Category Archives: Business / Economics

Business and Economics

Jimmy Carter Is Correct that the U.S. Is No Longer a Democracy

Eric Zuesse On July 28th, Thom Hartmann interviewed former U.S. President Jimmy Carter, and, at the very end of his show (as if this massive question were merely an aftethought), asked him his opinion of the 2010 Citizens United decision and … Continue reading

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U.S. Tries to Stir Ethnic Division in Crimea

Eric Zuesse On Saturday, August 1st, Ukraine’s President Petro Poroshenko (who now acknowledges that his government is illegitimate and that his predecessor Viktor Yanukovych was overthrown in a February 2014 coup), sent greetings to an international conference of supporters of Tatars in Crimea, at the … Continue reading

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Former Exxon President On Mission To Clean Up Oil Sands

Canada has given oil sands a dirty reputation, but a breakthrough, commercially viable technology has caught the eye of a former Exxon Mobil president who is putting it to use to clean up Utah’s billions of barrels of oil sands. … Continue reading

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How Aristocrats Have Gotten Away with Even Mass-Murder

By Eric Zuesse, as originally published at strategic-culture.org. On 8 July 2015, in a pervasively ignored but historically very important news event (briefly mentioned by the BBC), the only trial ever in which a former head of state was convicted in … Continue reading

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Warren Buffett And Elon Musk To Spark A Lithium Boom

The age of electrification across the transportation sector, the solar panel revolution, and Tesla’s battery gigafactory are igniting a battle for the cheapest battery. That will transform lithium into a boom-time mineral and the hottest commodity on the energy investor’s … Continue reading

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Scott Walker’s Big Lie

Eric Zuesse I have written lots of articles about Barack Obama’s lying. To expose lies by Republicans is not at all a partisan matter for me; it’s about my only commitment, which is to the truth; and here is the truth about … Continue reading

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Ukraine’s Foreign Minister Implies EU Membership Might Be Impossible

Eric Zuesse Ukraine’s Euro-Integration website headlined on July 25th, “Klimkin: ‘If Ukraine Won’t Be an EU Member Within 5 Years, We Won’t Ever’,” and reported that, “Foreign Minister Pavlo Klimkin claims that if Kiev is required to wait 5 years before applying … Continue reading

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As Economy Heads to Another Crash, BIS Acknowledges: We’re Failing

http://deutsche-wirtschafts-nachrichten.de/2015/07/22/maechtigste-bank-der-welt-legt-mandat-zur-rettung-der-weltwirtschaft-zurueck/ World’s Most Powerful Bank Reverses Course, to Avoid a Global Depression German Economic News, Translation (and closing Note) by Eric Zuesse  |  Published: 22:07:15 20:10 clock The Bank for International Settlements (BIS) acknowledges in its annual report that the … Continue reading

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Banks Rig Treasury Market

Banks Rig Treasury Market Boston’s public sector pension fund accuses all of the biggest US banks  – the so-called “primary dealers” which transact directly with the United States Treasury Department and “have a special obligation to ensure the efficient function” … Continue reading

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EU Visa-Slams Ukrainians After February 2014 Ukrainian Coup

Eric Zuesse Although the coup in Ukraine in February 2014 was allegedly done in order to get Ukraine into the European Union (because the overthrown President Viktor Yanukovych had just before declined the EU’s offer for Ukraine to join the … Continue reading

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Ukrainian News Service Says Standard of Living Is Plummeting

Eric Zuesse The plunging economy of Ukraine has evidently become so bad that Ukrainians now can even feel safe to call publicly for stopping the war against the separatist Donbass region of the country, and for reallocationg those military expenditures … Continue reading

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America Is No Democracy. Here’s Proof:

Obama Prosecutes No Mega-Crooks. Hillary Also Wouldn’t. Would Sanders? Eric Zuesse The chief reason why the USA is no longer a democracy (if it ever was) is that its mega-criminals have impunity, just like kings and other dictators in countries … Continue reading

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Perhaps This Is Obama’s Grand Strategy

Eric Zuesse Washingtonsblog’s anonymous founder and principal commentator is one of the most deeply knowledgeable writers on current events, and on July 19th he headlined “Governments Worldwide Will Crash the First Week of October … According to 2 Financial Forecasters.” He noted that both Martin … Continue reading

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Governments Worldwide Will Crash the First Week of October … According to 2 Financial Forecasters

Update: Please see correction at the end. Two well-known financial forecasters claim that virtually all governments worldwide will be hit with a gigantic economic crisis in the first week of October 2015. Martin Armstrong   Martin Armstrong is a controversial … Continue reading

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Thousands of Refugees Flee Northward from Greece

http://deutsche-wirtschafts-nachrichten.de/2015/07/18/tausende-fluechtlinge-fliehen-aus-griechenland-in-richtung-norden/ Thousands of Refugees Flee Northward from Greece Translated by Eric Zuesse, from German Economic News  |  as published: 21:40 clock 18:07:15 [18 July 2015]  The precarious situation in Greece means that thousands of refugees are making their way to northern Europe. There, the reaction … Continue reading

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LIES, DAMNED LIES & STATISTICS

The government released their monthly CPI report this week. Even though it came in at an annualized rate of 3.6%, they and their mouthpieces in the corporate mainstream media dutifully downplayed the uptrend. They can’t let the plebs know the … Continue reading

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OPINION: Concentrated Wealth + Widespread Stupidity = End of Democracy

Eric Zuesse Today’s America is not a democracy: “Dark Money Groups Are Funded By Dark Money Groups That Fund Dark Money Groups That Fund…” That terrific investigative news report by Paul Blumenthal at Huffington Post, on 9 November 2013, penetrated beyond what … Continue reading

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Agency to Enslave Greeks Is Established

Eric Zuesse Late on Thursday, July 16th, German Economic News headlined “Greece: Debt Restructuring Through the Back Door,” and reported that, “The majority of Greece’s national debt is to be moved in the next three years gradually to the euro … Continue reading

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Little-Known History of the Euro: Crisis Was Baked In from the Start

You’ve heard that the Euro was created to provide two benefits for Europe: 1. Unite Germany, France and other countries in a peaceful political situation, to prevent repeats of World War I and II 2. Create a macro-zone to compete … Continue reading

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The Constitution of the EU’s Dictatorship

Eric Zuesse It’s here: http://www.esm.europa.eu/pdf/ESM Treaty consolidated 13-03-2014.pdf That’s the treaty establishing (which was originally done in 2012) the ultimate lending-fund for what the EU now officially considers to be a permanent economic crisis in Europe, of member-nations that are … Continue reading

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Iran’s First Post-Shah President Says Iran’s Theocracy Is ‘Despotic’

Eric Zuesse — Bani-Sadr says Iran was trying for a nuclear bomb until 2003 — He says “mismanagement and corruption” plague the country — He calls current government “despotic” — He says winners in nuclear deal are “Israel, Saudi Arabia … Continue reading

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New IMF Report on Greece Says Projections Are Unrealistically Optimistic

Eric Zuesse A new IMF report on Greece, issued on Tuesday, July 14th, is titled “AN UPDATE OF IMF STAFF’S PRELIMINARY PUBLIC DEBT SUSTAINABILITY ANALYSIS,” and it says — these are quotations, not paraphrases — in summary: Greece’s public debt has become highly … Continue reading

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OPEC, Get Ready For The Second U.S. Oil Boom

What OPEC countries fear most is a follow-up technological revolution that will lead to a second oil boom in the U.S., and that fear is now being realized. A technological revolution spurred the U.S. oil boom that resulted in the … Continue reading

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Russian Politician Predicts U.S. Coup Ousting Putin Soon

Eric Zuesse Evgeny Fedorov, a member of Russia’s Duma or parliament, is predicting, in a half-hour video interview, that Russian President Vladimir Putin will be overthrown by a U.S. coup, within two years. He says that U.S. Government agents have … Continue reading

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How Fascist Capitalism Functions: The Case of Greece

Eric Zuesse There is democratic capitalism, and there is fascist capitalism. What we have today is fascist capitalism; and the following will explain how it works, using as an example the case of Greece. Mark Whitehouse at Bloomberg headlined on … Continue reading

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Vladimir Putin States Russia’s New Strategy

Eric Zuesse Russian President Vladimir Putin presented, on July 3rd, to Russia’s Security Council, the nation’s new National Security Strategy, which encompasses not merely military, but especially economic, agencies within the Russian Federal Government. Because his statement was ignored in … Continue reading

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Jeb Bush: “People Need to Work Longer Hours.” Media Soften It.

Reuters & CNBC, Etc.: “Bush says Americans should have chance to work longer hours in improved economy.” Eric Zuesse Jeb Bush, on July 8th: “My aspiration for the country, and I believe we can achieve it, is 4 percent growth as far … Continue reading

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President Obama Accepts Slavery in Order to Win TPP Trade Deal

Eric Zuesse So that U.S. President Barack Obama can end a roadblock and win the agreement of other nations for his proposed Trans Pacific Partnership, he has decided to remove one of the nations, Malaysia, from the U.S. State Department’s … Continue reading

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Wikipedia as Propaganda Not History — MH17 as An Example

Eric Zuesse Wikipedia articles are more propaganda than they are historical accounts. And, often, their cited sources are misleading, or even false. On 15 August 2007, the BBC headlined “Wikipedia Shows CIA Page Edits,” and Jonathan Fildes reported that, “An online tool … Continue reading

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U.S. Wealth-Concentration: The Most-Accurate Current Estimates

Eric Zuesse CURRENT REALITIES: Wealthiest Tenth (10%) of Americans Own 75% of America; They Draw 40% of All U.S. Income. Wealthiest Hundredth (1%) of Americans Own 43% of America; They Draw 20% of All U.S. Income. Wealthiest Thousandth (0.1%) of Americans Own 22% of America; … Continue reading

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New U.S. National Military Strategy: U.S. May Invade Any Non-‘Ally’

Eric Zuesse On July 1st, the White House, Joint Chiefs of Staff, issued “The National Military Strategy of the United States of America 2015” (officially dated June 2015), and at its top is: “U.S. ENDURING NATIONAL INTERESTS: The security of the United States, … Continue reading

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The 75 Trillion Dollar Shadow Banking System Is In Danger Of Collapsing

By Michael Snyder, Economic Collapse Blog. Keep an eye on the shadow banking system – it is about to be shaken to the core.  According to the Financial Stability Board, the size of the global shadow banking system has reached … Continue reading

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16 Facts About The Tremendous Financial Devastation That We Are Seeing All Over The World

By Michael Snyder, Economic Collapse Blog. As we enter the second half of 2015, financial panic has gripped most of the globe.  Stock prices are crashing in China, in Europe and in the United States.  Greece is on the verge … Continue reading

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Why The Puerto Rico Debt Crisis Is Such A Huge Threat To The U.S. Financial System

By Michael Snyder, Economic Collapse Blog. The debt crisis in Puerto Rico could potentially cost financial institutions in the United States tens of billions of dollars in losses.  This week, Puerto Rico Governor Alejandro Garcia Padilla publicly announced that Puerto … Continue reading

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Warren Buffett: Derivatives Are Still Weapons Of Mass Destruction And ‘Are Likely To Cause Big Trouble’

By Michael Snyder, Economic Collapse Blog. After all these years, the most famous investor in the world still believes that derivatives are financial weapons of mass destruction.  And you know what?  He is exactly right.  The next great global financial … Continue reading

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Current Oil Price Slump Far From Over

The oil price collapse of 2014-2015 began one year ago this month (Figure 1). The world crossed a boundary in which prices are not only lower now but will probably remain lower for some time. It represents a phase change … Continue reading

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How Greece Crisis Could Drag Oil Prices Down

The Greek tragedy is reaching its climax. The discussions between Greece and its European creditors broke down over the weekend, with the two sides still at an impasse. Greek Prime Minister Alexis Tsipras balked at deeper austerity cuts to the … Continue reading

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May the #LoveWins Victory Spur Us On to Increased Political Involvement

#LoveWins is a tremendous, hard won victory of popular persistence and pressure, a new and vibrant illustration that cultural change can be made when a population cares deeply and applies unrelenting, ever-increasing pressure until the job is done, the non-negotiable … Continue reading

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Bill Gates’s Idiocy (or Is It Psychopathy?)

Eric Zuesse Bill Gates was interviewed in the Thursday June 25th Financial Times, about global warming investments, and he said some remarkably stupid things, but explaining what he said requires a lot of intelligence; so, maybe what he said isn’t … Continue reading

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Malaysian Pressure Forces MH17 Investigation to UN

Eric Zuesse Malaysia, frustrated by the refusal of the official international investigation-team to produce any clear evidence yet of whom to blame for the downing of the MH17 Malaysian airliner over the Ukrainian civil-war zone on 17 July 2014, has … Continue reading

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Percentage of Health-Uninsureds in U.S. Rises by 1.7%

Since Obama First Promised to Lower It by 100% Eric Zuesse On 23 June 2015, Bloomberg news bannered “Uninsured Rate Falls to Lowest Since Obamacare Implementation” and reported that, “Last year, 16.3 percent of adults under age 65, or about 31.7 million … Continue reading

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The Day the Earth Died

And Why Sierra Club, Greenpeace, Etc., Were Virtually Silent About It Eric Zuesse As the civilizations that we all know, and love, and lived, slide increasingly into totalitarian misery; and the environment, which had been our lives, becomes less and … Continue reading

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Ukraine’s Pres. Poroshenko Says Overthrow of Yanukovych Was a Coup

Eric Zuesse Ukraine’s President Petro Poroshenko requests the supreme court of Ukraine to declare that his predecessor, Viktor Yanukovych, was overthrown by an illegal operation; in other words, that the post-Yanukovych government, including Poroshenko’s own Presidency, came into power from … Continue reading

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IMF Violates IMF Rules, to Continue Ukraine Bailouts

Eric Zuesse The IMF, whose bailout operations are absorbed by the taxpayers in the member countries whenever a particular bailed-out nation defaults, announced on Friday, June 19th, that it will “continue to support Ukraine through its Lending-into-Arrears Policy even in the event … Continue reading

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How Obama’s ‘Trade’ Deals Are Designed to End Democracy

Eric Zuesse U.S. President Barack Obama has for years been negotiating with European and Asian nations — but excluding Russia and China, since he is aiming to defeat them in his war to extend the American empire (i.e, to extend … Continue reading

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NATO Lies to NPR

Eric Zuesse On June 17th, U.S. National Public Radio (NPR) interviewed NATO’s and America’s General Ben Hodges, who is the Commanding General of the U.S. Army in Europe, which is “NATO’s most senior land forces command.” He said (after 4:54 in the audio): “This … Continue reading

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Life in Ukraine Since the U.S. Coup There in Feb. 2014

Eric Zuesse, 18 June 2015, 2:30 PM in NYC The following is a reader-comment that was just posted from someone in Ukraine to an article whose links document America’s coup there in February 2014 in the formerly peaceable but corrupt country, and the subsequent ethnic … Continue reading

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U.S. May Position for a War Against Russia

Russia Says It Will Respond If U.S. Does So Eric Zuesse On Saturday, June 13th, The New York Times bannered, “U.S. Is Poised to Put Heavy Weaponry in Eastern Europe,” and Russia’s response to the announcement wasn’t long in coming. The Russian equivalent … Continue reading

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The Dark Side Of The Shale Bust

The fallout of the collapse in oil prices has a lot of side effects apart from the decline of rig counts and oil flows. Oil production in North Dakota has exploded over the last five years, from negligible levels before … Continue reading

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CONSUMERS NOT FOLLOWING ORDERS

Last week the government reported personal income and spending for April. After months of blaming non-existent consumer spending on cold weather, shockingly occurring during the Winter, the captured mainstream media pundits, Ivy League educated Wall Street economist lackeys, and Keynesian … Continue reading

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Hillary Clinton Backs Fast-Track on Obama’s Trade Deals

Eric Zuesse On Sunday, June 14th, Hillary Clinton came out publicly for the first time in support of President Obama’s trade-deals — TPP with Asia, TTIP with Europe, and on TISA with all nations to lower the standards on banking … Continue reading

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The Two Contending Visions of World Government

The Origin & Broader Context of Obama’s ‘Trade’ Deals Eric Zuesse U.S. President Barack Obama’s proposed ‘Trade’ deals are actually about whether the world is heading toward a dictatorial world government — a dictatorship by the hundred or so global … Continue reading

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Fast-track Hands the Money Monopoly to Private Banks — Permanently

By Ellen Brown. It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.            … Continue reading

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Stopping Obama’s “Legacy” ‘Trade’-Deals: Did Reid Finally Do It?

Eric Zuesse President Obama has many times made clear to congressional Democrats that the most important thing in the “legacy” that he hopes to leave behind from his Presidency is his big-three ‘trade’ deals: TPP with Asia, TTIP with Europe, … Continue reading

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The Heroic Anti-TPP Action by Alan B, Morrison — and More to Come

Eric Zuesse On June 10th, Alan B. Morrison, one of America’s leading Constitutional lawyers, sent a letter to all members of the U.S. House of Representatives, explaining why U.S. President Barack Obama’s proposed Trans Pacific Partnership (TPP) would violate the … Continue reading

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German Companies Stop Sales of “Roundup”

Submitted and translated [and with added comments] by Eric Zuesse Monsanto: German companies stop glyphosate sales German Economic News  |  Published: 09:06:15 15:19 clock http://deutsche-wirtschafts-nachrichten.de/2015/06/12/monsanto-deutsche-unternehmen-stoppen-glyphosat-verkauf/ According to Swiss supermarkets, German companies have announced halting sales of Monsanto’s glyphosate herbicide.  In 1971, Monsanto patented glyphosate. Today its glyphosate (“Roundup”) constitutes two billion … Continue reading

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The Top 1% of America’s Top 1%

The 15 Peak Years for Top-End Income-Shares in U.S., 1913-2013  Eric Zuesse DATA-SOURCE: http://topincomes.g-mond.parisschoolofeconomics.eu/#Database: Top 0.01% income share including capital gains, United States, the 15 peak years 1915: 4.36% 1916: 4.78% 1928: 5.02% 1929: 4.99% 1999: 4.21% 2000: 5.07% 2004: … Continue reading

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German Banker: Obama Is Destroying Europe

Eric Zuesse (translation and added comments) Interviewed on June 6th by German Economic News, the chief economist at Bremer Landesbank, Folker Hellmeyer, says that because of Obama’s sanctions against Russia, German exports declined year-over-year by 18% in 2014, and by 34% … Continue reading

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What’s Wrong with the Administration’s Trade-Deal Arguments

Eric Zuesse Here is from the June 3rd article at the pro-trade-deals Americas Society & Council of the Americas, “Summary: The Trans-Pacific Partnership – What’s at Stake for the Western Hemisphere?” in which the Democratic congressman, Gregory Meeks, a Co-Chair of the … Continue reading

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Global Oil Shortage Before Year’s End? Surely Not…

Now that OPEC has left its production quota unchanged, the world will continue to see a glut in supplies, right? Some analysts aren’t so sure. Sanford C. Bernstein predicts that by the end of the year global demand will outstrip … Continue reading

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Forget the TPP – Wikileaks Releases Documents from the Equally Shady “Trade in Services Agreement,” or TISA

Submitted by Mike Krieger via Liberty Blitzkrieg blog, If it sounds complicated, it is. The important point is that this trade agreement contains a crucial discussion of governments’ abilities to meaningfully protect civil liberties. And it is not being treated as … Continue reading

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Land of the Unfree – Police and Prosecutors Fight Aggressively to Retain Barbaric Right of “Civil Asset Forfeiture”

Submitted by Mike Krieger via Liberty Blitzkrieg blog, Efforts to limit seizures of money, homes and other property from people who may never be convicted of a crime are stalling out amid a wave of pressure from prosecutors and police. … Continue reading

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An Important Economic Indicator – Money Velocity – Crashes Far Worse than During the Great Depression

Underneath the Propaganda, the Economy Is In BAD Shape … We noted 3 years ago that the velocity of money – an important economic indicator – is lower than during the Great Depression. Things have gotten even worse since since … Continue reading

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Western ‘News’ Media as Tyranny’s Propagandists Hiding Reality

Eric Zuesse 1: The ugly realities are covered up, not covered; here’s an example of what you don’t see in the regime’s media about the people whom Americans’ tax dollars are bombing and killing: https://www.youtube.com/watch?v=YgB2bhFfEtM&app=desktop 2: The great investigative journalist … Continue reading

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Systemic Corruption Has Destroyed America

Preface: There’s always been some corruption in the United States … but it’s never been this bad before. The Cop Is On the Take Government corruption has become rampant: Senior SEC employees spent up to 8 hours a day surfing … Continue reading

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Confidential Document: Soros’s Plan for Ukraine

Eric Zuesse A hacked document from the Ukrainian Government, in which George Soros, on 12 March 2015 (a month after the Hollande-Merkel Minsk II ceasefire agreement had been signed), advised Ukraine’s President Petro Poroshenko how to re-arm and resume the war against the Donbass … Continue reading

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My Prediction: Bernie Sanders Will Win the White House

Eric Zuesse On May 12th, I presented my analysis of the polling as of that time, headlining, “The Early Signs of Whom The Next U.S. President Will Likely Be: Presidential Polls Look Confusing Regarding Bernie, But Downright Bad Regarding Hillary & All … Continue reading

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Editors In Chief of World’s Most Prestigious Medical Journals: “Much of the Scientific Literature, Perhaps HALF, May Simply Be Untrue” … “It Is Simply No Longer Possible To Believe Much of the Clinical Research That Is Published”

Corruption Is Destroying Basic Science Lancet and the New England Journal of Medicine are the two most prestigious medical journals in the world. It is therefore striking that their chief editors have both publicly written that corruption is undermining science. … Continue reading

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Social Science Findings about Conservatism

Eric Zuesse WHAT IS CONSERVATISM? The great empirical social psychologist who specialized in studying bigotry, Bob Altemeyer, in his 1996 The Authoritarian Specter, and his other writings, reported his exhaustive empirical studies, of more than 50,000 individuals in many countries, … Continue reading

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We’re In Uncharted Economic Territory

We’re in uncharted territory … For example, this is the first time in history that most central banks worldwide have printed money during the same time period. And one of America’s leading economists (Nobel-prize winner Robert Shiller) just said that … Continue reading

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Three Former SEC Officials Write Letter to Current SEC Chief Asking Her to Stop Protecting Corporate Cronyism

Submitted by Mike Krieger via Liberty Blitzkrieg blog, In early 2013, before Mary Jo White was confirmed as the head of the Securities and Exchange Commission (SEC), I wrote a post predicting she would be a bankster codling fraud in … Continue reading

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European Citizens Much Better Informed About Obama’s Trade Deals than Americans

Eric Zuesse Whereas in the United States the ‘debate’ about Obama’s ‘trade’ deals is about the effect they’ll have in lowering U.S. wages, versus the effects they’ll have in lowering U.S. prices and increasing U.S. exports; in Europe, the debate … Continue reading

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U.S. Pressures Nobel Committee to Declare Ukraine’s President a Peace Prize Nominee

Eric Zuesse A leaked letter dated May 19th and sent by the Chairman of Ukraine’s parliament, Vladimir Groysman, to the chargé d’affaires of the U.S. Embassy in Oslo Norway, thanks her for “the efforts you have made to have Petro … Continue reading

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U.S. ‘Progressive’ Magazines Deep-Sixed Senator Sanders’s Incipient Presidential Campaign

Eric Zuesse U.S. Senator Bernie Sanders of Vermont might be the most progressive of all U.S. Senators — only two Senators are even contenders for that spot, Sherrod Brown of Ohio and Elizabeth Warren of Massachussetts, and neither of them … Continue reading

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How Democratic & Republican Party Chiefs Work to Deceive the U.S. Public

Eric Zuesse An organization that typically promotes the Republican propaganda agenda received information from the Democratic Obama Administration, and they publicized information from it that concerned the 2012 Benghazi attack, which was a failure by the State Department — something … Continue reading

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Researchers Predicted In 1971 that Debit Cards Would Become the Ultimate Spy Tool

We noted in 2013: The Wall Street Journal reported that the NSA spies on Americans’ credit card transactions. Senators Wyden and Udall – both on the Senate Intelligence Committee, with access to all of the top-secret information about the government’s … Continue reading

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“Fast Track” Violates the U.S. Constitution

U.S. Constitution, Article 2, Section 2, #2: “The President … shall have power, by and with the advice and consent of the Senate, to make treaties, provided two thirds of the Senators present concur.” —— Eric Zuesse The Constitution’s two-thirds … Continue reading

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How the Media Deceive the Public about “Fast Track” and the “Trade Bills”

Eric Zuesse The way that “Fast Track” is described to the American public is as an alternative method for the Senate to handle “Trade Bills” (TPP & TTIP) that the President presents to the Senate for their approval; and this … Continue reading

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Secretary of State John Kerry v. His Subordinate Victoria Nuland, Regarding Ukraine

Eric Zuesse U.S. Secretary of State John Kerry, on May 12th, responding to Ukrainian President Petro Poroshenko’s assertions that Ukraine will retake Crimea and will conquer Donbass: “I have not had a chance – I have not read the speech. I haven’t seen any … Continue reading

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Big Banks Busted Massively Manipulating Foreign Exchange … And Every Other Market

Banks Rig Currency Markets It has long been known that currency markets are massively rigged. And see this, this, and this.  Indeed, not only do the banks share confidential information with each other … they also shared it with a … Continue reading

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OPINION: Is Israel America’s Friend? Or America’s Enemy?

Eric Zuesse Israel’s Prime Minister, Benjamin Netanyahu, has selected as his Minister of Justice a woman who has expressed hatred against all Palestinians, and he has appointed as his negotiator with the Palestians a man who said, and who has always … Continue reading

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Steve Forbes Put Me on His Spam List After I Submitted This Article to Him:

—— How Congressional Republicans Lie to Approve Obama’s Trade Deals Eric Zuesse Obama’s trade-deals — especially TPP with Asia, and TTIP with Europe — are so vicious against the American people, the Obama Administration has labeled the documents “Classified,” and … Continue reading

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The Debt To GDP Ratio For The Entire World: 286 Percent

By Michael Snyder. Did you know that there is more than $28,000 of debt for every man, woman and child on the entire planet?  And since close to 3 billion of those people survive on less than 2 dollars a … Continue reading

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Here’s How Your Senators Voted, in the Key Senate Vote to End American Democracy

Eric Zuesse The key vote, in the U.S. Senate, to transfer to international corporate panels America’s democratic national sovereignty over the laws and regulations on the environment, workers’ rights, consumers’ rights, and finance, was officially titled with the misleadingly unrelated phrase … Continue reading

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How America’s ‘News’ Media Killed America’s Democracy: TPP & TTIP

Eric Zuesse As I reported on Wednesday, a deal was worked out in the U.S. Senate on the early afternoon of May 13th to “Fast-Track” through to approval U.S. President Barack Obama’s proposed trade deals, TPP with Asia, and TTIP with … Continue reading

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“Free Trade” Run Amok: Canada Challenges U.S. Laws Reining In Banks

  We noted in 2013 that the Trans Pacific Partnership (TPP) would let big banks run amok, and would increase the cost of consumer loans. Ellen Brown asked last month: Under the TPP, could the US government be sued and … Continue reading

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Chief Economist for One of the World’s Largest Banks: “The World Economy Is Like An Ocean Liner Without Lifeboats. If Another Recession Hits, It Could Be A Truly Titanic Struggle For Policymakers”

HSBC is the world’s largest bank outside of the U.S. and China, the largest in the UK, and the 9th largest bank in the world overall. HSBC’s chief economist Stephen King wrote today in a note to clients: The world … Continue reading

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Democrats’ Cave-In on TPP and TTIP. Good-Bye Democracy.

Eric Zuesse On Wednesday afternoon, May 13th, a catastrophic failure became clear to the few honest Democrats who were determined to stop Obama’s disastrous ’trade deals’ which are actually going to transfer regulatory sovereignty away from elected government officials as … Continue reading

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Nazism of Ukraine’s Western-Backed Government Is Hidden by Western ‘News’ Media

Eric Zuesse The pro-Nazi core of the Ukrainian government that was installed by the U.S. in February 2014 is too well-documented to be denied, and so the West’s major propaganda media (self-styled as being ‘news’ media) instead simply hide it … Continue reading

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Big Defeat For Obama’s Fascist “Trade” Deal

Trans Pacific Partnership Petering Out The Senate just voted down fast-track authority for the tyrannical Trans Pacific Partnership deal. This is great news. Specifically, many have noted that the treaty is so bad that – if Americans knew what’s in … Continue reading

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Saudis Snub Obama Over Iran Deal

The U.S. is seeking a rapprochement with Iran over its nuclear program, potentially ending several decades of hostility. But while the U.S. is extending an open hand to Iran, other countries in the Middle East are casting a wary eye … Continue reading

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The Early Signs of Whom The Next U.S. President Will Likely Be

Presidential Polls Look Confusing Regarding Bernie, But Downright Bad Regarding Hillary & All Republicans Eric Zuesse The top thing that I look for in polling-results this early in a Presidential race, is the ratio of “Favorable” or “Positive,” to “Unfavorable” … Continue reading

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The Average Age Of A Minimum Wage Worker In America Is 36

By Michael Snyder. Did you know that 89 percent of all minimum wage workers in the United States are not teens?  At this point, the average age of a minimum wage worker in this country is 36, and 56 percent … Continue reading

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Why Hillary Clinton Would Be a Weak Presidential Nominee for Democrats

Eric Zuesse If Hillary Clinton wins the Democratic Presidential nomination, then how strong a candidate will she be against a Republican nominee who, as a representative of the conservative party, is proudly and openly supporting conservative positions? Taegan Goddard of … Continue reading

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German Firestorm Rises About Angela Merkel’s Lies

Eric Zuesse Starting on Friday May 8th, some German news media have been reporting on the release of previously secret emails from the office of the German Chancellor, Angela Merkel. These emails make clear that when her underlings have said, … Continue reading

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Life and Death On Wall Street

Janet Tavakoli has been one of the clearest voices on finance and banking for well over a decade. She wrote several books well before the 2008 crisis warning of the dangerous risks being taken by derivatives players, and has tirelessly … Continue reading

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Germany Getting In Early On This Major New Oil And Gas Opportunity

I’ve discussed before how one out-of-the-way nation is shaping up as a major petroleum opportunity. And this week we got confirmation that some important global players are moving to capitalize. The place is Iran. Where officials this week met with … Continue reading

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World’s Richest 80 People Own Same Amount as World’s Bottom 50%

Eric Zuesse Oxfam’s recent report, “WEALTH: HAVING IT ALL AND WANTING MORE” contains shocking figures that the press haven’t sufficiently publicized; so, the findings and the reliability of their sources will be discussed here. The results will then be related to the … Continue reading

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How the Media Misrepresent ‘Fast Track,’ TPP, & TTIP

Eric Zuesse Both conservative and liberal ‘news’ media misrepresent U.S. President Barack Obama’s proposed international trade-deals as if they were about only such things as lowering tariffs and reducing national trade-protectionism — which are relatively minor surface-features of these huge … Continue reading

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UN Lawyer Calls TTP & TTIP ‘a dystopian future in which corporations and not democratically elected governments call the shots’

Eric Zuesse The Obama-proposed international-trade deals, if passed into law, will lead to “a dystopian future in which corporations and not democratically elected governments call the shots,” says Alfred De Zayas, the UN’s Special Rapporteur on Promotion of a Democratic and … Continue reading

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