Comments by "Tony Wilson" (@tonywilson4713) on "The Majority Report w/ Sam Seder" channel.

  1.  @myleslong5584  Thanks. It comes from 3 things. 1) I actually do care about America. I had this amazing time over there going to college and it hurts watching America tear itself apart the way it is. 2) No matter what any Australian likes or not, America is our most important trade and security partner. That has its pluses and minuses. Either way we need America to be stable and reliable. 3) No matter what any other country thinks or wants America is still 25% of the worlds economy. The US Dollar ($USD) is still the worlds reserve currency and MOST international trade is done in $USD or the money exchange is backed by $USD. NOBODY not even the Russians, Iranians or North Koreans can afford that system to be come unstable. Right now there's around $100 Trillion in Foreign Exchange (FX) Swaps held by banks, companies and others around the world. There's a Bank of International Settlements (BIS) report on it that went largely unnoticed 2 years ago. It raised the concern that over 60% of those swaps were held by non-American non-bank entities. Its NOT odd for businesses who trade internationally to hold FX swaps but there's also a lot of people using them like Casino chips AND IF the currency backing the swaps suddenly jumps up or down in value it can shock the entire global trade system. Better still is the fact that a couple of American states are now the favorite hiding places for money. There's little said about it but Idaho is America's equivalent of Switzerland and has a very secretive banking system. Its also a favored place for Russian Oligarchs to hide their money. Putin's worth around $200 Billion through various stocks and entities. Where that money is, is anyone's guess, but there's probably some in Idaho. So I really do mean it when I say NOBODY can afford America to become unstable or unreliable. Not even Putin. And Harvard, Yale and U. Chicago ARE the problem, because of what their graduates do and how they network together.
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  5. On your second point which you are also right about. I'm an engineer who's been informally studying economics for several years now. I got tired of clowns with economics degrees interfering in projects with their 2 favorite lines. "What's the business case for that?" and "Who's going to pay for that?" Sorry if this is long but here's a basic run down on what I found out. Even when I had those answers they still interfered because that's all they know what to do. Its doesn't take long listening to people like Mark Blyth, Stephanie Kelton, Marianna Mazucatto and others that there is a small but getting louder minority of economists who are calling for change. Mark Blyth for instance has his computer analogy and describes how capitalism has had 3 major versions so far, each that developed its bugs and needed to be replaced (or upgraded) and that we need a new system much like we do with computers. However the most startling thing I came across was only a few weeks ago when economist Steve Keen who (in an interview) said that economists DO NOT include energy in their models. AS AN ENGINEER I find that bizarrely ridiculous because EVERYTHING needs energy to work. This is where I think Marx, Smith and everyone since got it horribly wrong. Marx & Smith put everything in terms of labor, but then how do you value the work product of an ox that pulls a plow or the horse that pulls a cart or the cow that produces milk? Better still since Smith & Marx had seen the industrial revolution up close and then how did they value coal because that was the energy that drove economic growth? How did they value wind because that was the energy that drove the ships that moved the goods? As an engineer I can barely believe that the last 200 years of economics has been founded on a combination of stupidity and ignorance. 🤦‍♂🤦‍♂🤦‍♂🤦‍♂ Pardon me if I am an engineer but universally you can't have work without energy input, whether its by labor, animal, machine or by capturing natural forces. The efficiency of any economic system is therefore NOT profit margin but the efficiency of energy use to generate wealth and I say wealth rather than profit because profit is just a measure of capital return measured in monetary units and money is nothing but transferable debt where wealth is the accumulation of value which can also include things unaccountable for with money. If you are wondering on the money is transferable debt thing. Go and watch Gary Stevenson explain what money is here on YT.
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  10. As a counterpoint and some perspective. I'm Australian but went to college at Illinois so the Badgers are a rival. I went to Wisconsin a few times and there's nothing fundamentally wrong with Wisconsin or Wisconsin people. Every nation, state, tribe and village that's ever existed has had its idiots and at times let those idiots be in charge. We've got them here in Australia and we 've elected them to office too. We've done the "I don't like this person or that person so I'll try this person over here who's at least saying something different." YES - we do stupid things too. Here's a reason why Wisconsin is worth saving - the Green Bay Packers. Look across American pro-sport and there's this one anomaly. In stead of being the private property of some millionaire or billionaire there's this one team that's just owned by "normal people" (if you can call Packer fans normal). Do you know that's WHY the Packers have fans across the world? The Packers are the one club in America that people around the world can relate too. Its the one American club that's like all their clubs. If I put all the NFL fans in Australia in a room by far the biggest group are the Packer fans. Other than the Packers, the cheese isn't too bad and by Australian Standards at least Miller Genuine Draft is drinkable. American beer is so "not good" that Americans drink Mexican and Canadian beer when they can. So for Wisconsin to have made one of the very short list of American beers that's drinkable should be considered a plus.
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  31. Australian here: - This is similar to what's been happening here too. In May 2019 we had a federal election won by the conservatives and in December that same year the British conservatives also won. There were some distinct similarities to the losing campaigns of Australian Labor and British Labor to Hilary Clintons losing 2016 campaign. When I asked a Brit it they told me that some of the same campaign people from Hilary's campaign had been involved in BOTH Australian Labor's and British labor's campaigns. This is something people don't realise is going on. There are American campaign consultants going all over the world and getting involved with other people's election campaigns. Right now we are having a referendum to change our constitution to give the first nations people a "Voice to Parliament." Its similar to the system used in the Nordic countries with the Sami people. A year ago it had massive support, but that has been eroded by an American style campaign of lies and garbage pumped out on social media. JUST LIKE WHAT HAPPENED WITH BREXIT. In the case of Brexit Cambridge Analytica who ran the Facebook campaign of conspiracy theories and lies was owned by American LIBERTARIAN Billionaire Robert Mercer who also owns Breitbart News. The No campaign here is being lead by a couple of first nations people who are LIBERTARIANS and work at or have worked at Think Tanks with links to American Libertarian Think Tanks. You can easily check this. The Institute of Public Affairs one of Australia's most influential think tanks has a page here on YouTube - check the links it has on their homepage here. You'll find the Heritage Foundation and CATO Institute and others American LIBERTARIAN think tanks listed. Very shortly if they are NOT careful America is going to be told to FK-OFF and stop interfering in our nations.
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  41. I'm Australian and this election has always had huge ramifications for us like its had for some other countries. The democrats are plagued by a group of OLD PEOPLE who just won't accept their time is over. Jimmy Carter is one of the rare examples of a Democrat getting out of the road while helping when he can. The Bidens, Pelosis, Clintons and Obamas on the other hand......... The ramifications of that attitude is staggering. I've looked at some of the stats and one that I have NOT YET seen anyone discuss is the voter turnout and its the REAL ISSUE America needs to look at. According to the stats on Wikipedia almost every election gets a larger turnout than the previous one as expected from population growth. 2012 is a rare exception, but it doesn't compare to 2024 with over 16 million FEWER voters. EVEN Trump is DOWN by 800,000 over his 2020 result. When you consider that he picked up a slab of young male 1st time voters that means a couple of million of his base give up on his nonsense. Harris is Down by 12.4 million compared to Bidens 2020 result and that means a gigantic slab of the people who turned up in 2020 just gave up. Independents were simply annihilated. Anthony Scaramucci said something the other day about the options people had. Here's some to think about. 1) If you're a college student who wants the Genocide in Gaza to stop. Do you vote for Kamala who's helped support it or do you vote for Benjamin Netanyahu's choice for President. 2) If your a mother who's son is stuck in the basement vaping and playing video games. Do you vote for DEI Kamala or the felon who brags about grabbing women by the pussy. 3) If your a father who's daughter is worried about boys in the locker room. Do you vote for DEI Kamala or the convicted felon who would grab your daughter by the pussy. 4) If you vote 3rd party or independent what's the point of actually voting when you get NOTHING for it other than an opportunity to wave your middle finger at the Democrats and Republicans who don't care anyway. 5) If your Gen-X, Millennial or a Zoomer do you vote for the party run by selfish old people who don't care about your future or do you vote for the party run by a narcissistic sociopath, liar and convicted felon who's surrounded by other narcissistic sociopaths, liars and convicted criminals NONE of who care about your future. America has alienated so many of its people that 16 million who voted 4 years ago GAVE UP ON VOTING. Simply it doesn't matter if you're being asked to eat a BULLSHlT sandwich or a CHICKENSHlT sandwich you're still being asked to eat a SHlT sandwich. Sorry for the rant but what just happened has GLOBAL ramifications and America is functioning like NASCAR on 5 cylinders.
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  50. Australian here - and there simply is no winners in this disaster and it was predicted. Way back in 2010 Jon Stewart interviewed King Abdullah II of Jordan. It was one of 2 interviews JS gave that I feel should have changed the world and NOBODY was listening both times. King Abdullah WARNED AT THE TIME that if the Palestinian problem was NOT dealt with it would take another generation before another opportunity would come along. He warned that the fanatics on both sides would take over and it would only be a matter of time before it collapsed into something really bad. It took 13 years but that day might have finally arrived. Around the same time there was the wife of a senior British politician who caused a complete shitstorm of controversy when she referred to Israel as "that shitty little country." The remark wasn't aimed at the Jewish people but that the situation in Israel that caused so much grief for the rest of the world. And for reference the other interview Jon Stewart gave was to a guy Obama appointed to control CEO & Executive bonuses to bailed out companies after the GFC. At the time "The Guy" was labelled "the most evil man on Wall St" in the financial media. It was part of the response Obama gave to the car companies after their executives arrived in Washington on private jets begging for money. Obama's response was (paraphrasing) "Fine you can have a $$ Trillion, but until you pay it back this guy decides the wages in your companies." "The Guy" limited all wages to something like $200K or $500K. It was way above average pay packets but it stung the executives real damn hard. It overrode any any contracts and bonus agreements. I remember Jon Stewart asking how much had been paid back. "The Guy" answered it was over 90% and when asked about the other $7 Trillion handed out by Bush and Obama he said something like 4%. It should have set a precedent for every handout by any and every nation since. Here in Australia we bailed out QANTAS for the COVID shutdown. After resuming flights they have made over AU$1.4 Billion and have refused to pay any of the AU$480 million back including a $24 Million bonus to the CEO and that was after he publicly stated QANTAS would not exist without the bailout. 2 LESSONS NOBODY LISTENED TOO.
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