Casino Capitalism: Neoliberalism in Western countries
"When the capital development of a country becomes a by-product of the activities of a casino, the
job is likely to be ill-done" ~ John Maynard Keynes
Who Rules America >
Financialization is a process whereby financial markets, financial institutions, and financial
elites gain greater influence over economic policy and economic outcomes.
Financialization transforms the functioning of economic systems at both the macro and micro levels.
Its principal impacts are to (1) elevate the significance of the financial sector relative to the real
sector, (2) transfer income from the real sector to the financial sector, and (3) increase income inequality
and contribute to wage stagnation. Additionally, there are reasons to believe that financialization
may put the economy at risk of debt deflation and prolonged recession.
Financialization operates through three different conduits: changes in the structure and operation of
financial markets, changes in the behavior of nonfinancial corporations, and changes in economic policy.
Countering financialization calls for a multifaceted agenda that (1) restores policy control over
financial markets, (2) challenges the neoliberal economic policy paradigm encouraged by financialization,
(3) makes corporations responsive to interests of stakeholders other than just financial markets, and
(4) reforms the political process so as
to diminish the influence of corporations and wealthy elites.
Thomas Palley, See
||Speculation and gambling were always a part of Wall Street but since the 1930’s
they were just a side-show, now they are the show.
Comment to Matt Taibbi
Fannie, Freddie, and the New Red and Blue t
“The sense of responsibility in the financial community
for the community as a whole is not small. It is nearly nil.”
-- John Kenneth Galbraith, The Great Crash of 1929
The term Casino Capitalism generally is symonim of
neoliberalism (also called
economic liberalism), but it also point out to a specific phase of
neoliberal transformation of capitalism.
Politically it was slow motion corporate coup d'état, which started in 70th and
is now accomplished in the USA and other Western countries which buries social-democratic (New Deal
style) model of capitalism.
It hypertrophied police functions of state (in the form of
state) while completely avoiding economic sphere in ways other then enforcement of laws
(with a notable exclusion from this top 1% -- "Masters of the Universe"). Like bolshevism it uses the state for the enforcement of
the social system. On top level this is crony capitalism for major corporation. On low level of medium and small business
owners it presupposed
a deregulated economy (in a sense of the "law of jungle" as a business environment).
Casino capitalism presupposes strong militarized state, suppressing all the attempts to challenge the new "nomenklatura" (much
like was the case in the USSR). It is quite different from traditional liberalism:
“Liberalism” can refer to political, economic, or even religious ideas. In the U.S. political
liberalism has been a strategy to prevent social conflict. It is presented to poor and working
people as progressive compared to conservative or Right wing. Economic liberalism is different.
Conservative politicians who say they hate “liberals” — meaning the political type — have no real
problem with economic liberalism, including neoliberalism.
In other words this is neoliberal model of corporatism
during the period of "cheap hydrocarbons". The period that is probably near the end and which
by some estimate can last only another 50 years or so (less than 100 years). The major crisis of casino capitalism
in 2008 was connected both with financial excesses (caused by moving to semi-criminal ways of
extracting return on capital, typical for casino capitalism), but also with the rise of the
price of oil and decrease of
Energy returned on energy invested (EROEI). In this
sense the last low oil price period which started in late 2014 and ended in spring 2018 can be
viewed as the "last hurrah" of the casino
In understanding neoliberal transformation of the society since early 80th it is important to
understanding of the key role of financialization in this process. When major services are
privatized (education, healthcare, pension plans) financial institution insert themselves as
intermediaries in this arrangement and make it the main source of their profits. Also contrary
to neoliberal propaganda this process is aided and abetted by state. State is used by neoliberalism
as a tool of enforcing market relations even where they are not useless or even harmful (education).
All this talk about irresolvable controversy between market and state is for gullible fools. In
Trotskyism for rich, neoliberalism uses power of the state to enforce market relations by
force on reluctant population even in areas where this can do no good. That make really it close to
Soviet social experiment, which lasted from 1917 to 1991 or almost 75 years. As Marx noted "History repeats itself, first as tragedy, second as farce."
A very good discussion of the role of Financialisation in entrenchment of neoliberalism in modern
societies can be found in the book by
Costas Lapavitsas. Some highlights are provided in his Guardian article
Finance's hold on our everyday life must be broken
This extraordinary public largesse towards private banks was matched by
austerity and wage reductions for workers and households. As for restructuring
finance, nothing fundamental has taken place. The behemoths that continue to
dominate the global financial system operate in the knowledge that they enjoy an
unspoken public guarantee. The unpalatable reality is that financialisation will
persist, despite its costs for society.
Financialisation represents a historic and deep-seated transformation of mature
capitalism. Big businesses have become "financialised" as they have ample profits
to finance investment, rely less on banks for loans and play financial games with
available funds. Big banks, in turn, have become more distant from big businesses,
turning to profits from trading in open financial markets and from lending to
households. Households have become "financialised" too, as public provision in
housing, education, health, pensions and other vital areas has been partly
replaced by private provision, access to which is mediated by the financial
system. Not surprisingly, households have accumulated a tremendous volume of
financial assets and liabilities over the past four decades.
The penetration of finance into the everyday life of households has not only
created a range of dependencies on financial services, but also changed the
outlook, mentality and even morality of daily life. Financial calculation
evaluates everything in pennies and pounds, transforming the most basic goods –
above all, housing – into "investments". Its logic has affected even the young,
who have traditionally been idealistic and scornful of pecuniary calculation.
Fertile ground has been created for neoliberal ideology to preach the putative
merits of the market.
Financialisation has also created new forms of profit associated with financial
markets and transactions. Financial profit can be made out of any income, or any
sum of money that comes into contact with the financial sphere. Households, for
example, generate profits for finance as debtors (mostly by paying interest on
mortgages) but also as creditors (mostly by paying fees and charges on pension
funds and insurance). Finance is not particular about how and where it makes its
profits, and certainly does not limit itself to the sphere of production. It
ranges far and wide, transforming every aspect of social life into a profit-making
The traditional image of the person earning financial profits is the "rentier",
the individual who invests funds in secure financial assets. In the contemporary
financialised universe, however, those who earn vast returns are very different.
They are often located within a financial institution, presumably work to provide
financial services, and receive vast sums in the form of wages, or more often
bonuses. Modern financial elites are prominent at the top of the income
distribution, set trends in conspicuous consumption, shape the expensive end of
the housing market, and transform the core of urban centres according to their own
Financialised capitalism is, thus, a deeply unequal system, prone to bubbles
and crises – none greater than that of 2007-09. What can be done about it? The
most important point in this respect is that financialisation does not represent
an advance for humanity, and very little of it ought to be preserved. Financial
markets are, for instance, able to mobilise advanced technology employing some of
the best-trained physicists in the world to rebalance prices across the globe in
milliseconds. This "progress" allows financiers to earn vast profits; but where is
the commensurate benefit to society from committing such expensive resources to
The term "casino capitalism" was coined by Susan
Strange who used it as a title of her book
Casino Capitalism published in 1986. She was one of the first who realized that
- "The roots of the world's economic disorder are monetary and financial";
- "The disorder has not come about by accident, but has in fact been nurtured and
encouraged by a series of government decisions." (p. 60). In other words its was a counter-revolution
of the part of ruling elite (financial oligarchy) which lost its influence in 30th (dismantling New Deal from above
in the USA (Reaganomics) or
Thatcherism in the GB).
According to Susan Strange transformation of industrial capitalism into
neoliberal capitalism ("casino capitalism")
involved five trends. All of them increased the systemic instability of the system and
the level of political corruption:
- Innovations in the way in which financial markets work due to introduction of computers;
- The sheer size of markets; (with the introduction of 401K the size of stock market
- Commercial banks turned into investment banks;
- The emergence of Asian nations as large players;
- The shift to self-regulation by banks (pp.9-10).
Now it is pretty much established fact that the conversion from "industrial capitalism" to neoliberal,
"casino capitalism" is the natural logic of development of capitalism. In early and incomplete matter
this trend was noticed at early 1990th by many thinkers. This is just the second iteration of the
same trend which was interrupted by the Great Depression and subsequent WWII. So, in a way, replacement of industrial capitalism
with financial capitalism in a natural tendency within the capitalism itself and corruption was contributing, but not decisive factor.
The same is true about globalization, especially about
globalization of financial flows, typical for casino capitalism, which is a form of colonialism (neocolonialism).
this conversion did not happen due to lack of oversight or as a folly. It was a couscous choice made by the
US and GB elite, both of which faced deterioration of rates of return on capital. Also unlike "industrial capitalism"
which was more-or-less stable system, able to outcompete the neo-theocratic system of the USSR, the
financial capitalism is unstable in the same sense as radioactive elements are unstable. And
this instability tend to increase with time. So there is probably natural half-life period for
neoliberalism as a social system. It might be already reached in 2008. In we assume that
global victory of neoliberalism happened in 1990. It is just 18 years. If we think that it
happened in late 60th, then it is closer to 50 years.
The global crisis
of neoliberal capitalism which started from bursting the USA subprime housing bubble in 2008 undermined ideological legitimacy of its central claim that "free
markets" lead to faster and more uniform economic development of all countries. While the peak of its
"ideological" power might be over (much like the peak of attractiveness of "command socialism" was
over after WWII), it will exist in a zombie state for a long time due to economic and military power of the USA and
G7. And as we know from Hollywood films, zombies can be especially bloodthirsty. It probably will remain
the dominant force for at least the next two decades pursuing the same policy of "forceful" opening of energy
rich and resource countries for western multinationals intact using color revolutions and
local wars. But as Napoleon quipped "You can do anything with
bayonets, you just can't sit on them".
Conversion to neoliberal capitalism was a reaction on stagnation of industrial production
and as such it was nurtured and encouraged by a series of government decisions for the last 50 years.
Stagnation of industrial production made expansion of financial sector of paramount importance for the
ruling elite and by extension for Congress which represents this elite. House vote 377:4 for Commodity
Futures Modernization Act of 2000 is pretty telling in this respect.
There were also at least two important parallel developments.
"Appetite comes with eating" and banks which initially rise as an alternative to usury
gradually became indistinguishable from them, the new usury (vampire squid as Matt
Taibbi called GS).
Financial institutions brass became dominant political force partially displacing (or more
correctly complementing) media-military-industrial
complex and oil-energy complex... Sen. Dick Durbin, on a local Chicago radio station
blurted out an obvious truth about Congress which, despite being quite obvious, is rarely
spoken "press scorps" :
“And the banks — hard to believe in a time when we’re facing a banking crisis that many
of the banks created — are still the most powerful lobby on Capitol Hill. And they frankly
own the place.”
In other words the US political system is a brand of corporatism with financial capital
standing on the top stop on interval to Washington, DC corporate hierarchy and holding the most
of political power.
Most respectable authors like Henry Giroux in his article in Counterpunch generally consider the term "casino capitalism"
to be an equivalent to the term Neoliberalism. Here is a relevant quote from Henry Giroux's
Politics in the Age of Casino Capitalism :
There is more at work here than simply a ramped up version of social Darwinism with its savagely
cruel ethic of “reward the rich, penalize the poor, [and] let everyone fend for themselves,” [ii]
there is also a full scale attack on the social contract, the welfare state, economic equality, and
any viable vestige of moral and social responsibility. The Romney-Ryan appropriation of Ayn Rand’s
ode to selfishness and self-interest is of particular importance because it offers a glimpse of a
ruthless form of extreme capitalism in which the poor are considered “moochers,” viewed with contempt,
and singled out to be punished. But this theocratic economic fundamentalist ideology does more. It
destroys any viable notion of the and civic virtue in which the social contract and common good provide
the basis for creating meaningful social bonds and instilling in citizens a sense of social and civic
responsibility. The idea of public service is viewed with disdain just as the work of individuals,
social groups, and institutions that benefit the citizenry at large are held in contempt.
As George Lakoff and Glenn W. Smith point out, casino capitalism creates a culture of cruelty: “its horrific
effects on individuals-death, illness, suffering, greater poverty, and loss of opportunity, productive
lives, and money.”[iii]
But it does more by crushing any viable notion of the common good and public
life by destroying “the bonds that hold us together.”[iv] Under casino capitalism, the spaces, institutions,
and values that constitute the public are now surrendered to powerful financial forces and viewed
simply as another market to be commodified, privatized and surrendered to the demands of capital.
With religious and market-driven zealots in charge, politics becomes an extension of war; greed and
self-interest trump any concern for the well-being of others; reason is trumped by emotions rooted
in absolutist certainty and militaristic aggression; and skepticism and dissent are viewed as the
work of Satan.
If the Republican candidacy race of 2012 is any indication, then political discourse in the United
States has not only moved to the right—it has been introducing totalitarian values and ideals into
the mainstream of public life. Religious fanaticism, consumer culture, and the warfare state work
in tandem with neoliberal economic forces to encourage privatization, corporate tax breaks, growing
income and wealth inequality, and the further merging of the financial and military spheres in ways
that diminish the authority and power of democratic governance.[v] Neoliberal interests in freeing
markets from social constraints, fueling competitiveness, destroying education systems, producing
atomized subjects, and loosening individuals from any sense of social responsibility prepare the
populace for a slow embrace of social Darwinism, state terrorism, and the mentality of war — not least
of all by destroying communal bonds, dehumanizing the other, and pitting individuals against the
communities they inhabit.
Totalitarian temptations now saturate the media and larger culture in the language of austerity
as political and economic orthodoxy. What we are witnessing in the United States is the normalization
of a politics that exterminates not only the welfare state, and the truth, but all those others who
bear the sins of the Enlightenment — that is, those who refuse a life free from doubt. Reason and freedom
have become enemies not merely to be mocked, but to be destroyed. And this is a war whose totalitarian
tendencies are evident in the assault on science, immigrants, women, the elderly, the poor, people
of color, and youth.
What too often goes unsaid, particularly with the media’s focus on inflammatory
rhetoric, is that those who dominate politics and policymaking, whether Democrats or Republicans,
do so largely because of their disproportionate control of the nation’s income and wealth. Increasingly,
it appears these political elite choose to act in ways that sustain their dominance through the systemic
reproduction of an iniquitous social order. In other words, big money and corporate power rule while
electoral politics are rigged. The secrecy of the voting booth becomes the ultimate expression of
democracy, reducing politics to an individualized purchase—a crude form of economic action. Any form
of politics willing to invest in such ritualistic pageantry only adds to the current dysfunctional
nature of our social order, while reinforcing a profound failure of political imagination. The issue
should no longer be how to work within the current electoral system, but how to dismantle it and
construct a new political landscape that is capable of making a claim on equity, justice, and democracy
for all of its inhabitants. Obama’s once inspiring call for hope has degenerated into a flight from
The Obama administration has worked to extend the policies of the George W. Bush
administration by legitimating a range of foreign and domestic policies that have shredded civil
liberties, expanded the permanent warfare state, and increased the domestic reach of the punitive
surveillance state. And if Romney and his ideological cohorts, now viewed as the most extremists
faction of the Republican Party, come to power, surely the existing totalitarian and anti-democratic
tendencies at work in the United States will be dangerously intensified.
Alternatively, we could have spent more time studying the work of Hyman Minsky. We could also
have considered the possibility that, just as Keynes’s ideas were tested to destruction in the
1950s, 1960s and 1970s, Milton Friedman’s ideas might suffer a similar fate in the 1980s, 1990s
and 2000s. All gods fail, if one believes too much. Keynes said, of course, that "practical men
… are usually the slaves of some defunct economist". So, of course, are economists, even if the defunct economists are sometimes still alive.
Casino capitalism is a nickname for nailibelism. Probably more properly nickname
would be financial corporatism. While
the key idea of corporatism: that political actors are not individual people, but some associations
and first of all corporations (which are officially considered to be "persons" and have rights
as well as
trade unions and some other associations) remains intact, financial corporatism is different from classic corporatism in several
- Financial corporatism puts financial oligarchy at the top of pecking order. It is, like the USSR
Nomenklatura, the new ruling class similar to aristocracy in the last, which is allowed to operate essentially outside the law.
The top of this hierachy, kinds of Politburo of neoliberal order are the head sof major
transnational financial corporations ("Masters of the Universe") such as CEO of Goldman Sachs,
Citibank, who now have real political power (GS traditionally controls the Treasury
appointment and most of them were in recent administration were filled with GS alumnae)
- Instead of the charismatic leader, "free markets" are deified. People mobilization typical for
corporatism is no longer needed and passivity of individual (or, more correctly, limiting his
activities to consumption) is preferred (Inverted
- Labor unions are considered undesirable political actors and organized labor is
blackmailed and prosecuted. While classic corporatism suppressed labor protests by forcing labor unions to asset brokered
by government settlements with capital owners, under casino capitalism labor unions are
considered undesirable political actors and organized labor is blackmailed and prosecuted. Only private corporations
are first class citizens. Atomization of employees by brainwashing people to view
themselves as individual sellers of their labor on job market (rigged by corporations) also make social protest more difficult and
allow capital to dictate condition of employment including shrinking of permanent employment
workforce in favor of contractors and part-timers that we observe in the USA.
- The idea of social justice (which in classic corporatism was limited to the middle class of a
particular nation, anyway), was replaced (or more precisely, limited) it to the well-being of transnational,
mainly financial, elite (aka top 1%, or at most top 10% ). Financial corporatism is not only hostile to labor unions,
it's hostile to the large part of the middle class as well.
- Casino capitalism is international in nature
and ideologically close to Trotskyism (Trotskyism
for rich). While classic corporatism is national, financial corporatism is international by its nature
making it closer to Trotskyism (with the replacement of Communist Party as the vanguard on
world proletariat with financial oligarchy as a vanguard of transnational elite).
Like Trotskyism it is aggressive and use military force for propagating to any country which resist
it (similar to Trotskyism idea of Permanent revolution is implemented via
color revolutions which
serve for establishing in the country a neoliberal social order).
- Promise of well-being is fake. Most of neoliberal ideology is based on lies and
distortions. So powerful propaganda
machine is required for constant brainwashing of population, promising them increase of
individual standards of living to the level that exists in the USA and G7. Which for most
countries can't be achieved.
Historically corporatism in various modifications
became dominant social system after WWII and defeated "command socialism" as was implemented in the
USSR. Here is an instructive review of corporatism history (The
Economic System of Corporatism):
In the last half of the 19th century people of the working class in Europe were beginning to show
interest in the ideas of socialism and syndicalism. Some members of the intelligentsia, particularly
the Catholic intelligentsia, decided to formulate an alternative to socialism which would
emphasize social justice without the radical solution of the abolition of private property.
The result was called Corporatism. The name had nothing to do with the notion of a business corporation
except that both words are derived from the Latin word for body, corpus.
The basic idea of corporatism is that the society and economy of a country should be organized
into major interest groups (sometimes called corporations) and representatives of those interest
groups settle any problems through negotiation and joint agreement. In contrast to a market
economy which operates through competition a corporate economic works through collective bargaining.
The American president Lyndon Johnson had a favorite phrase that reflected the spirit of corporatism.
He would gather the parties to some dispute and say, "Let us reason together."
Under corporatism the labor force and management in an industry belong to an industrial organization.
The representatives of labor and management settle wage issues through collective negotiation. While
this was the theory in practice the corporatist states were largely ruled according to the dictates
of the supreme leader.
One early and important theorist of corporatism was Adam Müller, an advisor to Prince Metternich
in what is now eastern Germany and Austria. Müller propounded his views as an antidote to the twin
dangers of the egalitarianism of the French Revolution and the laissez faire economics of Adam Smith.
In Germany and elsewhere there was a distinct aversion among rulers to allow markets to function
without direction or control by the state. The general culture heritage of Europe from the medieval
era was opposed to individual self-interest and the free operation of markets. Markets and private
property were acceptable only as long as social regulation took precedence over such sinful motivations
Coupled with the anti-market sentiments of the medieval culture there was the notion that
the rulers of the state had a vital role in promoting social justice. Thus corporatism was
formulated as a system that emphasized the positive role of the state in guaranteeing social justice
and suppressing the moral and social chaos of the population pursuing their own individual self-interests.
And above all else, as a political economic philosophy corporatism was flexible. It could
tolerate private enterprise within limits and justify major projects of the state. Corporatism
has sometimes been labeled as a Third Way or a mixed economy, a synthesis of capitalism and socialism,
but it is in fact a separate, distinctive political economic system.
Although rulers have probably operated according to the principles of corporatism from time immemorial
it was only in the early twentieth century that regimes began to identify themselves as corporatist.
The table below gives some of those explicitly corporatist regimes.
|Corporatist Regimes of the Early Twentieth Century
|Country, Religion, Monarchy
||Miguel Primo de Rivera
|Third Hellenic Civilization
In the above table several of the regimes were brutal, totalitarian dictatorships,
usually labeled fascist, but not all the regimes that had a corporatist foundation were fascist.
In particular, the Roosevelt New Deal despite its many faults could not be described as fascist.
But definitely the New Deal was corporatist. The architect for the initial New Deal
program was General Hugh Johnson. Johnson had been the administrator of the military mobilization
program for the U.S. under Woodrow Wilson during World War I. It was felt that he did a good
job of managing the economy during that period and that is why he was given major responsibility
for formulating an economic program to deal with the severe problems of the Depression. But
between the end of World War I and 1933 Hugh Johnson had become an admirer of Mussolini's National
Corporatist system in Italy and he drew upon the Italian experience in formulating the New Deal.
It should be noted that many elements of the early New Deal were later declared unconstitutional
and abandoned, but some elements such as the National Labor Relations Act which promoted unionization
of the American labor force are still in effect. One part of the New Deal was the development
of the Tennessee River Valley under the public corporation called the Tennessee Valley Authority
(TVA). Some of the New Dealer saw TVA as more than a public power enterprise. They hoped to make
TVA a model for the creation of regional political units which would replace state governments. Their
goal was not realized. The model for TVA was the river development schemes carried out in Spain in
the 1920's under the government of Miguel Primo de Rivera. Jose Antonio Primo de Rivera, the son
of Miguel Primo de Rivera, was the founder of Franco's National Syndicalism.
Corporatist regime typically promote large governmental projects such as TVA on the basis
that they are too large to be funded by private enterprise. In Brazil the Vargas regime created
many public enterprises such as in iron and steel production which it felt were needed but private
enterprise declined to create. It also created an organized labor movement that came to control those
public enterprises and turned them into overstaffed, inefficient drains on the public budget.
Although the above locates the origin of corporatism in 19th century France it roots can be traced
much further back in time. Sylvia Ann Hewlett in her book, The Cruel Dilemmas of Development:
Twentieth Century Brazil, says,
Corporatism is based on a body of ideas that can be traced through Aristotle, Roman law, medieval
social and legal structures, and into contemporary Catholic social philosophy. These
ideas are based on the premise that man's nature can only be fulfilled within a political
The central core of the corporatist vision is thus not the individual but the political
community whose perfection allows the individual members to fulfill themselves and find happiness.
The state in the corporatist tradition is thus clearly interventionist and powerful.
Corporatism is collectivist; it is a different version of collectivism than socialism but it is
definitely collectivist. It places some importance on the fact that private property is not
nationalized, but the control through regulation is just as real. It is de facto nationalization
without being de jure nationalization.
Although Corporatism is not a familiar concept to the general public, most of the
economies of the world are corporatist in nature. The categories of socialist and pure market
economy are virtually empty. There are only corporatist economies of various flavors.
These flavors of corporatism include the social democratic regimes of Europe and the Americas,
but also the East Asian and Islamic fundamentalist regimes such as Taiwan, Singapore and Iran. The
Islamic socialist states such as Syria, Libya and Algeria are more corporatist than socialist, as
was Iraq under Saddam Hussain. The formerly communist regimes such as Russia and China are
now clearly corporatist in economic philosophy although not in name.
Sine ira et studio
The term "Quiet
coup" which means the hijacking of the political power in the USA by financial oligarchy was introduced
by Simon H. Johnson, a British-American economist, who currently is the Ronald A. Kurtz Professor of
Entrepreneurship at the MIT Sloan School of Management and a senior fellow at the Peterson Institute
for International Economics. From March 2007 through the end of August 2008, he was Chief Economist
of the International Monetary Fund. The term was introduced in his article in Atlantic magazine,
published in May 2009(The
Quiet Coup - Simon Johnson - The Atlantic). Which opens with a revealing paragraph:
The crash has laid bare many unpleasant truths about the United States. One of the most alarming,
says a former chief economist of the International Monetary Fund, is that the finance industry
has effectively captured our government
The wealth of financial sector gave it unprecedented opportunities of simply buying the political
power iether directly or indirectly (via revolving door mechanism):
Becoming a Banana Republic
In its depth and suddenness, the U.S. economic and financial crisis is shockingly reminiscent
of moments we have recently seen in emerging markets (and only in emerging markets): South Korea
(1997), Malaysia (1998), Russia and Argentina (time and again). In each of those cases, global investors,
afraid that the country or its financial sector wouldn’t be able to pay off mountainous debt, suddenly
stopped lending. And in each case, that fear became self-fulfilling, as banks that couldn’t roll
over their debt did, in fact, become unable to pay. This is precisely what drove Lehman Brothers
into bankruptcy on September 15, causing all sources of funding to the U.S. financial sector to dry
up overnight. Just as in emerging-market crises, the weakness in the banking system has quickly rippled
out into the rest of the economy, causing a severe economic contraction and hardship for millions
But there’s a deeper and more disturbing similarity: elite business interests—financiers,
in the case of the U.S.—played a central role in creating the crisis, making ever-larger gambles,
with the implicit backing of the government, until the inevitable collapse. More alarming, they
are now using their influence to prevent precisely the sorts of reforms that are needed, and fast,
to pull the economy out of its nosedive. The government seems helpless, or unwilling, to act
Top investment bankers and government officials like to lay the blame for the current crisis on
the lowering of U.S. interest rates after the dotcom bust or, even better—in a “buck stops somewhere
else” sort of way—on the flow of savings out of China. Some on the right like to complain about Fannie
Mae or Freddie Mac, or even about longer-standing efforts to promote broader homeownership. And,
of course, it is axiomatic to everyone that the regulators responsible for “safety and soundness”
were fast asleep at the wheel.
But these various policies — lightweight regulation, cheap money, the unwritten Chinese-American
economic alliance, the promotion of homeownership—had something in common. Even though some are traditionally
associated with Democrats and some with Republicans, they all benefited the financial sector.
Policy changes that might have forestalled the crisis but would have limited the financial sector’s
profits — such as Brooksley Born’s now-famous attempts to regulate credit-default swaps at the Commodity
Futures Trading Commission, in 1998—were ignored or swept aside.
The financial industry has not always enjoyed such favored treatment. But for the past 25 years
or so, finance has boomed, becoming ever more powerful. The boom began with the Reagan years, and
it only gained strength with the deregulatory policies of the Clinton and George W. Bush administrations.
Several other factors helped fuel the financial industry’s ascent. Paul Volcker’s monetary policy
in the 1980s, and the increased volatility in interest rates that accompanied it, made bond trading
much more lucrative. The invention of securitization, interest-rate swaps, and credit-default swaps
greatly increased the volume of transactions that bankers could make money on. And an aging and increasingly
wealthy population invested more and more money in securities, helped by the invention of the IRA
and the 401(k) plan. Together, these developments vastly increased the profit opportunities in financial
Not surprisingly, Wall Street ran with these opportunities. From 1973 to 1985, the financial sector
never earned more than 16 percent of domestic corporate profits. In 1986, that figure reached 19
percent. In the 1990s, it oscillated between 21 percent and 30 percent, higher than it had ever been
in the postwar period. This decade, it reached 41 percent. Pay rose just as dramatically. From 1948
to 1982, average compensation in the financial sector ranged between 99 percent and 108 percent of
the average for all domestic private industries. From 1983, it shot upward, reaching 181 percent
The great wealth that the financial sector created and concentrated gave bankers enormous
political weight — a weight not seen in the U.S. since the era of J.P. Morgan (the man). In
that period, the banking panic of 1907 could be stopped only by coordination among private-sector
bankers: no government entity was able to offer an effective response. But that first age of banking
oligarchs came to an end with the passage of significant banking regulation in response to the Great
Depression; the reemergence of an American financial oligarchy is quite recent.
He further researched this theme in his book 2010 book
13 Bankers The Wall Street Takeover and the Next Financial Meltdown (ISBN 978-0307379054), coauthored with James Kwak. They also founded and regularly
contributes to the economics blog The Baseline Scenario. See also
of Casino Capitalism
The net effect of the ideological counter-revolution based on market fundamentalism ideology was
that it restored the power of financial oligarchy typical for Gilded Age. As Simon Johnson argues
that was partially done by subverting regulators and that
institutions always disproportionately influence public policy:
The second problem the U.S. faces—the power of the oligarchy—is just as important as the immediate
crisis of lending. And the advice from the IMF on this front would again be simple: break the oligarchy.
Oversize institutions disproportionately influence public policy; the major banks we have
today draw much of their power from being too big to fail. Nationalization and re-privatization
would not change that; while the replacement of the bank executives who got us into this crisis would
be just and sensible, ultimately, the swapping-out of one set of powerful managers for another would
change only the names of the oligarchs.
Ideally, big banks should be sold in medium-size pieces, divided regionally or by type of business.
Where this proves impractical—since we’ll want to sell the banks quickly—they could be sold whole,
but with the requirement of being broken up within a short time. Banks that remain in private hands
should also be subject to size limitations.
This may seem like a crude and arbitrary step, but it is the best way to limit the power of individual
institutions in a sector that is essential to the economy as a whole. Of course, some people
will complain about the "efficiency costs" of a more fragmented banking system, and these costs are
real. But so are the costs when a bank that is too big to fail—a financial weapon of mass self-destruction—explodes.
Anything that is too big to fail is too big to exist.
To ensure systematic bank breakup, and to prevent the eventual reemergence of dangerous behemoths,
we also need to overhaul our antitrust legislation. Laws put in place more than 100years ago to combat
industrial monopolies were not designed to address the problem we now face. The problem in the financial
sector today is not that a given firm might have enough market share to influence prices; it is that
one firm or a small set of interconnected firms, by failing, can bring down the economy. The
Obama administration’s fiscal stimulus evokes FDR, but what we need to imitate here is Teddy Roosevelt’s
Caps on executive compensation, while redolent of populism, might help restore the political
balance of power and deter the emergence of a new oligarchy. Wall Street’s main attraction—to
the people who work there and to the government officials who were only too happy to bask in its
reflected glory—has been the astounding amount of money that could be made. Limiting that money would
reduce the allure of the financial sector and make it more like any other industry.
Still, outright pay caps are clumsy, especially in the long run. And most money is now made in
largely unregulated private hedge funds and private-equity firms, so lowering pay would be complicated.
Regulation and taxation should be part of the solution. Over time, though, the largest part
may involve more transparency and competition, which would bring financial-industry fees down. To
those who say this would drive financial activities to other countries, we can now safely say: fine.
To paraphrase Joseph Schumpeter, the early-20th-century economist, everyone has elites; the important
thing is to change them from time to time. If the U.S. were just another country, coming to the IMF
with hat in hand, I might be fairly optimistic about its future. Most of the emerging-market crises
that I’ve mentioned ended relatively quickly, and gave way, for the most part, to relatively strong
recoveries. But this, alas, brings us to the limit of the analogy between the U.S. and emerging markets.
Emerging-market countries have only a precarious hold on wealth, and are weaklings globally. When
they get into trouble, they quite literally run out of money—or at least out of foreign currency,
without which they cannot survive. They must make difficult decisions; ultimately, aggressive
action is baked into the cake. But the U.S., of course, is the world’s most powerful nation, rich
beyond measure, and blessed with the exorbitant privilege of paying its foreign debts in its own
currency, which it can print. As a result, it could very well stumble along for years—as Japan did
during its lost decade—never summoning the courage to do what it needs to do, and never really recovering.
A clean break with the past—involving the takeover and cleanup of major banks—hardly looks like a
sure thing right now. Certainly no one at the IMF can force it.
In my view, the U.S. faces two plausible scenarios. The first involves complicated bank-by-bank
deals and a continual drumbeat of (repeated) bailouts, like the ones we saw in February with Citigroup
and AIG. The administration will try to muddle through, and confusion will reign.
Boris Fyodorov, the late finance minister of Russia, struggled for much of the past 20 years against
oligarchs, corruption, and abuse of authority in all its forms. He liked to say that confusion and
chaos were very much in the interests of the powerful—letting them take things, legally and illegally,
with impunity. When inflation is high, who can say what a piece of property is really worth? When
the credit system is supported by byzantine government arrangements and backroom deals, how do you
know that you aren’t being fleeced?
Our future could be one in which continued tumult feeds the looting of the financial system, and
we talk more and more about exactly how our oligarchs became bandits and how the economy just can’t
seem to get into gear.
The second scenario begins more bleakly, and might end that way too. But it does provide at least
some hope that we’ll be shaken out of our torpor. It goes like this: the global economy continues
to deteriorate, the banking system in east-central Europe collapses, and—because eastern Europe’s
banks are mostly owned by western European banks—justifiable fears of government insolvency spread
throughout the Continent. Creditors take further hits and confidence falls further. The Asian economies
that export manufactured goods are devastated, and the commodity producers in Latin America and Africa
are not much better off. A dramatic worsening of the global environment forces the U.S. economy,
already staggering, down onto both knees. The baseline growth rates used in the administration’s
current budget are increasingly seen as unrealistic, and the rosy "stress scenario" that the U.S.
Treasury is currently using to evaluate banks’ balance sheets becomes a source of great embarrassment.
Under this kind of pressure, and faced with the prospect of a national and global collapse, minds
may become more concentrated.
The conventional wisdom among the elite is still that the current slump "cannot be as bad as the
Great Depression." This view is wrong. What we face now could, in fact, be worse than the Great Depression—because
the world is now so much more interconnected and because the banking sector is now so big. We face
a synchronized downturn in almost all countries, a weakening of confidence among individuals and
firms, and major problems for government finances. If our leadership wakes up to the potential consequences,
we may yet see dramatic action on the banking system and a breaking of the old elite. Let us hope
it is not then too late.
It is pretty interesting to see how financial oligarchy filters information provided to the population
to fit their biases. For example, the key facts about repeal of Glass-Steagall law (BTW Joe
Biden voted for it) mostly hidden from the public:
- Glass-Steagall had been weakened under Reagan, under the recommendation of Alan Greenspan who
was essentially a Wall Street mole in Fed (see below the concept introduced by
Willem Buiter of ‘cognitive regulatory
capture’ of the Fed by Wall Street.)
- Clinton administration and Congress supported the repeal but it was Phil Gramm who made it happened.
Not only he was the main cheerleader for the repeal. Gramm essentially wrote the bill. As NYT noted:
The measure, which Mr. Gramm helped write and move through the Senate, also split up oversight
of conglomerates among government agencies. The Securities and Exchange Commission, for example,
would oversee the brokerage arm of a company. Bank regulators would supervise its banking operation.
State insurance commissioners would examine the insurance business. But no single agency would
have authority over the entire company.
"There was no attention given to how these regulators would interact with one another," said
Professor Cox of Duke. "Nobody was looking at the holes of the regulatory structure."
The arrangement was a compromise required to get the law adopted. When the law was signed in
November 1999, he proudly declared it "a deregulatory bill," and added, "We have learned government
is not the answer."
- Support was bipartisan which tells something about Clinton Congress:
- REPUBLICANS FOR (52): Abraham, Allard, Ashcroft, Bennett, Brownback, Bond, Bunning, Burns,
Campbell, Chafee, Cochran, Collins, Coverdell, Craig, Crapo, DeWine, Domenici, Enzi, Frist, Gorton,
Gramm (Tex.), Grams (Minn.), Grassley, Gregg, Hegel, Hatch, Helms, Hutchinson (Ark.), Hutchison
(Tex.), Inhofe, Jeffords, Kyl, Lott, Lugar, Mack, McConnell, Murkowski, Nickles, Roberts, Roth,
Santorum, Sessions, Smith (N.H.), Smith (Ore.), Snowe, Specter, Stevens, Thomas, Thompson, Thurmond,
Voinovich and Warner.
- DEMOCRATS FOR (38): Akaka, Baucus, Bayh, Biden, Bingaman, Breaux, Byrd, Cleland, Conrad, Daschle,
Dodd, Durbin, Edwards, Feinstein, Graham (Fla.), Hollings, Inouye, Johnson, Kennedy, Kerrey (Neb.),
Kerry (Mass.), Kohl, Landrieu, Lautenberg, Leahy, Levin, Lieberman, Lincoln, Moynihan, Murray,
Reed (R.L), Reid (Nev.), Robb, Rockefeller, Sarbanes, Schumer, Torricelli and Wyden.
Commodity Futures Trading Commission — under the leadership of Mr. Gramm’s wife, Wendy — had
approved rules in 1989 and 1993 exempting some swaps and derivatives from regulation. In
December 2000, the Commodity Futures Modernization Act was passed as part of a larger bill by unanimous
consent after Senator Gramm dominated the Senate debate...
"He was the architect, advocate and the most knowledgeable person in Congress on these topics,"
Mr. Donovan said. "To me, Phil Gramm is the single most important reason for the current financial
"The virtually unregulated over-the-counter market in credit-default swaps has played a significant
role in the credit crisis, including the now $167 billion taxpayer rescue of A.I.G.,"
Christopher Cox, the chairman of the S.E.C. and a former congressman, said Friday.
But you will never find discussion of flaws and adverse consequences Phil Gram (or Greenspan for
a change) initiatives in Heritage Foundation and other right-wing think tanks publications.
So what we are experiencing is a the completion of the transformation of one phase of capitalism
to another. It happened in stages:
Manufacturing stagnated and can't provide the "decent" rate of growth. Competition from
re-built Europe and Asian markets severely stressed the US manufacturing. due to competition
return of capital dropped and in several industries became negative.
Computers brought innovations into financial markets. They make possible real time trading
of induces like S&P500, complex financial instruments like derivatives, etc. Later they enables superfast
trading (HFT). All those instruments dramatically increased the possibilities of extracting the rent
by financial institutions from the society.
Globalization kicked in due to new opportunities offered by high speed global communications
(Internet). And that is not limited to outsourcing. Due to globalization the sheer size of the
financial markets increased to the extent that they started to represent a different, new transnational
phenomena allowing new types of redistribution of wealth to be practiced. Integration of Russian
elite (oligarchs) is just one example of this process. In case of pro-western oligarchs (fifth
column) West went to significant length to protect them and their racket (Mikhail
Khodorkovsky - Wikipedia,)
Commercial banks turned into investment banks to exploit this opportunity.
Financial sector completely corrupted academic science converting most economists to pay prostitutes
which serve their interests.
Collapse of the USSR provided the financial sector major shoot in the arm and a golden, once
in century opportunity to finance new half-billion consumers and stole for a penny on a dollar huge
industrial assets and natural resources as well as put most of those countries in the debt (Latin-Americanization
of xUSSR space). Harvard Mafia (with some
support from London) did the bidding of western banks in xUSSR space. As more becomes known about
the laundering of Russian money in Western banks, many in the United States will likely try to hide
behind stories of faraway organized crime. But U.S. policy toward Russia has contributed to that
country's sorry conditions--with the Harvard Institute for International Development's Russia project
(HIID) playing a major role (Harvard's
'Best and Brightest' Aided Russia's Economic Ruin ). Professor
Jeffery Sacks provided
a bogus idea of "shock therapy" to achieve spectacular for Western banks result. As a result all
xUSSR space became new Latin America with typical for Latin America problems like huge level of inequality,
prostitution, child poverty, and prominent role of organized crime.
Banks became dominant political force on western societies with no real counterbalance from
other parts of the elite. The first president completely subservient to banking elite was elected
in the USA in 1992. Bill Clinton regime lasted eight years and along with
economic rape of xUSSR space in best colonial powers tradition, it removed what was left of financial
regulations after the flurry of deregulation of the early 1980s. And they behaved as an occupying
force not only in xUSSR space but in the USA as well. They deprived workers out of their jobs, they
abolished the US pension system as it impede playing with population money and replaced in with widely
inadequate 401K plans. They deprived municipalities out of their revenues and assets, while municipalities
became just a den of bond traders looking for then next mark which give them the ability to put municipalities
deeper in debt.
Newly acquired political power of financial elite speeded the shift to bank "self-regulation"
created huge shadow banking system which dwarf "official" under the smoke screen of "free-market"
propaganda and PR from a coterie of corrupts academics (Chicago
Scholl, Harvard Mafia, etc) . It engaged
in pursuit of short term profits and self-enrichment of top brass which became new elite by-and-large
displacing not only the old one, but also the newly minted IT elite of dot-com boom. Using newly
acquired power financial elite remove all regulations that hamper their interests.
Glass-Steagall was repealed at the last
days of Clinton presidency, financial derivatives became unregulated.
Deindustrialization kicked in. As financial speculation proved to be much more profitable
to other activities deindustrialization kicked in the USA as the financial center of the world. Outsourcing
which first was limited to manufacturing jobs now extent its reach on IT and decimate previously
profitable sector and its export potential.
Externalities can no longer be suppressed and economics became unstable. Growth of inequality,
job insecurity, as well as frequency of financial crises were natural consequences of financialization
of the economy. They create huge imbalances, like bubble in residential real estate which was blown
with the help and full support of the USA government as a way to overcome dot-com crisis consequences.
Debt crisis strikes. Growth of debt became unsustainable and produces the financial crisis
of enormous proportions. By their reckless policies and greed financial sector caused huge financial
crisis of 2008 and now they are forcing national governments to auction off their cultural heritage
to the highest bidder. Everything must go in fire sales at prices rigged by twenty-something largest
banks, the most corrupt institutions the world has ever known.
Devastating "local" wars became "new normal". Due to financial crisis, the overconsumption
in western economies came under threat. Debt expansion which led to overconsumption within the western
economies affected (or infected) by financialization. To sustain the current standard of living financial
expansion became the necessity. It took the form of a competition for spheres of influence in the
area of energy supplies, which we see in post USSR space, Iraq, Libya and elsewhere. And central
banks play critical role in financing wars. After all Banks of England was created with this exact
I think by 2008 when the second major financial crisis hit the USA, the transformation on the USA
economy into casino capitalism, which is essentially implementation of neoliberal doctrine (or more
correctly the US brand of corporatism) was by-and-large complete.
In short we are living in a new politico-economic system in which financial capital won victory over
both labor and industrial capital. We might not like what we got, but financial elite is now a new ruling
class and this fact is difficult to dispute. As a result. instead of the robber barons of the early
20th century (some of whom actually created/consolidated new industries), we have the top executives
from investment banks, insurers and mortgage industry who represent a new Rentier class, much like old
They are living off parasitic monopolization of access to any (physical, financial, intellectual,
etc.) kind of property and gaining significant amount of profit without contribution to society (see
Rentier capitalism which
is a very fuzzy term for neoliberal model of capitalism).
Stagnation of industrial manufacturing droved up financial speculation as the method to compensate
for falling rate on return on capital. This stagnation became prominent during Reagan administration
(which started the major shift toward neoliberalism), although signs of it were present from early 60th.
For example Chicago which was a manufacturing center since 1969 lost approximately 400K manufacturing
jobs which were replaced mainly by FIRE-related jobs, In 1995 over 22% of those employed by FIRE industries
(66K people) were working in executive and managerial positions. Another 17% are in marketing, sales
and processional specialty occupations (computer system analysts, PR specialists, writer and editors).
Those changes in the structure of employment had several consequences:
- The stagnation of the underlying economy meant that capitalists were increasingly dependent
on the growth of finance to preserve and enlarge their money capital.
- The financial superstructure of the capitalist economy could not expand independently of its
base -- underlying productive economy — hence the bursting of speculative bubbles became a recurrent
and growing problem.
- Financialization could never overcome stagnation of industrial production. It is just
an opium for rich, not a structural adjustment of the stagnation-prone economy. But like addition
to narcotics does to human body it does tremendous damage to real economy.
- Rapid increase in inequality is necessary to sustain the appetites of the elite in the system
with fixed size of the pie. Politico-economic conditions might became even more unfavorable for
labor. Stagnation of industrial production mean shrinking pie, which necessitates redistribution
of wealth in favor of a new, all-powerful financial Rentier class. This redistribution resulted in
partial wipe-out of large swats of middle class. For the past three decades, America has steadily
converted itself into a nation of haves (as Bush II quipped "This is an impressive crowd -- the haves
and the have mores! Some people call you the elite -- I call you my base". ) and have-nots. The cost
of a college education rises rapidly at a time when wages for skilled labor stagnate, so access to
college became against discriminated in favor of upper class of the society. Repressive apparatus
and ideological brainwashing are too strong to mount effective resistance.
The key to understanding of Casino Capitalism is that it was a series of government decisions (or
rather non-decisions) that converted the state into neoliberal model. In other words casino capitalism
has distinct "Government property" mark. It was the USA elite, which refused to act responsibly in the
face of changing economic conditions resulting from its own actions, and instead chose to try to perpetuate,
by whatever means it had at its disposal, the institutional advantages of dollar as a reserve currency
which it had vis-à-vis its main economic rivals and grab as large part of the world economic
pie as it can. And this power grab was supported first of all by the role of dollar as currency in which
oil is traded.
There might be some geo-strategically motives as well as the US elite in late 80th perceived that
competitiveness is slipping out of the USA and the danger of deindustrialization is real. Many accuse
Reagan with the desire to ride dollar status as a world reserve currency (exorbitant privilege)
until the horse is dead. That's what real cowboys do in Hollywood movies... But the collapse
of the main rival, the USSR vindicated this strategy and give a strong short in the arm to financialization
of the economy. Actually for the next ten years can be called a triumphal ascend of financialization in
Dominance of FIRE industries clustered up and in recent years reached in the USA quite dramatic proportions.
The old Bolsheviks saying "When we say Lenin we mean the Party and when we say the Party we mean Lenin"
now can be reworded: "Now it we say US banks, we mean the US government and vise versa if we say US
government we mean US banks".
According to the Center for Responsive Politics, the FIRE sector was and is the biggest contributor
to federal candidates in Washington. Companies cannot give directly, so they leave it to bundlers to
solicit maximum contributions from employees and families. They might have been brought down to earth
this year, but they’ve given like Gods: Goldman Sachs, $4.8 million; Citigroup, $3.7 million; J.P. Morgan
Chase & Co., $3.6 million; Merrill Lynch, $2.3 million; Lehman Brothers, $2.1 million; Bank of America,
$2.1 million. Some think the long-term effect of such contributions to individual candidates was clear
in the roll-call votes for the bailout.
Take the controversial first House vote on bailout of major banks on Sept. 29, 2008. According to
CRP, the "ayes" had received 53 percent more contributions from FIRE since 1989 than those who voted
against the bill, which ultimately failed 228 to 205. The 140 House Democrats who voted for the bill
got an average of $188,572 in this election cycle, while the 65 Republicans backing it got an average
of $185,461 from FIRE—about 23 percent more than the bill’s opponents received. A tinkered bill was
passed four days later, 263 to 171.
According to the article
Fire Sale (The American
Conservative) half of Obama’s top ten contributors, together giving him nearly $2.2 million, are
The $13 million contributed by FIRE executives to Obama campaign is probably an undercount. Democratic
committee leaders are also dependent of FIRE contributions. The list includes Sen. Dodd ( please look
at Senator Dodd's top donors for 2007-8 on openSecrets.org
) and Sen. Chuck Schumer ($12 million from FIRE since 1989), Rep. Barney Frank ($2.5 million), and Rep.
Charlie Rangel ($4 million, the top recipient in the House). All of them have been accused of taking
truckloads of contributions while failing to act on the looming mortgage crisis. Dodd finally pushed
mortgage reform last year but by then as his hometown paper, The Hartford Courant stated, "the damage
At the same time rise of financial capital dramatically increased instability. An oversized financial
sector produces instability due to multiple positive feedback loops. In this sense we can talk about
Financial Sector Induced
Systemic Instability of Economy. The whole society became "House of cards", "Giant Enron" and "extension
of Las Vegas". Reckless management, greed and out-right stupidity in playing derivatives games was natural
consequence of the oversized financial sector, not just a human folly. In a way it was dramatic manifestation
of the oversized financial sector negative influence of the economy. And in 2008 it did brought out
economy to the brink of destruction. Peak oil added to suffocating effect on the economy of reckless
gambling (and related debts) of financial sector producing the economic calamity that rivals Great Depression.
Also, like Socialism, Casino Capitalism demands too much of its elite. And in reality,
the financial elite much like Bolsheviks elite, is having its own interests above the interests of the
As Kevin Phillips noted "In the United States, political correctness, religious fundamentalism,
and other inhibitions sometimes dumb down national debate". And the same statement is true for financial
elite that became the center of power under the Casino Capitalism. Due to avalanche of greed the society
became one giant Enron as money that are made from value addition in the form of manufacturing fade
in significance to the volume of the money that is made from shuffling money around. In other was the
Wall Street's locked USA in the situation from which there is no easy exit.
Self-reinforcing ‘positive’ feedback loops prevalent in Casino Capitalism trigger an accelerating
creation of various debt instruments, interest of which at some point overwhelm the system carrying
capacity. Ability to lend against good collateral is quickly exhausted. At some point apparently there
is no good collateral against which lending freely was possible, even at high rates. This
means that each new stage of financial innovation involves scam and fraud, on increasing scale. In other
words Ponzi economy of "saving and loans" is replaced with Madoff economy.
Whether you shift the resulting huge private debt to public to increase confidence or not, the net
result is of this development of events is a crisis and a huge debt that society needs to take. Actually
the debt bubble in 2008 can only be compared to the debt bubble of 1933. The liquidation of Bear Sterns
and Lehman was only a start of consolidation of finances and we need to find something that replace
financial sector dominance in the national economy. It would be nice is some technological breakthrough
happened which would lift the country out of this deep hole.
See Financial Sector
Induced Systemic Instability of Economy for more details.
Like Bolshevism was marked by deification of teaching of Marx and Lenin, converting them into pseudo-religious
doctrine, the Casino Capitalism has its own deified ideological doctrine. It is the ideology of
Neoliberalism. The latter as an ideology
and an agenda seeks to topple democratic capitalism and replace it with a de facto unaccountable
autocratic government which serves as channel of a wealth transfer from the public to a rentier elite.
In a way it is a spectacular example of a successful (in a very negative sense) pseudo-religious doctrine.
Addiction of the societies to disastrous politico-economical doctrines are similar to addictions
to alcohol and drugs in individuals. It is not easy to recover and it takes a long, long time and a
lot of misery. As dissolution of the USSR aptly demonstrated not all societies can make it. In this
case the USSR elite (nomenklatura) simply shed the old ideology as it understood that it will be better
off adopting ideology of neoliberal capitalism; so it was revolution from above. this abrupt
switch created chaos in economics (which was applauded by Washington which under Clinton
administration adopted the stance the Carnage needs to be destroyed and
facilitated the process), criminal privatization
of major industries, and pushed into object poverty the 99% of population of those countries. For
some period under "drunk Yeltsyn" Russia sees to exist as an independent country and became a vassal
This also means that "society at large" did not had effective brakes to the assent of financial plutocracy
(aka financial oligarchy). I would add to this the computer revolution
and internet that made many financial transaction qualitatively different and often dramatically cheaper
that in previous history. Computers also enabled creation of new financial players like mutual funds
(which created a shadow banking system with their bond funds) , hedge funds,
exchange-traded funds (ETFs), as well as high-frequency trading and derivatives.
From the historical view Reaganomics also can be considered to be the US flavor of
Lysenkoism with economics instead of genetics as a target.
Here is how Reaganomics is defined
Reaganomics (a portmanteau
of "Reagan" and "economics") refers to the
economic policies promoted by
United States President
Ronald Reagan. The four
pillars of Reagan's economic policy were to:
- reduce the growth of government spending,
- reduce marginal tax rates on income from labor and capital,
- reduce government regulation of the economy,
- control the money supply to reduce inflation.
In attempting to cut back on domestic spending while lowering taxes, Reagan's approach was a departure
from his immediate predecessors.
Reagan became president during a period of high
unemployment (commonly referred
to as stagflation), which
had largely abated by the time he left office.
Please not that the Number 1 idea ("reduce government spending") was essentially a scam, a smoke
screen designed to attract Rednecks as a powerful voting block. In a way this was a trick similar to
one played by Bolsheviks in Russia with its "worker and peasants rule" smokescreen which covered brutal
dictatorship. In reality all administrations which preached Reagonomics (including Clinton's) expanded
the role of state and government spending. The number two was applied by-and-large to top 1%. The number
three means deregulation in the interests of financial oligarchy and dismantling all social program
that hamper profit of the latter (including privatizing of Social Security). The number fours is a scam,
in the same sense as number one. As soon as financial institutions get in trouble, money are printed
as if there is no tomorrow.
While the essence of Reagonomics was financial deregulation, the other important element was restoring
the Gilded Age level of power of financial oligarchy which influence was diminished by FDR reforms.
In this sense we can say that Reagan revolution was essentially a counter-revolution: an attempt to
reverse the New Deal restrictions on financial sector and restore its dominance in the society.
Like it was the case in Bolshevism the ideology was developed and forced upon the society by a very
small group of players. The key ideas of Casino Capitalism were formulated and implemented by Reagan
administration with some contribution by Nixon (the role of rednecks aka "moral majority", "silent majority"
as an important part of republican political base, which can be attracted to detrimental to its economic
position policies by the smoke screen of false "moral" promises).
It was supported by each president after Reagan (paradoxically with Clinton having the most accomplished
record -- he was the best Republican President in a very perverted way). Like in case of Lysenkoism
opponents were purged and economic departments of the country were captured by principless careerists
ready to tow the party line for personal enrichment. Like in case of Bolshevism, many of those special
breed of careerists rotated from Republican Party into Fed and other government structures. A classic
example of compulsive careerists that were used by finance sector to promote its interests was Alan
One of the key ideas of Reaganomics was the rejection of the sound approach that there should be
a balance between too much government regulation and too little and that government role is important
for smooth functioning of the market. In this area Reagan and its followers can be called Anarchists
and their idea of 'free market" is a misnomer that masks the idea of "anarchic market" (corporate welfare
to be exact -- as it was implemented). Emergence of corporate welfare Queens such as GS,
Citi, AIG, are quite natural consequence of Reaganomics.
|Reaganomics was a the US flavor of Lysenkoism with economics
instead of generics as a target... It can and should be called Economic Lysenkoism.
The most interesting part of Reaganomics was that the power of this ideology made it possible to
conditioned "working class" and middle class to act against their own economic interests. It helped
to ensure the stagnation of wages during the whole 25 years period, which is close to what Soviets managed
to achieve with working class of the USSR, but with much more resentment. This makes it in many ways
very similar to Bolshevism as a whole, not just Lysenkoism (extremes meet or in less flattering way:
"history repeats, first as a tragedy, then as farce).
Along with the term Reaganimics which implicitly stresses the deregulation, the other close term
"market fundamentalism" is often used. Here is how market fundamentalism is defined (Longview
Market Fundamentalism is the exaggerated faith that when markets are left to operate on their
own, they can solve all economic and social problems. Market Fundamentalism has dominated
public policy debates in the United States since the 1980's, serving to justify huge Federal tax
cuts, dramatic reductions in government regulatory activity, and continued efforts to downsize the
government’s civilian programs.
Some level of government coercion (explicit or implicit ) is necessary for proper labeling of any
pseudo-scientific theory with the term Lysenkoism. This holds true for both
Market Fundamentalism (after all
Reagan revolution was "revolution from above" by financial oligarchy and for financial oligarchy and
hired guns from academia just do what powers that be expected) and, especially,
side economic. The political genius of those ideas is evident. Supply-side economics transformed
Republicans from a minority party into a majority party. It allowed them to promise lower taxes, lower
deficits and, in effect, unchanged spending. Why should people not like this combination? Who does not
like a free lunch?
In this sense the Republican Party played the role very similar to the Communist Party of the USSR.
For example supply side economics was too bizarre and would never survive without explicit government
support. This notion is supported by many influential observers. For example, in the following
comment for Krugman article (Was
the Great Depression a monetary phenomenon):
Market fundamentalism (neoclassical counter-revolution — to be more academic) was more of a
political construct than based on sound economic theory. However, it would take a while before
its toxic legacy is purged from the economics departments. Indeed, in some universities this
might never happen.
Extreme deregulation and extreme regulation (Brezhnev socialism) logically meets and both represent
a variant of extremely corrupt society that cannot be sustained for long (using bayonets as in the case
of USSR or using reserve currency and increasing leverage as is the case of the USA). In both cases
the societies were economically and ideologically bankrupt at the end.
Actually, elements of market fundamentalism looks more like religious doctrine than political philosophy
— and that bonds its even closer to Lysenkoism. In both cases critics were silenced with the help of
the state. It is interesting to note that Reaganomics was wiped into frenzy after the dissolution of
the USSR, the country which gave birth to the term of Lysenkoism. In a way the last act of the USSR
was to stick a knife in the back of the USA. As a side note I would like to stress that contrary to
critics the USSR was more of a neo-feudal society with elements of slavery under Stalin. Gulag population
were essentially state slaves; paradoxically a somewhat similar status is typical for illegal immigrants
in industrialized countries. From this point of view this category of "state slaves" is generally more
numerous that gulag inmates. Prison population also can be counted along those lines.
It look like either implicitly or explicitly Reagan's bet was on restoration of gilded Age with its
dominance of financial oligarchy, an attempt to convert the USA into new Switzerland on the "exorbitant
privilege" of dollar status as the global fiat currency.
Casino Capitalism is characterized by political dominance of FIRE industries (finance, insurance,
and real estate) and diminished role of other and first of all manufacturing industries. It was also
accompanied by the drastic growth of inequality (New Gilded Age). Its defining feature is "the triumph
of the trader in assets over the long-term producer" in
Attempts of theoretical justification of Economic Lysenkoism fall into several major categories:
Those can be called pillars, cornerstones of Economic Lysenkoism. Each of the deserves as separate
article (see links above).
Historically especially important was
Chicago school of market fundamentalism
promoted pseudo-scientific theories of Milton Freedman (Chicago
School) as well as
supply side economics.
The huge boost of Casino Capitalism was given by the collapse of the USSR in 1991. That gave a second
life to Reagan era. Collapse of the USSR was used as a vindication of market fundamentalism. After it
New Deal regulations were systematically destroyed. Dumped down variants of
like bastardatized variant promoted by Russian emigrant became fashionable with an individual "creative"
entrepreneur as a new Übermensch,
which stands above morality.
"The word Übermensch [designates] a type of supreme achievement, as opposed to 'modern' men, 'good'
men, Christians, and other nihilists ... When I whispered into the ears of some people that they
were better off looking for a
Cesare Borgia than a
Parsifal, they did not believe
Safranski argues that the combination of ruthless
warrior pride and artistic brilliance
that defined the Italian
Renaissance embodied the sense of the Übermensch for Nietzsche. According to Safranski, Nietzsche
intended the ultra-aristocratic figure of the Übermensch to serve as a Machiavellian bogeyman of
the modern Western middle class and its pseudo-Christian egalitarian value system.
The instability and volatility of active markets can devalue the economic base of real lives, or
in more macro-scenarios can lead to the collapse of national and regional economies. In a very interesting
and grotesque way it also incorporates the key element of Brezhnev Socialism in everyday life: huge
manipulation of reality by mass media to the extend that Pravda and the USSR First TV Channel look pretty
objective in comparison with Fox news and Fox controlled newspapers. Complete poisoning of public discourse
and relying on the most ignorant part of the population as the political base (pretty much reminiscent
of how Bolsheviks played "Working Class Dictatorship" anti-intellectualism card; it can be called "Rednecks
While transformation to casino capitalism was an objective development, there were specific individuals
who were instrumental in killing New Deal regulations. We would single out the following twelve figures:
- Ronald Reagan
(although first steps toward casino capitalism were made under Carter).
- Milton Friedman
- Alan Greenspan
- Phil Gramm
- Robert Rubin
- Larry Summers
- Bush II
- Bill Clinton
- Sandy Weill
- Jeffrey Sachs
with his "shock therapy" racket
- Martin Feldstein
There is no question that Reagan and most of his followers (Greenspan, Rubin, Phil Gramm, etc) were
rabid radicals blinded by ideology. But they were radicals of quite different color then FDR with disastrous
consequences for society. Here again the analogy with Bolsheviks looms strong. In a way, they can be
called financial terrorists inflicting huge damage on the nation and I wonder if RICO can be use to
prosecute at least some of them.
In Bailout Nation (Chapter 19) Barry
Ritholtz tried to rank major players that led country into the current abyss:
1. Federal Reserve Chairman
2. The Federal Reserve
(in its role of setting monetary policy)
3. Senator Phil
4-6. Moody’s Investors Service, Standard & Poor’s, and Fitch Ratings (rating agencies)
7. The Securities and
Exchange Commission (SEC)
8-9. Mortgage originators and lending banks
11. The Federal Reserve again (in its role as bank regulator)
12. Borrowers and home buyers
13-17. The five biggest Wall Street firms (Bear Stearns, Lehman Brothers, Merrill Lynch,Morgan Stanley,
and Goldman Sachs) and their CEOs
18. President George
19. President Bill
20. President Ronald
21-22. Treasury Secretary Henry Paulson
23-24. Treasury Secretaries
Robert Rubin and
25. FOMC Chief Ben
26. Mortgage brokers
27. Appraisers (the dishonest ones)
28. Collateralized debt obligation (CDO) managers (who produced the junk)
29. Institutional investors (pensions, insurance firms, banks, etc.) for
buying the junk
30-31. Office of the Comptroller of the Currency (OCC); Office of Thrift
32. State regulatory agencies
33. Structured investment vehicles (SIVs)/hedge funds for buying the junk
Hyman Minsky argued that a key mechanism that pushes an economy towards a crisis is the accumulation
of debt and the fact the financial system represents a positive feedback loop that tend to
destabilize the system, creating ossilations in the form of boom and bust cycles. . He identified 3 types of borrowers that contribute to the accumulation of insolvent debt: Hedge
Borrowers; Speculative Borrowers; and Ponzi Borrowers. That corresponds to three stages of Casino Capitalism
of increasing fragility:
- Hedge finance: income flows are expected to meet financial obligations in every period.
The "hedge borrower" is one who borrows with the intent of making debt payments from cash flows from
- Speculative finance: the firm must roll over debt because income flows are expected to
only cover interest costs (evergreen loans). In other words a "speculative borrower"
is a boorrower, who borrows based on the belief that the appreciation of the value of the
assets (e.g. real estate) to refinance or pay-off their debt but who does not have sufficient
resources to repay the original loan, otherwise. Classic example here are house flippers during
housing boom. Usually the are late to the game.
- Ponzi finance: income flows won’t even cover interest cost, so the firm must borrow more
or sell off assets simply to service its debt. The "Ponzi borrower" (named for
Charles Ponzi, see also
Ponzi scheme) is who relies
on continually rolling over the principal obtained from new participants in the Ponzi scheme to cover
interests. After a certain point, the private sector debt can only be perceived as sustainable as
long as asset prices are perceived to be in continuous growth. Since the rise of asset prices is
fueled by rising indebtness, from a certain point onwards, the process acquires a pure speculative
character. When the rise in asset prices is interrupted, the private sector discovers it is insolvent.
The choice become either a horrible end or an endless horror.
Growth of debt and increased levarate at some point create predocition of the crash. The stage of
business cycle at which those preconditions are met is called "Minsky moment":
A Minsky moment is the point in a
credit cycle or
business cycle when
investors are starting to have cash flow problems due to spiraling debt they have incurred in order to finance
speculative or Ponzy investments.
At this point, a major selloff begins due to the fact that no
counterparty can be found
to bid at the high asking prices previously quoted, leading to a sudden and precipitous collapse
in market clearing
asset prices and a sharp drop in
After the collapse of the USSR there were a lot of chest thumping of the status of America as a hyper
power (American exceptionalism)
and the "end of history" where neoliberalism that displaced Brazhvev socialism (and wiped
out the socialist camp) was supposed to reign supreme forever.
But this triumphal march of neoliberalism was short lived. The system proved to be
self-destructive due to strong positive feedback look from the unregulated financial sector.
But in 2000 the first
moment to pay the piper arrives. It was postponed by Iraq war and housing bubble, but reappeared in much
more menacing form in 2008. In 2009 the USA experienced a classic Minsky moment with
high unemployment rate and economy suppressed by (and taken hostage) by Ponzi finance institutions which
threaten the very survival of the capitalist system and way of life. Huge injection freom the state
halped to save the economy from disintration, but the price was very high. And after 2009 the
US economy entered the period prologed stagnation, called the perios of "secular stagnation".
In events preceding 2008 the shift from speculative toward Ponzi finance was speed up by increased corruption of major players.
The drive to redistribute wealth up destroyed any remnants of the rule of the law in the USA. It
became a neo-feudal two casts society with "Masters of the Universe" as the upper cast (top 1% ) and
"despicables" (lower 80%) as the lower cast. With some comprador strata of professional in between
(top 20% or so), who generally support the upper cast.
Loweer cast experienced deterioration of the standard of living, loss of well paying jobs to
outsourcing and offshoring and in 2016 revolted electing Trump, who defeated Hillary Clinton, who
became a real symbol of the corruption of neoliberal system.
"As Minsky observed, capitalism is inherently unstable. As each crisis is successfully contained,
it encourages greater speculation and risk taking in borrowing and lending. Financial innovation
makes it easier to finance various schemes. To a large extent, borrowers and lenders operate on the
basis of trial and error. If a behavior is rewarded, it will be repeated. Thus stable periods
naturally lead to optimism, to booms, and to increasing fragility.
A financial crisis can lead to asset price deflation and repudiation of debt. A debt deflation,
once started, is very difficult to stop. It may not end until balance sheets are largely purged of
bad debts, at great loss in financial wealth to the creditors as well as the economy at large."
For more information see
For Strange the speed at which computerized financial markets work combined with their much larger
size and near-universal pervasiveness is an important qualitative change, that changes the
social system into what he called "casino capitalism". She actually popularized the term
"Casino Capitalism" with her important book
published in 1997.
One of the side
effects of this change is that volatility extends globally. Approximately $1.5 trillion dollars are
invested daily as foreign transactions. It is estimated that 98% of these transactions are speculative.
In comparison with this casino Las Vegas looks like a aborigine village in comparison with Manhattan.
Susan Strange (June 9, 1923 - October 25, 1998) was a
British academic who was
influential in the field of
political economy. Her most important publications include
- Casino Capitalism,
- Mad Money,
- States and Markets and The retreat of the State: The Diffusion of Power in the World Economy.
For a quarter of a century, Susan Strange was the most influential figure in British international
studies. She held a number of key academic posts in Britain, Italy and Japan. From 1978 to 1988,
Montague Burton Professor of International Relations at the
London School of
Economics and Political Science (LSE), the first woman to hold this chair and a professorial
position in international relations at the LSE. She was a major figure in the professional associations
of both Britain and the US: she was an instrumental founding member and first Treasurer of the
British International Studies Association (BISA)
 and the first female President of the
Studies Association (ISA) in 1995.
It was predominantly as a creative scholar and a forceful personality that she exercised her influence.
She was almost single-handedly responsible for creating ‘international political economy’ and turning
it into one of the two or three central fields within international studies in Britain, and she defended
her creation with such robustness, and made such strong claims on its behalf, that her influence
was felt—albeit not always welcomed—in most other areas of the discipline. She was one of the earliest
and most influential campaigners for the closer integration of the study of international politics
and international economics in the English language scholarship.
In the later period of her career, alongside the financial analyses offered in Casino Capitalism
(the analysis in which she felt was vindicated by the South-East Asian financial crisis) and Mad
Money, Strange's contributions to the field include her characterisation of the four different
areas (production, security, finance and knowledge) through which power might be exercised in International
Relations. This understanding of what she termed "structural power", formed the basis of her argument
against the theory of
American Hegemonic Decline in the early eighties.
Her analysis particularly in States and Markets focused on what she called the ‘market-authority
nexus’, the see-saw of power between the market and political authority. The overall argument of
her work suggested that the global market had gained significant power relative to states since the
This led her to dub the Westphalia system Westfailure. She argued that a ‘dangerous gap’ was
emerging between territorially-bound nation states and weak or partial intergovernmental cooperation
in which markets had a free hand which could be constructive or destructive.
Among important early critiques of casino capitalism was John K. Galbraith. He promoted a pretty novel idea
that the major economic function of Governments is to strengthen countervailing powers to achieve
some kind of balance between capital and labor.
While unions are far from being perfect and tend to slide into corruption due to "iron law of
oligarchy" when thier management stop representing interests of thwe worksers and start to
reprreesnt interest of thier own narry strate of fat cats, there were the only sizable
countewailing power that made the New Seal possible.
His prediction proved to be wrong as government actually represent the capitalist class and is
not that interested in creating this balance, which was convincingly demonstrated by Thatcher and
Reagan. Both Britain and the USA start sliding into a new form of corporations, called
neoliberalism which actually does not allocate any space for uniot at the negotiation table and
strive for their complete elimination and "atomization" of work force, when each invididual is up to
himself to find employment and group solidarity is suppressed by instilling neoliberal ideology in
schools and universitites as well as via MSM (which in the USA surprisingly never were allowed to
use the work neoliberlaism, as if it represents some secret Masonic cult)
And it does not look like there is any renewed
support of unions right (including important right to organize) at the post subprime/derivatives/shadow_banking
crisis stage of neoliberalism, when neoliberal ideology became sufficiently discredited
to allow rise of populist politicians such as Trump.
Still John K. Galbraith critique of primitive market fundamentalism of Milton Freedman and the
whole pseudoscience of neoclassical economics which like Marxist political economy is one of there
pillars of neoliberalism (along with Randism as philosophy and Neoconservatism or "Trotskyism for
the rich" in politics), still has its value today. As Joseph Stiglitz noted (CSMonitor,
Dec 28, 2006):
...In many ways, Galbraith was a more critical observer of economic reality.
Driven to understand market realities
Galbraith's vivid depictions of the good, bad, and ugly of American capitalism remain a sorely
needed reminder that all is not quite as perfect as the perfect market models – with their perfect
competition, perfect information, and perfectly rational consumers – upon which so much of Friedman's
Galbraith, who cut his teeth studying agricultural economics, strove to understand the world as
it was, with all the problems of unemployment and market power that simplistic models of competitive
markets ignore. In those models, unemployment didn't exist. Galbraith knew that made them fatally
... ... ...
In his early research, Galbraith attempted to explain what had brought on the Great Crash of 1929
– including the role of the stock market's speculative greed fed by (what would today be called)
irrational exuberance. Friedman ignored speculation and the failure of the labor market as he focused
on the failures of the Federal Reserve. To Friedman, government was the problem, not the solution.
What Galbraith understood, and what later researchers (including this author) have proved, is
that Adam Smith's "invisible hand" – the notion that the individual pursuit of maximum profit guides
capitalist markets to efficiency – is so invisible because, quite often, it's just not there. Unfettered
markets often produce too much of some things, such as pollution, and too little of other things,
such as basic research. As Bruce Greenwald and I have shown, whenever information is imperfect –
that is, always – markets are inefficient; hence the need for government action.
Galbraith reminded us that what made the economy work so well was not an invisible hand but countervailing
powers. He had the misfortune of articulating these ideas before the mathematical models of game
theory were sufficiently developed to give them expression. The good news is that today, more attention
is being devoted to developing models of these bargaining relationships, and to complex, dynamic
models of economic fluctuations in which speculation may play a central role.
While Friedman never really appreciated the limitations of the market, he was a forceful critic
of government. Yet history shows that in every successful country, the government had played an important
role. Yes, governments sometimes fail, but unfettered markets are a certain prescription for failure.
Galbraith made this case better than most.
Galbraith knew, too, that people aren't just rational economic actors, but consumers, contending
with advertising, political persuasion, and social pressures. It was because of his close touch with
reality that he had such influence on economic policymaking, especially during the Kennedy-Johnson
Galbraith's penetrating insights into the nature of capitalism – as it is lived, not as
it is theorized in simplistic models – has enhanced our understanding of the market economy.
He has left an intellectual legacy for generations to come. And he has left a gap in our intellectual
life: Who will stand up against the economics establishment to articulate an economic vision that
is both in touch with reality and comprehensible to ordinary citizens?
Galbraith was vindicated in his belief that the only economics possible is political economics and
that government is always an agent of dominant class. As such it always pursue poklitics favorable
to this class, just making marginal efforts to prevent the open revolt of lower classes.
In 2008 neoliberal economist such as Krugman and (to a lesse extent) Stiglitz
both have eaten humble pie, because according to neoclassical economics the crises should not have happened.
Both should now reread Galbraith's
The Great Crash: 1929 (see also
Krugman also need to shred his previous writings with this mathiness execises of using differential
equations to justify the dominance of financial oligarchy, and eat them with borsch ;-)
BTW it is interesting that in 1996 neoliberal stooge Paul Krugman criticized limitations of Galbright vision in the following
To be both a liberal and a good economist you must have a certain sense of the tragic--that is,
you must understand that not all goals can be attained, that life is a matter of painful tradeoffs.
You must want to help the poor, but understand that welfare can encourage dependency. You must want
to protect those who lose their jobs, but admit that generous unemployment benefits can raise the
long-term rate of unemployment. You must be willing to tax the affluent to help those in need, but
accept that too high a rate of taxation can discourage investment and innovation.
To the free-market conservative, these are all arguments for government to do nothing, to accept
whatever level of poverty and insecurity the market happens to produce. A serious liberal does not
reply to such conservatives by denying that there are any trade-offs at all; he insists, rather,
that some trade-offs are worth making, that helping the poor and protecting the unlucky may have
costs but will ultimately make for a better society.
The revelation one gets from reading John Kenneth Galbraith's The Good Society is that Galbraith--who
is one of the world's most celebrated intellectuals, and whom one would expect to have a deeper appreciation
of the complexity of the human condition than a mere technical economist would -- lacks this tragic
sense. Galbraith's vision of the economy is one without shadows, in which what is good for social
justice always turns out to have no unfavorable side effects. If this vision is typical of liberal
intellectuals, the ineffectuality of the tribe is not an accident: It stems from a deep-seated unwillingness
to face up to uncomfortable reality.
Similar limited understanding of Galbright is demonstrated in London Times (cited from comment to
Economist's View blog) :
Some motifs of Galbraith’s work have entered popular consciousness. Galbraith wrote of private
opulence amid public squalor, illustrating it with a memorable metaphor of a family that travels
by extravagant private car to picnic by a polluted river.
Yet while arguing for increased public expenditure on welfare, Galbraith gave scant attention
to the limits of that approach. His writings perpetuate a debilitating weakness of modern liberalism:
a reluctance to acknowledge that resources are scarce.
In Galbraith’s scheme, said Herbert
Stein, the former chairman of the Council of Economic Advisers: “The American people were only asked
whether they wanted cleaner air and water . . . The answers to such questions seemed obvious — but
they were not the right questions.”
This idea of "casino capitalism" as a driver of financial instability was developed further in the
The Crisis of Global Capitalism by prominent financial speculator and staunch neoliberal George Soros (1998), who
after Minsky highlights the potential for disequilibrium
in the financial system, and the inability of non-market sectors to regulate markets.
the latter is a prominant feature of Casino Capitalism, which can be defined as economic system
were financial barons run amok.
Although the insights of the Soros critique of global capitalism are scarcely new, they were articulated
with such candor and accuracy that the book made a significant impact. The following is a sampling of
- Unregulated financial markets are inherently unstable. There is nothing new in this
statement. It is just a repetition of what Keynes and Minsky said much more eloquently. But Soros
made in important observation about the source of constant disequilibrium of markets under
neoliberalism, the observation which permitted for him to achieve spectacular success as a
financial speculator. Soros observes that, contrary to
conventional economic theory, financial markets are not driven toward a relatively stable and rational
price by the objective value assessment of such things as the soundness of a company's management,
products, or record of profitability. Rather they are constantly driven away from equilibrium
by the momentum of self-fulfilling expectations -- a rising stock price
attracts buyers who further raise the price-to the point of collapse. The recent massive inflation
and subsequent collapse in the price of the shares of unprofitable dot-com companies illustrates
Bank lending also contributes to the instability, because the price of real and financial assets
is set in part by their collateral value. The higher their market price rises the larger the loans
banks are willing to make to their buyers to bid up prices. When the bubble bursts, the value
of the assets plummets below the amount of the money borrowed against them. This forces banks
to call their loans and cut back on the lending, which depresses asset prices and dries up the
money supply. The economy then tanks-until credit worthiness is restored and a new boom phase
- Financial markets are amoral by definition. Following Napoleon Bonaparte ("Money
has no motherland; financiers are without patriotism and without decency; their sole object is
gain. "), Soros stressed
that there is no meaningful place for individual moral behavior of financial oligarchy in the context of financial markets,
because such behavior has no consequences for them other than to reduce the financial return
of a more ethical
actor. In other words modern finance is breeding ground for ruthless sociopath, which
we really observed during 2008.
When I bought shares in Lockheed and Northrop after the managements were indicted for bribery,
I helped sustain the price of their stocks. When I sold sterling short in 1992, the Bank of England
was on the other side of my transactions, and I was in effect taking money out of the pockets
of British taxpayers. But if I had tried to take social consequences into account, it would have
thrown off my risk-reward calculation, and my profits would have been reduced.
Soros argues that if he had not bought Lockheed and Northrop, then somebody else would have, and
Britain would have devalued sterling no matter what he did. "Bringing my social conscience into
the decision-making process would make no difference in the real world; but it may adversely affect
my own results." One can challenge the Soros claim that such behavior is amoral rather than immoral,
but his basic argument is accurate. His understanding that it is futile to look to individual morality
as the solution to the excesses of financial markets is all too accurate.
- Corporate employees are duty-bound to serve only corporate financial interests. As
such financial institution are closely related to organized crime and top layers of managers are
essentially institualized criminals. Soros
Publicly owned companies are single-purpose organizations-their purpose is to make money. The
tougher the competition, the less they can afford to deviate. Those in charge may be well-intentioned
and upright citizens, but their room for maneuver is strictly circumscribed by the position they
They are duty-bound to uphold the interests of the company. If they think that cigarettes
are unhealthy or that fostering civil war to obtain mining concessions is unconscionable, they
ought to quit their jobs. Their place will be taken by people who are willing to carry on.
Though not specifically mentioned by Soros, this is why corporations were in the past (at least
partially) excluded from the political processes (although it was never complete and it is well known
fact that Crusades and
Siege of Constantinople
(1204) were financed by Genoese
bankers upset by lack of access to the Byzantium markets). But at least formally other parts of the
society can define their goals and the rules of the marketplace and suppress excessive appetities
of banker, if nessesary by brute force. Financial oligarchy is incapable of distinguishing
between private corporate interests and broader public interests. And that situation became even
worse with the the global dominance of corporatism in the form of neoliberalism.
- Financial markets are oblivious to externalities and are infected by "short-termism". Specifically
the fact that a strategy or policy produces economic returns in the short-term does not mean the
long-term results will be beneficial. The focus of financial markets is on short-term individual
gain to the exclusion of both social and longer-term consequences. The fact that particular policies
and strategies are effective in producing short-term financial returns does not mean they are more
generally beneficial or desirable. Soros offers the example that running up a budget or trade deficit
"feels good while it lasts, but there can be hell to pay later."
- The relationship between the center and the periphery of the capitalist system is profoundly
unequal. The powerful countries at the center of the capitalist system are both wealthier and
more stable than countries at the periphery because control of the financial system and ownership
of productive assets allows them to shape economic and political affairs to their benefit.
"Foreign ownership of capital deprives peripheral countries of autonomy and often hinders the
development of democratic institutions. The international flow of capital is subject to catastrophic
In times of uncertainty financial capital tends to return to its country of origin, thus depriving
countries at the periphery of the financial liquidity necessary to the function of monetized economies.
"The center's most important feature is that it controls its own economic policies and holds in its
hands the economic destinies of periphery countries."
- In the capitalist system greed (aka "monetary values") tend to displace social values in sectors
where this is destructive to important public interests. Soros writes:
Monetary values [under neoliberalism] have usurped the role of intrinsic values, and markets have come to dominate
spheres of existence where they do not properly belong.
Law and medicine, politics, education,
science, the arts, even personal relations-achievements or qualities that ought to be valued for
their own sake are converted into monetary terms; they are judged by the money they fetch rather
than their intrinsic value."
Because financial "capital is free to go where most rewarded, countries vie to attract and retain
capital, and if they are to succeed they must give precedence to the requirements of international
capital over other social objectives.
One notable later researcher of casino capitalism, especially "free market" fundamentalism propaganda
Cambridge University researcher Ha-Joon Chang. In 2011 he published a fascinating book
23 Things They Don't Tell You About Capitalism. Here is a Youtube lecture at LSE (23
Things They Don't Tell You About Capitalism ). We will reproduce two Amazon reviews that shed some light
at the key ideas of the book:
Loyd E. Eskildson
Ha-Joon Chang, Reader in the Political Economy of Development at Cambridge University, has
written a fascinating book on capitalism's failings. He also wrote the brilliant Bad Samaritans.
Martin Wolf of the Financial Times says he is `probably the world's most effective critic of globalization'.
Chang takes on the free-marketers' dogmas and proposes ideas like
- there is no such thing as a free market;
- the washing machine has changed the world more than the internet has --[ I respectfully
- we do not live in a post-industrial age;
- globalization isn't making the world richer;
- governments can pick winners;
- some rules are good for business;
- US (and British) CEOs are overpaid;
- more education does not make a country richer;
- and equality of opportunity, on its own, is unfair.
He notes that the USA does not have the world's highest living standard. Norway, Luxemburg,
Switzerland, Denmark, Iceland, Ireland, Sweden and the USA, in that order, had the highest incomes
per head. On income per hours worked, the USA comes eighth, after Luxemburg, Norway, France, Ireland,
Belgium, Austria and the Netherlands. Japan, Switzerland, Singapore, Finland and Sweden have the
highest industrial output per person.
Free-market politicians, economists and media have pushed policies of de-regulation and
pursuit of short-term profits, causing less growth, more inequality, more job insecurity and more
frequent crises. Britain's growth rate in income per person per year was 2.4 per cent
in the 1960s-70s and 1.7 per cent 1990-2009. Rich countries grew by 3 per cent in the 1960s-70s
and 1.4 per cent 1980-2009. Developing countries grew by 3 per cent in the 1960s-70s and 2.6 per
cent 1980-2009. Latin America grew by 3.1 per cent in the 1960s-70s and 1.1 per cent 1980-2009,
and Sub-Saharan Africa by 1.6 per cent in the 1960s-70s and 0.2 per cent 1990-2009. The world
economy grew by 3.2 per cent in the 1960s-70s and 1.4 per cent 1990-2009.
So, across the world, countries did far better before Thatcher and Reagan's `free-market revolution'.
Making the rich richer made the rest of us poorer, cutting economies' growth rates, and investment
as a share of national output, in all the G7 countries.
Chang shows how free trade is not the way to grow and points out that the USA was the
world's most protectionist country during its phase of ascendancy, from the 1830s to the 1940s,
and that Britain was one of world's the most protectionist countries during its rise, from the
1720s to the 1850s.
He shows how immigration controls keep First World wages up; they determine wages more than
any other factor. Weakening those controls, as the EU demands, lowers wages.
He challenges the conventional wisdom that we must cut spending to cut the deficit. Instead,
we need controls capital, on mergers and acquisitions, and on financial products. We need
the welfare state, industrial policy, and huge investment in industry, infrastructure, worker
training and R&D.
As Chang points out, "Even though financial investments can drive growth for a while, such
growth cannot be sustained, as those investments have to be ultimately backed up by viable long-term
investments in real sector activities, as so vividly shown by the 2008 financial crisis."
This book is a commonsense, evidence-based approach to economic life, which we should urge
all our friends and colleagues to read.
The 2008 'Great Recession' demands re-examination of prevailing economic thought - the dominant
paradigm (post 1970's conservative free-market capitalism) not only failed to predict the crisis,
but also said it couldn't occur in today's free markets, thanks to Adam Smith's 'invisible hand.'
Ha-Joon Chang provides that re-examination in his "23 Things They Don't Tell You About Capitalism."
Turns out that the reason Adam Smith's hand was not visible is that it wasn't there. Chang, economics
professor at the University of Cambridge, is no enemy of capitalism, though he contends its current
conservative version should be made better. Conventional wisdom tells us that left alone, markets
produce the most efficient and just outcomes - 'efficient' because businesses and individuals
know best how to utilize their resources, and 'just' because they are rewarded according to their
productivity. Following this advice, countries have deregulated businesses, reduced taxes and
welfare, and adopted free trade. The results, per Chang, has been the opposite of what was promised
- slower growth and rising inequality, often masked by rising credit expansion and increased working
hours. Alternatively, developing Asian countries that grew fast did so following a different version
of capitalism, though to be fair China's version to-date has also produced much greater inequality.
The following summarizes some of Chang's points:
- "There is no such thing as a free market" - we already have hygiene standards in
restaurants, ban child labor, pollution, narcotics, bribery, and dangerous workplaces, require
licenses for professions such as doctors, lawyers, and brokers, and limit immigration. In 2008,
the U.S. used at least $700 billion of taxpayers' money to buy up toxic assets, justified by
President Bush on the grounds that it was a necessary state intervention consistent with free-market
capitalism. Chang's conclusion - free-marketers contending that a certain regulation should
not be introduced because it would restrict market freedom are simply expressing political
opinions, not economic facts or laws.
- "Companies should not be run in the interest of their owners." Shareholders are
the most mobile of corporate stakeholders, often holding ownership for but a fraction of a
second (high-frequency trading represents 70% of today's trading). Shareholders prefer corporate
strategies that maximize short-term profits and dividends, usually at the cost of long-term
investments. (This often also includes added leverage and risk, and reliance on socializing
risk via 'too big to fail' status, and relying on 'the Greenspan put.') Chang adds that corporate
limited liability, while a boon to capital accumulation and technological progress, when combined
with professional managers instead of entrepreneurs owning a large chunk (e.g.. Ford, Edison,
Carnegie) and public shares with smaller voting rights (typically limited to 10%), allows professional
managers to maximize their own prestige via sales growth and prestige projects instead of maximizing
profits. Another negative long-term outcome driven by shareholders is increased share buybacks
(less than 5% of profits until the early 1980s, 90% in 2007, and 280% in 2008) - one economist
estimates that had GM not spent $20.4 billion on buybacks between 1986 and 2002 it could have
prevented its 2009 bankruptcy. Short-term stockholder perspectives have also brought large-scale
layoffs from off-shoring. Governments of other countries encourage longer-term thinking by
holding large shares in key enterprises (China Mobile, Renault, Volkswagen), providing greater
worker representation (Germany's supervisory boards), and cross-shareholding among friendly
companies (Japan's Toyota and its suppliers).
- "Free-market policies rarely make poor countries rich." With a few exceptions, all
of today's rich countries, including Britain and the U.S., reached that status through protectionism,
subsidies, and other policies that they and their IMF, WTO, and World Bank now advise developing
nations not to adopt. Free-market economists usually respond that the U.S. succeeded despite,
not because of, protectionism. The problem with that explanation is the number of other nations
paralleling the early growth strategy of the U.S. and Britain (Austria, Finland, France, Germany,
Japan, Korea, Singapore, Sweden, Taiwan), and the fact that apparent exceptions (Hong Kong,
Switzerland, The Netherlands) did so by ignoring foreign patents (a free-market 'no-no'). Chang
believes the 'official historians' of capitalism have been very successful re-writing its history,
akin to someone trying to 'kick away the ladder' with which they had climbed to the top. He
also points out that developing nations that stick to their Ricardian 'comparative advantage,'
per the conservatives prescription, condemn themselves to their economic status quo.
- "We do not live in a post-industrial age." Most of the fall in manufacturing's share
of total output is not due to a fall in the quantity of manufactured goods, but due to the
fall in their prices relative to those for services, caused by their faster productivity growth.
A small part of deindustrialization is due to outsourcing of some 'manufacturing' activities
that used to be provided in-house - e.g.. catering and cleaning. Those advising the newly developing
nations to skip manufacturing and go directly to providing services forget that many services
mainly serve manufacturing firms (finance, R&D, design), and that since services are harder
to export, such an approach will create balance-of-payment problems. (Chang's preceding points
directly contradict David Ricardo's law of comparative advantage - a fundamental free market
precept. Chang's example of how Korea built Pohang Steel into a strong economic producer, despite
lacking experienced managers and natural resources, is another.)
- "The U.S. does not have the highest living standard in the world." True, the average
U.S. citizen has greater command over goods and services than his counterpart in almost any
other country, but this is due to higher immigration, poorer employment conditions, and working
longer hours for many vs. their foreign counterparts. The U.S. also has poorer health indicators
and worse crime statistics. We do have the world's second highest income per capita - Luxemburg's
higher, but measured in terms of purchasing power parity (PPP) the U.S. ranks eighth. (The
U.S. doesn't have the fastest growing economy either - China is predicted to pass the U.S.
in PPP this coming decade.) Chang's point here is that we should stop assuming the U.S. provides
the best economic model. (This is already occurring - the World Bank's chief economist, Justin
Lin, comes from China.)
- "Governments can pick winners." Chang cites examples of how the Korean government
built world-class producers of steel (POSCO), shipbuilding (Hyundai), and electronics (LG),
despite lacking raw materials or experience for those sectors. True, major government failures
have occurred - Europe's Concorde, Indonesia's aircraft industry, Korea's promotion of aluminum
smelting, and Japan's effort to have Nissan take over Honda; industry, however, has also failed
- e.g.. the AOL-Time Warner merger, and the Daimler-Chrysler merger. Austria, China, Finland,
France, Japan, Norway, Singapore (in numerous other areas), and Taiwan have also done quite
well with government-picked winners. Another problem is that business and national interests
sometimes clash - e.g.. American firms' massive outsourcing has undermined the national interest
of maintaining full employment. (However, greater unbiased U.S. government involvement would
be difficult due to the 10,000+ corporate lobbyists and billions in corporate campaign donations
- $500 million alone from big oil in 2009-10.) Also interesting to Chang is how conservative
free marketing bankers in the U.S. lined up for mammoth low-cost loans from the Federal Reserve
at the beginning of the Great Recession. Government planning allows minimizing excess capacity,
maximizing learning-curve economies and economies of scale and scope; operational performance
is enhanced by also forcing government-owned or supported firms into international competition.
Government intervention (loans, tariffs, subsidies, prohibiting exports of needed raw materials,
building infrastructure) are necessary for emerging economies to move into more sophisticated
- "Making rich people richer doesn't make the rest of us richer." 'Trickle-down' economics
is based on the belief that the poor maximize current consumption, while the rich, left to
themselves, mostly invest. However, the years 1950-1973 saw the highest-ever growth rates in
the U.S., Canada, Australia, and New Zealand, despite increased taxation of the rich. Before
the 'Golden Age,' per capita income grew at 1-1.5%/year; during the Golden Age it grew at 2-3%
in the U.S. Since then, tax cuts for the rich and financial deregulation have allowed greater
paychecks for top managers and financiers, and between 1979 and 2006 the top 0.1% increased
their share of national income from 3.5% to 11.6%. The result - investment as a ratio of national
output has fallen in all rich economies and the pace at which the total economic pie grew decreased.
- "U.S. managers are over-priced." First, relative to their predecessors (about 10X
those in the 1960s; now 300-400X the average worker), despite the latter having run companies
more successfully, in relative terms. Second, compared to counterparts in other rich countries
- up to 20X. (Third, compared to counterparts in developing nations - e.g.. JPMorgan Chase,
world's 4th largest bank, paid its CEO $19.6 million in 2008, vs. the CEO of the Industrial
and Commercial Bank of China, the world's largest, being paid $234,700.
Read more ›
Willem Buiter in his FT article
After the Crisis Macro Imbalance, Credibility and Reserve-Currency suggested that after financial
crisis of 2008 there might be very long a painful deleveraging period aka
secular stagnation. He was right.
In short each financial
crisis make recovery longer and longer. That's why the US will most likely face a long period
of stagnation: the digestion of huge excessive debt of the private sector might well take a decade:
Since the excess of debt is relative to income and GDP, the lower the rate of growth, the longer
the required period of digestion. This explains for the paradox of trying to stimulate consumption
when the economy faces a monumental crisis provoked exactly by excessive debt and excessive consumption.
A cartoon line best captured the spirit of it: "country addicted to speculative bubbles desperately
searches a new bubble to invest in. "
... ... ...
The roots of the crisis are major international macroeconomic imbalances. Despite the fact that
the excesses of the financial system were instrumental to lead these imbalances further than otherwise
possible, insufficient regulation should not be viewed as the main factor behind the crisis. The
expenditure of central countries, spinned by all sort of financial innovations created by a globalized
financial system, was the engine of world growth. When debt became clearly excessive in central countries
and the debt-financed expenditure cycle came to an end, the ensuing crisis paralyzed the world economy.
With the lesson of 1929 well assimilated, American monetary policy became aggressively expansionist.
The Fed inundated the economy with money and credit, in the attempt to avoid a deep depression. Even
if successful, the economies of the US and the other central countries, given the burden of excessive
debt, are likely to remain stagnant under the threat of deflation for the coming years. The assumption
of troubled assets by the public sector, in order to avoid the collapse of the financial system,
might succeed, but at the cost of a major increase in public debt. Fiscal policy is not efficient
to restart the economy when the private sector remains paralyzed by excessive debt. Even if a coordinated
effort to increase public expenditure is successful, the central economies will remain stagnant for
as long as the excessive indebtedness of the private sector persists. The period of digestion of
excess debt will be longer than the usual recessive cycle. Since imports represent a drain in the
effort to reanimate domestic demand through public expenditure, while exports, on the contrary, contribute
to the recovery of internal demand, the temptation to central economies to also adopt a protectionist
stance will be strong.
Willem Buiter also defined ‘cognitive
regulatory capture’ which existed during the Greenspan years and when the Fed were just an arm of Wall
Stiglitz is very unene and early Striglist was actually defender of neoliberalism (aka casino
capitalism). Later he became a critic.
In his 2008 Vanity Fair article
Stiglitz identifies five key steps in transformation of American capitalism to Casino Capitalism
(moments of failure as he called them):
This regulatory capture has resulted in an excess sensitivity of the Fed to financial market and
financial sector concerns and fears and in an overestimation of the strength of the link between
financial market turmoil and financial sector deleveraging and capital losses on the one hand, and
the stability and prosperity of the wider economy on the other hand. The paper gives five examples
of recent behavior by the Fed that are most readily rationalized with the assumption of regulatory
capture. The abstract of the paper follows next. The latest version of the entire enchilada can be
found here. Future revisions
will also be found there.
No. 1: Reagan Fires Fed Chairman Volcker and Replaces Him With Greenspan in 1987:
Volcker also understood that financial markets need to be regulated. Reagan wanted someone who
did not believe any such thing, and he found him in a devotee of the objectivist philosopher and
free-market zealot Ayn Rand.
If you appoint an anti-regulator as your enforcer, you know what kind of enforcement you’ll
get. A flood of liquidity combined with the failed levees of regulation proved disastrous.
Greenspan presided over not one but two financial bubbles.
- Congress repealed the Glass-Steagall Act in 1999 under Bill Clinton (Glass-Steagall
was a depression-era reform that separated commercial and investment banks)
I had opposed repeal of Glass-Steagall. The proponents said, in effect, Trust us: we will
create Chinese walls to make sure that the problems of the past do not recur. As an economist,
I certainly possessed a healthy degree of trust, trust in the power of economic incentives to bend
human behavior toward self-interest—toward short-term self-interest, at any rate, rather than
Tocqueville’s "self interest rightly understood."
Stiglitz also refers to a 2004 decision by the SEC "to allow big investment banks to increase
their debt-to-capital ratio (from 12:1 to 30:1, or higher) so that they could buy more mortgage-backed
securities, inflating the housing bubble in the process."
Once more, it was deregulation run amuck, and few even noticed.
- The Bush tax cuts, both on income and capital gains
The Bush administration was providing an open invitation to excessive borrowing and lending—not
that American consumers needed any more encouragement.
- Faking the Numbers
Here he refers to bad accounting, the failure to address problems with stock options, and the
incentive structures of ratings agencies like Moodys that led them to give high ratings to toxic
- Paulson and the Flawed Bailout
Valuable time was wasted as Paulson pushed his own plan, "cash for trash," buying up the bad assets
and putting the risk onto American taxpayers. When he finally abandoned it, providing banks with
money they needed, he did it in a way that not only cheated America’s taxpayers but failed to ensure
that the banks would use the money to re-start lending. He even allowed the banks to pour out money
to their shareholders as taxpayers were pouring money into the banks.
The truth is most of the individual mistakes boil down to just one: a belief that markets are
self-adjusting and that the role of government should be minimal. Looking back at that belief during
hearings this fall on Capitol Hill, Alan Greenspan said out loud, "I have found a flaw." Congressman
Henry Waxman pushed him, responding, "In other words, you found that your view of the world, your
ideology, was not right; it was not working." "Absolutely, precisely," Greenspan said. The embrace
by America—and much of the rest of the world—of this flawed economic philosophy made it inevitable
that we would eventually arrive at the place we are today.
The flawed economic philosophy brought by Reagan, and embraced by so many, brought us to this day.
Ideas have consequences, especially when we stop empirically testing them. Republican economics have
created great pain to America and harmed our national interest.
The flaw that Greenspan found was always there: self-regulation does not work. As Stiglitz said:
As an economist, I certainly possessed a healthy degree of trust, trust in the power of economic
incentives to bend human behavior toward self-interest — toward short-term self-interest
Yes, for all their claims to science, the premise conflicts with tendencies of people.
This is the real legacy of Ronald Reagan and Alan Greenspan:
Instead of conclusion I will reproduce the post from Sudden Debt (March
The whole scheme was kick-started under Ronald Reagan. Between his tax cuts for the rich
and the Greenspan Commission’s orchestrated Social Security heist, working Americans lost out in
a generational wealth transfer shift now exceeding $1 trillion annually from 90 million working class
households to for-profit corporations and the richest 1% of the population. It created an unprecedented
wealth disparity that continues to grow, shames the nation and is destroying the bedrock middle class
without which democracy can’t survive.
Greenspan helped orchestrate it with economist Ravi Batra calling his economics "Greenomics" in
his 2005 book "Greenspan’s Fraud." It "turns out to be Greedomics" advocating anti-trust laws, regulations
and social services be ended so "nothing....interfere(s) with business greed and the pursuit of profits."
Animal Farm all animals are equal - except that some are more equal than others. All in the spirit
of law, order and the proper functioning of society, of course. Fittingly, the animals that have
chosen this role by themselves and for themselves, are the pigs.
Cut to US financial
markets today. After years of swinish behavior more reminiscent of
Animal House than anything else, the pigs are threatening to destroy the entire farm. As if it
wasn't enough that they devoured all the "free market" food available and inundated the world with
their excreta, they now wish to be put on the public trough. Truly, some businessmen believe they
are more equal than others.
But do not blame the pigs; they are expected to act as swine nature dictates. The fault lies entirely
with the farmers, those authorities entrusted by the people to oversee the farm because they supposedly
knew better. While the pigs were rampaging and tearing the place apart, they were assuring us all
that farms function best when animals are free to do as they please, guided solely by invisible hooves.
No regulation, no oversight, no common sense. Oh yes, and pigs fly..
So what is to be done now? Two things:
- (a) Let financial markets sort themselves out, but with rock solid backing for bank depositors,
pension funds and public institutions. The public purse should not be used to bail out - directly
or indirectly - speculators in hedge funds, private equity funds and the like. Those that live
by the leverage sword can defend themselves or perish by credit destruction.
- (b) Revamp public policy towards increasing earned income for working people.
In other words, the focus from now on should be on adding value by means of work and savings (capital
formation), instead of inflating assets and borrowing.
Furthermore, we should realize that in a world already inhabited by close to 7 billion people
and beset by resource depletion and environmental degradation, defending growth for growth's sake
is a losing proposition. The wheels are already wobbling on the Permagrowth model; pumping harder
on the accelerator is not going to make it go any faster and will likely result in a fatal crash.
Debt, and finance in general, should be left to re-size downwards to a level that better reflects
the carrying capacity of our world. The Fed's current actions are shortsighted and "conservative"
in the worst interpretation of the words: they are designed to artificially maintain debt at levels
that myopically projects growth as far as the eye can see.
What level of resizing may be necessary? I hope not as much as at Bear Stearns, which got itself
bought by Morgan at buzz-saw prices: $2 per share represents a 98% discount from its $84 book value.
What scares me, though, is the
statement by Morgan's CFO, who said the price reflected the risk the firm was taking, even though
he was comfortable with the valuation of assets in Bear's books. It "...gives us the flexibility
and margin of error that's appropriate given the speed at which the transaction came together", he
If it takes a 98% discount and the explicit guarantee of the Fed for a large portion of assets
to buy one of the largest investment banks in the world, where should all other financial firms be
trading at? ....Hello? Anyone? Is that a great big silence I hear, or the sound of credit imploding
into a vacuum?
- 20180923 : Poroshenko has told Germans that the construction of "North Stream 2" makes no sense. ( Sep 23, 2018 , thenewkremlinstooge.wordpress.com )
- 20180923 : UK Begged Trump Not To Declassify Russia Docs; Cited Grave Concerns Over Steele Involvement ( Sep 23, 2018 , www.zerohedge.com )
- 20180923 : European Union (EU) leaders rebuffed Theresa May appeal to give at least conditional support to her Chequers proposal for a "soft Brexit." ( Sep 23, 2018 , thenewkremlinstooge.wordpress.com )
- 20180923 : Chris Hedges Are We Witnessing The Collapse Of The American Empire ( Sep 23, 2018 , www.realclearpolitics.com )
- 20180923 : The New York Times As Judge And Jury Zero Hedge ( Sep 23, 2018 , www.zerohedge.com )
- 20180922 : The USA has been in a secular decline since at least Carter (1978) ( Sep 22, 2018 , www.moonofalabama.org )
- 20180922 : The US economy is not running real well except for the very very well to do, and those who happen to work for the likes of Google or Facebook, or of course an ibank ( Sep 22, 2018 , www.moonofalabama.org )
- 20180922 : How Russian Sanctions Are Helping Putin Achieve His Most Desired Goal ( Sep 22, 2018 , www.zerohedge.com )
- 20180922 : Putin Keeps Cool And Averts WWIII As Israeli-French Gamble In Syria Backfires Spectacularly ( Sep 22, 2018 , www.zerohedge.com )
- 20180922 : The last sentence just about sums neo-liberals up: most of the homeless are informed, are 'drugged out losers.' ( Sep 22, 2018 , www.moonofalabama.org )
- 20180922 : Saturday Satire Down With The Working Classes! by CJ Hopkins ( Sep 22, 2018 , www.zerohedge.com )
- 20180922 : A confidential report by Belgian investigators confirms that British intelligence services hacked state-owned Belgian telecom giant Belgacom on behalf of Washington ( Sep 22, 2018 , thenewkremlinstooge.wordpress.com )
- 20180921 : On Brexit, UK Negotiators Have Adopted a Hard Bargaining Strategy ( Sep 21, 2018 , www.nakedcapitalism.com )
- 20180921 : This Man's Incredible Story Proves Why Due Process Matters In The Kavanaugh Case Zero Hedge ( Sep 21, 2018 , www.zerohedge.com )
- 20180921 : The Dollar Shortage China's Bond Selling Are About To Corner the Fed Zero Hedge Zero Hedge ( Sep 21, 2018 , www.zerohedge.com )
- 20180921 : FBI Had Two Sets Of Records On Trump Investigation; Comey, McCabe Implicated Carter Zero Hedge ( Sep 21, 2018 , www.zerohedge.com )
- 20180920 : The western financial system is on shaky ground for many reasons, never having recovered from the 2008 crisis. ( Sep 20, 2018 , www.moonofalabama.org )
- 20180920 : Decoding Putin's Response To Attack In Syria by Tom Luongo ( Sep 20, 2018 , www.zerohedge.com )
- 20180920 : What do you say about libertarians? ( Sep 20, 2018 , crookedtimber.org )
- 20180919 : The Minsky Moment Ten Years After by Barkley Rosser ( Sep 18, 2018 , angrybearblog.com )
- 20180919 : So it seems in 2014, for a well run shale oil company, $93/b worked just fine ( Sep 19, 2018 , peakoilbarrel.com )
- 20180919 : I think there are considerable shut ins that will eventually reduce the magnificent increases that are currently being reported ( Sep 19, 2018 , peakoilbarrel.com )
- 20180919 : Shale boom was cash flow negative oil production boom ( Sep 19, 2018 , peakoilbarrel.com )
- 20180919 : Washington's goal is to reduce Russia's gas market share in Eastern Europe by 20% by 2020 ( Sep 19, 2018 , thenewkremlinstooge.wordpress.com )
- 20180919 : There is no spare capacity from Iran ( Sep 19, 2018 , peakoilbarrel.com )
- 20180919 : Libya and Nigeria more likely to go down than up from here to the end of the year and probably drag down overall OPEC numbers with them ( Sep 19, 2018 , peakoilbarrel.com )
- 20180919 : A very slow decline of world supply will hit those who can't pay for it most and maybe wake up enough through higher prices to begin planning for what will be the greatest energy transition that must take place! ( Sep 19, 2018 , peakoilbarrel.com )
- 20180919 : My estimate is we are at 90% depletion for existing technology ( Sep 19, 2018 , peakoilbarrel.com )
- 20180919 : One would think that the optimal strategy for a country that has oil is to ally itself with a military power that can deter invasion by some other military power, without having the ally's troops actually present on the territory ( Sep 19, 2018 , peakoilbarrel.com )
- 20180919 : A lot of non-conservatives have a very difficult time grappling with the notion that a commitment to inequality, that a belief in the inherent superiority of some people over others, that one group has the the right to rule and dominate others, is a moral belief ( Sep 19, 2018 , crookedtimber.org )
- 20180919 : The battles between conservatives and [neo]liberals involve only which elite should rule the masses, and has more to do with Pareto's foxes and lions than any general egalitarianism; ( Sep 19, 2018 , crookedtimber.org )
- 20180919 : It's really hard to have a decrease in GDP when you are running a deficit near a trillion dollars. ( Sep 19, 2018 , peakoilbarrel.com )
- 20180919 : The Lehman 10th Anniversary spin as a Teachable Moment by Michael Hudson ( Sep 19, 2018 , www.unz.com )
- 20180919 : Deliberate exaggeraton of Saudi reserves ( Sep 19, 2018 , peakoilbarrel.com )
- 20180919 : Here is what you need to know about reserves: No one has any incentive to tell you the truth about them. ( Sep 19, 2018 , peakoilbarrel.com )
- 20180919 : This is so ridiculous it is funny. Oil discoveries have been going down, down, and down, way below replacement level. Yet so-called "proven" reserves keep going up, up and up. ( Sep 19, 2018 , peakoilbarrel.com )
- 20180919 : Trump Says FBI Is A Cancer In Our Country ( Sep 19, 2018 , www.zerohedge.com )
- 20180918 : Advocacy of progressive causes usually involves punching up an inherently more dangerous occupation than punching down. ( Sep 18, 2018 , crookedtimber.org )
- 20180918 : The Minsky Moment Ten Years After ( Sep 18, 2018 , angrybearblog.com )
- 20180918 : Michael Hudson talks maintream economics ( Sep 18, 2018 , angrybearblog.com )
- 20180917 : Bill Browder Strikes Back In Europe ( Sep 17, 2018 , www.zerohedge.com )
- 20180916 : After the iron curtain fell, there was a big demand for Russian-trained programmers because they could program in a very efficient and light manner that didn't demand too much of the hardware, if I remember correctly ( Aug 01, 2018 , turcopolier.typepad.com )
- 20180916 : Amazon Employees Investigated Over Suspected Black Market For Information, Favors by Tyler Durden ( Sep 16, 2018 , www.zerohedge.com )
- 20180916 : Challenging Freedom: Neoliberalism and the Erosion of Democratic Education by Robert Karaba ( Sep 16, 2018 , democracyeducationjournal.org )
- 20180916 : Conservatism as an ideology of protection of aristocracy against the agency of the subordinate classes ( Sep 16, 2018 , crookedtimber.org )
- 20180916 : Neoliberal nomenklatura ( Sep 16, 2018 , crookedtimber.org )
- 20180916 : Challenging Freedom: Neoliberalism and the Erosion of Democratic Education ( Sep 16, 2018 , democracyeducationjournal.org )
- 20180916 : Spygate Operative Nellie Ohr To Testify Before Congress This Week About Work For Fusion GPS ( Sep 16, 2018 , www.zerohedge.com )
- 20180916 : Ending the Secrecy of the Student Debt Crisis ( Sep 16, 2018 , www.nakedcapitalism.com )
- 20180916 : These Four Predicted The Global Financial Crisis; Here's What They Think Causes The Next One ( Sep 16, 2018 , www.zerohedge.com )
- 20180916 : Meltdown 2008 A Grim Anniversary for the Middle Class ( Sep 16, 2018 , www.theamericanconservative.com )
- 20180916 : What is neoliberalism ( Sep 16, 2018 , anotherangryvoice.blogspot.com )
- 20180916* I m delighted we can see the true face of American exceptionalism on display everyday. The last thing I want to see is back to normal. ( Sep 16, 2018 , crookedtimber.org ) [Recommended]
- 20180915 : Social Security Spousal Benefits What You Need to Know ( Sep 15, 2018 , www.thebalance.com )
- 20180915 : Social Security's Benefits for Spouses ( May 18, 2016 , www.elderlawanswers.com )
- 20180915 : Social Security Spousal Benefits in 2017 What You Need to Know by Matthew Frankel ( Jan 29, 2017 , www.fool.com )
- 20180915 : A cautionary tale of spousal benefits ( Feb 05, 2013 , www.marketwatch.com )
- 20180915 : Has that system dynamic changed/evolved seriously since the Roman era? We have usury. We have inheritance. We have banking. The concept of private property evolved along with the mythical moral fig leaf of rule-of-law. We call it the Western form of "civilization". ( Sep 15, 2018 , www.moonofalabama.org )
- 20180915 : The key goal of the USA two party system since 1980th is the protection of neoliberal aristocracy against plebs ( Sep 15, 2018 , crookedtimber.org )
- 20180915 : What is the meaning of the term "US conservative" ( Sep 15, 2018 , crookedtimber.org )
- 20180915 : The way you decieve the voters is by blank-screening yourself and letting the electors project onto you, by presenting yourself as Conservative even though you're Labour (as Blair did), or conversely presenting yourself as radical even though you're a straight-down-the-line tax-cutting defense-budget-ballooning Republican. ( Sep 15, 2018 , crookedtimber.org )
- 20180915 : How To Think About Conservatism ( Sep 15, 2018 , crookedtimber.org )
- 20180915* Why the US Seeks to Hem in Russia, China and Iran by Patrick Lawrence ( Sep 15, 2018 , consortiumnews.com ) [Recommended]
- 20180915 : This is bad for Trump but not unexpected. Despite the fig leaf of 'Russian collusion' the main brief of Mueller was 'find out bad stuff about Trump and his associates' and of course it was almost inevitable that he would find such stuff because Trump and his cronies are scumbags who exist to break the law ( Aug 24, 2018 , crookedtimber.org )
- 20180915 : Dershowitz Says Manafort Plea Big Win For Mueller; White House Should Be Alarmed ( Sep 15, 2018 , www.zerohedge.com )
- 20180915 : Kerry Trashes Trump Amidst Iran Row 8-Year Old Boy With The Insecurity Of A Teenage Girl ( Sep 15, 2018 , www.zerohedge.com )
- 20180915 : Clapper lied on national TeeeVeee, to the American public with a straight face ( Sep 15, 2018 , www.zerohedge.com )
- 20180915 : Carter Paige? You mean the guy this time last year was a Russian spy? The guy who hasn't been charged with anything? The guy that the original FISA warrants were issued against in order to spy on the trump campaign? Oh yeah that guy. ( Sep 15, 2018 , www.zerohedge.com )
- 20180915 : If there really were an insurance policy against Trump, it might include having ex-intel officials getting hired at national news outlets where they'd monitor and influence news organizations, and be invited to give daily spin on controversies surrounding their own actions. ( Sep 15, 2018 , www.zerohedge.com )
- 20180915 : Strzok never went to FBI school , he was just a CIA employee inserted at FBI> ( Sep 15, 2018 , www.zerohedge.com )
- 20180915 : Strzok Wanted To Hunt Down Trump Ties Using FBI Steele Dossier Report Leaked To CNN ( Sep 15, 2018 , www.zerohedge.com )
- 20180915 : So now CNN is complicit in illegal leaking, disinformation laundering ( Sep 15, 2018 , www.zerohedge.com )
- 20180915 : Who runs this color revolution against Trump ? ( Sep 15, 2018 , www.zerohedge.com )
- 20180915 : The Mueller investigation has been going on for a very long time - if he had found anything of any real value it would be out there already, trying to reduce Trump popularity and hit the GOP mid-terms ( Sep 15, 2018 , www.zerohedge.com )
- 20180915 : Definition_of_sedtion ( Sep 15, 2018 , www.zerohedge.com )
- 20180915 : It was Rosenstein's official recommendation to Trump to terminated Comey because Rosenstein was trying to install Mueller as FBI director, a professional "yes man" and cover up specialist. So when Trump wouldn't make Mueller FBI director, then Rosenstein had to destroy Trump to cover up. He appointed Mueller to special council ( Sep 15, 2018 , www.zerohedge.com )
- 20180915 : Ten Misconceptions About Financial Crisis on 10-Year Anniversary ( Sep 15, 2018 , www.bloomberg.com )
- 20180915 : The problem there is that the USA cannot sell LNG at a competitive price against pipeline gas and still make money ( Sep 15, 2018 , thenewkremlinstooge.wordpress.com )
- 20180915 : Ukraine attacks Russia on legal field and score points against Gasprom ( Sep 15, 2018 , thenewkremlinstooge.wordpress.com )
- 20180914 : The entire neoliberal system is disintegrating fast. The world is already a completely different place from a year ago. The elite are in such a panic that everything they do makes things worse and increases the speed of the collapse. ( Sep 14, 2018 , www.moonofalabama.org )
- 20180913 : Today we live in a world of predatory educators ( Sep 13, 2018 , www.moonofalabama.org )
- 20180912 : Panic And Dismay Leaked Video Reveals Distraught Google Execs Grappling With Hillary Clinton's Loss ( Sep 12, 2018 , www.zerohedge.com )
- 20180912 : State AGs to Step Up Enforcement Against Tech Companies ( Sep 12, 2018 , www.nakedcapitalism.com )
- 20180912 : If You Read This Book, It'll Make You a Radical A Conversation with Thomas Frank by John Siman ( Sep 11, 2018 , www.nakedcapitalism.com )
- 20180912 : Apple Unveils New iPhone XS Max, 4th-Gen Apple Watch ( Sep 12, 2018 , www.zerohedge.com )
- 20180910 : >Trump and Bernie: A Match Made in Tech Hell by Generally Risk ( Sep 09, 2018 , www.zerohedge.com )
- 20180910 : Only the zero-interest rates of the Fed's Quantitative Easing could have financed the fracking boom - without QE, US oil and gas would not even exist on the world's radar. ( Sep 10, 2018 , www.moonofalabama.org )
- 20180910 : US Says Assad Has Approved Gas Attack In Idlib, Setting Stage For Major Military Conflict ( Sep 10, 2018 , www.zerohedge.com )
- 20180910 : Pigs Want To Feed at the Trough Again: Bernanke, Geithner and Paulson Use Crisis Anniversary to Ask for More Bailout Powers ( Sep 10, 2018 , www.nakedcapitalism.com )
- 20180910 : Trump was able to harness and give voice to some very important forces working against classic neoliberalism ( Sep 10, 2018 , www.theamericanconservative.com )
- 20180910 : This Is A Coup, Okay Bannon Weighs In On Anonymous Anti-Trump Op-Ed ( Sep 10, 2018 , www.zerohedge.com )
- 20180910 : A Diabolic False Flag Empire Is The American Trajectory Divine Or Demonic ( Sep 10, 2018 , www.zerohedge.com )
- 20180909 : The centrepiece of Trump's economic policy is weapons, oil and LNG exports ( Aug 24, 2018 , www.newsilkstrategies.com )
- 20180909 : Financial interests dominate politics at least since 1902 ( Sep 09, 2018 , www.unz.com )
- 20180909 : Revisiting Privatization's Claims ( Sep 06, 2018 , www.nakedcapitalism.com )
- 20180908 : Russia, the West, and Recent Geoeconomics in Europe's Gas Wars by Gordon M. Hahn ( Jun 25, 2018 , gordonhahn.com )
- 20180907 : The NYT OpEd might be written by one of the people who were fired during the very EARLY days of the Trump administration ( Sep 07, 2018 , www.zerohedge.com )
- 20180907 : 30% of America's Student Loan Borrowers Can't Keep Up After Six Years ( Sep 07, 2018 , news.slashdot.org )
- 20180907 : Scientists Warn the UN of Capitalism's Imminent Demise ( Sep 07, 2018 , news.slashdot.org )
- 20180907 : Neoliberal Totalitarianism And The Social Contract Countercurrents ( Sep 07, 2018 , countercurrents.org )
- 20180907* Neomodernism - Wikipedia ( Sep 07, 2018 , en.wikipedia.org ) [Recommended]
- 20180907 : In Eastern Europe And Russia, Reminders Of Communist Horrors Are Everywhere ( Sep 07, 2018 , www.zerohedge.com )
- 20180907 : Latin America- Rightwing Interlude and the Death Rattle of Neoliberalism by James Petras ( Sep 04, 2018 , www.unz.com )
- 20180907 : Are We Being Played by Caitlin Johnstone ( Sep 07, 2018 , www.zerohedge.com )
- 20180906 : Paradise Papers Reveal US Selling Russian LNG In Europe by Irina Slav ( Nov 10, 2017 , oilprice.com )
- 20180906 : Secret Grand Jury Proceedings Underway Against Andrew McCabe; Witnesses Summoned ( Sep 06, 2018 , www.zerohedge.com )
- 20180906 : If NYT made up fake news pretending to be a senior white house official, OR, there really is somebody in his inner circle anonymously stabbing POTUS in the back, it is very bad news and there should be serious hell to pay ( Sep 06, 2018 , www.zerohedge.com )
- 20180906 : An Army Of #Resisters Dozens Of White House Staffers Say Wish We Had Written NYT Op-Ed ( Sep 06, 2018 , www.zerohedge.com )
- 20180906 : One Word Has People Convinced That Mike Pence Is Mystery Author Of Scathing NYT Op-Ed ( Sep 06, 2018 , www.zerohedge.com )
- 20180906 : Trump Saboteur Op-Ed Backfires LA Times Calls A Coward; Greenwald Unelected Cabal ( Sep 06, 2018 , www.zerohedge.com )
- 20180906 : For anyone that hasn't seen this yet check out this video of McStain's funeral where Mattis and Kelly give Lindsey Graham the stare down after he gives hugs to Huma Abedine ( Sep 06, 2018 , www.zerohedge.com )
- 20180905 : Melting Arctic Creates New Opportunities For LNG ( Sep 05, 2018 , thenewkremlinstooge.wordpress.com )
- 20180904* Kunstler Warns -Some Kind Of Epic National Restructuring Is In The Works ( Sep 04, 2018 , www.zerohedge.com ) [Recommended]
- 20180904 : The shale oil "miracle" was a stunt enabled by supernaturally low interest rates ( Sep 04, 2018 , www.zerohedge.com )
- 20180903 : Why the whole banking system is a scam ( Sep 03, 2018 , www.unz.com )
- 20180903 : Tenth Anniversary of Financial Collapse, Preparing for the Next Crash by Kevin Zeese and Margaret Flowers ( Sep 02, 2018 , www.unz.com )
- 20180903 : New Book Gives Credence to US Ambassador's Claim That Israel Tried to Assassinate Him in 1980 ( Sep 03, 2018 , www.unz.com )
- 20180903 : Ambassador Kurt Volker- US To Drastically Expand Military Assistance To Ukraine ( Sep 03, 2018 , www.zerohedge.com )
- 20180903 : Michael Hudson: Argentina's New $50 Billion IMF Loan Is Designed to Replay its 2001 Crisis ( Jul 25, 2018 , www.nakedcapitalism.com )
- 20180903 : Neo-liberalism Expressed as Simple Rules by Lambert Strether ( Mar 17, 2014 , www.nakedcapitalism.com )
- 20180903 : Neoliberalism privatised profits and socialised risk and losses ( Sep 03, 2018 , www.unz.com )
- 20180903 : Who Wins in the Financial Casino? by Yves Smith ( Sep 18, 2014 , www.nakedcapitalism.com )
- 20180903 : Exposing the Giants- The Global Power Elite by Robert J Burrowes ( Aug 31, 2018 , www.informationclearinghouse.info )
- 20180903 : Sic Semper Tyrannis - E Pluribus Unum no more by Col. Lang ( Sep 03, 2018 , turcopolier.typepad.com )
- 20180902 : Russian Oligarch And Putin Pal Admits To Collusion, Secret Meetings ( Sep 01, 2018 , www.zerohedge.com )
- 20180902 : The countries that are truly dependent on Russia are in ex-communist Eastern Europe. They still rely on a network of pipelines built by USSR, and would go into energy crisis if Russia suddenly ended supply. ( Sep 02, 2018 , www.unz.com )
- 20180902 : Sooner or later, there will be a new financial crisis ( Apr 18, 2018 , www.newcoldwar.org )
- 20180902 : Zakharchenko was a soldier and knew the risks, many others are ready to take his place ( Sep 02, 2018 , www.zerohedge.com )
- 20180902 : Most of the premises of traditional imperialist power politics including forced globalization are simply blown away ( Sep 02, 2018 , www.zerohedge.com )
- 20180902 : Escobar- Get Ready For A Major Geopolitical Chessboard Rumble ( Sep 02, 2018 , www.zerohedge.com )
- 20180902 : Elite [domanance] theory can be viewed as a flavor of Social darvinism ( Sep 02, 2018 , www.moonofalabama.org )
- 20180901 : >Trump's NAFTA Deal Simply Can't Solve America's Manufacturing Problems ( Sep 01, 2018 , www.nakedcapitalism.com )
- 20180901 : Bad Faith Nation- Jim Kunstler Exposes America's -Garbage Barge Of Toxic Politics> ( Sep 01, 2018 , www.zerohedge.com )
- 20180901 : The Suicidal American Empire Is Collapsing Fast, But Its Death Now Would Cause Unacceptable Collateral Damage. Which is why its vassals and even rivals are forced, for now, to try and keep it afloat ( Sep 01, 2018 , www.newyorker.com )
- 20180831 : US is an oligarchy not a democracy ( Aug 31, 2018 , www.moonofalabama.org )
- 20180831 : Let us not forget, that under the mighty and loved O-bomber, a group of US Senators back in 2014 made Bulgaria drop South Stream with god knows what threats, whereas Brussels had previously failed (intentionally?) to do so. Guess who was the lead Senator? ( Aug 31, 2018 , www.moonofalabama.org )
- 20180831 : It is reported that the German company and partner in Nord Stream II, Uniper, may pull out of the project due to the risk of US sanctions ( Aug 31, 2018 , thenewkremlinstooge.wordpress.com )
- 20180831 : Bulgaria stepped up when the European Commission called and got absolutely no compensation for cancelling the South stream to the contrary, the decision cost Bulgaria a great deal of money ( Aug 31, 2018 , thenewkremlinstooge.wordpress.com )
- 20180831 : It occurs to me that if Russia were really as malignant and evil as Washington pretends it is, Russia would be first to take that step, booting American companies out of Russia, perhaps giving them 72 hours to clear out their desks and get out. ( Aug 31, 2018 , thenewkremlinstooge.wordpress.com )
- 20180831 : The globalists would find use for a Trump presidency, more so in fact than a Clinton presidency ( Aug 31, 2018 , www.zerohedge.com )
- 20180831 : Exposing the Giants- The Global Power Elite by Prof. Peter Phillips ( Aug 31, 2018 , www.globalresearch.ca )
- 20180830 : Corporate Welfare Lives On and On ( Aug 30, 2018 , www.theamericanconservative.com )
- 20180830 : There are tons of corrupted Party elites who've enriched themselves brazenly and shamelessly as their counterparts in iFUKUS. But you shouldn't simply equate the whole Chinese party elites to "MIC banksters and its minions" because of some fundamental differences ( Aug 30, 2018 , www.moonofalabama.org )
- 20180829 : Michael Hudson explains the current state of the economy and the basic differences between how a public bank would operate versus a big private bank ( Aug 29, 2018 , www.moonofalabama.org )
- 20180829 : Energy Dominance And America First ( Aug 29, 2018 , seekingalpha.com )
- 20180829 : US data shows no underlying economic acceleration under Trump by John Ross ( May 13, 2018 , www.newcoldwar.org )
- 20180829 : Trump's economic destabilisation ( Aug 29, 2018 , www.newcoldwar.org )
- 20180829 : The Other Side Of John McCain by Max Blumenthal ( Aug 29, 2018 , www.zerohedge.com )
- 20180828 : South Africa is cursed with neo-liberal trickle-down baloney stifling radical economic change by Kevin Humphrey ( medium.com )
- 20180828 : Meadows- -We've Learned NEW Information- Suggesting FBI-DOJ Leaked To Press, Used Articles To Obtain FISA Warrants ( Aug 28, 2018 , www.zerohedge.com )
- 20180828 : US Pushing The Gambit In Syria- Something Big Is Coming As Officials Ramp Up Threats ( Aug 28, 2018 , www.zerohedge.com )
- 20180828 : China Hacked Clinton's Private Email Server- Daily Caller ( Aug 28, 2018 , www.zerohedge.com )
- 20180828* A Colony in a Nation by Chris Hayes ( Mar 23, 2017 , economistsview.typepad.com ) [Recommended]
- 20180827 : Chemically induced fanaticism. We have no idea which of our 'opinion leaders' have undergone such antidepressant induced change ( Aug 27, 2018 , www.unz.com )
- 20180827 : The Billionaire Class is Not Fit to Rule by Paul Jay ( Aug 27, 2018 , therealnews.com )
- 20180826 : US ready to drive Iranian oil exports to zero, says US national security adviser ( Aug 26, 2018 , peakoilbarrel.com )
- 20180826 : Permian -- more cost, less production, more DUCs ( Aug 26, 2018 , peakoilbarrel.com )
- 20180826 : I have some serious doubts about how much and how fast shale oil will grow over the next few years ( Aug 26, 2018 , peakoilbarrel.com )
- 20180826 : Did Saudi pay for the audit? I've found that audits often show the results the customer is looking for. Its not quite a science. More like a combination of fishing and editing. ( Aug 26, 2018 , peakoilbarrel.com )
- 20180826 : There might be be a downward pull on oil price from multiple direction so the price can flutuate in 60 to 100 dollar rang for a while ( Aug 26, 2018 , peakoilbarrel.com )
- 20180826 : What Really Happens to Nicaragua, Venezuela and Ecuador ( Aug 26, 2018 , peakoilbarrel.com )
- 20180826 : "Creating Wealth" through debt- the West's Finance-Capitalist road by Michael Hudson ( May 05, 2018 , www.newcoldwar.org )
- 20180825 : The Other F -Word: Fixers by Raul Ilargi Meijer ( Aug 25, 2018 , www.zerohedge.com )
- 20180825 : Pecker Flips- National Enquirer Boss Gets Immunity In Cohen Case ( Aug 25, 2018 , www.zerohedge.com )
- 20180825 : Is Trump Pushing Germany And Russia Together by Tom Luongo ( Aug 25, 2018 , www.zerohedge.com )
- 20180825 : The Geopolitics Of Energy ( Aug 25, 2018 , www.zerohedge.com )
- 20180825 : The Geostrategy That Guides Trump's Foreign Policies by ERIC ZUESSE ( Jun 10, 2018 , www.strategic-culture.org )
- 20180825 : Trump is deliberately pushing Germany and Russia to make deals in order to shuffle the deck by Gilbert Docotrow ( Aug 23, 2018 , russia-insider.com )
- 20180825 : As Washington's Neocons "Crush" Russia, Ron Paul Warns Sanctions Lead To War ( Aug 25, 2018 , www.zerohedge.com )
- 20180825 : Whistleblower- It Was A Failed Coup, Mainstream Media Are Covering Up Phony DOJ Dossier - Zero Hedge ( Aug 25, 2018 , www.zerohedge.com )
- 20180825 : Kunstler- -The Financialization Rackets That Replaced The Real Economy Have Come Unglued- - Zero Hedge ( Aug 25, 2018 , www.zerohedge.com )
- 20180825 : The warmonger's response to negotiation by Manlio Dinucci ( Jul 26, 2018 , www.voltairenet.org )
- 20180825 : In The New -Multipolar World- The Globalists Still Control All The Players - Zero Hedge ( Aug 25, 2018 , www.zerohedge.com )
- 20180825 : One Holdout Juror Prevented A Ruling On All 18 Counts Against Manafort ( Aug 25, 2018 , www.zerohedge.com )
- 20180825 : Norman - If Paul Manafort Is Going To Prison, Tony Podesta Should Be Joining Him ( Aug 25, 2018 , www.zerohedge.com )
- 20180825 : Inside America's Meddling Machine: Max Blumenthal Exposes The Regime Change Promoting 'NED' ( Aug 25, 2018 , www.zerohedge.com )
- 20180825 : CIA's Kremlin Spies Suddenly Go Dark ( Aug 25, 2018 , www.zerohedge.com )
- 20180825 : Trashing Treaties- Trump s Shameful Legacy ( Aug 25, 2018 , www.strategic-culture.org )
- 20180824 : My father, who was a professor, used to say: "Jesus was a great teacher, but he didn't publish enough to get tenure." ( Aug 24, 2018 , thenewkremlinstooge.wordpress.com )
- 20180824 : Gazprom leads the world in capital expenditure (capex) on global energy projects, by a wide, wide margin $160 Billion to be spent on 84 projects worldwide, including Nord Stream II and Turkish Stream. ( Aug 24, 2018 , thenewkremlinstooge.wordpress.com )
- 20180824* The priorities of the deep state and its public face the MSM ( Aug 24, 2018 , thenewkremlinstooge.wordpress.com ) [Recommended]
- 20180824 : The establishment are shocked that the ordinary people want out of the European Union (EU). They just don't realize that people are fed up being used, abused, dictated to, lied to, manipulated ( Aug 24, 2018 , consortiumnews.com )
- 20180824 : So How Serious Is This ( Aug 24, 2018 , crookedtimber.org )
- 20180823 : JAMES THOMPSON AUGUST 21, 2018 1,100 WORDS ( Aug 23, 2018 , www.unz.com )
- 20180823 : The crisis of the US empire and the crisis of neolibral globalization ( Aug 22, 2018 , www.theamericanconservative.com )
- 20180822* The US financial sector has manifestly failed at allocating capital properly and is filled with rent seeking by Anatoly Karlin ( Aug 22, 2018 , www.unz.com ) [Recommended]
- 20180819 : Will Iran war be a final nail in the US neoliberal empire? ( Aug 19, 2018 , www.unz.com )
- 20180819 : Fate Of Key Gas Pipeline In The Balance As Putin, Merkel Begin Meeting ( Aug 19, 2018 , www.zerohedge.com )
- 20180819 : FBI Dealt Blow By DC Judge; Must Address Measures Taken To Verify Steele Dossier ( Aug 18, 2018 , www.zerohedge.com )
- 20180819 : Economics ( Aug 19, 2018 , www.unz.com )
- 20180819 : Ukraine prepares to sever all remaining public-transit links with Russia but expects that Russia will transport gas via its territory ( Aug 19, 2018 , thenewkremlinstooge.wordpress.com )
- 20180819 : Guess who invested in Naftogaz? ( Aug 19, 2018 , thenewkremlinstooge.wordpress.com )
- 20180819 : Decoding the Deep State -- Crooked Timber ( Aug 18, 2018 , crookedtimber.org )
- 20180819 : New Interests Join The Clash About North-East Syria ( Aug 19, 2018 , www.moonofalabama.org )
- 20180819* End of "classic neoliberalism": to an extent hardly imaginable in 2008, all the world's leading economies are locked in a perpetually escalating cycle of economic warfare. ( Aug 19, 2018 , thenewkremlinstooge.wordpress.com ) [Recommended]
- 20180819 : The Trump-Media Logrolling by Sam Husseini ( Aug 17, 2018 , www.nakedcapitalism.com )
- 20180818 : BIG TROUBLE BREWING AT THE BAKKEN Rapid Rise In Water Production Signals Red Flag Warning Zero Hedge Zero Hedge ( Aug 18, 2018 , www.zerohedge.com )
- 20180818 : The most embarrassing outcome will turn out to be that they actually did nothing to verify the Steele dossier ( Aug 18, 2018 , www.zerohedge.com )
- 20180818 : Declining America Is Setting up Itself for Terrible Revenge After the Fall by Philip Giraldi ( www.unz.com )
- 20180818 : Neoliberalism illness can't be cures other then by a "regime change" ( Aug 18, 2018 , www.unz.com )
- 20180818* Corporate Media the Enemy of the People by Paul Street ( Aug 18, 2018 , www.counterpunch.org ) [Recommended]
- 20180818 : But always remember, the FBI/DOJ is honorable . ( Aug 18, 2018 , www.zerohedge.com )
- 20180818 : Deeply Troubling - Wall Street Journal Implores What Was Bruce Ohr Doing ( Aug 17, 2018 , www.zerohedge.com )
- 20180818 : Pentagon Whistleblower Demoted After Exposing Millions Paid To FBI Spy Halper, Clinton Crony ( Aug 16, 2018 , www.zerohedge.com )
- 20180818 : "DNC server hack" was an insider transfer. Insider dead. Dead men tell no tales and so far, neither does Wikileaks ( Aug 18, 2018 , www.zerohedge.com )
- 20180818 : Coup d' tat is such an ugly word ( Aug 18, 2018 , www.zerohedge.com )
- 20180818 : Twitter censorship is not surprising, but Trump usage of Twitter is ( Aug 18, 2018 , www.zerohedge.com )
- 20180817 : The Department N of the Ministry of Truth is upset about Trump revelations ( Aug 17, 2018 , www.zerohedge.com )
- 20180817 : FBI Forensic labs are shit and dishonest. They had 20 years of cases reviewed because of their false testimony on hair matching. ( Aug 17, 2018 , www.zerohedge.com )
- 20180817 : Running timeline of Steele dossier: ( Aug 17, 2018 , www.zerohedge.com )
- 20180817 : The truth is always treason in an empire of lies... ( Aug 17, 2018 , www.zerohedge.com )
- 20180817 : Deeply Troubling - Wall Street Journal Implores What Was Bruce Ohr Doing Zero Hedge ( Aug 17, 2018 , www.zerohedge.com )
- 20180817 : Voter Fatigue Why Brenda from Bristol wouldn't complain if she knew what Americans have to put up with ( Aug 17, 2018 , crookedtimber.org )
- 20180817 : Brennan Goes Nuclear After Losing Security Clearance, Pens Furious Screed In NYT ( Aug 17, 2018 , www.zerohedge.com )
- 20180817 : Neocons and [neo]Liberals Join Forces to Fight Populism by Paul Gottfried ( Aug 13, 2018 , www.theamericanconservative.com )
- 20180817 : US sanctions mean the crisis of comprador capitalism in Russia ( Aug 12, 2018 , pravdoiskatel77.livejournal.com )
- 20180817 : Young Americans have soured on capitalism, and that's what got Trump elected Slavoj i ek ( Aug 17, 2018 , www.rt.com )
- 20180815 : Talking Turkey: In essence this is an emerging market financial crisis, much like the 1997-98 Asian Financial Crisis ( Aug 15, 2018 , caucus99percent.com )
- 20180815 : Most US graduates won't be debt-free until they're in their 40s. ( Aug 15, 2018 , www.theamericanconservative.com )
- 20180815 : Deciphering The New Caspian Agreemen ( Aug 15, 2018 , www.zerohedge.com )
- 20180815 : Imperial brainwashing works very well: Many US citizents were willing to kill 2 million Iranian civilians to save 20,000 U.S. soldiers. ( Aug 15, 2018 , thenewkremlinstooge.wordpress.com )
- 20180815 : China's retaliation will hit America's energy industry particularly hard ( Aug 15, 2018 , thenewkremlinstooge.wordpress.com )
- 20180815 : Mark Chapman ( Aug 15, 2018 , thenewkremlinstooge.wordpress.com )
- 20180815 : US production of natural gas for export might well be a wishful thinking ( Aug 15, 2018 , thenewkremlinstooge.wordpress.com )
- 20180815 : Dezinformation from Euractive intended to block North Stream II ( Aug 15, 2018 , thenewkremlinstooge.wordpress.com )
- 20180815 : Countermove in Caspian see: no NATO allowed ( Aug 15, 2018 , thenewkremlinstooge.wordpress.com )
- 20180815 : Lira Surges After Turkey Crushes Shorts, Imposes New US Sanctions, Denies Brunson Appeal For Release ( Aug 15, 2018 , www.zerohedge.com )
- 20180814 : Did Trump openly rejected some postulates of neoliberalism, at least during the election compaign ? Was Hillary somehow a bigger crook than Trump? ( Aug 14, 2018 , crookedtimber.org )
- 20180814 : No matter how globalism is repackaged, it always smells the same way in the end. ( Aug 14, 2018 , www.zerohedge.com )
- 20180814 : Pope Francis and the Caring Society ( Aug 14, 2018 , www.independent.org )
- 20180814 : Trump's Trade War with China Undermining China's Dependence on Neoliberalism ( Aug 14, 2018 , therealnews.com )
- 20180814 : Technocrats Rule Democracy Is 'OK' As Long As The People Rubberstamp Our Leadership ( Aug 14, 2018 , www.zerohedge.com )
- 20180814 : Censorship Is What Happens When Powerful People Get Scared ( Aug 14, 2018 , www.zerohedge.com )
- 20180814 : Try track me after that, google. ( Aug 14, 2018 , www.zerohedge.com )
- 20180814 : I am sure the tracking your movements all the time it s just a harmless oversight on the part of Google. ( Aug 14, 2018 , www.zerohedge.com )
- 20180814 : Paranoia as a natural condition of people living in the national security state: Faraday Cages for sale! Get yours today -- or they'll get you tomorrow! ( Aug 14, 2018 , www.zerohedge.com )
- 20180814 : Peter Strzok Fired From The FBI ( Aug 13, 2018 , www.zerohedge.com )
- 20180814 : Neo-liberal phase is in state of collapse. It doesn't mean that capitalism is collapsing; but that its current form is collapsing and we're entering a new phase. ( Aug 14, 2018 , www.defenddemocracy.press )
- 20180814 : Trump s Creative Vision for a New, Sensible, RealPolitik American Foreign Policy ( Aug 14, 2018 , russia-insider.com )
- 20180813 : The other reason The shift will be to hybrids - not fully-electric. ( Aug 13, 2018 , www.zerohedge.com )
- 20180813 : Corporate America is in real trouble ( Aug 13, 2018 , caucus99percent.com )
- 20180813 : The Annals of Roacheforque Back That A$$et Up ... ( Aug 13, 2018 , roacheforque.blogspot.com )
- 20180813 : The Real Reason Why Trump Cancelled The Iran Deal by Eric Zuesse ( Aug 12, 2018 , www.zerohedge.com )
- 20180813 : CBO Cuts 2018 GDP Outlook, Sees Fewer Fed Rate Hikes ( Aug 13, 2018 , www.zerohedge.com )
- 20180813 : Will Turkey be the first domino to fall Zero Hedge Zero Hedge ( Aug 13, 2018 , www.zerohedge.com )
- 20180813 : The Founding Fathers would have impeached corrupt Trump in a New York minute ( Aug 13, 2018 , www.zerohedge.com )
- 20180813 : Carter Page was a plant, just like Manafort and Papadapolous ( Aug 13, 2018 , www.zerohedge.com )
- 20180813 : Social Unrest Breaks Out In China After Panic Bank Run On Peer-2-Peer Lenders ( Aug 13, 2018 , www.zerohedge.com )
- 20180813 : Corporate Capitalists Killed American Identity by David Masciotra ( Aug 10, 2018 , www.theamericanconservative.com )
- 20180812 : David Stockman The World Economy Is At An Epochal Pivot by Adam Taggart ( Aug 11, 2018 , www.zerohedge.com )
- 20180812 : One of the things folks are not getting is that when a crash occurs that there is no place for the crash to land ( Aug 12, 2018 , www.zerohedge.com )
- 20180812 : Economics, Trumpism and Migration ( Aug 12, 2018 , crookedtimber.org )
- 20180812 : One of FDR s Best Speeches: I welcome their hatred ( Aug 12, 2018 , caucus99percent.com )
- 20180812 : A Trumpist dream about how neoliberals will be purged ( Aug 12, 2018 , www.nakedcapitalism.com )
- 20180811 : Soros: We may be heading for another major financial crisis ( Aug 11, 2018 , www.nytimes.com )
- 20180811 : Economics, Trumpism and Migration ( Aug 11, 2018 , crookedtimber.org )
- 20180811 : Major color revolutions sponsor is in decline, but still show his teeth and his methods did not become less dangerius for Eastern Europe, xUSSR space and developing countries ( Aug 11, 2018 , www.nytimes.com )
- 20180811 : Looks like Session was the insurance about which Strzok texted ( Aug 11, 2018 , www.zerohedge.com )
- 20180811 : Trumpism Has Dealt a Mortal Blow to Orthodox Economics and 'Social Science' ( Nov 26, 2016 , www.nakedcapitalism.com )
- 20180811 : A White, Trump-Voting Charlottesville Survivor Reflects On "An Entire Failed System Propped Up On Lies" ( Aug 11, 2018 , www.zerohedge.com )
- 20180810* On Contact: Casino Capitalism with Natasha Dow Schull ( Mar 25, 2017 , www.youtube.com ) [Recommended]
- 20180810 : When> people use the term Jews they typically mean Financial oligachy ( Jun 27, 2018 , www.unz.com )
- 20180810 : Hitler Trump The Great Man Theory Debunked by Gerold ( Aug 10, 2018 , www.zerohedge.com )
- 20180810 : Butina Case Neo-McCarthyism Engulfs America ( Aug 10, 2018 , www.zerohedge.com )
- 20180809 : SEC Is Probing Musks Going Private Tweet To Determine If He Lied Zero Hedge ( Aug 09, 2018 , www.zerohedge.com )
- 20180809 : Institutionalizing Intolerance Bullies Win, Freedom Suffers When We Can't Agree To Disagree by John Whitehead ( Aug 09, 2018 , www.zerohedge.com )
- 20180809 : Ha-Joon Chang Economics: The User s Guide ( Aug 09, 2018 , www.goodreads.com )
- 20180809 : Free speech for me but not for thee ( Aug 09, 2018 , www.zerohedge.com )
- 20180808 : Mask may be unhinged, but he gives you something new to chase every day. ( Aug 08, 2018 , www.nakedcapitalism.com )
- 20180808 : In a fascinating study, Karen Stenner shows in The Authoritarian Dynamic that while some individuals have "predispositions" towards intolerance, these predispositions require an external stimulus to be transformed into actions ( Aug 08, 2018 , crookedtimber.org )
- 20180808 : In many ways, the Democratic elite are small "c"onservatives. New ideas and such are frightening to them. ( Aug 08, 2018 , www.nakedcapitalism.com )
- 20180808 : "How Liberalism Self-Destructed" ( Aug 08, 2018 , eand.co )
- 20180808 : New 'bubble' looming How dangerous are tech giants that don't make profits (VIDEO) ( Aug 08, 2018 , www.rt.com )
- 20180808 : The U.S. Oil Production "Mirage" by Nick Cunningham ( Aug 08, 2018 , oilprice.com )
- 20180808 : Prepare for $90 oil after sanctions against Iran take effect analyst ( Aug 06, 2018 , www.rt.com )
- 20180808 : US World Oil Production and ExxonMobil Outlook ( Aug 08, 2018 , peakoilbarrel.com )
- 20180808 : America's About To Unleash Its NOPEC 'Superweapon' Against The Russians Saudis ( Aug 08, 2018 , www.zerohedge.com )
- 20180808 : The Magnitsky Trio Pushes For War With Russia With New Sanctions by Tom Luongo ( Aug 08, 2018 , www.zerohedge.com )
- 20180808 : As Washington's Neocons Crush Russia, Ron Paul Warns Sanctions Lead To War ( Aug 06, 2018 , www.zerohedge.com )
- 20180808 : We need to see a larger context then neoliberalism in this issue. And it is the end of cheap oil or Plato oil production with increasing prices environment by likbez ( Aug 06, 2018 , angrybearblog.com )
- 20180808 : How Hedge Fund Activists Coopted Shareholder Democracy ( Aug 06, 2018 , www.nakedcapitalism.com )
- 20180808 : UK Poised To Demand Extradition Of Russian Suspects In Salisbury Nerve Agent Attack ( Aug 08, 2018 , www.zerohedge.com )
- 20180808 : Trump Warns Allies Risk Severe Consequences If They Violate Iran Sanctions ( Aug 08, 2018 , www.zerohedge.com )
- 20180807 : The Death Of US And UK Neo-Colonialism Zero Hedge by Martin Sieff ( Aug 07, 2018 , www.zerohedge.com )
- 20180807 : Can Freedom and Capitalism Co-Exist ( Aug 07, 2018 , www.counterpunch.org )
- 20180807 : Ministry of Plenty ( Aug 07, 2018 , en.wikipedia.org )
- 20180807 : Bill Black Pre-Crisis 4506-T Studies Showed Massive Fraud in Liar's Loans; Fed Ignored Warning, DoJ Refused to Target Implic ( Aug 07, 2018 , www.nakedcapitalism.com )
- 20180807 : Hit piece on Tulsi Gabbard in the Intercept, attacking her anti-war politics. ( Aug 07, 2018 , www.nakedcapitalism.com )
- 20180807 : Once the Democratic Party has burned the people who fall under the marketing term "Millennials" enough times, they'll move on to the new "hope" of Gen Z who won't have multiple memories of lie after lie ( Aug 07, 2018 , www.nakedcapitalism.com )
- 20180807 : Pat Buchanan Are Globalists Plotting A Counter-Revolution ( Aug 07, 2018 , www.zerohedge.com )
- 20180807 : Trump To Slap $16 Billion In New Tariffs On Chinese Imports Starting August 23 ( Aug 07, 2018 , www.zerohedge.com )
- 20180807 : Trillion Dollar Companies the Apple Empire and Concentrated Markets by Binoy Kampmark ( Aug 07, 2018 , www.counterpunch.org )
- 20180807 : Identity politics is a part of the ruling neoliberal class ideology ( Aug 07, 2018 , www.nakedcapitalism.com )
- 20180807 : Mueller, Russia and Oil Politics by Rob Urie ( Feb 19, 2018 , www.counterpunch.org )
- 20180807 : Obamacare architect: We passed law due to 'stupidity of the American voter' ( Aug 07, 2018 , www.zerohedge.com )
- 20180807 : The role of US MSM in one sentence: "You furnish the pictures. I'll furnish the war." ( Aug 07, 2018 , www.nakedcapitalism.com )
- 20180807 : Truth Decay: Living in the Age of the Big Lie ( Aug 07, 2018 , www.nakedcapitalism.com )
- 20180807 : False flag antisemtism ( Aug 07, 2018 , www.zerohedge.com )
- 20180807 : An interesting analogy with neocons effort to fuel Russiagate hysteria ( Aug 07, 2018 , www.nakedcapitalism.com )
- 20180806 : For Many College Students, Hunger Can 'Make It Hard To Focus In Class' naked capitalism ( Aug 06, 2018 , www.nakedcapitalism.com )
- 20180806 : Ministry of Plenty ( Aug 06, 2018 , en.wikipedia.org )
- 20180806 : New 'bubble' looming How dangerous are tech giants that don't make profits (VIDEO) ( Aug 06, 2018 , www.rt.com )
- 20180806 : A simple formula for tech startup success: Take money from venture capitalists, provide a below-market price for a popular service. Pocket as much as you can before bankruptcy. ( Aug 06, 2018 , www.nakedcapitalism.com )
- 20180806 : The U.S. Oil Production "Mirage" OilPrice.com ( Aug 06, 2018 , oilprice.com )
- 20180806 : Prepare for $90 oil after sanctions against Iran take effect analyst -- RT Business News ( Aug 06, 2018 , www.rt.com )
- 20180806 : America's About To Unleash Its NOPEC 'Superweapon' Against The Russians Saudis ( Aug 06, 2018 , www.zerohedge.com )
- 20180806 : The Magnitsky Trio Pushes For War With Russia With New Sanctions by Tom Luongo, ( Aug 06, 2018 , www.zerohedge.com )
- 20180806 : As Washington's Neocons Crush Russia, Ron Paul Warns Sanctions Lead To War Zero Hedge ( Aug 06, 2018 , www.zerohedge.com )
- 20180806 : How Hedge Fund Activists Coopted Shareholder Democracy naked capitalism ( Aug 06, 2018 , www.nakedcapitalism.com )
- 20180806 : UK Poised To Demand Extradition Of Russian Suspects In Salisbury Nerve Agent Attack Zero Hedge ( Aug 06, 2018 , www.zerohedge.com )
- 20180806 : It's very profitable to be an anti-Russian talking head. ( Aug 06, 2018 , www.nakedcapitalism.com )
- 20180806 : Trump Warns Allies Risk Severe Consequences If They Violate Iran Sanctions Zero Hedge ( Aug 06, 2018 , www.zerohedge.com )
- 20180805 : Canadians Begin Boycotting US Goods ( Aug 05, 2018 , www.zerohedge.com )
- 20180805 : Human beings, in their thinking, feeling and acting are not free but as causally bound as the stars in their motions ( Aug 05, 2018 , www.unz.com )
- 20180804 : When the daily newspapers are brimming with lurid tales of hideous demons walking among us and attacking people on every street corner, but you yourself have never actually seen one, you may gradually grow suspicious. ( Aug 04, 2018 , www.unz.com )
- 20180804 : Politics, Partisanship and Personality Types by John Holbo ( Aug 04, 2018 , crookedtimber.org )
- 20180804 : The "next" financial crisis and public banking as the response by Michael Hudson ( Aug 04, 2018 , www.unz.com )
- 20180804 : Liberal Hero Chomsky Admits Israeli Intervention In US Elections Overwhelms Anything Russia Has Done ( Aug 04, 2018 , www.zerohedge.com )
- 20180804 : The US empire was always conducting trade wars that even included deliberately created cartels ( Aug 04, 2018 , failedevolution.blogspot.com )
- 20180804 : Tariq Ali Global revolt against corporate capitalism and inequality (On Contact) ( Jun 12, 2016 , www.youtube.com )
- 20180803 : The Future of Global Capitalism with David Harvey ( Jun 09, 2018 , www.youtube.com )
- 20180803 : Latin America: Reforms Which Deform ( Aug 03, 2018 , www.unz.com )
- 20180803 : The Coming Collapse of the American Economic System with Richard Wolff ( Jul 07, 2018 , www.youtube.com )
- 20180803 : Donald Trump might be a symptom that neoliberal system is about to collapse ( Jul 10, 2018 , failedevolution.blogspot.com )
- 20180803 : The "accounting view" of money: money as equity ( Aug 03, 2018 , www.nakedcapitalism.com )
- 20180803 : The Michael Hudson Report The "Next" Financial Crisis and Public Banking as the Response naked capitalism ( Aug 03, 2018 , www.nakedcapitalism.com )
- 20180803 : "Casino Capitalism" Economist Michael Hudson on What's Behind the Stock Market's Rollercoaster Ride ( Aug 25, 2015 , www.democracynow.org )
- 20180803 : Another Minsky moment coming ? ( Aug 03, 2018 , www.nakedcapitalism.com )
- 20180803 : Paul Craig Roberts Who Does America Really Belong To ( Aug 03, 2018 , www.zerohedge.com )
- 20180803 : Bill Clinton "Contract for America" should be properly called a "Contract ON America".! ( Aug 03, 2018 , www.nakedcapitalism.com )
- 20180802 : Top Trump Donor Agreed To Pay Cohen $10 Million For Help With Funding WSJ ( Aug 02, 2018 , www.zerohedge.com )
- 20180802 : Most poverty is in female-headed households ( Aug 02, 2018 , www.zerohedge.com )
- 20180802 : Senators Seek Crushing Sanctions For Russia In New Bill ( Aug 02, 2018 , www.zerohedge.com )
- 20180802 : MAGA was a bait and switch trick: The Trump election campaign rallying cry was to make America great again, but Trump actions are to revert the government and tax system to when America wasn't that great. ( Aug 02, 2018 , www.zerohedge.com )
- 20180802 : The Crisis of Neoliberalism by Gérard Duménil & Dominique Levy ( Feb 04, 2013 , www.amazon.com )
- 20180801 : Trump Tells Jeff Sessions To End Mueller Investigation Right Now ( Aug 01, 2018 , www.zerohedge.com )
- 20180731 : Morgan Stanley The Selling Has Just Begun; This Correction Will Be The Biggest Since February ( Jul 30, 2018 , www.zerohedge.com )
- 20180731 : We must encourage and support measures that can prevent neoliberalism from driving humanity off the cliff ( Jul 31, 2018 , akacatholic.com )
- 20180731 : Trump vs. the New World Order by Stephen Kokx ( Jul 31, 2018 , akacatholic.com )
- 20180731 : Trillions were spend by Obama on wars, bankers bailouts and political corruption ( Jul 31, 2018 , www.zerohedge.com )
- 20180731 : Michigan Declares State Of Emergency After Cancer-Linked Toxin Found In Drinking Water Zero Hedge ( Jul 31, 2018 , www.zerohedge.com )
- 20180730 : Jeff Bezos Paper Tells You Not To Worry About Those Billionaires ( Jul 30, 2018 , www.zerohedge.com )
- 20180730 : Bezos purchased the long-trusted US newspaper for the power it would ensure him in Washington ( Jul 30, 2018 , www.zerohedge.com )
- 20180730 : Google Bitten by 2nd Antitrust Fine in the EU, $5 Billion, Hugest Ever Anywhere. Third Waiting in the Wings by Lambert Strether ( Jul 19, 2018 , www.nakedcapitalism.com )
- 20180729 : The maximizing shareholder value myth turns people into sociopath ( Jul 29, 2018 , www.nakedcapitalism.com )
- 20180729 : The Middle Precariat: The Downwardly Mobile Middle Class by Lynn Parramore ( Jul 26, 2018 , www.nakedcapitalism.com )
- 20180729 : Bill Maher Leads Attack on Larry Wilkerson over Trump Meeting with Putin ( Jul 29, 2018 , www.nakedcapitalism.com )
- 20180729 : Vanity Dem what a great epithet for Maher! ( Jul 29, 2018 , www.nakedcapitalism.com )
- 20180729 : I call bullshit on anyone who uses the word "appeasement" in any ostensibly serious "foreign policy" discussion ( Jul 29, 2018 , www.nakedcapitalism.com )
- 20180729 : Cult of GDP is a damaging mental disease. With the size of the USA financial sector it is grossly distorted. ( Jul 29, 2018 , www.theamericanconservative.com )
- 20180729 : Russia, the West, and Recent Geoeconomics in Europe's Gas Wars by Gordon M. Hahn ( Jul 29, 2018 , gordonhahn.com )
- 20180729 : The industry's average decline rate -- the speed at which output falls without field maintenance or new drilling -- was 6.3% in 2016 and 5.7% last year ( Jul 29, 2018 , peakoilbarrel.com )
- 20180729 : Rystad has first half figures for discoveries a bit better than last year, though more on the gas side than oil ( Jul 29, 2018 , peakoilbarrel.com )
- 20180728* American Society Would Collapse If It Were not For These 8 Myths by Lee Camp ( Jul 27, 2018 , www.zerohedge.com ) [Recommended]
- 20180728 : What Does Google Know About You An (Auto)Complete Guide by John Mason ( Jul 27, 2018 , www.zerohedge.com )
- 20180728 : Alphabet's Eric Schmidt Steps Down From Executive Chairman Role ( Jul 28, 2018 , www.zerohedge.com )
- 20180728 : #Walkaway: The immolation of both neoliberal media and Clintonized Democratic Party is occurring simultaneously. Looks like we also have seen Peak Facebook ( Jul 28, 2018 , www.zerohedge.com )
- 20180728 : Facebook Follows YouTube's Lead, Blocks Alex Jones' Pages ( Jul 28, 2018 , www.zerohedge.com )
- 20180728 : Ghosts of Bubbles Past ( Jul 28, 2018 , jessescrossroadscafe.blogspot.com )
- 20180728 : Stocks Lack GDP Enthusiasm - Non-Farm Payrolls and FOMC Next Week ( Jul 28, 2018 , jessescrossroadscafe.blogspot.com )
- 20180728 : Putin The US Is Making A Big Mistake By Weaponizing The Dollar Zero Hedge ( Jul 28, 2018 , www.zerohedge.com )
- 20180728 : Fernando Leanme ( Jul 28, 2018 , blogspot.com.es )
- 20180728 : Global Oil Discoveries See Remarkable Recovery In 2018 Zero Hedge ( Jul 28, 2018 , www.zerohedge.com )
- 20180728 : Vladimir The Terrible - US Deep State Desperately Needs A Russian Villain To Cover Its Tracks Zero Hedge ( Jul 28, 2018 , www.zerohedge.com )
- 20180728 : Bill Clinton Heckled By Angry Prostitutes In Amsterdam ( Zero Hedge )
- 20180728 : Paul Craig Roberts Exposes The All-Pervasive Military-Security Complex ( Jul 28, 2018 , www.zerohedge.com )
- 20180727 : Transformed Gas Markets Fuel US-Russian Rivalry, But Europe Plays Key Role Too by Morena Skalamera ( May 30, 2018 , www.russiamatters.org )
- 20180727 : Top U.S. Shale Oil Fields Decline Rate Reaches New Record.... Half Million Barrels Per Day by SRSrocco ( Jul 26, 2018 , www.zerohedge.com )
- 20180727 : 3rd Russian LNG shipment to USA to arrive 26th July ( Jul 27, 2018 , community.oilprice.com )
- 20180727 : Financial Times: Chinese Officials "Awed" by Trump's "Skill as a Strategist and Tactician" ( Jul 27, 2018 , www.nakedcapitalism.com )
- 20180727 : What Everyone Seemed To Ignore In Helsinki by Jon Basil Utley ( Jul 27, 2018 , www.zerohedge.com )
- 20180727 : Was Rob Goldstone MI6 operative or MI6 stooge ? ( Jul 27, 2018 , www.zerohedge.com )
- 20180727 : Cohen Ready To Flip Will Tell Mueller Trump Knew About Trump Tower Meeting ( Jul 27, 2018 , www.zerohedge.com )
- 20180727 : Democrat logic: Trump is a Putin puppet; therefore, Putin is trying to bug him ( Jul 27, 2018 , www.zerohedge.com )
- 20180727 : "Did You Ask Obama About His Private Meeting With Putin?", Mike Pompeo SILENCES Arrogant Dem Senator ( Jul 27, 2018 , www.zerohedge.com )
- 20180726 : The Wealthy Elitists Plan To Survive The Apocalypse And Leave Us Behind ( Jul 26, 2018 , www.zerohedge.com )
- 20180725 : Also, they will be buying vast amounts of LNG! ( Jul 25, 2018 , twitter.com )
- 20180725 : Is Bill Browder The Most Dangerous Man In The World ( Jul 25, 2018 , www.zerohedge.com )
- 20180725 : A Bear Market Is Coming -- This Is How Investors Can Prepare - TheStreet ( Jul 25, 2018 , www.thestreet.com )
- 20180725 : Risks are rising that oil prices will cause next recession by Tim Mullaney ( Jul 25, 2018 , finance.yahoo.com )
- 20180725 : Moon-Strzok No More, Lisa Page Spills The Beans ( Jul 24, 2018 , www.zerohedge.com )
- 20180725 : Making Shit Up - The US Intelligence Community As 'Collapse Driver' ( Jul 25, 2018 , www.zerohedge.com )
- 20180725 : Trump and Corporatism ( Jul 23, 2018 , mainlymacro.blogspot.com )
- 20180724 : Reader Coping Strategies for Engaging With Committed Liberals by Yves Smith ( Jul 24, 2018 , www.nakedcapitalism.com )
- 20180724 : Rosneft Sees Oil At $80 By Christmas OilPrice.com ( Jul 24, 2018 , oilprice.com )
- 20180724 : Demonizaion of Russia and Putin started in full force the day that Putin said "no more" to US mischief and moved into Syria. From there the coup in Ukraine was engineered in an attempt to neutralize the Black Sea fleet supporting Syria, which was based in Crimea. ( Jul 24, 2018 , www.zerohedge.com )
- 20180724 : Fusion GPS Had Major Doubts About Pee Tape Dossier Source, Included Anyway Zero Hedge ( Jul 24, 2018 , www.zerohedge.com )
- 20180724 : Trump May Revoke Security Clearance For Brennan, Clapper, Comey, McCabe, Rice ( Jul 23, 2018 , www.zerohedge.com )
- 20180724 : Bernie Sanders embraces the anti-Russia campaign by Patrick Martin ( Jul 23, 2018 , www.wsws.org )
- 20180724 : The think-tank topics and views tend to dominate discussions and steal the oxygen from outside ideas ( Oct 30, 2017 , www.nakedcapitalism.com )
- 20180724 : How think tanks sell war... ( Aug 18, 2017 , ronpaulinstitute.org )
- 20180724 : Trey Gowdy There's No Russia Collusion Evidence Or Adam Schiff Would Have Leaked It ( Jul 24, 2018 , www.zerohedge.com )
- 20180724 : CNN Leaks Confidential Trump-Cohen Recording ( Jul 24, 2018 , www.zerohedge.com )
- 20180724 : The Burden Of Proof Is On The 'Russiagaters' Zero Hedge ( Jul 24, 2018 , www.zerohedge.com )
- 20180724 : Bad ideas hang on forever like untouchable tumors ( Jul 24, 2018 , crookedtimber.org )
- 20180723* Doublethink and Newspeak Do We Have a Choice by Greg Guma ( Aug 21, 2017 , www.globalresearch.ca ) [Recommended]
- 20180723* The Prophecy of Orwell's 1984. Totalitarian Control and the Entertainment Culture that Takes Over by Edward Curtin ( Jul 20, 2018 , www.globalresearch.ca ) [Recommended]
- 20180723 : The Imperial Naivete Of The American Public ( Jul 23, 2018 , www.zerohedge.com )
- 20180723 : The Democratic Party's Pitch to Billionaires by Eric Zuesse ( Jul 23, 2018 , www.globalresearch.ca )
- 20180723 : The Enrightenment -- Crooked Timber ( Jul 23, 2018 , crookedtimber.org )
- 20180723* Chickens with Their Heads Cut Off, Coming Home to Roost. The "Treason Narrative" by Helen Buyniski ( Jul 23, 2018 , www.globalresearch.ca ) [Recommended]
- 20180723 : Neoliberalism has brought out the worst in us by Paul Verhaeghe ( Jul 23, 2018 , www.theguardian.com )
- 20180723 : Sick of this market-driven world You should be George Monbiot Opinion The Guardian ( Jul 23, 2018 , www.theguardian.com )
- 20180723 : Great Nations Are Destroyed By Being Pulled Into Wars To Defend Tiny Ones Zero Hedge ( Jul 22, 2018 , www.zerohedge.com )
- 20180723 : Clapper Obama Was Behind The Whole Thing ( Jul 23, 2018 , www.zerohedge.com )
- 20180723 : Neoliberalism has spawned a financial elite who hold governments to ransom by Deborah Orr ( Jun 08, 2013 , www.theguardian.com )
- 20180723 : Christianity was formed after Jesus was executed to protect the money lenders as a protest against debt slavery ( Jul 23, 2018 , www.moonofalabama.org )
- 20180723 : MK-DELTABURKE ( Jul 23, 2018 , www.unz.com )
- 20180723 : 'Perpetual War' Explained In 140 Seconds ( Jul 23, 2018 , www.zerohedge.com )
- 20180723 : Usage Examples of Our Intelligence Community, with Implications ( Jul 23, 2018 , www.nakedcapitalism.com )
- 20180722 : We Prefer Our Sociopaths Well Dressed and Spoken ( Jul 22, 2018 , www.zerohedge.com )
- 20180722 : Year end oil price projections vary about $70. $120 seems a bit high before 2019. ( Jul 22, 2018 , peakoilbarrel.com )
- 20180722 : Despite the huge gift of corporate tax cuts, the Wall Street is feeling a bit uneasy. ( Jul 22, 2018 , jessescrossroadscafe.blogspot.com )
- 20180722 : Truth Was Irrelevant WSJ Asks Was Brennan's Action The Real Treason ( Jul 21, 2018 , www.zerohedge.com )
- 20180722 : Finance capital, imperialism, and the world economy International Socialist Review ( Jul 22, 2018 , isreview.org )
- 20180722 : Bureaucracies, Markets, and the Loss of Municipal Citizenship ( Jul 22, 2018 , new-compass.net )
- 20180722 : America's Derangement Syndrome ( Jul 22, 2018 , www.zerohedge.com )
- 20180722 : Rosenstein unleashed the most awesome powers of a special counsel to investigate an allegation that the key FBI officials, driving the investigation for 10 months beforehand, did not think was "there." ( Jul 22, 2018 , www.zerohedge.com )
- 20180722 : How eerie and unsettling it can be when people change their minds by Corey Robin ( Jul 22, 2018 , crookedtimber.org )
- 20180722 : America's Derangement Syndrome A Danger To World Peace ( Jul 22, 2018 , www.zerohedge.com )
- 20180722 : Crooked Timber -- Out of the crooked timber of humanity, no straight thing was ever made ( Jul 22, 2018 , crookedtimber.org )
- 20180721 : Iron law of oligarchy sociological thesis ( Jul 21, 2018 , www.britannica.com )
- 20180721 : Solomon Climb Down From The Summit Of Hostile Propaganda Zero Hedge ( Jul 21, 2018 , www.zerohedge.com )
- 20180721 : Migrants, Pro-Globalization Leftists, and the Suffocating Middle Class by Outis Philalithopoulos ( Jul 20, 2018 , www.nakedcapitalism.com )
- 20180720 : The Day That Guccifer 2.0 Quit Hacking The DNC ( May 23, 2018 , www.zerohedge.com )
- 20180720 : Of course they don't that's why the imaginary oil glut was thought up. Let everyone else think its glut, it drops the price allows U.S. to buy more. Then deliberate increase inventory by buying more then claim inventory as a reason to drop the price? ( Jul 20, 2018 , www.zerohedge.com )
- 20180719 : Why Are Thousands of Teslas Sitting In a Field in California Zero Hedge ( Jul 19, 2018 , www.zerohedge.com )
- 20180719 : This is the end of classic neoliberalism, no question about it, and the collapse of neoliberal globalization is just one aspect of it ( Jul 19, 2018 , www.nakedcapitalism.com )
- 20180719 : Strzokgate is a documentary proof that key elements of the U.S. intelligence community were trying to short-circuit the US democratic process ( Jan 11, 2018 , www.unz.com )
- 20180719 : A Failing Nation by Dan Corjescu ( Jun 28, 2018 , www.counterpunch.org )
- 20180718 : Why I Hate Google, Twitter, and Facebook ( Jul 18, 2018 , www.nakedcapitalism.com )
- 20180718 : Major oil producers agreed Friday to a nominal increase in crude production of about 1 million barrels per day by Keith Johnson ( Jun 22, 2018 , foreignpolicy.com )
- 20180718 : The USA and Russia: Two Sides of the Same Neoliberal Coin ( Jul 18, 2018 , www.counterpunch.org )
- 20180718 : The only reason the fossil-fuel age has not ended, is inertia. We are at the beginning of the uranium age. ( Jul 18, 2018 , www.moonofalabama.org )
- 20180718 : Lunatic Politics (Part 1) - Russiagate Is A Religion ( Jul 18, 2018 , www.zerohedge.com )
- 20180718 : The US elite is not a monolith and Trump is part of a faction of the elite rather than a groomed puppet. I think two three factions have broken off and won power. These factions would be old US money, US nationalists and zionists with Iran derangement syndrome. ( Jul 18, 2018 , www.moonofalabama.org )
- 20180718 : Psychoanalysing NATO Gaslighting Zero Hedge ( Jul 18, 2018 , www.zerohedge.com )
- 20180718 : Fascism A Warning by Madeleine Albright ( Jul 18, 2018 , www.amazon.com )
- 20180718 : This two part, excellent documentary on Russia in the 90's is all about VVP and Major Russian Jewish Oligarch Boris Berezovsky ( Jul 18, 2018 , www.zerohedge.com )
- 20180718 : Fox News post Summit interview with Putin. ( Jul 18, 2018 , www.zerohedge.com )
- 20180718 : Browder was heavily involved in the looting. He is heavy in distributing anti-Russian propaganda in a heavily Jewish controlled media, and he was all in for Clinton. ( Jul 18, 2018 , www.zerohedge.com )
- 20180718 : Russia would like to ask a few questions to the US officials believed to have HELPED Browder funnel 400K to Clinton and probably avoid paying tax on 1.5 billion in Russia AND the US... ( Jul 18, 2018 , www.zerohedge.com )
- 20180718 : Putin certainly didn't pluck that lying idiot's name randomly ( Jul 18, 2018 , www.zerohedge.com )
- 20180718 : Pepe Escobar Russophobia Is A 24-7 Industry by Pepe Escobar ( Jul 17, 2018 , www.zerohedge.com )
- 20180718 : Crowdstrike brings up a couple of interesting questions. ( Jul 18, 2018 , www.nakedcapitalism.com )
- 20180718 : Trump needs to order a full intelligence agency review of Clapper's report ( Jul 18, 2018 , www.zerohedge.com )
- 20180718 : The West is actually engaged in killing its own ideals ( Jul 18, 2018 , www.moonofalabama.org )
- 20180718 : Everyone messes with everyone in their elections around the world. My first question is why is the media on both sides still pounding the American public with the Russia did it bullhorn. What exactly does Russia gain ? They're 9 times smaller than NATO. China has the most to gain. ( Jul 18, 2018 , www.zerohedge.com )
- 20180718 : A strong stench of a false flag operation ( Jul 18, 2018 , www.nakedcapitalism.com )
- 20180718 : Mish Mass Hysteria ( Jul 17, 2018 , www.zerohedge.com )
- 20180718 : Tomorrow, I am going to get in contact with Special Counsel Robert Mueller and tell him that I have found the real people behind the hacking of the 2016 US election and they aren't Russian they are Chinese! ( Jul 18, 2018 , www.nakedcapitalism.com )
- 20180718 : Has Mueller Caught the Hackers ( Jul 18, 2018 , www.nakedcapitalism.com )
- 20180718 : I can't even buy something from amazon with an account password Password . Yet Podesta can control the entire DNC without one security question? ( Jul 18, 2018 , www.zerohedge.com )
- 20180718 : No one has refuted what was exposed in the hacks ( Jul 18, 2018 , www.zerohedge.com )
- 20180718 : They call the hack the equivalent of the Cuban Missile crisis but no one in government has seen Hillary's server. ( Jul 18, 2018 , www.zerohedge.com )
- 20180718 : The puzzling thing is the double standard. ( Jul 18, 2018 , www.zerohedge.com )
- 20180718 : Parallel reality of the US MSM ( Jul 18, 2018 , www.zerohedge.com )
- 20180718 : Remember, the [neoliberal] Left was all OVER how we manipulated Russia into an Oligarchy: ( Jul 18, 2018 , www.zerohedge.com )
- 20180717 : Browder admitting Sergei Magnicky was not a lawyer. He was an accountant who was stealing money with shitbag Bill Browder. ( Jul 17, 2018 , www.zerohedge.com )
- 20180717 : Deep State agent Bill Browder operated at the very nexus of the US and UK Intelligence Communities that conspired to produce both the fake Russiagate and very real Spygate ( Jul 17, 2018 , www.zerohedge.com )
- 20180717 : Critical piece of Putin's statement: "Intelligence agents funneled" ( Jul 16, 2018 , www.zerohedge.com )
- 20180717 : FBI agents walk into DNC HQ and leave without the server...cause of Hillary you know that right. ( Jul 17, 2018 , www.zerohedge.com )
- 20180716 : The wife of Peter Strzok, Melissa Hodgman. Just so happens she was promoted to the role of director of the SEC at the same time the FBI was drafting the exoneration letter for the HRC. ( Jul 16, 2018 , www.zerohedge.com )
- 20180716 : Politicas around the "12 Russiand" whi leike 12 Spartens prevent Hillary corronation divedes media along partican lines again. ( Jul 16, 2018 , www.nakedcapitalism.com )
- 20180716 : Christopher Steele got "fired from the fbi," and isikoff, claiming he didn't do nuthin' "wrong," apparently got a book deal ( Jul 16, 2018 , www.nakedcapitalism.com )
- 20180716 : Does anyone else see how appropriate it is that a nation of yahoos gets their 'news', ahem, misinformation, from from a source so aptly named? ( Jul 16, 2018 , www.nakedcapitalism.com )
- 20180716* Five Things That Would Make The CIA-CNN Russia Narrative More Believable ( Jul 15, 2018 , www.zerohedge.com ) [Recommended]
- 20180716 : 2019 is going to be quite interesting and the events might start at the end of 2018 ( Jun 20, 2018 , peakoilbarrel.com )
- 20180716 : US total (oil + products) inventories made a new low (from the high February 2017) ( Jul 16, 2018 , peakoilbarrel.com )
- 20180716 : The West Is Past ( Jun 10, 2018 , www.moonofalabama.org )
- 20180716 : Donald Trump s Trade Wars Could Lead to the Next Great Depression by Nomi Prins ( Jun 22, 2018 , thenation.com )
- 20180716 : Trump Is Right - NATO Is Obsolete, and if Europe Wants to Fight Imaginary Enemies, It Should Pay Its Own Way ( Jul 16, 2018 , russia-insider.com )
- 20180716 : What Will Kill Neoliberalism ( Jul 06, 2018 , thenation.com )
- 20180716* Why the Media is Desperate to Reclaim its Gatekeeper Status for News Zero Hedge Zero Hedge ( Jul 16, 2018 , www.zerohedge.com ) [Recommended]
- 20180715 : A New World Order: Brought to You by the Global-Industrial Deep State by John W. Whitehead ( Jul 12, 2018 , www.counterpunch.org )
- 20180715 : Global Energy Dominance is now part of the US National security Strategy ( Jul 15, 2018 , www.moonofalabama.org )
- 20180715 : If history is any precedent, empires without economic foundations, sooner or later crumble, especially when rising regional powers are capable of replacing them. ( Jul 15, 2018 , www.unz.com )
- 20180715 : JPM raised its forecast for Brent crude to average $70/bbl in both 2018 and 2019, up from an earlier forecast of $65 in 2018 and $60 in 2019 ( Jul 15, 2018 , seekingalpha.com )
- 20180715 : Election promises are always face in a neoliberal empire. They are always elements of bait and switch game with electorate ( Jul 15, 2018 , www.unz.com )
- 20180715 : Donald Trump told Theresa May how to do Brexit 'but she wrecked it' and says the US trade deal is off ( Jul 15, 2018 , thesun.co.uk )
- 20180715 : Rod Rosenstein Impeachment Plans Drawn Up Report ( Jul 14, 2018 , www.zerohedge.com )
- 20180714 : McMaken The Military Is A Jobs Program... For Immigrants Many Others ( Jul 14, 2018 , www.zerohedge.com )
- 20180714 : Today orange fatty called out Germany for being captive to Russia. ( Jul 14, 2018 , peakoilbarrel.com )
- 20180714 : If the Bakken was to get and hold 1.4 million barrels a day the would need to complete around 1500 wells per year ( Jul 14, 2018 , peakoilbarrel.com )
- 20180714 : The only true measurement of market balance for oil going forward is global inventory level. Everything else is perhaps manipulation or guesses. ( Jul 14, 2018 , peakoilbarrel.com )
- 20180714 : "Exxon has been pledg ing to pro duce more oil and gas for years, but its out put of about four mil lion bar rels a day is no higher to day than it was af ter its merger with Mobil Corp. in 1999 ( Jul 14, 2018 , peakoilbarrel.com )
- 20180714 : EIA optimism is politically motivated ( Jul 14, 2018 , peakoilbarrel.com )
- 20180714 : EIA actually acknowledge these constraints, and admit they may be overstimating production, without saying by how much. ( Jul 14, 2018 , peakoilbarrel.com )
- 20180714 : A New Problem Emerges For Tesla ( Jul 14, 2018 , www.zerohedge.com )
- 20180714 : Cost of Tesla repars ( Jul 14, 2018 , www.zerohedge.com )
- 20180714 : Beyond Money ( Jul 14, 2018 , beyondmoney.net )
- 20180714 : The energy cliff approaches: World Oil Gas Discoveries Continue To Decline ( Jul 14, 2018 , www.zerohedge.com )
- 20180714 : As the Yield Curve Flattens, Threatens to Invert, the Fed Discards it as Recession Indicator naked capitalism ( Jul 14, 2018 , www.nakedcapitalism.com )
- 20180714 : JPMorgan On The Risk Of Military Conflict With China by Michael Cembalest ( Jul 14, 2018 , www.zerohedge.com )
- 20180713 : Godfather Of Payday Lending Stripped Of $64 Million, Sentenced To 14 Years ( Jul 10, 2018 , www.zerohedge.com )
- 20180713 : Trump, like the innocent child in the tale of the naked emperor, has stated the obvious truth that the elite and the experts have refused steadfastly for years to publicly acknowledge. Way to go Trump. You hit a home run. ( Jul 13, 2018 , www.moonofalabama.org )
- 20180713 : Trump's False Arguments about Russian gas will not sell well in Europe ( Jul 13, 2018 , www.moonofalabama.org )
- 20180713 : America the Loser by J. Bradford DeLong ( Jul 13, 2018 , www.project-syndicate.org )
- 20180713 : Confronting the Global Power Elite Global Research by Thomas H. Greco, Jr. ( Jul 13, 2018 , www.globalresearch.ca )
- 20180712 : Are The Russia-Gate Fanatics Crazy, Or Just Cynical by Justin Raimondo ( Jul 12, 2018 , www.zerohedge.com )
- 20180711 : Tesla Whistleblower Accuses Musk Of Overstating Model 3 Production Figures ( Jul 11, 2018 , www.zerohedge.com )
- 20180711 : Trump Slams NATO Pay 2 percent Of GDP IMMEDIATELY Or Even 4 percent ( Jan 11, 2018 , www.zerohedge.com )
- 20180711 : Another doom and gloom article from ZH, but this is 10th year of expantion after 2008 crash, so people should be alert to the possibility of yet another crash anyway ( Jul 11, 2018 , www.zerohedge.com )
- 20180710 : We estimate that every million b/d shift in [supply and demand] balances would push the oil price by $17/bbl on average. ( Jul 10, 2018 , oilprice.com )
- 20180710 : MoA - BREXIT - Still Not Gonna Happen ( Jul 10, 2018 , www.moonofalabama.org )
- 20180709 : THE ENERGY CLIFF APPROACHES World Oil Gas Discoveries Continue To Decline Zero Hedge Zero Hedge ( Jul 09, 2018 , www.zerohedge.com )
- 20180709 : A Bear Market Is Coming -- This Is How Investors Can Prepare - TheStreet ( Jul 09, 2018 , www.thestreet.com )
- 20180709 : We Are Headed For The Status Of A Colony Boris Johnson's Full Resignation Letter Zero Hedge ( Jul 09, 2018 , www.zerohedge.com )
- 20180709 : 'Pay Up You NATO Deadbeats or Else!' by Eric Margolis ( Jul 07, 2018 , www.unz.com )
- 20180709 : Why Was Malaysian Airlines Flight MH17 Shot Down, by Kees van der Pijl ( Jul 09, 2018 , www.unz.com )
- 20180709 : As the Yield Curve Flattens, Threatens to Invert, the Fed Discards it as Recession Indicator ( Jul 09, 2018 , www.nakedcapitalism.com )
- 20180709 : Some feelings toward Wall Street ( Jul 09, 2018 , www.unz.com )
- 20180709 : Jul 1, 2018 - Sell! by Carlton Meyer ( Jul 09, 2018 , www.g2mil.com )
- 20180709 : Harvard Professors Expose 'The Real Problem With Stock Buybacks' Zero Hedge ( Jul 08, 2018 , www.zerohedge.com )
- 20180709 : Chinese Refiner Halts US Oil Purchases, May Use Iran Oil Instead ( Jul 08, 2018 , www.zerohedge.com )
- 20180709 : Leaked Chinese Memo Warns Of Thucydides Trap ( Jul 07, 2018 , www.zerohedge.com )
- 20180709 : China will never be able to initiate a land invasion against the Western Hemisphere ( Jul 09, 2018 , www.zerohedge.com )
- 20180709 : The crisis of neoliberalism morphed into deep crisis of the US society ( Jul 09, 2018 , www.unz.com )
- 20180708 : Europe Isolates China Trade Cheat naked capitalism ( Jul 08, 2018 , www.nakedcapitalism.com )
- 20180708 : francis scott ( Jul 08, 2018 , www.zerohedge.com )
- 20180708 : How The United Kingdom Became A Police State ( Jul 08, 2018 , www.zerohedge.com )
- 20180708 : Correctly Defining Modern Zionism by Brett Redmayne-Titley ( Jul 08, 2018 , www.unz.com )
- 20180706 : Saudi amount on infill drilling almost guarantee a sharp decline ( Jul 06, 2018 , peakoilbarrel.com )
- 20180706 : A field is creamed by massive infill drilling with horizontal wells that skim the very top of the reservoir. The decline rate is the[n] drastically reduced while the depletion rate is drastically increased. ( Jul 06, 2018 , peakoilbarrel.com )
- 20180706 : The possibility of Seneca cliff in oil production ( Jul 06, 2018 , peakoilbarrel.com )
- 20180706 : I frankly do not think that communism requires redemption. ( Jul 06, 2018 , www.unz.com )
- 20180706 : Capitalism doesn't induce psychopathy, but it has tendency to select psychopaths for higher levels of hierarchy ( Jul 06, 2018 , www.nakedcapitalism.com )
- 20180706 : Neoliberalism and reality ( Jul 06, 2018 , www.nytimes.com )
- 20180706 : Tax cut as recapitalization ( Jul 06, 2018 , www.nytimes.com )
- 20180706 : Most economic claims by the hardcore neoliberals from Republican Party appear to be simply boneheaded assertions ( Jul 06, 2018 , www.nytimes.com )
- 20180706 : Their message isn't really Make America Great Again (MAGA) it is really Make America Hurt (Muh) ( Jul 06, 2018 , www.nytimes.com )
- 20180706 : The possibility of Seneca cliff: Russia is certainly being creamed. The massive infill is visible from satellites and they haven't found/opened anything new of size ( Jul 06, 2018 , peakoilbarrel.com )
- 20180706 : Seneca cliff in shale oil may be closer that we think ( Jul 06, 2018 , peakoilbarrel.com )
- 20180706 : While Saudi Aramco CEO Amin Nasser told Platts recently that "maximum sustainable production" was 12 million b/d, industry experts believe Saudi Arabia will struggle to pump more than 1 million b/d of additional output. ( Jul 06, 2018 , peakoilbarrel.com )
- 20180706 : The Aramco IPO may never happen. ( Jul 06, 2018 , peakoilbarrel.com )
- 20180706 : Iran Threatens To Close the Strait of Hormuz naked capitalism ( Jul 06, 2018 , www.nakedcapitalism.com )
- 20180706 : Trump magic: a couple more contra-interventions for lowering oil price on his part and we'll see $150 by Xmas. ( Jul 06, 2018 , peakoilbarrel.com )
- 20180706 : Ming Li paper ( Jul 06, 2018 , peakoilbarrel.com )
- 20180706 : P>ersonal debt has again reached levels like those in 2008. ( Jul 06, 2018 , www.nytimes.com )
- 20180706 : First thought was that's what political party elites use to keep their base from changing their party elites policies: 'alarm' the base about the horribleness of the 'other side', rally the base to 'resist' any actions by 'the other side' (while not changing course and not offering policies the base wants/needs), and finally, 'exhaust' the base with resistance movements designed not to succeed politically but to exhaust the base so they'll 'adapt' to whatever the party elites dictate as policy ( Jul 06, 2018 , www.nakedcapitalism.com )
- 20180706 : A Democrat Party composed of moderate Republicans and democratic socialists will be divided against itself and will not stand ( Jul 06, 2018 , www.nakedcapitalism.com )
- 20180706 : The IMF is back in Argentina an economic and social crisis, even more serious than the present one, looms large on the horizon by Eric Toussaint , Sergio Ferrari ( Jun 27, 2018 , www.defenddemocracy.press )
- 20180705 : George Orwell on the power of self-deception ( Jul 05, 2018 , www.zerohedge.com )
- 20180705 : Iran Warns Trump's Oil Ban Is 'Self Harm' ( Jul 05, 2018 , news.antiwar.com )
- 20180705 : We are an empire now ( Jul 05, 2018 , consortiumnews.com )
- 20180705 : The Birth of Predatory Capitalism by Umair ( Jul 05, 2018 , eand.co )
- 20180705 : Some skeptical ( Jul 05, 2018 , consortiumnews.com )
- 20180705 : Facebook Algorithm Flags The Declaration Of Independence As Hate Speech ( Jul 05, 2018 , www.zerohedge.com )
- 20180704 : World Energy 2018-2050 World Energy Annual Report (Part 1) " Peak Oil Barrel ( Jul 04, 2018 , peakoilbarrel.com )
- 20180704 : It is dangerous to let the public behind the scenes ( Jul 04, 2018 , www.zerohedge.com )
- 20180704 : Dollar Hegemony ( Jul 04, 2018 , www.henryckliu.com )
- 20180704 : Stabilizing an Unstable Economy by Hyman P. Minsky ( Jul 04, 2018 , www.amazon.com )
- 20180704 : Why Minsky Matters An Introduction to the Work of a Maverick Economist L. Wray 9780691178400 Amazon.com Books ( www.theatlantic.com )
- 20180704 : Imran Awan and voting ( Jul 04, 2018 , www.zerohedge.com )
- 20180704 : Pathology of Debt ( Jul 04, 2018 , www.henryckliu.com )
- 20180704 : Imran Awan Gets Sweetheart Plea Deal; DOJ Won't Prosecute Alleged Spy Ring, Cybercrimes Zero Hedge ( Jul 04, 2018 , www.zerohedge.com )
- 20180704 : Just another day in bizarro world. ( Jul 04, 2018 , www.zerohedge.com )
- 20180703 : The squealing and consternation coming from the UK indicates that the empire changed course as for neoliberal globalization, and the UK is left out ( Jul 03, 2018 , www.moonofalabama.org )
- 20180703 : Tesla calculations: 5000 a week is 250,000 units a year. There are only 6 models in North America that sell more then 250K units a year. ( Jul 03, 2018 , www.zerohedge.com )
- 20180703 : I have owned a Model 3 for 3 months.. you can ask me any question if you want... but my perspective ( Jul 03, 2018 , www.zerohedge.com )
- 20180703* When you see some really successful financial speculator like Soros or (or much smaller scale) Browder , search for links with intelligence services to explain the success or at least a part of it related to xUSSR space , LA and similar regions ( Jul 03, 2018 , www.moonofalabama.org ) [Recommended]
- 20180703 : Clearly the reason for the Trump-Putin summit should be obvious to all by now ( Jul 03, 2018 , www.moonofalabama.org )
- 20180628 : Oil will never be above $44 WTI in my lifetime. ( Jun 28, 2018 , peakoilbarrel.com )
- 20180628 : Well, Iran sanctions explains why oil prices are up right now. ( Jun 28, 2018 , peakoilbarrel.com )
- 20180628 : Driving a bit less is maybe a good thing, pensioners and children freezing to death and industry shut down with rolling blackouts is maybe less negotiable. ( Jun 28, 2018 , peakoilbarrel.com )
- 20180628 : Koch Money and the Unflappable Economist naked capitalism ( Jun 27, 2018 , www.nakedcapitalism.com )
- 20180628 : Paul Craig Roberts How Long Can The Federal Reserve Stave Off The Inevitable by Paul Craig Roberts ( Jun 28, 2018 , www.zerohedge.com )
- 20180627 : DOJ Won't Release Top Secret Loretta Lynch Intercepts Suggesting Secret Deal To Rig Clinton Probe ( Jun 26, 2018 , www.zerohedge.com )
- 20180627 : jilles dykstra ( Jun 27, 2018 , www.unz.com )
- 20180627 : Iranian condensate will most likely replace US condensate to China as much as possible. ( Jun 27, 2018 , peakoilbarrel.com )
- 20180627 : Yes to higher oil prices. There are too many negative things all starting at the same time: trade tariffs, interest rates rising, sanctions ( Jun 27, 2018 , peakoilbarrel.com )
- 20180627 : 2015-17 took a lot of the fun out of oil production investment for me. None of us have much desire to do any drilling or other risk taking. Just feeling relief, but worried the roller coaster prices will never end. ( Jun 27, 2018 , peakoilbarrel.com )
- 20180627 : Are we close to plato oil situation, when all efforts to raise production fail? ( Jun 27, 2018 , peakoilbarrel.com )
- 20180627 : GoM First Quarter 2018, Production Summary " Peak Oil Barrel ( Jun 27, 2018 , peakoilbarrel.com )
- 20180627 : Bloomberg cheerleading: U.S. oil production is booming at record levels, and U.S. oil exports have also reached new highs -- 3 million barrels a day in the last week. OK, but the US exported 3 million barrels per day and imported 8.4 million barrels per day ( Jun 27, 2018 , peakoilbarrel.com )
- 20180627 : EIA numbers and reality ( Jun 27, 2018 , peakoilbarrel.com )
- 20180627 : Pelosi Pissed As Liberal Media Loves Socialist Millennial Who Beat Democratic Leader ( Jun 27, 2018 , www.zerohedge.com )
- 20180627 : How Cynical Is the Democratic Party's Support for Identity Politics (Plus a Note on the Ocasio-Crowley Contest) ( Jun 26, 2018 , www.nakedcapitalism.com )
- 20180627 : Earthquake in the Bronx Ocasio-Cortez Beat 14 Term Establishment Dem Crowley in Primary naked capitalism ( Jun 27, 2018 , www.nakedcapitalism.com )
- 20180626 : There will be no increase in the amount of oil produced by OPEC this year ( Jun 26, 2018 , www.moonofalabama.org )
- 20180626 : Neoliberal elites now are morally culturally bankrupt and serve outmoded gods whose future is annihilation- similar situation that had befallen pompous deluded aristocrats in the 18th-19th ( Jun 26, 2018 , www.unz.com )
- 20180625 : The review of A Brief History of Neoliberalism by David Harvey by Michael J. Thompson ( Jun 25, 2018 , rebels-library.org )
- 20180625* The review of A Brief History of Neoliberalism by David Harvey by Michael J. Thompson ( Jun 25, 2018 , rebels-library.org ) [Recommended]
- 20180624 : And Just Like That... The Mueller Investigation Was Over ( Jun 24, 2018 , www.zerohedge.com )
- 20180624 : Meet Mystery FBI Agent 5 Who Sent Anti-Trump Texts While On Clinton Taint Team Zero Hedge ( Jun 24, 2018 , www.zerohedge.com )
- 20180624 : Was the Marketplace of Ideas Politically Hijacked - ( Jun 24, 2018 , promarket.org )
- 20180623 : Comey And Lynch Will Be Subpoenaed By Senate Unless Feinstein Obstructs ( Jun 23, 2018 , www.zerohedge.com )
- 20180622 : Mexico Readies for Revolt Against Neoliberalism ( Jun 22, 2018 , www.theamericanconservative.com )
- 20180621 : Mexican Business Elite, US Government, Brace for Likely Win by Leftist Obrador as Mexico's President by Yves Smith ( Jun 21, 2018 , www.nakedcapitalism.com )
- 20180621* The neoliberal agenda is agreed and enacted by BOTH parties: ( Jun 21, 2018 , www.moonofalabama.org ) [Recommended]
- 20180621 : Football is a simple game. Twenty-two men chase a ball around a field for 90 minutes and at the end, the Germans always win ( Jun 21, 2018 , www.nakedcapitalism.com )
- 20180621 : The obsesstion of the British establishment's paranoia about Russia might be explained that the British soccer team no longer has Sergey Skripal as the main asset ( Jun 21, 2018 , www.zerohedge.com )
- 20180621 : To be more precise, after some reflection, what I fear is more stagflation. A rare historic incidence which combines inflation with negative economic growth. ( Jun 15, 2018 , peakoilbarrel.com )
- 20180621 : Increases in the US shale production are limited by available transport ( Jun 21, 2018 , peakoilbarrel.com )
- 20180621 : Spare capacity of Saudis might be just oil in storage as they can't increase production much without adverse affects ( Jun 14, 2018 , peakoilbarrel.com )
- 20180621 : China's Oil Trade Retaliation Is Iran's Gain by Tom Luongo ( Jun 21, 2018 , www.zerohedge.com )
- 20180621 : There is a narrative that oil demand will soon begin dropping due to widespread use of EV. ( Jun 21, 2018 , peakoilbarrel.com )
- 20180621 : Strange consumption growth in Eastern Europe ( Jun 21, 2018 , peakoilbarrel.com )
- 20180621 : The idea behind peak demand fallacy is simply that oil supply may at some point become relatively abundant relative to demand in the future (date unknown). ( Jun 21, 2018 , peakoilbarrel.com )
- 20180621 : I can imagine OPEC/Russia want a somewhat controlled price increase to let us guess 90-100 dollars before the low demand season kicks in 1H2019 ( Jun 21, 2018 , peakoilbarrel.com )
- 20180621 : Why OPEC Isn't Going To Give Up On High Oil Prices That Easily ( Jun 21, 2018 , www.zerohedge.com )
- 20180621 : Libya's Es Sider oil port was shut on Thursday due to armed clashes ( Jun 21, 2018 , peakoilbarrel.com )
- 20180621 : Older wells are declining at about 8% per year ( Jun 21, 2018 , peakoilbarrel.com )
- 20180621 : Norwegian production is down ( Jun 21, 2018 , peakoilbarrel.com )
- 20180621 : Personally I think all the conventional oil in the ground will eventually be used, it's just too useful. It's just a matter of how long it takes. It would be better if it was used for chemicals and something else used for fuel ( Jun 21, 2018 , peakoilbarrel.com )
- 20180621 : BP's Proven Reserves tab, historical says some interesting things ( Jun 21, 2018 , peakoilbarrel.com )
- 20180621 : What? Me worry? Rystadt says US has 79 more years of oil still available. ( Jun 21, 2018 , peakoilbarrel.com )
- 20180621 : IEA monthly oil market report for June is out ( Jun 13, 2018 , peakoilbarrel.com )
- 20180621 : Some Notes on Trump s Trade War Threat by Yves Smith ( Jun 21, 2018 , www.nakedcapitalism.com )
- 20180620 : Best Russian oil is going to china; Europe gets only whatg is left ( Jun 20, 2018 , peakoilbarrel.com )
- 20180620 : The only four countries that have any ability to increase production -- Russia, Saudis, UAE and Kuwait ( Jun 20, 2018 , peakoilbarrel.com )
- 20180620 : Consumption of oil continues to grow in 2018 ( Jun 20, 2018 , peakoilbarrel.com )
- 20180620 : Ho>w long it might take for US steel mills to make the type of pipes that are now being imported. ( Jun 20, 2018 , peakoilbarrel.com )
- 20180620 : So far in June, the outlook for Venezuelan production is grimmer. ( Jun 20, 2018 , peakoilbarrel.com )
- 20180620 : Excellent write-up on peak oil supply ( Jun 20, 2018 , crudeoilpeak.info )
- 20180620 : it seems the physical market is getting tighter again and that the export flood may have something to do with the meeting. Or it could be that reduced exports from Iran, Venezuela and Libya are starting to impact the market. ( Jun 20, 2018 , peakoilbarrel.com )
- 20180620 : Pollyanna (sorry EIA) speaks ( Jun 20, 2018 , peakoilbarrel.com )
- 20180620 : FBI Agent Strzok Was Escorted Out Of FBI Building ( Jun 20, 2018 , www.zerohedge.com )
- 20180619* How The Last Superpower Was Unchained by Tom Engelhardt ( Jun 19, 2018 , www.zerohedge.com ) [Recommended]
- 20180619 : Study Confirms Most Psychopaths Live in Washington DC by Joe Jarvis ( Jun 19, 2018 , www.zerohedge.com )
- 20180618 : Second FBI Informant Tried To Entrap Trump Campaign With $2 Million Offer For Hillary Dirt Roger Stone ( Jun 18, 2018 , www.zerohedge.com )
- 20180618 : Obama had two groups to satisfy, the populace and the elite. The populace got empty words, the elite got what they wanted. ( Jun 18, 2018 , www.nakedcapitalism.com )
- 20180617 : Is Anti-War Fever Building in the US by Gaius Publius ( Jun 17, 2018 , www.nakedcapitalism.com )
- 20180617* The Necessity of a Trump-Putin Summit by Stephen F. Cohen ( Jun 06, 2018 , www.thenation.com ) [Recommended]
- 20180617 : Mr. Trump Attacks Aluminum, Russia Attacks The Debt by Tom Luongo ( Jun 17, 2018 , www.zerohedge.com )
- 20180617 : Nomi Prins: The Central Banking Heist That Put The World At Risk by Liam Halligan ( Jun 17, 2018 , www.zerohedge.com )
- 20180617* Neoliberalism as socialism for the banks ( Jun 17, 2018 , www.moonofalabama.org ) [Recommended]
- 20180617 : HARPER HAPPY ANNIVERSARY GLASS STEAGALL--WE MISS YOU, COME BACK ( Jun 17, 2018 , turcopolier.typepad.com )
- 20180617 : We Had Whistleblowers Nunes Reveals Good FBI Agents Tipped Off Congress About Comey Team ( Jun 17, 2018 , www.zerohedge.com )
- 20180616 : Neither party serves the people. Both parties serve only themselves. They have morphed into two sides of the same neoliberal coin. ( Jun 16, 2018 , www.zerohedge.com )
- 20180616 : There's Fking No One Else; DNC Strategist Laments Over Broken Party; Bill Clinton Toxic, Carter Too Old Zero Hedge ( Jun 16, 2018 , www.zerohedge.com )
- 20180616 : The hysterical US foreign policy in the last 10-15 years, with its mindless suicidal aggressiveness, is in fact death throes of an Empire that resents going down the drain ( Jun 16, 2018 , www.unz.com )
- 20180616 : I noticed the DNC created a tiny plaque above a crappy bike rack for him ( Jun 16, 2018 , www.zerohedge.com )
- 20180615 : Libyan Oil Exports Impaired as Some in OPEC Seek More Supply ( Jun 15, 2018 , www.msn.com )
- 20180615 : Libya Halts Sharara Oil Loadings as Biggest Field Shuts Down - Bloomberg ( Jun 15, 2018 , www.bloomberg.com )
- 20180615 : President Barack Obama gave Mueller original ten-year term a two-year extension, making him the longest-serving FBI director since J. Edgar Hoover ." ( Jun 15, 2018 , www.zerohedge.com )
- 20180615 : Tulsi Gabbard might be a viable candidate ( Jun 15, 2018 , www.zerohedge.com )
- 20180615 : Ralph Peters as one of the nuttiest neocons around. But as far as Jews are concerned, this appears to be yet another red herring, like Russia-bashing. Are gentile Koch brothers or Walton family any better than the worst Jews in the US? They are just as selfish, greedy, and repulsive as George Soros or Sheldon Adelson ( Jun 15, 2018 , www.g2mil.com )
- 20180615 : The future is bright for Neoliberal Democrats. ( Jun 15, 2018 , www.zerohedge.com )
- 20180615 : I'm ready ( Jun 15, 2018 , www.zerohedge.com )
- 20180615 : And guess who did that redacting? Oh, that would be one Rod Rosenstein. ( Jun 15, 2018 , www.zerohedge.com )
- 20180614 : Turley Comey Can No Longer Hide Destruction Caused At FBI ( Jun 14, 2018 , www.zerohedge.com )
- 20180614 : A Closer Look At Extreme FBI Bias Revealed In OIG Report ( Jun 14, 2018 , www.zerohedge.com )
- 20180614 : The OIG Report Drops Tomorrow On Trump's Birthday; Here's What To Expect Zero Hedge ( Jun 14, 2018 , www.zerohedge.com )
- 20180614 : Yeeeeah right. ( Jun 14, 2018 , www.zerohedge.com )
- 20180613 : The Roots of Argentina's Surprise Crisis ( Jun 13, 2018 , www.nakedcapitalism.com )
- 20180613 : Predatory Gambling in the USA ( Jun 13, 2018 , www.counterpunch.org )
- 20180613* Sanction Trump not Bourbon ( Jun 10, 2018 , angrybearblog.com ) [Recommended]
- 20180613 : If Only We'd Listened To Ike... - Inside The Deep State ( Jun 13, 2018 , www.zerohedge.com )
- 20180613 : NEO - Jacksonian Trump and the Root of Global Evil by Gordon Duff ( June 6, 2018 , journal-neo.org )
- 20180613 : Mueller Scrambles To Limit Evidence After Indicted Russians Actually Show Up In Court Zero Hedge ( Jun 13, 2018 , www.zerohedge.com )
- 20180613 : The trial was postponed because the defendant planed to show up to his own trial ( Jun 13, 2018 , www.zerohedge.com )
- 20180613 : Save on past CIA directors at Amazon.com. You can buy anyone in government ( Jun 13, 2018 , www.zerohedge.com )
- 20180613 : Downright Chilling Rosenstein Threatened To Subpoena Congressmen In Closed-Door Meeting Zero Hedge ( Jun 13, 2018 , www.zerohedge.com )
- 20180612 : With Trump-Kim Summit Hours Away, Iran Has Warning For North Korea Zero Hedge ( Jun 12, 2018 , www.zerohedge.com )
- 20180612 : It is the heads of the largest funds and money managers who work together like sharks on the body politic. Some are Jews, but far more are not. Greed knows no religion, no country, no creed or color ( Jun 11, 2018 , www.zerohedge.com )
- 20180612 : An article about the Krugman tweets ( Jun 12, 2018 , crooksandliars.com )
- 20180612 : Jared Kushner didn't disclose his business ties with George Soros, Peter Thiel, and Goldman Sachs, or that he owes $1 billion in loans, The Wall Street Journal reported on Tuesday. ( Jun 12, 2018 , www.zerohedge.com )
- 20180610 : It might well be that among the skilles to gain entrance in the Ivy colleges one is the acceptance of neoliberal ideology. Stray too far from the Clinton/Bush/Obama's neoliberalism and identity politics and your application goes into the garbage can and with it your chance of joining our governing elite ( Jun 10, 2018 , www.unz.com )
- 20180610 : The Battle for Money Has Begun naked capitalism ( Jun 10, 2018 , www.nakedcapitalism.com )
- 20180610 : Hiding the Real Number of Unemployed by Pete Dolack ( Jun 08, 2018 , www.counterpunch.org )
- 20180610 : Trump At G-7 Closing Remarks We're The Piggy Bank That Everybody's Robbing ( Jun 10, 2018 , www.zerohedge.com )
- 20180610* Trump and National Neoliberalism by Sasha Breger Bush ( Dec 24, 2016 , www.commondreams.org ) [Recommended]
- 20180610* Trump and National Neoliberalism, Revisited by Sasha Breger Bush ( Jun 10, 2018 , www.dollarsandsense.org ) [Recommended]
- 20180610 : One reason to vote for Trump in 2020 ( Jun 10, 2018 , www.zerohedge.com )
- 20180609 : AP Exaggerates Social Security Problems by Barkley Rosser ( Jun 08, 2018 , angrybearblog.com )
- 20180609 : Shale Is a Debt-Fueled Mirage, and We re Running Out of Energy - Forget Your Flying Teslas by James Howard Kunstler ( Jun 09, 2018 , russia-insider.com )
- 20180609 : Posed to Default ( Jun 09, 2018 , jessescrossroadscafe.blogspot.com )
- 20180609 : The Spillover Effects of Rising U.S. Interest Rates by Joseph Joyce ( Jun 06, 2018 , angrybearblog.com )
- 20180607 : DOJ Watchdog Finds Comey Defied Authority And Was Insubordinate Zero Hedge ( Jun 06, 2018 , www.zerohedge.com )
- 20180606* Neoliberal language allows powerful groups to package their personal preferences as national interests systematically cutting spending on their enemies and giving money to their friends ( Jun 06, 2018 , discussion.theguardian.com ) [Recommended]
- 20180606 : The Privilege of an Education ( Jun 06, 2018 , newrepublic.com )
- 20180606 : Under the immense pressure of the Gatsby Curve, American democracy was on the ropes. The people in charge were the people with the money. Ultimately, what the moneymen of the 1920s wanted is what moneymen always want. And their servants delivered. The Calvin Coolidge administration passed a huge tax cut in 1926, making sure that everyone could go home with his winnings. The rich seemed to think they had nothing else to worry about -- until October 1929. ( Jun 06, 2018 , www.theatlantic.com )
- 20180606 : Despite the fact that Trump folded, for the foreseeable future the Neocons will continue to focus their energy on trying to impeach Trump by the Saker ( Sep 20, 2017 , www.unz.com )
- 20180606 : Neoliberal Economics has a lot of similarities with Theology ( Jun 06, 2018 , discussion.theguardian.com )
- 20180606 : PossumBilly ( Jun 06, 2018 , profile.theguardian.com )
- 20180606 : And everyone knows that the "trickle down" effect does not work but don't let this truth stand in the way of the neoliberals stampeding to the trough ( Jun 06, 2018 , discussion.theguardian.com )
- 20180606 : Seven signs of the neoliberal apocalypse Page 3 of 10 Discussion The Guardian ( Jun 06, 2018 , www.theguardian.com )
- 20180606 : Is fascism a logical next stage of the collapse of neoliberalism, like hapened in Waimar before? ( Jun 06, 2018 , www.theguardian.com )
- 20180606 : The divisive societal aspects of free market fundamentalism ( Jun 06, 2018 , profile.theguardian.com )
- 20180606 : Stigmatization of poor as the way to justify and increase inequality ( Jun 06, 2018 , discussion.theguardian.com )
- 20180606 : Victim blaming is a classic neo-con tactic, they seek to deflect from the impact of their heartless policies by demonising the victims, from the unemployed and those stuck in the welfare cycle to refugees trapped in offshore detention, indefinitely . ( Jun 06, 2018 , discussion.theguardian.com )
- 20180606 : Neoliberalism idealises competition against each other to ensure the rights of the few, by suppressing our capacity to take responsibility together through cooperation and collaboration with each other. ( Jun 06, 2018 , discussion.theguardian.com )
- 20180606 : The neoliberal mantra that "markets are always right" is just rubbish. ( Jun 06, 2018 , discussion.theguardian.com )
- 20180606 : Privatization as a "big con" ( Jun 06, 2018 , discussion.theguardian.com )
- 20180606 : Inverted totalitarism described by a Guardia commenter ( Jun 06, 2018 , discussion.theguardian.com )
- 20180606 : The magic of Neoliberalism is to transform acts that should be illegal into legal ones ( Jun 06, 2018 , discussion.theguardian.com )
- 20180606 : Nationalism is a decision-making tool as it always poses a question; what is good for this country ? ( Jun 06, 2018 , discussion.theguardian.com )
- 20180605 : Jim Chanos on Fraud "Cryptocurrency Is a Security Speculation Game Masquerading as a Technological Breakthrough" naked capit ( Jun 05, 2018 , www.nakedcapitalism.com )
- 20180605 : The USA fear about Russia and the EU member states seems to be twofold: (1) more trade with Russia makes subjugation of Russia impossible; (2) more trade with Russia, and the railway connections with China, threaten to turn the USA into an economic backwater ( Jun 05, 2018 , www.unz.com )
- 20180605 : In Heated Interview, Putin Says Ask The State Department About Soros ( Jun 05, 2018 , www.zerohedge.com )
- 20180605 : Some people think that they are prisoners of neoliberal democracy. ( Jun 05, 2018 , www.theamericanconservative.com )
- 20180605 : Italy experiences the same results of neoliberalization as the USA including deindustrialization and high unemployment ( Jun 05, 2018 , www.unz.com )
- 20180605 : Italy The Center Cannot Hold, by Diana Johnstone ( Jun 05, 2018 , www.unz.com )
- 20180605 : Seven signs of the neoliberal apocalypse Van Badham Opinion The Guardian ( Jun 05, 2018 , www.theguardian.com )
- 20180605 : Tim Winton on class and neoliberalism 'We're not citizens but economic players' Books The Guardian ( Jun 05, 2018 , www.theguardian.com )
- 20180605 : Is Democracy to Blame for Our Present Crisis by Alexander William Salter ( Jun 05, 2018 , www.theamericanconservative.com )
- 20180605 : Trade Wars: How Exposed Are EU States and Industries to the US ( Jun 05, 2018 , www.nakedcapitalism.com )
- 20180603 : The Unbelievable Amount Of Frac Sand Consumed By U.S. Shale Oil Industry ( Jun 03, 2018 , www.zerohedge.com )
- 20180603 : Clapper The U.S. Meddled In Foreign Elections And Conducted Regime Change In The Best Interests Of The People ( Jun 03, 2018 , www.zerohedge.com )
- 20180603 : "Teen Culture" is the New Imperialism, and it is Destroying the World ( Jun 02, 2018 , www.zerohedge.com )
- 20180603 : Amid Russiagate Hysteria, What Are The Facts ( Jun 03, 2018 , www.zerohedge.com )
- 20180603 : In Leaked Letter, Trump's Lawyers Tell Mueller To Go Pound Sand ( Jun 03, 2018 , www.zerohedge.com )
- 20180603 : Real Assassin Arrested In Staged Kiev Hit Linked To Ukrainian Intelligence As Official Story Unravels Zero Hedge ( Jun 03, 2018 , www.zerohedge.com )
- 20180603 : The American Empire Its Media ( Jun 02, 2018 , www.zerohedge.com )
- 20180603 : Economist's View Is GDP Overstating Economic Activity ( Jun 03, 2018 , economistsview.typepad.com )
- 20180601 : Unsafe At Any Speed Redux, Self-Driving Cars, and Legal Liability ( Jun 01, 2018 , www.nakedcapitalism.com )
- 20180601 : If you've ever had a personal computer suddenly freeze as a force-fed Microsoft OS update wipes everything, you know that "What could possibly go wrong" with Tesla software updates over the air ( Jun 01, 2018 , www.nakedcapitalism.com )
- 20180601 : Google Abandons Pentagon's AI-Drone 'Project Maven' After Employee Revolt Zero Hedge ( Jun 01, 2018 , www.zerohedge.com )
- 20180601 : WSJ Asks Why We Should Keep Listening To James Clapper's Disinformation Campaign ( Jun 01, 2018 , www.zerohedge.com )
- 20180531* Meet the Economist Behind the One Percent's Stealth Takeover of America by Lynn Parramore ( May 31, 2018 , www.nakedcapitalism.com ) [Recommended]
- 20180530* How Media Amnesia Has Trapped Us in a Neoliberal Groundhog Day ( May 30, 2018 , www.nakedcapitalism.com ) [Recommended]
- 20180530 : US Sanctions On Iran The Unraveling Of Pax Americana Zero Hedge ( May 30, 2018 , www.zerohedge.com )
- 20180530 : Visualizing The Imperial Logic Of US Foreign Policy Zero Hedge ( May 30, 2018 , www.zerohedge.com )
- 20180530 : I want to know what the FBI is doing about all the guys with suspicious names playing hockey for the Washington Capitals ( May 30, 2018 , www.zerohedge.com )
- 20180529* Guccifer 2.0's American Fingerprints Reveal An Operation Made In The USA by Elizabeth Lea Vos ( May 29, 2018 , www.zerohedge.com ) [Recommended]
- 20180529 : May 7, 2018 at 2:03 pm ( May 29, 2018 , www.nakedcapitalism.com )
- 20180529 : There's No Getting Around Iranian Sanctions by Irina Slav ( May 29, 2018 , www.nakedcapitalism.com )
- 20180529 : White House Chief of Staff. You're now a breath away from the President of the UNITED STATES. Moffa meets McDonough in August. Why is this time line August of 2016. Why is this significant? Because what happens in August of 2016 too? ( May 29, 2018 , www.zerohedge.com )
- 20180529 : London-to-Langley Spy Ring; The Roots Of Obamagate Become Clearer Zero Hedge ( May 29, 2018 , www.zerohedge.com )
- 20180529 : The Saudi Lobby s Scheme to Destroy the Iran Deal by By William D. Hartung and Ben Freeman ( May 23, 2018 , www.theamericanconservative.com )
- 20180529 : The Urban-Rural Divide More Pronounced Than Ever ( May 29, 2018 , www.theamericanconservative.com )
- 20180528 : Lacy Hunt Bond Bull Market Will Endure As Debt Strangles Economic Growth ( May 28, 2018 , www.zerohedge.com )
- 20180528 : Making Sense Of America s Empire Of Chaos ( May 28, 2018 , www.zerohedge.com )
- 20180528 : How To Honor Memorial Day by Ray McGovern ( May 28, 2018 , www.zerohedge.com )
- 20180528 : The Seven Pillars of the Matrix by Robert Bonomo> ( Jul 29, 2014 , www.unz.com )
- 20180528 : Neoliberal globalization is collapsing in various way in different countries ( May 24, 2018 , www.moonofalabama.org )
- 20180528 : Whenever I read anything purporting to identify international bad guys and good guys, I always like to ask: Who has this purported bad guy invaded recently? How many bombs has this bad guy dropped on other people s countries? ( May 09, 2018 , www.unz.com )
- 20180528 : Sociopathy and politics ( May 28, 2018 , www.zerohedge.com )
- 20180528 : Political views experssed in Wikipedia articles are mainstream neoliberal views. As such in this area Wikipedia can be considered as a arm of the State Department ( May 28, 2018 , www.zerohedge.com )
- 20180527 : How Institutional Dysfunction Has Enabled Poor Economic Policy Thinking by Rob Johnson ( May 27, 2018 , www.nakedcapitalism.com )
- 20180527 : Russia And Turkey Reach Deal On Southern Stream Gas Pipeline, Infuriate Washington Zero Hedge ( May 27, 2018 , www.zerohedge.com )
- 20180527 : Putin: We're held hostage to political strife around Trump by IAN PHILLIPS ( May 27, 2018 , www.yahoo.com )
- 20180527 : The Dummies Guide To The Russia Collusion Hoax Who, What, Where, When, Why by Roger Kimball ( May 27, 2018 , www.zerohedge.com )
- 20180527 : Neoliberalism's Assault on the Veteran's Administration Continues naked capitalism ( May 27, 2018 , www.nakedcapitalism.com )
- 20180527* America's Fifth Column Will Destroy Russia by Paul Craig Roberts ( May 25, 2018 , www.paulcraigroberts.org ) [Recommended]
- 20180527* Northwestern University roundtable discusses regime change in Russia Defend Democracy Press ( www.defenddemocracy.press ) [Recommended]
- 20180527 : Turning on Russia by Paul Fitzgerald and Elizabeth Gould ( May 27, 2018 , www.defenddemocracy.press )
- 20180526 : Clapper The FBI Wasn't Spying On Trump, It Was Benign Information Gathering ( May 26, 2018 , www.zerohedge.com )
- 20180526 : Buchanan Is US Bellicosity Backfiring? ( May 26, 2018 , www.zerohedge.com )
- 20180526 : The FBI Wasn't Spying On Trump, It Was "Benign Information Gathering" ( May 26, 2018 , www.zerohedge.com )
- 20180524 : Eurasia Group It really is the end of the [neoliberal] world as we know it by : Ian Bremmer ( May 24, 2018 , www.eurasiagroup.net )
- 20180524 : A unionized public employee, a member of the Tea Party, and a CEO are sitting at a table ( May 24, 2018 , consortiumnews.com )
- 20180523 : Rank And File FBI Agents Sickened By Comey And McCabe Want To Come Forward And Testify Zero Hedge ( May 23, 2018 , www.zerohedge.com )
- 20180523* Mueller role as a hatchet man is now firmly established. Rosenstein key role in applointing Mueller without any evidence became also more clear with time. Was he coerced or did it voluntarily is unclear by Lambert Strether ( May 23, 2018 , www.nakedcapitalism.com ) [Recommended]
- 20180523 : 2016 Hillary fiasco post mortem by Lambert Strether ( May 23, 2018 , www.nakedcapitalism.com )
- 20180523 : the unbalanced evolution of homo sapiens What happens when a country decides to decouple itself from the US-Saudi axis of evil ( May 23, 2018 , failedevolution.blogspot.gr )
- 20180521 : On neoliberalism ( May 16, 2018 , stumblingandmumbling.typepad.com )
- 20180520 : Germany responds to USA's ultimatum about Nord Stream 2 project ( May 20, 2018 , www.veteranstoday.com )
- 20180520 : Is Wikipedia An Establishment Psyop Zero Hedge ( May 20, 2018 , www.zerohedge.com )
- 20180520 : Real political power in this world is the ability to control the dominant narrative about what's going on ( May 20, 2018 , www.zerohedge.com )
- 20180520 : Here Comes Tesla's Next Big "Ask" from Taxpayers ( May 20, 2018 , www.zerohedge.com )
- 20180520 : Neoliberal economists as modern Mafiosi ( May 20, 2018 , www.nakedcapitalism.com )
- 20180520 : Brussels Rises in Revolt Against Washington a Turning Point in the US-European Relationship ( May 20, 2018 , www.strategic-culture.org )
- 20180520* Yes, Neoliberalism Is a Thing. Don't Let Economists Tell You Otherwise naked capitalism ( May 20, 2018 , www.nakedcapitalism.com ) [Recommended]
- 20180520 : The Populism Backlash An Economically Driven Backlash ( May 20, 2018 , www.nakedcapitalism.com )
- 20180520* "Free markets" as a smoke screen for parasitizing riches to implement their agenda via, paradoxically, state intervention ( May 20, 2018 , www.nakedcapitalism.com ) [Recommended]
- 20180520 : What is cultural Marxism ( May 20, 2018 , www.nakedcapitalism.com )
- 20180519 : FBI Spy-Op Exposed, Trump Campaign Infiltrated By Longtime CIA And MI6 Assete ( May 19, 2018 , www.zerohedge.com )
- 20180518 : Was it Trump political inexperience or yet another shrwed Obama-style bait and switch operation ? ( May 18, 2018 , www.zerohedge.com )
- 20180518 : IG Horowitz Finds FBI, DOJ Broke Law In Clinton Probe, Refers To Prosecutor For Criminal Charges ( May 18, 2018 , www.zerohedge.com )
- 20180518 : MAGA = Mueller Ain't Going Away ( May 18, 2018 , www.zerohedge.com )
- 20180518 : For Economic Truth Turn To Michael Hudson by Paul Craig Roberts ( May 09, 2018 , www.paulcraigroberts.org )
- 20180516 : How university economic theories are failing us all RT -- Renegade Inc. ( May 14, 2018 , www.rt.com )
- 20180515 : Oil Prices The Long-Term Debt Cycle by Art Berman ( May 15, 2018 , www.artberman.com )
- 20180515 : Oil Retreats from 3-Year High - Prices - Oil Price Community ( May 15, 2018 , community.oilprice.com )
- 20180514 : Skeptical Geologist Warns Permian's Best Years Are Behind Us ( May 14, 2018 , www.zerohedge.com )
- 20180514 : In an ongoing operation, the US imperialist hawks seek to wipe out the last Leftist govements in LA ( May 14, 2018 , failedevolution.blogspot.gr )
- 20180513 : Neoliberal Defenestration and the Overton Window by Stephen Martin ( May 11, 2018 , www.counterpunch.org )
- 20180513 : Fighting unending wars across thousands of miles of the planet for almost 17 years without end, while making the president into a global assassin, is the necessary course of action under neoliberalism as the goal is to preserve and expande global, led by the USA neoliberal empire using power of bayonets ( May 13, 2018 , www.unz.com )
- 20180513 : And interesting admission of the stress the neoliberlaism is under from Michael Hayden ( May 10, 2018 , www.theamericanconservative.com )
- 20180511 : In a way IMF is perverted way of central planning for the benefits of G7. There s nothing wrong with central planning if your planners are competent and honest, but this is not the case here. This is a form of neocolonial racket ( May 11, 2018 , www.unz.com )
- 20180509* Trotskyist Delusions, by Diana Johnstone ( May 05, 2018 , www.unz.com ) [Recommended]
- 20180504 : Attention Hookers: Special Counsel urgently needs your stories. We pay top dollar. ( May 04, 2018 , www.zerohedge.com )
- 20180504 : Atlantic Council Explains Why We Need To Be Propagandized For Our Own Good Zero Hedge ( May 04, 2018 , www.zerohedge.com )
- 20180504 : Judge Mulls Dismissal Of Manafort Charges, Sharply Questioned Mueller Overreach Zero Hedge ( May 04, 2018 , www.zerohedge.com )
- 20180504 : In their March 15 letter, 39 US senators called on the Treasury and State Departments to utilize all the sanction tools at their disposal to fight the Nord Stream 2 project to bring cheap Russian gas to Europe. ( May 04, 2018 , www.strategic-culture.org )
- 20180503 : How Oil Hedging Could Cost Companies $7 Billion by Tsvetana Paraskova ( May 03, 2018 , oilprice.com )
- 20180503 : Can $80 Oil Be Justified by Tsvetana Paraskova ( May 03, 2018 , oilprice.com )
- 20180503 : A sovereign that HAS NO DEBT IN A FOREIGN CURRENCY has zero risk of insolvency ( May 03, 2018 , www.moonofalabama.org )
- 20180502 : Sanctimonious liar James Comey s Forgotten Rescue Of Bush-Era Torture ( May 02, 2018 , www.zerohedge.com )
- 20180502* Neoliberalism and Christianity ( May 02, 2018 , www.moonofalabama.org ) [Recommended]
- 20180501 : Why Is Israel Desperate To Escalate Syrian Conflict by Nauman Sadiq ( May 01, 2018 , www.zerohedge.com )
- 20180430 : MoA - Netanyahoo To Again Cry Wolf - But Something Bigger Is Up (Updated) ( Apr 30, 2018 , www.moonofalabama.org )
- 20180430 : Stormy Daniels Files Defamation Lawsuit Against Trump Zero Hedge ( Apr 30, 2018 , www.zerohedge.com )
- 20180429 : Grab the Popcorn Trump Promises to 'Take On' EU in New Trade War - Sputnik International ( Apr 29, 2018 , sputniknews.com )
- 20180429 : We Won't Talk With A Gun Pointed To Our Head Europe Braces For Trade War With The US ( Apr 29, 2018 , www.zerohedge.com )
- 20180429 : Yemen War Great For US Jobs Watch CNN's Wolf Blitzer Proclaim Civilian Deaths Are Worth It Zero Hedge ( Apr 29, 2018 , www.zerohedge.com )
- 20180428 : A Former Russian Oligarch And Putin Nemesis Seeks To Revive Russia Collusion Hysteria Zero Hedge ( Apr 28, 2018 , www.zerohedge.com )
- 20180428 : Mystery Group Of Wealthy Donors And Soros Spends $50 Million For Private Trump-Russia Investigation Zero Hedge ( Apr 28, 2018 , www.zerohedge.com )
- 20180428 : America's Most Popular Politician Is Nikki Haley...Let That Sink In ( Apr 28, 2018 , www.zerohedge.com )
- 20180428 : Comey took it upon himself to declassify, classified documents without the permission of the President of the United States, who happens to be his boss. ( Apr 28, 2018 , www.zerohedge.com )
- 20180428 : Clapper Busted Leaking Dossier Details To CNN's Jake Tapper, Lying To Congress About It ( Apr 28, 2018 , www.zerohedge.com )
- 20180427 : 30 years of neoliberalism in the USA: A long-awaited federal study finds that an estimated 32 million adults in the USA -- about one in seven -- are saddled with very low literacy skills ( Apr 27, 2018 , www.moonofalabama.org )
- 20180427 : Neoliberalism wiped out German left. Germany today has no left anymore. ( Apr 27, 2018 , www.moonofalabama.org )
- 20180427 : Chomsky joined Vichy left on Syria ( Apr 27, 2018 , www.moonofalabama.org )
- 20180425 : How The Globalism Con Game Leads To A 'New World Order' by Brandon Smith ( Apr 25, 2018 , www.zerohedge.com )
- 20180425 : The DNC might get into deep trouble with their lawsuit ( Apr 25, 2018 , www.zerohedge.com )
- 20180425 : She obviously learned from the best. ( Apr 25, 2018 , www.zerohedge.com )
- 20180424 : Home Prices In 80% Of US Cities Grew 2x Faster Than Wages... And Then There Is San Francisco ( Apr 24, 2018 , www.zerohedge.com )
- 20180424 : Midwestern Democrats Want The DNC To STFU About Trump-Russia ( Apr 24, 2018 , www.zerohedge.com )
- 20180424 : Democrats Slapped With Demand To Preserve Evidence As Roger Stone Goes After DNC Servers Zero Hedge ( Apr 24, 2018 , www.zerohedge.com )
- 20180424 : How neoliberal economics in universities achieve tenure ( Apr 24, 2018 , www.nakedcapitalism.com )
- 20180424 : Neoliberal indoctrination at universities ( Apr 24, 2018 , www.nakedcapitalism.com )
- 20180424 : Lyapanov's work on the inherent instability of complex systems which was used as a basis of Chaos Theory, is enough in itself to relegate predictions based on a linear model when applied to the complex to be thrown into the dustbin of history. ( Apr 24, 2018 , www.nakedcapitalism.com )
- 20180424 : Herding Hamsters and Other Cosmic Reflections, by Fred Reed ( Apr 22, 2018 , www.unz.com )
- 20180424 : Constant and persistent nudging generally results in an angry backlash. Somewhere around when a person realizes "This is not where I wanted to be." That's now very true for neoclassic economy courses. Many students understand the game and hate it ( Apr 24, 2018 , www.nakedcapitalism.com )
- 20180424 : The term scientism generally points to the facile application of science in unwarranted situations not amenable to application of the scientific method. ( Apr 24, 2018 , www.nakedcapitalism.com )
- 20180423 : On Rand and Nietzsche ( Apr 23, 2018 , www.moonofalabama.org )
- 20180423* Neoliberals are statists, much like Trotskyites are ( Apr 23, 2018 , americanaffairsjournal.org ) [Recommended]
- 20180423 : Neoliberalism is not just an economic policy, it is a project of "full spectrum dominance" of the human psyche. It is an indoctrination that tells people to be more efficient, to schedule and micromanage their lives as to increase productivity ( Apr 23, 2018 , www.moonofalabama.org )
- 20180423 : Cutting Capitalism Out of Our Relationships by William C. Anderson ( Apr 23, 2018 , www.truth-out.org )
- 20180423* How Neoliberalism Worms Its Way Into Your Brain by Nathan J. Robinson ( Apr 23, 2018 , www.currentaffairs.org ) [Recommended]
- 20180422* The American ruling class loves Identity Politics, because Identity Politics divides the people into hostile groups and prevents any resistance to the ruling elite ( Apr 22, 2018 , www.unz.com ) [Recommended]
- 20180422 : No Official Intel Used To Launch Russia Probe According To Controversial DOJ Document Nunes ( Apr 22, 2018 , www.zerohedge.com )
- 20180422 : Beware Of White Helmets Bearing News by Ann Wright ( Apr 22, 2018 , www.zerohedge.com )
- 20180422 : One of the signs of an empire that is failing is the increasing disconnect (and cynicism) between the rulers and the ruled - no matter what the system of government may be ( Apr 22, 2018 , www.moonofalabama.org )
- 20180421 : The Blight of Ukania ( Apr 21, 2018 , www.counterpunch.org )
- 20180420 : How about the West which has been trying to build a gas pipeline through Syria into Turkey to supply Europe with gas and break Russia's monopoly of European gas supplies. ( Apr 20, 2018 , discussion.theguardian.com )
- 20180420 : The Great Game Comes to Syria by Conn Hallinan ( Apr 20, 2018 , www.counterpunch.org )
- 20180419 : Imran Awan's Father Transferred USB Drive To Ex-Head Of Pakistani Intel Agency Zero Hedge ( Apr 19, 2018 , www.zerohedge.com )
- 20180418 : Criminal Referral Issued For Comey, Clinton, Lynch And McCabe; Rosenstein Recusal Demanded ( Apr 18, 2018 , www.zerohedge.com )
- 20180418 : Count on an inverted yield curve and Treasury Department derivative losses in the trillions on interest rate swaps sold to Wall Street banks ( Apr 18, 2018 , thesaker.is )
- 20180417 : After Greeks and British, now Italians reject neoliberal EU. Not many ideas what to put in its place. Defend Democracy Press ( March 5, 2018 , www.defenddemocracy.press )
- 20180416 : Self-Centered, Self-Serving Jackass : FBI Insiders Furious After Comey Interview ( Apr 16, 2018 , www.zerohedge.com )
- 20180416 : Macron takes fire for Syria attack ( Apr 16, 2018 , www.presstv.com )
- 20180416 : Russia Reveals Who Staged Syria Gas Attack, As US Claims Moscow May Have Tampered With Site ( Apr 16, 2018 , www.zerohedge.com )
- 20180416 : Fucking amateur hour. The site supposedly hit by 70 missiles still standing ( Apr 16, 2018 , www.zerohedge.com )
- 20180416 : There is no magic way to make this stuff go away. Incineration doesn't solve the problems of the metal containers. All of this stuff would be making its way into their environment, causing illness and death in the coming years. It takes decades to properly neutralize this stuff. Lighting it up with Tomahawks definitely isn't the best way, and without a doubt some of it would be immediately released into the surrounding area. However small or not so small that amount is: ( Apr 16, 2018 , www.zerohedge.com )
- 20180416 : Do Brits try top prevent OPCW team getign to the site? ( Apr 16, 2018 , www.zerohedge.com )
- 20180416 : Paul Craig Roberts Has One Awkward Question For Washington Warmongers ( Apr 16, 2018 , www.zerohedge.com )
- 20180416 : I suggest that Russia act as marginal producer and refuse to sell oil, gas or raw petroleum products for less than double the price of other suppliers. ( Apr 15, 2018 , www.zerohedge.com )
- 20180416 : In late March, the U.S. State Department warned European corporations that they will likely face penalties if they participate in the construction of Russia's Nord Stream 2 gas pipeline, on the grounds that the project undermines energy security in Europe ( Apr 16, 2018 , www.zerohedge.com )
- 20180416 : I can only imagine what Putin et al are thinking. They know they and Assad were not behind that attack, and they know we know, or should know. What this means is that they will have to come to view our government the same way America used to view the Communists. As dangerous, fanatical lunatics. ( Apr 16, 2018 , www.zerohedge.com )
- 20180416 : Trump voters dissatisfaction now reached boiling level ( Apr 15, 2018 , www.zerohedge.com )
- 20180415 : Russia gas for Europe as a political tool of the USA to pressure Russia via its EU vassals ( Apr 15, 2018 , turcopolier.typepad.com )
- 20180415 : We know this empire is destined to eat itself up due to greed and hubris. My only concern is how long that will take. ( Apr 15, 2018 , www.zerohedge.com )
- 20180415 : World cup as a political game ( Apr 15, 2018 , www.zerohedge.com )
- 20180415 : Syria: What Just Happened? ( Apr 15, 2018 , www.zerohedge.com )
- 20180415 : We are entering the psyops and propaganda phase of a war. In this phase we are ordered to only say what they want us to, and this goes for both sides. They don't care about the truth, just where and when the shooting will start. ( Apr 15, 2018 , www.zerohedge.com )
- 20180415 : Any good reason we shouldn't just start calling the 5(+1)-eyez media environment the Oceania State News Network (OSNN) right now? ( Apr 15, 2018 , www.zerohedge.com )
- 20180413 : Live updates Syria under military attack on Trump's orders ( Apr 13, 2018 , www.presstv.com )
- 20180413 : Yet when you consider the broader context and what the Russian side is now saying, it is just plain idiotic to own the S P 500 at 24X. After all, earnings that have been going nowhere for the past three years (earnings per share have inched-up from $106 in September 2014 to $109 in December 2017), and now could be ambushed by a hot war accident in Syria that would rapidly escalate. ( Apr 13, 2018 , www.zerohedge.com )
- 20180413 : Neoliberalism's deceptively seductive offer of increased individual choice comes at a heavy price, rendering individuals more and more vulnerable ( Apr 12, 2018 , nyupress.org )
- 20180413 : Embodying the Sexual Limits of Neoliberalism by Sealing Cheng ( Apr 13, 2018 , sfonline.barnard.edu )
- 20180412 : Bolton And Mattis Feud Over Syria Strike As Assad Evacuates Weapons ( Apr 12, 2018 , www.zerohedge.com )
- 20180411 : I think that the read target of attack in Syria is the Nord Stream II pipeline. ( Apr 11, 2018 , www.moonofalabama.org )
- 20180410 : The brand of [neoliberal] "rationality" when the market interest is the only rational motive that too many people in the West subscribe to is a brand of smug pseudoreligious fanaticism that is itself "irrational." ( Apr 10, 2018 , turcopolier.typepad.com )
- 20180410 : Trump says the US will be pulling out of Syria and a week later White helmets spread diinforation about Assad poisoning civil population in Douma and Trump believe this propaganda calls Assad an animal and blames Putin. ( Apr 10, 2018 , www.zerohedge.com )
- 20180410 : The "Russian" Poisoning of the Skirpals In Context ( Apr 10, 2018 , www.zerohedge.com )
- 20180409 : It remains unclear if US neocons staged Dauma provocation to prevent the US troops withdraval annonced by Trump ( Apr 09, 2018 , www.zerohedge.com )
- 20180409 : Israel Launched Deadly Airstrike Against Syrian Airbase ( Apr 09, 2018 , www.zerohedge.com )
- 20180409 : US Will Respond To Syria Gas Attack Regardless Of Security Council's Decision ( Apr 09, 2018 , www.zerohedge.com )
- 20180409 : Hi, I am from the government. I am here to lie to you ( Apr 09, 2018 , www.zerohedge.com )
- 20180409 : The big game is the eradication of Western sponsored terrorists and ending of the Syrian civil war ( Apr 09, 2018 , www.zerohedge.com )
- 20180409 : The US is in Syria illegally and that manes that guerilla attacks of the USA troops in occupied areas might intensify ( Apr 09, 2018 , www.zerohedge.com )
- 20180409 : Publication by the USA formula of Novichok was probably a fake as in case it is real it put Israel into tremendous danger ( Apr 09, 2018 , www.zerohedge.com )
- 20180409 : Former President of Ecuador, Rafael Correa shut down the US base at Manta. His successor, Lenin Moreno, has proven to be some kind of neoliberal mole ( Apr 09, 2018 , www.moonofalabama.org )
- 20180408 : The UK and France are in deep economic trouble and need an external enemy such as Russia using an incident such as the Skripal affair to deflect the people from focusing on removing their government leaders ( Apr 08, 2018 , www.moonofalabama.org )
- 20180408 : Kelly Goes Nuclear In Oval Office, Threatens To Quit Report ( Apr 07, 2018 , www.zerohedge.com )
- 20180408 : Chris Hedges U.S. Citizens Are Living In An Inverted Totalitarian Country ( Apr 08, 2018 , www.zerohedge.com )
- 20180407 : Richest one percent will own two-thirds of all wealth by 2030 by Michael Savage ( Apr 07, 2018 , www.theguardian.com )
- 20180407 : As Skripal-Gate Collapses, Will May's Government Be Next by Tom Luongo, ( Apr 07, 2018 , www.zerohedge.com )
- 20180405 : Judge Throws Out 12-Year-Old Lawsuit Against Steve Cohen Zero Hedge ( Apr 05, 2018 , www.zerohedge.com )
- 20180405 : An extreme Russophobia based on the most flimsiest of evidence that threaten a full scale nuclear conflagration, which is an existential threat ( Apr 05, 2018 , www.nakedcapitalism.com )
- 20180404 : Elite universities are selling themselves – and look who s buying by Grif Peterson and Yarden Katz ( Mar 30, 2018 , www.theguardian.com )
- 20180404 : Elite universities are selling themselves and look who's buying ( Apr 04, 2018 , www.theguardian.com )
- 20180404 : Russian Gas Transit Via Ukraine Set For Major Slump ( Apr 04, 2018 , oilprice.com )
- 20180404 : Standard Clinton speak - accuse the other side of what you are doing in real time ( Apr 04, 2018 , www.zerohedge.com )
- 20180403 : There Are Warning Signs Out There - Bloomberg Stumbles On Catalyst For The Next Debt Crisis ( Apr 02, 2018 , www.zerohedge.com )
- 20180403 : The US Arms Machine: Why Wars R Us ( Apr 03, 2018 , www.nakedcapitalism.com )
- 20180402 : Tesla Encounters the Material World ( Apr 02, 2018 , www.nakedcapitalism.com )
- 20180402 : Is It Time to Delete Facebook? by Lambert Strether ( Apr 01, 2018 , www.nakedcapitalism.com )
- 20180402 : For First Time, Tuition Is Public College's Biggest Revenue Source by Sophie Quinton ( Mar 30, 2018 , www.governing.com )
- 20180402 : How Many Opioid Overdoses Are Suicides ( Apr 02, 2018 , www.nakedcapitalism.com )
- 20180402 : The Class Struggle in the Old West by Louis Proyect ( Mar 30, 2018 , www.counterpunch.org )
- 20180402 : Russia Has 14 Questions On Fabricated Skripal Case ( Mar 31, 2018 , www.zerohedge.com )
- 20180402* The Litvinenko Conspiracy ( Mar 31, 2018 , www.nakedcapitalism.com ) [Recommended]
- 20180402 : Trump has shown that he'll bend quickly to neocon pressure, with increased interest in foreign war ( Apr 02, 2018 , www.nakedcapitalism.com )
- 20180401 : Where Volkswagen Cars Go To Die ( Apr 01, 2018 , www.zerohedge.com )
- 20180401 : Facebook In Turmoil Employees In Uproar Over Executive's Leaked Memo Zero Hedge ( Apr 01, 2018 , www.zerohedge.com )
- 20180401 : Trouble for big tech as consumers sour on Amazon, Facebook and co ( Apr 01, 2018 , www.theguardian.com )
- 20180401 : Always wondering what causes the next market crash - it could be this. ( Apr 01, 2018 , www.zerohedge.com )
- 20180401* Big American Money, Not Russia, Put Trump in the White House: Reflections on a Recent Report by Paul Street ( Mar 30, 2018 , www.counterpunch.org ) [Recommended]
- 20180401 : On What We Missed About Globalization ( Apr 01, 2018 , angrybearblog.com )
- 20180401* Does the average user care if s/he is micro-targetted by political advertisements based on what they already believe? ( Apr 01, 2018 , www.zerohedge.com ) [Recommended]
- 20180331 : British elite started to worry about possible toxic fall out from Skripal ( Mar 31, 2018 , www.theguardian.com )
- 20180331 : Russia Has 14 Questions On Fabricated Skripal Case ( Mar 31, 2018 , www.zerohedge.com )
- 20180331* RFK and Nixon immediately understood the assassination was a CIA-led wet-works operation since they chaired the assassination committees themselves in the past ( Mar 31, 2018 , www.zerohedge.com ) [Recommended]
- 20180331 : RFK and Nixon immediately understood the assassination was a CIA-led wet-works operation since they chaired the assassination committees themselves in the past ( Mar 31, 2018 , www.zerohedge.com )
- 20180330 : Forth Reich plans to attack Russia ( Mar 26, 2018 , turcopolier.typepad.com )
- 20180330* The Death Of The Liberal World Order by Leonid Savin ( Mar 30, 2018 , www.zerohedge.com ) [Recommended]
- 20180330 : McCabe Lied Four Times To DOJ and FBI - Twice While Under Oath ( Mar 30, 2018 , www.zerohedge.com )
- 20180330 : Obama and his so called "national security" apparatus is primarily responsible for destroying Russian-American relations ( Mar 30, 2018 , turcopolier.typepad.com )
- 20180330 : Skripal was a traitor who got caught, convicted, jailed and then exchanged, not a defector ( Mar 30, 2018 , turcopolier.typepad.com )
- 20180329 : Concerns about the effectiveness of the online advertizing ( Mar 29, 2018 , www.zerohedge.com )
- 20180329 : Wolf Richter Tesla Slammed by Tesla (and Moody's) naked capitalism ( Mar 29, 2018 , www.nakedcapitalism.com )
- 20180329 : Fakebook On Its Way To Zero ( Mar 29, 2018 , www.zerohedge.com )
- 20180329 : Facebook Condom - Mozilla Launches Firefox Extension To Avoid Zuck s Spying Eyes ( Mar 28, 2018 , www.zerohedge.com )
- 20180329 : Trend Is Your Friend... Except At The End ( Mar 29, 2018 , www.zerohedge.com )
- 20180329 : Stagflation Alert As Wages And Salaries Roll Over ( Mar 29, 2018 , www.zerohedge.com )
- 20180329 : Ann Coulter Slams Lazy Ignoramus Trump All He Wants Is Goldman To Like Him ( Mar 29, 2018 , www.zerohedge.com )
- 20180328 : Britain Has No Clue Why It's Punishing Russia by Mark Galeotti ( Mar 28, 2018 , foreignpolicy.com )
- 20180328 : Did the allies share this kind of information as standard practice or did Brennan somehow induce them to collect and report it? This question would fall within the scope of Mueller's investigation ( Mar 28, 2018 , turcopolier.typepad.com )
- 20180328 : My impression is that the internal dynamic of development of such a large and well financed intelligence service as CIA is directed toward "liberation" from any civil control. ( Mar 28, 2018 , turcopolier.typepad.com )
- 20180328 : Power elite is, in most modern countries, comprised of big money (different sources in different lands), dominant media controllers of intellectual discourse through academia, military infrastructure plus professional politicians, various intelligence agencies etc. ( Mar 28, 2018 , www.unz.com )
- 20180328 : Trader The Probability Of 10Y Yields Collapsing Is Much Higher Than Most Realize ( Mar 28, 2018 , www.zerohedge.com )
- 20180328 : Want To Freak Yourself Out Here Is All The Personal Data That Facebook-Google Collect ( Mar 28, 2018 , www.zerohedge.com )
- 20180328 : Should You Delete Your Facebook Page ( Mar 27, 2018 , www.zerohedge.com )
- 20180327 : Over One Fifth of Student Borrowers Used Loans to Gamble on Cryptocurrencies ( Mar 27, 2018 , www.nakedcapitalism.com )
- 20180327 : Russia has multiple problem and needs at least another 10 year to rebuild its economy ( Mar 27, 2018 , turcopolier.typepad.com )
- 20180327 : There are several problem with investigating Brennan ( Mar 27, 2018 , turcopolier.typepad.com )
- 20180327 : Here's John Bolton Promising Regime Change in Iran by the End of 2018 ( Mar 27, 2018 , turcopolier.typepad.com )
- 20180327 : Cutting 'Old Heads' at IBM ( Mar 27, 2018 , news.slashdot.org )
- 20180327 : After Rising For 100 Years, Electricity Demand is Flat ( Mar 27, 2018 , news.slashdot.org )
- 20180327 : Visa Claims Chip Cards Reduced Fraud By 70% ( Mar 27, 2018 , slashdot.org )
- 20180327 : Then They Came for the Globalists by C.J. Hopkins ( Mar 27, 2018 , www.unz.com )
- 20180326 : Paul Craig Roberts Washington Has Declared Hegemony Or War ( Mar 25, 2018 , www.zerohedge.com )
- 20180326 : Theresa May devious plot was to blame Russia for a "chemical attack on Britain" which is an act of war and then invoke NATO Article 5 and impose draconian sanctions on Russia, which allow confiscation of Russian assets in Britain and at the same time protect Britain from the direct retaliation ( Mar 22, 2018 , turcopolier.typepad.com )
- 20180326 : Heartlessness by Richard Sale ( Mar 26, 2018 , turcopolier.typepad.com )
- 20180326 : Brexit: UK Capitulates ( Mar 26, 2018 , www.nakedcapitalism.com )
- 20180326 : [neo]Liberal World Order, RIP by Richard N. Haass ( Mar 26, 2018 , www.project-syndicate.org )
- 20180326 : Trump Unable To Hire diGenova, Toensing Over Conflicts, Mueller Strategy In Limbo ( Mar 25, 2018 , www.zerohedge.com )
- 20180325 : Surveillance is the DNA of the Platform Economy ( Mar 24, 2018 , www.nakedcapitalism.com )
- 20180325 : Cambridge Analytica was involved in basically all recent elections ( Mar 25, 2018 , www.zerohedge.com )
- 20180325 : Dumb F--ks Julian Assange Reminds Us What Mark Zuckerberg Thinks Of Facebook Users ( Mar 25, 2018 , www.zerohedge.com )
- 20180325 : Who Will Stop the US-Russia Arms Race naked capitalism ( Mar 25, 2018 , www.nakedcapitalism.com )
- 20180325 : Erdogan is making progress toward ... What ( Mar 25, 2018 , turcopolier.typepad.com )
- 20180325 : The masses don't care about Stormy Daniels. Who cares? It preceded him being Prez ( Mar 25, 2018 , www.zerohedge.com )
- 20180325 : Tonight Is The Beginning Seven Things To Watch For In Stormy Daniels' Interview ( Mar 25, 2018 , www.zerohedge.com )
- 20180325 : Trump politically is fully cooked: he lost large part of his formar base and now represents mostly himself which is not much. Trumplism will live without Trump ( Mar 25, 2018 , turcopolier.typepad.com )
- 20180325 : Love to see international-law-breaking US teaches other countries to abide laws. What an exceptional country! ( Mar 25, 2018 , www.moonofalabama.org )
- 20180325 : Brennan committed 'Sedition' against the Unites States when he used his lock-lips (called foot in mouth syndrome) and actions behind the scenes, and stepped over the line. ( Mar 24, 2018 , turcopolier.typepad.com )
- 20180325 : The USA will keep dispensing tows to the Saudis for those moderate head choppers in Daraa and etc ( Mar 24, 2018 , turcopolier.typepad.com )
- 20180325 : The West's Guilty Until Proven Innocent Mantra Is Wrecking Lives International Relations Zero Hedge ( Mar 25, 2018 , www.zerohedge.com )
- 20180325 : John Bolton is in all likelihood a Zionist asset due to the Israelis having some very powerful kompromat on him ( Mar 25, 2018 , turcopolier.typepad.com )
- 20180325 : Basically McMaster started clearing out the Israel Zios in the department ...including several who violate security rules on top secret info ( Mar 24, 2018 , turcopolier.typepad.com )
- 20180324 : Since 2010, the Census Bureau has reported that married couples have made up less than half of all households ( Mar 24, 2018 , www.theatlantic.com )
- 20180324 : I have to laugh at the people trying to portray Bonkers Bolton as somehow less insane than he is. ( Mar 24, 2018 , turcopolier.typepad.com )
- 20180324 : Undersecretary of State for Arms Control and International Security John Bolton, who pressured intelligence officers to endorse his views of other rogue states, especially Syria and Cuba. ( Mar 24, 2018 , turcopolier.typepad.com )
- 20180323 : How money work ( Mar 23, 2018 , www.moonofalabama.org )
- 20180323 : Jim Kunstler Warns An Unspooling Has Begun ( Mar 23, 2018 , www.zerohedge.com )
- 20180323 : Now it's time for asset values to adjust -- DOWN. ( Mar 23, 2018 , www.nakedcapitalism.com )
- 20180323 : Sleazy Obama used Facebook illegally to get an advantage during 2012 elections ( Mar 22, 2018 , www.nakedcapitalism.com )
- 20180323 : A Shameless Exploiter of the Underclass Dwindles ( Mar 23, 2018 , www.zerohedge.com )
- 20180322 : Facebook is basically responsible for feeding the analytics system that enabled Cambridge Analytica and the Trump campaign to be so targeted and effective with a minimal budget ( Mar 22, 2018 , turcopolier.typepad.com )
- 20180322 : If Europe continues to buy Russian gas -- that will be bad news for US. The US, however, may yet succeed in sabotaging Nord Stream II and thus, in a long run, kill European industrial competitiveness thus opening European market for US products. ( Mar 22, 2018 , turcopolier.typepad.com )
- 20180322 : Russian gas supplies to Europe must be verboten, in US mind, or at least pushed back. ( Mar 22, 2018 , turcopolier.typepad.com )
- 20180322 : It is my opinion that China, Russia, Iran, and probably additional countries decided to make a move after the brazen 2003 invasion of Iraq by the U.S. and others, and the massive financial fraud partly exposed in the U.S. and Britain in 2008 and afterwards, which fraud was not stopped and the perpetrators were bailed out and none were prosecuted. ( Mar 22, 2018 , turcopolier.typepad.com )
- 20180322 : I've been waiting to see what happens with the SDR (Special Drawing Right). The IMF (International Monetary Fund) added it to the SDR basket in October 2016 after a lot of foot dragging by the US. ( Mar 22, 2018 , turcopolier.typepad.com )
- 20180322 : In order for Sanders to achieve anything substancial, he would have to have a substantial, functioning party apparatus ( Mar 22, 2018 , www.nakedcapitalism.com )
- 20180322 : Now I'm F---ing Doing It My Way Trump Prepares For War With Mueller Zero Hedge ( Mar 22, 2018 , www.zerohedge.com )
- 20180322 : Neocons still rule the US, Trump or no Trump: Senate Votes to Kill Bill Challenging Legality of Yemen War ( Mar 22, 2018 , turcopolier.typepad.com )
- 20180322 : 21 March 2018 at 02:33 PM ( Mar 22, 2018 , turcopolier.typepad.com )
- 20180322 : British attempts at gas lighting in Skripal affair ( Mar 22, 2018 , turcopolier.typepad.com )
- 20180322 : Russian Ambassador Hints At False Flag The UK Has A Long Record Of Misdoings ( Mar 22, 2018 , www.zerohedge.com )
- 20180322 : Richard Wolff is another common sense economist you may or may not have read or listened to his talks. Check him out when you get a chance ( Mar 21, 2018 , consortiumnews.com )
- 20180321 : Israel Quietly Begins Practicing for Possible War With Russia ( Mar 20, 2018 , turcopolier.typepad.com )
- 20180321 : Germany's Pivot From Russian Gas Will Be Costly ( Mar 21, 2018 , www.nakedcapitalism.com )
- 20180321 : Wolf Richter Then Why Is Anyone STILL on Facebook by Wolf Richter ( Mar 21, 2018 , www.nakedcapitalism.com )
- 20180321 : Bill Of The Month For Toenail Fungus, A $1,500 Prescription naked capitalism ( Mar 21, 2018 , www.nakedcapitalism.com )
- 20180321 : Big pharma racket: Bottom line, it's doctors and patients fault for not defending themselves against the ludicrously corrupt health insurance industry ( Mar 21, 2018 , www.nakedcapitalism.com )
- 20180321 : The corporate media ignores the rise of oligarchy. The rest of us shouldn t by Bernie Sanders ( Mar 21, 2018 , www.theguardian.com )
- 20180321 : Pat Buchanan Asks Did Putin Order The Salisbury Hit ( Mar 21, 2018 , www.zerohedge.com )
- 20180321 : NSA Has Been Tracking Bitcoin Users Since 2013, New Snowden Documents Reveal ( Mar 21, 2018 , www.zerohedge.com )
- 20180320 : This country is neither a democracy nor a democratic republic. It is a de facto oligarchy, in which ordinary citizens have but little say. ( Mar 20, 2018 , turcopolier.typepad.com )
- 20180320 : Only a hopeless moron can stage a provocation without inventing a coherent set of plausible lies beforehand. ( Mar 20, 2018 , www.unz.com )
- 20180320 : For an extra funny, at one time, the United States was happy to supply fuel cycle capable breeder reactors to Iran, before the 1979 Revolution intervened. ( Mar 20, 2018 , turcopolier.typepad.com )
- 20180320 : I expect to see is that, as during the George II Administration, the US would loudly accuse Iran of breaking faith with agreements and demand unlimited access for 'inspectors'. ( Mar 20, 2018 , turcopolier.typepad.com )
- 20180320 : Trump's Lawyers Hand Over Documents To Limit Scope Of Mueller Interview ( Mar 20, 2018 , www.zerohedge.com )
- 20180320 : The Ends Don't Justify The Means! by James Howard Kunstler ( Mar 20, 2018 , www.zerohedge.com )
- 20180320 : Trump Set To Unleash $60bn China Tariffs On Friday ( Mar 20, 2018 , www.zerohedge.com )
- 20180319 : It might well be that Nordstream 2, the gas pipeline from Russia to Northern Europe is the target ( Mar 19, 2018 , www.unz.com )
- 20180319 : People are not human beings to a psychopath, they're instruments to be manipulated. ( Mar 19, 2018 , www.zerohedge.com )
- 20180319 : Edward Snowden: Facebook Is A Surveillance Company Rebranded As Social Media ( Mar 18, 2018 , www.zerohedge.com )
- 20180319 : T he biggest hurdle for advances in Ghouta remains the prospect of brutal urban warfare ( Mar 19, 2018 , turcopolier.typepad.com )
- 20180319 : Fancy killings and attempts thereof seem more indicative of the West tendencies towards drama including rogue parts of the CIA, MI6, etc. ( Mar 19, 2018 , www.zerohedge.com )
- 20180319 : There is no doubt that the UK acted as Washington's poodle ( Mar 19, 2018 , www.zerohedge.com )
- 20180319 : What Are We to Make of Gina Haspel by Publius Tacitus ( Mar 19, 2018 , turcopolier.typepad.com )
- 20180318 : The main problem of Russia internally is the Caucasus and the growth of Muslim population in severalrigions as they have higher fertility ( Mar 18, 2018 , turcopolier.typepad.com )
- 20180318 : Meet Hillary Clinton's Other, More Powerful And Shadowy Oppo Research Firm ( Mar 18, 2018 , www.zerohedge.com )
- 20180318 : In fact, once you cross a certain threshold, it becomes fun to slice through their shitty propaganda, like a hot knife through lard. ( Mar 18, 2018 , www.zerohedge.com )
- 20180318 : 7 Years on, Sailors Exposed to Fukushima Radiation Seek Their Day in Court by Gregg Levine ( news.antiwar.com )
- 20180318 : After Triumph of neoliberalism the USA gradually and slowly are descending into tribalism due to the loss of jobs, the drug epidemic and sliding] standard of living for majority of population due to wars for the expansion of neoliberal empire and redistribution of wealth up ( Mar 11, 2018 , turcopolier.typepad.com )
- 20180318 : Russia Expels 23 British Diplomats In Retaliation ( Mar 18, 2018 , www.zerohedge.com )
- 20180318 : Sean Hannity's time has come ... (irony) ( Mar 18, 2018 , turcopolier.typepad.com )
- 20180318 : The Skripal anti-Russia hysteria effort is just another step in the US/CIA campaign to interfere with North Streat II ( Mar 18, 2018 , www.moonofalabama.org )
- 20180318 : Demonization of Putin and Russia is in full swing ( Mar 18, 2018 , craigmurray.org.uk )
- 20180318* Powerful intelligence agencies are incompatible with any forms of democracy including the democracy for top one precent. The only possible form of government in this situation is inverted totalitarism ( Jun 28, 2013 , www.theguardian.com ) [Recommended]
- 20180317 : Russian Spy Poisoning Story = Iraq WMD Scam 2.0 ( Mar 17, 2018 , www.zerohedge.com )
- 20180317 : Kremlin Furious After Boris Johnson Accuses Putin Of Murder ( Mar 17, 2018 , www.zerohedge.com )
- 20180317 : How to negotiate directly with physicians and hospitals ( Mar 17, 2018 , www.zerohedge.com )
- 20180317 : Russia Claims US Deploys Warships For Imminent Attack On Syria, Trains Militants For False Flag Attack Zero Hedge ( Mar 17, 2018 , www.zerohedge.com )
- 20180317 : Ex-FBI Asst. Director Says Upcoming Inspector General Report Is Pure TNT Zero Hedge ( Mar 17, 2018 , www.zerohedge.com )
- 20180316 : Skripal murder also is about bankrupting Russia and trying to get European nations to turn the Russian gas tap off ( Mar 16, 2018 , www.zerohedge.com )
- 20180316 : Sessions Fires McCabe From FBI One Day Before Retirement ( Mar 16, 2018 , www.zerohedge.com )
- 20180316 : Maybe he lacks education ( Mar 16, 2018 , www.zerohedge.com )
- 20180316 : The rumor is widespread that DJT is seriously thinking of making Ambassador John Bolton his National Security Adviser ( via recess appointment) ( Mar 16, 2018 , turcopolier.typepad.com )
- 20180316 : Pompeo is seen as moderate towards Russia but as a hawk regarding Iran. The British noise about the alleged nerve gas agent is then nothing more but another attempt to force Washingtons s hand to increase hostility towards Russia. ( Mar 16, 2018 , turcopolier.typepad.com )
- 20180315 : One strong indication that Skripal case is used for a preplanned propaganda campaign against Russia that specialists in the UK who know their stuff no longer get airtime while people like Luke Harding, who plainly don t, are all over the media ( Mar 15, 2018 , turcopolier.typepad.com )
- 20180315 : it is possible that Clinton mafia is a player in the Skripal story: 'BuzzFeed' and Christopher Steele face very serious lawsuits relating to the 'dossier' ( Mar 15, 2018 , turcopolier.typepad.com )
- 20180315 : The UK will promptly expel 23 Russian diplomats without waiting for the end of the investigation ( Mar 14, 2018 , turcopolier.typepad.com )
- 20180315 : If your country becomes a haven for dodgy people, like Berezovsky, then dodgy things are likely to happen. ( Mar 14, 2018 , turcopolier.typepad.com )
- 20180315 : The USA is on board, Niki Hailey says they will be using nerve agents in New York if we don't deal with the Russians. ( Mar 15, 2018 , turcopolier.typepad.com )
- 20180315 : Even if Novichok exists, it seems unlikely that it was used here. It more and more looks like Iraq WDM scam. That strengthes the hypothesis that this was a false flag operation, a replay on Litvinenko murder ( Mar 15, 2018 , turcopolier.typepad.com )
- 20180315 : Another aspect of the British Operation Skripal provocation might be the Nord Stream gas pipeline from Russia to Germany ( Mar 15, 2018 , turcopolier.typepad.com )
- 20180315 : It seems Russia has managed to get revenge for actions that targeted its assets in Syria (I read an article that suggests the E. Ghouta push is hitting also US SF advisors) but they do not brag about it on twitter. ( Mar 15, 2018 , turcopolier.typepad.com )
- 20180315 : The U.S. foreign policy elite still wants the Middle East for its oil and its strategic location ( Mar 15, 2018 , turcopolier.typepad.com )
- 20180315 : Pressure from Israel and the Lobby was not the only factor behind the decision to attack Iraq in March 2003, but it was critica ( Mar 15, 2018 , turcopolier.typepad.com )
- 20180315 : Latter Day America: The 911 myth is the basis for all US foreign policy. ( Mar 14, 2018 , www.zerohedge.com )
- 20180315 : Donny boy sure has a strange way of "draining the swamp." ( Mar 14, 2018 , www.zerohedge.com )
- 20180315 : Mattis is as dangerous warmonger as McMaster ( Mar 15, 2018 , turcopolier.typepad.com )
- 20180314 : Washington policies as the result of a monumental unconscious group-think based on individual self interest ( Mar 14, 2018 , turcopolier.typepad.com )
- 20180314 : No British outlet will work in Russia if London shuts down RT ( Mar 14, 2018 , turcopolier.typepad.com )
- 20180314 : Over in GB, Theresa May lays down a 24 hr ultimatum: does this idiot know what an ultimatum is and what it means and where it leads? August 1914? ( Mar 14, 2018 , turcopolier.typepad.com )
- 20180314 : Sound Familiar? Home Flipping In The US Hits 11-Year High ( Mar 14, 2018 , www.zerohedge.com )
- 20180314 : If Putin is so diabolical and his information operations so elegant and effective he should execute one that breaks the chain of zionist influence on the US polity. That would prevent Armageddon and the world would be thankful. ( Mar 14, 2018 , turcopolier.typepad.com )
- 20180314 : Pompeo strikes me as a Narcissist and pro-Israel lobbist ( Mar 14, 2018 , turcopolier.typepad.com )
- 20180314 : Latter Day America ( Mar 14, 2018 , www.zerohedge.com )
- 20180314 : Indeed, apparently these heroes (and their leaders) needed to be protected from that odd and unpleasant "liberal game" called 'prosecution for crimes'. ( Mar 14, 2018 , turcopolier.typepad.com )
- 20180314 : "Never corner your opponent" to the point where they turn back and bite. ( Mar 14, 2018 , turcopolier.typepad.com )
- 20180314 : Pat Buchanan was mostly right when he said that our U.S Congress is Israeli occupied territory ( Mar 14, 2018 , turcopolier.typepad.com )
- 20180314 : I note that the Russian threat came not from the Pres or the Prime Minister, or the FM. It came from the CDS. I think the orders for Russian air defense staff in Syria have been cut; shoot on launch. The Russians seem sure the attack will be on Damascus, in response to an imagined gas attack in East Ghouta. So probably air launched cruise missiles. ( Mar 14, 2018 , turcopolier.typepad.com )
- 20180314 : I cannot see how the US de-escalates if a US carrier group is sunk. Winds of 1914 indeed. Perhaps after a few metropolitan areas are nuked in each country (and probably someone glasses the chosen people's country, Israel) saner minds in the US will pull back. Or not. ( Mar 14, 2018 , turcopolier.typepad.com )
- 20180314 : Rumor has it that Trump is looking for an excuse to launch an attack on Syria which will be "bigger" than the last one, and apparently Ghouta and alleged "chlorine attacks" will be the excuse. ( Mar 14, 2018 , turcopolier.typepad.com )
- 20180314 : For WP editors, a victory for legal army of Syria in their own country' is defying the INTERNATIONAL order ( Mar 14, 2018 , turcopolier.typepad.com )
- 20180314 : Military Contractors have 400 lobbyists, revolving doors with military officers and civilian officials, jobs in congressional districts; plus, corporations and their employees contribute to election campaigns. Most importantly, they are part of the connected elite. ( Mar 14, 2018 , turcopolier.typepad.com )
- 20180313 : The transition of Pompeo from CIA to the State Department is a logical step as both are intelligence agencies serving global neoliberal empire, not the USA as a country ( Mar 13, 2018 , www.theguardian.com )
- 20180313 : China replaced the USA in russianenergy market ( Mar 13, 2018 , www.moonofalabama.org )
- 20180313 : I think that Pompeo's nomination and his eventual confirmation brings the world closer to a US-Russia war ( Mar 13, 2018 , turcopolier.typepad.com )
- 20180313 : England being ruled by City of London banksters, and this also applies to US with particularly the deep connections between CIA and financial institutions of all types ( Mar 13, 2018 , www.moonofalabama.org )
- 20180313 : Sic Semper Tyrannis HARPER WHAT IS DRIVING THE NEW PUSH FOR AUMF ( Mar 13, 2018 , turcopolier.typepad.com )
- 20180312 : Intensifying punishments for the general public yet simultaneously nowhere to be found when it comes to prosecuting those who commit crimes involving high level officials corruption and abuse of power, especially by the financial sector ( Mar 12, 2018 , www.nakedcapitalism.com )
- 20180312 : Why vote for a fake Republican when you can vote for a real one: Meet the Democrats' 'Dirty Dozen' Working to Gut Financial Reforms ( Mar 12, 2018 , www.nakedcapitalism.com )
- 20180312* There is no democracy without economic democracy by Jason Hirthler ( turcopolier.typepad.com ) [Recommended]
- 20180312* Colonizing the Western Mind using think tanks ( Mar 12, 2018 , www.counterpunch.org ) [Recommended]
- 20180311* Washington s Century-long War on Russia by Mike Whitney ( www.nakedcapitalism.com ) [Recommended]
- 20180311* I often think that, a the machinery of surveillance and repression becomes so well oiled and refined, the ruling oligarchs will soon stop even paying lip service to 'American workers', or the "American middle class" and go full authoritarian ( Mar 11, 2018 , turcopolier.typepad.com ) [Recommended]
- 20180311 : Bernie Sanders: the only voice of resistance against the Wall Street mafia ( thebaffler.com )
- 20180311 : Inverted Totalitarianism by Sheldon Wolin ( Mar 11, 2018 , www.thenation.com )
- 20180310 : Chuck Schumer Admits He Puts Wall St. Before Voters! ( Mar 10, 2018 , www.unz.com )
- 20180309 : Is US Energy Dominance Overhyped Top Experts Doubts Claims About Future Net Energy Exports naked capitalism ( Mar 09, 2018 , www.nakedcapitalism.com )
- 20180309 : Ukraine begins seizure of Russian energy giant Gazprom's assets, citing Stockholm court decision -- RT Business News ( Mar 09, 2018 , www.rt.com )
- 20180308 : Kleptocracy the most typical form of corruption under neoliberalism, where the government exists to increase the personal wealth and political power of its officials and the financial oligarchy at the expense of the wider population, now even without pretense of honest service ( Mar 01, 2018 , turcopolier.typepad.com )
- 20180308 : The Iron Law of Oligarchy and the Iron Law of Institutions. ( Mar 02, 2018 , turcopolier.typepad.com )
- 20180307 : The element of trust , critical for fiat money stability, seems to be going the way of the dodo. ( Mar 07, 2018 , www.moonofalabama.org )
- 20180307 : Jeffrey Sachs on Trump's Trade Fallacies ( Mar 07, 2018 , angrybearblog.com )
- 20180307 : The maximum monthly social security benefit is $3,538. caught my eye, though ( Mar 07, 2018 , www.unz.com )
- 20180306 : The U.S. Is a Failed State ( Mar 06, 2018 , www.globalresearch.ca )
- 20180306 : The Us steel industry problems are systemin in nature; tariffs are just band aid, more is needed to be done to revive this industry ( Mar 06, 2018 , www.moonofalabama.org )
- 20180305 : How Did Communist China Become a Capitalist Superpower ( Mar 05, 2018 , therealnews.com )
- 20180304 : Ukraine Freezes After Russia Halts Gas Deliveries ( Mar 04, 2018 , www.zerohedge.com )
- 20180304 : JPM Is Suddenly Worried That Retail Investors Are No Longer Buying The F**king Dip ( Mar 04, 2018 , www.zerohedge.com )
- 20180304 : Guest Contribution "The February Stock Market Correction" Econbrowser ( Mar 04, 2018 , econbrowser.com )
- 20180303 : Shocking EU Reforms Ukraine's public debt doubles in 4 years, while personal incomes halve ( Mar 03, 2018 , www.fort-russ.com )
- 20180303 : Strange science, economics. Judging from the titles, much of it consists of neoliberal cheerleading ( Mar 03, 2018 , www.nakedcapitalism.com )
- 20180303 : Colonizing the Western Mind ( Mar 03, 2018 , www.counterpunch.org )
- 20180302* The main reason much of the highest echelons of American power are united against Trump might be that they're terrified that -- unlike Obama -- he's a really bad salesman for the US led neoliberal empire. This threatens the continuance of their well oiled and exceedingly corrupt gravy train ( Mar 02, 2018 , turcopolier.typepad.com ) [Recommended]
- 20180302* Fatal Delusions of Western Man by Pat Buchanan ( Mar 02, 2018 , www.unz.com ) [Recommended]
- 20180302 : Trump_vs_deep_state as bastard neoliberalism vs classic neoliberalism ( Dec 27, 2016 , economistsview.typepad.com )
- 20180301 : This is why economic policy cannot not be decided by popular opinion. A typical US voter is ignorant about economics and government finance. A typical US voter doesn t want responsibility for these decisions anyway. He would rather let someone else (some authority figure) make these choices for him, no matter how disastrous and against his interest that can be ( Mar 01, 2018 , www.unz.com )
- 20180301 : Shale 2.0 Is There a Geopolitical Dark Side ( Mar 01, 2018 , nationalinterest.org )
- 20180301 : The USA is far less socially and culturally cohesive than it were back in days of Color War with Soviets ( Mar 01, 2018 , www.unz.com )
- 20180301 : Disordering the World: the Rise of Neo-Liberalism by Michael Welton ( Mar 01, 2018 , www.counterpunch.org )
- 20180301 : The idea of success at any cost, trampling on other people, has always been popular in the United States ( Mar 01, 2018 , www.unz.com )
- 20180225* Democracies are political systems in which the real ruling elites hide behind an utterly fake appearance of people power ( Feb 25, 2018 , www.unz.com ) [Recommended]
- 20180225 : Lawyers For The DNC Argue That Primary Rigging Is Protected By The First Amendment ( Feb 25, 2018 , www.zerohedge.com )
- 20180225 : The neoliberal "methodology" for "showing economic success" is propaganda masquerading as "science". So they sell Latvia as a poster child of austerity, true neoliberal market miracle. In reality it is a hot bed of curruption and deindustrialization ( Feb 25, 2018 , www.nakedcapitalism.com )
- 20180225 : Well, sure: 2018 certainly has an "end of expansion" vibe to it (at least with respect to the US) the whiff of inflation, rising rates, a weaker dollar, ultra-low (or negative) savings rates, overvalued markets ripe for correction. ( Feb 05, 2018 , discussion.theguardian.com )
- 20180225 : Looks like it is a time of the next financial crisis as approximate period might well be around 12 years from the past ( Feb 06, 2018 , discussion.theguardian.com )
- 20180224 : A Kennedy-Reagan-Trump Fiscal Policy ( Feb 24, 2018 , angrybearblog.com )
- 20180223 : What Is The Right Price For Oil In A Balanced Market OilPrice.com ( Feb 23, 2018 , oilprice.com )
- 20180223 : At 100 plus dollar per barrel shale oil might work. Just a big risk. ( Feb 23, 2018 , peakoilbarrel.com )
- 20180223 : U.S. Vastly Overstates Oil Output Forecasts, MIT Study Suggests ( Feb 23, 2018 , peakoilbarrel.com )
- 20180222 : Art Cashin 3-percent level on 10-Year is like touching t... ( Feb 22, 2018 , finance.yahoo.com )
- 20180222 : Neoliberals now view Russophobia as the cement to fix cracks in the neoliberal societies ( Feb 22, 2018 , consortiumnews.com )
- 20180220* For the life of me I cannot figure why Americans want a war/conflict with Russia ( Feb 20, 2018 , www.moonofalabama.org ) [Recommended]
- 20180219 : Poland opposes Nord Stream 2 - plans to build own pipeline - Fort Russ ( Feb 19, 2018 , www.fort-russ.com )
- 20180219 : 10-Year yield up 110%, is a peak in play ( Feb 19, 2018 , www.zerohedge.com )
- 20180219 : What you need to know for the week ahead by Myles Udland ( Feb 19, 2018 , finance.yahoo.com )
- 20180219 : The Free Market Threat to Democracy by John Weeks ( Feb 17, 2018 , www.nakedcapitalism.com )
- 20180219* Russian Meddling Was a Drop in an Ocean of American-made Discord by AMANDA TAUB and MAX FISHER ( Feb 18, 2018 , www.nytimes.com ) [Recommended]
- 20180219 : Trundling to Trade War Econbrowser ( Feb 19, 2018 , econbrowser.com )
- 20180218 : Unfortunately, These Atrocities Aren't Going to Stop by Patrick J. Buchanan ( Feb 18, 2018 , www.theamericanconservative.com )
- 20180218 : In Raging Tweetstorm, Trump Says Russians Laughing Their Asses Off, Mocks Leakin' Monster Schiff Zero Hedge ( Feb 18, 2018 , www.zerohedge.com )
- 20180217 : Russia condemned and defined as the enemy of America with laughably little evidence (effing Facebook posts being about the extent of it) .... not a word about JEWISH MONEY controlling the entire political system in the USA. When Netanyahu gets 29 standing ovations from Congress should that not have triggered an FBI Investigation ( Feb 17, 2018 , theduran.com )
- 20180217 : If is difficult to time financial market ( Feb 17, 2018 , discussion.theguardian.com )
- 20180217 : Imperialism with a human face International Socialist Review ( Feb 17, 2018 , isreview.org )
- 20180217 : The far right's idea man by Charles Koch. ( Feb 17, 2018 , isreview.org )
- 20180217 : Angry Bear Drastically Changing the Rules On Infrastructure Spending by Barkley Rosser ( Feb 14, 2018 , angrybearblog.com )
- 20180216 : The Pathetic Inadequacy of the Trump Opposition The American Conservative by Paul Brian ( Feb 16, 2018 , www.theamericanconservative.com )
- 20180216 : The Deep State Is Very Real by Robert W. Merry ( Feb 16, 2018 , nationalinterest.org )
- 20180216 : Stephanie Savell The Hidden Costs of America's Wars by Tom Engelhardt ( Feb 16, 2018 , www.unz.com )
- 20180215 : The oligarchy's desire to turn the clock back to 'the good old days' knows no bounds -- they want it all and they want it know; they're absolute ideal state for all us ordinary types would be a return to feudalism, so I guess bringing back slavery, all be it with a shiny new coat of point, is pretty much to be expected... ( Feb 15, 2018 , www.moonofalabama.org )
- 20180215 : Financial Markets Have Taken Over the Economy. To Prevent Another Crisis, They Must Be Brought to Heel. naked capitalism ( Feb 15, 2018 , www.nakedcapitalism.com )
- 20180214 : UKRAINE'S NADRA YUZIVSKA AND SHELL ENTERED INTO SHALE GAS PRODUCTION PSA ( Jan 24, 2013 , oilmarket-magazine.com )
- 20180214* The FBI and the President – Mutual Manipulation by James Petras ( Feb 09, 2018 , www.unz.com ) [Recommended]
- 20180211* How Russiagate fiasco destroys Kremlin moderates, accelerating danger for a hot war ( Feb 06, 2018 , failedevolution.blogspot.gr ) [Recommended]
- 20180211* The Bankruptcy of the American Left by Chris Hedges ( Feb 05, 2018 , www.truthdig.com ) [Recommended]
- 20180211 : Why legendary investor Jim Rogers anticipates a catastrophic bear market 'within our lifetime' ( Feb 11, 2018 , theduran.com )
- 20180211 : Social psychologists have long talked about how emotional manipulation can work effectively to snooker a large percentage of the population, to get them, at least temporarily, to believe the exact opposite of the facts ( Feb 09, 2018 , consortiumnews.com )
- 20180211 : Higher interest rates can tip the housing market, Yale's Shiller warns ( Feb 11, 2018 , finance.yahoo.com )
- 20180211 : This Is Where They Completely Lost Their Minds" - Hussman Zero Hedge Zero Hedge ( Feb 11, 2018 , www.zerohedge.com )
- 20180211 : Paul Tudor Jones I'd rather be holding hot coal than U.S. Treasury bonds ( Feb 11, 2018 , finance.yahoo.com )
- 20180211 : Justice department's No 3 official to take Walmart's top legal job ( Feb 11, 2018 , www.theguardian.com )
- 20180211 : So the neolibs are acting like deficit hawks just to show up the raging hypocrisy of the Republicans? Gimme a break. ( Feb 11, 2018 , www.theguardian.com )
- 20180210* The generals are not Borgists. They are something worse ... ( Feb 10, 2018 , turcopolier.typepad.com ) [Recommended]
- 20180210 : The Trump stimulus isn't as big as the Obama stimulus of 2009 through 2011, which most Republican senators and congressmen vigorously opposed. T ( Feb 10, 2018 , turcopolier.typepad.com )
- 20180210 : American Think Tanks Are Hired Purveyors of Fake News by Paul Craig Roberts ( Feb 10, 2018 , www.unz.com )
- 20180210* More on neoliberal newspeak of US propaganda machine ( Feb 10, 2018 , consortiumnews.com ) [Recommended]
- 20180209 : Economists data and models are so unreliable that they should be viewed more of a religious studies than natural science ( Feb 09, 2018 , economistsview.typepad.com )
- 20180208 : Paul Krugman Has Trumphoria Finally Hit a Wall ( Feb 08, 2018 , economistsview.typepad.com )
- 20180208 : I certainly noticed that the market incurred an enormous rise in the first month of 2018, and anyone would have expected a correction, perhaps one less spectacular. ( Feb 06, 2018 , economistsview.typepad.com )
- 20180208 : Market cap is not wealth ( Feb 08, 2018 , economistsview.typepad.com )
- 20180208 : What will the stock market do next by Vitaliy Katsenelson ( Feb 06, 2018 , www.zerohedge.com )
- 20180208 : We are all victims of the pernicious 24/7 scientifically-designed propaganda apparatus ( Feb 08, 2018 , consortiumnews.com )
- 20180207 : The Risks to America's Booming Economy by Martin Feldstein by Martin Feldstein ( Mar 29, 2017 , www.project-syndicate.org )
- 20180207 : BREAKING Dow Jones Record Plunge! Here's Why ( Feb 07, 2018 , www.youtube.com )
- 20180207 : Epochal Stock Market Flash Crash Reconnects Stocks and Bonds, Portends End of Fake Recovery ( Feb 07, 2018 , www.zerohedge.com )
- 20180207 : Is the Stock Market Loaded for Bear by Dambisa Moyo ( Feb 07, 2018 , www.project-syndicate.org )
- 20180207 : Steve Keen Why Did It Take So Long For This Crash To Happen ( Feb 07, 2018 , www.zerohedge.com )
- 20180207 : I wonder if there is a parallel with what happened in the US were deregulation in lending (credit card and mortgage) in the late sixties and early seventies (after we fully went off the gold standard) created the greatest debt bubble known. That took about 40 years to finally pop with the Global Financial Crisis. ( Feb 07, 2018 , www.nakedcapitalism.com )
- 20180207 : Mr. Market Has a Meltdown naked capitalism ( Feb 07, 2018 , www.nakedcapitalism.com )
- 20180206 : The thing I find hilarious is that everyone was shocked that Trump got elected and we talk endlessly of how do people vote against their interests. But to me, Trump is just Reagan in another form. Same propaganda - different suit. History does repeat itself - particularly in how people still believe the same old lies told by those who adore the stock market. ( Feb 06, 2018 , discussion.theguardian.com )
- 20180206 : Couple of articles worth reading: ( Feb 06, 2018 , discussion.theguardian.com )
- 20180206 : The massive growing US debt is a major world concern that eventually will force a further devaluation of the US currency and increased pressure on China to convert huge bond holdings into 100% ownership of real hard assets, like mines, agricultural processing, real estate, transportation and technology. ( Feb 06, 2018 , discussion.theguardian.com )
- 20180205 : Blockchain: what it is, what it does, and why you probably don't need one by Scott Adams Interest in blockchain is at a fever pitch lately. This is in large part due to the eye-popping price dy... ( Feb 05, 2018 , andolfatto.blogspot.com )
- 20180205 : Link to my past posts on the subject of Bitcoin and Blockchain ( Feb 05, 2018 , andolfatto.blogspot.com )
- 20180205 : Minsky all over again ( Feb 05, 2018 , discussion.theguardian.com )
- 20180205 : Third world shithole at home ( Feb 05, 2018 , discussion.theguardian.com )
- 20180205 : I suspect that in the end the Democrats will lose heart when they really cannot find any Russians under the bed ( Feb 05, 2018 , discussion.theguardian.com )
- 20180205 : Incidentally the way employment stats are compiled in the US if you work 6 hours a week you're considered employed. ( Feb 05, 2018 , discussion.theguardian.com )
- 20180205 : I am not an economist, but the current environment reminds me more of the dotcom. bubble. It began in 2001 and the market tanked in the latter part of 2002 and 2003. This was also a time of not only financial deregulation, the Financial Modernization Act, but also a time of high expectation for the technology sector. Many of the dotcom start-ups failed and technological innovation sometimes takes years to come to fruition. ( Feb 05, 2018 , discussion.theguardian.com )
- 20180205 : US GDP is predicted to show growth of five percent in Q1 2018 ( Feb 05, 2018 , discussion.theguardian.com )
- 20180205 : For the rest of 2018 there will some a lot of whining about a heartless Fed ( Feb 05, 2018 , discussion.theguardian.com )
- 20180205 : Historic CD rates ( Feb 05, 2018 , discussion.theguardian.com )
- 20180205 : I think the real parallel is with the Vlocker shock from 1979 ( Feb 05, 2018 , www.theguardian.com )
- 20180205 : Empires are built on plunder. When there is nothing more to plunder, or it becomes difficult to do so, they decline and collapse. ( Feb 05, 2018 , discussion.theguardian.com )
- 20180205 : Is this the same America where the national minimum wage will remain stuck at shithole levels ( Feb 05, 2018 , discussion.theguardian.com )
- 20180205 : CivilityPlease ( Feb 05, 2018 , profile.theguardian.com )
- 20180205 : The Guardian ( Feb 05, 2018 , www.theguardian.com )
- 20180205 : The Deja vu? It's looking like 1987 again for the US economy by Larry Elliott ( Feb 05, 2018 , www.theguardian.com )
- 20180203 : Kayfabe is the portrayal of staged events within the industry as real or true, specifically the portrayal of competition, rivalries, and relationships between participants as being genuine and not staged. Kayfabe became a code word for maintaining this reality for the general public. ( Feb 03, 2018 , www.zerohedge.com )
- 20180203* JP Morgan Oil Could Hit $78 Within Months ( Feb 03, 2018 , oilprice.com ) [Recommended]
- 20180203 : Whole Foods Becomes Amazon Hell Foods as Employees, Managers Quit, Cry on the Job....and These People Want to Run Your Healthca ( Feb 03, 2018 , www.nakedcapitalism.com )
- 20180203 : But What If He is Not an Idiot by John Atcheson ( Feb 03, 2018 , www.commondreams.org )
- 20180202 : Why Is The Shale Industry Still Not Profitable by Nick Cunningham ( Feb 02, 2018 , oilprice.com )
- 20180202 : Johann Hari on How the Junk Values of Neoliberalism Drive Depression and Anxiety in the US ( Feb 02, 2018 , www.truth-out.org )
- 20180202 : Trump s Financial Arsonists by Nomi Prins ( Feb 02, 2018 , www.unz.com )
- 20180130 : Perfect worker on the cheap by Dan Crawford ( Jan 29, 2018 , angrybearblog.com )
- 20180130 : Why Is The Shale Industry Still Not Profitable ( Jan 30, 2018 , www.nakedcapitalism.com )
- 20180130 : The Dark Side of America's Rise to Oil Superpower ( Jan 30, 2018 , peakoilbarrel.com )
- 20180130 : The one organization at Davos warning about 2019 and beyond is the IMF ( Jan 30, 2018 , peakoilbarrel.com )
- 20180129 : Consumer Confidence Is Lifting the Economy. But for How Much Longer? ( Jan 29, 2018 , www.nytimes.com )
- 20180128 : Every One of the World's Big Economies Is Now Growing ( Jan 28, 2018 , www.nytimes.com )
- 20180128 : The United States sees the planned Nord Stream 2 gas pipeline between Russia and Germany as a threat to Europe's energy security ( Jan 28, 2018 , www.moonofalabama.org )
- 20180122 : German Imperialism as a tool of the "Kingdom of Money" by Thomas Fazi ( Jan 21, 2018 , www.defenddemocracy.press )
- 20180121 : Wells that they drilled last year will produce the biggest rates of decline, well over 50 percent. So, how many wells would need to be completed to increase production over a million barrels in 2018? ( Jan 21, 2018 , peakoilbarrel.com )
- 20180121 : "frack cocaine" and oil price swings ( Jan 20, 2018 , peakoilbarrel.com )
- 20180121 : Possible Seneca cliff of oil production due to technological enhancements of extraction of oil from depleting fields. And first of all KSA ( Jan 19, 2018 , peakoilbarrel.com )
- 20180120 : Tanker With Russian Gas for Boston Makes Mid-Atlantic U-Turn by Elena Mazneva & Anna Shiryaevskaya ( Jan 19, 2016 , www.bloomberg.com )
- 20180116 : Interview with Jamie Galbraith by Dan Crawford ( Jan 15, 2018 , angrybearblog.com )
- 20180116 : GOM oil and gas production in decline from now on ( Jan 16, 2018 , peakoilbarrel.com )
- 20180114 : Neoliberalism betrayed its promises ( Jan 14, 2018 , www.nytimes.com )
- 20180114 : Trump Stumped As Bannon-Backed Roy Moore Wins Alabama Republican Primary By Landslide ( Sep 27, 2017 , www.zerohedge.com )
- 20180114 : Liberalism and neoliberalism are quite opposite ideologies. Liberalism is closer to the now abandoned New Deal capitalism, then to neoliberalism ( Jan 14, 2018 , www.theamericanconservative.com )
- 20180114 : The moment of US failure (the financial tsunami from the accumulated fixing and rigging of absolutely all "markets") is hard to predict, but I would give it more than three remaining years ( Jan 14, 2018 , www.unz.com )
- 20180113 : Surging Russian-Chinese Trade Pressures Petrodollar ( Jan 13, 2018 , www.zerohedge.com )
- 20180113 : Is There a Pathological Obsession with Hillary Clinton Amongst Hillary Haters ( Jan 13, 2018 , ronpaulinstitute.org )
- 20180112 : >When Your Bank Fails, Don't Walk Run! ( Jan 12, 2018 , dissidentvoice.org )
- 20180111 : 3 Million Barrels Per Day Could Go Offline In 2018 OilPrice.com ( Jan 11, 2018 , oilprice.com )
- 20180111 : 5 Oil Market Myths In 2018 OilPrice.com ( Jan 11, 2018 , oilprice.com )
- 20180109 : There has been talk of higher interest rates for 10 yrs. ( Jan 09, 2018 , peakoilbarrel.com )
- 20180109 : Oil prices are volatile because of the fiscally irresponsible, short investment nature of the shale oil industry and offshore development takes years and years to bring to market ( Jan 09, 2018 , peakoilbarrel.com )
- 20180109 : Oil rises above $68 to highest since May 2015 on tighter market ( Jan 09, 2018 , www.reuters.com )
- 20180109 : Neocon power in Big Government is directly connected to neocon media access and neocon media visibility ( Jan 09, 2018 , www.unz.com )
- 20180108 : To what extent shale companies are just prostitutes of Wall Street and to what extent they are independent oil production companies? ( Jan 08, 2018 , peakoilbarrel.com )
- 20180108 : Oil will take a much higher price to get any bids for the NS and for the GOM ( Jan 08, 2018 , peakoilbarrel.com )
- 20180107 : Neoliberal MSM want to control the narrative ( Jan 30, 2017 , economistsview.typepad.com )
- 20180106 : Crash or no crash musings ( Jan 04, 2018 , turcopolier.typepad.com )
- 20180106 : Selling Out Argentina's Future -- Again by lan Cibils ( Jan 05, 2018 , www.nakedcapitalism.com )
- 20180106 : Selling Out Argentina's Future -- Again naked capitalism ( Jan 06, 2018 , www.nakedcapitalism.com )
- 20180105 : Oil And Gas Run Low As East Coast Sees Record Snowfall ( Jan 05, 2018 , oilprice.com )
- 20180105 : What Is Keeping Oil From Breaking $70 by Nick Cunningham ( Jan 05, 2018 , oilprice.com )
- 20180105 : Trump the Eradicator, by Eric Margolis - The Unz Review ( Jan 05, 2018 , www.unz.com )
- 20180103 : Oil production in the USA remains flat ( Dec 29, 2017 , peakoilbarrel.com )
- 20180103 : WTI might reach $90 in 2018 ( Dec 31, 2017 , peakoilbarrel.com )
- 20180103 : WaPo propaganda ( Jan 02, 2018 , peakoilbarrel.com )
- 20180103 : No major discoveries in 2017 ( Dec 21, 2017 , peakoilbarrel.com )
- 20180103 : Possibible commection between oil prices and the US trade deficit. ( Jan 03, 2018 , peakoilbarrel.com )
- 20180103 : Is fracking gas production in the USA is sustainable, or this is yet another "subprime" bubble? ( Jan 03, 2018 , www.nakedcapitalism.com )
- 20180103 : I think the only appetite for US LNG comes from the more anti-Russian eastern European countries such as Poland, which hates dependency on Russian gas. ( Jan 03, 2018 , www.nakedcapitalism.com )
- 20180103 : Momentous Change in US Natural Gas, with Global Impact ( Jan 03, 2018 , www.nakedcapitalism.com )
- 20180103 : Pope Francis Only Those Who 'Acknowledge Their Faults' Receive Forgiveness ( Jan 03, 2018 , www.breitbart.com )
- 20180103 : If global oil demand increases by around 1.5mbld as it has done over the last few years then $90 + oil is very possible in 2018. Obviously it also depends on how strongly US tight oil grows and what OPEC will do. ( Jan 03, 2018 , peakoilbarrel.com )
- 20180103 : Quick rump up of oil production is impossible. There will no the second shale revolution in the current range of oil prices, or may be ever ( Jan 03, 2018 , peakoilbarrel.com )
- 20180102* Who Is the Real Enemy by Philip Giraldi ( Jul 11, 2017 , www.unz.com ) [Recommended]
- 20180102 : Hillary Clinton and neoLiberal American Exceptionalism ( Jan 05, 2017 , economistsview.typepad.com )
- 20180101 : shocktherapy ( Jan 01, 2018 , www.zerohedge.com )
- 20171231* Is [neo]Liberalism a Dying Faith by Pat Buchanan ( Oct 01, 2002 , www.unz.com ) [Recommended]
- 20171231* Truth-Killing as a Meta-Issue ( May 05, 2017 , nationalinterest.org ) [Recommended]
- 20171230 : The Gas Fight Between Ukraine and Russia is Finally Settled - Who Really Won ( Dec 30, 2017 , russia-insider.com )
- 20171230 : The Gas Fight Between Ukraine and Russia is Finally Settled - Who Really Won ( Dec 30, 2017 , russia-insider.com )
- 20171229 : As former CIA Director William Casey allegedly once said: "We'll know our disinformation program is complete when everything the American public believes is false." ( Dec 29, 2017 , www.moonofalabama.org )
- 20171226* Evangelii Gaudium Apostolic Exhortation on the Proclamation of the Gospel in Today's World (24 November 2013) ( Nov 23, 2013 , w2.vatican.va ) [Recommended]
- 20171226* Pope Francis denounces trickle-down economics by Aaron Blake ( Nov 26, 2013 , www.washingtonpost.com ) [Recommended]
- 20171226 : Angry Bear " Why Would Anybody Invest When Capacity Utilization is This Low ( Dec 26, 2017 , angrybearblog.com )
- 20171226 : BotCoin: Bitcoins are pure speculative assets which enable people to gamble. by Robert Waldmann ( Dec 25, 2017 , angrybearblog.com )
- 20171226 : What is the GOP goal A return to the "gilded age" (or worse) by Linda Beale ( Dec 26, 2017 , angrybearblog.com )
- 20171225 : The USA as neocons occupied country ( Apr 28, 2017 , economistsview.typepad.com )
- 20171225 : American Carnage by Brad Griffin ( Dec 24, 2017 , www.unz.com )
- 20171225 : Ukraine loses gas dispute to Russia; ordered to pay $2 billion to Gazprom by by Alexander Mercouris ( Dec 25, 2017 , theduran.com )
- 20171223 : Debunking Mainstream Economists on Secular Stagnation and the Loanable Funds Fallacy by Servaas Storm ( Dec 22, 2017 , www.nakedcapitalism.com )
- 20171223 : IMF demands that the price of gas be raised for Ukrainians ( Dec 23, 2017 , rusnewstoday24.ru )
- 20171223 : Court stopped supply of gas from Slovakia to Ukraine ( Dec 23, 2017 , marknesop.wordpress.com )
- 20171223 : Gazprom has responded to Naftogaz's statements about victory in court ( Dec 23, 2017 , marknesop.wordpress.com )
- 20171223 : Russia pipeline is investment risk, EU commissioner warns ( Dec 23, 2017 , marknesop.wordpress.com )
- 20171223 : The Saudi 'Cakewalk' Into Iran The American Conservative ( Dec 23, 2017 , www.theamericanconservative.com )
- 20171223 : He Died for Our Debt, Not Our Sins by Michael Hudson ( Dec 23, 2017 , www.nakedcapitalism.com )
- 20171222* Beyond Cynicism America Fumbles Towards Kafka s Castle by James Howard Kunstler ( Dec 12, 2017 , www.theamericanconservative.com ) [Recommended]
- 20171222 : David Stockman estimates that front-loaded tax cuts will produce a federal deficit of about $1.3 trillion in fiscal year 2019 ( Dec 22, 2017 , www.nakedcapitalism.com )
- 20171222 : Latin America The Pendulum Swings to the Right, by James Petras ( Dec 22, 2017 , www.unz.com )
- 20171220 : Bill Black DSGE Dilettantes v. ADM God Devotees ( Dec 20, 2017 , www.nakedcapitalism.com )
- 20171219* Do not Underestimate the Power of Microfoundations ( Apr 04, 2015 , Economist's View ) [Recommended]
- 20171219 : Mark Ames Kathy Lally Was Caught Trying To Censor Journalism In Russia and Now Deceitfully Claims She's a Victim ( Dec 19, 2017 , www.nakedcapitalism.com )
- 20171219 : The Beginning Of The End For Norwegian Oil by Viktor Katona ( Dec 18, 2017 , oilprice.com )
- 20171218 : Small business is more of a trap then opportunity ( Oct 20, 2016 , economistsview.typepad.com )
- 20171218 : Gaius Publius: Explosive WikiLeaks Release Exposes Massive, Aggressive CIA Cyber Spying, Hacking Capability ( Mar 09, 2017 , www.nakedcapitalism.com )
- 20171218 : The GOP Tax Bill Disses the Working Class by Linda Beale ( Dec 18, 2017 , angrybearblog.com )
- 20171216 : IEA Dashes Bullish Sentiment In Oil OilPrice.com ( Dec 16, 2017 , oilprice.com )
- 20171216 : Is The Oil Glut Set To Return ( Dec 16, 2017 , www.nakedcapitalism.com )
- 20171216 : Brexit, Trump, and the Dangers of Global 'Jihad' HuffPost by Ben Railton ( Dec 11, 2017 , www.huffingtonpost.com )
- 20171216 : Neoliberalism, the Revolution in Reverse by Chris Lehmann ( Jan 01, 2014 , thebaffler.com )
- 20171215* Rise and Decline of the Welfare State, by James Petras ( Dec 13, 2017 , www.unz.com ) [Recommended]
- 20171215 : Neoliberalism undermines workers health not only via the financial consequences of un/under employment and low wages, but also through chronic exposure to stress due to insecurity ( Dec 12, 2017 , www.nakedcapitalism.com )
- 20171215 : The underlying problem of Trump vs. Hillary choice is the problem of the degradation of the US elite, a slide to gerontocracy which reminds me the deterioration of Soviet elite. At this point people do not respect their leaders. Much like was the case in the USSR after 1960 ( Dec 09, 2017 , www.zerohedge.com )
- 20171215 : The Crisis Ahead The U.S. Is No Country for Older Men and Women ( Dec 14, 2017 , www.nakedcapitalism.com )
- 20171214* The 1970's was in many ways the watershed decade for the neoliberal transformation of the American economy and society ( Dec 14, 2017 , www.unz.com ) [Recommended]
- 20171214 : Tech Giants Trying to Use WTO to Colonize Emerging Economies ( Dec 14, 2017 , www.nakedcapitalism.com )
- 20171214 : In defence of the labour theory of value ( Dec 11, 2017 , stumblingandmumbling.typepad.com )
- 20171213 : A stunning 33% of job seekers ages 55 and older are long-term unemployed, according to the AARP Public Policy Institute ( Dec 13, 2017 , www.nakedcapitalism.com )
- 20171213 : Stress of long-term unemployment takes a toll on thousands of Jerseyans who are out of work by Leslie Kwoh ( Jun 13, 2010 , www.nj.com )
- 20171213 : Unemployment health hazard and stress ( Dec 13, 2017 , www.cvtips.com )
- 20171213 : Being homeless is better than working for Amazon by Nichole Gracely ( Nov 28, 2014 , theguardian.com )
- 20171212* When a weaker neoliberal state fights the dominant neoliberal state, the center of neoliberal empire, it faces economic sanctions and can t retaliate using principle eye for eye ( Jul 30, 2014 , marknesop.wordpress.com ) [Recommended]
- 20171212* Thoughts on Neoconservatism and Neoliberalism by Hugh ( Aug 19, 2012 , Corrente ) [Recommended]
- 20171212* Who can control the post-superpower capitalist world order? by Slavoj Žižek ( May 06, 2014 , The Guardian ) [Recommended]
- 20171212 : Can Uber Ever Deliver Part Eleven Annual Uber Losses Now Approaching $5 Billion ( Dec 12, 2017 , www.nakedcapitalism.com )
- 20171212 : The IMF and the WORLD BANK Puppets of the Neoliberal Onslaught ( Dec 12, 2017 , www.mit.edu )
- 20171212 : Henry Giroux on Resisting the Neoliberal Revolution ( Dec 12, 2017 , billmoyers.com )
- 20171212 : The neoliberal revolution by Sean Michael Butler ( Dec 12, 2017 , seanmichaelbutler.wordpress.com )
- 20171212 : The end of neoliberalism ( Dec 12, 2017 , www.weforum.org )
- 20171211 : The Neoliberal Revolution by Scott Sumner ( Feb 01, 2013 , reason.com )
- 20171211 : I am not saying Trump is a closet atheist, but he is no evangelical ( Apr 19, 2017 , www.nakedcapitalism.com )
- 20171211 : Religion has de-legitimized itself with its hypocrisy ( Apr 18, 2017 , www.nakedcapitalism.com )
- 20171210* blamePutin continues to be the media s dominant hashtag. Vladimir Putin finally confesses his entire responsibility for everything bad that has ever happened since the beginning of time ( Dec 10, 2017 , off-guardian.org ) [Recommended]
- 20171210* Russia-gate s Reach into Journalism by Dennis J Bernstein ( Dec 10, 2017 , www.facebook.com ) [Recommended]
- 20171210 : Neoliberlaism is barbarism ( Dec 10, 2017 , www.defenddemocracy.press )
- 20171209 : MIT Professor Angrist Publishes Obviously Misleading Analysis of Uber Driver Economics....With Uber Chief Economist as Co-Autho ( Dec 09, 2017 , www.nakedcapitalism.com )
- 20171209 : November Jobs Report: good month, same caveats ( Dec 09, 2017 , bonddad.blogspot.com )
- 20171209 : Germany experts study if Trump tax reforms will violate the German/US friendship treaty from the 1950s -- a hostile act, providing an unfair advantage for American companies ( Dec 09, 2017 , www.zerohedge.com )
- 20171209 : China, Saudi Arabia, and the US by James Petras ( Dec 09, 2017 , www.unz.com )
- 20171209 : America's Broken System by J. Bradford DeLong ( Dec 09, 2017 , www.project-syndicate.org )
- 20171208 : Republican 'Deficit Hawks' ( Dec 08, 2017 , www.moonofalabama.org )
- 20171208 : Banking came into existence as a fraud. The fraud was legalized and we've been living with the consequences, both good and bad, ever since. ( Dec 08, 2017 , www.moonofalabama.org )
- 20171208 : Putin opens Russia's $27bn Arctic LNG plant ( Dec 08, 2017 , www.rt.com )
- 20171205* Controlling speculation in world financial markets Progressive Christians Uniting by Gordon K Douglass ( Nov 09, 2002 , www.prospect-magazine.co.uk ) [Recommended]
- 20171205 : I think the debt problem is a little overblown. Now people use debt differently sometimes implying "total debt" and sometimes "public debt" and sometimes "central government debt". ( Dec 05, 2017 , peakoilbarrel.com )
- 20171205 : House Members Tee Up Bipartisan Bill to Kill CFPB Payday Lending Rule ( Dec 05, 2017 , www.nakedcapitalism.com )
- 20171205 : Rise of casino capitalism by Stefan Stern ( www.warc.ch )
- 20171205 : Reviews Cowardly capitalism by Daniel Ben-Ami Prospect Magazine December 1998 issue 36 ( Dec 01, 1998 , Prospect Magazine )
- 20171205 : Inside Casino Capitalism by Max Holland ( Washington DeCoded )
- 20171205 : Further sabotage of the Iran deal would not bring success -- only embarrassment ( Sep 14, 2015 , The Guardian )
- 20171205 : A coalescence and consolidation of insurers effectively being single-payer, expensive private sector paying monopoly. This by-and-large parasitic industry consumes add 35-40% tot he costs feeding whose executives and employees do not contribute constructively to the CARE equation ( Mar 23, 2017 , www.nakedcapitalism.com )
- 20171204 : The Phillips Curve, Again ( Dec 04, 2017 , everydayecon.wordpress.com )
- 20171204 : The neoliberal framework in antitrust is based on pecifically its pegging competition to consumer welfare, defined as short-term price effects and as such s unequipped to capture the architecture of market power in the modern economy ( Feb 12, 2017 , economistsview.typepad.com )
- 20171204 : End of cheap oil will probably bring more wars as nations will try to get to remaning reserves ( Dec 04, 2017 , www.unz.com )
- 20171203* Business Has Killed IT With Overspecialization by Charlie Schluting ( Apr 07, 2010 , Enterprise Networking Planet ) [Recommended]
- 20171203* Another Democratic party betrayal of their former voters. but what you can expect from the party of Bill Clinton? ( Dec 03, 2017 , www.nakedcapitalism.com ) [Recommended]
- 20171203 : Carrying Capacity, Overshoot and Species Extinction by Ron Patterson ( Dec 03, 2017 , peakoilbarrel.com )
- 20171203 : West has over-reached and can barely handle its own problems ( Dec 03, 2017 , www.unz.com )
- 20171203 : Brood of Vipers ( May 07, 2015 , jessescrossroadscafe.blogspot.com )
- 20171203 : How Complex Systems Fail ( Aug 21, 2015 , naked capitalism )
- 20171203 : Nokia Shareholders Fight Back ( Slashdot )
- 20171203 : How Criminals Built Capitalism by Clive Crook ( Apr 05, 2015 , Bloomberg View )
- 20171203 : The zero-sum game details of the tax bill ( Dec 03, 2017 , www.nakedcapitalism.com )
- 20171203 : Taxing corporations by Robert Waldmann ( Dec 03, 2017 , angrybearblog.com )
- 20171203 : The GOP tax bill is of the lobbies, by the PACs and for the money. ( Dec 03, 2017 , www.nakedcapitalism.com )
- 20171201* JFK The CIA, Vietnam, and the Plot to Assassinate John F. Kennedy by L. Fletcher Prouty, Oliver Stone, Jesse Ventura ( Oct 08, 2017 , www.amazon.com ) [Recommended]
- 20171201 : Elite needs a kill switch for their front men and women ( marknesop.wordpress.com )
- 20171201 : The ECB Comes Clean On Rising Rates and the Coming Systemic Reset by Phoenix Capital... ( Nov 30, 2017 , www.zerohedge.com )
- 20171201 : The ECB Comes Clean On Rising Rates and the Coming Systemic Reset by Phoenix Capital... ( Nov 30, 2017 , www.zerohedge.com )
- 20171130* Heritage Foundation + the War Industry What a Pair by Paul Gottfried ( Nov 30, 2017 , www.theamericanconservative.com ) [Recommended]
- 20171130* Money Imperialism by Michael Hudson ( Nov 30, 2017 , www.unz.com ) [Recommended]
- 20171130 : A. Gary Shilling Trump Deserves Some Credit For The Surge In Stocks Zero Hedge ( Nov 30, 2017 , www.zerohedge.com )
- 20171130 : This Cycle It's Not The Economy, It's China, Stupid! ( Nov 30, 2017 , www.zerohedge.com )
- 20171130 : Fed's Kashkari Responds To Zero Hedge The Fed's Job Is Not To Protect Investors ( Nov 30, 2017 , www.zerohedge.com )
- 20171130 : Oil Prices Could Jump To $80 Next Year by Tsvetana Paraskova ( Nov 30, 2017 , oilprice.com )
- 20171130 : Venezuela Could Lose A Lot More Oil Production ( Nov 30, 2017 , oilprice.com )
- 20171130 : The Dog that Didn't Bark, by Israel Shamir - The Unz Review ( Nov 30, 2017 , www.unz.com )
- 20171130 : Oil Prices Could Jump To $80 Next Year by Tsvetana Paraskova ( Nov 30, 2017 , oilprice.com )
- 20171130 : Venezuela Could Lose A Lot More Oil Production ( Nov 30, 2017 , oilprice.com )
- 20171130 : This Cycle It's Not The Economy, It's China, Stupid! ( Nov 30, 2017 , www.zerohedge.com )
- 20171130 : Fed's Kashkari Responds To Zero Hedge The Fed's Job Is Not To Protect Investors ( Nov 30, 2017 , www.zerohedge.com )
- 20171130 : A. Gary Shilling Trump Deserves Some Credit For The Surge In Stocks Zero Hedge ( Nov 30, 2017 , www.zerohedge.com )
- 20171130 : The Dog that Didn't Bark, by Israel Shamir - The Unz Review ( Nov 30, 2017 , www.unz.com )
- 20171130 : Yellens exit may prompt the Fed to pare its balance sheet sooner rather than later, Goldman says by Javier E. David ( Mar 19, 2017 , finance.yahoo.com )
- 20171130 : Will Robots Kill the Asian Century ( The National Interest )
- 20171129* Secular Stagnation: The Time for One-Armed Policy is Over ( Jun 05, 2015 , economistsview.typepad.com ) [Recommended]
- 20171129* Economics is a Belief System - and We are Ruled by Fundamentalists ( Nov 09, 2015 , resilience.org ) [Recommended]
- 20171129* Michael Hudson: The Wall Street Economy is Draining the Real Economy ( www.nakedcapitalism.com ) [Recommended]
- 20171129* Positive Feedback Loops, Financial Instability, The Blind Spot Of Policymakers ( Nov 22, 2017 , www.zerohedge.com ) [Recommended]
- 20171129* Attack on Sanders Economic Plan By Former Chairs of the Council of Economic Advisors Irresponsible ( Mar 06, 2016 , naked capitalism ) [Recommended]
- 20171129 : The week after Open Access week by Ingrid Robeyns ( Oct 30, 2017 , crookedtimber.org )
- 20171129 : Debt: War and Empire By Other Means ( Jun 19, 2015 , jessescrossroadscafe.blogspot.com )
- 20171128 : The Stigmatization of the Unemployed ( Mar 20, 2011 , naked capitalism )
- 20171128 : Trump Wants Peace With Erdogan - The Military Wants To Sabotage It ( Nov 28, 2017 , www.moonofalabama.org )
- 20171128 : New eBook Ordoliberalism A German oddity VOX, CEPR s Policy Portal ( Nov 28, 2017 , voxeu.org )
- 20171127* College Is Wildly Exploitative Why Arent Students Raising Hell ( Jun 26, 2015 , naked capitalism ) [Recommended]
- 20171127 : How a half-educated tech elite delivered us into chaos by John Naughton ( Nov 19, 2017 , www.theguardian.com )
- 20171127 : Some very learned people on this site, actually knowledgeable about the oil industry, who are now also gone, have proven it will take $85 dollar plus oil prices, sustained, for the unconventional shale oil industry to pay back its debt and simply be able to replace reserves. The days of all this enormous growth crap are over. ( Nov 27, 2017 , peakoilbarrel.com )
- 20171127 : The Robot Productivity Paradox and the concept of bezel ( Feb 22, 2017 , econospeak.blogspot.com )
- 20171127 : The productivity paradox by Ryan Avent ( Mar 20, 2017 , medium.com )
- 20171127 : Nineteen Ninety-Six: The Robot/Productivity Paradox and the concept of bezel ( Feb 22, 2017 , econospeak.blogspot.com )
- 20171125 : Looks like someone hasnt been honest about its production figures for Bakken ( Nov 25, 2017 , peakoilbarrel.com )
- 20171125 : The amount of capital being burned on energy in the USA is truly remarkable. ( Nov 25, 2017 , peakoilbarrel.com )
- 20171125 : Higher oil prices in the range of 80 to 90 dollars per barrel are need for the US shale oil ( Nov 25, 2017 , peakoilbarrel.com )
- 20171125 : As we moved closer to oil deficit, suddenly, an extra outage will cause meaningful rallies instead of being mostly written off ( May 20, 2016 , peakoilbarrel.com )
- 20171124 : The battle between STEM and Humanities is mostly fake. The real problem is neoliberal indoctrination -- the MBA, Master of Business Administration are just tools. Neoliberals are the ones who control everything now ( Nov 24, 2017 , discussion.theguardian.com )
- 20171122 : Unemployment is Miserable and Doesn't Spawn an Upsurge in Personal Creativity ( Nov 22, 2017 , www.nakedcapitalism.com )
- 20171122 : Philadelphia Fed Study Debunks Main Argument for Student Debt Slavery ( Nov 22, 2017 , www.nakedcapitalism.com )
- 20171119 : Oil prices could double if Middle East conflict escalates by Peter Tertzakian ( Nov 16, 2017 , oilprice.com )
- 20171118 : The Willful Mispricing of Risk ( Nov 18, 2017 , jessescrossroadscafe.blogspot.com )
- 20171116 : Natural Rate Hypothesis is junk science. There is nothing natural in natural rate of employment ( Nov 16, 2017 , economistsview.typepad.com )
- 20171116 : Should We Reject the Natural Rate Hypothesis ( Nov 16, 2017 , economistsview.typepad.com )
- 20171115 : Alex Azar Can There Be Uglier Scenarios than the Revolving Door naked capitalism ( Nov 15, 2017 , www.nakedcapitalism.com )
- 20171115 : Lenin's Legacy, Donald Trump and Russian Revolution at 100 Time ( Nov 15, 2017 , time.com )
- 20171113 : An attempt to drive up oil and distract from the MBS purge? ( Nov 13, 2017 , www.moonofalabama.org )
- 20171110 : Norway and UK Production Update " Peak Oil Barrel ( Nov 10, 2017 , peakoilbarrel.com )
- 20171110 : Massive $43bn US-China gas deal seen as far from reality ( Nov 10, 2017 , www.rt.com )
- 20171110 : Beware MSM propaganda: CNBC is claiming the US set a "record" with regard to oil production last week. ( Nov 10, 2017 , peakoilbarrel.com )
- 20171110 : OPEC World Oil Outlook 2017 ( Nov 10, 2017 , peakoilbarrel.com )
- 20171110 : EIA weekly change in ending stocks (crude+products). ( Nov 10, 2017 , peakoilbarrel.com )
- 20171110 : annbeaker ( Nov 10, 2017 , annbeaker.livejournal.com )
- 20171108 : Harvey Weinstein's Stasi by Rod Dreher ( Nov 07, 2017 , www.theamericanconservative.com )
- 20171107 : Neuters via Euractiv: EU plans big rule change to snag Nord Stream 2 ( Nov 07, 2017 , marknesop.wordpress.com )
- 20171107 : Upward mobility in the United States is largely an illusion, and the living standard for the middle class has hardly moved in decades; it has declined, if anything, relative to progress in the 1960's. ( Nov 07, 2017 , marknesop.wordpress.com )
- 20171107 : These casino capitalist toilet plungers and the US stock market performance in 2017 ( Nov 07, 2017 , economistsview.typepad.com )
- 20171106 : WTI Spikes Over $57 For The First Time Since July 2015 ( Nov 06, 2017 , www.zerohedge.com )
- 20171105* China and the US Rational Planning and Lumpen Capitalism by James Petras ( Nov 05, 2017 , www.unz.com ) [Recommended]
- 20171105 : Matt Taibbi Exposes The Great College Loan Swindle ( Nov 05, 2017 , www.zerohedge.com )
- 20171105 : Explaining the Spread of White Anger by Robert Weissberg ( Nov 05, 2017 , www.unz.com )
- 20171105 : China's Great Leap Forward Western Frogs Croak Dismay ( Nov 05, 2017 , www.unz.com )
- 20171104* Who's Afraid of Corporate COINTELPRO by C. J. Hopkins ( Nov 04, 2017 , www.unz.com ) [Recommended]
- 20171104 : No Dress Code AHAHAHAHAHA by Lindsay Hill ( Nov 04, 2017 , lkhill.com )
- 20171101 : The Political Organization Men ( Nov 01, 2017 , consortiumnews.com )
- 20171101 : How the US Aristocracy Deceive the US Public ( Nov 01, 2017 , www.strategic-culture.org )
- 20171031 : Why GDP Is Fake by Eric ZUESSE ( Oct 26, 2017 , www.strategic-culture.org )
- 20171031 : It is easy to imagine neoliberalism leading to the same despotic conditions in mirror image of the old communist states. Crushing individuals in the name of Market Rights and neoliberal market philosophy ( Oct 31, 2017 , www.nakedcapitalism.com )
- 20171030 : The power of the neoliberal order is that it has beguiled the masses into believing that satisfying short term personal wants with crappy mass-produced goods constitutes increase in the standard of living. This is like European colonists exchanged gold for glass jewelry with American Indians ( Oct 30, 2017 , www.nakedcapitalism.com )
- 20171030 : The founders of neoliberalism sufferws for a nostalgia for pre-war absolutism that capitalists have been happy with. In this sense neoliberal ideology is nothing but attempt to restore absolutism -- absolutism of wealth, shoved down the throats of its victims via simplistic but well-funded propaganda. Neoliberalisms false premise of the benevolence of the absolutism of wealth is quite literally the road to serfdom for the rest of humanity. ( Oct 30, 2017 , www.nakedcapitalism.com )
- 20171030 : Neoliberalism is the ideology of the current US elite and serves to uphold and expand its power. Making "little people" more miserable as an international side effect. ( Oct 30, 2017 , www.nakedcapitalism.com )
- 20171030 : In Capitalizing on Crisis, Greta Krippner shows that the financialization of the U.S. economy was not a deliberate outcome sought by policymakers, but rather an inadvertent result of the state's attempts to solve other problems. ( Oct 30, 2017 , www.nakedcapitalism.com )
- 20171030 : The close ties between the elderly Hayek and Chile's Augusto Pinochet. ( Oct 30, 2017 , www.nakedcapitalism.com )
- 20171029* If You Look Behind Neoliberal Economists, You'll Discover the Rich: How Economic Theories Serve Big Business ( Oct 29, 2017 , www.nakedcapitalism.com ) [Recommended]
- 20171029 : One third of ECB bond buys were for bonds with negative yields. So those guys not only loaned money to the company, they paid the company interest for holding the bond. ( Oct 29, 2017 , peakoilbarrel.com )
- 20171029 : As there are maybe 1500 well locations left in the sweet spot area of McKensey (assuming 5 wells per section) and they are adding perhaps 40 wells per month now, it means that there are only some 3 years of new wells left. ( Oct 29, 2017 , peakoilbarrel.com )
- 20171029 : Stagnant production of shale oil companies despite higher oil prices is probably due to the sharply rising decline rate, which plagues now the whole industry and makes funding of more drilling very difficult. ( Oct 29, 2017 , peakoilbarrel.com )
- 20171029 : ExxonMobil and Chevron again posted losses in Q3 on oil production in the USA despite the rise of oil prices ( Oct 27, 2017 , peakoilbarrel.com )
- 20171029 : The elte is continuing globalization push. S>heeple are too mesmerized by TV, weed, games, phones, sports, booze, food, the internet and their shitty jobs to ever realize they are in a cage. ( Oct 29, 2017 , www.zerohedge.com )
- 20171029 : Wendy Brown's definition of neoliberalism: It is not simply a commitment to capitalism or to markets, but an effort to transform all spheres of human life in ways that render them amendable to economic calculation. ( Oct 29, 2017 , www.nakedcapitalism.com )
- 20171029 : The US and the Overthrow of the Chilean Government A Declassified Dossier (2003) ( May 15, 2016 , www.youtube.com )
- 20171029 : What is neoliberalism? A market-based ideology willing to employ fascism to impose the conditions necessary to establish the market state. (ie, throwing people out of helicopters.) The state is co-opted to ensure rule of the Market. ( Oct 29, 2017 , www.nakedcapitalism.com )
- 20171028 : ExxonMobil and Chevron again posted losses in US upstream (for Q3, 2017). ( Oct 28, 2017 , peakoilbarrel.com )
- 20171028 : Stagnant production of shale oil companies despite higher oil prices is probably due to the sharply rising decline rate, which plagues now the whole industry and makes funding of more drilling very difficult. ( Oct 28, 2017 , peakoilbarrel.com )
- 20171028 : Gaius Publius Defining Neoliberalism naked capitalism ( Oct 28, 2017 , www.nakedcapitalism.com )
- 20171028 : Aramco CEO Warns Of Imminent Oil Supply Crunch by Tsvetana Paraskova ( Oct 24, 2017 , oilprice.com )
- 20171028 : All the faux media wind about Russians hacking the crooked DNC, nothing about the deep states surveillance of Hillary's opposition. ( Feb 20, 2017 , economistsview.typepad.com )
- 20171027 : Income tax rates go down on the upper incomes and businesses in a big way. State income taxes go down on the middle and working classes in a small way. Sales tax, local property taxes, county user fees/assessments go up for everyone including the poor, to cover the ensuing state budget shortfall. ( Oct 27, 2017 , www.nakedcapitalism.com )
- 20171027 : Freelancing Isn't Feminist -- It's Badly Negotiated Wage Labor for $5 an Hour ( Oct 27, 2017 , www.nakedcapitalism.com )
- 20171027 : The Rise and Fall of the Phillips Curve by Ed Walker ( Oct 27, 2017 , www.nakedcapitalism.com )
- 20171027 : Why didn't Democrats pass legislation in 2009 to eliminate the right to work legislation by states? The answeer is they want Wall street money. ( Oct 27, 2017 , www.nakedcapitalism.com )
- 20171027 : Censorship in a new clothing ( Oct 27, 2017 , www.nakedcapitalism.com )
- 20171025* Tomorrow Belongs to the Corporatocracy by C.J. Hopkins ( Oct 20, 2017 , www.unz.com ) [Recommended]
- 20171025 : The Definitive Demise of the Debunked Dodgy Dossier on The Donald ( Jan 23, 2017 , www.nakedcapitalism.com )
- 20171025 : Ex-MI6 officer Christopher Steele in hiding after Trump dossier ( Jan 12, 2017 , www.bbc.com )
- 20171025 : Former MI6 agent behind Trump dossier returns to work by Luke Harding and Nick Hopkins ( Mar 07, 2017 , www.theguardian.com )
- 20171025 : What do you think about an average annual Brent oil price in 2020 of $100+/-20 per barrel in 2017 constant dollars? I would guess there may be a 50% chance this is correct. ( Oct 25, 2017 , peakoilbarrel.com )
- 20171025 : As oil is depleted major companioes need to find new niche to continue to exist ( Oct 25, 2017 , peakoilbarrel.com )
- 20171025 : When will Trump voters realize they have been had ( Oct 25, 2017 , www.defenddemocracy.press )
- 20171025 : The Situation in Puerto Rico The Roads ( Oct 25, 2017 , www.nakedcapitalism.com )
- 20171025 : Shocking the Shock Doctrine What Recovery in Puerto Rico Could Look Like ( Oct 25, 2017 , www.nakedcapitalism.com )
- 20171024 : Goldman Sachs ruling America by Gary Rivlin, Michael Hudson ( Sep 17, 2017 , www.defenddemocracy.press )
- 20171024 : When will Trump voters realize they've been had Defend Democracy Press ( Oct 24, 2017 , www.defenddemocracy.press )
- 20171024 : Airheads like Maros Sefcovic seem to have the idea that they can force Russia to continue transiting gas through Ukraine by putting ever more stumbling blocks in its way. ( Oct 24, 2017 , marknesop.wordpress.com )
- 20171024 : Nosebleed Valuations Persist In US High Yield ( Oct 24, 2017 , www.zerohedge.com )
- 20171024 : Why Those Looking for the Next Crisis May be Looking in the Wrong Places ( Oct 24, 2017 , www.nakedcapitalism.com )
- 20171024 : Neoliberalism as [un]creative destruction by Andy Shi ( Oct 24, 2017 , prezi.com )
- 20171023 : US Treasury Rates Hit Nine-Year Highs by Wolf Richter ( Oct 23, 2017 , www.nakedcapitalism.com )
- 20171023 : Neoliberalism as Creative Destruction David Harvey, 2007 ( Oct 23, 2017 , journals.sagepub.com )
- 20171022 : John Brennan's Police State USA ( Oct 22, 2017 , www.unz.com )
- 20171022 : Silicon Valley is not your friend by Dan Crawford ( Oct 20, 2017 , angrybearblog.com )
- 20171022 : Crooked Hillary -- Clinton Cash -- Directors Cut With Commentary By Steve Bannon -- FULL MOVIE ( Feb 05, 2017 , www.youtube.com )
- 20171021 : Socialism, Land and Banking 2017 compared to 1917 by Michael Hudson ( Oct 20, 2017 , www.counterpunch.org )
- 20171018 : Why adjuncts should quit complaining and just quit (essay) by Claire B. Potter ( Oct 16, 2017 , www.insidehighered.com )
- 20171018 : Spy Schools How the CIA, FBI and Foreign Intelligence Secretly Exploit America's Universities by Nick Roll ( www.chronicle.com )
- 20171017 : The CIA's Favorite College President by Daniel Golden ( Oct 10, 2017 , www.chronicle.com )
- 20171017 : Use Spare Older Workers to Overcome 'Labour Shortages' naked capitalism ( Oct 17, 2017 , www.nakedcapitalism.com )
- 20171017 : Agents of Neoliberal Globalization Corporate Networks, State Structures, and Trade Policy by Michael C. Dreiling, Derek Y. Darve ( Oct 17, 2017 , www.amazon.com )
- 20171016* The Limits of Neoliberalism Authority, Sovereignty and the Logic of Competition by William Davies ( Oct 16, 2017 , www.amazon.com ) [Recommended]
- 20171016* Governing is complicated as laws and policies affect a diverse spectrum of people and situations. The average person, in my experience, is not inclined to spend the time necessary to understand good laws/policy in a complex society. The one safety check on mob rule is that most people don't become politically active until their situation is relatively dire ( Oct 16, 2017 , discussion.theguardian.com ) [Recommended]
- 20171016 : C Wright Mills called the US state a plutocracy all fifty years ago ( Oct 16, 2017 , discussion.theguardian.com )
- 20171016 : The Guardian by Ganesh Sitaraman ( Oct 15, 2017 , www.theguardian.com )
- 20171015 : Two Cheers For Trump's Immigration Proposal Especially "Interior Enforcement" - The Unz Review ( Oct 15, 2017 , www.unz.com )
- 20171015 : The global oil supply report from HSBC ( Oct 15, 2017 , peakoilbarrel.com )
- 20171015 : Timing of peak global oil production ( Oct 15, 2017 , peakoilbarrel.com )
- 20171015 : US Baker Hughes Rig Count ( Oct 15, 2017 , peakoilbarrel.com )
- 20171015 : Oil production in Iraq has increased by more then one million barrels a day since July 2014 when oil prices last averaged 100 dollars. More than any other country ( Oct 15, 2017 , peakoilbarrel.com )
- 20171014 : Ilargi The Curious Case of Missing the Market Boom naked capitalism ( Oct 14, 2017 , www.nakedcapitalism.com )
- 20171014 : The unexplainable rise in production per well in the Bakken may not be as high as the data shows ( Oct 14, 2017 , peakoilbarrel.com )
- 20171014 : Over half a million barrels per day are now shut down at Gulf due to hugrage season. Lost oil production due to Nate was around 8 million barrels ( Oct 14, 2017 , peakoilbarrel.com )
- 20171013* Sympathy for the Corporatocracy by C. J. Hopkins ( Oct 13, 2017 , www.unz.com ) [Recommended]
- 20171012 : Never Let a Serious Crisis Go to Waste How Neoliberalism Survived the Financial Meltdown by Philip Mirowski ( Oct 12, 2017 , www.amazon.com )
- 20171012 : Neoliberalism A Critical Reader Alfredo Saad-Filho, Deborah Johnston ( Oct 12, 2017 , www.amazon.com )
- 20171011* Russia witch hunt is a tactic used by the ruling elite, and in particular the Democratic Party, to avoid facing a very unpleasant reality: that their unpopularity is the outcome of their policies of deindustrialization and the assault against working class ( Oct 11, 2017 , www.unz.com ) [Recommended]
- 20171011 : Donald Trump is exposing the contradictions of the elite by David Callahan ( Oct 11, 2017 , www.theguardian.com )
- 20171011 : The elite schools, and I have taught as a visiting professor at a few of them, such as Princeton and Columbia, replicate the structure and goals of corporations ( Oct 11, 2017 , www.unz.com )
- 20171011 : Saudi had five percent decline rates from mid 2015 until they bought on Al Shaybah extension. They started to have something similar from mid 2016 until they made their cuts in October. ( Oct 11, 2017 , peakoilbarrel.com )
- 20171011 : Demand has increased over 3 million combined the past two years it appears. With the price staying low because high decline LTO can make up any short fall, just ask Wall Street traders and the business media. ( Oct 11, 2017 , peakoilbarrel.com )
- 20171011 : OPEC, IEA and drillers/service companies are raising the problem of the lack of investment, but they all stay away from discussing the fall in discoveries and lack of attractive prospective projects ( Oct 11, 2017 , peakoilbarrel.com )
- 20171011 : Among the crises effecting the United States, the one effecting us most profoundly is the absence of any accountability for the crimes committed by our oligarchic class ( Oct 11, 2017 , www.unz.com )
- 20171011 : Suppression of the Wealth Tax An Historical Error ( Oct 11, 2017 , economistsview.typepad.com )
- 20171011 : Art Berman believes falling inventory will result in price support in 2018 ( Oct 11, 2017 , peakoilbarrel.com )
- 20171011 : Neoliberalism needs to enforce oil prices too (energy prices in general). Often violently (Iraq, Libya, Syria). It does need cheap oil to function properly with its emphasis of globalization and extended global supply chains, as well as low inventories mantra. ( Oct 11, 2017 , peakoilbarrel.com )
- 20171010* The US Economy: Explaining Stagnation and Why It Will Persist by Thomas I. Palley ( Apr 10, 2015 , www.thomaspalley.com ) [Recommended]
- 20171010 : Central-Eastern European pipeline gets go-ahead ( Oct 10, 2017 , marknesop.wordpress.com )
- 20171009 : Instead of drawing the best and the brightest, or being a place where scholarship was valued, where students were taught critical thinking skills, the University I attended was nothing more than an expensive diploma mill for the children of the wealthy ( Oct 09, 2017 , www.amazon.com )
- 20171009 : Amazon.com Empire of Illusion The End of Literacy and the Triumph of Spectacle by Chris Hedges ( Oct 09, 2017 , www.amazon.com )
- 20171009 : Casino Capitalism by Susan Strange ( Oct 09, 2017 , www.amazon.com )
- 20171009 : Neoliberalism by Julie Wilson ( Oct 09, 2017 , www.amazon.com )
- 20171008* Financialization: theoretical analysis and historical perspectives by Costas Lapavitsas ( Jan 14, 2014 , www.amazon.com ) [Recommended]
- 20171008* THE CRISIS OF NEOLIBERALISM by Julie A. Wilson ( Oct 08, 2017 , www.amazon.com ) [Recommended]
- 20171008* On the history and grand duplicity of neoliberalism ( Oct 08, 2017 , www.amazon.com ) [Recommended]
- 20171008 : The Dark History of Fear, Inc ( Oct 08, 2017 , www.theamericanconservative.com )
- 20171008 : Profiting Without Producing How Finance Exploits Us All by Costas Lapavitsas ( Oct 07, 2017 , www.amazon.com )
- 20171007* Finances hold on our everyday life must be broken by Costas Lapavitsas ( Jan 01, 2014 , www.theguardian.com ) [Recommended]
- 20171007 : Goldman Sachs' Abacus Program had its banksters create designed-to-fail financial products for customers (they were called 'muppets'), so that GS could then bet against them! ( Oct 07, 2017 , discussion.theguardian.com )
- 20171007 : The role of finance in the neoliberal model by Thomas I. Palley ( www.youtube.com )
- 20171007 : Profiting Without Producing How Finance Exploits Us All -- A lecture by Costas Lapavitsas ( Mar 05, 2014 , www.youtube.com )
- 20171007 : Neoliberals seizes power with no intention of relinquishing it. Ever. ( Oct 07, 2017 , www.moonofalabama.org )
- 20171007 : The EIA is making these projections because knuckleheads in the C suite at US shale companies went hog wild at the first sign of oil price improvement and made thesegrowth projections for their individual companies, and the EIA just totaled them up. Once it is clear the EIA is off base, prices could rise to $60 a barrel from around $50 now, ( Oct 07, 2017 , peakoilbarrel.com )
- 20171007 : The American public, and the politicians that govern it, have been lied to and completely deceived about shale oil and shale gas abundance. ( Oct 07, 2017 , peakoilbarrel.com )
- 20171007 : If you're not bringing new production and the global decline rate is 5 percent then annual loss is about four and a half million barrels per day ( Oct 07, 2017 , peakoilbarrel.com )
- 20171006* Prof. Philip Mirowski keynote for Life and Debt conference ( Aug 18, 2013 , www.youtube.com ) [Recommended]
- 20171006* How Economists Turned Corporations into Predators ( Oct 06, 2017 , www.nakedcapitalism.com ) [Recommended]
- 20171006 : For offshore there is an effect from moving to deeper fields, these tend to be higher pressure and have higher initial production for a given bore size but also much higher decline rates ( Oct 06, 2017 , peakoilbarrel.com )
- 20171006 : Mature, offshore oil fields now decline at a rate of eight percent per year, whereas the same fields declined by only by five percent in 2014. And as a consequence, one million barrels of oil have been removed from production balances ( Oct 06, 2017 , peakoilbarrel.com )
- 20171006 : Welfare Kings? Study Finds Half of New Oil Production Unprofitable Without Government Handouts ( Oct 06, 2017 , peakoilbarrel.com )
- 20171006 : Tax Breaks Make $50 Oil Profitable in the US ( Oct 06, 2017 , www.nakedcapitalism.com )
- 20171006 : Erdogan says Turkey will close Iraq border and air space soon by Ece Toksabay, Tuvan Gumrukcu ( Oct 05, 2017 , www.reuters.com )
- 20171005 : Tropical Storm Nate kills at least 22 as storm moves toward US ( Oct 05, 2017 , www.msn.com )
- 20171005 : How Billionaires become Billionaires ( Oct 05, 2017 , www.unz.com )
- 20171005 : How Billionaires become Billionaires - The Unz Review ( Oct 05, 2017 , www.unz.com )
- 20171005 : Opinion cultivation is a mass comms topic. You can look up the spiral of silence, which was theorized in the 1970s as self-censorship by people who hold minority opinions, or think they do. ( Oct 04, 2017 , www.unz.com )
- 20171004 : The Trump-Goldman Sachs Tax Cut for the Rich by Jack Rasmus ( Oct 04, 2017 , www.counterpunch.org )
- 20171004 : U.S. Shale Isn't As Strong As It Appears by Nick Cunningham ( Oct 02, 2017 , oilprice.com )
- 20171004 : This Giant Oil Trader Sees Upside For Oil Prices by Tsvetana Paraskova ( Oct 04, 2017 , oilprice.com )
- 20171004 : Strong Crude Draw Boosts Oil Prices by Irina Slav ( Oct 04, 2017 , oilprice.com )
- 20171004 : China's Oil Demand Is Far Ahead Of Last Year's Pace by Robert Rapier ( Oct 04, 2017 , oilprice.com )
- 20171004 : The Logical (and Coming) End to the US Empire by Robert Abele ( Jul 29, 2013 , www.counterpunch.org )
- 20171004 : Living Under the French Hate Speech Laws by Lawrence G. Proulx ( Oct 04, 2017 , www.unz.com )
- 20171004 : Islamic threat as substitute for the Soviet threat that disappeared ( Oct 04, 2017 , www.unz.com )
- 20171004 : Creating taboos is the slicing salami tactic ( Oct 04, 2017 , www.unz.com )
- 20171002* Techs push to teach coding isnt about kids success – its about cutting wages by Ben Tarnoff ( Oct 02, 2017 , www.theguardian.com ) [Recommended]
- 20171001* Attempts to buy US elections using perverted notion of free speech were deliberate. This is an immanent feature of neoliberalism which being Trotskyism for the rich deny democracy for anybody outside the top one percent (or, may be, top 10-20 percent) ( www.jacobinmag.com ) [Recommended]
- 20171001* Bulletproof Neoliberalism by Paul Heideman ( Oct 01, 2017 , www.jacobinmag.com ) [Recommended]
- 20171001 : Goodbye, American neoliberalism. A new era is here by Cornel West ( Nov 17, 2016 , www.theguardian.com )
- 20171001 : The Financialization of America... and Its Discontents by Charles Hugh Smith ( Oct 01, 2017 , dailyreckoning.com )
- 20171001 : Crisis is the way neoliberalism evolves. It limps from one economic crisis to another ( Oct 01, 2017 , www.theguardian.com )
- 20171001 : The key role of IMF and World bank in enforcement of neoliberalism globally. Neoliberals throwing out all the Keynesians in those institutions and replaced them with neoclassical supply-side theorists who subscribed to the theory of "structural adjustment" which is the essence of disaster capitalism ( Oct 01, 2017 , www.jacobinmag.com )
- 20171001 : After Neoliberalism Empire, Social Democracy, or Socialism by Minqi Li ( Jan 01, 2004 , monthlyreview.org )
- 20171001 : The allure of adjuncts for neoliberal universities is that they are much cheaper than full-time staff, dont receive benefits or support for their personal research, and their hours can be carefully limited so they do not teach enough to qualify for health insurance ( Oct 01, 2017 , www.theguardian.com )
- 20171001 : Neoliberalism Is a Political Project ( Oct 01, 2017 , www.jacobinmag.com )
- 20170930 : Yanis Varoufakis Schauble Leaves but Schauble-ism Lives On by Yanis Varoufakis ( Sep 30, 2017 , www.nakedcapitalism.com )
- 20170927 : Restating the case against trickle down ( Sep 27, 2017 , crookedtimber.org )
- 20170927 : Interviewed this morning, Harold Hamm calls EIA STEO projections flat out wrong. US will be lucky to achieve 9.35 million b/day by December ( Sep 21, 2017 , peakoilbarrel.com )
- 20170926* Is Foreign Propaganda Even Effective by Leon Hadar ( Sep 26, 2017 , www.theamericanconservative.com ) [Recommended]
- 20170926 : Not much exploration is done at the moment as the industry expects (and needs) higher prices ( Sep 26, 2017 , peakoilbarrel.com )
- 20170926 : Total liquids supply that both the IEA and EIA use as the measure of supply now include a lot of condensate, which is less energy rich then oil ( Sep 26, 2017 , peakoilbarrel.com )
- 20170925* Free market as a neoliberal myth, the cornerstone of neoliberalism as a secular religion ( Jan 06, 2017 , economistsview.typepad.com ) [Recommended]
- 20170925 : Neoliberalism and democracy are incompatible. And they were incompatible from the very beginning, because neoliberalism is a flavor of corporatism, the Trotskyism for the rich ( Sep 25, 2017 , www.defenddemocracy.press )
- 20170925 : The EU is again taking the position that transit of Russian gas through Ukraine after 2020 is a priority. ( Sep 25, 2017 , marknesop.wordpress.com )
- 20170924* Mark Ames When Mother Jones Was Investigated for Spreading Kremlin Disinformation by Mark Ames ( Jun 03, 2017 , www.nakedcapitalism.com ) [Recommended]
- 20170924 : The Coming Bear Market? The US stock market today looks a lot like it did at the peak before all 13 previous price collapses. That doesn't mean that a bear market is imminent, but it does amount to a stark warning against complacency by ROBERT J. SHILLER
( Sep 22, 2017 , economistsview.typepad.com )
- 20170924 : Inside Amazon's Warehouses: Thousands of Senior Citizens and the Occasional Robot Mishap ( Sep 24, 2017 , hardware.slashdot.org )
- 20170923* The Exit Strategy of Empire by Wendy McElro ( Sep 23, 2017 , ronpaulinstitute.org ) [Recommended]
- 20170923 : The Crazy Imbalance of Russia-gate by Robert Parry ( Sep 23, 2017 , www.informationclearinghouse.info )
- 20170923 : In simple terms, MSM owners decide that a particular topic is a taboo subject and filter everything related to it out ( Sep 23, 2017 , www.unz.com )
- 20170923 : MSM journalists know for sure that articles that deviate from the official line are career ending moves . ( www.unz.com )
- 20170923 : Marginalization of other opinions is important, so that those few who become aware of a conspiracy do not have enough social capital to muster any significant action against it ( Sep 23, 2017 , www.unz.com )
- 20170923 : A conspiracy theory is a theory based on facts but without MSM backing. Theres no better recent example of this than when the DNC emails were released by wikileaks during their convention. The story put forth was that Russian hackers were responsible, and were trying to throw the election to their buddy Trump. The evidence for this? Zero. And yet it became a plausible explanation in the media, overnight. ( www.unz.com )
- 20170923 : American Pravda How the CIA Invented "Conspiracy Theories" by Ron Unz ( Sep 05, 2016 , www.unz.com )
- 20170921 : Hysteria in America -- Congress Filled With Totalitarians Who Oppose ( Sep 21, 2017 , ronpaulinstitute.org )
- 20170921 : Neoliberalism has had its day. So what happens next? by Martin Jacques ( Aug 21, 2016 , www.theguardian.com )
- 20170920 : The political history of the second half of the 20th century could be summarized as the conflict between its two ideologies -- Keynesian social democracy and neoliberalism, which managed to displace Keynesianism as a dominant ideology in 70th and in turn entered the crisis in 2008 ( Sep 20, 2017 , www.theguardian.com )
- 20170919* Neoliberalism: the idea that swallowed the world by Stephen Metcalf ( Aug 18, 2017 , www.theguardian.com ) [Recommended]
- 20170919* Neoliberalism: the deep story that lies beneath Donald Trumps triumph: How a ruthless network of super-rich ideologues killed choice and destroyed people's faith in politics by George Monbiot ( Nov 16, 2017 , www.theguardian.com ) [Recommended]
- 20170919 : Is this the beginning of the end for neoliberalism? ( Apr 13, 2017 , www.theguardian.com )
- 20170919 : When all parties want 'an economy that works', you know neoliberalism is kaput by Tim Jackson ( May 31, 2017 , www.theguardian.com )
- 20170919 : The political project of neoliberalism, brought to ascendence by Thatcher and Reagan, has pursued two principal objectives. The first has been to dismantle any barriers to the exercise of unaccountable private power. The second had been to erect them to the exercise of any democratic public will ( Sep 19, 2017 , www.theguardian.com )
- 20170919 : How neoliberalism left a toxic legacy ( Sep 19, 2017 , www.theguardian.com )
- 20170919 : Goodbye neoliberalism, hello common good by Robin Le Mare ( Sep 19, 2017 , www.theguardian.com )
- 20170919 : Boston Startups Are Teaching Boats to Drive Themselves by Joshua Brustein ( Sep 19, 2017 , www.msn.com )
- 20170919 : Con Of The Century by Rod Dreher ( Sep 17, 2017 , www.theamericanconservative.com )
- 20170919 : Time for a Conservative Anti-Monopoly Movement by Daniel Kishi ( Sep 19, 2017 , www.theamericanconservative.com )
- 20170918* Critical Realism: Mathematics versus Mythematics in Economics ( Oct 02, 2015 , www.debtdeflation.com ) [Recommended]
- 20170918* Looks like Trump initially has a four point platform that was anti-neoliberal in its essence: non-interventionism, no to neoliberal globalization, no to outsourcing of jobs, and no to multiculturism. All were betrayed very soon ( Jun 02, 2017 , economistsview.typepad.com ) [Recommended]
- 20170918* Its always bizarre who easily neoliberals turn into hawkish and warmongering jerks ( Apr 09, 2017 , economistsview.typepad.com ) [Recommended]
- 20170917 : How to effectively resist truth-killing efforts of various agencies not interested in revealing the truth on the particular subject ( Jun 27, 2017 , economistsview.typepad.com )
- 20170917 : The last 25 years (or so) were years of tremendous progress in computers and networking that changed the human civilization ( May 28, 2017 , economistsview.typepad.com )
- 20170917 : GDP was never meant to be a measure of how well-off society is. Only under neoliberalism it has become such a fake indicator with huge propaganda value ( Jun 12, 2017 , economistsview.typepad.com )
- 20170917 : Absence of common sense articles on the gas wars issue is really alaming by Nikos Tsafos ( Jul 13, 2017 , marknesop.wordpress.com )
- 20170917 : Society has always been divided into two classes: those who write the script, and those who live it; the programmers and the users. ( Sep 15, 2017 , www.unz.com )
- 20170917 : Brexit outcome was theater in the sense that it had nothing to do with fulfilling the expectations of people who voted for it. ( Sep 11, 2017 , www.unz.com )
- 20170917 : Trump can not be successful and deliver relief to his working class supporters unless he takes on the fattened neoliberal hogs ( Sep 17, 2017 , turcopolier.typepad.com )
- 20170917 : Anyone using the words, conspiracy theories implicitly subscribe to MSM narrative of events and lack of intellectual patience to analyze events himself. Even if the rumor (aka conspiracy theory ) is wrong if often raises important issues about the weaknesses of the official MSM narrative -- politically correct explanation of the same events ( Sep 15, 2017 , www.unz.com )
- 20170917 : "Growing more and more unaccustomed to reflect and form any opinions of their own, people will begin to talk in the same tone as we because we alone shall be offering them new directions for thought." ( Sep 17, 2017 , en.wikipedia.org )
- 20170917 : People fear independent thought for concern that they will be deterred from upward employment mobility. In short, we suffer the enforcement of an institutional hindance to Free Speech. ( Sep 17, 2017 , www.unz.com )
- 20170916* The Transformation of the American Dream ( Sep 16, 2017 , economistsview.typepad.com ) [Recommended]
- 20170916 : Winter is Coming ( Sep 16, 2017 , economistsview.typepad.com )
- 20170916 : The Politics of Military Ascendancy by James Pertas ( Sep 16, 2017 , www.unz.com )
- 20170916 : Who Rules America by James Petras ( Sep 16, 2017 , www.unz.com )
- 20170916 : Will Millennials Be Forced Out of Tech Jobs When They Turn 40? ( Sep 16, 2017 , it.slashdot.org )
- 20170913* A despot in disguise: one mans mission to rip up democracy by George Monbiot ( Sep 13, 2017 , www.theguardian.com ) [Recommended]
- 20170913* Neo-liberalism is intristically connected with technological advances such as Internet, smartphones by George Monbiot ( Sep 13, 2017 , theguardian.com ) [Recommended]
- 20170913 : The Rape of the American Mind ( jessescrossroadscafe.blogspot.com )
- 20170913 : As John Kenneth Galbraith pointed out in The Affluent Society there is always a desperate attempt to hold onto the conventional wisdom that those at the top have invested so much time and effort in. The death throes of each system are maintained for as long as feasible until it is almost impossible for anyone to believe that the current system can work ( Sep 13, 2017 , theguardian.com )
- 20170911* Neo-classical economics as a new flat earth cult ( Apr 11, 2017 , economistsview.typepad.com ) [Recommended]
- 20170911* Neoliberalism is creating loneliness. That's what is wrenching society apart by George Monbiot ( Oct 12, 2016 , www.theguardian.com ) [Recommended]
- 20170911* The only countervailing force, unions, were deliberately destroyed. Neoliberalism needs to atomize work force to function properly and destroys any solidarity among workers. Unions are anathema for neoliberalism, because they prevent isolation and suppression of workers. ( Apr 15, 2017 , economistsview.typepad.com ) [Recommended]
- 20170911* Around 1970 corporate managers and professionals realized that they shared the same education, background and interests with capital owners and realigned themselves, abandoning working class and a large part of lower middle class (small business owners) ( Nov 14, 2016 , crookedtimber.org ) [Recommended]
- 20170911 : Loss of community, feelings of powerlessness, a sense that politics had been drained of meaning ( Jan 20, 2017 , economistsview.typepad.com )
- 20170905* Is the World Slouching Toward a Grave Systemic Crisis by Philip Zelikow ( Sep 05, 2017 , www.theatlantic.com ) [Recommended]
- 20170905* A State of Neoliberalism ( Nov 16, 2016 , rashidmod.com ) [Recommended]
- 20170904 : The Rise Of The Deep State How They Got Their Power To Manipulate For Ultimate Control by Mac Slavo ( Sep 04, 2017 , www.zerohedge.com )
- 20170903 : Neoliberalism as a New Form of Corporatism ( Sep 03, 2017 , www.softpanorama.org )
- 20170901 : French President Macron calls for military buildup in foreign policy address by By Alex Lantier ( Aug 31, 2017 , www.wsws.org )
- 20170830* The President of Belgian Magistrates - Neoliberalism is a form of Fascism by Manuela Cadelli ( Aug 30, 2017 , www.defenddemocracy.press ) [Recommended]
- 20170828 : Will Disappointing Tax Reform Puncture the Stock Market Bubble naked capitalism ( Aug 28, 2017 , www.nakedcapitalism.com )
- 20170826 : Attempt to present anti-globalism forces in the USA as alt-right and racists ( Aug 26, 2017 , web.uvic.ca )
- 20170826 : The Alt-Right Is Not Who You Think They Are by George Hawley ( Aug 26, 2017 , www.theamericanconservative.com )
- 20170824 : Putting an End to the Rent Economy by Michael Hudson ( Aug 16, 2017 , www.unz.com )
- 20170824 : Sacrificing Smart Asians to Keep the Racial Peace - The Unz Review ( Aug 24, 2017 , www.unz.com )
- 20170821 : The Holy Roman Empire was a multi-ethnic complex of territories in central Europe that developed during the Early Middle Ages and continued until its dissolution in 1806. ( Aug 21, 2017 , www.moonofalabama.org )
- 20170821 : We are witness to whether multi-national corporations and their supra-national institutions will continue to rule or if mankind will survive their break up. ( Aug 21, 2017 , www.moonofalabama.org )
- 20170821 : If you're Canadian, bend over and grab your ankles. ( Aug 21, 2017 , www.moonofalabama.org )
- 20170821 : As the crisis unfolds there will be talk about giving the UN some role in resolving international problems. ( Aug 21, 2017 , www.lettinggobreath.com )
- 20170821 : The impetus to grow and gain size and influence is essential to any political party, and sustaining this inertia overrides the thinking and living of the individual in favor of the coherence of the party itself as a mass; ( Aug 21, 2017 , www.moonofalabama.org )
- 20170820 : These days, with the internet, it is far easier for a smaller fraction to gravitate to an echo chamber, reinforce group think, and believe their numbers are much larger than what, in reality, exists. ( Aug 20, 2017 , turcopolier.typepad.com )
- 20170820 : Trump used the neocon expression "drain the swamp" on the campaign trail. He was talking about washington while the neocons were referring to the near Mid-East. Both he they were full of hubris. The swamp dwellers in DC can not be extricated short of revolution. ( Aug 20, 2017 , www.unz.com )
- 20170819 : Vassal Aristocracies Increasingly Resist Control by US Aristocracy by Eric Zuesse ( Aug 14, 2017 , www.unz.com )
- 20170818 : After Neoliberalism, What Next by Jayati Ghosh ( Aug 18, 2017 , www.nakedcapitalism.com )
- 20170815 : The Neoconservative Movement is Trotskyism by Jonas E. Alexis ( Aug 15, 2017 , www.veteranstoday.com )
- 20170814 : American dream as example of propaganda ( September 11, 2016 )
- 20170814 : the USA is somewhat similar to the USSR: it is ruled by a Nomenklatura , an Inner Party to use Orwells expression, which keeps the rest of the 99 pecent in a condition that I would describe as semi-serfdom by The Saker ( Sep 11, 2016 , www.unz.com )
- 20170814 : American dream as example of propaganda ( September 11, 2016 )
- 20170812 : Here's the memo that blew up the National Security Council ( Aug 12, 2017 , www.businessinsider.com )
- 20170811 : The Trump Presidency is effectively over. It ended on the day he signed the Sanctions Bill. A velvet junta has assumed control of the executive branch. Trump's family and advisors await conviction. The Generals are now in charge and will lead us into the next war sooner than later. ( Aug 11, 2017 , www.moonofalabama.org )
- 20170811 : Russian gas pipelines to go ahead despite U.S. sanctions by Oksana Kobzeva and Alissa de Carbonnel ( marknesop.wordpress.com )
- 20170811 : Is the United States in Decline by Christopher Layne ( Aug 11, 2017 , www.theamericanconservative.com )
- 20170810 : Critical thinking either not taught or discouraged. ( Aug 10, 2017 , www.moonofalabama.org )
- 20170809 : Liberating Europe from Russian Gas ( Aug 09, 2017 , www.counterpunch.org )
- 20170802 : Show Me The Man And Ill Find You The Crime by Bob Barr ( Jun 28, 2017 , townhall.com )
- 20170801 : Groupthink at the CIA by Philip Giraldi ( Aug 01, 2017 , www.unz.com )
- 20170731 : How Romney Loyalists Hijacked Trumps Foreign Policy ( Jul 31, 2017 , www.theamericanconservative.com )
- 20170730 : Are the Latest Russia Sanctions Really About Forcing US LNG on Europe? ( Jul 26, 2017 , www.nakedcapitalism.com )
- 20170730 : Mainstream News Manipulation of US Public ( Jul 30, 2017 , www.youtube.com )
- 20170730 : Housing Bubble 2.0: Making America More Unstable, Again ( Jul 30, 2017 , jessescrossroadscafe.blogspot.com )
- 20170730 : Nocturne played by FOMC ( Jul 30, 2017 , jessescrossroadscafe.blogspot.com )
- 20170729 : Collateral Damage ( Jul 29, 2017 , www.unz.com )
- 20170728 : The new sanctions expose that the US political establishment, spearheaded by the intelligence agencies is opposed to any shift away from the anti-Russia policy developed under the Obama administration. ( Jul 28, 2017 , marknesop.wordpress.com )
- 20170728* Perhaps Trump asked Sessions to fire Mueller and Sessions refused? ( Jul 28, 2017 , turcopolier.typepad.com ) [Recommended]
- 20170728 : The Serbs were murdering Toms like flies back in 1999 using the Vietnam-War era vintage SA-7s. Or a good old Shilka and the radar turned on. ( Jul 28, 2017 , mihsislander.org )
- 20170726 : Evolution of Frederich von Haek ( Jul 26, 2017 , www.bradford-delong.com )
- 20170725 : Murder, Spies And Weapons - Three Fascinating 'Deep State' Stories ( Jul 25, 2017 , www.moonofalabama.org )
- 20170725 : Stockman On Peak Bull: Fake Economy And Fake News ( Stockman On Peak Bull: Fake Economy And Fake News, Jul 25, 2017 )
- 20170723 : Debts That Cannot Be Paid Will Not Be by T Sabri Öncü ( Jul 21, 2017 , www.nakedcapitalism.com )
- 20170723 : They are all losing money. Proppant isn"t free. If you use more of it, it costs more. If you add a different kind it costs more. And the executive bonuses are production based, not profit based. If they can get other people to fund via loans those bonuses then of course they will do it. ( Jul 23, 2017 , peakoilbarrel.com )
- 20170723 : I Have Taken A Closer Look At The Data From EIA... Why Horseman Global Is Aggressively Shorting Shale ( Jul 23, 2017 , www.zerohedge.com )
- 20170723 : I was continually swayed by the statements from the US shale drillers that they have managed to cut breakeven prices even further. ( Jul 23, 2017 , peakoilbarrel.com )
- 20170723 : I view low oil price more like sophisticated financial scam than the result of cost cuts. For the USA dumping shale oil on the market at below cost prices makes perfect sense. ( Jul 23, 2017 , peakoilbarrel.com )
- 20170723 : Shale prices below 60 dollars per barrel are still unrealistic despite all the hoopla about cutting costs ( Jul 23, 2017 , peakoilbarrel.com )
- 20170723 : Most of us have underestimated how successful light-tight frac oil has now become but what is more important we underestimated how successful MRC and associated technology has been for many gulf nations. They postponed the day of reckoning for at least a decade. ( Jul 23, 2017 , peakoilbarrel.com )
- 20170723 : Many critics of the USSR seems to fall into assessment of the Soviet Experiment mode in a careless way. It is terribly misleading to discuss theses questions without any reference to the tremendous impact external pressures had on the course of the Soviet Unions development ( Jul 21, 2017 , www.nakedcapitalism.com )
- 20170722 : Blackshirts and Reds by Michael Parenti is an excellent book about fascism, really existing socialism , and neoliberalism ( Jul 22, 2017 , www.nakedcapitalism.com )
- 20170722 : The historical record of planning is not nearly as bad as is usually made out ( Jul 22, 2017 , www.nakedcapitalism.com )
- 20170721 : How The Elites Betrayed Working-Class America by Bill Bonner ( Jul 21, 2017 , www.zerohedge.com )
- 20170719 : The First Neoliberals: How free-market disciples and union busters became the prophets of American liberalism by Corey Robin ( www.jacobinmag.com )
- 20170719 : The death of neoliberalism and the crisis in western politics ( Jul 19, 2017 , www.theguardian.com )
- 20170719 : A 21st-Century Form of Indentured Servitude Has Already Penetrated Deep into the American Heartland ( Jul 19, 2017 , www.nakedcapitalism.com )
- 20170719 : The First Neoliberals: How free-market disciples and union busters became the prophets of American liberalism by Corey Robin ( 04, 2016 , www.jacobinmag.com )
- 20170718 : The USA revived old tactic of overthrowing the government: using provocateurs ( Jul 18, 2017 , www.moonofalabama.org )
- 20170717 : The dumbing down of America is going full steam ( Jul 16, 2017 , marknesop.wordpress.com )
- 20170717 : It Takes a Theory to Beat a Theory The Adaptive Markets Hypothesis naked capitalism ( Jul 17, 2017 , www.nakedcapitalism.com )
- 20170717 : Hallucinating Banks Believe They Are Technology Start-Ups ( Jul 17, 2017 , www.nakedcapitalism.com )
- 20170717 : Russias anti-American fever goes beyond the Soviet eras by Michael Birnbaum ( Mar 08, 2015 , The Washington Post )
- 20170716 : There is an older abomination, known as outcomes based education, which was a scheme to destroy the syllabus, while keeping teachers too busy with paperwork (recording outcomes ) to preserve copies of the syllabus or properly teach. ( Jul 16, 2017 , marknesop.wordpress.com )
- 20170716 : The dumbing down of America is going full steam ( Jul 16, 2017 , marknesop.wordpress.com )
- 20170713 : How economics became a religion John Rapley ( Jul 13, 2017 , www.theguardian.com )
- 20170712 : The Syrian Test of the Trump-Putin Accord by Ray McGovern ( Jul 10, 2017 , www.unz.com )
- 20170712 : Ever more official lies from the US government by Paul Craig Roberts ( Jul 12, 2017 , www.unz.com )
- 20170711 : Lee Camp Enjoy The Trump Show While Wall Street Pillages The Country ( Jul 11, 2017 , www.nakedcapitalism.com )
- 20170710 : The Media Perpetuated A Clinton Lie For 9 Months. What It Means For The Russia Narrative ( Jul 10, 2017 , dailycaller.com )
- 20170709 : Reality about Obama regime change in Libya is horrifying. Knowledge is the antidote to propaganda and brainwashing which is exactly why it is being increasingly controlled and restricted ( Jul 09, 2017 , www.unz.com )
- 20170708 : How Neoliberalism Survived the Financial Meltdown (w- Philip Mirowski) ( Mar 04, 2015 , www.youtube.com )
- 20170707 : The Power of Siberia gas pipeline, the first to connect Russia and China, will start pumping in December 2019, Gazprom said on Tuesday ( Jul 07, 2017 , marknesop.wordpress.com )
- 20170707 : Can quatar expand its natural gas export volumes? ( Jul 07, 2017 , www.moonofalabama.org )
- 20170705 : NAIRU is dead, not because of measurement problems, but because the underlying employment theory is false ( Jul 05, 2017 , mikenormaneconomics.blogspot.com )
- 20170704* Summers as a defender of Flat Earth theory ( Apr 12, 2017 , economistsview.typepad.com ) [Recommended]
- 20170704 : A plea for bureaucratic socialism ( Jul 04, 2017 , www.nakedcapitalism.com )
- 20170704 : Almost every time I see a "Phillips Curve", I'm reminded how badly understood it is and how poorly economics performs as a scientific discipline ( Jul 04, 2017 , www.nakedcapitalism.com )
- 20170704 : Critical Realism: Mathematics versus Mythematics in Economics ( Oct 02, 2015 , www.debtdeflation.com )
- 20170704 : We should reject masked by mathiness typical neoclassical junk that is mainstream now. ( Mar 03, 2017 , economistsview.typepad.com )
- 20170704 : Is [neoliberal] America Still a Nation ( Jul 04, 2017 , www.unz.com )
- 20170704 : Economics of the Populist Backlash naked capitalism ( Jul 04, 2017 , www.nakedcapitalism.com )
- 20170704 : Why Ukranian economics now is flirting with disaster and why South Stream pipeline was derailed ( fpif.org )
- 20170702 : Does the global neoliberal elite represents a parasitic entity ? If we are talking about financial oligarchy then the answer is yes ( www.moonofalabama.org )
- 20170701 : Jim Chanos: U.S. Economy is Worse Than You Think ( Jul 01, 2017 , www.nakedcapitalism.com )
- 20170701 : The Slogan Globalization Equals Growth Is Wrong by Daniel Gros ( Jun 30, 2017 , www.nakedcapitalism.com )
- 20170701 : Gaius Publius An Investigation in Search of a Crime by Gaius Publius ( Jun 30, 2017 , www.nakedcapitalism.com )
- 20170701 : Americans are mostly either fed-up, checked out, suffering from Stockholm syndrome, or some combination of the these. ( Jul 01, 2017 , www.moonofalabama.org )
- 20170701 : The Corporate Contradictions of Neoliberalism by David Ciepley ( consortiumnews.com )
- 20170625 : Alliance of Trump and the deep state on the basis of neocon agenda is quite possible ( Jun 25, 2017 , economistsview.typepad.com )
- 20170624* The Saudi-Qatar spat - the reconciliation offer to be refused>. Qater will move closer to Turkey ( Jun 23, 2017 , www.moonofalabama.org ) [Recommended]
- 20170621 : The CIAs principal house organ, the New York Times, published a lead editorial Sunday on the investigation into alleged Russian meddling in the 2016 US presidential election that is an incendiary and lying exercise in disinformation aimed at whipping up support for war with Russia. ( Jun 21, 2017 , economistsview.typepad.com )
- 20170617* The Collapsing Social Contract by Gaius Publius ( Jun 16, 2017 , www.nakedcapitalism.com ) [Recommended]
- 20170613 : Neocons want Trump's removal. And it was them who instigated Russiagate using Gene Sharp recipes of color revolution. Classic, textbook attempt to de-legitimize elections. ( Jun 13, 2017 , economistsview.typepad.com )
- 20170613 : Looks like Clinton mafia went va bank in Russiagate ( www.nakedcapitalism.com )
- 20170610 : Democratic candidates are carefully vetted by insiders--the DNC, the DCCC, and the DSCC. Like Bernie, no one gets any party support unless they heel to the neoliberal agenda. ( Jun 10, 2017 , economistsview.typepad.com )
- 20170526 : Huh, so that happened ( May 26, 2017 , crookedtimber.org )
- 20170523 : The recent news as for Rich Seth murder might take Trump probe in a somewhat different direction and put additional pressure of neoliberal, Pelosi-Clinton part of the party leadership ( May 23, 2017 , economistsview.typepad.com )
- 20170521* What Obsessing About Trump Causes Us To Miss by Andrew Bacevich ( May 08, 2017 , www.nakedcapitalism.com ) [Recommended]
- 20170508* Karl Polanyi for President by Patrick Iber and Mike Konczal ( May 04, 2017 , www.dissentmagazine.org ) [Recommended]
- 20170503 : Angus Deatons Letter from America ( Oct 22, 2015 , Economist's View )
- 20170501 : Bush Already Tried Trumps Proposed Corporate Tax Holiday and It Was a Total Failure by Zaid Jilani ( Apr 27, 2017 , theintercept.com )
- 20170501* Trump: A Resisters Guide by Wesley Yang ( Jan 21, 2017 , harpers.org ) [Recommended]
- 20170430 : Donald Trumps Massive Corporate Tax Cut Literally Cannot Pass Congress ( Apr 30, 2017 , economistsview.typepad.com )
- 20170427 : Wall Street Journal Reports on Appearance of Private Equity Self-Dealing at Blackstone and Other Firms Nearly Four Years After We Broke the Story ( Apr 27, 2017 , www.nakedcapitalism.com )
- 20170426 : Wolf Richter Private Equity in the Thick of Bricks and Mortar Retail Implosion naked capitalism , ( Apr 26, 2017 , www.nakedcapitalism.com )
- 20170421 : The Reason Behind The Sales-Surge For Nuclear-Proof Bunkers Zero Hedge ( Apr 15, 2017 , www.zerohedge.com )
- 20170419 : Bannons Worldview Dissecting the Message of The Fourth Turning ( Apr 19, 2017 , www.nytimes.com )
- 20170418* Atomization of workforce as a part of atomization of society under neoliberalism ( Apr 18, 2017 , www.nakedcapitalism.com ) [Recommended]
- 20170417 : The two party system is THE PROBLEM. ( Apr 17, 2017 , economistsview.typepad.com )
- 20170413 : The USA is treating Russia like Romans treated Carnage ( Apr 13, 2017 , economistsview.typepad.com )
- 20170412 : Johnson stung over sanctions against Russia ( Apr 12, 2017 , economistsview.typepad.com )
- 20170412 : When asked Monday by Post columnist Michael Goodwin if he still had confidence in Bannon, Trump didn t exactly give a ringing endorsement ( Apr 12, 2017 , economistsview.typepad.com )
- 20170407 : US Launches Airstrikes Against Syria (Updated) ( Apr 07, 2017 , www.nakedcapitalism.com )
- 20170407 : The 80s were a decade of decline, but so was the 00s, except the 00s started from a lower base so fewer people were impoverished in the 80s, with working class made lower middle class. The 00s made lower middle class into working poor. ( Apr 07, 2017 , economistsview.typepad.com )
- 20170406 : Susan Rice just called counter intelligence the politically motivated surveillance of republicans ( Apr 06, 2017 , economistsview.typepad.com )
- 20170401 : What Devin Nunes Knows ( Apr 01, 2017 , www.nakedcapitalism.com )
- 20170331 : Venezuela no longer pretends to be a Democracy, The USA pretends, but does it change anything? ( Mar 31, 2017 , economistsview.typepad.com )
- 20170327 : As soon as any intelligence agency becomes a political player this means effective end of any, even traditional the USA form of façade-based , two party oligarchical rule called democracy ( Mar 27, 2017 , economistsview.typepad.com )
- 20170323 : On the congressional Russian pant sniffing hearings, this is most worthy of a fast read ( Mar 23, 2017 , www.nakedcapitalism.com )
- 20170323 : Ukrainian efforts to sabotage Trump backfire ( Mar 23, 2017 , www.nakedcapitalism.com )
- 20170321 : Why No One Is Taking Robert Samuelson's Medicaid Deal Seriously ( Mar 21, 2017 , economistsview.typepad.com )
- 20170319 : The benefit of state-media propaganda: government claims shape headlines, no dissent, opposing views included ( Mar 19, 2017 , economistsview.typepad.com )
- 20170317 : One needs to read Gene Sharp books to learn about 198 specific methods (within the broad classes of nonviolent protest and persuasion, non-cooperation (social, economic and political) and nonviolent intervention ) used to depose the legitimate governments by intelligence agencies ( Mar 16, 2017 , economistsview.typepad.com )
- 20170317 : Sean Spicer just suggested that Obama used British intelligence to spy on Trump ( Mar 17, 2017 , economistsview.typepad.com )
- 20170311 : Ukraine crisis: the neo-Nazi brigade fighting pro-Russian separatists ( Mar 11, 2017 , economistsview.typepad.com )
- 20170311 : Whos Telling the Big Lie on Ukraine? ( Mar 11, 2017 , economistsview.typepad.com )
- 20170311 : When 'democratic' elections are required, elites can't preserve their monopoly on power unless the electorate gets split on issues besides economic ones. Therefore, identity issues and two party system ( Mar 11, 2017 , economistsview.typepad.com )
- 20170310 : The campaign to frame up and discredit Trump and his associates is characteristic of how a police state routinely operates ( Mar 10, 2017 , www.nakedcapitalism.com )
- 20170310 : The neoliberal media blizzard over the American Health Care Act is not about people dying in the streets nor [OMG] tax cuts for people with too much power. It is red herring to preserve neocons attack on Trump ( Mar 10, 2017 , economistsview.typepad.com )
- 20170309 : Wiretarring scandal is a sign of empire in decay ( Mar 08, 2017 , www.nakedcapitalism.com )
- 20170309 : Gaius Publius: Explosive WikiLeaks Release Exposes Massive, Aggressive CIA Cyber Spying, Hacking Capability ( Mar 09, 2017 , www.nakedcapitalism.com )
- 20170307 : Unfounded accuzation Russians are coming has been okay for the past 9 month, now that the president is uncovering the deep states assault on the Bill of Rights conspiracy theories are an issue! ( Mar 07, 2017 , economistsview.typepad.com )
- 20170305 : Comey Asks Justice Dept. to Reject Trumps Wiretapping Claim by MICHAEL S. SCHMIDT and MICHAEL D. SHEAR ( Mar 05, 2017 , economistsview.typepad.com )
- 20170303 : let s assume Trump is impeached and removed from power. What s next ? ( Mar 03, 2017 , economistsview.typepad.com )
- 20170226 : The essence of deep state meme is that color revolution ( nicknamed purple revolution ) is launched against Trump by a coalition of Democratic Party operatives, a faction of ( Feb 26, 2017 , economistsview.typepad.com )
- 20170226 : Clowbacks to benefits manager is like crack cocaine ( Feb 26, 2017 , economistsview.typepad.com )
- 20170225 : The push for economic oligarchy under neoliberalism is continual, so must be the push back. ( Feb 25, 2017 , economistsview.typepad.com )
- 20170225 : The essence of deep state meme is that color revolution ( nicknamed purple revolution ) is launched against Trump by a coalition of Democratic Party operatives, a faction of Wall Street (Globalist Billionaires), a faction of MIC, and powerful factions of three letter agencies (and first of all CIA). ( Feb 25, 2017 , economistsview.typepad.com )
- 20170220 : Republicans as the party of a better yesterday ( Feb 20, 2017 , economistsview.typepad.com )
- 20170220 : Trump Chooses General McMaster as National Security Adviser ( Feb 20, 2017 , economistsview.typepad.com )
- 20170219 : A re we close to the stage when a false flag operation against Trump (like shooting of protesters) will be deployed, or not yet ? ( Feb 19, 2017 , economistsview.typepad.com )
- 20170219 : How close the deep state is to shooting protesters from rooftops and blaming this on Trump: 12 signs of the color revolution and Trump Derangement Syndrome ( Feb 19, 2017 , economistsview.typepad.com )
- 20170219 : The deep state is running scared! ( Feb 19, 2017 , economistsview.typepad.com )
- 20170219 : How do you like the NKVD libruls afraid of Trump bringing fascism who were running a gestapo (the FBI wiring tapping other countrys Ministers) on US citizens of the opposing party? ( Feb 19, 2017 , economistsview.typepad.com )
- 20170129 : How Obama Framed Trump with Faux Mortgage Insurance Rate Decrease ( Jan 29, 2017 , www.nakedcapitalism.com )
- 20170124 : The Definitive Demise of the Debunked Dodgy Dossier on The Donald ( Jan 23, 2017 , www.nakedcapitalism.com )
- 20170124 : How Private Equity Firms are Designed to Earn Big While Risking Little of Their Own ( Jan 24, 2017 , economistsview.typepad.com )
- 20170122 : Disruption of neoliberal status quo and sending Hillary and some other neocon warmongers packing is already an imporatn Trump achievement, not matter how successful he might be in domestic economic policy ( Jan 22, 2017 , economistsview.typepad.com )
- 20170121 : For the first time in the lives of just about all of you we are all less likely to see the most powerful nation on earth overthrow another government in the Middle East. ( Jan 21, 2017 , crookedtimber.org )
- 20170121 : The billionaire Warren Buffett to Trump: "I feel that way no matter who is president, the CEO -- which I am -- should have the ability to pick people that help you run a place." ( Jan 21, 2017 , economistsview.typepad.com )
- 20170120 : I don't think much of Trump but it is kind of amusing to see the elites, who screwed over most of the population, now having nervous breakdowns. ( Jan 20, 2017 , economistsview.typepad.com )
- 20170118 : What happens if Trump and co decide to purge intelligence agencies of individuals they consider undesirable? ( Jan 18, 2017 , economistsview.typepad.com )
- 20170117 : If we assume that Trump is a narcissist he might go not after China, but after national security parasites who tried to pull J. Edgar Hoover on him. ( Jan 17, 2017 , economistsview.typepad.com )
- 20170117 : Hillary was the chosen candidate of the deep-state and international finance capital. They actually don't care if politician belong to 'D' or 'R' branch of the establishment party. They are only concerned how well they will serve the US led global neoliberal empire ( Jan 17, 2017 , economistsview.typepad.com )
- 20170116 : Has the imperator surrounded himself with the wrong praetorians? ( Jan 16, 2017 , economistsview.typepad.com )
- 20170116 : Trump said he will target pharmaceutical companies over drug prices and demand that they negotiate directly with Medicaid and Medicare. ( Jan 16, 2017 , economistsview.typepad.com )
- 20170115 : United States sends 4000 troops to Poland, a fraction of a brigade. It is what some call a tripwire, in case of war a forlorn hope! When that forlorn hope is snuffed the nukes come out! ( Jan 15, 2017 , economistsview.typepad.com )
- 20170109 : Who Will Donald Trump Turn Out To Be ( Jan 09, 2017 , economistsview.typepad.com )
- 20170106 : Did Trump has converted the GOP into a populist, America First party ( Jan 06, 2017 , economistsview.typepad.com )
- 20170106 : Is the USA a democracy or oligarchic republic ( Jan 06, 2017 , economistsview.typepad.com )
- 20170106 : If we consider two possibilities: GOP establishment chew up Trump and Trump chew up GOP establishment it is clear that possibility is more probable. ( Jan 06, 2017 , economistsview.typepad.com )
- 20161227 : Wielding Claims of Fake News, Conservatives Take Aim at Mainstream Media ( Dec 25, 2016 , www.nytimes.com )
- 20161218 : Tancredo Would Republican Establishment Use Impeachment to Block Trump Agenda ( Dec 18, 2016 , www.breitbart.com )
- 20161218 : America is a banana republic! FBI chief agrees with CIA on Russias alleged election help for Trump ( www.sott.net )
- 20161205 : Backlash Against Trade Deals: The End of US Led Economic Globalisation? ( Sep 22, 2016 , www.nakedcapitalism.com )
- 20161123 : Trump will have as many problems with Ayn Ryan Congress as Obama/Clinton on economic issues ( Nov 23, 2016 , www.nakedcapitalism.com )
- 20161119 : Neoliberalism created the highly centralized State and the globalized market that has resulted in an unprecedented concentration of power and wealth and redefined regular notion of left and right ( Nov 19, 2016 , www.nakedcapitalism.com )
- 20161119 : The Democratic party lost its soul. Its time to win it back ( Nov 19, 2016 , www.theguardian.com )
- 20161119 : The Origins of the Republican Media Machine ( Oct 16, 2016 , nationalinterest.org )
- 20161115 : Over half of Ukraines population lives below poverty level ( Nov 15, 2016 , eadaily.com )
- 20161111 : The Democratic party didnt demolish itself. It engaged willfully and knowingly in a radical makeover in the 90s. It wanted to be the political arm-candy of Wall Street and global capital ( Nov 11, 2016 , crookedtimber.org )
- 20161106 : Putin Tells Everyone Exactly Who Created ISIS - YouTube ( Nov 06, 2016 , www.youtube.com )
- 20161025 : Dean Baker: Rigged – How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer ( Oct 25, 2016 , www.nakedcapitalism.com )
- 20161021 : The capitalist crisis and the radicalization of the working class in 2012 - World Socialist Web Site by David North ( Jan 30, 2012 , www.wsws.org )
- 20160914 : Noam Chomsky WikiLeaks Cables Reveal Profound Hatred for Democracy on the Part of Our Political Leadership, Noam Chomsky interviewed by Amy Goodman ( www.chomsky.info )
- 20160806 : Vladimir Putin Issued a Chilling Warning to the United States ( Aug 04, 2016 , theantimedia.org )
- 20160112 : Deep State controls that county. Voting Is for Chumps ( www.moonofalabama.org )
September 23, 2018 at 7:59 am
Today at 02:24
September 23, 2018 at 8:08 am
потока – 2" не
смысла Poroshenko has told Germans that the
construction of "North Stream 2" makes no sense.
По его словам,
According to him, it is much more profitable to send Russian gas to Europe through the
Ukraine, and the new pipeline is just a "tool to pressurize" on Europe
Please help me get even more wealthier, I beg you!
The leader of "Independent" Ukraine, Petro Poroshenko, has once again tried to convince
Europeans that they do not need the "North Stream 2", pipeline, which is being constructed on
the bed of the Baltic sea, bypassing the Ukraine
"This pipeline makes no sense from an economic point of view. This is a Russian attempt
to weaken the Ukraine, which previously received about three billion dollars annually for
transit", he said in an interview with German newspaper "Rheinische Post".
According to Poroshenko, "Why spend $20 billion on a pipeline", if his country "has
more than sufficient logistical capacity for the delivery of Russian gas to Europe". He
stressed that "the facts speak against" this project.
The President of the Ukraine has decided to warn his "European friends" that the gas
pipeline "North Stream 2" is "a geopolitical instrument of pressure on Western Europe, and
that the dependence of European countries on gas supplies from Russia is opening up a wide
area for their blackmailing".
Recall, as reported by the website kp.ru previously, the Chancellor of Germany, Angela
Merkel, speaking at a joint press conference with the President of Lithuania, Dalia
Grybauskaite, and the Prime Ministers of the three Baltic State countries, stated the
importance of the "North Stream 2" project for Germany, noting that the need of her contry
for natural gas supplies will only grow.
Put a sock in it, Banderatard. Nord Stream II makes sense merely because it removes the $3
billion per year of transit fees you parasites charge. The Banderatard thinks that everyone
is an innumerate moron.
September 23, 2018 at 11:24 am
I notice the estimated transit fees have gone up by almost a billion dollars. I wonder if
they have budgeted in planned increases if they are successful at getting Nord Stream II shut
down. Or were they just low-balling the figures before, like when they were joking about the
planned pipeline and how it would make no difference to Ukraine?
September 23, 2018 at 9:02 am
Ignoring reality and focusing just on a comparison of a $3 billion recurring expense versus a
$20 billion CAPEX, a ROI of less than 7 years is quite respectable for a major project.
September 23, 2018 at 11:06 am
They charge 3 billion today but may well want 6 billion tomorrow. This Banderite mafioso is
basically trying to sell his protection racket.
"... Steele also had extensive contacts with DOJ official Bruce Ohr and his wife Nellie, who - along with Steele - was paid by opposition research firm Fusion GPS in the anti-Trump campaign. Trump called for the declassification of FBI notes of interviews with Ohr, which would ostensibly reveal more about his relationship with Steele. Ohr was demoted twice within the Department of Justice for lying about his contacts with Fusion GPS. ..."
"... Perhaps the Brits are also concerned since much of the espionage performed on the Trump campaign was conducted on UK soil throughout 2016 . Recall that Trump aid George Papadopoulos was lured to London in March, 2016, where Maltese professor Joseph Mifsud fed him the rumor that Russia had dirt on Hillary Clinton. It was later at a London bar that Papadopoulos would drunkenly pass the rumor to Australian diplomat Alexander Downer (who Strzok flew to London to meet with). ..."
"... In short, it's understandable that the UK would prefer to hide their involvement in the "witch hunt" of Donald Trump since much of the counterintelligence investigation was conducted on UK soil. And if the Brits had knowledge of the operation, it will bolster claims that they meddled in the 2016 US election by assisting what appears to have been a set-up from the start . ..."
"... Steele's ham-handed dossier is a mere embarrassment, as virtually none of the claims asserted by the former MI6 agent have been proven true. ..."
"... I find it interesting that the Theresa May Govt in UK has the temerity to interfere with US politics (until they got caught out!), yet can't find the spine to stand up to the EU. ..."
"... THE UNITED KINGDOM along with ISRAEL & SAUDI ARABIA have always been the ones behind US Politics making, pulling the strings behind the curtains since the Petrodollar Inception, The Greater Israel project & the NWO initiative - only this time around Trump was not the UK's pick... ..."
"... England dominates the offshore money laundering havens where the super rich hide their money and evade taxes. They need to be brought down. No more African dictators looting their nation's resources and hiding the money first in offshore banks and then in JP Morgan and Brit banks. ..."
"... It is a test. If Trump doesn't go ahead with declassification, we know for sure he is no better than the globalists and neocons whose goal has always been to destroy and depopulate America. ..."
"... 'focusing on the former MI6 agent while ignoring the multitude of events which occurred on UK soil, is curious' ..."
"... Not at all. It's obvious - the problem ISN'T Steele. They're living in fear, as are many in DC and elsewhere, that Trump is going to pry the lid open and reveal at least some of their activities. If killing him would fix the problem, they would. It's too late, considering what Trump is threatening to do. I wonder if he'll back down, at least some? ..."
"... U.S. spies lure you overseas then...compromise you. ..."
"... Duh. This Started In London! Britain is the "foreign country" involved in our elections. Wake up everyone. It's LONDONGATE ..."
"... "t's hard to tell who's telling the truth and who isn't in this whole Russia narrative. Fact is, NOBODY is telling the truth. That is what I've determined after doing my own research.": https://youtu.be/2AA5BIfGj3g ..."
"... trump made promises before being elected, then lied and sold America out, just like every other corrupted assklown politician. he is no different than clinton bush obama, just as arrogant, just as corrupt, and just as much a traitor. ..."
UK Begged Trump Not To Declassify Russia Docs; Cited "Grave Concerns" Over Steele
by Tyler Durden
Sun, 09/23/2018 - 11:15 4.6K SHARES
The British government "expressed grave concerns" to the US government over the
declassification and release of material related to the Trump-Russia investigation, according
to the New
York Times . President Trump ordered a wide swath of materials "immediately" declassified
"without redaction" on Monday, only to
change his mind later in the week by allowing the DOJ Inspector General to review the
The Times reports that the UK's concern was over material which "includes direct references
to conversations between American law enforcement officials and Christopher Steele," the former
MI6 agent who compiled the infamous "Steele Dossier." The UK's objection, according to former
US and British officials, was over revealing Steele's identity in an official document,
"regardless of whether he had been named in press reports."
We would note, however, that Steele's name was contained within the Nunes Memo
- the House Intelligence Committee's majority opinion in the Trump-Russia case.
Steele also had
extensive contacts with DOJ official Bruce Ohr and his wife Nellie, who - along with Steele
- was paid by opposition research firm Fusion GPS in the anti-Trump campaign. Trump called for
the declassification of FBI notes of interviews with Ohr, which would ostensibly reveal more
about his relationship with Steele. Ohr was demoted twice within the Department of Justice for
lying about his contacts with Fusion GPS.
Perhaps the Brits are also concerned since much of the espionage performed on the Trump
campaign was conducted on UK soil throughout 2016 . Recall that Trump aid George Papadopoulos
was lured to London in March, 2016, where Maltese professor Joseph Mifsud fed him the rumor
that Russia had dirt on Hillary Clinton. It was later at a London bar that Papadopoulos would
drunkenly pass the rumor to Australian diplomat Alexander Downer (who Strzok flew to London to
Also recall that CIA/FBI "informant" (spy) Stefan Halper met with both Carter Page
and Papadopoulos in
Halper, a veteran of four Republican administrations, reached out to Trump aide George
Papadopoulos in September 2016 with an offer to fly to London to write an academic paper on
energy exploration in the Mediterranean Sea.
Papadopoulos accepted a flight to London and a $3,000 honorarium. He claims that during a
meeting in London, Halper asked him whether he knew anything about Russian hacking of
Papadopoulos had other contacts on British soil that he now believes were part of a
government-sanctioned surveillance operation. - Daily Caller
In total, Halper received over $1 million from the Obama Pentagon for "research," over
$400,000 of which was granted before and during the 2016 election season.
In short, it's understandable that the UK would prefer to hide their involvement in the
"witch hunt" of Donald Trump since much of the counterintelligence investigation was conducted
on UK soil. And if the Brits had knowledge of the operation, it will bolster claims that they
meddled in the 2016 US election by assisting what appears to have been a
set-up from the start .
Steele's ham-handed dossier is a mere embarrassment, as virtually none of the claims
asserted by the former MI6 agent have been proven true.
Steele, a former MI6 agent, is the author of the infamous and unverified anti-Trump
dossier. He worked as a confidential human source for the FBI for years before the
relationship was severed just before the election because of Steele's unauthorized contacts
with the press.
He shared results of his investigation into Trump's links to Russia with the FBI beginning
in early July 2016.
The FBI relied heavily on the unverified Steele dossier to fill out applications for four
FISA warrants against Page. Page has denied the dossier's claims, which include that he was
the Trump campaign's back channel to the Kremlin. - Daily Caller
That said, Steele hasn't worked for the British government since 2009, so for their excuse
focusing on the former MI6 agent while ignoring the multitude of events which occurred on UK
soil, is curious.
StychoKiller , 54 minutes ago
texantim , 1 hour ago
I find it interesting that the Theresa May Govt in UK has the temerity to interfere with
US politics (until they got caught out!), yet can't find the spine to stand up to the EU. If
I were Trump, not only would the shoe be dropping re: UK Govt involvement in US politics, but
said shoe would be making an imprint across her face! (stoopid twat!)
BitchesBetterRecognize , 1 hour ago
I say release the docs and put sanctions on UK.
Baron von Bud , 2 hours ago
So the Motherland ******* up with the ex-colony yet again, huh?
THE UNITED KINGDOM along with ISRAEL & SAUDI ARABIA have always been the ones behind
US Politics making, pulling the strings behind the curtains since the Petrodollar Inception,
The Greater Israel project & the NWO initiative - only this time around Trump was not the
Oh, but those "civilized" Allies backstabbing each other for more power grip on the
Malvern Joe , 3 hours ago
England dominates the offshore money laundering havens where the super rich hide their
money and evade taxes. They need to be brought down. No more African dictators looting their
nation's resources and hiding the money first in offshore banks and then in JP Morgan and
Many hedge funds are deep into this game. I'd wager on Carlyle Group and the Bush
clan. Billions of people can't get ahead because the super rich are ******* crooks running
the banks and governments. They don't pay taxes but force a small dry cleaner to pay 45% in
fed/state taxes. These criminals include Hillary Clinton and many members of congress.
Feinstein, Pelosi, Maxine and many more of both parties need to be investigated. How do they
get so rich on a congressman's salary. Deep into tax evasion and payoffs? Release the
documents and let MI6 hang.
Bricker , 3 hours ago
It is a test. If Trump doesn't go ahead with declassification, we know for sure he is no
better than the globalists and neocons whose goal has always been to destroy and depopulate
America. It would represent the biggest sellout of this country since the creation of the Fed
in 1913, He will go down as the biggest fraud ever and his base will deport his *** to the
sums of India where he can defecate in public.
Moving and Grooving , 3 hours ago
You dont get to supply a rogue agent, that was probably told to do it in the first place,
and then tell Trump not to do it out of harm, harm is all you BRIT DEEP STATES deserve
Ban KKiller , 4 hours ago
'focusing on the former MI6 agent while ignoring the multitude of events which occurred on
UK soil, is curious'
Not at all. It's obvious - the problem ISN'T Steele. They're living in fear, as are many
in DC and elsewhere, that Trump is going to pry the lid open and reveal at least some of
their activities. If killing him would fix the problem, they would. It's too late,
considering what Trump is threatening to do. I wonder if he'll back down, at least some?
The sheer corruption of the Global Government is on display here, revealing itself, if you
watch for it. Whether planned or not, the last 6 months or so have been astonishing to watch.
The entire media has been shown to be liars, academia is shown to be an expensive provider of
unprepared students, the corporate world is furiously rent-seeking and finding new ways to
destroy humanity, and government is too busy selling Americans out to write a budget. In all
countries around the world, adjusting for national status. Lawsuits in the west, machetes in
the third world.
John C Durham , 4 hours ago
U.K. does not want the jurisdiction. U.S. spies lure you overseas then...compromise you.
Anunnaki , 4 hours ago
Duh. This Started In London! Britain is the "foreign country" involved in our elections.
Wake up everyone. It's LONDONGATE .
PeaceForWorld , 4 hours ago
May gonna owe Vlad an apology when Skripal is revealed to be Steele's source. Steele himself hadn't been to Russian in 15 years. Will he get life in prison for attempted murder?
Buddha71 , 4 hours ago
"t's hard to tell who's telling the truth and who isn't in this whole Russia narrative.
Fact is, NOBODY is telling the truth. That is what I've determined after doing my own
I really like this woman "Shut the **** up!". She is a former Bernie supporter just like
me. She has turned against Democrats just like me. She doesn't trust any of the Establishment
trump made promises before being elected, then lied and sold America out, just like every other
corrupted assklown politician. he is no different than clinton bush obama, just as arrogant,
just as corrupt, and just as much a traitor. he has broken the promises upon which he was
elected, just like all the other fkn liars before him. no different. just a pos. he has not
made america great again, just more of the same, unemployment is a lie, it is closer to
September 22, 2018 at 11:49 am
From the Super Schadenfreude Press:
"UK Prime Minister Theresa May suffered political humiliation in Salzburg, when European
Union (EU) leaders rebuffed her appeal to give at least conditional support to her Chequers
proposal for a "soft Brexit."
May was given only 10 minutes to address EU heads of state Wednesday, after dinner at the
informal summit, during which she appealed to her audience, "You are participants in our
debate, not just observers."
She said she had counted on at least supportive noises for her "serious and workable"
plan, given that she was seeking to head off a potential challenge from the
"hard-Brexit"/Eurosceptic wing of the Conservative Party. She warned that the UK could be
torn apart -- with respect to Northern Ireland and Scotland, as well as by social tensions;
that if her government fell, Jeremy Corbyn's Labour Party could win a general election; and
cited the potential damage to the EU itself of lost trade, investment and military support
from the UK.
Instead, her address was met with silence and her implied threats were stonewalled, as the
main players within the EU combined the next day to declare her proposals to be
No matter how these conflicts play out, Britain and the whole of Europe face a worsening
crisis that threatens to tear the EU apart. The growth of both inter-imperialist and social
antagonisms found dramatic form in Brexit, which the dominant sections of the City of London,
big business, all the major parties and Britain's allies in the US and Europe all opposed.
Yet two years later, May is fighting a desperate struggle against her anti-EU "hard-Brexit"
faction, the US is led by a president who has declared his support for the breakup of the EU,
and numerous far-right governments have taken power in part by exploiting popular hostility
to EU-dictated austerity."
"worsening crisis that threatens to tear the EU-(and hence NATO)- apart. " .
Steve Paikin, host of the TVOntario (TVO) program The Agenda with Steve Paikin ,
speaks with Pulitzer Prize-winning journalist Chris Hedges, a vociferous public critic of
presidents on both sides of the American political spectrum, and author of the new book,
the Farewell Tour . Hedges delivers the biting assessment of the state of American
democracy that our neighbors to the North are not polite enough to say on their own.
"... We've seen it before : a newspaper and individual reporters get a story horribly wrong but instead of correcting it they double down to protect their reputations and credibility - which is all journalists have to go on - and the public suffers. ..."
"... The Times' unsteady conviction is summed up in this paragraph, which the paper itself then contradicts only a few paragraphs later: "What we now know with certainty: The Russians carried out a landmark intervention that will be examined for decades to come. Acting on the personal animus of Mr. Putin, public and private instruments of Russian power moved with daring and skill to harness the currents of American politics. Well-connected Russians worked aggressively to recruit or influence people inside the Trump campaign." ..."
We've seen it before : a newspaper and individual reporters get a story horribly wrong but
instead of correcting it they double down to protect their reputations and credibility - which
is all journalists have to go on - and the public suffers.
Sometimes this maneuver can contribute to a massive loss of life. The most egregious example
was the reporting in the lead-up to the invasion of Iraq. Like nearly all Establishment media,
The New York Times got the story of Iraq's weapons of mass destruction -- the major casus belli
for the invasion -- dead wrong. But the Times , like the others, continued publishing stories
without challenging their sources in authority, mostly unnamed, who were pushing for war.
The result was a disastrous intervention that led to hundreds of thousands of civilian
deaths and continued instability in Iraq, including the formation of the Islamic State.
In a massive Times '
article published on Thursday, entitled, "A Plot to Subvert an Election: Unravelling the
Russia Story So Far," it seems that reporters Scott Shane and Mark Mazzetti have succumbed to
the same thinking that doubled down on Iraq.
They claim to have a "mountain of evidence" but what they offer would be invisible on the
With the mid-terms looming and Special Counsel Robert Mueller unable to so far come up with
any proof of collusion between Russia and the Trump campaign to steal the 2016 election -- the
central Russia-gate charge -- the Times does it for him, regurgitating a Russia-gate Round-Up
of every unsubstantiated allegation that has been made -- deceptively presented as though it's
all been proven.
Mueller: No collusion so far.
This is a reaffirmation of the faith, a recitation of what the Russia-gate faithful want to
believe is true. But mere repetition will not make it so.
The Times' unsteady conviction is summed up in this paragraph, which the paper itself then
contradicts only a few paragraphs later: "What we now know with certainty: The Russians carried out a landmark intervention that will
be examined for decades to come. Acting on the personal animus of Mr. Putin, public and private
instruments of Russian power moved with daring and skill to harness the currents of American
politics. Well-connected Russians worked aggressively to recruit or influence people inside the
But this schizoid approach leads to the admission that "no public evidence has emerged
showing that [Trump's] campaign conspired with Russia."
The Times also adds: "There is a plausible case that Mr. Putin succeeded in delivering the
presidency to his admirer, Mr. Trump, though it cannot be proved or disproved."
This is an extraordinary statement. If it cannot be "proved or disproved" what is the point
of this entire exercise: of the Mueller probe, the House and Senate investigations and even of
this very New York Times article?
Attempting to prove this constructed story without proof is the very point of this
piece.A Banner Day
The 10,000-word article opens with a story of a pro-Russian banner that was hung from the
Manhattan Bridge on Putin's birthday, and an anti-Obama banner hung a month later from the
Memorial Bridge in Washington just after the 2016 election.
On public property these are constitutionally-protected acts of free speech. But for the
Times , "The Kremlin, it appeared, had reached onto United States soil in New York and
Washington. The banners may well have been intended as visual victory laps for the most
effective foreign interference in an American election in history."
Kremlin: Guilty, says NYT. (Robert Parry, 2016)
Why? Because the Times tells us that the "earliest promoters" of images of the banners were
from social media accounts linked to a St. Petersburg-based click-bait farm, a company called
the Internet Research Agency. The company is not legally connected to the Kremlin and any
political coordination is pure speculation. IRA has been
explained convincingly as a commercial and not political operation. Its aim is get and sell
For instance the company conducted pro and anti-Trump rallies and social media messages, as
well as pro and anti-Clinton. But the Times , in classic omission mode, only reports on "the
anti-Clinton, pro-Trump messages shared with millions of voters by Russia." Sharing with
"millions" of people on social media does not mean that millions of people have actually seen
those messages. And if they had there is little way to determine whether it affected how they
voted, especially as the messages attacked and praised both candidates.
The Times reporters take much at face value, which they then themselves undermine. Most
prominently, they willfully mistake an indictment for a conviction, as if they do not know the
This is in the category of Journalism 101. An indictment need not include evidence and under
U.S. law an indictment is not evidence. Juries are instructed that an indictment is merely an
accusation. That the Times commits this cardinal sin of journalism to purposely confuse
allegations with a conviction is not only inexcusable but strikes a fatal blow to the
credibility of the entire article.
It actually reports that "Today there is no doubt who hacked the D.N.C. and the Clinton
detailed indictment of 12 officers of Russia's military intelligence agency, filed in July
by Mr. Mueller, documents their every move, including their break-in techniques, their tricks
to hide inside the Democrats' networks and even their Google searches."
Who needs courts when suspects can be tried and convicted in the press?
What the Times is not taking into account is that Mueller knows his indictment will never be
tested in court because the GRU agents will never be arrested, there is no extradition treaty
between the U.S. and Russia and even if it were miraculously to see the inside of a courtroom
Mueller can invoke states secrets privilege to show the "evidence" to a judge with clearance in
his chambers who can then emerge to pronounce "Guilty!" without a jury having seen that
This is what makes Mueller's indictment more a political than a legal document, giving him
wide leeway to put whatever he wants into it. He knew it would never be tested and that once it
was released, a supine press would do the rest to cement it in the public consciousness as a
conviction, just as this Times piece tries to do.Errors of Commission and Omission
There are a series of erroneous assertions and omissions in the Times piece, omitted because
they would disturb the narrative:
- Not mentioning that the FBI was never given access to the DNC server but instead gullibly
believing the assertion of the anti-Russian private company CrowdStrike, paid for by the DNC,
that the name of the first Soviet intelligence chief found in metadata proves Russia was
behind the hack. Only someone wanting to be caught would leave such a clue.
- Incredibly believing that Trump would have launched a covert intelligence operation on
live national television by asking Russia to get 30,000 missing emails.
Trump: Sarcastically calls on Russia to get Clinton emails.
- Ignoring the possible role of the MI6, the CIA and the FBI setting up Trump
campaign members George Papadopoulos and Carter Page as "colluders" with Russia.
- Repeating misleading statements about the infamous Trump Tower meeting, in which Trump's
son did not seek dirt on Clinton but was offered it by a music promoter, not the Russian
government. None was apparently produced. It's never been established that a campaign
receiving opposition research from foreigners is illegal (though the Times has decided that
it is) and only the Clinton campaign was known to have obtained any.
- Making no mention at all of the now discredited opposition research dossier paid for by
the Clinton campaign and the DNC from foreign sources and used by the FBI to get a warrant to
spy on Carter Page and potentially other campaign members.
- Dismissing the importance
of politicized text messages between FBI agents Peter Strzok and Lisa Page because the pair
were "skewered regularly on Mr. (Sean) Hannity's show as the 'Trump-hating F.B.I.
- Putting down to "hyped news stories" the legitimate fear of a new McCarthyism against
anyone who questions the "official" story being peddled here by the Times .
- Seeking to get inside Putin's head to portray him as a petulant child seeking personal
revenge against Hillary Clinton, a tale long peddled by Clinton and accepted without
reservation by the Times.
- Pretending to get into Julian Assange's head as well, saying he "shared Mr. Putin's
hatred of Mrs. Clinton and had a soft spot for Russia." And that Assange "also obscured the
Russian role by fueling a right-wing conspiracy theory he
knew to be false."
- Ignoring findings backed
by the Veteran Intelligence Professionals for Sanity that the DNC emails were leaked and not
- Erroneously linking the timing of WikiLeaks' Podesta emails to deflect attention from the
"Access Hollywood" tape, as
debunked in Consortium News by Italian journalist Stefania Maurizi, who worked with
WikiLeaks on those emails.
The piece swallows whole the Establishment's geo-strategic Russia narrative, as all
corporate media do. It buys without hesitation the story that the U.S. seeks to spread
democracy around the world, and not pursue its economic and geo-strategic interests as do all
The Times reports that, "The United States had backed democratic, anti-Russian forces in the
so-called color revolutions on Russia's borders, in Georgia in 2003 and Ukraine in 2004." The
Times has also spread the erroneous story of a democratic revolution in Ukraine in 2014,
omitting crucial evidence of
a U.S.-backed coup.
The Times disapprovingly dismisses Trump having said on the campaign trail that "Russia was
not an existential threat, but a potential ally in beating back terrorist groups," when an
objective view of the world would come to this very conclusion.
The story also shoves aside American voters' real concerns that led to Trump's election. For
the Times, economic grievances and rejection of perpetual war played no role in the election of
Trump. Instead it was Russian influence that led Americans to vote for him, an absurd
proposition defied by a Gallup poll in July that
showed Americans' greatest concerns being economic. Their concerns about Russia were
statistically insignificant at less than one percent.
Ignoring Americans' real concerns exposes the class interests of Times staffers and editors
who are evidently above Americans' economic and social suffering. The Times piece blames Russia
for social "divisions" and undermining American democracy, classic projection onto Moscow away
from the real culprits for these problems: bi-partisan American plutocrats. That also insults
average Americans by suggesting they cannot think for themselves and pursue their own interests
without Russia telling them what to do.
Establishment reporters insulate themselves from criticism by retreating into the exclusive
Establishment club they think they inhabit. It is from there that they vicariously draw their
strength from powerful people they cover, which they should instead be scrutinizing. Validated
by being close to power, Establishment reporters don't take seriously anyone outside of the
club, such as a website like Consortium News.
But on rare occasions they are forced to take note of what outsiders are saying. Because of
the role The New York Timesplayed in the catastrophe of Iraq its editors took the highly
unusual move of apologizing
to its readers. Will we one day read a similar apology about the paper's coverage of
Russia-gate? Tags Politics
vk , Sep 22,
2018 7:32:53 PM |
@ Posted by: Seamus Padraig | Sep 22, 2018 2:41:37 PM | 4
@ Posted by: dltravers | Sep 22, 2018 3:41:24 PM | 12
You're both wrong. The USA has been
in a secular decline since at least Carter (1978) . Yes, it isn't Trump's fault the USA
is decaying -- but he's no savior or economics genius either.
The thing is the Americans, contrary to the rest of the world, doesn't use the annualised
rate to calculate their GDP growth, buth the quarterly rate "normalised". This leads to
absurd growth rates in the USA, such as the eye-popping 4.1% growht in Q2 2018 etc. etc. (see
the link above for more information).
Bill Clinton (2000) was the last POTUS which affered a quarterly growth above the peak of
his predecessor, but this is easily explainable: George H. W. Bush was a one-term POTUS (a
rarity post-Carter), and he governed through much of the 1990-92 recession of the Western
Civilization (specially in the UK, Germany and Japan). Clinton caught pretty much the last
innovation cycle capitalism could do: the internet era, which would burst precisely in 2001
(dotcom bubble). George W. Bush reaped the recovery of the recession in 2002, and the
financial capital continue to growth to an apex in 2006 or 2007 (depending on the country you
live): that was the last time capitalism, all things considered, could state it "delivered"
(at least to the first world countries); the 2008 meltdown would only affect the "emergent
economies" in the end of 2011, after 2012, capitalism stopped "delivering" to the whole
Notice I'm not including China (which suffered a little bit in 2009, the aftermath of the
great recession). That's because China is not a capitalist country, therefore the economic
rules of globalization don't apply to the Chinese in the classic way.
Putin has stated publicly at least two times that, if he could go back in time to do one
thing, he would go back to 1991 and save the USSR. I will forever wonder: what if the USSR
survived for 17 more years? The world would be in a completely different (much better)
situation it is now.
Jay , Sep 22, 2018 2:31:44 PM |
The US economy is not running real well except for the very very well to do, and those who
happen to work for the likes of Google or Facebook, or of course an ibank.
Seamus Padraig , Sep 22, 2018 2:41:37 PM |
Pnyx , Sep 22, 2018 5:23:53 PM |
The US economy is not running real well except for the very very well to do, and those who
happen to work for the likes of Google or Facebook, or of course an ibank.
True. But it's no worse than it was two years ago, so it's unlikely the Dims will try and
run on it.
"The economy is still running reasonably well except for the poor."
Given that the majority of the u.s. population qualifies as poor - over 50 % does not have
500 u$ to cover a surprise urgent necessity - this is an outstanding example of
dirty fingernails , 47 seconds ago
Hass C. , 49 minutes ago
Russia now awaits possible new sanctions as a result of its involvement in the United
States election and as a result of the potential nerve agent attack in England.
Who the **** writes this ****? Who believes those baldfaced lies?
Ms No , 51 minutes ago
A little glimpse into how much influence Putin has on his own economy. Which is not much.
He is trying hard to remove Russia's testicles from the vice of US control but this is a slow
process as the economy and capital market are totally open, except for military production
which is under his own control and pretty much protected from the whims of markets.
The steady increase of sanctions has the objective of forcing Putin's hand into lashing
out and trying a dirigistic neo-stalinist approach, but this would cut Russia from foreign
technology and capital, make the best work force fly abroad, resulting in final
Whether Russia survives as an industrial economy till US and the dollar loses its power
over it is anybody's guess. The more Russia is weakened at that time, the more likely China
will flood it with its love.
LaugherNYC , 8 minutes ago
The thing with Putin is that he is a great leader and Patriot. He wishes us no harm and
would like to be our friends (the western population); however, Putin isn't motivated by
saving the world, your nation or you personally. His loyalty is to his people and their
All actions that Putin has taken that ended up saving your *** were simply a benefit
gained by the happenstance of what benefits us benefitting him.
Putin will save his own (hopefully) but you have to save yourself. Remember that.
Anonymous IX , 1 hour ago
If Putin wants to be friends with the West, then why did he reverse the course of openness
to the EU and NATO, the trend towards normalization, and turn hard right into an
ultra-nationalist despot, starting to spout the diseased philosophy of Ilyin, becoming a
xenophobic tin pot kleptocrat, like some African warlord, funneling funds and assets offshore
through shell companies and his buddies?
It will be interesting to see what happens when/if there is a real global investigation of
Putin's offshored assets, and an expose of how he has plundered his country. He will be the
very last to repatriate - nor should we want him to be forced into it. If you close his
escape hatch, Vlad will be forced to live up to his rhetoric, which is very Rapture-esque,
very nuclear nightmare, very Judgement Day Armageddon
Ms No , 50 minutes ago
Where's Billy Browder? What's next on his agenda? Billy, btw, the next time you allow
anyone to film you, have your handlers minimize the obvious drug and/or electronic mind
control over you a little earlier. You seem to "wake up" an awful lot...you know...where your
head snaps up like you didn't realize something...or you're "waking up" from something. Just
a helpful hint. You did so chronically throughout the Magnitsky film. Here's what a mind
looks like on "mind control." Don't look for eggs in a frying pan.
Savvy , 1 hour ago
So mind control looks something like sleep apnea?
Ms No , 49 minutes ago
the desire to keep assets out of the reach of the United States Treasury
Can you say 'capital flight'? I knew you could. Not a country in the world is going to
trust the US with a grain of salt.
Well done Trump and your $864billon/month deficit spending.
opport.knocks , 3 minutes ago
We really should stop referring to it as the US treasury. Its something else.
hooligan2009 , 1 hour ago
The US Usury?
Balance-Sheet , 58 minutes ago
according to polls aired by tv station "euro news", putin's ratings are down 10% because
he wants to raise the retirement ages of men to 65 from 60 (male life expectancy is 66) and
womens retirement age from 55 to 60 (womens life expectancy is 71).
i guess this is proof that sanctions are working. putin has to raise the retirement age
and russians die 12-15 years earlier than those in the west.
oh, the humanity!
sanctions work: they hurt the bottom 50%, not those better off.
Ms No , 44 minutes ago
Good to note this and it appears to be correct. Male life expectancy is 65/66 on average
so many will die reaching for their first tiny pension check. I do not know why Putin simply
does not seek to save money by ordering people to be shot at 65 as a humane measure. Russia
has shot 10s of millions over the past 100 years so this will maintain a tradition.
I am interested in your remark on Putin's popularity- he appears to be slipping into
megalomania also typical of Russian leaders so perhaps he will be removed. Raising the
retirement age in Russia is recklessly stupid from a political perspective in an impoverished
country established as Earth's largest resource treasure house.
Hass C. , 39 minutes ago
War and sanctions are expensive. Through this evil the world is impoverished. Zionist fiat
currency is also crushingly expensive. We would be exceedingly wealthy without all of this. A
whole different world could exist.
That probably wont happen until the next age (a golden age) though because people now are
inherently stupid and lack any connection. Sticking their appendenges in everything and
sinking completely in dense materialism is more important.
opport.knocks , 1 minute ago
Can you specify why you say he "appears to be slipping into megalomania"? Been observing
him for years and his megalomania index seems stable to me.
Also, Russian demography makes raising the retirement age necessary, they say. Their birth
rate is increasing but so does life expectancy.
Shemp 4 Victory , 38 minutes ago
He will not be able to run for re-election so now is the time to implement necessary but
hooligan2009 , 28 minutes ago
according to polls aired by tv station "euro news"
Well, if "euro news" said, then so it is. Free European press can't lie.
123dobryden , 1 hour ago
haha.. yes.. i watched it for ten minutes, so the same four headlines scrolled through in
a cycle three times in those ten minutes. pope, a survivor underneath a boat after two days
in lake victoria, blunt brexit and putins popularity.
nothing approcahing any quality whatsoever. i was just making sure the other side of the
house hadn't got past "stupid"!!!
notfeelinthebern , 1 hour ago
Matteo S. , 1 hour ago
Yeah, he's giving the west the proverbial finger. Instead of creating a bridge to trade
and friendship, the west is doing nothing but trying to destroy an imaginary enemy.
Ms No , 42 minutes ago
It is not imaginary from the anglo-saxon empire's point of view.
The anglo-saxon empire has been playing this game for more than 3 centuries.
It first constantly attacked France until it definitely emasculated it with Napoleon's
Then it immediately went to the jugular of Russia. And on this occasion was formulated
Mackinder's gropolitics principles.
Then it went for Germany.
Then in again against USSR/Russia.
This is not due to imagination. This is a deliberate and structural way to interact with
the rest of the world. The anglo-saxon empire hates competition and tries to destroy any
potential competitor instead of agreeing to cooperate with peers.
Matteo S. , 27 minutes ago
The Anglo Saxon empire was occupied by Zionist money lending. They controlled the British
empire. A lot of those blueblood royal were theirs to begin with also. They were also the
bankers of Rome.
justdues , 1 hour ago
Forget your fantasies about the Catholic Church and the pope.
It is Protestants who have always dominated the anglo-saxon empire. Protestants from
Britain but also from Netherlands, Germany, France, who allied with the English and Scot
Protestants to build their mammonite empire.
And for one Rothschild family, you had the Astors, Vanderbilt's, Rockefellers, Carnegie's,
Morgans, Fords, ... etc, none of which were jewish.
The Zionists are just the tail of the anglo-saxon dog.
hooligan2009 , 1 hour ago
"Russia now awaits possible new sanctions as a result of it,s ALLEGED involvement in the
United States election and as a result of the ALLEGED nerve agent attack in England .
JibjeResearch , 1 hour ago
quite right. no trial, no evidence and harsh sentences/convictions via trade
russia offered reciprocation so it could try Browder. the west said no, invented crimes
culminating in a Magnitsy act.
if individuals in Europe, the UK or the US were convicted and imprisoned without trial
governments in those places would be thrown out on their ear.
as it is, western governments can bring the entire planet to the brink of war, based on
their political opinions - with no evidence, no trial and no opportunity to argue a case for
a defence of charges.
An Shrubbery , 40 minutes ago
lolz ahaha.... a bad choice..., any fiat is a bad choice...
Go phy.gold or cryptos (BTC, ETH, XTZ),
phy.silver is good too...
my new username , 1 hour ago
Cryptosporidiosis are no different than fiat, maybe even a little worse. They are NOT
anonymous, and are becoming less and less so and eventually will be co-opted by deep state
operatives such as googoyle, facefuck, Twatter, amazog, etc. for the deep state. There is an
absolute record of your every transaction in the blockchain.
It's just a matter of time. There will be a crypto that we're all forced to use in the
near future, and big brother will have absolute control of it.
DEDA CVETKO , 1 hour ago
This has zero impact on working class Americans. It only affects liberals and rich
Everything has impact on everything else. We are all, in some bizarre ways,
interconnected. Deripaska (pictured above) has a virtual global monopoly on aluminum trade.
Guess who uses aluminum? You guessed it: people like you and I. The airplane industry.
Consumer industry. The military. Medical equipment industry. Construction industry. Food
There is no such thing as isolationism anymore. It wasn't possible even during Warren
Harding's presidency, let alone now. This deranged notion that Donald Trump will somehow
insulate us all from the effects of his aggressive overseas posturing is deranged beyond
Authored by Robert Bridge via The Strategic Culture Foundation,
By initiating an attack on the Syrian province of Latakia, home to the Russia-operated
Khmeimim Air Base, Israel, France and the United States certainly understood they were flirting
with disaster. Yet they went ahead with the operation anyways.
On the pretext that Iran was preparing to deliver a shipment of weapon production systems to
Hezbollah in Lebanon, Israeli F-16s, backed by French missile launches in the Mediterranean,
destroyed what is alleged to have been a Syrian Army ammunition depot.
What happened next is already well established : a Russian Il-20 reconnaissance aircraft,
which the Israeli fighter jets had reportedly used for cover, was shot down by an S-200
surface-to-air missile system operated by the Syrian Army. Fifteen Russian servicemen perished
in the incident, which could have been avoided had Israel provided more than just one-minute
warning before the attack. As a result, chaos ensued.
Whether or not there is any truth to the claim that Iran was preparing to deliver
weapon-making systems to Hezbollah in Lebanon is practically a moot point based on flawed
logic. Conducting an attack against an ammunition depot in Syria – in the vicinity of
Russia's Khmeimim Air Base – to protect Israel doesn't make much sense when the
consequence of such "protective measures" could have been a conflagration on the scale of World
War III. That would have been an unacceptable price to achieve such a limited objective, which
could have been better accomplished with the assistance of Russia, as opposed to NATO-member
France, for example. In any case, there is a so-called "de-confliction system" in place between
Israel and Russia designed to prevent exactly this sort of episode from occurring.
And then there is the matter of the timing of the French-Israeli incursion.
Just hours before Israeli jets pounded the suspect Syrian ammunition storehouse, Putin and
Turkish President Recep Erdogan were in Sochi
hammering out the details on a plan to reduce civilian casualties as Russian and Syrian
forces plan to retake Idlib province, the last remaining terrorist stronghold in the country.
The plan envisioned the creation of a demilitarized buffer zone between government and rebel
forces, with observatory units to enforce the agreement. In other words, it is designed to
prevent exactly what Western observers have been fretting about, and that is unnecessary
So what do France and Israel do after a relative peace is declared, and an effective measure
for reducing casualties? The cynically attack Syria, thus exposing those same Syrian civilians
to the dangers of military conflict that Western capitals proclaim to be worried
about.Israel moves to 'damage control'
Although Israel has taken the rare move of acknowledging its involvement in the Syrian
attack, even expressing "sorrow" for the loss of Russian life, it insists that Damascus should
be held responsible for the tragedy. That is a highly debatable argument.
By virtue of the fact that the French and Israeli forces were teaming up to attack the
territory of a sovereign nation, thus forcing Syria to respond in self-defense, it is rather
obvious where ultimate blame for the downed Russian plane lies.
"The blame for the downing of the Russian plane and the deaths of its crew members lies
squarely on the Israeli side," Russian Defense Minister Sergey Shoigu said.
"The actions of the Israeli military were not in keeping with the spirit of the
Russian-Israeli partnership, so we reserve the right to respond."
Russian President Vladimir Putin, meanwhile, took admirable efforts to prevent the blame
game from reaching the boiling point, telling reporters that the
downing of the Russian aircraft was the result of "a chain of tragic circumstances, because the
Israeli plane didn't shoot down our jet."
Nevertheless, following this extremely tempered and reserved remark, Putin vowed that Russia
would take extra precautions to protect its troops in Syria, saying these will be "the steps
that everyone will notice."
Now there is much consternation
in Israel that the IDF will soon find its freedom to conduct operations against targets in
Syria greatly impaired. That's because Russia, having just suffered a 'friendly-fire' incident
from its own antiquated S-200 system, may now be more open to the idea of providing Syria with
the more advanced S-300 air-defense system.
Earlier this year, Putin and Israeli Prime Minister Benjamin Netanyahu reached an agreement
that prevented those advanced defensive weapons from being employed in the Syrian theater. That
deal is now in serious jeopardy. In addition to other defensive measures, Russia could
effectively create the conditions for a veritable no-fly zone across Western Syria in that it
would simply become too risky for foreign aircraft to venture into the zone.
The entire situation, which certainly did not go off as planned, has forced Israel into
damage control as they attempt to prevent their Russian counterparts from effectively shutting
down Syria's western border.
On Thursday, Israeli Major-General Amikam Norkin and Brigadier General Erez Maisel, as well
as officers of the Intelligence and Operations directorates of the Israeli air force will pay
an official visit to Moscow where they are expected to repeat their concerns of "continuous
Iranian attempts to transfer strategic weapons to the Hezbollah terror organization and to
establish an Iranian military presence in Syria."
Moscow will certainly be asking their Israeli partners if it is justifiable to subject
Russian servicemen to unacceptable levels of danger, up to and including death, in order to
defend Israeli interests. It remains to be seen if the two sides can find, through the fog of
war, an honest method for bringing an end to the Syria conflict, which would go far at
relieving Israel's concerns of Iranian influence in the region.
CoCosAB , 1 minute ago
Fecund Stench , 2 minutes ago
The TERRORISTS keep doing the same **** all the time... And ***** PUTIN keeps cool!
toady , 12 minutes ago
'There will, however, be some form of no-fly zone and as Vladimir Putin stated Russia will
take "the steps that everyone will notice."'
Failure to notice bespeaks complicity in the Ziomedia.
JoeTurner , 13 minutes ago
"...if it is justifiable to subject Russian servicemen to unacceptable levels of danger,
up to and including death, in order to defend Israeli interests."
Surely a few dozen Russians isn't comparable to all the Jews that died in the
Just as all the Jews that died in the holocaust aren't comparable to all the the Russians
that died in wwII.
isn't religion and the victim mentality a fun game to play?
bh2 , 45 minutes ago
Israel must have its lebensraum.....
rejected , 35 minutes ago
Putin is not going to initiate WWIII over Syria or any military action within it. The
outcome in Syria affects Russian national interests. But unlike Crimea, it does not affect
any of Russia's vital national interests.
rejected , 1 hour ago
If Syria was to shoot down one (1) American jet with one (1) pilot the US would respond
like it was Pearl Harbor and Syria for sure isn't vital to America's national interests
unless one considers results like Libya a national interest.
I seriously doubt Putin will allow the S-300 to Syria. Like the US, Russia is controlled
by the 5th column Jews inside Russia itself except the control is not as complete as in the
US. The Russian plane is Russia's USS Liberty.... and it is possible, and IMO that it was
France that shot down the plane. The fact that they fired missiles at the same time and that
has disappeared down the memory hole is very suspicious.
The West is out of control They talk International law but consider them selves above it.
Israel, France, UK, US have no 'right' to attack Syria. They have no right to be within
Syrian borders. They are now all allied with the terrorists and provide them with weapons.
Israel actually provides for their wounds at Israeli hospitals.
By the old definition of terrorist, it is the West that fits the description.
As for Mr. Putin,,, He has done what was unthinkable a short time ago. He has allowed the
murder of Russians. Not once,,, not twice,,, but now three times with only a whimper. He
actually defended the aggressors this time. This will only serve to make them double down. If
any more Russians are murdered it will be he who is guilty by lack of action. Even Somalia
fought back when the US tried an attack.
The author here defends Putin as acting with a cool head as the author, like so many
cowards thee days, dismisses those fifteen lives. He will also be responsible when the next
batch of Russians are sacrificed for world peace as the Western marauders, the US especially,
murders their way to world domination like Germany's Hitler and France's Napoleon.
It was Russia that saved the world from those two dictators and is why Russia stands proud
today. It is Russia's history to savagely defend Russians and Russia. Today with thousands of
Russians killed by Ukrainian Nazis supported and armed by the West (MAGA) and now Russians
killed in Syria by the West with little to no response from Russia other than "Its against
international law" and authors like this that nonchalantly discard Russian lives as necessary
for world peace.
Mr. Putin just needs to hand over the keys to Russia,,, for world peace of course.
bevin , Sep 22, 2018 7:08:38 PM |
"All the leading economic indicators are great to healthy ... Homelessness is worse than I
have ever seen but I do not see any Latino or Asian homeless people. It is nearly 100% white
or African Americans. Most appear to be drugged out losers."
A perfect example of what b meant when he said that the only people suffering are the
poor. Meaning that nobody cares about them and, often because they are prevented from doing
so, they rarely vote. And when they do vote there aren't any candidates to vote for.
The last sentence just about sums neo-liberals up: most of the homeless are informed, are
'drugged out losers.'
So that's OK is it? Ever wonder why they are drugged out? Or what the rules were in the game
by CJ Hopkins via Unz.com,
... ... ...
The international working classes are racists. They are misogynists. Xenophobic transphobes.
They do not think the way we want them to. Some of them actually still believe in God. And they are
white supremacists. Anti-Semites. Gun-toting, Confederate-flag-flying rednecks. Most of them
have never even heard of terms like "intersectionality," "TERF," and so on.
They do not respect the corporate media. They think that news sources like the Washington
Post, The New York Times, The Guardian, CNN, MSNBC, BBC, and so on, are basically propaganda
outlets for the global corporations and oligarchs who own them, and thus are essentially no
different from FOX, whose pundits they believe every word of.
Their minds are so twisted by racism and xenophobia that they can't understand how global
capitalism, the graduated phase-out of national sovereignty, the privatization of virtually
everything, the debt-enslavement of nearly everyone, and the replacement of their so-called
"cultures" with an ubiquitous, smiley-faced, gender-neutral, non-oppressive,
corporate-friendly, Disney simulation of culture are actually wonderfully progressive steps
forward on the road to a more peaceful, less offensive world.
Now this has been proved in numerous studies with all kinds of charts and graphs and so on.
And not only by the corporate statisticians, and the corporate media, and liberal think tanks.
Why, just this week, Mehdi Hasan, in an exasperated
jeremiad in the pages of The Intercept , that bastion of fearless, adversarial journalism
owned by billionaire Pierre Omidyar, proved, once again, that Donald Trump was elected because
PEOPLE ARE GODDAMN RACISTS!
September 21, 2018 at 1:28 pm
Euractiv with AFP: Belgian inquest implicates UK in phone spying
A confidential report by Belgian investigators confirms that British intelligence services
hacked state-owned Belgian telecom giant Belgacom on behalf of Washington, it was revealed on
Thursday (20 September).
The report, which summarises a five-year judicial inquiry, is almost complete and was
submitted to the office of Justice Minister Koen Geens, a source close to the case told AFP,
confirming Belgian press reports
The matter will now be discussed within Belgium's National Security Council, which
includes the Belgian Prime Minister with top security ministers and officials.
Contacted by AFP, the Belgian Federal Prosecutor's Office and the cabinet of Minister
Geens refused to comment .
NO. Shit. Sherlock.
So the real question is that if this has known since 2013, why now? BREXIT?
"... The EU is not perfect and has costs, but measured against what it has achieved, it is a great success. ..."
"... The EU has brought peace to Europe for the longest period since Pax Romana (and that was not entirely peaceful). ..."
"... You're funny. The EU makes war by other means. The burden of disease in Greece, health loss, risk factors, and health financing, 2000–16: an analysis of the Global Burden of Disease Study 2016 https://www.thelancet.com/pdfs/journals/lanpub/PIIS2468-2667(18)30130-0.pdf ..."
"... The mortality rate for Greece is up approximately 50,000. All so Merkel in Germany, and Sarkozy and Hollande didn't have to go before their electorates and admit they were bailing out French and German banks through the backdoor. ..."
"... I guess all those little Balkan unpleasantnesses, the former Czechoslovakia and Bosnia and such, are not wars -- but then those are layable at the feet of NATO (that collection, as I recall it, of what, now, 29 member countries including all the Great Powers of the West) and the US imperium. ..."
"... The NATO establishment is about "making war," ..."
"... All of which is linked in significant ways to the economic "health" of the EU, from which lots of weapons flow in exchange for favors and money from the Destabilizers. ..."
"... In the meantime, the various stages are set, the players in the game of statism and nationalism and authoritarianism and neoliberalism are on their marks, the house lights are going out, and the long slow rise of the curtain is under way ..."
"... The period from the end of WWII to the Balkan Wars is still the longest period of peace since the Romans. I doubt you have ever lived through a war so I can't expect you to appreciate the difference between the Horrors of the Brussels Bureaucracy and the Horrors of Shelling and Bombing. ..."
"... I am not defending poor governance per se for the sake of defending the EU. But it is facile and fun to criticize it because one can make up all kinds of counter fantasies about how wonderful life would be without it. ..."
"... in the real world ..."
"... in the real world ..."
"... Ultimately, it's that simple. Merkel, Sarkozy, Hollande, and whoever else among the EU elites who chose to be complicit in killing substantial numbers of people so they could maintain themselves in power are scum. They are scum. They are scum. ..."
"... Fine, our elected leaders are all scum, but why does this mean that the EU is evil specifically. Why single it out? Why not advocate the overthrow of all centralized or unifying government? Move out to Montana to a cult and buy lots of guns or something. ..."
"... Ons should be very aware that EU directives comes mainly from the member states and that especially bad things that would never fly past an election could – and often is – spun by local government as "Big Bad Bruxelles is forcing poor little us to do this terrible thing to you poor people". Ala the British on trade deal with India and immigration of east-european workers. ..."
"... The EU does not have that much in the way of enforcement powers, that part is down-sourced to the individual member states. When a member state doesn't give a toss, it takes forever for some measure of sanctioning to spin up and usually it daily fines unto a misbehaving government, at the taxpayers expense (which of course those politicians who don't give a toss, are fine with since most of their cronies are not great taxpayers anyway). ..."
"... The solution is, patently, Tories out of power. Which I think will happen, certainly between now and 31 March 2019. Now would be better. Anyone thinking strategically in other parties in the UK (an oxymoron of a formulation, to be sure) would call for a no confidence vote the instant May's feet are on British soil. ..."
"... I doubt that this is personal, but what do I know. May is a nincompoop. The other heads of state patently, and quite rightly, don't respect her. Her presence has been useful to them only insofar as she could deliver a deal. ..."
"... I'd agree with your analysis of what happened – just glancing through the news today it seems that Macron in particular just lost patience, and the other leaders were happy to help him put the boot in. The EU has been trying to shore May up for a long time – the December agreement was little more than an attempt to protect her from an internal heave. This is a common dynamic in the EU – however much the leaders may dislike each other, they will usually prefer the person at the seat than the potential newcomer. ..."
"... But I think the EU has collectively decided that May is simply incapable of delivering any type of agreement, so there is no point in mincing words. They simply don't care any more if the Tory government collapses, or if they put Rees Mogg or Johnson in power. It makes absolutely zero difference to them. In fact, it might make it easier for the EU if the UK goes politically insane as they can then wash their hands of the problem. ..."
"... A colleague told me today he knows of several Northern Irish Republicans who voted leave, precisely because they thought this would create constitutional havoc and lead to a united Ireland. It seems at least some people were thinking strategically . ..."
"... British politicians apparently were supposed to negotiate Brexit among themselves. And once they had reached a (tentative) consensus the foreigners (the EU) were apparently supposed to bow down and accept the British proposal. ..."
"... Which means I never understood why the British media was treating the Chequers proposal as a serious proposal? And spending lots of time and articles discussing on how to convince the EU / the member states. ..."
"... As a Scot can I point out that it is English politicians who are responsible for this mess? ..."
September 20, 2018 by Yves Smith Yves here. While the
specific observations in this post will be very familiar to readers (you've said the same
things in comments!), I beg to differ with calling the Government's Brexit negotiating stance a
strategy. It's bad habit plus lack of preparation and analysis.
And the UK's lack of calculation and self-awareness about how it is operating means it will
be unable to change course.
By Benjamin Martill, a Post-Doctoral Fellow at the Dahrendorf Forum where he focuses on
Europe after Brexit. He is based at LSE IDEAS, the London School of Economics's foreign policy
think tank. The Dahrendorf Forum is a joint research venture between LSE and the Hertie School
of Governance in Berlin. Originally published at
But is this the best strategy for advancing British interests? Here is the argument based on
the findings of a recent Dahrendorf
Forum working paper .
All eyes in British politics are on the negotiations between the UK and the EU over the
terms of the forthcoming British withdrawal from the Union, or Brexit. Surprisingly, questions
of bargaining strategy – once the preserve of diplomats and niche academic journals
– have become some of the most defining issues in contemporary British politics.
The New Politics of Bargaining
Cabinet disagreements over the conduct of the negotiations led to the resignation of David
Davis and Boris Johnson in early July 2018 and the issue continues to divide the ruling
Conservative party. Theresa May's most recent statements have all addressed the question of how
hard she has pushed Brussels in the talks.
But is the hard bargaining strategy appropriate, or will it ultimately harm the UK? The
salience of this question should occasion deeper analysis of the fundamentals of international
bargaining, given the extent to which the course of British politics will be determined by the
government's performance (or perceived performance) in the Brexit talks.
Driving a Hard Bargain
A hard-bargaining strategy isn't necessarily a poor one. To the extent it is workable, it
may even represent the sensible option for the UK.
Hard bargaining is characterised by negative representations of negotiating partners,
unwillingness to make concessions, issuance of unrealistic demands, threats to damage the
partner or exit the negotiations, representations of the talks in zero-sum terms, failure to
provide argumentation and evidence, and withholding of information. From diplomats' portrayal
of the EU as an uncooperative and bullying negotiating partner to a set of demands recognised
as unrealistic in Brussels and Britain alike, the UK's approach to the Brexit negotiations
scores highly on each of these measures.
The consensus in the academic literature is generally that hard bargaining works only
where a given party has a relative advantage . Powerful states have an incentive to engage
in hard bargaining, since by doing so they will be able to extract greater concessions from
weaker partners and maximise the chance of achieving an agreement on beneficial terms.
But weaker actors have less incentive to engage in hard bargaining, since they stand to lose
more materially if talks break down and reputationally if they're seen as not being backed by
So which is Britain?
The success of hard bargaining depends on the balance of power. But even a cursory
examination would seem to confirm that the UK does not hold the upper hand in the negotiations.
Consider three standard measures of
bargaining power: a country's economic and military capabilities, the available alternatives to
making a deal, and the degree of constraint emanating from the public.
When it comes to capabilities, the UK is a powerful state with considerable economic clout
and greater military resources than its size would typically warrant. It is the second-largest
economy in the EU (behind Germany) and its GDP is equal to that of the smallest 19 member
states. And yet in relative terms, the combined economic and military power of the EU27 dwarves
that of the UK: the EU economy is five times the size of the UK's.
Next, consider the alternatives. A 'no deal' scenario would be damaging for both the UK and
the EU, but the impact would be more diffuse for the EU member states. They would each lose one
trading partner, whereas the UK would lose all of its regional trading partners. Moreover, the
other powers and regional blocs often cited as alternative trading partners (the US, China, the
Commonwealth, ASEAN) are not as open as the EU economy to participation by external parties,
nor are they geographically proximate (the greatest determinant of trade flows), nor will any
deal be able to replicate the common regulatory structure in place in the EU. This asymmetric
interdependence strongly suggests that the UK is in greater need of a deal than the EU.
Finally, consider the extent of domestic constraints. Constraint enhances power by
credibly preventing a leader from offering too generous a deal to the other side. On the EU
side the constraints are clear: Barnier receives his mandate from the European Council (i.e.
the member states) to whom he reports frequently. When asked to go off-piste in the
negotiations, he has replied that he does not have the mandate to do so. On the UK side, by
contrast, there is no such mandate. British negotiators continually cite Eurosceptic opposition
to the EU's proposals in the cabinet, the Conservative party, and the public, but they are
unable to guarantee any agreement will receive legislative assent, and cannot cite any unified
Perceptions of Power
But the real power distribution is not the only thing that matters. While the EU is the more
powerful actor on objective criteria, a number of key assumptions and claims made by the
Brexiteers have served to reinforce the perception that Britain has the upper hand.
First, on the question of capabilities, the discourse of British greatness (often based on
past notions of power and prestige) belies the UK's status as a middle power (at best) and
raises unrealistic expectations of what Britain's economic and military resources amount to.
Second, on the question of alternatives, the oft-repeated emphasis on 'global Britain' and the
UK's stated aim to build bridges with its friends and allies around the globe understates the
UK's reliance on Europe, the (low) demand for relations with an independent Britain abroad, and
the value of free trade agreements or other such arrangements with third countries for the UK.
Third, on the question of domestic constraint, the post-referendum discourse of an indivisible
people whose wishes will be fulfilled only through the implementation of the Brexit mandate
belies the lack of consensus in British politics and the absence of a stable majority for
either of the potential Brexit options, including the 'no deal', 'hard', or 'soft' variants of
Brexit. Invoking 'the people' as a constraint on international action, in such circumstances,
is simply not credible.
Assumptions about Britain's status as a global power, the myriad alternatives in the wider
world, and the unity of the public mandate for Brexit, have contributed to the overstatement of
the UK's bargaining power and the (false) belief that hard bargaining will prove a winning
Britain desperately needs to have an honest conversation about the limits of the UK's
bargaining power. This is not 'treasonous', as ardent Brexiteers have labelled similar nods to
reality, but is rather the only way to ensure that strategies designed to protect the national
interest actually serve this purpose. Power is a finite resource that cannot be talked into
existence. Like a deflating puffer fish, the UK's weakness will eventually become plain to see.
The risk is that before this occurs, all bridges will be burned, all avenues exhausted, and all
The arguments in this blog are based on the findings of a Dahrendorf
Forum working paper by Benjamin Martill and Uta Staiger titled ' Cultures
of Negotiation: Explaining Britain's Hard Bargaining in the Brexit Negotiations
The opinions expressed in this blog contribution are entirely those of the author and do
not represent the positions of the Dahrendorf Forum or its hosts Hertie School of Governance
and London School of Economics and Political Science or its funder Stiftung Mercator.
September 20, 2018 at 10:30 am
I tend to agree that there is no real strategy on the UK's part. May resembles a broken
record, where she says much the same thing over and over again, seemingly expecting a
different response each time. Although Einstein said that he probably never made the claim
about what insanity consists of, it is often attributed to him -- doing the same thing over
and over expecting different results is the very definition of insanity. How the government
expects that this sort of behavior will bring desirable results is beyond me.
September 20, 2018 at 10:35 am
Both UK and EU politicians are talking past each other. Neither side understands there are
two key issues. Firstly, not understanding the economic effects stemming from the failure to
understand how money is created and how it can be manipulated for global trading advantage.
Secondly, that the UK is high up the list for "cultural tightness" and the reasons for
September 20, 2018 at 10:37 am
The other element of course of a negotiation is getting potential allies to roll up behind
you. At the start of this the UK had a series of potential 'friends' it could call on –
eurosceptics governments in Eastern Europe, close historic friends and political like minded
governments in Spain, the Netherlands, Denmark and Ireland. And of course non-EU countries
like India or the US with historic links.
They somehow managed to anger or frustrate nearly all of those though its heavy handed
negotiations or laughable lack of political empathy.
It must be emphasised that the current Irish government is ideologically and instinctively
very pro-London. And yet, today RTE is
reporting about the latest meeting between May and Varadkar:
The source said there was "an open exchange of views" between both sides, with the Irish
delegation emphasising that the time was short and "we need to get to the stage where we
can consider a legal text" on the backstop.
The source described British proposals so far as "only an outline, and we haven't seen
specific proposals from the British side."
This can only be translated as 'what the hell are they playing at?'
The Indians of course were amusedly baffled by the British assumption that they would
welcome open trade (without lots of new visas for Indian immigrants). Trump just smelt the
blood of a wounded animal. The Russians are well
Jim A. ,
September 20, 2018 at 12:40 pm
"an open exchange of views" Which is a diplomat's way of saying that there was a shouting
match and no agreement.
September 20, 2018 at 3:31 pm
I imagine it as being a little like this (not work safe if you have audio
September 20, 2018 at 8:27 pm
Mercy! I will save and share this. Thank you, Pu-kun.
Fazal Majid ,
September 20, 2018 at 3:37 pm
The British cited the EU's inability to conclude a free-trade agreement with India as one
example of the EU's failings a revitalized Global Britain would no longer be shackled by.
That's quite rich considering the FTA was torpedoed when the British Home Secretary vetoed
increased visas for the Indians. Her name was Theresa May.
September 20, 2018 at 8:34 pm
True? Comedy gold!
September 21, 2018 at 5:20 am
They somehow managed to anger or frustrate nearly all of those
The brits basically said: We are special people, much, much better, richer and stronger
than you sorry lot of Peons to Brussels(tm), so now you shall see sense and give us what we
want this week; you can call it your tribute if you like (because we don't care what you like
Half the Danes are fed up with the whole thing and the other half would be egging on a
hard Brexit if only they could – knowing it will likely take out at least some of the
worst and most overleveraged (and gorged with tax-paid subsidies) Anti-Environmentalist
Danish industrial farmers, their bankers too. And diminish the power of their lobbyists:
"Landbrug & Fødevarer"!
The good part is that: the British and the Danish governments have managed to make "being
ruled by faceless bureaucrats in Brussels" look like a pretty much OK & decent deal,
considering the alternative options: Being ruled by our local crazies, straight-up nutters
and odious nincompoops (a word i like), half of whom, to top it up, are probably mere
soulless proxies for those ghouls that are running Washington DC.
Tom Stone ,
September 20, 2018 at 11:11 am
Always bet on stupid.
Because human stupidity is infinite.
September 20, 2018 at 11:30 am
Though it often fits neatly into one of four categories, described here:
"The basic laws of human stupidity,"
Seems we humans are pretty good at inventing negative-sum games that we belieeeve are
September 20, 2018 at 12:27 pm
It seems more and more to me, that never ending class warfare, and its current emphasis on
austerity, leaves us unable to envision alternate routes to economic health.
The neo-liberal consensus mandates that our ruling class never questions its own tactics,
ie dog-whistle racism to distract and divide the lower classes to enable all the looting.
So on both sides of the Atlantic, the rulers of English speakers stir up resentment
amongst those at the bottom in order to secure votes, and maintain power, while never
intending to follow through on promises to provide tangible material benefits to their
The looting goes on, the trail of broken promises grows longer, and the misery
The issue being ignored is that the folks at the bottom have reached the limit of their
ability to maintain life and limb in the face of downward economic pressure.
We've finally reached the end game, we in America have been driven to Trumpism, and in
Britain they've been driven to Brexit by the clueless efforts of pols to maintain power in
the face of electorates who have decided they have had enough, and will absolutely not take
the SOS anymore.
So we have the nonsensical situation of pols on both sides of the Atlantic flirting with
economic collapse, and even civil war rather than moderate their irrational fixation on
making the insanely rich even richer.
In both cases we have a cast of alternating villains robbing and beating us while waving
flags and loudly complaining that we aren't showing the proper level of enthusiasm.
Which leaves me with one question for those villains;
Where you gonna hide.
Hayek's Heelbiter ,
September 21, 2018 at 8:09 pm
Why no one, especially the punditocracy seems to realize this, is astonishing.
I also cannot believe the Old Gray Lady killing millions of trees in its shrill efforts to
prove the Russians cost Hilary the election and nary a word about how totally fed up and
voiceless (with the exception of a single presidential vote) are those in the Great
Also find it amazing that the Beeb with rudimentary linguistic forensic analysis
identified Mike Pence as almost certainly the author of the scathing anti-Trump memo the NYT
published anonymously, without a single mention of this now widely-known fact.
September 20, 2018 at 12:28 pm
The problem is that brexiteers, almost to a man, thinks that the EU and the UK are
That's what determines UK negotiating strategy, the ones who don't want to play hardball
can't see the point in leaving, and the ones who wan't to leave, can't see the point of
for all intents and purposes this is a accession negotiation in reverse,
"then Sir Con O'Neill, the chief negotiator at official level in 1970-2, who commented that
the only possible British approach to existing Community body of rules was 'Swallow the lot,
and swallow it now'."
On a related note, while this was about the tactics of leaving, there has been some
movement on the end state front, though not by the UK. Rather it seems that the EU has made
up it's mind, and in my mind definitively scrapped the EEA option.
Several EU leaders (Pms of Malta and the Czech republic) have clearly stated that they wish
to see a new referendum, and Macron said the following:
"Brexit is the choice of the British people pushed by those who predicted easy solutions.
Those people are liars. They left the next day so they didn't have to manage it," Macron said
on Thursday, vowing to "never" accept any Brexit deal, which would put the EU's integrity at
I think the bridges have been burned, now it's surrender or revocation that's left to the
UK, or stepping off the cliff edge.
September 20, 2018 at 10:49 pm
The problem is that brexiteers, almost to a man, thinks that the EU and the UK are
from a very great distance this does seem to be the case
September 20, 2018 at 12:35 pm
It is astonishing to see that the UK still does not accept that the EU doesn't want it to
go on principle more than for practical reasons. May and the others cling to the notion that
without Great Britain, the EU will collapse or something. This is the same nation that has
been foot-dragging on everything about Europe and slagging off the continent at every turn
while pretending they are a Great Power and the BFF of the US. Trump does not care about
Great Britain unless he needs some sort of zoning permission for his gold course, in which
case he will cut a deal on trade or arms with May.
The Irish Border, assuming it remains open, is a massive concession and likely to lead to
future problems as other EU nations try to have open borders or trade with their pet
Brits on the Continent are worried about many things ranging from driver's licenses to
residency visas! Not every Brit wants to live on that damp little island! Some like the sun
and Continental cuisine.
September 20, 2018 at 12:44 pm
Is the EU a Great Idea to be Protected and Advanced, one that will inexorably result in
ever greater benefits for the common people of the fainting nations that have been cat-herded
into submitting to the "political union" that many very personally interested parties are
always working toward? Like NATO is a Great Idea, not just a mechanism for global mischief
and chaos? NATO gives "warfighters" a place to sit and play their games. Brussels gives
"rules," at least some of which are sort of for public benefit, until the regulatory
capturers work their magic. Profit and impunity, always for the few.
What is the organizing principle in all this? Likely can't be stated. Just a lot of
interested parties squabbling over gobbets from the carcass torn from the planet
Maybe the 14th Century was not so very horrible after all? If one looks in "A Distant
Mirror" at it, given where humanity seems to be, on the increasingly fleshed-out timeline of
OF course, one can always summon up the demoness TINA, to trump any efforts to take
September 20, 2018 at 1:09 pm
NATO was created to make war. The EU was created to make peace and prosperity. Comparing
one to the other is unjust.
The EU is not some sacrosanct construct that must be worshiped, but it has brought peace
to Europe for the longest period since Pax Romana (and that was not entirely peaceful). It
has also promoted trade and prosperity. Europe has been even farther ahead of economic and
regulatory integration than the US (phones and credit cards come to mind). Free movement of
labor and travel have dropped costs for businesses and individuals immensely.
Now, whether or not human foibles enter into it is really another discussion. Is Brussels
at times a giant Interest Machine and Bureaucratic Nightmare? Yes, but that is the negative
face we see portrayed by anti-Europeans like the Brexiteers. The EU does a terrible job of
self-promotion; citizens rarely know just how much the EU contributes to their lives. Perhaps
the EU is afraid of drawing attention to itself. But the people making up the EU are not
extraterrestrials; they are Europeans who make the same mistakes and commit the same fraud on
a national level.
Many Americans criticize Europe while vaunting their own Federation. Why should California
and Alabama share a currency, a passport and a Congress? There are more differences between
those states than between France and Belgium or Italy and Spain.
The EU is not perfect and has costs, but measured against what it has achieved, it is a
Mark Pontin ,
September 20, 2018 at 6:54 pm
The EU has brought peace to Europe for the longest period since Pax Romana (and that
was not entirely peaceful).
You're funny. The EU makes war by other means. The burden of disease in Greece, health loss, risk factors, and
health financing, 2000–16: an analysis of the Global Burden
of Disease Study 2016
The mortality rate for Greece is up approximately 50,000. All so Merkel in Germany, and
Sarkozy and Hollande didn't have to go before their electorates and admit they were bailing
out French and German banks through the backdoor.
September 20, 2018 at 7:22 pm
If you want to start accounting for economic death by economic war, we can look at the US
as recently as the financial crisis, though I doubt there are studies on the Homeland of this
sort. Or US embargoes of vital medication and food in Iraq which led to hundreds of thousands
of deaths. And so on.
My point is not that the EU is perfect, but there has not been a war in Western Europe since
1945. You are welcome to spin and fiddle and search for anything you like (Gosh, all that
free travel led to increases in traffic deaths! Ban the EU!). Of course, we would also need
to examine what the EU has done for Europe and how many lives have been saved by improved
infrastructure and exchange of information.
I am not defending poor governance per se for the sake of defending the EU. But it is facile
and fun to criticize it because one can make up all kinds of counter fantasies about how
wonderful life would be without it. Let's see how Great Britain does and then we can discuss
this in a few years.
September 20, 2018 at 8:58 pm
I guess all those little Balkan unpleasantnesses, the former Czechoslovakia and Bosnia and
such, are not wars -- but then those are layable at the feet of NATO (that collection, as I
recall it, of what, now, 29 member countries including all the Great Powers of the West) and
the US imperium.
The NATO establishment is about "making war," largely now displaced to other Woggish and Hajji places where the huge number of refugees that are moving into Eurospace are
coming from (as a result of the largely economically driven (oil and other extraction
interests) and Israeli and Saudi-enhanced large scale destabilizing war prosecution.
which is linked in significant ways to the economic "health" of the EU, from which lots of
weapons flow in exchange for favors and money from the Destabilizers.
Yes, the EU notion of reducing the conflict generators of the past seems to be a good one.
But surprise! In practice, you got your German hegemon and your French strutters and now of
course the British bomb throwers pointing out, along with the renascent nationalism triggered
in part by the hegemon's bleeding of other nations via Brussels and EU institutions, like
Greece and Spain and Italy and so forth.
And of course the warring that the seamless
economies of the EU (that includes their particpation in NATO) foster and participate in that
drives the exodus of mopes from the Mideast and Africa. And how about the fun and games, with
possible nuclear war consequences, that are playing out with EU and NATO and of course US
Imperial Interests activity in Ukraine? And I see that the Krupp Werks has delivered a bunch
of warships to various places (hasn't that happened a couple of times in the past? Thinking
how particularly of Dolphin-class submarines paid for by Uncle Sucker, as in the US, and
delivered to the Israel -ites who have equipped them with many nuclear-warhead cruise
missiles? And thanks to the French, of course, and other Great Nations, the Israelis have
nuclear weapons in the first place.
It's nice that the science parts of the EU structure are sort of working to keep US-made
toxins and genetically modified crap and other bad stuff out of the Holy EU Empire. But hey,
how many VW diesel vehicles on the road (thanks to some combination of corruption and
incompetence on the part of the EU?) equals how much glyphosate and stacked-GM organisms
barred by EU regulations? Lots of argument possible around the margins and into the core of
the political economy/ies that make up the EU/NATO, and the Dead Empire across the Channel,
and of course the wonderful inputs from the empire I was born into.
I guess the best bet
would be to program some AI device to create a value structure (to be democratically studied
and voted on, somehow?) and measure all the goods and bads of the EU, according to some kind
of standard of Goodness to Mope-kind? Naw, power trumps all that of course, and "interests"
now very largely denominated and dominated by supranational corporations that piss on the EU
when not using its institutions as a means to legitimize their looting behaviors that sure
look to me like an expression of a death wish from the human species.
There are always winners and losers in any human game, because at anything larger than the
smallest scale, we do not appear wired to work from comity and commensalism. You sound from
the little one can see of you from your comment as a person among the winners. Which is fine,
all well and good, because of that "winners and losers" thing. Until either the mass vectors
of human behavior strip the livability out of the biosphere, or some provocation or mischance
leads to a more compendious and quicker, maybe nuclear, endpoint. Or maybe, despite the
activities of the Panopticon and the various powers with forces in the polity to tamp it
down, maybe there will be a Versailles moment, and "Aux Armes, Citoyens" will eventuate.
In the meantime, the various stages are set, the players in the game of statism and
nationalism and authoritarianism and neoliberalism are on their marks, the house lights are
going out, and the long slow rise of the curtain is under way
September 20, 2018 at 10:45 pm
a worthy parlimentarian rant if I ever heard one
September 21, 2018 at 4:07 am
I suggest you read up on your recent European history. Czechoslovakia split entirely
peacefully and it had exactly zero to do with either NATO or USA.
Yugoslavia had its problems ever since it was Yugoslavia in early 20th century – all
Tito managed was to postpone it, and once he was gone, it was just a question of when, and
how violent it would be. Serbian apologistas like to blame NATO, conveniently ignoring any
pre-existing tensions between Croats and Serbs (not to mention ex-Yugoslavian muslims). Did
NATO help? No. But saying it was the cause of the Serbo-Croat war and all the Yugoslavian
fallout is ignorance.
What gets my goat is when someone blames everything on CIA, USA, NATO (or Russia and China
for the matter), denying the small peoples any agency. Especially when that someone tends to
have about zilch understanding of the regions in question, except from a selective
Yep, CIA and NATO and the Illuminati (and Putin, to put it on both sides) are the
all-powerful, all seeing, all-capable forces. Everyone else is a puppet. Right.
Lambert Strether ,
September 21, 2018 at 4:37 am
> I guess all those little Balkan unpleasantnesses,
September 21, 2018 at 6:34 am
The period from the end of WWII to the Balkan Wars is still the longest period of peace
since the Romans. I doubt you have ever lived through a war so I can't expect you to
appreciate the difference between the Horrors of the Brussels Bureaucracy and the Horrors of
Shelling and Bombing. From your lofty armchair, they might be the same but then again,
perhaps you blame the socialists when your caramel latte is cold.
September 21, 2018 at 10:19 am
Lofty armchair? I actually volunteered and got the opportunity to go be a soldier in an
actual war, the Vietnam one. So I have a darn good idea what War is in actuality and from
unpleasant personal experience. And I don't have either the taste or the wealth for lattes.
And forgive my aging failure of typing Czech instead of Yugo -- my point, too, is that the
nations and sets of "peoples" living and involved in United Europe do in fact have "agency,"
and that is part of the fractiousness that the proponents of a federated Europe (seemingly
under mostly German lead) are working steadily at suppressing. Not as effectively as a
Federalist might want, of course.
Mark Pontin ,
September 20, 2018 at 10:03 pm
TheScream wrote: I am not defending poor governance per se for the sake of defending
the EU. But it is facile and fun to criticize it because one can make up all kinds of counter
fantasies about how wonderful life would be without it.
Wake up. I'm talking about what the European elite in the real world deliberately
chose to do.
They chose to do a backdoor bailout of German and French banks specifically so
Merkel, Sarkozy and Hollande and the governments they led didn't have to go to their
electorates and tell them the truth. Thereby, they maintained themselves in power, and German
and French wealth structures -- the frickin', frackin banks -- as they were. And they did
this in the real world knowing that innocent people in Greece would die in
substantial numbers consequently.
This is not a counterfactual. This happened.
There's a technical term for people who plan and execute policies where many thousands of
people die so they themselves can benefit. That term is 'scum.'
Ultimately, it's that simple. Merkel, Sarkozy, Hollande, and whoever else among the EU
elites who chose to be complicit in killing substantial numbers of people so they could
maintain themselves in power are scum. They are scum. They are scum.
Don't get me started on people who defend such scum with threadbare waffle about 'I am not
defending poor governance per blah blah it is facile and fun to criticize blah blah.' Nor
interested in whataboutery about US elites, who as the main instigators of this 21st century
model of finance as warfare are also scum.
September 21, 2018 at 6:30 am
Fine, our elected leaders are all scum, but why does this mean that the EU is evil
specifically. Why single it out? Why not advocate the overthrow of all centralized or
unifying government? Move out to Montana to a cult and buy lots of guns or something.
My point is not that EU leaders are charming people working exclusively for the good of the
people. My point is that the EU is not as bad as most of you believe and no worse than most
other governments. It is simply an easy target because it is extra or supra-national. We can
get all frothy at the mouth blaming Nazis and Frogs for our woes and ignore our personal
I would love to insult you personally as you have insulted me, but I sense you are just
ranting out of frustration. You hate the EU (are you even European or just some right-wing
nutcase from America involving yourself in other's business?) and take it out on me. Go for
it. Your arguments are irrelevant and completely miss the point of my comments.
September 21, 2018 at 7:09 am
The EU does a terrible job of self-promotion; citizens rarely know just how much the EU
contributes to their live
The EU is, very simplistically, set up like a shared Civil Service. Civil Services are to
be seen rarely and never heard, less they take shine and glamour from the Government they
What "Bruxelles" can do is to advise and create Directives, which are instructions to
local government to create and enforce local legislation. The idea is that the legislation
and enforcement will be similar in all EU member states.
Ons should be very aware that EU directives comes mainly from the member states and that
especially bad things that would never fly past an election could – and often is
– spun by local government as "Big Bad Bruxelles is forcing poor little us to do this
terrible thing to you poor people". Ala the British on trade deal with India and immigration
of east-european workers.
The EU does not have that much in the way of enforcement powers, that part is down-sourced
to the individual member states. When a member state doesn't give a toss, it takes forever
for some measure of sanctioning to spin up and usually it daily fines unto a misbehaving
government, at the taxpayers expense (which of course those politicians who don't give a
toss, are fine with since most of their cronies are not great taxpayers anyway).
September 21, 2018 at 2:42 pm
"Maybe the 14th Century was not so very horrible after all?"
Dude -- black plague! 75 to 200 million dead! At a tie with a world population of 400
million, and 40 million of those may as well have been on Mars! China, ME, North Africa and
Time to really reconsider one's assumptions when one wonders whether the 14th century was
September 21, 2018 at 3:15 pm
Dude, yes, sarcastic. And ironic. Doesn't change the horribleness of the present, does it
now? Or the coming horrors (say some of us) that may have been inevitably priced in to the
Great Global Market, does it
September 20, 2018 at 12:51 pm
And in todays news:
Chequers Plan is Dead, says Tusk as Macron calls Brexiters Liars.
Donald Tusk, the European council president, has ratcheted up the pressure on Theresa
May by rejecting the Chequers plan and warning of a breakdown in the Brexit talks unless
she delivers a solution for the Irish border by October – a deadline the British
prime minister had already said she will not be able to meet.
The stark threat to unravel the talks came as the French president, Emmanuel Macron,
broke with diplomatic niceties and accused those of backing Brexit of being liars. "Those
who explain that we can easily live without Europe, that everything is going to be all
right, and that it's going to bring a lot of money home are liars," he said.
"It's even more true since they left the day after so as not to have to deal with it."
The comments came at the end of a leaders' summit in Salzburg, where May had appealed
for the EU to compromise to avoid a no-deal scenario. She had been hoping to take warm
words over Chequers into Conservative party conference.
Tusk, who moments before his comments had a short meeting with the prime minister, told
reporters that he also wanted to wrap up successful talks in a special summit in
But, in a step designed to pile pressure on the prime minister, he said this would not
happen unless the British government came through on its commitment to finding a "precise
and clear" so-called backstop solution that would under any future circumstances avoid a
hard border on the island of Ireland.
"Without an October grand finale, in a positive sense of this word, there is no reason
to organise a special meeting in November," Tusk said. "This is the only condition when it
comes to this possible November summit."
It seems the EU leaders aren't even pretending anymore. Its pretty clear they have run out
of patience, and May has run out of options. I wonder if they'll even bother with having the
September 20, 2018 at 2:01 pm
He didn't call May a liar, so we'll have to see how her life support algo in the Daily
Mail responds to this new input.
September 20, 2018 at 2:05 pm
If there's no November summit (which would make no-deal Brexit almost certainty), then the
game becomes fast a and furious, as sterling will drop like a stone – with all sorts of
repercussions. TBH, that can already be clear after the Tory party conference, it's entirely
possible that that one will make any October Brexit discussions entirely irrelevant.
I think that EU overestimated May in terms of sensibility, and now accept that there's no
difference between May and Johnson (in fact, with Johnson or someone like that, they will get
certainy, so more time to get all ducks in row. Entirely cynically, clear no-deal Brexit
Johnson would be better for EU than May where one has no idea what's going to happen).
Either way, this crop of politicians will make history books. Not sure in the way they
would like to though.
Richard Kline ,
September 20, 2018 at 5:27 pm
Announced post-summit in Salzburg: no November summit absent a binding exit deal on the
table by the end of October. So no: no November dealing.
I don't know that EU politicos overestimated May. She is what they had, and all they had,
so they did their absolute best to prop up Rag Sack Terry as a negotiating partner, hoping
that they could coax her to toddle over their red lines with enough willingness to listen to
her hopeless twaddle first. She just shuffled and circled in place. So they've given up on
her ability to deliver anything of value to them. One could see this coming in June, when she
couldn't even get the sound of one hand clapping to her chipper nonsense over dinner.
I think that deciding heads in Europe have accepted the probability that crashout is
coming. That was clear also in June. If something better happens, I suppose that they would
leap at it. Nothing in the last two years engenders any hope in that regard, so hard heads
are readying the winches to hoist the drawbridge on We're Dead to You Day.
If the Tories fall, which I think and have long thought is probable, it would be up to a
'unity government' to either initial a settlement surrender and keep the sham going, or
flinch. My bet has been on pulling together some kind of flinch mechanism on aborting exit.
It's the kind of year, as I model these, where wild swings of such kind are possible, but I
couldn't predict the outcome anymore than anyone else.
September 20, 2018 at 5:35 pm
My feeling for a while is that the government would never fall, whatever happened, simply
because the Tories (and DUP) fear a Corbyn government too much, so would never, ever pull the
trigger, no matter how bad things got. But if May falls at the Party Conference and is
replaced with a hard Brexiter, I don't think its impossible that there may be a temptation
that to see if they could whip up a nationalistic mood for a snap election. Some of them are
gamblers by instinct. Anything could happen then.
Richard Kline ,
September 20, 2018 at 5:52 pm
I think Tory Remainers bolt, choosing keeping their own wallets rather than handing those
over to the worst of their lot with everything else. But they would find a unity coalition
more palatable than passing the microphone to Jerry the Red, yeah, so that's a bit sticky. A
snap election is the worst kind of crazy town, and wolldn't improve negotiating or decision
outcomes in the slightest -- so of course that may be the likeliest near term course! Won't
get settled in a few weeks. Probably not until 20 March 2019.
Richard Kline ,
September 20, 2018 at 5:06 pm
This is just wowsers. Tusk, Macron, and Merkel baldly state that Chequers is mated --
"unacceptable" -- and furthermore gave the Tories a drop-dead date of 31 October to initial
the divorce settlement. The process is a flat abandonment of Theresa May, concluding the
obvious, that she and her government are incapable of negotiating exit. Going over her head
to Parliament and public, in fact if not in pre-consisdered intent. -- And about time. I was
worried that the EU would eat fudge in November with the Brits again on another
pretend-to-agree accord like that of December 2017, which, as we have seen did nothing to
induce the Tories to negotiate a viable outcome.
What was May's reaction? That she's perfectly prepared to lead Britain over the crashout
cliff if the EU doesn't see fit to capitulate. I'd roll on the floor laughing but I can't
catch my breath.
The next two weeks are going to be lively times in Britain indeed. I can't see how
'Suicide Terry's' government can survive this situation. -- And about high time. Put the poor
brute out of her misery; she's delusional, can't they see how she's suffering? Push has come,
so it's time to shove. Crashout or Flinch, those are the outcomes, now plainer than ever. All
May can do is thrash and fabulate, so time to bag the body and swear in another fool; lesser
or greater, we shall see.
September 20, 2018 at 5:28 pm
Yes, I wonder was that planned, or (as is suggested in the
latest Guardian articl e), motivated by anger at Mays criticism of Barnier?
EU sources said the move had been made on the bidding of Macron, who urged taking a hard
line over lunch. The French president had been infuriated by May's warning earlier in the
day to Varadkar that she believed a solution on the issue could not be found by October,
despite previous promises to the contrary.
The tone of the prime minister's address to the EU leaders on Wednesday night, during
which she attacked Michel Barnier, is also said by sources to have been the cause of
This obviously makes her very vulnerable at the party conference. Its hard to see what she
can do now. She is toast I think.
I can only think of two reasons that they've closed the door firmly in her face. Either
they have simply lost patience and now accept there is nothing can be salvaged, or they have
lost patience with May personally, and hope that a new leader might do a deal out of
desperation. The latter seems highly unlikely – a sudden Tory challenge is more likely
to bring a hardliner into power.
Whichever way you look at it, things look certain to come to a head very soon now. The EU
may have a hope that the UK will blink when staring into the abyss and agree to the backstop,
but I don't see how politically this a capitulation is possible, at least with the Tories in
Richard Kline ,
September 20, 2018 at 5:44 pm
The solution is, patently, Tories out of power. Which I think will happen, certainly
between now and 31 March 2019. Now would be better. Anyone thinking strategically in other
parties in the UK (an oxymoron of a formulation, to be sure) would call for a no confidence
vote the instant May's feet are on British soil.
I doubt that this is personal, but what do I know. May is a nincompoop. The other heads of
state patently, and quite rightly, don't respect her. Her presence has been useful to them
only insofar as she could deliver a deal. Macron looked at his watch and the date said, non on that. Just looking at his ambitions and how he operates, I would think he
wanted to go this route quite some time ago, but the 'softly, softly' set such as the Dutch
and Merkel wouldn't back that, and he was too smart to break ranks alone. That the Germans
have given up on May is all one really needs to know. This was May's no confidence vote by
the European Council, and she lost it over lunch.
September 21, 2018 at 4:19 am
I'd agree with your analysis of what happened – just glancing through the news today
it seems that Macron in particular just lost patience, and the other leaders were happy to
help him put the boot in. The EU has been trying to shore May up for a long time – the
December agreement was little more than an attempt to protect her from an internal heave.
This is a common dynamic in the EU – however much the leaders may dislike each other,
they will usually prefer the person at the seat than the potential newcomer.
But I think the EU has collectively decided that May is simply incapable of delivering any
type of agreement, so there is no point in mincing words. They simply don't care any more if
the Tory government collapses, or if they put Rees Mogg or Johnson in power. It makes
absolutely zero difference to them. In fact, it might make it easier for the EU if the UK
goes politically insane as they can then wash their hands of the problem.
September 20, 2018 at 5:20 pm
At this point it might actually be a blessing if that happened. There is likely to be a
great deal of practical difference between a no-deal Brexit with six months of planning and
preparation and a no-deal Brexit that takes everyone by surprise at the very last minute.
(Yes, they will both be a nightmare, but some nightmares are worse than others). All this
pretense that the other side is bluffing and will roll over at the 11th hour is starting to
look like a convenient excuse for not facing reality. I don't think either side is
Comments like "Britain desperately needs to have an honest conversation about the limits
of the UK's bargaining power" might very well be true, but they're also irrelevant at this
point. Certainly it would have been very useful if it had happened two years ago. Right now
it's time to break out the life jackets.
Richard Kline ,
September 20, 2018 at 5:35 pm
Most Brits don't seem capable of mentally accepting how irrelevant they actually are
internationally. They are NOT a 'power' in any other respect than that they have nuclear
weapons under their launch authority (which they are never going to use). They have no
weight. The City is, really other people's money that predominantly foreign nationals at
trading desks play with, loose, steal, hide, and occasionally pay out. The UK economy isn't
of any international consequence. Brits are embedded in the international diplomatic
process, in a dead language speakers kind of way, which makes them seem important. But they
So there was never going to be a reassessment of the weaknesses of Britain's negotiating
position, nor will there be now exactly, because most in Britain cannot get their heads
around the essential premise to such a discussion, the Britain is now essentially trivial on
the power scale rather than of any real consequence. The Kingdom of Saud has more real power.
Turkey is a more consequential actor. Mexico has more people. &etc.
orange cats ,
September 20, 2018 at 12:53 pm
If one is to accept the convictions of master bloviator Niall Ferguson and other
Brexiteers, the issue is issue. Brexit is about immigration, period. The EU claims it will
not bend on free movement of people, Brexiteers will not accept anything less. There was such
a huge outcry when May mentioned the possibility of 'preferential' treatment for EU citizens
back in July she threatened any further public dissent in the party would result in sackings.
The EU insists there can be no trade deals, no freed movement of goods without free movement
of people, for good reasons. Hard to imagine them climbing down.
September 20, 2018 at 1:58 pm
There's about as many reasons why people voted Brexit as there's different Brexits they
wanted. Immigration is just one of the convenient scapegoats peddled by both sides, although
for different reasons.
If you want a better (but still not complete) reason, try decreasing real income.
orange cats ,
September 20, 2018 at 2:27 pm
I'd like to know what those "many different reasons" are. Sovereignty? Well, that rolls
off the tongue more easily than "immigration" which, leavers know, sounds a bit racist.
"Control of borders" works for leavers like Nigell, although he went on at great length about
how it's all about immigration, after talking to all the 'real' folks in the provinces.
September 21, 2018 at 4:08 am
I don't do other people's homework – the unwilligness to do so tends to be a
reliable indicator of not being open to aruments in the first place.
September 20, 2018 at 4:47 pm
My Irish/Brit family's Own Private Brexit: the grandparents are entitled to naturalisation
and voted Leave, the children are subjects/citizens and voted Remain (and almost all vote
Tory), the grandchildren are compromised subjects/citizens and didn't have a vote. Everyone's
happy to be entitled to an EU passport. The Pakistan offshoot has a less complex variation
(fewer rights), but I believe their family voted Leave on balance. Life.
September 20, 2018 at 5:31 pm
A colleague told me today he knows of several Northern Irish Republicans who voted leave,
precisely because they thought this would create constitutional havoc and lead to a united
Ireland. It seems at least some people were thinking strategically .
Mike Barry ,
September 21, 2018 at 3:37 am
Not that immigration has anything to do with that,
September 21, 2018 at 8:27 am
Majority of the drop in real income is NOT driven by immigration. You may find it
surprising, but there were times with large (relatively speaking) immigration and the real
incomes going up.
orange cats ,
September 21, 2018 at 10:25 am
I don't believe it is either, you seem to think these views are my own. I am speculating,
with some basis, that a majority of leavers think so. Anti-immigration attitudes are
entrenched and growing. Just the other day a teacher, no less, spouted off about how
immigrants were causing crime and stealing jobs. This is in a blue city in a blue state. I
September 21, 2018 at 2:49 pm
People come up with fantasy explanations when they've been reduced from realistic
assessments to fantastic ideologies. If there's a clear answer but you are ideologically
constrained from considering it, you need to invent some answer, the nuttier the better.
September 20, 2018 at 5:45 pm
I think a major part of the problem is that British politicians and media seem to believe
that Brexit is mainly (or exclusively) a British topic.
One British politician publishes one proposal, another British politician shoots it down.
With the British media reporting about it gleefully for days. Newspaper articles, opinion
pieces. Without even mentioning what the EU might think about it. The EU seems to not exist
in this bubble.
Just remember the more than 60 "notices to stakeholders" published by the EU months ago.
And freely available for reading on the Internet. I´ve read British media online for a
long time now but somehow these notices never made any impact. It was only when the first
British impact assessments were published (not that long ago) that British media started to
report about possible problems after a no-deal Brexit. Problems / consequences that were
mentioned in the EU notices months ago.
It´s almost unbelievable. It looks like if something isn´t coming from London (or
Westminster) then it doesn´t exist in the British media.
And it´s the same with British politicians.
David Davis and the back-stop deal in late 2017?. He agreed with it during the negotiations,
returned home and then said that it wasn´t binding, just a letter of intent. Or Michael
Gove a few days ago? Regardless of what agreement PM T. May negotiates now with the EU, a new
PM can simply scrap it and negotiate a new deal? Or send government members to the EU member
states to try and undermine Barnier as reported in British media? How exactly is that
Have they never heard about the Internet? And that today even foreigners might read British
Brexit supporter Jacob Rees-Mogg might be the MP for the 18th century but surely they know
that today there are faster methods for messages than using pigeons?
What about foreign investment in the UK? The gateway to the EU? Japanese car
The drop in foreign investment was reported, to be sure. But after a few days it was
T. May according to British media articles apparently developed her Brexit strategy (and
her red lines) together with her two closest political advisers back in late 2016 / early
2017. No cabinet meeting to discuss the strategy, no ordering of impact assessments which
might have influenced the strategy (and the goals). And apparently – in my opinion
– no detailed briefing on how the EU actually works. What might be realistically
possible and what not.
The resignation of Ivan Rogers seems to support my speculations. Plus the newspaper
articles in early 2017 which mentioned that visitors to certain British government ministries
were warned not to criticize Brexit or warn about negative consequences. Such warnings would
result in no longer being invited to visit said ministry and minister.
If they actually went through with that policy they created an echo chamber with no
dissenting voices allowed.
Which might explain why they had no plan to deal with the EU.
British politicians apparently were supposed to negotiate Brexit among themselves. And once
they had reached a (tentative) consensus the foreigners (the EU) were apparently supposed to
bow down and accept the British proposal.
And now when the EU hasn´t followed the script they don´t know what to do?
I´m not an expert but it was pretty clear to me that the Chequers deal would never
work. It was pretty obvious even when EU politicians were somewhat polite about it when T.
May proposed it.
It might have been a good starting point for negotiations if she had introduced it in 2017.
But in July 2018? Just a few months before negotiations were supposed to be concluded? And
then claiming it´s the only realistic proposal? It´s my way or the highway?
It was obvious.
Which means I never understood why the British media was treating the Chequers proposal as a
serious proposal? And spending lots of time and articles discussing on how to convince the EU
/ the member states.
I really think the EU member states have finally concluded that T. May is incapable of
producing (and getting a majority in the House of Commons) for any realistic solution.