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How to Wipe Out Puerto Rico's Debt Without Hurting Bondholders

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Hurricane Irma hits Puerto Rico

Shifting the debt burden of bankrupt institutions onto the books of the central bank is not a new or radical idea. UK Prof. Richard Werner, who invented the term "quantitative easing" when he was advising the Japanese in the 1990s, says there is ample precedent for it. In 2012, he proposed a similar solution to the European banking crisis, citing three successful historical examples.

http://evergreenedigest.org/sites/default/files/Pine%20Tree%20Logo200%20with%2011%20Yr%20Banner_0.jpgA Large Dedicated Audience Averse to Supporting the Project

We have a unique problem. A large dedicated audience that is averse to supporting the project. While there may be reasons, good and bad, the net effect is a constant headache for everyone.

To expect that 1% of the subscribers would respond to the funding appeals seems like a modest aspiration.

We are going to have to find a way to raise the level of participation. You apparently rely on Evergreene Digest, and we clearly rely on you.

Need to find a way to make this work.

Dave & the Crew


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Ellen Brown, Public Banking Institute / OpEdNews

10/15/2017 | During his visit to hurricane-stricken Puerto Rico, President Donald Trump shocked the bond market when he told Geraldo Rivera of Fox News that he was going to wipe out the island's bond debt. He said on October 3rd:

"You know they owe a lot of money to your friends on Wall Street. We're gonna have to wipe that out. That's gonna have to be -- you know, you can say goodbye to that. I don't know if it's Goldman Sachs but whoever it is, you can wave good-bye to that."

Ellen Brown is an attorney, founder of the Public Banking Institute, and author of twelve books including the best-selling Web of Debt.

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Special Report | A Free and Open Internet: The Latest from the Frontlines, Week Ending October 28, 2017

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The Conspiracy to Censor Left-wing Points of View Continues to Intensify

Part 1: Google intensifies censorship of left-wing websites

Google’s actions against left and progressive sites are making clear the real targets of Internet censorship: news outlets and political organizations opposing war, social inequality and the domination of society by the financial oligarchy.

Part 2: Part 2: The conspiracy to censor the Internet

The same arguments now being employed to crack down on social media could just as well have been used to suppress books and mass circulation newspapers that emerged with the development of the printing press.

Part 3: What We Do and Don’t Know About Facebook’s New Political Ad Transparency Initiative

The short answer: It leaves the company some wiggle room.

Compiled by David Culver, Ed., Evergreene Digest 

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Part 1: Google intensifies censorship of left-wing websites

Google’s actions against left and progressive sites are making clear the real targets of Internet censorship: news outlets and political organizations opposing war, social inequality and the domination of society by the financial oligarchy.

Andre Damon, World Socialist Web Site 

Submitted by Evergreene Digest Contributing Editor John Stoltenberg 

http://www.globalresearch.ca/wp-content/uploads/2011/10/126808.jpg 19 September 2017 | Google has intensified its censorship of left-wing, progressive and anti-war websites, cutting the search traffic of 13 leading news outlets by 55 percent since April.

On August 2, the World Socialist Web Site reported that changes to Google’s search algorithm had led the search traffic of these sites to drop by 45 percent, according to figures by the search analysis service SEMRush.

Andre Damon is a World Socialist Web Site reporter.

Full story … 



Part 2: The conspiracy to censor the Internet

  • The Constitution does not give the government or powerful corporations the right to proclaim what is “fake” and what is not, what is a “conspiracy theory” and what is “authoritative.”
  • The same arguments now being employed to crack down on social media could just as well have been used to suppress books and mass circulation newspapers that emerged with the development of the printing press.

Andre Damon and Joseph Kishore, World Socialist Web Site

Submitted by Evergreene Digest Contributing Editor John Stoltenberg 

18 October 2017 | The political representatives of the American ruling class are engaged in a conspiracy to suppress free speech. Under the guise of combating “trolls” and “fake news” supposedly controlled by Russia, the most basic constitutional rights enumerated in the First Amendment are under direct attack.

The leading political force in this campaign is the Democratic Party, working in collaboration with sections of the Republican Party, the mass media and the military-intelligence establishment.

Andre Damon is a World Socialist Web Site reporter.

Joseph Kishore is an American activist and writer. He is the National Secretary of the Socialist Equality Party and a writer for the World Socialist Web Site.

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http://evergreenedigest.org/sites/default/files/FreePress%20Presents%20Save%20the%20Internet.jpgPart 3: What We Do and Don’t Know About Facebook’s New Political Ad Transparency Initiative

The short answer: It leaves the company some wiggle room.
 

Julia Angwin, ProPublica

Sept. 22, 2017 | On Thursday, Facebook Chief Executive Mark Zuckerberg announced several steps to make political ads on the world’s largest social network more transparent. The changes follow Facebook’s acknowledgment earlier this month that $100,000 worth of political ads were placed during the 2016 election cycle by “inauthentic accounts” linked to Russia.

The changes also follow ProPublica’s launch of a crowdsourcing effort earlier this month to collect political advertising from Facebook. Our goal was to ensure that political ads on Facebook, which until now have largely avoided scrutiny, receive the same level of fact-checking by journalists, advocacy groups and political opponents as do print, broadcast and radio political ads. We hope to have some results to share soon.

https://assets.propublica.org/images/bio/_oneOne75w/julia-angwin-1000x1000.jpg Julia Angwin is a senior reporter at ProPublica. From 2000 to 2013, she was a reporter at The Wall Street Journal, where she led a privacy investigative team that was a finalist for a Pulitzer Prize.

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To the Point: Bid for Amazon HQ Should Reflect Minnesota's Interests

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  • Even if Amazon does come to Minnesota, along with the jobs and economic boost there would also be serious negative impacts from the project.
  • Related: Foxconn Comes to Wisconsin: A Bad Deal for Workers and the Environment

John Marty, Apple Pie Alliance

http://www.apple-pie.org/images/apa3.gif October 13, 2017 | As a consistent critic of corporate subsidies, I had a mixed reaction to Amazon’s request for bids to attract their proposed second headquarters.

The promise of up to 50,000 high paying jobs is incredible; something no state would ignore. But nobody knows whether those jobs will actually materialize. Businesses often promise the moon to gain handouts from taxpayers as is evident in Wisconsin’s massive subsidy to Foxconn.

John Marty is a Minnesota state senator. 

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Related:

Foxconn Comes to Wisconsin: A Bad Deal for Workers and the Environment, Willis and Jacob Druker, Socialist Alternative

  • http://evergreenedigest.org/sites/default/files/Foxconn%20Comes%20to%20WI.jpgIn exchange for $3 billion from the state government, electronics giant Foxconn will build a massive factory in Wisconsin.
  • What’s good for big business is good for the rest of us. Right?

# # # 

https://ilsr.org/wp-content/uploads/2016/11/Amazon-Report-Cover_border-320x412.png Jeff Bezos Screws Over Workers At Amazon. Now He Wants To Do The Same At The Washington Post. Paul Blumenthal, HuffPost 

  • Can Silicon Valley’s anti-labor attitude survive actual contact with a labor union?
  • Related: Report: How Amazon's Tightening Grip on the Economy Is Stifling Competition, Eroding Jobs, and Threatening Communities


The Poison of Commercialization Where Everything Is Regarded As A Commodity

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Image by Francis Storr via Flickr

“We sleep so deep, it don’t matter how they shake us. If we can’t face it, we can’t escape it. But tonight the storm’s come,” says Kate Tempest in Tunnel Vision. Indeed, we are in the very eye of the storm, “The winter of our discontent’s upon us” and release will not be found within the corrupt ways of the past, but in new forms built on ancient truths of love and unity held within the heart of all mankind.

Graham Peebles, Dandelion Salad

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June 30, 2017 | In cities and towns from New Delhi to New York the socio-political policies that led to the Grenfell Tower disaster in west London are being repeated; redevelopment and gentrification, the influx of corporate money and the expelling of the poor, including families that have lived in an area for generations. To this, add austerity, the privatization of public services and the annihilation of social housing and a cocktail of interconnected causes takes shape. Communities break up, independent businesses gradually close down, diversity disappears and another neighbourhood is absorbed within the expensive homogenized collective.

People living in developed industrialized countries suffer most acutely, but developed nations are also being subjected to the same violent methodology of division and injustice that led to the murder of probably hundreds of innocent people in Grenfell Tower.

Graham Peebles, Writer, Dandelion Salad

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