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Moving Forward, Iran Outflanks the U.S. in Iraq and Beyond
Moving Forward, Iran Outflanks the U.S. in Iraq and Beyond Iran has successfully navigated the first phase of its resistance to U.S. sanctions pressure. The U.S. State Department has admitted it’s goal of reducing Iran’s oil exports to zero is not feasible. The goal now is a 25% drop to 800,000 barrel per day. And […]
Changes in Government Deposits and Money Supply
CHANGES IN GOVERNMENT DEPOSITS AND MONEY SUPPLY The US debt ceiling suspension, signed in February 2018, expires at the beginning of March this year. Some commentators are of the view that the US Treasury must carry out special measures if it expects a delay in raising the debt ceiling in March. The Treasury would have […]
The Coming Wave Of High-Tech Authoritarianism
The Coming Wave Of High-Tech Authoritarianism One of history’s hard lessons is that collapsing financial systems beget authoritarian politics. Today’s world, alas, is following this script, as rising debts lead to wrenching political changes in nearly every country that holds free elections, while fascism and socialism are once again being taken seriously by people who […]
While the Nation Fragments Socially, the Financial Aristocracy Rules Unimpeded
While the Nation Fragments Socially, the Financial Aristocracy Rules Unimpeded America’s aristocracy is not formalized, and that’s the secret of its success. If there is one central irony in American history, it is this: the citizenry that broke free of the chains of British Monarchy, the citizenry that reckoned everyone was equal before the law, the […]
Real Reason Trump Wants to Ban Huawei: US Wants to Spy and China Won’t Cooperate
Real Reason Trump Wants to Ban Huawei: US Wants to Spy and China Won’t Cooperate The UK, Germany, India, and the United Arab Emirates are among the countries resisting US pressure to Ban Huawei. The New York Times reports U.S. Campaign to Ban Huawei Overseas Stumbles as Allies Resist. Over the past several months, American officials […]
What Norway’s Big Divestment Decision Means for Fracking, Tar Sands and Global Oil Exploration
What Norway’s Big Divestment Decision Means for Fracking, Tar Sands and Global Oil Exploration Norway’s sovereign wealth fund — a state-owned investment fund worth approximately a trillion dollars — recently announced it was divesting from oil and gas exploration companies around the world. Not surprisingly, many oil and gas stocks declined following the announcement. While this is […]
Capital Flows–Is a Reckoning Nigh?
CAPITAL FLOWS – IS A RECKONING NIGH? Borrowing in Euros continues to rise even as the rate of US borrowing slows The BIS has identified an Expansionary Lower Bound for interest rates Developed economies might not be immune to the ELB Demographic deflation will thwart growth for decades to come In Macro Letter – No 108 […]
Blain’s Morning Porridge – March 18th 2019
Blain’s Morning Porridge – March 18th 2019 “It’s the edge of the world and all of western civilization, the Sun may rise in the East at least its settled in a fine location..” In the headlines this morning: https://www.morningporridge.com/stuff-im-watching What a Saturday…Well done Wales on a well-deserved Grand Slam. But, I wonder if there is a […]
How the Concentration of Wealth is Driving a New Global Imperialism
How the Concentration of Wealth is Driving a New Global Imperialism Corporate media today is highly concentrated and fully international. Their primary goal is the promotion of product sales and pro-capitalist propaganda through the psychological control of human desires, emotions, beliefs, fears, and values. Regime changes in Iraq and Libya, Syria’s war, Venezuela’s crisis, sanctions […]
Don’t Be So Negative
DON’T BE SO NEGATIVE “FED’S WILLIAMS SAYS IN A DOWNTURN WE COULD CONSIDER QUANTITATIVE EASING, NEGATIVE RATES.” Tweet by Reuters’ Jennifer Ablan, reporting on a speech by John Williams of the Federal Reserve Bank of New York at the Economic Club of New York, 6 March 2019. “Because NIRP worked so well in Europe and […]
Weekly Commentary: No One Knows How Monetary Policy Works
Weekly Commentary: No One Knows How Monetary Policy Works My interest was piqued by a Friday Bloomberg article (Ben Holland), “The Era of Cheap Money Shows No One Knows How Monetary Policy Works.” “Monetary policy is supposed to work like this: cut interest rates, and you’ll encourage businesses and households to borrow, invest and spend. […]
Keynes is Dead; This is the Long Run
KEYNES IS DEAD; THIS IS THE LONG RUN “In the long run, we are all dead.”–JOHN MAYNARD KEYNES ______________________________________________________________________________________________________________ INTRODUCTION John Maynard Keynes, an English economist and author, has been held in high esteem for several decades thanks to his groundbreaking work in economics in the early 20th century. The theory he popularized in an […]
David Holmgren: A Baby Boomers’ Apology
David Holmgren: A Baby Boomers’ Apology There are days, though all too scarce, when very nice surprises come my way. Case in point: yesterday I received a mail from David Holmgren after a long period of radio silence. Australia’s David is one of the fathers of permaculture, along with Bill Mollison, for those few who […]
Debt, Death, and the US Empire
Debt, Death, and the US Empire In a talk which garnered little attention, one of the Deep State’s prime operatives, National Security Advisor John Bolton, cautioned of the enormous and escalating US debt. Speaking before the Alexander Hamilton Society, Bolton warned that current US debt levels and public obligations posed an “economic threat” to the nation’s […]
