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10 Signs the U.S. Is Heading for a Depression

10 Signs the U.S. Is Heading for a Depression 

1– Unemployment is off-the-charts

Thursday’s jobless claims leave no doubt that the country is in the grips of another severe recession. More than 6.6 million Americans filed for unemployment insurance in the last week. That number exceeds the gloomiest prediction of more than 40 economists and pushes the two-week total to an eye-watering 10 million claims.

According to CNBC: 

“Those at the lower end of the wage scale have been especially hard-hit during a crisis that has seen businesses either cut staff outright or at best freeze any new hiring until there’s more visibility about how efforts to contain the coronavirus will work.

“We’ve lived through the recession and 9/11. What we’re seeing with this decline is actually worse than both of those events,” said Irina Novoselsky, CEO of online jobs marketplace CareerBuilder.” (CNBC)

According to New York Magazine:

“Economists at the Federal Reserve Bank of St. Louis projected Monday that job losses from the coronavirus recession would reach 47 million and push America’s unemployment rate to 32.1 percent — more than 7 points higher than its Great Depression–era peak.”

2– Service Sector has been walloped by the virus

Services account for 70% of the US economy, but presently the sector is in meltdown. According to the analysts at Wolf Street: “Employment contracted sharply and hours were reduced for those still employed. “The employment index plunged from +6.1 to -23.8, also the lowest level on record…

Retailers got whacked. The Retail Sales Index of the Texas Retail Outlook Survey collapsed from the already beaten-down level of -2.5 in February to an epic all-time low of -82.6 in March… (Also) the general business activity index collapsed from the beaten down level of -5.0 to a historic low of -84.2….

…click on the above link to read the rest of the article…

Coronageddon: Can a “Minsky Moment” be Avoided?

Coronageddon: Can a “Minsky Moment” be Avoided?

There’s a chance that the coronavirus will be contained in the United States and that fewer people will be infected than in China or Iran. But there’s also a possibility that the highly-contagious virus will spread and that there will be sporadic outbreaks across the country. If this latter scenario takes place, then the ructions in the stock market will intensify making it impossible to form a bottom or spark a relief rally. If stocks can’t find a bottom, then pressure will build on the weak players, who purchased securities with borrowed cash, to sell their good assets along with the bad in order to repay their debts. These massive selloffs can quickly turn into firesales where it’s nearly impossible to find a buyer regardless of price. This is what the financial media calls “panic selling”, a vicious, self-reinforcing downward spiral in which stock prices collapse in a frantic, disorderly selloff. The phenomenon has also been described by Pimco’s Paul McCulley as a “Minsky Moment”. Here’s a definition from Investopedia:

“Minsky Moment crises generally occur because investors, engaging in excessively aggressive speculation, take on additional credit risk during prosperous times, or bull markets. The longer a bull market lasts, the more investors borrow to try and capitalize on market moves. Minsky Moment defines the tipping point when speculative activity reaches an extreme that is unsustainable, leading to rapid price deflation and unpreventable market collapse. What follows, as hypothesized by Hyman Minsky, is a prolonged period of instability.” (Investopedia)

So, how close are we to a Minsky Moment?

…click on the above link to read the rest of the article…

Are Russia and Turkey on a Collision Course?

Are Russia and Turkey on a Collision Course?

The murder of the Iranian hero-martyr General Soleimani created a situation in which a war between Iran and the Axis of Kindness (USA/Israel/KSA) became a real possibility but, at the very last minute, Uncle Shmuel decided that he had no stomach for a full-scale war against Iran. Wise decision.

This, however, does not at all imply that the AngloZionist Empire decided to stand by idly, far from it. The need to take quick and determined action became particularly acute following the huge anti-US demonstrations in Iraq (well over one million people in the streets!) which directly put at risk the US occupation (the MSM would call it “presence”) in both Iraq and Syria.

At the same time, Turkish President Erdogan’s refusal to remove all the “bad terrorists” from the Idlib province eventually resulted in a joint Syrian-Russian offensive to liberate the province. That offensive, in turn, clearly infuriated the Turks who warned of a major military operation to prevent the Syrians from liberating their own country.

This begs the question: are Russia and Turkey really on a collision course?

There are certainly some very worrying warning signs including a number of very harsh statements by Erdogan himself, and a suddenly re-kindled Turkish interest for the US “Patriots”.

On the ground in Idlib, the Turks have clearly provided the “bad terrorists” with a lot of support including equipment, MANPADs, tanks and armored personnel carriers. The Turks actually went as far as sending special forces to assist the “bad terrorists” directly. Finally, from footage taken by Russian and Syrian drones, and even the “bad terrorists” themselves, it appears undeniable that Turkish MLRS and regular artillery provided the “bad terrorists” with fire support.

…click on the above link to read the rest of the article…

Gas Wars in the Mediterranean

Gas Wars in the Mediterranean 

The unexpected alliance between Turkey and Libya is a geopolitical earthquake that changes the balance of power in the eastern Mediterranean and across the Middle East. Turkey’s audacious move has enraged its rivals in the region and cleared the way for a dramatic escalation in the 9 year-long Libyan civil war. It has also forced leaders in Europe and Washington to decide how they will counter Turkey’s plan to defend the U.N-recognized Government of National Accord (GNA), and to extend its maritime borders from Europe to Africa basically creating “a water corridor through the eastern Mediterranean linking the coasts of Turkey and Libya.” Leaders in Ankara believe that the agreement “is a major coup in energy geopolitics” that helps defend Turkey’s “sovereign rights against the gatekeepers of the regional status quo.” But Turkey’s rivals strongly disagree. They see the deal as a naked power grab that undermines their ability to transport natural gas from the East Mediterranean to Europe without crossing Turkish waters. In any event, the Turkey-Libya agreement has set the stage for a broader conflict that will unavoidably involve Egypt, Israel, UAE, Saudi Arabia, Europe, Russia and the United States. All parties appear to have abandoned diplomatic channels altogether and are, instead, preparing for war.

On November 27, Turkey and Libya signed a Memorandum of Understanding (MoU) that commits Turkey to providing military assistance to Libya’s Government of National Accord (GNA). The MoU also redraws Turkey’s maritime boundaries in a way that dramatically impacts the transport of gas from the East Mediterranean to Europe. Israel is particularly worried that this new deal will undermine its plans for a 1,900-kilometer EastMed pipeline connecting the Leviathan gas field, off the coast of Israel, to the EU. YNET News summarized Israel’s concerns in an ominously titled article: “Turkey’s maneuver could block Israel’s access to the sea”. Here’s an excerpt:

…click on the above link to read the rest of the article…

An End to the World as We Know It?

An End to the World as We Know It?

Congress and the White House compete in year-end stupidity sweepstakes

At the end of the nineteenth century, Lord Palmerston stated what he thought was obvious, that “England has no eternal friends, England has no perpetual enemies, England has only eternal and perpetual interests.” Palmerston was saying that national interests should drive the relationships with foreigners. A nation will have amicable relations most of the time with some countries and difficult relations with some others, but the bottom line should always be what is beneficial for one’s own country and people.

If Palmerston were alive today and observing the relationship of the United States of America with the rest of the world, he might well find Washington to be an exception to his rule. The U.S., to be sure, has been adept at turning adversaries into enemies and disappointing friends, and it is all done with a glib assurance that doing so will somehow bring democracy and freedom to all. Indeed, either neoliberal democracy promotion or the neoconservative version of the same have been seen as an overriding and compelling interest during the past twenty years even though the policies themselves have been disastrous and have only damaged the real interests of the American people.

The U.S. relationship with Israel is, for example, driven by a powerful and wealthy domestic lobby rather than by any common interests at all yet it is regularly falsely touted as being between two “close allies” and “best friends.” It has cost Americans hundreds of billions of dollars in subsidies for the Jewish state and Israeli influence over U.S. policy in the Middle East region has led to catastrophic military interventions in Afghanistan, Lebanon, Iraq, Syria, Mogadishu and Libya.

…click on the above link to read the rest of the article…

The Rise of Tech Totalitarianism Michael Rectenwald’s GOOGLE ARCHIPELAGO

The Rise of Tech Totalitarianism Michael Rectenwald’s GOOGLE ARCHIPELAGO

The Wall Street Journal just published a shocking expose, How Google Interferes With Its Search Algorithms and Changes Your Results, [by Kirsten Grind, Sam Schechner, Robert McMillan and John West November 15, 2019], revealing not only that Google is exploiting its market power in ways the clearly raise anti-trust questions, but also that it shadow-bans sites that promote “hate or violence” even if “expressed in polite or even academic-sounding language”—i.e. VDARE.com and all immigration patriots. This confirms the terrifying message of Michael Rectenwald’s new book  Google Archipelago: The Digital Gulag and the Simulation of Freedom: the combination of Woke Capital and monopoly power is turning America into an open-air prison.

Rectenwald is a liberal academic who was chased out of New York University for dissenting mildly from the “pronoun wars” and the Leftist demand for blanket approval of transgenderism [I was a liberal NY prof, but when I said the left was going too far, colleagues called be a NAZI & treated me like a RUSSIAN SPY, RT, November 12, 2019]. In his book, he shows the Left is consumed by collective hysteria, a theme with which VDARE.com readers are familiar, and also that the ideology of “Corporate Socialism” and the emerging “Internet of Things” is making it impossible to escape from a repressive system.

Rectenwald lays out several terms that encapsulate his ideas—the eponymous Google Archipelago, Big Digital, Corporate Socialism, Google Marxism, etc.

  • The “Google Archipelago” is “the corporate leftist centralized system of Big Digital.”
  • “Big Digital” is the “mega-data services, media, cable, and internet services, social media platforms, Artificial Intelligence (AI) Agents, apps, and the developing Internet of Things” [the increasing ability and dependence of ordinary applications of operating online].

 …click on the above link to read the rest of the article…

The Forgotten Media Purges of the Great Depression

The Forgotten Media Purges of the Great Depression

Republican Hoover built the federal broadcasting shield in 1927. Roosevelt fashioned it into a weapon in 1934 and Democrats have never put it down since. One might consider the elaborate FCC speech barriers: A Poll Tax on Public Debate

One of the more enduring myths accepted as reality in our modern society is that America has a relatively free press. The ruling authorities and their entrenched accomplices promote that lie as diligently as they work to ensure that it never again becomes true.

America did have a mostly free and independent press until the rise of broadcasting in the 1920s. Within a few years, a small group of Republicans, progressives and corporate interests successfully nationalized the airwaves with restrictive licensing that blocked competition, rewarded insiders and squelched dissent.

Over the next few decades, the increasingly powerful medium of radio and then television drowned out the previously broad spectrum of information and ideas—with often three or more diverse choices of daily newspapers in many U.S. cities—and turned free speech into carefully rationed federal broadcasting privileges, their anointed urban newspaper monopolies and a few approved magazines.

One of the more ironic parts of this forgotten history is that a Republican, Herbert Hoover, led the initial charge to politicize the press. When the more authoritarian FDR took the reins in 1933—holding onto power until his death in 1945—he would ultimately purge the airwaves as well as the newspaper and magazine stands of the nation’s greatest commentators, publishers, editors and writers. In their absence, only pro-war / pro-welfare state neo-liberals and neo-conservatives would survive in mainstream media for generations to come.

 …click on the above link to read the rest of the article…

How to Start an Unnecessary War

How to Start an Unnecessary War

I confess to being mystified by those Americans who lean conservative, like myself, who continue to think that President Donald J. Trump is somehow doing a good job. To be sure, the economy continues to add mostly low paying jobs but claims that the new tax law benefits the middle class are a bit hard to swallow as the elimination of a whole category of deductions for state and local taxes means that I and many other middle-income types will be paying more. And there are whole policy-categories where the Trump record is appalling, to include the federal deficit, trade disputes that are alienating friends and allies, and sheer obstinate idiocy regarding the environment and climate change. Meanwhile, the president’s unrelenting moronic tweets and ridicule of critics have demeaned the office that he holds and made him look like a buffoon.

But Trump was not elected necessarily to create jobs or provide clean water, to make international trade more fair, or to pay attention to the weather. He was elected on two issues. The first was immigration, which energized folks in working class communities who were watching the America they grew up and the jobs that sustained it disappear in a confrontation with an unassimilable wave of mostly Latin American illegal immigrants. Trump promised to put a stop to the flow of immigrants across the border by building a wall if necessary while also catching and deporting illegals currently in the country.

The second issue was foreign policy, and more specifically the termination of the never-ending war legacy that Trump inherited from George W. Bush and Barack Obama, which motivated people like myself to vote for him. He exploited legitimate concerns over “Hillary the Hawk” and promised to disengage from existing conflicts in Afghanistan and Syria while more-or-less pledging not to get involved in further democracy promotion or regime change.

 …click on the above link to read the rest of the article…

Behold the Breathtaking Weakness of the Empire!

Behold the Breathtaking Weakness of the Empire!

The Empire has suffered painful defeats in Afghanistan and Iraq, but one has to admit that these are “tough” countries to crack. The Empire also appears to have lost control of Libya, but that is another complex country which is very hard to control. We also saw all the pathetic huffing and puffing with the DPRK. But, let’s be honest, the US never stood a chance to bully the DPRK into submission, nevermind invading or regime-changing it. Syria was much weaker, but here Russia, Iran and Hezbollah did a world class job of repelling all the AngloZionist attacks, political and military. Besides, I for one will never blame Trump for not listening to Bolton and not triggering WWIII over Syria (yet?)

But Venezuela?!

No Hezbollah or Iran backing Maduro there. And Venezuela is way too far away from Russia to allow her to do what she did in Syria. In fact, Venezuela is in the proverbial “backyard” of the US and is surrounded by hostile puppet regimes. And yet, tonight, it appears that the US puppet Guaidó has failed in his coup attempt.

Moon of Alabama did a great job covering the events of the day, so I will refer you to the excellent article “Venezuela – Random Guyaidó’s New Coup Attempt Turns Out to Be A Dangerous Joke“. I fully concur that today’s coup was both a joke and very dangerous.

Russian readers can also check out this article by Vzgliad which also gives a lot of interesting details, including the fact that Guaidó launched his coup from the Colombian Embassy in Caracas (see here for a machine translation).

But the thing which amazes me most tonight is the truly breathtakingly pathetic weakness of the clowns who launched this latest failed operation: Pompeo and Mr MAGA. Check them out:

 …click on the above link to read the rest of the article…

How Brzezinski’s Chessboard Degenerated Into Brennan’s Russophobia

How Brzezinski’s Chessboard Degenerated Into Brennan’s Russophobia

“Russia is an inalienable and organic part of Greater Europe and European civilization. Our citizens think of themselves as European. That’s why Russia proposes moving towards the creation of a common economic space from the Atlantic to the Pacific Ocean, a community referred to by Russian experts as ‘the Union of Europe’ which will strengthen Russia’s potential in its economic pivot toward the ‘New Asia.’” Vladimir Putin, President of the Russian Federation, February 2012

The allegations of ‘Russian meddling’ only make sense if they’re put into a broader geopolitical context. Once we realize that Washington is implementing an aggressive “containment” strategy to militarily encircle Russia and China in order to spread its tentacles across Central Asian, then we begin to understand that Russia is not the perpetrator of the hostilities and propaganda, but the victim. The Russia hacking allegations are part of a larger asymmetrical-information war that has been joined by the entire Washington political establishment. The objective is to methodically weaken an emerging rival while reinforcing US global hegemony.

Try to imagine for a minute, that the hacking claims were not part of a sinister plan by Vladimir Putin “to sow discord and division” in the United States, but were conjured up to create an external threat that would justify an aggressive response from Washington. That’s what Russiagate is really all about.

US policymakers and their allies in the military and Intelligence agencies, know that relations with Russia are bound to get increasingly confrontational, mainly because Washington is determined to pursue its ambitious “pivot” to Asia plan. This new regional strategy focuses on “strengthening bilateral security alliances, expanding trade and investment, and forging a broad-based military presence.”

 …click on the above link to read the rest of the article…

Watergate—the First Deep State Coup

Watergate—the First Deep State Coup

James Fulford writes: The Mueller Report, which was supposed to be about alleged “Russian collusion” with Trump, is due out, and many people in the Democrat/Media conglomerate are hoping for a rerun of Watergate, which they think of as a victory for the Rule of Law. It wasn’t, and we need to have one of those famous “conversations” about what it was, and why it mustn’t happen again.

In 1972, Richard Nixon was reelected with 520 electoral votes. He was running on winning the Vietnam War and also fighting a War on Crime. His opponent, George McGovern (17 electoral votes) was running on a plan to lose the Vietnam War, and surrender on the War on Crime.

But by August 1974, Nixon was removed from office, and in April 1975, Vietnamese Communist troops occupied Saigon. What finished off South Vietnam was the “Watergate Congress” which voted to cut off all supplies. For details see James Webb’s Peace? Defeat? What Did the Vietnam War Protesters Want?American Enterprise Institute, May/June 1997.

Who did this? Well, the Democrat-controlled Senate investigated the hell out of a break-and-enter committed by Republicans, which they never did when LBJ, JFK, Truman, and FDR engaged in similar activities. See It Didn’t Start With Watergate , [PDF]by Victor Lasky, published in 1977. On the Senate investigative staff was a young, far-Left Wellesley graduate named Hillary Clinton.

The Democratic media, which hated Nixon with the same kind of hate they now display towards Trump, did the same thing, led by the famous Woodward and Bernstein, who probably get too much “credit” for this.

 …click on the above link to read the rest of the article…

Forget Jussie Smollet, Here Are the Real False Flags

Forget Jussie Smollet, Here Are the Real False Flags

The world slipped closer to nuclear war. Big false flags—actual, suspected, and anticipated—were a key factor. But hardly anybody noticed. Everyone was riveted by the story of actor Jussie Smollet, who supposedly paid a couple of Nigerian-American bodybuilders for a staged racist-homophobic near-lynching. The ostensible motive: Add a zero to Smollet’s pathetic little million-a-year salary.

The Jussie Smollet hoax was story number 29 of the 31 we covered on this week’s False Flag Weekly News.

In a world filled with false flags, this one just wasn’t all that important. Conspiracy theories that Obama was somehow involved are not supported by logic and evidence. If you really need a conspiracy theory (beyond Smollet conspiring with Nigerians) try this: The whole thing was staged to distract us, to get us talking about stupid celebrities and divisive, emotionally-galvanizing issues unrelated to the real dirty business conducted by our psychopathic rulers.

The week’s biggest suspected false flag was the bombing in Pulwama, Kashmir. This one may start a nuclear war. Over 40 Indian soldiers were killed in an attack attributed to an angry young Kashmiri suicide bomber supposedly backed by Pakistani intelligence. More likely it was an Indo-Zionist false flag designed to demonize Pakistan and rally Indians behind Pakistan-hating Modi, who is about to launch his re-election campaign.

The first clue is the timing: Pakistan has nothing to gain by heightening tensions now. Recently elected pro-9/11-truth Prime Minister Imran Khan is desperately seeking money to revitalize his country’s crumbling economy. The Pulwama attack is terrible PR for Pakistan as it proffers its global begging bowl. But it’s perfect PR for Modi’s campaign launch. And as Sabtain Ahmed Dar writes: “Modi’s framing of Pakistan as a terrorist state on the visit of Saudi crown prince Muhammad Bin Salman cunningly and subliminally (seeks) an advantage in its foreign policy with Iran by checkmating and framing both the Saudis and Pakistanis at the same time.”

 …click on the above link to read the rest of the article…

Making Globalism Great Again

Making Globalism Great Again

Maybe Donald Trump isn’t as stupid as I thought. I’d hate to have to admit that publicly, but it does kind of seem like he has put one over on the liberal corporate media this time. Scanning the recent Trump-related news, I couldn’t help but notice a significant decline in the number of references to Weimar, Germany, Adolf Hitler, and “the brink of fascism” that America has supposedly been teetering on since Hillary Clinton lost the election. I googled around pretty well, I think, but I couldn’t find a single editorial warning that Trump is about to summarily cancel the U.S. Constitution, dissolve Congress, and proclaim himself Führer. Nor did I see any mention of Auschwitz, or any other Nazi stuff … which is weird, considering that the Hitler hysteria has been a standard feature of the official narrative we’ve been subjected to for the last two years.

So how did Trump finally get the liberal corporate media to stop calling him a fascist? He did that by acting like a fascist (i.e., like a “normal” president). Which is to say he did the bidding of the deep state goons and corporate mandarins that manage the global capitalist empire … the smiley, happy, democracy-spreading, post-fascist version of fascism we live under.

I’m referring, of course, to Venezuela, which is one of a handful of uncooperative countries that are not playing ball with global capitalism and which haven’t been “regime changed” yet. Trump green-lit the attempted coup purportedly being staged by the Venezuelan “opposition,” but which is obviously a U.S. operation, or, rather, a global capitalist operation. As soon as he did, the corporate media immediately suspended calling him a fascist, and comparing him to Adolf Hitler, and so on, and started spewing out blatant propaganda supporting his effort to overthrow the elected government of a sovereign country.

 …click on the above link to read the rest of the article…

US ‘Regime Changes’: the Historical Record

US ‘Regime Changes’: the Historical Record 

As the US strives to overthrow the democratic and independent Venezuelan government, the historical record regarding the short, middle and long-term consequences are mixed.

We will proceed to examine the consequences and impact of US intervention in Venezuela over the past half century.

We will then turn to examine the success and failure of US ‘regime changes’ throughout Latin America and the Caribbean.

Venezuela: Results and Perspectives 1950-2019

During the post WWII decade, the US, working through the CIA and the Pentagon, brought to power authoritarian client regimes in Venezuela, Cuba, Peru, Chile, Guatemala, Brazil and several other countries.

In the case of Venezuela, the US backed a near decade long military dictatorship (Perez Jimenez ) roughly between 1951-58. The dictatorship was overthrown in 1958 and replaced by a left-center coalition during a brief interim period. Subsequently, the US reshuffled its policy, and embraced and promoted center-right regimes led by social and christian democrats which alternated rule for nearly forty years.

In the 1990’s US client regimes riddled with corruption and facing a deepening socio-economic crises were voted out of power and replaced by the independent, anti-imperialist government led by President Chavez.

The free and democratic election of President Chavez withstood and defeated several US led ‘regime changes’ over the following two decades.

Following the election of President Maduro, under US direction,Washington mounted the political machinery for a new regime change. Washington launched, in full throttle, a coup by the winter of 2019.

The record of US intervention in Venezuela is mixed: a middle term military coup lasted less than a decade; US directed electoral regimes were in power for forty years; its replacement by an elected anti-imperialist populist government has been in power for nearly 20 years. A virulent US directed coup is underfoot today.

 …click on the above link to read the rest of the article…

Why the War on Conspiracy Theories Is Bad Public Policy

Why the War on Conspiracy Theories Is Bad Public Policy

A Review of Conspiracy Theories and Other Dangerous Ideas by Cass Sunstein (based on an earlier paper co-authored with Adrian Vermeule); In Defense of Troublemakers: The Power of Dissent in Life and Businessby Charlan Nemeth; and Conspiracy Theories and the People Who Believe Them, edited by Joseph E. Uscinski

On January 25 2018 YouTube unleashed the latest salvo in the war on conspiracy theories, saying “we’ll begin reducing recommendations of borderline content and content that could misinform users in harmful ways—such as videos promoting a phony miracle cure for a serious illness, claiming the earth is flat, or making blatantly false claims about historic events like 9/11.”

At first glance that sounds reasonable. Nobody wants YouTube or anyone else to recommend bad information. And almost everyone agrees that phony miracle cures, flat earthism, and blatantly false claims about 9/11 and other historical events are undesirable.

But if we stop and seriously consider those words, we notice a couple of problems. First, the word “recommend” is not just misleading but mendacious. YouTube obviously doesn’t really recommend anything. When it says it does, it is lying.

When you watch YouTube videos, the YouTube search engine algorithm displays links to other videos that you are likely to be interested in. These obviously do not constitute “recommendations” by YouTube itself, which exercises no editorial oversight over content posted by users. (Or at least it didn’t until it joined the war on conspiracy theories.)

The second and larger problem is that while there may be near-universal agreement among reasonable people that flat-earthism is wrong, there is only modest agreement regarding which health approaches constitute “phony miracle cures” and which do not. Far less is there any agreement on “claims about 9/11 and other historical events.”

 …click on the above link to read the rest of the article…

Olduvai IV: Courage
In progress...

Olduvai II: Exodus
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