United States: Two Party System and Militarism

US Presidential Candidate, Jill Stein has condemned Israel for its actions. She placed ultimate responsibility for much of the violence on Washington. While talking to MintCast host Mnar Adley she said, “Gaza is the key issue of our era.” She added “Every international law in the books is being broken.”

She said, “This is not something that began on October 07, 20234. This is the continuation of ethnic cleansing and displacement that began in 1947 and 1948 with the displacement of 750,000 people.”

Jill Stein, a physician by trade, has been involved in the Green movement for decades. She first ran for office in 2002, attempting to become the governor of her native Massachusetts. In 2012 and 2016, she was selected as the Green Party’s presidential candidate. Running against Donald Trump and Hillary Clinton in 2016, she received over 1% of the national vote. She is the overwhelming favorite to represent the Green Party in the 2024 presidential election.

Congress, Stein noted, has just approved US$3.8 billion in aid to Israel, with another US$17 billion pending for not only continuing its genocide but to expand its wars in the Middle East.”

Global public opinion is increasingly turning against the United States, Stein warned, turning both Washington and Israel into pariahs. Even inside the US, recent polling shows that a majority of Democratic voters consider Israeli actions to constitute genocide. And President Biden continues to offer unconditional support.

It seems this is pushing millions of voters to consider the Green Party as an alternative. Stein described the Democratic establishment as in a state of panic over the widespread revolt among its voter base, which could destroy the party’s chances of winning elections.

She said they are fielding an army of corporate lawyers to try to dirty trick us, to find little technicalities to throw us off the ballot.

This is not a new phenomenon, as the Green Party has long dealt with the Democrats’ attempts to suppress them.

However, what has changed, Stein said, is the party’s willingness to announce their intentions to limit democracy openly.

 

US Election: Military-Industrial-Congressional Complex Wins Again

With Veterans Day in mind, if one is asked to comment on the 2022 election outcome, the reply is, the winner in 2022 is the same as has always been, the military-industrial-congressional complex. It is a sad result to contemplate with Veterans Day looming.

In this election cycle, people have heard nothing about peace; have heard nothing about strengthening and preserving democracy by downsizing our military and imperial presence around the globe. Not from Democrats and Republicans.

When both political parties pose as pro-military, when both are pro-war, when both are enablers of record-high Pentagon spending, when both act as if a new cold war with China and Russia is inevitable, do election results even matter? No matter which party claims victory, the true victor remains the military-industrial-Congressional complex.

To paraphrase Joe Biden, nothing fundamentally changed in the 2022 elections when it comes to colossal military spending, incessant wars and preparations for the same and non-stop imperialism around the globe. There is no new vision for lower Pentagon spending, for fewer wars and weapons exports, and for a smaller, less domineering, imperial mission.

As General and President Dwight D. Eisenhower warned in 1961, the military-industrial-Congressional complex represents a disastrous rise of misplaced power that is profoundly anti-democratic. Collectively, we’ve failed to heed Ike’s warning. The result has been one unnecessary and disastrous war after another, even as democracy in America withers.

The Vietnam War—disaster. The Iraq War—disaster. The Afghan War—disaster. The War on Terror—disaster. Even the war US ostensibly won, the Cold War against the USSR, is now apparently about to be refought. May be the US needs to refight the Cold War which it won thirty years ago so that it can lose that one too.

With the Democrats doing somewhat better than expected at the polls, war business should continue to grow in Washington, D.C. Most political commentators seem to think this is a good thing, when they think about it at all. Few seem to recall Ike’s warning that a military establishment of vast proportions is antithetical to democracy.

 

Finally, Israeli Prime Minister Benjamin Netanyahu calls US President-elect Joe Biden

Finally, Israeli President Reuven Rivlin and Prime Minister Benjamin Netanyahu called US President-elect Joe Biden on Tuesday, a week and a half after his victory in the presidential election. Netanyahu and Biden spoke for more than 20 minutes, and the Prime Minister’s Office said the conversation was warm. “The special relationship between the US and Israel is a fundamental part of Israel’s security and policy,” Netanyahu said.

Biden in turn thanked Netanyahu for congratulating him on his election win, according to his office, noting that he expects to work closely with Netanyahu in the future. Biden told Netanyahu he is deeply committed to the State of Israel and its security, according to the Prime Minister’s Office.

The two agreed to meet soon to discuss matters on the agenda and the need to strengthen the alliance between the US and Israel. The Prime Minister’s Office statement called Biden president-elect, which Netanyahu had previously not done.

Rivlin congratulated Biden on his election, saying he has “no doubt that under your leadership, the United States is committed to Israel’s security and success.” US-Israel “friendship is based on values that are beyond partisan politics,” Rivlin said. Biden thanked Rivlin for his congratulations and stated that he looks forward to working with Israel.

Rivlin touted the friendship between the two countries on three levels: First, that the US has no stronger ally than Israel; second, the great friendship between the Israeli and American people; and third, that “the president of the United States of America has no greater friend than the president of the State of Israel, as we have proven over the years.”

Rivlin also said he hoped Biden would work to build on the recently signed Abraham Accords and facilitate ties between Israel and more countries in the region. In addition, Rivlin invited Biden to Jerusalem and sent his regards to Vice President-elect Kamala Harris.

The statement about Netanyahu’s call came out 27 minutes after Rivlin’s office sent its statement. The Prime Minister’s Office said it was scheduled in advance and not in reaction to the president calling. A spokesman for Netanyahu was unaware of the timing and said Biden did not mention speaking to Rivlin first. The President’s Residence did not respond to inquiries about the timing of the call.

The delay of a week and a half in calling Biden, when other world leaders did so much sooner – and the 12-hour delay in Netanyahu releasing a congratulatory message after news outlets called Biden’s victory on November 7 – fueled speculation that the prime minister was trying to avoid angering President Donald Trump.

In his message to the cabinet the morning after, Netanyahu said, “I have a personal, long and warm connection with Joe Biden for nearly 40 years, and I know him to be a great friend of the State of Israel.” But he again stopped short of using the term president-elect.

At a press conference on Monday, Netanyahu would only say that Biden is “supposed to be appointed the next president.” Asked who won the US election by Galei Israel Radio on Tuesday, Netanyahu said: “Why do I have to express an opinion? They have their processes, their Electoral College.” “I will cooperate with the US administration, but stand up for our security,” he later said.

USD witnessing persistent selling

With 13 days until the US Presidential election, it is no surprise to see investors selling greenback. President Trump and Democratic presidential nominee Joe Biden are locked in a tight race. There are growing fears, if Biden wins by a narrow margin, Trump may not leave office willingly. 

Despite a raging second virus wave in many Eurozone nations, the common currency is on a tear. It is almost hard to believe that EUR/USD hit a one month high on Wednesday. Some of the biggest countries in Europe have implemented new restrictions and Europeans are staying at home as much as possible. This behavior will undoubtedly weigh on growth.

There have been some comments suggesting that the European Central Bank (ECB) is not ready to ease policies, but if the economy freezes up from a second wave, it will have no choice. The only reason EUR is strong is because of its attracting demand from investors selling USD. 

GBP also hit a one month high versus the greenback. Brexit deal hopes and mixed inflation data helped to lift the currency. Consumer prices rose in September, which was less than expected but stronger than the previous month. Producer prices beat expectations and rose at a faster pace. The durability of EUR and GBP rally will hinge upon Friday’s PMI reports.

Recently, the New Zealand and Australian currieries saw strong gains today on the back of USD weakness. There’s a very clear trend of improving NZ data and weakening AU data that should continue to drive these currencies lower.