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The 12-Step Method of Regime Change
The 12-Step Method of Regime Change On 15 September 1970, US President Richard Nixon and National Security Advisor Henry Kissinger authorised the US government to do everything possible to undermine the incoming government of the socialist president of Chile, Salvador Allende. Nixon and Kissinger, according to the notes kept by CIA Director Richard Helms, wanted […]
Trump Walks Back Syria Pullout As Noose Tightens
Trump Walks Back Syria Pullout As Noose Tightens If anyone still thinks that Donald Trump has some master plan to kill off his Deep State adversaries they should check themselves into therapy. I know withdrawal is hard, but admitting you have a problem is the first step to curing it. He doesn’t have a plan. […]
How a Fragile Euro May Not Survive the Next Crisis
How a Fragile Euro May Not Survive the Next Crisis A big US monetary inflation bang brought the euro into existence. Here’s a prediction: It’s death will occur in response to a different type of US monetary bang — the sudden emergence of a “deflationary interlude.” And this could come sooner than many expect. The […]
The Fed’s Easy-Money Policies Aren’t Helping Income Growth
The Fed’s Easy-Money Policies Aren’t Helping Income Growth Back in August, Bloomberg interviewed Karen Petrou about her research on quantitative easing and the Fed’s policies since the 2008 financial crisis. What she has discovered has not been encouraging for people who aren’t already high-income, and in recent research presented to the New York Fed, she […]
The Global 1% Is Destroying Democracy
The Global 1% Is Destroying Democracy Unraveling a web of dark money “Wherever you live in the world, you’ve been robbed. Not by a hidden bandit, but a global kleptocracy: the super-rich who’ve managed to rob the poor blind in every corner of the globe for the past seven decades.” — Michelle Chen We’re living in a time […]
The Idea That the Fed Is ‘Independent’ Is Absurd
The Idea That the Fed Is ‘Independent’ Is Absurd Reuters Photographer President Donald Trump sparked controversy — as is his wont — when he recently told CNBC that he was “not thrilled” with the Federal Reserve’s announced hikes in short-term interest rates, which he claimed would hinder the economic expansion for which his administration had […]
The Degrading Facts of a Fake Money Hole in the Head
The Degrading Facts of a Fake Money Hole in the Head Squishy Fact Finding Mission Today we begin with the facts. But not just the facts; the facts of the facts. We want to better understand just what it is that is provoking today’s ludicrous world. To clarify, we are not after the cold hard […]
The CIA Owns the US and European Media
The CIA Owns the US and European Media William Blum shares with us his correspondence with Washington Post presstitute Michael Birnbaum. As you can tell from Birnbaum’s replies, he comes across as either very stupid or as a CIA asset. When I received my briefing as staff associate, House Defense Appropriations Subcommittee, which required top […]
Trump’s Tweets End the Myth of Fed Independence
Trump’s Tweets End the Myth of Fed Independence President Trump’s recent Tweets expressing displeasure with the Federal Reserve’s (minor) interest rate increases led to accusations that President Trump is undermining the Federal Reserve’s independence. But, the critics ignore the fact that Federal Reserve “independence” is one of the great myths of American politics. When it […]
Trump Administration Planning Pinochet-type Coup in Venezuela
Trump Administration Planning Pinochet-type Coup in Venezuela The retrograde Donald Trump administration is planning a military coup in Venezuela to oust the socialist government of President Nicolas Maduro. U.S. Secretary of State Rex Tillerson, speaking at the University of Texas prior to embarking on a multi-nation tour throughout Latin America and the Caribbean, said the […]
The Petrodollar’s Biggest Challengers
The Petrodollar’s Biggest Challengers Established in the early 1970s, the petrodollar has secured the United States’ influence over the oil trade for over 40 years, but recently, it is clear that this monopoly is slowly beginning to fall apart. Due to the plummeting value of the dollar, the debt from the Vietnam War, and excessive […]
The Downright Sinister Rearrangement of Riches
The Downright Sinister Rearrangement of Riches Simple Classifications Let’s begin with facts. Cold hard unadorned facts. Water boils at 212 degrees Fahrenheit at standard atmospheric pressure. Squaring the circle using a compass and straightedge is impossible. The sun is a star. The sun is not just a star, it is a benevolent star. Look, it […]
Cracks in Dollar Are Getting Larger
Cracks in Dollar Are Getting Larger Many Daily Reckoning readers are familiar with the original petrodollar deal the U.S made with Saudi Arabia. It was set up by Henry Kissinger and Saudi princes in 1974 to prop up the U.S. dollar. At the time, confidence in the dollar was on shaky ground because President Nixon […]
Trump Left Saudi Arabia Off His Immigration Ban… Here’s the Shocking Reason Why
Trump Left Saudi Arabia Off His Immigration Ban… Here’s the Shocking Reason Why On August 15, 1971, President Nixon killed the last remnants of the gold standard. It was one of the most significant events in US history—on par with the 1929 stock market crash, JFK’s assassination, or the 9/11 attacks. Yet most people know […]
This Isn’t Your Grandfather’s (1960s) Inflation Scare
March 14, 2018
This Isn’t Your Grandfather’s (1960s) Inflation Scare “This reminds me of the late 1960s when we experimented with low rates and fiscal stimulus to keep the economy at full employment and fund the Vietnam War. Today we don’t have a recession, let alone a war. We are setting the stage for accelerating inflation, just as […]
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