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Tag Archives: united states
China & US War in 3 Months?
China & US War in 3 Months? The former Labor Prime Minister of Australia Kevin Rudd has come out in a piece he wrote in Foreign Affairs – Beware the Guns of August—in Asia. Rudd is claiming that the US and China may go to war in three months ahead of the US elections. This is clearly the […]
GDP & Consumer Confidence in Crash Mode
GDP & Consumer Confidence in Crash Mode The impact of Coronavirus is far worse than most can imagine. GDP dropped 32% during the 2nd-quarter which is a new historical record surpassing every recession and the Great Depression of both the 19th and 20th centuries. The epidemiologists cannot be this stupid. The people who have died […]
We Are Experiencing Economic Devastation On A Scale That America Has Never Seen Before
We Are Experiencing Economic Devastation On A Scale That America Has Never Seen Before For a very long time we have been warned that a U.S. economic collapse was inevitably coming, and now it is here. Fear of COVID-19 and unprecedented civil unrest in our major cities have combined to plunge us into a historic […]
US Threatens European backers of Nord Stream 2 Pipeline, NATO in DC’s Crosshairs
US Threatens European backers of Nord Stream 2 Pipeline, NATO in DC’s Crosshairs The Nord Stream 2 pipeline is nearing completion despite all the best efforts by the U.S. to stop its construction, causing a rift between Washington and its largest European ally and the potential end of NATO. The U.S. is starting to fret […]
Election 2020: The Worst Case Scenario Is The Most Likely One
Election 2020: The Worst Case Scenario Is The Most Likely One The most frequently asked question I get these days is what is going to happen in November, 2020. The election seems to be on the majority of people’s minds even more so that the coronavirus pandemic. In the summer of 2016 I accurately predicted that Donald Trump […]
US Facing Mounting Debt Amid Global Pandemic – ABC
US Facing Mounting Debt Amid Global Pandemic – ABC Good interview with Professor Barry Eichengreen of UC Berkeley, a good friend of GMM, and odds on favorite to be a Nobel laureate one day. We agree with him that now is not the time to worry about the public debt as we are already down this rabbit hole and […]
Trump’s Golden Era of Energy Is Turning to Lead
Trump’s Golden Era of Energy Is Turning to Lead It was just over a year ago that President Trump announced, “The golden era of American energy is now underway,” saying that his policies focused on exploiting oil, gas, and coal were “unleashing energy dominance.” What a difference a year makes. On July 10, the Financial Times ran an […]
The Forgotten Conflict That Is Threatening Energy Markets
The Forgotten Conflict That Is Threatening Energy Markets One of the world’s forgotten conflicts is now making headlines again. In the last week, the military conflict between Azerbaijan and Armenia has reignited, with the two nations having already been engaged in a military confrontation for decades. Nagorno Karabach, an Armenian enclave inside of Azerbaijan, is […]
SCOTT RITTER: Powell & Iraq—Regime Change, Not Disarmament: The Fundamental Lie
SCOTT RITTER: Powell & Iraq—Regime Change, Not Disarmament: The Fundamental Lie Regime change, not disarmament, was always the driving factor behind U.S. policy towards Saddam Hussein. Powell knew this because he helped craft the original policy. The New York Times Magazine has published a puff piece soft-peddling former Secretary of State Colin Powell’s role in selling […]
Covid-19: Phase 1 of the “Permanent Crisis”?
Covid-19: Phase 1 of the “Permanent Crisis”? Let’s assume that the events of the last five months are neither random nor unexpected. Let’s say they’re part of an ingenious plan to transform American democracy into a lockdown police state controlled by criminal elites and their puppet governors. And let’s say the media’s role is to […]
“Putin Hacked Our Coronavirus Vaccine” Is The Dumbest Story Yet
“Putin Hacked Our Coronavirus Vaccine” Is The Dumbest Story Yet OMG you guys Putin hacked our coronavirus vaccine secrets! Today mainstream media is reporting what is arguably the single dumbest Russiavape story of all time, against some very stiff competition. “Russian hackers are targeting health care organizations in the West in an attempt to steal coronavirus […]
It Starts: Mortgage Delinquencies Suddenly Soar at Record Pace
It Starts: Mortgage Delinquencies Suddenly Soar at Record Pace And this is just for April, the very beginning of the Pandemic’s impact on housing. OK, it’s actually worse. Mortgages that are in forbearance and have not missed a payment before going into forbearance don’t count as delinquent. They’re reported as “current.” And 8.2% of all […]
Democracy and the Illusion of Choice
Democracy and the Illusion of Choice Drawing by Nathaniel St. Clair The neoliberal logic of everything for the rich is now so deeply embedded in American political economy that its base assumptions appear untouchable, except in rare and extraordinary circumstances. With the Covid pandemic exacerbating the current crisis of capitalism, political and economic defense mechanisms […]
Mexico State Oil Company Files $22 Billion Debt Swap amid IMF Threats and White House Visit
THE “NEW NAFTA” Mexico State Oil Company Files $22 Billion Debt Swap amid IMF Threats and White House Visit Mexico’s economy is put in the crosshairs by the IMF as the “new NAFTA” takes effect and AMLO is forced to make concessions to avoid an even deeper recession. Mexico’s president, Andres Manuel Lopez Obrador, known […]
The Insane U.S. Budget Deficit Just Went Ballistic
The Insane U.S. Budget Deficit Just Went Ballistic Photo by Defense.gov | CC BY | Photoshopped In recent years, as the government has run annual deficits nearing $1 trillion, they’ve continued to hit the debt ceiling, which is supposed to keep spending in line. But each time, Congress has voted to raise the ceiling so they could continue paying obligations. These […]
