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The Elephant Cometh
The Elephant Cometh The elephant’s not even in the room, which is why the 2016 election campaign is such a soap opera. The elephant outside the room is named Discontinuity. That’s perhaps an intimidating word, but it is exactly what the USA is in for. It means that a lot of familiar things come to an […]
The American Dictatorship
The American Dictatorship Even for the post of U.S. President, the preferences of the American people have only a marginal, if any, impact upon the selection of the person to occupy that post. In Colorado’s Republican race to win delegates to the Republican National Convention for selecting the Republican Presidential nominee, there was no primary, […]
The Fed Sends a Frightening Letter to JPMorgan and Corporate Media Yawns
The Fed Sends a Frightening Letter to JPMorgan and Corporate Media Yawns Jamie Dimon, Testifying Before the Senate Banking Committee on June 13, 2012 Over Massive Derivative Losses at the Depository Bank of JPMorgan Chase Yesterday the Federal Reserve released a 19-page letter that it and the FDIC had issued to Jamie Dimon, the Chairman […]
American Narratives: The Rescue Game
American Narratives: The Rescue Game Last week’s post here on The Archdruid Report, with its analysis of the way that affluent white liberals use accusations of racism as a dog whistle for their own bigotry toward wage-earning Americans, got a flurry of emails and attempted comments trying to push the discussion back into the officially approved […]
The End of the American Empire
The End of the American Empire I’m here to talk about the end of the American empire. But before I do I want to note that one of our most charming characteristics as Americans is our amnesia. I mean, we are so good at forgetting what we’ve done and where we did it that we […]
America Now Preparing for World War III
America Now Preparing for World War III Because this article states so many things that might be likely to contradict what most people in Western countries have been led to believe, readers here are especially strongly encouraged to click onto any allegation which seems at all questionable, in order to get to the sources behind […]
Japan Desperately Needs a Stronger Dollar, China Desperately Wants a Weaker Dollar: The Fed Can’t Please Both
Japan Desperately Needs a Stronger Dollar, China Desperately Wants a Weaker Dollar: The Fed Can’t Please Both The FX market is about to blow up in the Fed’s face, and there’s nothing they can do about it. Foreign exchange (FX) is a zero-sum game: if one currency weakens, another must strengthen. Since the value of a […]
Apple crop under threat after cold snap follows early spring
Apple crop under threat after cold snap follows early spring Warm weather caused apple trees to start budding earlier than normal, and the fruits are now in danger by the cold snap that followed. (Pascal Rossignol/Reuters) Apple farmers in the East worry the late-season Arctic blast could take a big bite from their budding crops. […]
Can We Grow Out Of Our Problems If We’re Not Actually Growing?
Can We Grow Out Of Our Problems If We’re Not Actually Growing? The rationale for today’s easy money policies is pretty straightforward: Falling interest rates and rising government deficits will counteract the drag of excessive debts taken on in previous stimulus programs and asset bubbles, enabling the developed world to create wealth faster than it […]
On Fuel Economy Efforts, U.S. Faces an Elusive Target
On Fuel Economy Efforts, U.S. Faces an Elusive Target One of President Obama’s signature achievements on climate has been strict new standards aimed at improving fuel efficiency to nearly 55 miles per gallon by 2025. But credits and loopholes, coupled with low gas prices, may mean the U.S. will fall well short of this ambitious goal. […]
US scares Europe with ‘mythical’ Russian threat to justify military costs – Russian envoy to NATO
US scares Europe with ‘mythical’ Russian threat to justify military costs – Russian envoy to NATO © Michael Dalder / Reuters The US is using “mythical” Russian aggression as a European boogeyman to justify increasing defense spending while also hoping to revive NATO’s failing mission amid growing global security threat, Russia’s envoy to the alliance […]
Putin Denounces “Panama Papers” As U.S. Plot To Destabilize Russia
Putin Denounces “Panama Papers” As U.S. Plot To Destabilize Russia The last few days days have been rife with speculation about the motivation, if any, behind the release of the Panama Papers, with the most prominent example coming from Wikileaks two days ago on Twitter which accused the journalist consortium behind the leak, the ICIJ, of being […]
George Soros Targeting Putin through the Panama Papers?
George Soros Targeting Putin through the Panama Papers? The Panama Papers represent the biggest document leak of the modern era, and George Soros apparently has a role. The scandal that has erupted after the publication of the Mossack Fonseca law firm’s so-called “Panama Papers” was organized by the US Centers for investigations on corruption and […]
The Fed Can’t Save Us
The Fed Can’t Save Us In December, the Fed hiked its target for the federal funds rate, which is the interest rate banks charge each other for overnight loans of reserves. Since 2008 the Fed’s target for the Fed Funds Rate had been a range of 0 percent – 0.25 percent (or what is referred […]
Rothschild Humiliates Obama, Reveals That “America Is The Biggest Tax Haven In The World”
Rothschild Humiliates Obama, Reveals That “America Is The Biggest Tax Haven In The World” In his speech yesterday, following the Treasury’s crack down on corporate tax inversions, Obama blamed “poorly designed” laws for allowing illicit money transfers worldwide. Since the speech came at a time when the entire world is still abuzz with the disclosure from the […]
