Friday, December 19, 2014(24 comments)
Barbarossa 2 -- Ruble Takedown Exposes Cracks in Putin's Defense
the media has pinned the blame for Tuesday's ruble fiasco on Putin who, of course, has nothing to do with monetary policy. That said, the ruble rout helps to draw attention to the fact that Moscow is clearly losing its war with the US and needs to radically adjust its approach if it hopes to succeed. First of all, Putin might be a great chess player, but he's got a lot to learn about finance.
Friday, December 5, 2014(9 comments)
Talking Turkey: Putin Gobsmacks Obama and Euro-Leaders with Surprise Gas Deal
Let's face it, Putin has really knocked it out of the park this time. Team Obama is clearly out of its league and has no idea of what's going on. If Turkey turns eastward and joins the growing Russian bloc, US policymakers are going to have to scrap the better part of their strategic plans for the coming century and go back to Square 1. What a headache.
Monday, December 1, 2014(13 comments)
Ukraine War Driven by Gas-Dollar Link -- Defending Dollar Imperialism
Now Obama is completely surrounded by rabid warmongering imbeciles, all of whom ascribe to the same fairy tale that the US is going to dust-off Russia, remove Assad, redraw the map of the Middle East, control the flow of gas and oil from the ME to markets in the EU, and establish myriad beachheads across Asia where they can keep a tight grip on China's growth.
Wednesday, November 26, 2014(8 comments)
Does the Name "Strauss-Kahn" Ring a Bell? -- Trotsky at the IMF
What's so disingenuous about the IMF's apology, is that the bank knew exactly what the effects of its policy would be, but stuck with its recommendations to reward its constituents. That's what really happened. The only reason it's trying to distance itself from those decisions now, is to make the public think it was all just a big mistake.
Saturday, November 22, 2014(14 comments)
Vox Populi: Readers Comments Show anti-Putin Propaganda Not Working
There's a reason why, according to Gallup, Trust in Media (is at an) All-Time Low. It's because the corporate media is the most perfidious, double-dealing, hypocritical institution in the country today. That's why the anti-Putin propaganda has fallen on deaf ears. It's because most people know you can't believe anything you read in the news.
Saturday, November 15, 2014(2 comments)
It's No Accident -- Afghan Opium Production Hits All-Time High
Afghanistan presently produces 80 percent of the world's heroin which provides billions of dollars in illicit profits for the powerful drug Mafia. Heroin trafficking and production have flourished under US military occupation and transformed Afghanistan into a dysfunctional narco-colony.
Saturday, November 8, 2014(12 comments)
President Flim-Flam Leads Dems to Midterm Massacre
Among young voters (aged 18-29) only 13 percent cast ballots on Tuesday. There's your ringing endorsement of capitalism in one dazzling data-point: 13 freaking percent. That's a system that has out-lived its shelf-life if you ask me. The system is broken. Deal with it. Organize. Grab a pitchfork. Do something!
Thursday, October 30, 2014(1 comments)
Risky Business: "Easy Money" Mel Watt Loosens Lending on Mortgages
Regulations are bad because regulations stipulate that loans must be of a certain quality, which reduces the volume of loans and shrinks profits. Therefore, the banks must use their money to hand-pick their own regulators and ferociously lobby against any rules that limit their ability to issue credit to anyone who can fog a mirror. Now you understand how modern-day banking works.
Tuesday, October 21, 2014(9 comments)
The Fix Is In -- Fed Stops Stock Slide with Talk of QE Extension
The Fed is driving the markets. The whole "free market" trope is baloney. No one is loading up on stocks because they're a good deal or because they think the economy is going gangbusters. Investors are buying stocks because they still believe in the power of money.
Thursday, October 16, 2014(4 comments)
In the Blink of an Eye -- Stocks Plunge 460 Points on QE Exit
The proximate cause of Wednesday's bloodbath was weaker than expected economic data from Europe -- which is sliding towards its third recession in five years -- droopy retail sales in the US, and a report from Department of Labor showing that wholesale prices for producers are edging closer towards deflation, the opposite of what the Fed is trying to achieve via its aggressive monetary policy.
Friday, October 10, 2014(2 comments)
"Don't Do Stupid sh*t" -- Has Obama Changed His Mind About Syria?
While the connection between ISIS and Turkish Intelligence remains murky, there is a connection which makes Turkey an unreliable partner in a prospective war against the same group. So why is Erdogan so eager to lead the charge into Syria? Because Erdogan thinks he can use ISIS as cover for his real objective, which is seize Damascus, topple Assad and replace him with a Sunni stooge who will tilt in Ankara's direction.
Monday, October 6, 2014(1 comments)
The University of Al-Qaeda? America's "Terrorist Academy" in Iraq Produced ISIS Leaders
This is a major region-shaping operation that the Turks, the Saudis, the Qataris, the Americans etc., are in on. Sure, maybe some of the jihadis went off the reservation and started doing their own thing, but even that's not certain. We are still in the early rounds of the emerging crisis. Things could backfire quite badly, and probably will.
Friday, September 12, 2014(21 comments)
Obama Declares War on Syria: 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 to garner support for another decade of homicidal conflicts in the Middle East.
Thursday, September 11, 2014(4 comments)
Uncle Sam Does Ukraine
What the Obama administration is trying to do, is draw Russia into a costly and protracted conflagration in Ukraine to prove to its European allies that Russian President Vladimir Putin is a dangerous aggressor and a serious threat to global security. The US needs this justification to move ahead with its plan of establishing NATO forward-bases on Russia's western border.
Friday, September 5, 2014(27 comments)
Obama Begs for More War -- Did Putin Just Bring Peace to Ukraine?
while Obama is busy trying to ramp up the violence by rallying NATO to expand the wars around the world, international peacekeepers will begin the thorny task of implementing a seven-point peace plan put forward by none-other-than Vladimir Putin. The difference between the peacemakers and the warmongers has rarely been as stark as it is today.
Friday, August 29, 2014(11 comments)
Obama's "Catastrophic Defeat" in Ukraine
here is no Russian invasion any more than there were WMD, mobile weapons labs, aluminum tubes, Sarin gas, etc. It's all BS concocted by a servile media pursuing the agenda of a warmongering political establishment that wants to escalate the conflagration in east Ukraine at all cost. Even if it leads to a Third World War.
Saturday, August 23, 2014(2 comments)
The Sergei Glaziev Interview -- Understanding Ukraine in 15 Minutes
We are now moving from the American cycle of capital accumulation to an Asian cycle. This is another crisis that is challenging US hegemony. To maintain their leading position in the face of competition with a rising China and other Asian countries, Americans are starting a war in Europe. They want to weaken Europe, break up Russia, and subjugate the entire Eurasian continent.
Monday, August 18, 2014(14 comments)
Et Tu, Mullah? ...Did Iran Just Knife Putin in the Back?
Here's what's really happened: Washington agreed to ease up on the sanctions if Iran caved in on the gas deal, which it did. Now the US-backed Nabucco pipeline is back in business, while Russia's South Stream is on the rocks. The only way Washington would do a deal with arch-enemy Iran, is if there was some other country they hated even more. That would be Russia.
Saturday, August 16, 2014(9 comments)
Why Obama Wants Maliki Removed
Obama wants to create a pretext for boosting troop levels in the country. What better way to redeploy thousands of US combat troops to Iraq, then to scare Iraqi policymakers into submission with visions of bloodthirsty terrorists (ISIS) lopping off heads and slitting throats at every opportunity.
Wednesday, August 13, 2014(12 comments)
The Latest in the New Cold War -- My Money's on Putin
It's clear that Washington's aggression in Ukraine has focused Moscow's attention on retaliation. But rather than confront the US militarily, as Obama and Co. would prefer, Putin is taking aim at the vulnerabilities within the monetary system.
Saturday, August 2, 2014(44 comments)
Something Sinister Going On? The Unanswered Questions of MH17
If Washington is unable to achieve its objectives in Ukraine--create a chokepoint for resources flowing from Russia to the EU, establish NATO bases in the heart of Eurasia, and drive a wedge between Moscow and Brussels--then the plan to maintain US global hegemony for the next century will fail. Then China will become the world's biggest and most powerful economy and the US will slide into irreversible decline.
Tuesday, July 22, 2014(16 comments)
Putin Knows What Happened to MH17, But He's Not Saying -- Yet ...
The reason Putin hasn't deployed Russian troops to stop the violence in east Ukraine is because the EU is his biggest trading partner and he doesn't want to do anything that will put the kibosh on their business dealings. Russia needs Europe just like Europe needs Russia.
Thursday, July 10, 2014(13 comments)
Troublemaking Washington: Pushing Ukraine to the Brink
Afghanistan, which is central to Washington's pivot strategy, is going to be used for military bases, resource extraction and transportation. That's it. There's not going to be any reconstruction or nation building. The US doesn't do that anymore. This is the stripped-down, no-frills, 21st century imperialism. "No nation for you, buddy. Just give us your gas and off we'll go."
Saturday, June 28, 2014(9 comments)
Central Bank Stock Buying Binge
Why would anyone in their right mind bestow such extraordinary powers ("independence") on a group of voracious, cutthroat bankers who have repeatedly shown that they can't be trusted? Huh? It's insanity. This latest outrage just proves that the central bank system needs to be either reformed or terminated. Preferably, terminated.
Wednesday, June 25, 2014 Did Obama Know that ISIS Planned to Invade Iraq?
The division of Iraq is already a done deal, just as long as al Maliki doesn't gum up the works by deploying his army to retake the parts of the country that are now occupied by ISIS. But the Obama team probably won't allow that to happen, mainly because the bigshots in Washington like things the way they are now.
Sunday, June 22, 2014(7 comments)
Splitting up Iraq -- It's all for Israel
Iraq poses no national security threat to the US. US war planners already got what they want. There's no reason to go back and cause more trouble, to restart the war, to tear the country apart, and to split it into pieces. The only reason to dissolve Iraq, is Israel. Israel does not want a unified Iraq. Israel does not want an Iraq that can stand on its own two feet.
Wednesday, June 18, 2014(30 comments)
The ISIS Fiasco: It's Really an Attack on Iran
What's important as far as Obama is concerned, is that the strategic objectives of Isis and those of the United States coincide. Both entities seek greater political representation for Sunnis, both want to minimize Iranian influence in Iraq, and both support a soft partition plan. The US benefits from these developments.
Saturday, June 14, 2014 The Latest Regional Slugfest: On to Baghdad
Iran, Saudi Arabia, Israel, and the US -- are all deeply involved and are looking for ways to shape the outcome. All four of these countries are up to their axels in the bloody game of geopolitics, and are using Iraq as a staging ground for the own hegemonic ambitions. We know who the losers will be in this latest regional slugfest -- the Iraqi people.
Tuesday, June 10, 2014(2 comments)
Dispatching B-2 Stealth Bombers to Europe: Obama's Attempt at Intimidating Russia
Western elites want to control the flow of gas and oil from East to West. This is why they've installed their puppet in Kiev, threatened to levy more sanctions on Moscow, and moved B-2 stealth bombers into the European theater. They are determined to succeed in their plan even if it triggers a Third World War.
Tuesday, June 3, 2014(3 comments)
Madness, I Tell You: Saber Rattling at West Point
The United States will do whatever the hell it wants to and if you don't like it: "Too bad." This is the Bush Doctrine verbatim. The West Point oration proves that the new administration has simply modified the Bush credo to suit Obama's pretentious speaking style.
Wednesday, May 21, 2014(15 comments)
Showdown in Ukraine: Putin vs. Comrade Wolf
Putin doesn't want this war and neither do most Ukrainians. The whole thing was conjured up by Uncle Sam and his minions to stop the flow of Russian gas to Europe, to push NATO further eastward, and to break the Russian Federation into little pieces. That's what it's really all about. And these madmen are willing to raze Ukraine to the ground and kill every living organism within a 3,000 mile radius of Kiev to get their way.
Monday, May 12, 2014(23 comments)
News Blackout -- U.S. Media Ignores Putin's Peace Plan
Putin is a plain-speaking guy who shoots from the hip and says what he means. He's not a bullshitter. People know that, which is why the media won't publish what he says. It's because they're afraid that people will believe him and all their jingoistic, pro-war propaganda will be for naught.
Saturday, May 3, 2014(23 comments)
Obama's New Ukraine: A Russophobic, Failed State Ruled by Fascists
Putin didn't topple the Ukrainian government. The US State Department did. Nor did Putin deploy the military to surround cities, cut off their water supplies and deploy helicopter gunships to fire missiles at civilian infrastructure and terrorize the local population. That was the work of Obama's fascist junta in Kiev. It's all part of the US plan to control Central Asia and rule the world.
Wednesday, April 30, 2014(26 comments)
Why is Putin in Washington's Crosshairs?
Washington sees Russia as a growing threat to its plans for regional dominance. The problem is, Moscow has only gotten stronger as it has expanded its network of oil and gas pipelines across Central Asia into Europe. Washington wants a weak Russia that won't challenge US presence in Central Asia or its plan to control vital energy resources.
Wednesday, April 23, 2014(2 comments)
Putin's Dilemma: Fending Off the United State's Imperial Hand
This is Putin's dilemma, to choose the path that is least likely to exacerbate the situation and plunge Ukraine deeper into the abyss. For now, the choice seems obvious, that is, he should simply sit-tight, resist the temptation to get involved, and avoid doing anything rash. Eventually, his restraint will be seen as strength not weakness. But, for now, he must be patient and wait.
Friday, April 18, 2014(1 comments)
G-20 and US Tell Japan to End QE
BoJ chief Haruhiko Kuroda will come up with a number of goofball excuses for winding down the policy to conceal the real power-dynamic behind the decision. But the truth is obvious, Washington has ordered the BoJ to stop printing, and dad-gum-it, Japan is going to fall in line...or else. That's how things work in this-here empire.
Tuesday, April 15, 2014(10 comments)
The Obama Game: Is Putin Being Lured Into a Trap?
Russia is not responsible for the crisis in Ukraine. Hacked phone calls reveal the critical role that Washington played in orchestrating the putsch and selecting the coup's leaders. Moscow was not involved in any of these activities. Putin, whatever one may think of him, has not done anything to fuel the violence and chaos that has spread across the country.
Friday, March 28, 2014(7 comments)
Government Backing for Toxic Mortgage Securities? The Economic Scam of the Century
If you can't believe what you are reading or if you think that the system is so thoroughly corrupt it can't be fixed; you're not alone. This latest outrage just confirms that the Congress, the executive and all the chief regulators are mere marionettes performing whatever task is asked of them by their Wall Street paymasters. It's the scam of the century.
Tuesday, March 18, 2014(5 comments)
Obama Backs Down on Crimea
The goofy Obama team wants the public to believe that the whole "constitutional reform" thing was their idea so people don't notice that the clunker administration and President Featherweight have run up the white flag and headed for the hills. This is classic Barack "lead from behind" Obama trying to make a full-blown retreat look like a victory.
Sunday, March 16, 2014(26 comments)
Obama: The Willing Executioner
Obama represents everything people profess to hate-war, drone attacks, Gitmo, indefinite detention, executive privilege to assassinate--yet they put him on a pedestal. Which is why we think that Obama is the greatest public relations invention of all-time; a beaming, exuberant,paragon who embodies the laudatory characteristics of leadership, able to carry out the most despicable, inhuman acts without hesitation or remorse.
Wednesday, March 12, 2014(17 comments)
Sour Grapes: Big Oil's "Sore Losers" Lead the Drive to War
Big Oil still rules the roost. For some unknown reason, America's behemoth oil corporations think the resources that lie beneath Russian soil belong to them. The question is whether their agents will push Obama to put American troops at risk to assert that claim. If they do, there's going to be a war.
Saturday, March 8, 2014(8 comments)
Grand Puppetmaster Brzezinski: Directing War Strategies from the Shadows
The military escalation occurs in an atmosphere of heightened tension between the two nuclear-armed powers and will certainly add to their mutual distrust. Hagel's deployment is consistent with a plan for antagonizing Moscow that was proposed just days earlier in the Washington Post by the Obama administration's ideological godfather, Zbigniew Brzezinski.
Wednesday, March 5, 2014(1 comments)
there are no good options. Aside from launching a full-blown ground war, which nobody wants, Obama is just going to have to suck it up and move on, because, at the end of the day, Moscow's still going to control the Crimea and Obama and his EU collaborators are still going to be stuck with a broken, underwater province run by technocrats, kleptocrats, and neo-Nazi, clownshoes politicos.
Saturday, March 1, 2014(6 comments)
Obama's Dumbest Plan Yet
Moscow is keenly aware of Washington's divide-and-conquer strategy, but has downplayed the issue in order to avoid a confrontation. The US-backed coup in Ukraine means that that option is no longer feasible. Russia will have to respond to a provocation that threatens both its security and vital interests. Of all the dumb plans Washington has come up with in the couple years, this is the dumbest.
Saturday, February 15, 2014(5 comments)
The Tipping Point: Foreclosure Filings Jump as Investors Eye Exits
Sales are down, purchase applications are down, and the country's homeownership rate has slipped to levels not seen since 1995, 18 years ago. The Fed's $1 trillion purchase of mortgage backed securities (MBS) and zero rates have done nothing to stimulate "organic" consumer demand. Zilch. No "trickle down" at all.
Friday, February 7, 2014(16 comments)
The American Dream is Dead -- Obama Killed It
The American people aren't whiners. They're just tired of the lies, that's all. Look; the country was in the throes of the biggest economic downturn since the Great Depression, but the American people rallied, right? They came out by the millions to vote for the dazzling young senator from Chicago who was going to change everything and restore America to its formal glory.
Wednesday, January 29, 2014(1 comments)
The New Wave of Financial Instability
For more than four years, the Fed has buoyed stock prices and increased corporate margins through massive injections of free cash into the financial markets. Now the Central Bank wants to change the policy and ease its foot off the gas pedal. That's causing investors to rethink their positions and take more money off the table. The Federal Reserve is entirely responsible for this new wave of financial instability.
Friday, January 10, 2014(19 comments)
Deregulation, Privatization, and Cheap Labor: Obama's Corporate Plantations
Obama's promise zones provide a way for big business to slip the chains of "onerous" regulations and restore, what many CEO's believe to be the Natural Order; that is, a Darwinian, dog-eat-dog world where only the strongest and most cunning survive. This is a world in which Obama has done quite well. Obama calls these promise zones. We think corporate plantations is a more fitting moniker.
Thursday, January 2, 2014(2 comments)
Book-Cooking on New Year's Eve
Ben Bernanke is a big believer in transparency. Hardly a day goes by that Bernanke doesn't reiterate his commitment to transparency. He thinks the Fed should be as open and honest as possible. The average working stiff probably doesn't give a hoot about Bernanke's new program. But that's really a shame, because it looks like old Bennie is going to sock it to us one more time before he rides off into the sunset.
Tuesday, December 31, 2013(3 comments)
Work Until You're Dead? Don't Plan on Retiring
A sizable chunk of the adult population is going to punch a clock until they keel-over in the office parking lot and get hauled off in the company dumpster. And those are the lucky ones, the so-called baby boomers. By the time we get to the millennials it'll be even worse because the economy will have been ravaged by 25 or 30 years of austerity.
Saturday, December 28, 2013 While Housing Sales Slow: US Treasuries Cross Into Danger Zone
Rates are rising while conditions in the housing market are going from bad to worse. For example, existing home sales tanked for the third month in a row in November to a seasonally adjusted annual rate of 4.9 million. November's sales pace was the slowest in more than a year, which means that higher rates and rising prices are scaring off potential buyers.
Friday, December 20, 2013(32 comments)
The Incredible, Shrinking Presidency of Barack Obama
The country is in a terrible state and yet Obama continues to approve bills that throw millions of people off unemployment benefits, sharply cut government spending, or undermine vital safety-net programs that keep the sick and the elderly from dying on the streets. It's like he's trying to reduce 300 million Americans to grinding third-world poverty in his short eight-year term.
Saturday, December 14, 2013(7 comments)
The Truth About Deflation: It's Closer Than You Think
The droopy rate of inflation suggests that Bernanke may already be too close to the cliff-edge to pull back in time. Credit growth, personal consumption, wages and incomes remain either flat or trending lower. T the US economy is bound to be wacked by Japan's accelerated QE program which has slashed the value of the yen weakening US exports while pushing up the value of the dollar.
Wednesday, November 27, 2013 "Cha-ching!" Christmas Time on Wall Street
The Fed's goofy monetary policies have turned the corporations into hedge funds. They're no longer building factories, piling up inventory, or buying tools and equipment. They're simply taking advantage of the surge of liquidity the Fed is pumping into the financial markets to buy back their own stocks and juice the price. It's Christmas time on Wall Street thanks to Santa Claus Bernanke. Cha-ching!
Friday, November 15, 2013(1 comments)
Where's the Outrage? Fed Insider Exposes Giant Central Bank "Easing" Swindle
QE was a strategy to drain the ocean of red ink from bank balance sheets and restore them to profitability. What mattered was profits. Profits at the expense of employment, profits at the expense of growth, profits at the expense the nation's economic future. Profits, profits, profits. How can anyone fail to see that now? QE was a transparent ripoff from the get go, and the Bernanke Fed orchestrated the entire affair.
Tuesday, November 5, 2013(2 comments)
Escape From The Dollar -- An Interview with Paul Craig Roberts
Paul Craig Roberts thinks the Fed has backed itself into corner. A rise in interest rates would strengthen the dollar, give the dollar new life as world reserve currency, and halt the movement into gold, but a rise in rates would collapse the bond and stock markets and reduce the value of derivatives on the banks' balance sheets.
Friday, November 1, 2013(1 comments)
Does the Dollar Have a Future?
Don't kid yourself, China and Japan don't want to be the top-dog either. They're fine with the way things are right now. The problem is, it's looking more and more like the US is not up-to-the-task anymore, given the irresponsible way it conducts its business.
Sunday, October 27, 2013(1 comments)
There's a humongous shadow inventory of distressed homes that have yet to reach the market. And the banks are dragging their feet to keep prices artificially high. Everyone knows this now. The whole system has been rejiggered to accommodate a handful of underwater, zombie institutions who wouldn't know how to make an honest buck in a normal business transaction if it was staring them in the face.
Wednesday, October 23, 2013(1 comments)
Repo, Baby, Repo: How Unregulated Banking Triggered the Crash of '08
It's a completely ridiculous, insane system. We've given the banks this outrageous privilege of creating private money out of thin air, (credit) and they spit in our face. They won't even follow a few simple rules that would make the process safer for everyone. Keep in mind, that Dodd Frank does nothing to remedy the problems in repo.