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Pushing Ukraine To The Brink

July 12, 2014

“The unipolar world model has failed. People everywhere have shown their desire to choose their own destiny, preserve their own cultural identity, and oppose the West’s attempts at military, financial, political and ideological domination.” - Vladimir Putin “While the human politics of the crisis in Ukraine garner all the headlines, it is the gas politics that in many ways lies at the heart of the conflict.” - Eric Draitser, Waging war against Russia, one pipeline at a time, RT What does a pipeline in Afghanistan... Read article

Class Warfare Saps The Economy: Why Abenomics Flopped

July 5, 2014

By every objective standard, Abenomics has been a complete flop. Household spending has plunged, wages have dropped for 23 months in a row, inflation is on the rise, the number of workers who can only find part-time jobs has ballooned to 38 percent, and most economists now expect 2nd quarter GDP to shrink to minus 4 percent or worse. So where’s the silver lining? There isn’t one. It’s all hype. In fact, the only part of Prime Minister’s Shinzo Abe’s economic strategy that has succeeded has been the public relations... Read article

Central Bank Stock Buying Binge

June 29, 2014

Central banks have shifted into stocks and are buying up everything that isn’t bolted to the floor. That’s the gist of the story that breathlessly appeared in the Financial Times about a week ago and swept across the blogosphere like a Santa Anna brushfire. And there’s some truth to it too, if taken with a large grain of salt. Here’s a clip from the Omfif’s report the FT’s cites in the article: “A cluster of central banking investors has become major players on world equity markets,” says a report to be... Read article

What Did The White House Know?

June 28, 2014

Did Obama Know that ISIS Planned to Invade Iraq? “I think we have to understand first how we got here. We have been arming ISIS (the Islamic State in Iraq and Syria) in Syria.  ISIS, an al Qaeda offshoot, has been collaborating with the Syrian rebels whom the Obama administration has been arming in their efforts to overthrow Syrian President Bashar al-Assad.”  - Senator Rand Paul, Interview CNN  Today’s head-scratcher: How could a two-mile long column of jihadi-filled white Toyota Land rovers barrel across the... Read article

Splitting Up Iraq: It’s All For Israel

June 21, 2014

“It is no longer plausible to argue that ISIS was a result of unintentional screw ups by the US. It is a clear part of a US strategy to break up the Iran-Iraq-Syria-Hezbollah alliance. Now that strategy may prove to be a total failure and end up backfiring, but make no mistake, ISIS IS the strategy.” - Lysander, Comments line, Moon of Alabama “US imperialism has been the principal instigator of sectarianism in the region, from its divide-and-conquer strategy in the war and occupation in Iraq, to the fomenting of... Read article

The ISIS Fiasco: It’s Really An Attack On Iran

June 21, 2014

There’s something that doesn’t ring-true about the coverage of crisis in Iraq. Maybe it’s the way the media reiterates the same, tedious storyline over and over again with only the slightest changes in the narrative. For example, I was reading an article in the Financial Times by Council on Foreign Relations president, Richard Haass, where he says that Maliki’s military forces in Mosul “melted away”. Interestingly, the Haass op-ed was followed by a piece by David Gardener who used almost the very same language.... Read article

Dispatching B-2 Stealth Bombers To Europe: Obama’s Attempt At Intimidating Russia

June 11, 2014

“This deployment of strategic bombers provides an invaluable opportunity to strengthen and improve interoperability with our allies and partners.” – Admiral Cecil Haney, commander, US Strategic Command on the deployment of B-2 stealth bombers to Europe. “Against stupidity, no amount of planning will prevail.” – Carl von Clausewitz Less than 24 hours after Ukraine’s new president Petro Poroshenko announced his determination to retake Crimea from Russia, US Admiral Cecil Haney confirmed that the US Air... Read article

European Central Bank Goes Sub Zero

June 7, 2014

On Thursday, European Central Bank chief Mario Draghi dropped rates on overnight deposits to minus 0.1% thereby charging commercial banks to keep their money at the ECB. The move, which was applauded by the media as a “historic measure to fight deflation”, is nothing of the kind. Negative rates have been used in both Sweden and Denmark in recent years, but to little effect. The policy will not “get the banks lending again” as the ECB suggests, nor will it ease the high unemployment and slow growth that have plagued... Read article

Madness, I Tell You: Saber Rattling At West Point

June 3, 2014

President Barack Obama delivered his most belligerent and menacing speech to date at the US Military Academy at West Point. Aside from the lofty rhetoric we’ve come to expect in every Obama presentation, the president’s commencement address was a defiant restating of the Bush Doctrine of unilateral intervention, executive authority and endless warfare. The speech contained no new initiatives or surprises, but emphasized Obama’s unwavering support for the policies which have plunged large parts of the Middle East,... Read article

Back In The Red

May 30, 2014

“I liken the economy to a car on a flat road that has no momentum. When you take your foot off the gas, the car just stops moving.” — Stephanie Pomboy, Interview Barron’s If you follow the stock market, you probably think the economy is sizzling. But if bonds are your thing, then you probably think we’re still in recession. So which is the better gauge of what’s going on in the real economy; stocks or bonds? The bond market is more accurate. And recently, long-term yields have been dropping like a stone which... Read article

A Million People Killed In Iraq: The Biggest Petroleum Heist In History?

May 25, 2014

“Prior to the 2003 invasion and occupation of Iraq, US and other western oil companies were all but completely shut out of Iraq’s oil market. But thanks to the invasion and occupation, the companies are now back inside Iraq and producing oil there for the first time since being forced out of the country in 1973.” – Antonia Juhasz, oil industry analyst,  Al Jazeera. These are the ‘best of times’ for the oil giants in Iraq.  Production is up, profits are soaring, and big oil is rolling in dough.  Here’s... Read article

Showdown In Ukraine: Putin vs. Comrade Wolf

May 22, 2014

“Comrade Wolf knows who to eat, and he eats without listening to anyone.” – Russian President Vladimir Putin referring to the United States… The Ukraine crisis has its roots in a policy that dates back nearly 20 years. The origins of the policy can be traced to a 1997 article in Foreign Policy magazine by Zbigniew Brzezinski, titled “A Geostrategy for Eurasia.” The article makes the case that the United States needs to forcefully establish itself in Central Asia in order to maintain its position as... Read article

U.S. Media Ignores Putin’s Peace Plan

May 12, 2014

“Let me repeat again, that in Russia’s view, the blame for the crisis in Ukraine lies with those who organized the coup d’etat in Kiev on February 22-23… But whatever the case, we must look for a way to solve the situation as it is today….And, as I said, what is needed is direct, full-fledged and equal dialogue between the Kiev authorities and the representatives of people in southeast Ukraine….I don’t know whether a Geneva-2 round of talks.. is realistic. (But) I believe that if we want to find a long-term... Read article

False Flag In Odessa: Pathetic U.S. Media Coverage

May 9, 2014

“According to the evidence that I’ve seen …Odessa was a giant false flag operation. It… was one of those staged massacres that the pro-Western forces from Bosnia to Kosovo, now Ukraine, excel at staging, intended to draw Russia to overreact and commit military forces … I believe that the fact that they are willing to stage such a horrendous atrocity shows the depth of their desperation at this point.” – Nebojsa Malic, political analyst, Russia Today “Not under foreign skies Nor under foreign wings protected... Read article

A Russophobic, Failed State Ruled By Fascists Obama’s New Ukraine

May 3, 2014

“While Russia has been making efforts to de-escalate and resolve the crisis, the Kiev regime has chosen to launch airstrikes on peaceful residential areas, literally destroying the last hope for preserving the Geneva accords.” Dmitry Peskov, Putin’s spokesman “The crisis in Ukraine is not the result of ‘Russian aggression,’ but of a criminal strategy by the US and its European allies to install a hostile regime on Russia’s borders in Ukraine and, ultimately, dismember Russia itself.” Johannes Stern, NATO... Read article

The Economic Scam of the Century

March 27, 2014

The leaders of the U.S. Senate Banking Committee,  Sen. Tim Johnson (D., S.D.) and Sen. Mike Crapo (R., Idaho),  released a draft bill on Sunday that would provide explicit government guarantees on mortgage-backed securities (MBS) generated by privately-owned banks and financial institutions. The gigantic giveaway to Wall Street would put US taxpayers on the hook for 90 percent of the losses on toxic MBS the likes of which crashed the financial system in 2008 plunging the economy into the deepest slump since the Great... Read article

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