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The business and mainstream press this month, September 2018, has been publishing numerous accounts of the 2008 financial crash on its tenth anniversary. This month attention has been focused on the Lehman Brothers investment bank crash that accelerated the general financial system implosion in the US, and worldwide, ten years ago. Next month, October, we’ll no doubt hear more about the crash as it spread to the giant insurance company, AIG, and beyond that to other brokerages (Merrill Lynch), mid-sized banks (Washington Mutual), to the finance arms of the auto companies (GMAC) and big conglomerates (GE Credit), to the ‘too big to fail’ banks like Bank of America and Citigroup and beyond. These ‘reports’ are typically narrative in nature, however, and provide little in the way of deeper historical and theoretical analysis.

Parallels & Comparisons 1929 & 2008

It is often said that the initial months of the 2008-09 crash set the US economy on a trajectory of collapse eerily similar to that of 1929-30. Job losses were occurring at a rate of 1 million a month on average from October 2008 through March 2009. One might therefore think that mainstream economists would look closely at the two time periods—i.e. 1929-30 and 2008-09—to determine with patterns or similar causes were occurring. Or to a deep analysis of the periods immediately preceding 1929 and 2008 to see what similarities prevailed. But they haven’t.

What we got post-2009 from the economic establishment was a declaration simply that the 2008-09 crash was a ‘great recession’, and not a ‘normal’ recession as had been occurring from 1947 to 2007 in the US. But they provide no clarification quantitatively or qualitatively as to what distinguished a ‘great’ from ‘normal’ recession was provided. Paul Krugman coined the term, ‘great’, but then failed to explain how great was different than normal. It was somehow just worse than a normal recession and not as bad as a bonafide depression. But that’s just economic analysis by adverbs.

…click on the above link to read the rest of the article…

Hold the Front Page, the Reporters are Missing

September 20, 2018

Hold the Front Page, the Reporters are Missing

Photo Source Lisa Abitbol/Nieman Foundation for Journalism | CC BY 2.0

The death of Robert Parry earlier this year felt like a farewell to the age of the reporter. Parry was “a trailblazer for independent journalism”, wrote Seymour Hersh, with whom he shared much in common.

Hersh revealed the My Lai massacre in Vietnam and the secret bombing of Cambodia, Parry exposed Iran-Contra, a drugs and gun-running conspiracy that led to the White House. In 2016, they separately produced compelling evidence that the Assad government in Syria had not used chemical weapons. They were not forgiven.

Driven from the “mainstream”, Hersh must publish his work outside the United States. Parry set up his own independent news website Consortium News, where, in a final piece following a stroke, he referred to journalism’s veneration of “approved opinions” while “unapproved evidence is brushed aside or disparaged regardless of its quality.”

Although journalism was always a loose extension of establishment power, something has changed in recent years. Dissent tolerated when I joined a national newspaper in Britain in the 1960s has regressed to a metaphoric underground as liberal capitalism moves towards a form of corporate dictatorship. This is a seismic shift, with journalists policing the new “groupthink”, as Parry called it, dispensing its myths and distractions, pursuing its enemies.

Witness the witch-hunts against refugees and immigrants, the willful abandonment by the “MeToo” zealots of our oldest freedom, presumption of innocence, the anti-Russia racism and anti-Brexit hysteria, the growing anti-China campaign and the suppression of a warning of world war.

With many if not most independent journalists barred or ejected from the “mainstream”, a corner of the Internet has become a vital source of disclosure and evidence-based analysis: true journalism.

…click on the above link to read the rest of the article…

That Time CNN Staged A Fake Interview With A Syrian Child For War Propaganda

September 10, 2018

That Time CNN Staged A Fake Interview With A Syrian Child For War Propaganda

Imagine if you and some friends wandered into a completely dark room together for some reason. You’ve never been in this room before, and you can’t see a thing.

Now imagine one of your friends says he can see everything in the room perfectly, and starts describing the different things that he sees in a confident, assertive tone of voice. You know for a fact that there’s no light in the room, so you are doubtful that your friend is able to see any better than you are, but one by one your other friends start talking about the objects in the room as though what he is saying is true. After a while your group starts telling you you’re crazy and evil because you remain skeptical of your first friend’s ability to see the room in pitch darkness, despite his assertive tone of voice and despite the fact that everyone else believes it.

Western public discourse about Syria is very much the same. All the time I get people coming up yelling at me about what a butcher Bashar al-Assad is, how he loves gassing children because he’s an evil monster, how he’s killed hundreds of thousands of civilians in his own country out of sheer sadism, and all I can say to them is, you don’t know that. You don’t know any of those things, you’re just pretending you do because that’s what everyone else is doing. I know you don’t know any of those things because you’re looking at the same information landscape as I am, and it’s chock full of war propaganda. The media matrix is too full of obvious psyops meant to manufacture public consent for military interventionism in Syria for any westerner to have a clear idea of what’s actually happening in that country.

…click on the above link to read the rest of the article…

The 11th Hour: 8 Examples Of Mainstream Media Sources Warning Us Of Imminent Economic Disaster

September 8, 2018

The 11th Hour: 8 Examples Of Mainstream Media Sources Warning Us Of Imminent Economic Disaster

Are we on the verge of another great financial crisis, a devastating recession and a horrific implosion of the global debt bubble? On my website I have been relentlessly warning my readers about the inevitable consequences of our very foolish actions, but now the mainstream media is beginning to sound just like The Economic Collapse Blog. The coming crisis is so close now that a lot of them are starting to see it, and of course economic disaster is already a reality for much of the rest of the planet. For years, the mainstream media told us that things would get better, and in a lot of ways we did see some improvement. But now the tone of the mainstream media has become quite ominous, and that is definitely not a positive sign. The following are 8 examples of mainstream media sources warning us of imminent economic disaster…

#1 Forbes: “Disaster Is Inevitable When America’s Stock Market Bubble Bursts”…

As shown in this report, the U.S. stock market is currently trading at extremely precarious levels and it won’t take much to topple the whole house of cards. Once again, the Federal Reserve, which was responsible for creating the disastrous Dot-com bubble and housing bubble, has inflated yet another extremely dangerous bubble in its attempt to force the economy to grow after the Great Recession. History has proven time and time again that market meddling by central banks leads to massive market distortions and eventual crises. As a society, we have not learned the lessons that we were supposed to learn from 1999 and 2008, therefore we are doomed to repeat them.

The purpose of this report is to warn society of the path that we are on and the risks that we are facing.

…click on the above link to read the rest of the article…

MSM Finally Concedes Defeat On Yemen, Ceases Blackout Of Coverage

August 20, 2018

MSM Finally Concedes Defeat On Yemen, Ceases Blackout Of Coverage

Last month, an article by Fair.org went viral in republications by popular alternative media outlets ranging from Salon to Zero Hedge to Alternet to Truthdig, among many others. The article was initially titled “ACTION ALERT: It’s Been Over a Year Since MSNBC Has Mentioned US War in Yemen”, but many subsequent republications went with variations on the more attention-grabbing headline, “MSNBC has done 455 Stormy Daniels segments in the last year — but none on U.S. war in Yemen”.

The centerpiece of the article was the following graphic, which I saw shared on its own many times in my social media feeds:

That’s about as in your face as it gets, isn’t it?

Ever since the Saudi-led assault on Yemen began in March of 2015, alternative media outlets everywhere have been repeatedly and aggressively decrying the mainstream media in the US and UKfor their spectacular failure to adequately and accurately cover the violence and humanitarian disaster with appropriate reporting on who is responsible for it. After the 2016 US election, journalist Michael Tracey wrote an essay documenting how throughout the entire year and a half that Americans were pummeled with updates from the mass media about candidates and their campaigns, not one single question about Yemen was ever asked by any mainstream outlet of any candidate.

This is of course outrageous, but because of how media coverage works, mainstream attention was never drawn to the problem. It hasn’t been a total media blackout, but because it only turns up in mainstream media reports every once in a while with little if any emphasis being placed on who is behind the devastation, it occupies a very peripheral place in western consciousness.

…click on the above link to read the rest of the article…

In Monsters We Trust: US Mainstream Media No Friend of the American People

August 20, 2018

In Monsters We Trust: US Mainstream Media No Friend of the American People

Over the course of his turbulent presidency, Donald Trump has accused various media companies, with special attention reserved for CNN, as being purveyors of ‘fake news.’ In one early-morning Tweet last year, he slammed the “FAKE NEWS media” as the “enemy of the people.”

This week, over 300 US newspapers ran editorials on the same day – an event in itself that points to some high degree of collusion and groupthink – denouncing Trump’s insensitive portrayal of them, as if the notion that journalists were not in the same sleaze league as lawyers, politicians and professional con artists never crossed anyone’s mind before. Even the peace-loving Mahatma Gandhi recommended “equality for everyone except reporters and photographers.”

But is the MSM really an “enemy of the people?”

First, it cannot be denied that the US media, taken in all its wholesomeness, has been overwhelmingly consistent in its ‘style’ of reporting on Donald Trump, the 45th POTUS. And by consistent I mean unprecedentedly critical, misleading and outright aggressive in its guerilla coverage of him. If one is not convinced by the gloom-and-doom Trump stories featured daily in the Yahoo News feed, then a study by the Media Research Center (MRC) should do the job. From January 1 through April 30, evening news coverage of the US leader – courtesy of ABC, CBS and NBC – were 90 percent negative, which is pretty much the same incredible average revealed by MRC one year earlier.

The study looked at every one of the 1,065 network evening news stories about Trump and his administration during the first four months of 2018. Total negative news time devoted to Trump: 1,774 minutes, or about one-third of all evening news airtime. That’s pretty much the definition of a circle jerk.

…click on the above link to read the rest of the article…

Economic Contagion? Central Banks Are The Real Culprit

August 16, 2018

Economic Contagion? Central Banks Are The Real Culprit

The mainstream news has been awash lately in talk over the danger of economic “contagion,” primarily due to lack of dollar liquidity in emerging markets. This lack of liquidity is being pegged as a trigger for instability in stocks, bonds and forex markets around the world, and this time around it is the nation of Turkey that is being called a potential trigger for a fiscal domino effect spreading through multiple countries.

We have heard talk of “contagion” before. Not long ago, Italy’s political shift toward a supposedly populist government led to fears of debt contagion within the European Union; this is still a valid concern, just not for the reasons the mainstream financial media usually presents.

The issue of contagion must be examined through a different set of parameters besides those shoved in our faces by the financial media. In their world, everything is a matter of unpredictable cause and effect; everything is random and coincidental. Everything is chaos waiting to happen, and when crisis does strike, all can be blamed on a set of unrelated but interconnected scapegoats.

They will claim it was the “populists,” conservatives, conservative philosophy or the notion of national sovereignty. Or they will blame it on even more abstract concepts of “human greed” and “individual selfishness.”

These excuses for unstable systems and disasters stem from a propaganda ploy developed by DARPA called “Linchpin Theory.” It is the widely promoted idea that human systems collapse “naturally” when they become “too complex,” and all it takes to start this collapse in motion is a single well placed “linchpin” pulled at the right moment. In other words, DARPA wants you to believe that there is no such thing as organized conspiracy and that all disasters are caused by chance.

…click on the above link to read the rest of the article…

Climate Change Bites Big Business

August 14, 2018

Climate Change Bites Big Business

“Electoral politics is not the solution to the Earth-threatening problems we face.”

– Jeffrey St. Clair, 10 August 2018, Counter Punch

There is now no non-violent way to reverse climate change. Even with morally unrestrained action, it is probable that there is now no physical possibility of reversing climate change. The time for action was 1973-1979, the time of the two oil embargoes (the post Israeli War – against Egypt and Syria – Arab Oil Embargo of 1973; and the related-to-the-Iranian-Revolution vengeful price gouge oil embargo of 1979). This was the period of the Watergate-climax finale of the Nixon Administration, the Ford Administration, and the Carter “energy crisis” Administration. Politically, the election of Ronald Reagan in 1980 killed the possibility of US climate change action.

From Reagan through Bush I, Clinton, Bush II and Obama to Trump, the mentioning of climate change – as one of government’s highest priorities, as one of corporate America’s foremost concerns (to be addressed, not suppressed), and as one of mainstream media’s primary and continuing focuses and leading stories – was minimized if not altogether absent. If anything, climate change denialism was heavily promoted by corporate and partisan (right wing) media, and by legions of corporate agents, flacks and factotums masquerading as elected representatives in federal and state governments. That has now changed.

Climate change is now all over the front pages of the newspapers and is the headline story of the mainstream mass media, primarily because of the massive fires in California whose smoke has even reached New York City. Why this new overt and blaring mainstream news attention to climate change, a subject that was officially hush-hush, trivial and fake news so recently in the past? Obviously because climate change has begun costing big money to major sectors of American capitalism.

…click on the above link to read the rest of the article…

They Work To Manufacture Consent Because They Need It. So Don’t Give It To Them.

August 4, 2018

They Work To Manufacture Consent Because They Need It. So Don’t Give It To Them.

In Refusing To Defend Assange, Mainstream Media Exposes Its True Nature

July 30, 2018

In Refusing To Defend Assange, Mainstream Media Exposes Its True Nature

Last Tuesday a top lawyer for the New York Times named David McCraw warned a room full of judges that the prosecution of Julian Assange for WikiLeaks publications would set a very dangerous precedent which would end up hurting mainstream news media outlets like NYT, the Washington Post, and other outlets which publish secret government documents.

“I think the prosecution of him would be a very, very bad precedent for publishers,” McCraw said. “From that incident, from everything I know, he’s sort of in a classic publisher’s position and I think the law would have a very hard time drawing a distinction between The New York Times and WikiLeaks.”

Do you know where I read about this? Not in the New York Times.

“Curiously, as of this writing, McCraw’s words have found no mention in the Times itself,” activist Ray McGovern wrote for the alternative media outlet Consortium News. “In recent years, the newspaper has shown a marked proclivity to avoid printing anything that might risk its front row seat at the government trough.”

Though The New York Times itself has not reported it, it’s No. 2 lawyer told a group of judges that the prosecution of Julian Assange could have dire consequences for the Times itself, explains Ray McGovern.https://consortiumnews.com/2018/07/25/the-gray-lady-thinks-twice-about-assanges-prosecution/ …

9:40 AM – Jul 26, 2018

The Gray Lady Thinks Twice About Assange’s Prosecution

Though The New York Times itself has not reported it, it’s No. 2 lawyer told a group of West Coast judges that prosecution of Julian Assange by the U.S. government could have dire consequences for…

consortiumnews.com

So let’s unpack that a bit. It is now public knowledge that the Ecuadorian government is actively seeking to turn Assange over to be arrested by the British government. This was initially reported by RT, then independently confirmed by The Intercept, and is today full mainstream public knowledge being reported by mainstream outlets like CNN.

…click on the above link to read the rest of the article…

Guardians of the Magnitsky Myth

July 21, 2018

Guardians of the Magnitsky Myth

FROM THE ARCHIVES: In pursuit of Russia-gate, U.S. mainstream media embraces any attack on Russia and works to ensure Americans don’t hear the other side of the story, as with the Magnitsky myth, reported Robert Parry on Oct. 28, 2017.

As Russia-gate becomes the go-to excuse to marginalize and suppress independent and dissident media in the United States, a warning of what the future holds is the blacklisting of a documentary that debunks the so-called Magnitsky case.

The emerging outlines of the broader suppression are now apparent in moves by major technology companies – under intense political pressure – to unleash algorithms that will hunt down what major media outlets and mainstream “fact-checkers” (with their own checkered histories of getting facts wrong) deem to be “false” and then stigmatize that information with pop-up “warnings” or simply make finding it difficult for readers using major search engines.

For those who believe in a meaningful democracy, those tactics may be troubling enough, but the Magnitsky case, an opening shot in the New Cold War with Russia, has demonstrated how aggressively the Western powers-that-be behave toward even well-reported investigative projects that unearth inconvenient truth.

Throughout the U.S. and Europe, there has been determined effort to prevent the American and European publics from seeing this detailed documentary that dissects the fraudulent claims at the heart of the Magnitsky story.

The documentary – “The Magnitsky Act: Behind the Scenes” – was produced by filmmaker Andrei Nekrasov, who is known as a fierce critic of Russian President Vladimir Putin but who in this instance found the West’s widely accepted, anti-Russian Magnitsky storyline to be a lie.

…click on the above link to read the rest of the article…

The Schizophrenic Deep State is a Symptom, Not the Disease

July 21, 2018

The Schizophrenic Deep State is a Symptom, Not the Disease

If we understand the profound political disunity fracturing the nation and its Imperial Project, we understand the Deep State must also fracture along the same fault lines.

If we consider the state of the nation from 40,000 feet, several key indicators of profound political disunity within the elites pop out:

1. The overt politicization of the central state’s law enforcement and intelligence agencies: it is now commonplace to find former top officials of the CIA et al. accusing a sitting president of treason in the mainstream media. What was supposed to be above politics is now nothing but politics.

2. The overt politicization of the centralized (corporate) media: evidence that would stand up in a court of law is essentially non-existent but the interpretations and exaggerations that fit the chosen narrative are ceaselessly promoted–the classic definition of desperate propaganda by those who have lost the consent of the governed.

The nation’s elites are not just divided–they’re exhibiting signs of schizophrenic breakdown: disassociation and a loss of the ability to discern the difference between reality and their internal fantasies.

I’ve been writing about the divided Deep State for a number of years, for example, The Conflict within the Deep State Just Broke into Open Warfare. The topic appears to be one of widespread interest, as this essay drew over 300,000 views.

It’s impossible to understand the divided Deep State unless we situate it in the larger context of profound political disunity, a concept I learned from historian Michael Grant, whose slim but insightful volume The Fall of the Roman Empire I have been recommending since 2009.

As I noted in my 2009 book Survival+, this was a key feature of the Roman Empire in its final slide to collapse.

…click on the above link to read the rest of the article…

Our Institutions Are Failing

July 16, 2018

Our Institutions Are Failing

Our institutional failure reminds me of the phantom legions of Rome’s final days.

The mainstream media and its well-paid army of “authorities” / pundits would have us believe the decline in our collective trust in our institutions is the result of fake news, i.e. false narratives and data presented as factual.

If only we could rid ourselves of fake news, all would be well, as our institutions are working just fine.

This mainstream narrative is itself false: our institutions are failing, and the cause isn’t fake news or Russian hacking–the cause is insider plundering and collusion, aided and abetted by a decline in transparency and accountability and the institutionalization of incompetence.

In other words, the citizenry’s trust in institutions is declining because the failure of institutions is undeniably the fabric of everyday life in America.

When was the last time you heard the top management of a university system take responsibility for the unprecedented rise in the cost of tuition and textbooks? The short answer is “never.” The insiders benefiting from the higher-education cartel’s relentless exploitation of students and their families act as if the soaring costs are akin to cosmic radiation, a force of nature that they are powerless to control.

The same can be said of every other cartel plundering the nation: healthcare (i.e. sickcare, because profits swell from managing chronic illness, not from advancing health); the Big Pharma cartel; the military-industrial complex; banking; student loans; the governance-lobbying cartels; the war-on-drugs gulag, the FBI and so on in an endless profusion of insiders whose self-serving plunder and gross incompetence rarely generates consequences (such as being fired or indicted) due to an absence of accountability and transparency.

Incompetence has been institutionalized, and is now the accepted norm.Schools fail, municipal agencies fail, oversight agencies fail, state agencies fail, and the public feels powerless to effect any systemic change.

…click on the above link to read the rest of the article…

Why the Media is Desperate to Reclaim its “Gatekeeper” Status for News

July 16, 2018

Why the Media is Desperate to Reclaim its “Gatekeeper” Status for News

No one knows what to believe anymore in the age of the internet. Don’t you miss the good old days when you could believe that Iraq had weapons of mass destruction when the media reported it?

Everything is fake news, except perhaps the scores of last week’s high school basketball game. And maybe the local stuff is what we should be focusing on because that at least we can confirm to some extent.

Okay, maybe the high school sports scores aren’t an important focus. But what about holding local politicians and police accountable? Seems like paying attention to local news could do more to improve our surroundings than following the latest Trump news.

Yet even in the age of information, local papers are disappearing. As a direct result, the efficiency of local governments is suffering. A study found that a lack of local newspapers correlates with worse local government.

But has an influx of national news made national government more efficient?

No. It has only thrown more power behind collectivist trends. It has added ranks to the mobs of special interests that continue to expand federal expenditures and debt. National news is basically used as advertising to get the masses to line up behind a particular cause. It is activist journalism, directing the mob rule.

Local news differs because it is mixed with first-hand experience, as well as second-hand reports from witnesses–neighbors and friends. Gossip is one way of regulating this local flow of information. It provides details about who can be believed, and who might embellish.

Locally, there is an organic structure of information flow. This alone doesn’t make it accurate, but it gets closer by triangulating from where you get your information.

…click on the above link to read the rest of the article…

American Totalitarianism and the Culture of Fake News

June 26, 2018

American Totalitarianism and the Culture of Fake News

American citizens have a problem telling the difference between facts and opinion. That’s the finding of a recent survey carried out by the respected Pew organization.

It was found that only a quarter of the people polled were able to correctly distinguish between a factual statement and an opinion claim. In other words, the majority of those Americans surveyed wrongly believed that information presented to them purporting as facts were indeed facts, when the information was actually merely a subjective claim or opinion.

For example, when an opinion statement like “democracy is the best form of government” was read to them, most of the respondents defined that as a fact. Only some 25 per cent of the more than 5,000 people surveyed by Pew could correctly differentiate between facts and subjective statements.

Moreover, as the Reuters report on the study, put it: “They tend to disagree with factual statements they incorrectly label as opinions, Pew said.”

The latter tendency suggests that Americans are easily misled by false information, and perhaps more disturbingly, that they are closed-minded towards information that challenges their prejudices.

This commentary is not meant to unduly denigrate American citizens. It would be interesting to see what the results would be from a similar survey conducted in Europe, Russia or China.

Regardless of not having such a comparison, however, the Pew study indicates that there is a significant cognitive problem among US people in being able to assess facts from opinions. Given that opinions can be easily manipulated, misconstrued or mendacious that in turn points to a problem of American society being vulnerable to so-called fake news.

US President Donald Trump has almost singlehandedly coined the phrase “fake news” when he rails against news media which are adverse to his personality and his Republican party politics.

…click on the above link to read the rest of the article…

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