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The Unz Review: An Alternative Media Selection

A Collection of Interesting, Important, and Controversial Perspectives Largely Excluded from the American Mainstream Media
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 Mike Whitney Archive
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“Had the economy been fundamentally sound in 1929 the effect of the great stock market crash might have been small…. But business in 1929 was not sound; on the contrary it was exceedingly fragile. It was vulnerable to the kind of blow it received from Wall Street. Those who have emphasized this vulnerability are obviously... Read More
Corporations are taking the retirement savings of elderly public employees and using them to inflate their stock prices so wealthy CEOs and their shareholders can enrich themselves at the expense of their companies. And it’s all completely legal. Under current financial regulations, corporate bosses are free to repurchase their own company’s shares, push stock prices... Read More
“Not only is the equity market at the second most overvalued point in U.S. history, it is also more leveraged against probable long-term corporate cash flows than at any previous point in history.” — John P. Hussman, Ph.D. “Debt-Financed Buybacks Have Quietly Placed Investors On Margin“, Hussman Funds “This year feels like the last days... Read More
“The US and it’s allies want to keep this monster (ISIS) in check, but they don’t want to destroy it. All their military, political and media campaigns are smokescreens. What the West has done so far has strengthened terrorism not ended it. The proof of this is the fact that terrorism has spread everywhere, its... Read More
Moscow’s geostrategic objectives in Syria are the polar opposite of Washington’s. Grasping this simple fact is the easiest way to get a fix on what’s really going on in the war-torn country. What Washington wants is explained in great detail in a piece by Michael E. O’Hanlon at the Brookings Institute titled “Deconstructing Syria: A... Read More
The people who own this country don’t like euthanizing one of their own. But they’ll do it in heartbeat if they think their world of privilege, patronage and power is at risk. Last Thursday, Donald Trump overstepped his bounds and crossed a line. In off-the-cuff remarks to a Fox moderator during the GOP presidential debates,... Read More
Last night’s FOX News GOP Presidential Debate Extravaganza featured the most riveting two minute political exchange ever heard on national television. During a brief colloquy between Republican frontrunner Donald Trump and Fox moderator Brett Baier, the pugnacious casino magnate revealed the appalling truth about the American political system, that the big money guys like Trump... Read More
Here’s your US foreign policy puzzler for the day: When is regime change not regime change? When the regime stays in power but loses its ability to rule. This is the current objective of US policy in Syria, to undermine Syrian President Bashar al Assad’s ability to govern the country without physically removing him from... Read More
Turkish President Recep Tayyip Erdoğan lost his bid to become Turkey’s supreme leader in last month’s elections. So he’s taken the country to war to increase his popularity and improve his chances of victory in snap elections in November. Turkish bombers continued to pound Kurdish positions in Northern Iraq early Thursday after killing an estimated... Read More
The Kurdish militias (YPG, PKK) have been Washington’s most effective weapon in the fight against ISIS in Iraq and Syria. But the Obama administration has sold out the Kurds in order to strengthen ties with Turkey and gain access to Turkey’s Incirlik Air Base. The agreement to switch sides was made in phone call between... Read More
“Today we know that the risk of heart attack and stroke may occur early in treatment, even in the first weeks … “There is no period of use shown to be without risk,” says Judy Racoosin, M.D., M.P.H., deputy director of FDA’s Division of Anesthesia, Analgesia, and Addiction Products.” – FDA website In case you... Read More
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“The European Union is quietly increasing the urgency of a plan to import natural gas from Iran as relations with Tehran thaw (and) those with top gas supplier Russia grow colder.” “EU turns to Iran as alternative to Russian gas,” EA. The Iran nuclear agreement has less to do with proliferation than it does with... Read More
There’s been a virtual blackout of news from this year’s seventh annual BRICS summit in Ufa, Russia. None of the mainstream media organizations are covering the meetings or making any attempt to explain what’s going on. As a result, the American people remain largely in the dark about a powerful coalition of nations that are... Read More
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Here Come the Daisycutters
On Wednesday, the Pentagon released its 2015 National Military Strategy, a 24-page blueprint for ruling the world through military force. While the language in the report is subtler and less incendiary than similar documents in the past, the determination to unilaterally pursue US interests through extreme violence remains the cornerstone of the new strategy. Readers... Read More
Why the PCR Won't Get Sucked Into a Pointless War with the United States
“China is reaching deep within the world island in an attempt to thoroughly reshape the geopolitical fundamentals of global power…… Its two-step plan is designed to build a transcontinental infrastructure for the economic integration of the world island from within, while mobilizing military forces to surgically slice through Washington’s encircling containment…….If China succeeds in linking... Read More
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Carter Takes Over
“Since its founding, the United States has consistently pursued a grand strategy focused on acquiring and maintaining preeminent power over various rivals, first on the North American continent, then in the Western hemisphere, and finally globally.” Robert D. Blackwill and Ashley J.Tellis, Revising U.S. Grand Strategy Toward China, The Council on Foreign Relations Special Report,... Read More
The New Silk Route/Silk Road. Credit: NASA/Goddard Space Flight Center, Wikimedia Commons
The Skirmish in the Spratlys
“Washington is not looking for peace or war. They’re looking for domination. If they can achieve domination peacefully – that’s fine. If they can’t, they’ll use war. It’s that simple.” William Blum, Interview with Russia Today “The U.S. is frantically surrounding China with military weapons, advanced aircraft, naval fleets and a multitude of military bases... Read More
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Pivot Insanity
US Secretary of Defense Ashton Carter is willing to risk a war with China in order to defend “freedom of navigation” in the South China Sea. Speaking in Honolulu, Hawaii on Wednesday, Carter issued his “most forceful” warning yet, demanding “an immediate and lasting halt to land reclamation” by China in the disputed Spratly Islands.... Read More
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... Read 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... Read 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... Read More
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GDP Downer
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... Read 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... Read More
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America's Start is Setting
“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... Read 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,... Read 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... Read 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... Read 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... Read 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... Read 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”. —... Read 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... Read More
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The Battle Behind the Fog of Propaganda
“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... Read 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... Read 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... Read More
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Crunch Time in Minsk
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... Read More
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The Real Reason Washington Feels Threatened by Moscow
“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... Read 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... Read 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... Read More
Down the Plughole
Growth of Real Hourly Compensation for Production/Nonsupervisory Workers and Productivity, 1948–2011 Is America in the throes of a class war? Look at the chart and decide for yourself. It’s all there in black and white, and you don’t need to be an economist to figure it out. But, please, take some time to study the... Read More
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Bravo!
“If undercharging for energy products occurs deliberately, it also effects those who introduce these limitations. Problems will arise and grow, worsening the situation not only for Russia but also for our partners.” – Russian President Vladimir Putin It’s hard to know which country is going to suffer the most from falling oil prices. Up to... Read More
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Did the U.S. and the Saudis Conspire to Push Down Oil Prices?
“Saudi oil policy… has been subject to a great deal of wild and inaccurate conjecture in recent weeks. We do not seek to politicize oil… For us it’s a question of supply and demand, it’s purely business.” – Ali al Naimi, Saudi Oil Minister “There is no conspiracy, there is no targeting of anyone. This... Read More
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Barbarossa 2
“The plunge of the Russian currency this week is the drastic outcome of policies implemented by the major imperialist powers to force Russia to submit to American and European imperialism’s neo-colonial restructuring of Eurasia. Punishing the Putin regime’s interference with their plans for regime change in countries such as Ukraine and Syria, the NATO powers... Read More
US-Saudi Subterfuge Send Stocks and Credit Reeling
“John Kerry, the US Secretary of State, allegedly struck a deal with King Abdullah in September under which the Saudis would sell crude at below the prevailing market price. That would help explain why the price has been falling at a time when, given the turmoil in Iraq and Syria caused by Islamic State, it... Read More
Shale Leads the Way
Crude oil prices dipped lower on Wednesday pushing down yields on US Treasuries and sending stocks down sharply. The 30-year UST slipped to a Depression era 2.83 percent while all three major US indices plunged into the red. The Dow Jones Industrial Average (DJIA) led the retreat losing a hefty 268 points before the session... Read More
Putin Gobsmacks Obama and Euro-Leaders with Surprise Gas Deal
On Monday, Russian President Vladimir Putin clinched a groundbreaking deal with Turkish President Recep Tayyip Erdoğan that will strengthen economic ties between the two nations and make Turkey the major hub for Russian gas in the region. Under the terms of the agreement, Russia will pump additional natural gas to locations in central Turkey and... Read More
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Ukraine War Driven by Gas-Dollar Link
“The Fed’s ‘need’ to take on an even more active role as foreigners further slow the purchases of our paper is to put the pedal to the metal on the currency debasement race now being run in the developed world — a race which is speeding us all toward the end of the present currency... Read More
Does the Name "Strauss-Kahn" Ring a Bell?
The International Monetary Fund has finally admitted that it was wrong to recommend austerity as early as it did in 2010-2011. The IMF now agrees that it should have waited until the US and EU economies were on a sustainable growth-path before advising them to trim their budget deficits and reduce public spending. According to... Read More
The Double Whammy
Japanese stocks suffered their biggest one-day plunge in more than four months following an announcement that the world’s third biggest economy had slipped back into recession. The two consecutive quarters of negative growth were triggered by an increase in the sales tax that was implemented by Prime Minister Shinzo Abe in April. The VAT tax... Read More
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It's No Accident
2014 was a banner year for Afghanistan’s booming opium industry. According to a United Nations annual survey released on Wednesday, opium cultivation set a record in 2014, increasing by an impressive 7 percent year-over-year and up nearly 50 percent from 2012. Afghanistan presently produces 80 percent of the world’s heroin which provides billions of dollars... Read More
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Grab a Pitchfork
“The Republican victory does not represent a shift by the American population to the right, but demonstrates the bankrupt and reactionary character of the Democratic Party and the mass disillusionment with the Obama administration. In the absence of any progressive alternative to the two right-wing, corporate-controlled parties, the majority of potential voters stayed home. Voter... Read More