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A Path To War? China Cancels US Trade Talks As ‘Skirmish’ Escalates

A Path To War? China Cancels US Trade Talks As ‘Skirmish’ Escalates Following a surge in Chinese, European, and much of the US equity markets this week amid hopes that the so-called ‘trade skirmish’ was less ‘war-like’ than expected, China just dropped an early Saturday morning (local time) tape bomb that is sure to resurrect […]

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A Path to War?

A Path to War? The following is taken from the 1930s US Great Depression chapter of A Template for Understanding Big Debt Crises (which is available for free download HERE). I’m passing it along because I think that the 1935-40 period is most analogous to the current period and that it is worth reflecting on what happened then […]

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“The US Will Bear Responsibility”: China Furious After US Sanctions Beijing For Buying Russian Weapons

“The US Will Bear Responsibility”: China Furious After US Sanctions Beijing For Buying Russian Weapons It has been barely two weeks since China joined Russia in the “Vostok” war games, the largest display of Eurasian military might since 1981 when the Soviet Union was still a global superpower, and already the US has found an […]

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Has Russia Given Up on the West?

Has Russia Given Up on the West? By the end of his second term, President Ronald Reagan, who had called the Soviet Union an “evil empire,” was strolling through Red Square with Russians slapping him on the back. Bliss was it in that dawn to be alive. And how have we husbanded the fruits of […]

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Trump Admin Accelerates Push to Export Fracking to Argentina

Trump Admin Accelerates Push to Export Fracking to Argentina In June, U.S. Secretary of Energy Rick Perry traveled to Bariloche, Argentina, for a G20 Summit where he expressed his desire to help Argentina become more like Texas, his home state. “The technology that has allowed for the shale gas revolution in America, we want to make […]

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Ex-PBOC Head Warns China’s Exporters Could Soon Ditch The US

Ex-PBOC Head Warns China’s Exporters Could Soon Ditch The US Former Chinese central bank governor Zhou Xiaochuan suggested on Wednesday that the direct impact on China of the trade war with the US “appears limited,” though it could quickly prompt China’s top exporters to pivot away from US markets. Xiaochuan, who left the bank in […]

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HELOCs in the US & Canada: As “Scarred” Americans Learned Bitter Lesson, Canadians Went Nuts

HELOCs in the US & Canada: As “Scarred” Americans Learned Bitter Lesson, Canadians Went Nuts Home-equity-loan balances in Canada per capita are now 3.3 times what they were in the US during HELOC peak before it all collapsed. Home Equity Lines of Credit – the infamous HELOCs Americans used as endless ATMs to draw equity […]

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Facebook Plans “War Room” And A.I. Software To Prevent Election Meddling Ahead Of Midterms

Facebook Plans “War Room” And A.I. Software To Prevent Election Meddling Ahead Of Midterms Apparently Facebook thinks it’s the US military, or a NATO command center, or perhaps its millennial employees want to relive the 1980’s cult classic “WarGames” movie. Facebook announced Wednesday that it plans to set up a “war room” at its Silicon Valley […]

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Trump: “The OPEC Monopoly Must Get Prices Down Now!”

Trump: “The OPEC Monopoly Must Get Prices Down Now!” Less than three months after Trump’s latest tweet slamming OPEC, in which he warned the petroleum cartel that “the United States defends many of their members for very little $’s. This must be a two way street. REDUCE PRICING NOW!”… … Trump was at it again […]

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U.S. — A ‘Democracy Where ‘Both’ Sides Represent ONLY the Aristocracy

U.S. — A ‘Democracy Where ‘Both’ Sides Represent ONLY the Aristocracy The most comprehensive scientific study ever done of the subject has shown that America is ruled only by its few richest, not by the public. How can this be the case if its Government is run by two Parties — Democrats and Republicans? Those […]

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Brookings Institution a Leading Propagandist for U.S. Invasions

Brookings Institution a Leading Propagandist for U.S. Invasions On September 17th, the neoconservative-neoliberal Brookings institution held a propaganda-event to pump increased sales of weapons by U.S. weapons-manufacturing firms. The event’s main speaker was Robert Kagan, who is one of the many Brookings propagandists for invasions by the United States. Robert Kagan (he’s one of an […]

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Decoding Putin’s Response to Attack in Syria

Decoding Putin’s Response to Attack in Syria The fog of war and geopolitics makes initial responses to the attack on Russian and Syrian forces recently difficult to assess. Russian President Vladimir Putin’s response seemed timid and was at odds with statements from his Defense Minister Sergei Shoigu and more recent statements from Russia’s Foreign Ministry. […]

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Who Bought the $1.47 Trillion of New US National Debt over the Past 12 Months?

Who Bought the $1.47 Trillion of New US National Debt over the Past 12 Months? China, Japan, other foreign investors, the Fed, US government funds? Nope. Foreign private-sector investors and “foreign official” investors – central banks, governments, etc. – whittled down their holdings of US Treasury Securities by $21 billion at the end of  July, […]

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The West Against the Rest or The West Against Itself?

The West Against the Rest or The West Against Itself? The West’s illiberal-bashing frenzy has reduced what should be a crucial debate about a fearful West Against the Rest, to the more pressing issue of The West Against Itself, writes Pepe Escobar. What is the bigger story? The West Against the Rest or The West […]

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Iran Sanctions Are Damaging The Dollar

Iran Sanctions Are Damaging The Dollar Painful sanctions on Iran have demonstrated the long reach of the U.S. Treasury, forcing much of the globe to fall in line and cut oil imports from Iran despite widespread disagreement over the policy. Yet, we are only in the first few chapters of what may ultimately be a […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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