A Collection of Interesting, Important, and Controversial Perspectives Largely Excluded from the American Mainstream Media
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Mike Whitney Archive
The Final Push
“Iraq’s fate was sealed from the moment we invaded: it has no future as a unitary state … Iraq is fated to split apart into at least three separate states…This was the War Party’s real if unexpressed goal from the very beginning: the atomization of Iraq, and indeed the entire Middle East. Their goal, in... [MORE]
Titanic Stock Bubble Fueled by Buyback Blitz
Why are stocks still flying-high when the smart money has fled overseas and the US economy has ground to a halt? According to Marketwatch: “For the eighth week in a row, long-term mutual funds saw more money flowing out of U.S. stocks and into international stocks, according to the Investment Company Institute……For the week ended... [MORE]
Would Freddie Gray be Dead If He was White?
“In its response to the eruption of police violence over the murder of Freddie Gray, the black political establishment, headed by the first African-American president, has shown itself exactly for what it is: corrupt, self-interested and utterly hostile to the interests and aspirations of the poor and workers, black and white.” — Andre Damon and... [MORE]
GDP Downer
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The world’s biggest economy ground to a standstill in the first quarter of 2015 wracked by massive job losses in the oil sector, falling personal consumption, weak exports and droopy fixed investment. Real gross domestic product (GDP), the value of the production of goods and services in the US, increased at an abysmal annual rate... [MORE]
In Search for an Alternative Source of Gas
“It is essential to recognize that Iran does not currently have a nuclear weapons program, nor does it possess a nuclear weapon. On February 26, James Clapper, the director of national intelligence, told the Senate Armed Services Committee that Ayatollah Khomenei, the supreme leader of Iran, ended his country’s nuclear weapons program in 2003 and... [MORE]
America's Start is Setting
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“The U.S. must show the leadership necessary to establish and protect a new order that holds the promise of convincing potential competitors that they need not aspire to a greater role or pursue a more aggressive posture to protect their legitimate interests…..We must, however, be mindful that…Russia will remain the strongest military power in Eurasia... [MORE]
Let Yemenis Determine Their Future
“The interventions of US imperialism, with the direct collaboration of the Saudi monarchy, have plunged the entire Middle East into chaos and bloodshed—from the destruction of Iraq, to the transformation of Libya into a militia-ravaged “failed state,” to the ongoing carnage inflicted upon Syria … This predatory imperialist offensive threatens to ignite a region-wide conflagration,... [MORE]
Only Moscow Can Stop It
“In order to survive and preserve its leading role on the international stage, the US desperately needs to plunge Eurasia into chaos, (and) to cut economic ties between Europe and Asia-Pacific Region … Russia is the only (country) within this potential zone of instability that is capable of resistance. It is the only state that... [MORE]
"Margin Call from Hell"
“There are no nations…. no peoples…. no Russians.. no Arabs…no third worlds…no West. There is only one holistic system of systems, one vast and immane, interwoven, interacting, multi-variate, multi-national dominion of dollars. Petro-dollars, electro-dollars, multi-dollars, reichmarks, rins, rubles, pounds, and shekels. It is the international system of currency which determines the totality of life on... [MORE]
Splitting the Atlantic Alliance
“The war has been provoked to destroy the Russian World, to draw Europe into it, and to surround Russia with hostile countries. Unleashing this world war, America is trying to deal with its own internal problems.” – Sergei Glazyev, Advisor to Russian President Vladimir Putin The fabrications of NATO’s top commander in Europe, General Philip... [MORE]
Get Vlad!
“The collapse of the Soviet Union removed the only constraint on Washington’s power to act unilaterally abroad…. Suddenly the United States found itself to be the Uni-power, the ‘world’s only superpower.’ Neoconservatives proclaimed ‘the end of history.'” — Paul Craig Roberts, former Assistant Secretary of the US Treasury “Don’t blame the mirror if your face... [MORE]
Varoufakis vs. the Troika
“Will the United States, Germany, the rest of the European Union, the European Central Bank, and the International Monetary Fund – collectively constituting the International Mafia – allow the new Greek leaders of the Syriza party to dictate the conditions of Greece’s rescue and salvation? The answer at the moment is a decided “No”. —... [MORE]
A Valiant Effort
“Though it’s happening to a stricken country, on the edge of Europe, the choices presented to Greece are being understood throughout Europe… Obey or leave.” — Paul Mason, Channel 4 News Blog It’s not easy to negotiate with a gun to your head. Nevertheless, that’s the situation Greek finance minister Yanis Varoufakis found himself in... [MORE]
The Battle Behind the Fog of Propaganda
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“There’s no city left. It’s destroyed.” — Anonymous Ukrainian soldier following the battle of Debaltsevo In less than a year, the United States has toppled the democratically-elected government of Ukraine, installed a Washington-backed stooge in Kiev, launched a bloody and costly war of annihilation on Russian-speaking people in the East, thrust the economy into a... [MORE]
Don't Tell Anyone in Berlin
“The ongoing dispute between the German and Greek governments is nothing less than a democratic revolution against German hegemony and the attempt of the Germans and their paladins in the EU to dictate Greek domestic policy.” –Mathew D. Rose, It’s a revolution, Stupid! Naked Capitalism “Germany is eating itself over Greece. It is eroding its... [MORE]
Monday's Deadline
Monday is a crucial deadline in Greece’s struggle against Brussels-imposed austerity. Eurozone finance ministers are set to meet in the morning to decide whether Greece has made sufficient progress on previous agreements to justify further support. The new leftist government of Greece, Syzira, has rejected provisions in the so-called bailout, saying that the loans have... [MORE]
Crunch Time in Minsk
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German Chancellor Angela Merkel and French President Francois Hollande flew to Moscow on Friday for an emergency meeting with Russian President Vladimir Putin to try to put an end to the spiraling bloodshed in East Ukraine. The negotiations lasted five hours and were held “without the presence of aides and officials” to ensure confidentiality and... [MORE]
The Real Reason Washington Feels Threatened by Moscow
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“I want to appeal to the Ukrainian people, to the mothers, the fathers, the sisters and the grandparents. Stop sending your sons and brothers to this pointless, merciless slaughter. The interests of the Ukrainian government are not your interests. I beg of you: Come to your senses. You do not have to water Donbass fields... [MORE]
Draghi's "No-growth" QE
Let’s say you’re diagnosed with colorectal cancer. But instead of going to a professional for help, you decide to treat yourself with glycerol suppositories and high doses of Vitamin C. Well, then, you’re probably going to die, right? This same rule applies to economics. If you try to reduce unemployment and boost growth by doing... [MORE]
If This Doesn't Make You Mad...
Why is the Fed threatening to raise interest rates when the economy is still in the doldrums? Is it because they want to avoid further asset-price inflation, prevent the economy from overheating, or is it something else altogether? Take a look at the chart below and you’ll see why the Fed might want to raise... [MORE]