Money Talk

“We have a gentleman that likes a very strong dollar at the Fed. I want a strong dollar, but I want a dollar that’s great for our country, not a dollar that is so strong that it is prohibitive for us to be dealing with other nations.”   — Donald Trump

President Donald Trump speaks during the annual Conservative Political Action Conference (CPAC) in National Harbor, Maryland, on March 2, 2019.

Donald Trump has no idea what a “strong dollar” means. Trump has always been a privileged bully, who gets to borrow money for nothing and then default, so what does he know about economics?

The US dollar has been diluted by a decade of money printing (QE) for speculators, which has now been made permanent. The Fed & big banks have injected over $500 billion into the stock markets since their swoon in December 2018, which happened as soon as the Fed tried to end QE & raise interest rates.

“Quantitative tightening” has been abandoned, and it’s back to money printing, with sustained near-zero interest rates for the banks. That doesn’t help anyone who works for a living, but it keeps this financial house of cards from collapsing– for a little longer.

The US dollar has been inflated (ie- weakened) by financial parasites, which is why foreign governments are now buying gold, to hedge against the collapse of the greenback. If you are the average person with a few thousand dollars (or less) in the bank, you take comfort in knowing that it isn’t much to lose, when the banks collapse. The US dollar’s purchasing power, in real terms, is less than ever as housing, education, and even food cost more– in term of percentage of wages spent on these essentials.

Things forever changed economically in the early 1970’s for many reasons. US President Richard Nixon & his most-trusted advisor Henry Kissinger took the US off the gold standard in August of 1971. The reason was that the US could no longer afford to be the world bank, reimbursing gold at $35 an ounce. From there the US dollar was floated, and fiat speculation was born. This unbalanced the foundations of the post-war order under Bretton-Woods.

The rise of computers & globalization, along with a loss of economic preeminence by the US, which was reeling from the costs of the Vietnam War, led to the US ruling class launching an offensive against the working class, which has only been escalated up to today. In other countries it’s called “austerity.”

The lessons for working people are that they need to organize for themselves, as government & union “leaders” have sold them out. Governments are committees of the ruling class, which are the bourgeoisie under capitalism. Political independence of organized workers is the only way to redistribute wealth against this fascist current of late-stage capitalism. Liberal reformism is dead, as it died with the hopes & dreams of Barrack Obama.

In America there is now a sociopathic President of the United States, who openly speaks against socialism with lies & threats of violence, and no voice of opposition from the Democrats or the mass media. This only proves that the Democrats, along with MSNBC & CNN, are as much fascist as Trump & his core supporters.

The Democrat version of fascism is identity politics domestically, and anti-Russia (anti-socialism) in foreign policy. Trump is a racist, so he prefers China & Latin America as the main targets of US foreign aggression– diplomatically, covertly, and/or militarily. That’s the actual difference in politics between Republicans & Democrats, which is a fake debate.

There are many financial elites who support Trump on foreign policy, because they see China, with it’s rise as a technological superpower, as the primary threat to US economic hegemony. Russia doesn’t have that technology edge, but is still seen as a threat because of its history.

The Russian Revolution of 1917 was the most defining event of the 20th century, with enduring lessons for the workers of the world. It was led by Lenin & Trotsky, whose Bolshevik party captured the trust of the masses, and organized an insurrection that toppled the hated tsar & it’s feudalist regime.

Instead of moving into capitalism, Lenin & Trotsky galvanized the workers of Russia, who organized a socialist government of workers’ councils. These workers’ councils were called “soviets.” After the October (November) Revolution, Russia became a “government of soviets,” with the Bolsheviks as the majority among the workers.

The imperialists who started the “Great War” (1914-1918) recoiled at these events & reacted with horror. By 1918, “the war to end all wars” was over, but every country turned its military might onto the incipient Soviet government. Trotsky organized & led the Red Army, which ultimately defeated the traitorous “Whites,” and their imperialist backers. By 1923, all foreign troops had been defeated and the revolution was saved, but Russia had been bled white.

When Lenin finally succumbed to a series of strokes in January 1924, a factional political battle raged between Leon Trotsky, the recognized leader (along with Lenin) of the Russian Revolution, and Joseph Stalin. Stalin was better at laying traps, and making ever-shifting alliances behind-the-scenes. This talent at intrigue led Stalin’s bureaucracy to take power, and become the fascist version of socialized property relations.

Socialism never existed in the Union of Soviet Socialist Republics (USSR), because workers never had control over production, and allocation of resources. A Stalinist bureaucracy attached itself to the Revolution, and consumed it from within. Trotsky was defeated politically by an ever-expanding bureaucracy led by Stalin. Trotsky was isolated, exiled, and ultimately murdered by a GPU agent in Mexico City in 1940.

In 1991, the USSR suddenly collapsed, and bourgeois intellectuals of the world were all speechless as to what happened. Trotsky wrote (above) in 1936, that the Soviet Union would either have a workers’ revolution and overthrow the bureaucracy, or it would fall back into capitalism. Trotsky was proven right in the negative. Today, Russians have a much lower standard of living than they did as citizens of the USSR. Bourgeois historians & economists never mention any of these historical facts or lessons.

Stalin advocated for “Socialism in one country,” as opposed to Trotsky’s “Theory of Permanent Revolution.” Trotsky was an internationalist, in the tradition of Karl Marx, who understood at this point of capitalist development (20th century), there could be only global socialism. Any genuine socialist revolution would be permanent in nature. National Socialist is what the Nazi’s called themselves, and Stalin was the communist equivalent to Adolf Hitler under capitalism.

Donald Trump is the US version of Hitler/Stalin, but notice there is no resistance coming from the so-called “left.” Bernie Sanders & Alexandria Ocasio-Cortez have staked out the furthest left position under two-party US capitalism. It consists of unattainable reforms, green rhetoric, and a blind eye to militarism, the expanding police state, and a criminal detention policy for refugees & their children, etc.

The main “progressive” plank of the Democrats today is identity politics, which is #MeToo feminism, Black Lives Matter racialism, and LGBT rights. These identities are used as ideological weapons, to attack artists, socialists & workers who question this system of economic inequality.

The most foul of these has been the #MeToo campaign, which has a Hollywood face, but deep state roots. It’s ideology is to attack those who expose these political & economic terrorists for their crimes. Julian Assange was among the first victims of this internationally-coordinated campaign of sexual intimidation, in the name of imperialism.

Democrats, the deep state, and their supports will only continue to double down on the #MeToo campaign & racialism– as it’s all they’ve got. Each week the New York Times published another expose’ meant to take down an artist in entertainment, etc. Pretty soon there won’t be any good performers left, which means all the movies, television & music will be fake. We’re almost there already.

The Fed will print more fake money, while Trump and his fascist crowd will continue to provoke confrontations globally, exerting “maximum pressure,” in order to create flashpoints for war & crisis. This is the only way they can stay in power, which is what it’s all about.

None of this is in the interest of the workers who earn wages to live. A nuclear winter from a war between India & Pakistan is all it takes to wipe human civilization, and we’ve gotten far too close to that. The recklessness of our “leaders” must be checked with a mass intervention to avoid catastrophe for our planet.

There is no faction among the ruling elites which prefers socialism over world war, therefore they all must go. Revolutions happen in history, and we as a civilization are long overdue. The faster we learn these lessons & organize ourselves, the faster it will happen.

Fri 08 Mar 2019 09:50 AM EST : Keiser Report Update:

Max is correct in that the dollar is being inflated, not burned, by QE & 0% interest rates for big banks & financial speculators. His analogy of a Tomahawk missile for the US government burning money is more correct than Stacy’s. The US economy is war-based, as the military is now considered its primary strength, with the decline of the greenback. The Afghanistan War is now the longest running US war in history, and imperialism has lost again. But there is too much invested in the ideology of war for US elites to admit defeat, therefore the charade goes on for a bit longer…

War & police-state measures with mass censorship are seen as the only option for the ruling class in this late stage of capitalism. A Tomahawk missile built by Raytheon costs $1.4 million each. When it blows up, all its “value” is instantly exploded. By any reasonable measure, the cost of a Tomahawk missile exploding in a home, neighborhood, or business district would be recorded as a net loss for any nation’s economy.

No one ever discusses these actual costs in the “authorized” media. In America, elite Republicans & Democrats manipulate the numbers & facts through the corporate media, to turn reality on its head. Every “issue” & “debate” is fake because of how it’s framed, which is always in the interest of the richest class.


Tsar to Lenin (1937/2012): A Film Discussion

Tsar to Lenin Cover

It has generally been conceded by film historians, that All Quiet on the Western Front released in 1930, is the first great talkie and the greatest film of its era. Lewis Milestone directed the cinematic adaptation of Erich Maria Remarque’s instant-classic World War novel, and it deserves to be seen by film-goers and critics alike as a compelling movie and an early peak in American cinematic art. It’s long-standing reputation as the greatest early-American talkie film now needs to be put in serious question with the re-release of Herman Axelbank’s Tsar to Lenin.

Most critics prefer not to compare documentaries to conventional movies, but in this case it is necessary, due to the similarity of the material covered, as well as the epoch of the films themselves.  Tsar to Lenin was completed in January 1931; which makes it a contemporary of the Milestone classic. Talking films were in their infancy at that time, and most of the output from Hollywood was so poor in quality, that by today’s standards they are unwatchable.  Many of them have been lost forever.

Tsar to Lenin wasn’t released until 1937, and then only for a handful of showings in New York City, before it was blacklisted by the Communist Party on orders from Stalin.  Most people never knew the film existed.

The SEP and Mehring books, have righted that injustice with their DVD release of Tsar to Lenin, and it is quite simply a triumph for art and humanity. It far supersedes any film of it’s time, in content and emotional impact.

The clips, as the film’s introduction reads, were gathered from more than 100 cameras, over the course of 13 years, from a broad range of perspectives including: the Tsar’s royal photographers, Soviet photographers, the military staff photographers of Germany, Great Britain, Japan and the United States, and other adventurers. The film’s footage is completely authentic, and is presented in chronological sequence to provide as complete a picture as possible of the Russian Revolution and its Civil War aftermath.

This is truly the most complete and authentic film document of its kind.

Herman Axelbank’s footage is the star of the film, but Max Eastman’s narration is the film’s twin co-star. Today more than ever, these events need explanation.  Eastman provides it beautifully and without it, we would have a collection of film clips that would make little sense to most people. Eastman’s descriptions reduce each scene to its understandable essence, while occasionally allowing ironic wit to come through, thus adding subtle tones to the narrative.  It is instructive to quote him at length to gain a better sense of the film’s impact.


The film begins with portraits of Russia under Tsarist autocracy–great leisure for the Tsar and the landowners, while the masses toil in ignorance and extreme poverty.  One scene of Tsarist leisure has him and his entourage aimlessly throwing many balls around on the lawn. Eastman comments dryly, “A Russian [Tsarist] conception of the World Series.” After some more frolicking, the Tsar challenges his minions to a game of tag, and Eastman points out that they don’t dare play seriously, “[That’s] one kind of fun that a Tsar can’t have.”

Tsar_Nicholas II

The footage of the Tsar at the military front in 1914, shows him to be highly agitated and unable to focus on anything; completely unsure of himself and almost child-like in his silly, self-conscious manner.  Every moment of his public life is one grand charade.

The following is Max Eastman’s brief narration of the first two years of the World War for Russia:

“Russian armies were soon defeated by the superior organization and equipment of the Germans.  By the end of 1916, their retreat had become a national disaster. The soldiers were being herded into battle; hungry, ill-clad, without ammunition, even without guns.  Corruption, treachery, neglect, and profiteering had ruined the Tsar’s military organization.  Two-and-a-half million dead.  Five million wounded.  They were lying, like piles of rubbish outside the hospitals; too crowded to contain them; wounded and dying with no clothes on their backs. Two-and-a-half million dead, with no time to bury them.”

Then, a few seconds later: “The bodies of the Russian peasants, who had tilled the soil for the Tsar and the landlords, were dumped out like manure in the frozen field”, while a camera precisely records such an event.

Eastman’s descriptions of the February & October Revolutions are delightful in their concision.

“The funeral for the martyrs of the February Revolution was not a funeral, but a gigantic, triumphal march of the people.”

Then later, “Everybody who has an ideal; inscribes it on a banner, hires a brass band, and demands that it be realized by the new [provisional] government being born in the Tauride Palace.”

And finally after the October Revolution, “There was no government. Joy was the sovereign over all of Russia!”

Perhaps the film’s most unforgettable set of images is during the Civil War, when Admiral Kolchak’s troops execute Red prisoners-of-war in the field.  A Red soldier laughs as he awaits the firing squad.  They are shot in groups of three, and we see it five different times before his turn comes.  “The Red soldier is still laughing!”, Eastman narrates in defiance, just seconds before bullets rip through the Red soldier’s flesh; sending him into pit of fresh corpses.

White Army executions

Those were not Hollywood stuntmen, pretending to die, as they were in Lewis Milestone’s film.


Eastman’s portraits of the principle figures, and the dozens of minor ones, is just as exact. Axelbank’s footage reveals much of Alexander Kerensky, who is first shown surrounded by bourgeois supporters in Petrograd. They are thrusting him forward, while he is trying to shrink back.  He is obviously a feeble and terrified man, who doesn’t rise to the top through brains and force of will, but instead is thrust forward by others who prefer to remain behind the scenes. Later after the October Revolution, we see Kerensky in Paris with heavy bags under his eyes. He looks decrepit and defeated, as Eastman has a few final words of irony for him.


Historian, Paul Miliukov (above) was the puppet master for the Russian bourgeoisie in the Provisional Government.  Film footage of him shows him precisely as Trotsky describes him in his History of the Russian Revolution; crediting him as the bourgeois leader who most deeply understood there could be no compromise between the demands of the people and the interests of the capitalists.  He pops up over and over, and is at the center of every counter-revolutionary conspiracy discussed in the film.

Kerensky’s program of trying to reconcile the people’s demands of “Bread, Peace & Liberty” with “War & Fatherland”, quickly led to disillusionment among the workers & soldiers (peasants) who instead “flocked to a new, more powerful leader–Lenin!”


The footage of V.I. Lenin is powerful & fascinating.  He, like Trotsky, spoke to huge crowds without aid of a microphone.  Lenin was not a tall man, and Eastman comments on this in a scene from 1920, where he is having a discussion with Parley P. Christensen, the Farmer-Labor candidate for U.S. president.  Lenin keeps his hands in his pockets and leans back to look up at his adversary, while never taking his eyes off of him.  Eastman notes of Christensen, “He towers over Lenin…physically.”

The film’s final scene is about a minute of Lenin speaking, which we can not hear.  Eastman is eloquently narrating the life’s purpose of this brilliant revolutionary leader, who entirely dedicated himself to the cause of freeing humanity from the chains of inequality.  Lenin’s eyes shine as he is speaking with the whole of his being and intellect.

Trotsky appears in the film too, and is no less important.  His slogans and Lenin’s were the same: “Kerensky is a tool of the landlords and capitalists!”, “Stop the War!” “Confiscate the Land!” “Russia Belongs to the Workers & Peasants!” “All Power to the Soviets!”; and he delivered them with the same intensity.  Lenin and Trotsky were the planners of the Bolshevik Revolution which ousted the capitalists (Provisional Government), and established the first workers government in human history.  It was also the beginning of the end of the World War, and the ushering in of a bitter Civil War; in which 14 hostile foreign armies surrounded the newborn Soviet government, in an attempt by imperialism to strangle the workers revolution.


A major factor in the Red Army’s success in defending the revolution was Trotsky’s brilliance in military organization.  A Russian army that had been shattered by Germany in the Great War, had to be rebuilt in the furnace of a life-or-death struggle for survival.  “Show me one man who could organize a model army within a year.  We have such a man!”  Those were Lenin’s words on Trotsky.

The last, best chance for imperialism to quickly kill the revolution is depicted in the scenes showing General Yudienich, backed by materiel from Great Britain, leading the flower of the Tsar’s army, with one officer for every eight men, on a march from Estonia to St. Petersburg.  “It was stifled by the Red Army, which was revived by Trotsky.” Those were the observations of Paul Miliukov and a White Army officer.

Also mentioned is Trotsky’s brilliant pamphleting while the White Army is in full flight.  His leaflets offered payment in rubles for desertion and the turning in of weapons; and also urged the soldiers of Yudienich to shoot non-complying White-Army officers on the spot. “Death to capitalists and their hirelings!”

In the footage of Trotsky leaving the conference of Brest-Litovsk without signing the peace, something never done before; he tips his hat to the camera, as only a man completely confident of his place in history can do.

Eastman then describes Lenin during a later discussion, as a man who willed the signing of the Peace of Brest-Litovsk, against a Central Committee majority to fight, “by force of personality and cold reason”, proving there was no fundamental disagreement on the matter with Trotsky, only tactical ones which often reflected their individual styles.

As mentioned above, there are dozens of other lesser characters shown in the footage that provide insight into reality, and give Eastman plenty of opportunities to apply his dry sense of humour.  Max Eastman’s narration in Tsar to Lenin is sublime in its masterful understanding of classical Marxism.

Axelbank has footage and Eastman commentary, of Kaminev “expounding as of yet without extreme conviction, Lenin’s demands for a Second Revolution.” Kaminev, whom Eastman describes as a “mild Bolshevik”, is also shown with Cheidze, Tseritelli, and other opportunists of the Provisional Government.  This footage seems to foretell of the triumvirate he would later join with Zimonev and Stalin to oust Trotsky after Lenin’s death.

The Friends of the Soviet Union provide a moment of pure comic embarrassment, with all the propaganda value of a bomb blowing up in your face. A British suffragette proudly inspects the all-women battalion, a few of the remaining ‘reliable’ soldiers are left with the task of defending Kerensky from the millions of Red supporters before the October Revolution.  The suffragette then poses for a handshake with a male loyalist soldier, who obviously doesn’t want to shake hands.

And once again there is Admiral Kolchak, the leader of the White Army in Asian Russia, and self proclaimed “Supreme Ruler of Russia”. During the Civil War, Vladivostok was an international war camp, spearheaded by Japan and the U.S., for the landing of troops & materiel for the counter-revolutionary war effort.  Eastman describes: “Anti-Bolshevik forces of the entire world pinned their hopes to the Supreme Ruler [Kolchak]; the cossacks acknowledged his supremacy; the native chiefs brought him bread, salt, and live geese in token of their friendship…and he didn’t quite know what to do with them.” Herman Axelbank’s footage is verifiable proof of Eastman’s words.

“On November 14-15, 1920, 135,000 troops on 126 ships leave the Crimea. The world is defeated and all of Russia is now a Soviet Republic!” Shortly after this description by Eastman, at precisely 59:21 into a movie that runs just over 63 minutes, Joseph Stalin first appears.  Evidently there is no earlier footage of Stalin’s activities as a Bolshevik, which of course leads one to rationally conclude that nothing Stalin ever said or did, was thought to be worthy of filming by anyone connected with the Russian Revolution.

There needs to be a sense of great sadness when looking out into the faces of the masses that Lenin is speaking to in the film’s conclusion.  Those millions to whom he patiently explained socialism, and would come to believe him; would 15 years later be exterminated for that very reason during the Moscow Trials and blood purges of the Old Bolsheviks.  Those who managed to survive were then fed to imperialism during a Second World War.

It is a great reminder to all revolutionists of the terrible cost of not completing such an important task.  It is everyone’s duty as a human being to completely understand this film for the purpose of finishing a task Lenin & Trotsky set out for mankind over a century ago.