Collapse of energy, food, transportation systems prompt calls for government nationalization of industries – Echoes 1930s push for Great Reset style reforms
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Climate Depot ^
| September 21, 2022 | Marc Morano -
Morano: The modus operandi of the Great Reset (AKA Build Back Better) is to intentionally collapse the current system with policies designed to create a crisis, havoc, and shortages. ... Once the inevitable societal chaos ensues, a huge coordinated push to promote nationalization or government takeover of the impacted industries ensues. It
is always claimed that the "free market" failed, and now only government can come in and clean up the mess. The advocates of nationalization usually bill it as a "temporary" nationalization of the industries, much like "15 days to slow the spread" or "2 weeks to flatten the...
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Germany mulls nationalization of Gazprom, Rosneft units - Handelsblatt
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MSN ^
| 3/31/2022 | Reuters
The German economy ministry is considering expropriation of Gazprom and Rosneft units in the country amid concerns about security of energy supply, business daily Handelsblatt reported on Thursday, citing government sources. The
discussions between top ministry officials and Chancellor Olaf Scholz aim to prevent massive power cuts if either of these companies, which are systemically important for Germany, gets into difficulties, the newspaper reported. Both companies are irreplaceable on the German energy market with Gazprom Germania operating large gas storage facilities and Rosneft Deutschland being a key player in the petrol, diesel and kerosene refinery markets, Handelsblatt reported.
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China Moves Towards Nationalization With Probe Into Alibaba
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Radio Free Asia ^
| 12/25/20 | Reported by Qiao Long for RFA's Mandarin Service. Translated and edited by Luisetta Mudie.
The ruling Chinese Communist Party (CCP) has taken further steps to curb e-commerce giant Alibaba with the launch of an antitrust investigation into the tech company headed by tycoon Jack Ma. "Based on tip-offs received by the State Administration for Market Regulation in recent days, the administration will be investigating Alibaba ...
for suspected monopolistic activities," the administration said in a statement on its website. The statement was reportedly linked to a policy forcing sellers using Alibaba.com to commit to using that platform exclusively, preventing them from also using rival platforms JD.com and Pinduoduo. Alibaba issued a statement saying it...
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Airline Aid Shouldn’t Become Back-Door Nationalization
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Townhall.com ^
| April 3, 2020 | Ross Marchand
Of all the industries feeling the fallout of the Coronavirus pandemic, America’s airlines are likely the hardest hit. The
Transportation Security Administration estimates that air traffic is down 90 percent as President Trump is purportedly considering domestic travel restrictions on top of the international bans already put in place. Congress sensibly stepped in to protect the struggling airline industry in the Coronavirus Aid, Relief, and. Economic Security (CARES) Act, providing aviation businesses $29 billion in loans and loan guarantees and $32 billion in direct grants to defray payroll costs. But in exchange, Congress empowered the federal government to demand access...
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Coronavirus forces EU leaders to weigh nationalization options
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Deutsche Welle ^
| 03.19.2020 | Thomas Kohlmann
Italy has recapitalized its airline Alitalia, and France is considering similar moves to rescue affected companies. Now
even Germany seems ready to use the ultimate weapon in the coronavirus battle: nationalization.Italy has stepped up efforts recently to keep its bankrupt flagship carrier Alitalia afloat, with a new €600-million ($647 million) loan under discussion as part of a plan to renationalize the airline. Meanwhile, the government in Paris has announced that the state would intervene in any way necessary to protect the country’s economic assets, with Finance Minister Bruno Le Maire saying that this could include capitalizing corporations or taking stakes...
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De Blasio: Coronavirus ‘Is a Case for’ ‘Nationalization of Crucial Factories and Industries’
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Breitbart ^
| 3/14/2020 | Ian Hanchett
On Saturday’s broadcast of MSNBC’s “AM Joy,” New York City Mayor Bill de Blasio (D) stated that the coronavirus outbreak is a case for “a nationalization of crucial factories and industries that could produce the medical supplies to prepare this country for what we need.”
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The Socialist Evolution of Bernie Sanders. He favored nationalization of industry in the 1970s, and he defended Ortega and Cuba in the 1980s.
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Wall Street Journal ^
| February 2, 2020 | Elliot Kaufman
Agree or disagree with Bernie Sanders, at least he’s consistent—or so he claims. “Having
a long record,” the Vermont senator said in October, “gives people the understanding that these ideas that I’m talking about—they are in my guts. They are in my heart. This is who I am as a human being, and it ain’t gonna change.” That’s true up to a point. During half a century in public life, Mr. Sanders has dependably denounced “oligarchy” and proclaimed himself a “democratic socialist.” But his definition of the term has radically changed. Last year he said his goal was “an economy...
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UK Elections: Labour Trails Tories As Jeremy Corbyn Promises Nationalization Of Industries
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Hotair ^
| 11/19/2019 | John Sexton
The British election takes place on December 12th and most polls show the Labour Party led by Jeremy Corbyn trailing Boris Johnson’s Tories. In fact, the most recent poll shows the Tories with an 18 point lead. But
things could change dramatically over the next few hours as Johnson and Corbyn debate each other on television. CNN reports that going into the debate with the lead means the pressure will be on Johnson: For the Prime Minister, who enjoys a lead in opinion polls and is preparing to hammer home his well-worn Brexit message, tonight’s debate represents both a...
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Sanders Calls for Nationalization of Energy Production — ‘Can’t Nibble Around the Edges’
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Breitbart ^
| 23 August 2019 | Jeff Poor
On Thursday’s “All In” on MSNBC, Sen. Bernie Sanders (I-VT) outright admitted to host Chris Hayes a federal government takeover of energy production would be required by his plan to combat climate change. Hayes
raised the possibility of an extension of some form of the Tennessee Valley Authority. Sanders responded by saying it would require government-manufactured electricity “from solar and from wind and from other sustainable energies.” Partial transcript as follows:
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Bernie Sanders in the 1970s urged nationalization of most major industries
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CNN ^
| March 14, 2019 | Andrew Kaczynski and Nathan McDermott
Bernie Sanders advocated for the nationalization of most major industries, including energy companies, factories, and banks, when he was a leading member of a self-described "radical political party" in the 1970s, a CNN KFile review of his record reveals. Sanders'
past views shed light on a formative period of his political career that could become relevant as he advances in the 2020 Democratic primary. Many of the positions he held at the time are more extreme compared to the more tempered democratic socialism the Vermont senator espouses today and could provide fodder for moderate Democrats and Republicans looking to cast...
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All Five FCC Commissioners Have Come Out Against The Nationalization Of 5G
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Daily Caller ^
| 1/29/18 | Eric Lieberman
All five commissioners for the Federal Communications Commission (FCC) came out Monday against the idea of the federal government building out technical networks for the next generation of wireless technology simply known as 5G.“I oppose any proposal for the federal government to build and operate a nationwide 5G network,” FCC Chairman Ajit
Pai, a Republican, said in a statement. “The main lesson to draw from the wireless sector’s development over the past three decades—including American leadership in 4G—is that the market, not government, is best positioned to drive innovation and investment.”“A network built by the federal government, I fear, does...
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UN Announces Support for Obama's Nationalization of Police
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The New American ^
| 8/5/2016 | Alex Newman
After recently demanding everything from “robust gun control” and reparations for slavery to constitutional amendments altering the supreme law of the land, the United Nations has now publicly endorsed the Obama administration's illegal efforts to federalize America's local police departments. A
UN official also offered to provide “technical assistance” to the U.S. government in implementing its radical demands. Specifically, a UN official from Kenya touted one of the many schemes used by the White House to impose unconstitutional federal regulations on local law enforcement. Dubbed “consent decrees,” the plot involves extremist bureaucrats at the Obama Justice Department threatening, bullying, and...
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Academics Resist Nationalization… Of Their Endowments
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Accuracy in Academia ^
| April 23, 2016 | Malcolm A. Kline
Normally, professors and college administrators see no end to their ever-expanding list of things that are "too important to be left to the free market." Apparently,
even they have their limits. When two professors from the University of Illinois at Chicago and Northeastern Illinois University suggested that universities could share and redistribute their own wealth, Brian C. Mitchell of the American Association of University Professors (AAUP) used the Academe blog maintained by the AAUP to dissect the idea. "These professors decry the University of Chicago’s endowment as 'wealth hoarding,' arguing that if the government seized the University's endowment and spread...
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The Reverend Sharpton Calls for the Nationalization of Police --
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Rush Limbaugh.com ^
| May 1, 2015 | Rush Limbaugh
RUSH: We obviously start in Baltimore today with the Baltimore state attorney, Marilyn Mosby, a press conference a little over an hour ago, announcing that six officers are going to be charged with varying degrees of second-degree murder and manslaughter in the transportation death -- ah, ah, ah -- in the death
of Freddie Gray. Now, many people are wondering what is really going on here. I would like to explain to you. I would like for somebody else to explain to you in one sound bite what is going on here. This is yesterday and the National Action Network...
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Greece Said To Prepare "Grexit", Drachma, Bank Nationalization Plans
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zero hedge ^
| 04/03/2015 | Tyler Durden
On Thursday morning, we took an in-depth look at what the progression of events is likely to be in the event a cash-strapped, negotiation-weary Greece finally, for lack of will or for lack of options, fails to scrape together enough cash to pay its creditors. As
BofAML notes, a missed IMF payment and/or failure to make interest payments to either the ECB or private creditors over the coming weeks would likely lead to default within 30 days, at which point "mark-to-fantasy" becomes mark-to-market and then "mark-to-default" in very short order. Although Greek officials came out midday with a “categorical” denial...
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Another step down the long, slow road to IRA nationalization
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The Sovereign Man ^
| 01/31/2015 | Simon Black
LetÂ’s take a brief walk into financial reality for a moment.At the time of this writing, the United States governmentÂ’s official debt is nearly $18.1 trillion.Now,
letÂ’s look at who the biggest owners of that debt are:1) Taxpayers of the United States.If youÂ’ve held a job in the Land of the Free, 15.3% of your salary has gone to fund Social Security and Medicare.Each of these programs holds massive trust funds that are supposed to pay out beneficiaries, both present and future.Conveniently, the trust funds are required by law to buy US government debt.And given that every single US taxpayer...
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Venezuela Ordered To Pay Exxon $1.6B For Nationalization
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Reuters via Rig Zone ^
| October 09, 2014 | Corina Pons & Alexandra Ulmer
A World Bank arbitration tribunal on Thursday ordered Venezuela to pay Exxon Mobil Corp around $1.6 billion to compensate for the 2007 nationalization of its oil projects in the country. The
amount is far below the up to $10 billion that Exxon had originally sought and the $6 billion at which the World Bank's International Centre for Settlement of Investment Disputes (ICSID) capped the case, excluding a tax claim. "The Tribunal has found that the expropriation was conducted in accordance with due process, that it was not carried out contrary to undertakings given to the claimants in this respect and...
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