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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On taking the oath of office, Jan. 20, Joe Biden may not have realized it, but history had dealt him a pair of aces. The COVID-19 pandemic had reached its apex, infecting a quarter of a million Americans every day. Yet, due to the discovery and distribution of the Pfizer and Moderna vaccines, the incidence... Read More
Donald Trump may soon look back at his defeat as the best thing that ever happened to him. The former president has been disgraced and double-impeached, and faces criminal prosecution. Fortunately for him, he slipped out of Washington, D.C., just in time to avoid the blame for an economic catastrophe no one can fix. No... Read More
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The U.S. is Saving the Financial Sector, not the Economy
Before juxtaposing the U.S. and alternative responses to the corona virus’s economic effects,[1] I would like to step back in time to show how the pandemic has revealed a deep underlying problem. We are seeing the consequences of Western societies painting themselves into a debt corner by their creditor-oriented philosophy of law. Neoliberal anti-government (or... Read More
Protestors demonstrate outside of a burning fast food restaurant, Friday, May 29, 2020, in Minneapolis. Protests over the death of George Floyd, a black man who died in police custody Monday, broke out in Minneapolis for a third straight night. (AP Photo/John Minchillo)
The American people are under attack, the country is under attack, and democracy is under attack. At present, the enemy is conducting a three-pronged assault on the presidency the objective of which is to remove the existing administration and install their own sock-puppet replacement. This has been the goal from the very beginning although the... Read More
swedishcovidmw
While the Covid-19 epidemic continues to drag on in the United States, it's largely over in Sweden where fatalities have dropped to no more than 2 deaths per day for the last week. Sweden has been harshly criticized in the media for not imposing draconian lockdowns like the United States and the other European countries.... Read More
The $600 dollar federal unemployment subsidy provided by the CARES Act ends July 31st, but it has already changed the lives of 10s of millions of working people for the better. While the additional money was meant to supplement the median income during the lockdown, the Ways and Means Committee found that five out of... Read More
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A common topic around the web is whether automation will drastically increase unemployment. The usual scholarly answer is only a bit, and conservatives often insist that new jobs will always be found. Actually, automation has already created much joblessness. It continues to do so. We don’t notice because we have disguised the unemployment. Consider. In... Read More
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The imposition of the nationwide lockdowns required elite consensus. There's no way that a project of that magnitude could have been carried out absent the nearly universal support of establishment elites and their lackeys in the political class. There must have also been a fairly-detailed media strategy that excluded the voices of lockdown opponents while--... Read More
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Have you noticed the peculiar fact that despite the lockdown, the economic crisis, tens of millions unemployed and multiple corporations filing for bankruptcy, Wall Street is having a ball? CNBC‘s Jim Cramer examined this anomaly earlier a few days ago, his verdict: “we're looking at a V-shaped recovery in the stock market, and that has... Read More
With the specter of a New Great Depression hovering over most of the planet, realpolitik perspectives for a radical change of the political economy framework we live in are not exactly encouraging. Western ruling elites will be deploying myriad tactics to perpetuate the passivity of populations barely emerging from de facto house arrest, including a... Read More
Economic activity across the country has collapsed, GDP is shrinking at the fastest pace on record, and the economic data is worse than anytime in history. Every sector of the economy is contracting and every economic indicator is pointing down. According to economist Nouriel Roubini, the country is headed towards a decade of "depression and... Read More
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Donald Trump calls the media "the enemy of the people", but it's much worse than that. The media is a national security threat. Just look at the way they've handled the coronavirus. The hysterical 24-7 coverage has people so terrified they've locked themselves in their homes inflicting catastrophic damage on the economy. That disaster never... Read More
As of April 30, the coronavirus pandemic has killed 61,500 Americans in two months and induced the worst economic collapse since the Great Depression. And if history is our guide, the economic crisis, which has produced 30 million unemployed Americans in six weeks, may prove more enduring, ruinous and historic than the still-rising and tragic... Read More
What do we make of it all? I just read an article in the New York Times that reports that President Trump lied and hid from the public the severity of the Covid-19 pandemic . On the other side, I encounter endless Internet rage that Covid-19 is a hoax, that New York city’s hospitals are... Read More
mikewhitneylockdown
Can we admit that we were wrong? Can we admit that the coronavirus is not going to kill "hundreds of thousands or even millions" of Americans? Can we admit that the public health system is not going to buckle and collapse? Can we admit that we fashioned our public policy on flawed computer models that... Read More
The COVID-19 medical and economic crisis remains mostly unaddressed by both the Republican and Democratic parties. They have only passed one piece of legislation that significantly helps workers: supplementing existing state unemployment benefits by $600 per week. Those additional payments expire in four months. Until then, many people who are out of work will receive... Read More
The answer to the question is “YES.” The large bailed-out creditors will end up with the property of the non-bailed-out debtors who are being pushed deeper into debt with “bail-out loans” and fees and penalties for missed debt payments. Write-offs for the One Percent, and more indebtedness for everyone else. Turn your mind to the... Read More
The same day the number of U.S. dead from the coronavirus disease hit the 15,000 mark, we also crossed the 15 million mark on the number of Americans we threw out of work to slow its spread and "bend the curve." For each American lost to the pandemic, 1,000 Americans have lost their jobs because... Read More
As thousands line up in bread lines amidst an economic meltdown, Jewish pimps are aggressively recruiting unemployed women to work as "camgirls" on their porn sites. The modern left, which has embraced cultural liberalism, has taken up the cause of "sex work" as a chic and novel repudiation of "fascism." Some women choose this profession,... Read More
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1-- Unemployment is off-the-charts Thursday's jobless claims leave no doubt that the country is in the grips of another severe recession. More than 6.6 million Americans filed for unemployment insurance in the last week. That number exceeds the gloomiest prediction of more than 40 economists and pushes the two-week total to an eye-watering 10 million... Read More
As much as Covid-19 is a circuit breaker, a time bomb and an actual weapon of mass destruction (WMD), a fierce debate is raging worldwide on the wisdom of mass quarantine applied to entire cities, states and nations. Those against it argue Planet Lockdown not only is not stopping the spread of Covid-19 but also... Read More
The US government and Western media enjoy accusing China of producing unreliable numbers, but it is widely recognised that there are no national economic statistics in the world as deliberately unreliable and misleading as those of the US. Yet one more feature of the Great Transformation was the US government’s innovativeness in fabricating statistics that... Read More
Thirty-eight years ago when I was in charge of United States domestic economic policy, the US Treasury and President Reagan believed that the purpose of economic policy was to serve the country, not Wall Street and the banks or the corporations or any of the various organized interest groups. Our idea was that policy could... Read More
Yesterday’s column referred to a “rising labor force participation rate” when it should have read “falling labor force participation rate.” Those of you who read the column before I made the correction must have been puzzled, but, little doubt, figured it out from the context. One of the main points of the article is that... Read More
The Bureau of Labor Statistics reports that the US economy created 148,000 new private sector jobs during July. The jobs number does not translate into employed people as increasingly Americans hold two or more jobs. For example, the BLS reports that from June to July the number of multiple job holders rose by 233,000 which... Read More
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Why We Will Soon Be Eating Each Other
Today, FOE will explain economics, fraud, unemployment, and the end of the world. There will no longer be a need for economists, if there ever was. You will understand everything. FOE is that sort of column. Long ago, everybody worked on farms, growing food. This was a real service. People wanted food. They liked to... Read More
Since June 2009 Americans have lived in the false reality of a recovered economy. Various fake news and manipulated statistics have been used to create this false impression. However, indicators that really count have not supported the false picture and were ignored. For example, it is normal in a recovering or expanding economy for the... Read More
The story line is going out that the economic boom is weakening and the Federal Reserve has to get the printing press running again. The Fed uses the money to purchase bonds, which drives up the prices of bonds and lowers the interest rate. The theory is that the lower interest rate encourages consumer spending... Read More
On May 28 I wrote that “the Western world is collapsing so rapidly that I am afraid that I am going to outlive it” ( ). My article was about the rising demonization of white people that is producing a collapse in their confidence. Inculcated guilt is making whites willing to accept discrimination against them... Read More
I have been lonely in my concern with the dire economic implications of robotics, but now Clarity Press has provided me with some company by publishing The Artificial Intelligence Contagion by David Barnhizer and Daniel Barnhizer. It is telling as to the irrelevance of the economics profession that the coauthors are lawyers. The concerns about... Read More
I was listening while driving to rightwing talk radio. It is BS just like NPR. It was about the great Trump economy compared to the terrible Obama one. The US hasn’t had a great economy since jobs offshoring began in the 1990s, and with robotics about to launch Americans are unlikely ever again to experience... Read More
We are having a propaganda barrage about the great Trump economy. We have been hearing about the great economy for a decade while the labor force participation rate declined, real family incomes stagnated, and debt burdens rose. The economy has been great only for large equity owners whose stock ownership benefited from the trillions of... Read More
There were not 312,000 new jobs created in December. Never mind. Where does the Bureau of Labor Statistics tell us the jobs are. Health care and social assistance together with leisure and hospitality account for 36% of the new jobs, with 40,000 new waitresses and bartenders. Retail trade (possible as December is the Christmas month)... Read More
According to today’s payroll jobs report from the Bureau of Labor Statistics, the economy created 200,000 new jobs in August. These jobs, assuming that they exist, are reported to be in low paid domestic service jobs such as transporting and selling goods, ambulatory health care services, and waiting tables and mixing drinks. There are none... Read More
The US government and the presstitutes that serve it continue to lie to us about everything. Today the Bureau of Labor Statistics told us that the unemployment rate was 3.9%. How can this be when the BLS also reports that the labor force participation rate has declined for a decade throughout the length of the... Read More
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Introduction and Transcript: Left Out, a podcast produced by Paul Sliker, Michael Palmieri, and Dante Dallavalle, creates in-depth conversations with the most interesting political thinkers, heterodox economists, and organizers on the Left. In this episode of The Hudson Report, we speak with Michael Hudson about the implications of the flattening yield curve, the possibility of... Read More
Don’t believe them
For two decades the offshoring of American jobs to Asia and Mexico has destroyed the careers and incomes of tens of millions of US citizens, the pension tax base for state and local governments, the federal tax base for Social Security and Medicare, and the opportunity society that once characterized the United States of America.... Read More
When are America’s global corporations and Wall Street going to sit down with President Trump and explain to him that his trade war is not with China but with them. The biggest chunk of America’s trade deficit with China is the offshored production of America’s global corporations. When the corporations bring the products that they... Read More
From John Williams proprietary report: “Subject to Likely Downside Annual Benchmark Revisions this Coming Friday, February Industrial Production Jumped by 1.1% (0.9% Net of Revisions), Reflecting improbable Strength in Manufacturing and Mining. “Despite this perhaps premature report of industrial production gains, Given a Record 122 Months of Non-Expansion, Manufacturing Still Holds Shy of Its Pre-Recession... Read More
According to the Bureau of Labor Statistics, the US economy added 313,000 jobs in the 28 days of February, causing a big jump in the Dow Jones average. Where does BLS find these jobs? The BLS finds 61,000 in construction, which, if correct, suggests in view of falling new and existing home sales, that those... Read More
Americans live a never-never-land existance. The politicians and presstitutes make sure of that. Consider something as simple as the unemployment rate. The US is said to have full employment with a January 2018 unemployment rate of 4.1 percent, down from 9.8 percent in January 2010. However, the low rate of unemployment is contradicted by the... Read More
Republished with permission from The International Economy
For a decade central banks have printed enormous quantities of new money. The excuse is to stimulate the economy by reviving inflation. However, the money has, for the most part, driven up the prices of financial assets instead of consumer and producer prices. The result has been a massive increase in the inequality of income,... Read More
Do the Wall Street Journal’s editorial page editors read their own newspaper? The frontpage headline story for the Labor Day weekend was “Low Wage Growth Challenges Fed.” Despite an alleged 4.4% unemployment rate, which is full employment, there is no real growth in wages. The front page story pointed out correctly that an economy alleged... Read More
Today is Labor Day, a difficult day to celebrate now that American labor has been cast aside and US jobs offshored and given to foreigners. The remainder of the jobs is slated to be replaced by robotics. Friday’s payroll jobs report was full of bad news. Full-time jobs declined by 166,000. The meager 156,000 new... Read More
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The Dog that Does Not Bark
In Sir Arthur Conan Doyle’s “Silver Blaze” Sherlock Holmes uses the fact that a dog did not bark during the night as evidence to unravel a crime, the theft of a race horse. Holmes reasoned that the perpetrator was known to the dog since the dog failed to bark, so QED, the theft was an... Read More
The American media specializes in fake news. Indeed, since the Clinton regime the American media has produced nothing but fake news. Do you remember the illegal US bombing and destruction of Yugoslavia? Do you remember “war criminal” Slobodan Milosevic, the Serbian president branded “the butcher of the Balkans,” who was compared to Hitler until Hillary... Read More
The false reality constructed for Americans parallels perfectly the false reality constructed by Big Brother in George Orwells’ dystopic novel 1984. Consider the constant morphing of “the Muslim threat” from al-Qaeda to the Taliban, to al-Nursra, to ISIS to ISIL, to Daesh with a jump to Russia. All of a sudden 16 years of Middle... Read More
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Billionaire businessman Marc Cuban insists that the H-1B visa racket is a feature of the vaunted American free market. This is nonsense on stilts. It can't go unchallenged. Another billionaire, our president, has ordered that the H-1B program be reformed. This, too, is disappointing. You'll see why. First, let's correct Mr. Cuban: America has not... Read More
This time it is about employment
The US government continues to lie about everything, not just Russia, Syria, Iran, and China. The US government is incapable of telling the truth about something as straightforward as employment. According to the government, March produced only 98,000 new payroll jobs, an insufficient amount to reduce unemployment, but the unemployment rate fell from 4.7 to... Read More
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The U.S. economy is weak. Very weak. But the Federal Reserve is planning to raise interest rates anyway. Why? Here’s what’s going on: According to the Atlanta Fed the US economy is expected to grow at a respectable 2.8 percent for the first quarter of 2017 That’s not bad considering that, for the entire year... Read More
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Analyzing the History of a Controversial Movement
The JFK Assassination and the 9/11 Attacks?
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