A Collection of Interesting, Important, and Controversial Perspectives Largely Excluded from the American Mainstream Media
Mike Whitney ArchiveColumn Archive
Do Tumbling Buybacks Signal Another Market Crash?
“Frankly, we are so far off the economic rails, the locomotive is stuck in a swamp and the trailing cars are piling up around it.” Anonymous, Comments line, Naked Capitalism Since the end of the recession in 2009, investors have borrowed a record amount of money to finance their stock acquisitions. According to the Financial… [MORE]
Unbelievable. On Wednesday, stocks were hammered after economic data showed that the US and global economies were headed for a major slowdown. By mid-day, the Dow was down 460 points before clawing its way back to minus 173 points. It looked like the market was set for another triple-digit flogging on Thursday when the Fed… [MORE]
In the Blink of an Eye
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“Financial markets are faced with uncertainty that isn’t going away. The slowdown in Europe is probably in the early innings, the Fed hasn’t begun to raise interest rates, and geopolitical crises seem to pop up by the day.” Jeff Cox, Finance editor, CNBC Six years of zero rates and trillions of dollars of asset purchases… [MORE]
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The Saker is an ex-military analyst who was born in Europe to a family of Russian refugees. He now lives in Florida where he writes theVineyard of the Saker blog and is a regular contributor to Russia Insider. The international community of Saker Blogs includes, besides the original Saker blog, French, German, Russian, Oceania and… [MORE]
"Don't Do Stupid Shit"
The ISIS siege of Kobane continued overnight while cities across Turkey were set ablaze by Kurdish protestors. At least 19 civilians were killed by Turkish riot police who were trying to disperse angry crowds that had gathered to protest the government’s unwillingness to defend the predominantly Kurdish city. According to Hurriyet, “The worst violence was… [MORE]
The University of Al-Qaeda?
“Since 2003, Anglo-American power has secretly and openly coordinated direct and indirect support for Islamist terrorist groups linked to al-Qaeda across the Middle East and North Africa. This ill-conceived patchwork geostrategy is a legacy of the persistent influence of neoconservative ideology, motivated by longstanding but often contradictory ambitions to dominate regional oil resources, defend an… [MORE]
Why the Real Target is Assad Not ISIS
Invoking the same ominous language as his predecessor, Barack Obama used a prime time presidential address on Wednesday to announce the beginning of a war on Syria. And while there’s no doubt that many Americans will be confused by Obama’s misleading focus on the terrorist organization named ISIL, the real purpose of the speech was… [MORE]
U.S. Meddling Dims Prospects for Peace
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“It’s Uncle Sam who’s pushing us into this slaughter. And let’s be frank, many politicians in Ukraine are just following his orders.” – Belarusian President Alexander Lukashenko The Minsk Ceasefire Protocol has very little chance of succeeding. In fact, the meeting between the warring parties was not convened to stop the violence as much as… [MORE]
Obama Begs for More War
“In the implementing of their policies, our western partners– the United States first and foremost – prefer to be guided not by international law, but by force. They believe in their own ‘exceptionalism’, that they are allowed to decide on the fate of the world, and that they are always right.” – Russian President Vladimir… [MORE]
The Downing of Malaysia Flight 17
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“There is no innocent explanation for the sudden disappearance of MH17 from the media and political spotlight. The plane’s black box has been held in Britain for examination for weeks, and US and Russian spy satellites and military radar were intensively scanning east Ukraine at the time of the crash. The claim that Washington does… [MORE]
Washington's "Pivot" hits a Brick Wall
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“We are currently witnessing an epic and historic event. The Ukrainian regular army and the punitive battalions are suffering a catastrophic defeat to the south of Donetsk…..It still is not quite clear how the Junta intends to avoid a complete defeat here…. By squandering the most combat-capable brigades in systematic offensive operations, the Junta sustained… [MORE]
The Sergei Glaziev Interview
If you want to understand what is going on in Ukraine, then you need to watch this 15 minute video with Putin advisor and friend, Sergei Glaziev. Glaziev explains how structural changes in the global economy and a shift to Asia have precipitated a desperate attempt by US policymakers to maintain their grip on power… [MORE]
Et Tu, Mullah?
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On Thursday, Ukraine’s parliament passed a law that will allow foreign investors to lease up to 49 percent of Ukraine’s transit pipelines and underground gas storage facilities. The bill, which had failed to pass just weeks earlier, was approved by the slimmest of margins, 2 votes, suggesting that there might have been some arm twisting… [MORE]
Standing in Washington's Way
The Obama administration is pushing for regime change in Iraq on the basis that current prime minister Nouri al Maliki is too sectarian. The fact is, however, that Maliki’s abusive treatment of Sunnis never factored into Washington’s decision to have him removed. Whether he has been “too sectarian” or not is completely irrelevant. The real… [MORE]
The Latest in the New Cold War
“History shows that the United States has benefited politically and economically from wars in Europe. The huge outflow of capital from Europe following the First and Second World Wars, transformed the U.S. into a superpower … Today, faced with economic decline, the US is trying to precipitate another European war to achieve the same objective.”…… [MORE]
The Second Aircraft
“From start to finish, the Ukraine crisis has been instigated by US imperialism. Every action Washington has taken has been directed at exacerbating and intensifying this crisis. The longer this crisis goes on, the clearer it becomes that US policy is directed not so much at Ukraine as at Russia itself. Ukraine, it would seem,… [MORE]
Something Sinister Going On?
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“Recent history has repeatedly proven that nothing said by Washington and its officials should be accepted at face value. No other government in the world has been implicated in so many egregious lies as the United States.” Bill Van Auken, “US lies and hypocrisy on Gaza and Ukraine“, World Socialist Web Site “Mendaci neque quum… [MORE]
Putin Knows What Happened to MH17, But He's Not Saying--Yet ....
”We have repeatedly called on all parties to immediately stop the bloodshed and sit down at the negotiating table. We strongly believe that if military action in the East of Ukraine had not been renewed on the 28th of June, this tragedy wouldn’t have happened. However, no one has the right to use this tragedy… [MORE]
Troublemaking Washington
“The unipolar world model has failed. People everywhere have shown their desire to choose their own destiny, preserve their own cultural identity, and oppose the West’s attempts at military, financial, political and ideological domination.” - Vladimir Putin “While the human politics of the crisis in Ukraine garner all the headlines, it is the gas politics… [MORE]
Class Warfare Saps the Economy
By every objective standard, Abenomics has been a complete flop. Household spending has plunged, wages have dropped for 23 months in a row, inflation is on the rise, the number of workers who can only find part-time jobs has ballooned to 38 percent, and most economists now expect 2nd quarter GDP to shrink to minus… [MORE]