‘Stop NATO,’ protesters chant at massive rally in heart of EU (VIDEOS)
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Tens of thousands demonstrated against the rising cost of living, with many linking the crisis to the West’s Russia policies
A trade union-organized protest numbering 70,000 to 80,000 demonstrators packed the streets of Brussels on Monday, bringing the city to a standstill. In addition to expressing anger at the rising cost of living in Belgium, many condemned the US-led NATO alliance and its involvement in the Ukrainian conflict.
Trade unions said that 80,000 people attended the protest, while police said that the turnout was closer to 70,000, Reuters reported. In addition to packing the streets, the protest led to mass cancellations of flights at Brussels Airport, as unions representing security personnel went on strike. Public transit routes around the city were also operating at drastically reduced capacity.
Inflation hit 9% in Belgium in June, a four-decade high. With spending power declining, protesters demanded salary hikes and tax cuts.
The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy.....Martin Luther King '63
It takes all the technical proficiency our system can provide to make up for the woeful lack of popular support and political savvy of most of the regimes that the West has thus far sought to prop up.........Bernard Fall
June 21, 2022 at 1:23 AM #492236gordyflParticipant
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I’ve noticed the corporate media talks about inflation but avoids using the words “economic sanctions.” They give all kinds of reasons for inflation, but we know inflation soared after Biden’s economic sanctions. After being pressed on the issue, I heard Janet Yellen say “punishing Russia” in place of her boss’s “economic sanctions”. They’re still trying hard to protect Biden from any blame or responsibility for today’s economic conditions. If Trump was president it would be a different story.
June 21, 2022 at 3:27 AM #492245Cold Mountain TrailParticipant
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Actually, if you’d specify *which* sanctions you’re talking about, applied *when* and on which country, it would be easier to answer comments that start with “We know”.
We don’t know anything without specifics.
I’m guessing you don’t remember the Vietnam/post-Vietnam era, 2 years of double-digit inflation & capital strike from the rich under Carter — or the “Reagan Recession” — 3 years of double-digit inflation — if you think going from 4.2% to 8.6% over the course of a year is “soaring inflation”.
What’s been unusual in US history has been more than a decade of very low interest rates, rigged for the rich, and for creditors over debtors. So the rich could borrow very cheaply (though the middle class couldn’t so much).
Economic sanctions be damned: if you look at the historic record, high inflation is a regular feature of every major war in modern US history: WWI, WW2, Vietnam/Korea.
June 21, 2022 at 4:55 AM #492250gordyflParticipant
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You guessed wrong. I do remember inflation under Jimmy Carter. It affected my business immensely. Oil prices soared. Gas lines. Buying gas on alternate days — odd and even number days. One thing I have learned is the price of energy (gas and oil) affects inflation. When Biden put sanctions on energy I knew right then inflation will rise. In fact, Biden told us. He said we’ll be paying more at the pump. He told us to just bear it. It’s about freedom, he said. Sure there are other factors that can affect inflation (droughts, union strikes, increased wages, etc.), but rising energy costs will increase inflation.
Supply and demand.
When Biden put sanctions on Russia’s natural gas and western countries boycotted Russia’s oil, Biden had to find ways to increase the supply. That’s why he sent his team to Venezuela. And although Biden may deny it, he hopes to persuade the butcher of Saudi Arabia to increase oil production in his upcoming trip there to offset the sanctions.
But don’t worry. When the Fed raises interest rates and clears it’s balance sheet, the economy will slow down. The media says hiring will slow down. In truth, there will be layoffs. As businesses slow down there will be less demand for energy. Prices will come down.
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