Co-founders of the Mexico Solidarity Project, Bruce Hobson and Meizhu Lui will speak on why North American progressives should understand why Mexico is critical to advancing a vision of socialism and multiracial democracy in the United States.
Dr. Betsy Bowman will explain how the Quantitative Easing policies of the US Federal Reserve have allowed corporations to buy back their own stock -- which was formerly illegal. These QE policies have also allowed the corporations’ executives, Boards of Directors and share-holders to enrich themselves while adding to the same corporations’ debt and the US debt. Intervention in the “repo” or repurchase agreements’ market (another form of QE) has further added to the US debt and has weakened the dollar. The US has long been the country with the largest debt in the world. The size of the US debt today is $20.5 Trillion dollars, with annual interest payments of $380 billion per year. This debt is casting doubt over the US dollar’s reserve currency status as fewer countries are buying US treasuries as their own reserves. Contrary to what is said, the US is now a poor country – like we used to think of Italy, Greece, China, etc. – where almost half of the population lives in or near the poverty level. The debt levels at every point in US society – students, credit cards, businesses, corporations, under-funded pension plans, governments – are unsustainable. The day of reckoning is coming.
Events
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Co-founders of the Mexico Solidarity Project, Bruce Hobson and Meizhu Lui will speak on why North American progressives should understand why Mexico is critical to advancing a vision of socialism and multiracial democracy in the United States.
You are invited to join a discussion with filmmaker Santiago Esteinou and Cesar Fierro about the new documentaryThe Freedom of Fierro.
César Fierro has just become a free man, and he needs to rebuild his life after being wrongly sentenced to death in Texas. César spent 40 years in prison before being released... Read more