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A Collection of Interesting, Important, and Controversial Perspectives Largely Excluded from the American Mainstream Media
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 Mike Whitney Archive / FeaturesBlogview
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The New York Times is currently engaged in one of its most ambitious projects: Removing a sitting president from office. In fact, Times columnist Nicolas Kristof even said as much in a recent article titled “How Can We Get Rid of Trump?” Frankly, it’s an idea that I find attractive, mainly because I think Trump’s... Read More
Photo by Ninian Reid | CC BY 2.0
Why is the Trump administration threatening Iran? On February 1, National Security Adviser Michael Flynn announced that the administration was “putting Iran on notice” after it tested a ballistic missile which the US sees as a violation of Iran’s treaty obligations. Flynn’s frigid tone made it clear that the administration is considering the use of... Read More
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It's amazing how Obama was able to dupe the American people into believing that the weakest expansion in the postwar era, was an "economic recovery." Frankly, it boggles the mind. Think about it for a minute: Productivity, business investment, personal consumption, inflation and growth have all been either sputtering-along at half speed or at historic... Read More
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The election of Donald Trump has sent millions of people pouring out onto the streets to protest a man they think is a racist, misogynist, xenophobic bully who will destroy US democracy in his quest to establish himself as supreme fascist ruler of the country. Maybe they’re right. Maybe Trump is a fascist who will... Read More
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Donald Trump wants to fundamentally change U.S. foreign policy. The President-elect wants to abandon the destabilizing wars and regime change operations that have characterized US policy in the past and work collaboratively with countries like Russia that have a mutual interest in fighting terrorism and establishing regional security. Here's an excerpt from the speech Trump... Read More
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Powerful elites are using the credibility of the US Intelligence agencies to demonize Russia and prepare the country for war. This is the real meaning of the “Russia hacking” story which, as yet, has not produced any hard evidence of Russian complicity. Last week’s 25-page report, that was released by the Director of National Intelligence... Read More
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Donald Trump has a plan for dealing with the stock market bubble. Make it bigger. Before the election candidate Trump blasted Federal Reserve chairman Janet Yellen for keeping interest rates too low for too long to keep the economy humming along while Obama was still in office. The president elect accused Yellen of being politically... Read More
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Why is the Fed creating incentives for US corporations to destroy themselves? Why is the Fed pushing insurance companies and retirement funds into bankruptcy? Why is the Fed raising interest rates when inflation is still well below its 2 percent target? Things are not always what they seem. In theory, the Fed’s low interest rates... Read More
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Trump’s economic plan has sent stocks ripping higher for six weeks straight. But what’s going to happen to stock prices when Congress gives Trump’s plan a big thumbs down? Has anyone thought about that yet? And what about the Fed? Does anyone seriously think that Fed chairman Janet Yellen is going to sit on her... Read More
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The neocon-driven propaganda campaign to prevent president-elect Donald Trump from taking office took an unexpected turn on Thursday when CBS posted an article claiming that Russian President Vladimir Putin personally authorized the alleged hacking of the DNC. According to the report: “American intelligence officials say they are convinced that Russian hacking of our presidential election... Read More
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The Democratic Party is doing incalculable damage to itself by shapeshifting into the party of baseless conspiracy theories, groundless accusations, and sour grapes. Hillary Clinton was already the most distrusted presidential candidate in party history. Now she’s become the de facto flag-bearer for the nutso-clique of aspiring propagandists at the CIA, the New York Times... Read More
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Will Donald Trump be good for the US economy? The American people seem to think so. According to a recent survey taken by Gallup “Americans have relatively high expectations (of) the president-elect… Substantial majorities (upward of 60%) believe the Trump administration will improve the economy and create jobs. A slim majority (52%) say he’ll improve... Read More
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In Donald Trump’s first four years as president, he will not only choose three judges for the Supreme Court, he’ll also pick five of the seven members on the Fed Board of Governors. It would be impossible to overstate the effect this is going to have on the nation’s economic future. With both houses of... Read More
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“For any minimally conscious American citizen, it is absolutely evident that Donald Trump is not only facing the mammoth Clinton political machine, but, also the combined forces of the viciously dishonest Mainstream Media.” -Boyd D. Cathey, “The Tape, the Conspiracy, and the Death of the Old Politics”, Unz Review “The election is absolutely being rigged... Read More
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“Last Wednesday, at a Deputies Committee meeting at the White House, officials from the State Department, the CIA and the Joint Chiefs of Staff discussed limited military strikes against the (Assad) regime … One proposed way to get around the White House’s long-standing objection to striking the Assad regime without a U.N. Security Council resolution... Read More
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Here’s your economics quiz for the day: Question 1– What do you think would happen if you put $3 trillion into the financial system? a–Stock prices would rise b–Stock prices would fall c–Stock prices would stay the same Question 2– What do you think would happen if you put $3 trillion into the economy? (Via... Read More
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Ceasefire Sabotage Triggers Major Offensive in Aleppo
“Syria is the summation of all the errors of a dysfunctional empire collapsing upon itself. History forgotten. Science ignored. Facts denied. Propaganda cannot hide that West is supporting and killing Islamists at the same time in a World War that risks escalating into a nuclear holocaust.” Vietnam Vet, comments-line, Sic Semper Tyrannis The attack on... Read More
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“Everything suggests that the attack…… was deliberately committed by forces inside the US government hostile to the ceasefire….Claims that US fighters were unaware of who they were bombing are simply not credible, and are flatly contradicted by other accounts in the media…” — Alex Lantier, World Socialist Web Site A rift between the Pentagon and... Read More
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“Secret cables and reports by the U.S., Saudi and Israeli intelligence agencies indicate that the moment Assad rejected the Qatari pipeline, military and intelligence planners quickly arrived at the consensus that fomenting a Sunni uprising in Syria to overthrow the uncooperative Bashar Assad was a feasible path to achieving the shared objective of completing the... Read More
Photograph courtesy of Munich Security Conference, distributed under a CC-BY 2.0 license.
The main architect of Washington’s plan to rule the world has abandoned the scheme and called for the forging of ties with Russia and China. While Zbigniew Brzezinski’s article in The American Interest titled “Towards a Global Realignment” has largely been ignored by the media, it shows that powerful members of the policymaking establishment no... Read More
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“Turkey is slowly leaving the Atlantic system. That is the reason behind this coup. That is the reason why NATO is panicking. This is much broader and much bigger than Erdogan. This is a tectonic movement. This will affect Turkish-Syrian relations, Turkish-Chinese relations, Turkish-Russian relations and Turkish-Iranian relations. This will change the world.” — Yunus... Read More
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“Those who expect to reap the blessings of freedom must undergo the fatigue of supporting it.” — Thomas Paine British voters delivered a savage deathblow to the EU corporate superstate on Thursday sending global markets tumbling and forcing Prime Minister David Cameron to announce his resignation. The narrow victory, which caught the prognosticators by surprise,... Read More
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On Tuesday, the 10-year German bund slipped into the bizarro-world of negative rates where lenders actually pay the government to borrow their money. Aside from turning capitalism on its head, negative rates illustrate the muddled thinking of central bankers who continue to believe they can spur growth by reducing the cost of cash. Regrettably, the... Read More
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A couple weeks ago the Wall Street Journal confirmed our worst fears about the student loan program, that is, that it was going to blow up in the government’s face just like all the other gigantic debt-bubbles that preceded it. For the sake of background, here’s a brief excerpt from the article that will bring... Read More
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What’s the biggest difference between “socialist-lite” candidate, Bernie Sanders, and a political heavyweight like Huey Long? For one thing, Long didn’t mind bending the rules. After his scuffle with Standard Oil, (Note: The Louisiana legislature tried to impeach Long after he threatened to raise taxes by $.05 on every barrel of oil refined in the... Read More
Is there a conspiracy to keep wages from rising or is it just plain-old class warfare? Check out these charts from a recent report by Deutsche Bank and see what you think: (Feeling Underpaid, Zero Hedge) Well, what do you know? Everywhere the global bank cartel has its tentacles, wages are either flatlining or drifting... Read More
What do you think this chart means? (The post-recession economy is worse than we thought, Fortune) It means the U.S. economy is in the throes of the lousiest recovery since World War 2. “But how can that be”, you ask? “After all, hasn’t the Fed kept interest rates at zero for seven years while hosing... Read More
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Last week, European Central Bank chief Mario Draghi announced a much bigger and wider-ranging stimulus package than anyone had expected. Unfortunately, the ECB’s bond buying program will have no impact on employment, business investment, inflation, lending or growth. It will, however, create a temporary incentive for corporations to buy back more of their own shares... Read More
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The Bank for International Settlements (BIS) is worried that recent ructions in the equities markets could be a sign that another financial crisis is brewing. In a sobering report titled “Uneasy calm gives way to turbulence” the BIS states grimly: “We may not be seeing isolated bolts from the blue but the signs of a... Read More
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Let’s say you lend your brother-in-law, Pauli, 5,000-bucks so he can get his fledgling construction business off-the-ground. Then, you find out a week later that ‘good-old Pauli’ has shot the wad playing the horses at Long-acres and buying cocktails for his loafer-friends at Matt’s Mad Dog tavern? Would you feel like you’d been ripped off?... Read More
Why is the economy barely growing after seven years of zero rates and easy money? Why are wages and incomes sagging when stock and bond prices have gone through the roof? Why are stocks experiencing such extreme volatility when the Fed increased rates by a mere quarter of a percent? It’s the policy, stupid. And... Read More
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2016 started with a thud on Monday when news from China sent global stocks into freefall. The Shanghai index plunged 242 points before a system-wide circuit breaker kicked in and trading was halted. All three major US indices followed Asia’s downward slide with the Dow Jones leading the pack with a triple-digit loss on the... Read More
“It is remarkable that western leaders only remember the term ceasefire when their rebels on the ground are losing. Why didn’t they see the need for peace in Syria before the Russian operation started?” — Iyad Khuder, Damascus-based political analyst Imagine if the American people elected a president who was much worse than George W.... Read More
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Would you be willing to defend your country against a foreign invasion? That’s all Putin is doing in Syria. He’s just preempting the tidal wave of jihadis that’ll be coming his way once the current fracas is over. He figures it’s better to exterminate these US-backed maniacs in Syria now than face them in Chechnya,... Read More
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What is the connection between the US bombing of a Syrian military base in Ayyash, Syria, and the Turkish invasion of northern Iraq? Both of these seemingly isolated events are part of a larger plan to Balkanize the Middle East, to strengthen Washington’s grip on dwindling resources, to draw Russia into a costly and protracted... Read More
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Three questions about Paris: 1) Was the over-the-top, no-holds-barred, 24-7 media blitz really an attempt to keep the public informed about a critically important event or was the coverage geared to pressure President Obama into sending ground troops to Syria? 2) Is Obama’s excuse for not putting boots on the ground in Syria to fight... Read More
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Can someone explain to me why President Obama decided to announce that he’s going to deploy U.S. Special Forces to Syria on the same day that Secretary of State John Kerry was scheduled to meet with Russian and Iranian diplomats to discuss how to end the four and a half year-long war? What was that... Read More
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Thousands of Iranian soldiers have arrived in Syria to join a major offensive against Sunni militants located in the northwest section of the country. The Iranian ground forces will be part of a joint operation that will include the Syrian Arab Army (SAA), Russia and fighters from Lebanese militia, Hezbollah. The assault comes on the... Read More
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Russia doesn’t want to fight a war with Turkey, so Russian generals devised a simple, but effective plan to discourage Turkey from taking any action that could lead to a clash between the two nations. Last week, Russian warplanes intruded into Turkish airspace twice. Both incidents caused consternation in Ankara and send Turkish leaders into... Read More
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On Monday, Russian President Vladimir Putin delivered a blistering critique of US foreign policy to the UN General Assembly. On Tuesday, Barack Obama shoved a knife in Putin’s back. This is from Reuters: “France will discuss with its partners in the coming days a proposal by Turkey and members of the Syrian opposition for a... Read More
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Imagine your doctor put you on a daily dose of oxycontin, phenobarbital and Quaaludes for six years straight. Then he suddenly cancelled your prescription. Do you think your behavior might become a bit erratic? This is what’s going on with the stock market. It’s trying to shake off six years of overmedication brought on by... Read More
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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
“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
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
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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
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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
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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
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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