Selling humanity shortDecember 10, 2023
US research shows that 5 days before the Hamas attack on Israel, there was a very large increase in short-selling of Israeli company stock on the New York stock exchange, ie, people betting money that Israeli shares would drop significantly in value. Typically as a trader you would only short-sell a company if you happened to know in advance that something disastrous was about to happen to them.
The trading of 227,820 shares in the Israel Exchange Traded Fund was orders of magnitude higher on 2 October than the usual 2,000 shares.
So Hamas not only instigated a blood-soaked holocaust, it looks like they might have cleaned up on the stock market while they were at it.
China’s interest in GazaDecember 6, 2023
China is positioning itself as Gaza peace broker. Earlier this year it also underwrote a rapprochement between sworn enemies Iran and Saudi Arabia, and last week hosted a Middle East summit. Why the interest? Because it wants Middle East oil and gas, while aiming to eclipse the USA’s control by offering a ‘business first, values free’ approach which local rulers, sick of US sanctions and/or pettifogging interference in their Orwellian domestic regimes, will find hard to resist.
The Chinese ‘Communist’ Party is not concerned with the plight of innocent Palestinian or Israeli workers. This is a power play to determine ‘the principles and the rules that are going to run the world order in the 21st century’ (tinyurl.com/3parwvry).
Kissinger – rot in hellNovember 30, 2023
The man who bombed neutral Cambodia ‘back to the Stone Age’ and then got the Nobel Peace Prize, prompting songwriter Tom Lehrer to declare ‘satire is obsolete’, has finally died at 100, an age never reached by his tens of thousands of helpless victims. He backed Chile’s murderous Pinochet regime and was implicated in Operation Condor, a South American mass-assassination programme. His world view was ‘shaped by pessimism and a dim view of humanity’ where ‘power is the best aphrodisiac.’
Our only regret is that we can’t collectively dance on his grave. Instead we make the case for post-capitalist common ownership, where war will not exist, and power-crazed psychopaths like Kissinger will never be created.
Heard of Giving Tuesday?November 29, 2023
We hadn’t either until last week. It seems to have slipped across the Atlantic like the Black Friday confest and it falls on 28 November. The charitable foundations of zillionaires such as Gates and the Heinz family are backing it to promote ‘radical generosity’.
We won’t be hanging out the bunting on the day. We say that the working class has been radically generous to capitalists for far too long, drudging away to create the wealth that funds the lives and charities of Gates and his ilk. So our response to Giving Tuesday, which also originated out west: “You can stick it where the sun don’t shine”.
New sign of povertyNovember 22, 2023
It has become common recently to talk of a ‘cost-of-living crisis’ in the UK and elsewhere, as people’s incomes struggle to keep up with price increases.
A dramatic example of this is the recent Autumn Statement from the Joseph Rowntree Foundation that two million households in Britain have in recent months turned off their fridge or freezer in order to save energy and money. And a quarter of low-income households have run up debts to pay for food, while a third sold belongings to raise cash.
This in the fifth richest country in the world (measured by total household wealth)! Such is capitalism, and this is why it needs to be replaced.