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Ferguson: “The Whole World Is Playing A Massive, Multiplayer Game Of Chicken”
Ferguson: “The Whole World Is Playing A Massive, Multiplayer Game Of Chicken” From Trump’s trade wars to Brazil’s fires, the world is on the brink ‘Hey, Toreador! . . . We head for the edge, and the first man who jumps is a chicken. All right?” In Rebel without a Cause, Jim (James Dean) and […]
Krugman and the Goldbugs
Krugman and the Goldbugs The announcement that President Trump would nominate Judy Shelton, a long-time advocate of the gold standard, for a seat on the Federal Reserve’s Board of Governors got Paul Krugman thinking: why do some economic commentators become goldbugs? Krugman offers a rather cynical view. It is difficult “to build a successful career as […]
Mr. President, This Is How To Get The Fed To Launch Quantitative Easing
Mr. President, This Is How To Get The Fed To Launch Quantitative Easing Yesterday, after countless demands that the Fed cut interest rates, Trump finally made his first, long anticipated formal demand that the Fed should pursue “some quantitative easing“: ✔ · Aug 19, 2019 Our Economy is very strong, despite the horrendous lack of vision by […]
Economic Storm Trump Will be Blamed For Because of Bad Advisers
Economic Storm Trump Will be Blamed For Because of Bad Advisers There is a very Dark Cloud hovering over the world economy and at the center of this cloud lies not just Europe, but Germany – the strongest economy holding up all of Europe. The German manufacturing sector is in freefall. Trump will be blamed […]
Trump’s Blockade Begins: Venezuela Says Food Shipment Blocked In Panama Canal
Trump’s Blockade Begins: Venezuela Says Food Shipment Blocked In Panama Canal Venezuela’s Vice President Delcy Rodriguez has denounced what state media is describing as a ship seizure by the US in the Panama Canal Wednesday. The ship is reportedly packed with 25 thousands tons of Soya and was entering the narrow vital central America waterway, when its […]
Fourth Turning Economics
Fourth Turning Economics “In retrospect, the spark might seem as ominous as a financial crash, as ordinary as a national election, or as trivial as a Tea Party. The catalyst will unfold according to a basic Crisis dynamic that underlies all of these scenarios: An initial spark will trigger a chain reaction of unyielding responses […]
Top Scientist Says He Quit USDA Because Trump Admin Tried to Bury His Study on Climate and Nutrition
Top Scientist Says He Quit USDA Because Trump Admin Tried to Bury His Study on Climate and Nutrition Rep. Chellie Pingree tweeted, “Once again, the Trump admin is silencing our scientists.” Plant physiologist Lewis Ziska quit the U.S. Department of Agriculture Friday. (Photo: Peggy Greb/USDA Agricultural Research Service via sciencenewsforstudents.org) The exodus of federal scientists in the era […]
Tomgram: Andrew Bacevich, Future History
Tomgram: Andrew Bacevich, Future History In Donald Trump’s go-back-to-where-you-didn’t-come-from America, where the fear of immigrants (as well as their grotesque mistreatment) still seems on the rise, just wait. There’s so much more to come. Climate change has barely begun to hit this planet big time and yet, while there’s much writing about the grim circumstances (including gangs, drugs, and […]
US Navy Shoots Down Iranian Drone Over Strait Of Hormuz: Trump
US Navy Shoots Down Iranian Drone Over Strait Of Hormuz: Trump President Trump announced on Thursday that the amphibious assault ship, the USS Boxer, shot down an Iranian drone in the Strait of Hormuz in a defensive action. ✔Replying to @tictoc MORE: Trump said that the Iranian drone’s actions were “the latest of many provocative and hostile […]
De-Dollarizing the American Financial Empire
De-Dollarizing the American Financial Empire Guest: Michael Hudson Economist Michael Hudson continues his discussion of Super Imperialism: The Economic Strategy of American Empire with a focus on US monetary imperialism; President Trump’s demand for lower interest rates undercuts America’s requirement for foreign investment to fund its domestic and balance of payments deficit, increases the carry […]
Weekly Commentary: History Rhymes
Weekly Commentary: History Rhymes President Trump and President Xi are meeting in Osaka as I write. We’ll know much more in the morning. Pre-meeting reports had the two sides agreeing to a “truce.” Heading into the meeting, President Trump said progress was made in Friday trade talk preparations, as he seeks to “even it up” […]
Two Events That Will Determine Oil Prices
Two Events That Will Determine Oil Prices Two big events over the next two weeks will determine the trajectory for oil prices in the second half of the year. One of those events will take place in Japan, the other in Austria. U.S. President Donald Trump will meet Chinese President Xi Jingping on the sidelines […]
More US Warships Arrive In The Mideast Even As Trump Signals Draw Down
More US Warships Arrive In The Mideast Even As Trump Signals Draw Down Despite Trump taking to Twitter Monday morning to question, “why are we protecting the shipping lanes for other countries (many years) for zero compensation,”and asserting further that “All of these countries should be protecting their own ships” — the US naval build-up in the Persian Gulf region […]
Starvation Sanctions Are Worse Than Overt Warfare
Starvation Sanctions Are Worse Than Overt Warfare “We are putting major additional Sanctions on Iran on Monday,” President Trump tweeted today. “I look forward to the day that Sanctions come off Iran, and they become a productive and prosperous nation again – The sooner the better!” Iran’s economy is already floundering due to the steadily mounting sanctions that the Trump administration has been […]
