Financial imperialists attack Russia
A dangerous new trend is the successful manipulation of the financial markets by the Federal Reserve, other central banks, private banks, and the US Treasury. The Federal Reserve reduced real interest rates on US government debt obligations first to zero and then pushed real interest rates into negative territory. Today the government charges you for the privilege of purchasing its bonds. Continue reading →
Friday’s payroll jobs report is another government fairy tale or, to avoid polite euphemisms, another packet of lies just like the House of Representatives Resolution against Russia and every other statement that comes out of Washington. Continue reading →
In a few days, the Swiss people will go to the polls to decide whether the Swiss central bank is to be required to hold 20% of its reserves in the form of gold. Polls show that the gold requirement is favored by the less well off and opposed by wealthy Swiss invested in stocks. These poll results provide new insight into the real reason for Quantitative Easing by the Federal Reserve and European Central Bank. Continue reading →
Glenn Greenwald has revealed that Hillary Clinton is the presidential candidate of the banksters and warmongers. Pam and Russ Martens note that Elizabeth Warren is the populist alternative. I doubt that a politician who represents the people can acquire the campaign funds needed to run a campaign. If Warren becomes a threat, the Establishment will frame her with bogus charges and move her aside. Continue reading →
As most Americans, if not the financial media, are aware, Quantitative Easing (a euphemism for printing money) has failed to bring back the US economy. Continue reading →
Just as the German media have destroyed their credibility with lies, the US government is consistently destroying Washington’s credibility both with its own citizens and the rest of the world. Continue reading →
The Bureau of Labor Statistics headline Friday morning read: “Payroll employment increases by 248,000 in September; unemployment rate declines to 5.9%.” Continue reading →
It is amazing how the government manages to continue selling Brooklyn Bridges to a gullible public. Americans buy wars they don’t need and economic recoveries that do not exist. Continue reading →
Redefinition is America’s most powerful factor of production
Last week’s government guesstimate that second quarter 2014 real GDP growth will be 4% seems nonsensical on its face. There is no evidence of increases in real median family incomes or real consumer credit that would lift the economy from a first quarter decline to 4% growth in the second quarter. Continue reading →
Thinking is an expensive occupation
Posted on December 9, 2014 by Paul Craig Roberts
Raising unsettling questions and providing disturbing explanations seldom meet with accolades. For example, Guy McPherson is a University of Arizona scientist who has been studying human disruption of the environment and climate for 30 years. Many human caused disruptions have developed into local or regional disasters, but now the question is whether the planet itself is endangered. Is human activity bringing about human extinction? Continue reading →