The Bonfire of Capital

When credit shrinks on a national scale – as it is – so does the economy. It’ a simple formula; less money means less economic activity, less growth, fewer jobs, tighter budgets and more pain

“You are all Dead Ducks”

Bernanke’s State of the Economy Speech

George Bush Delivers the Horse’s Head

Despite the lack of media coverage, tensions are mounting in the Gulf and the probability of an attack on Iran is still quite high

Staring into the Abyss

Mike Whitney on the Collapse of the Modern Day Banking System

US Heads for Recession

The free lunch is over. Now comes the hangover

The Media’s Plan to Ambush Ron Paul

“The American Republic is in remnant status. The stage is set for our country to devolve into a military dictatorship, and few seem to care.” Rep. Ron Paul

“Its gonna get a lot worse”

Two columns of black smoke can be seen rising over Wall Street and disappearing into the ice-blue New York sky. Terrorism? Not quite. The plumes of smoke are all that’s left of two major hedge funds which blew up just weeks ago leaving nothing behind but a few smoldering embers and a mound of black [...]

“We know things are bad. Worse than bad. They’re crazy”

And, yet, our congressmen and senators refuse to do their jobs. They’ve “taken impeachment off the table”. They have agreed that Bush is above the law

Another Great Depression?

Many financial observers think that a global financial slump – rivalling the Great Depression – may be imminent. Mike Whitney explains why

Iraqis to Bush: “You have left us with nothing”

“Never had I fathomed, not even in my remotest imagination, that a day will come when God’s houses will be attacked and destroyed. The way they are today, in Iraq… Never”

The Battle of Gaza

In less than 24 hours of fierce street-fighting, Bush’s proxy-army in Gaza was routed by armed units of Hamas. It was a stunning defeat for Palestinian President Mahmoud Abbas, and for US-Israeli policymakers who have done everything to overthrow Hamas

Global Realignment and the Decline of the Superpower

Its military and economic unravelling is likely to take a decade or more depending on the situation in Iraq, but the fact remains that United States is now a nation in a state of irreversible decline

A look at the bombing of the Golden Dome Mosque in Samarra

A look at the bombing of the Golden Dome Mosque in Samarra

The bombing of the Golden Mosque was staged to create the impression of deep sectarian divides in Iraq. All in an effort to foment civil war and to fragment the country along ethnic lines

The Media Cover-up of the Najaf Massacre

Just like the bombed-out wedding party in Anbar Province, or the Jessica Lynch fiasco; the official version is “always right”. Now we have another chapter to add to this litany of lies over Iraq

The Fed’s Role in the Housing Crash of ‘07

The Fed’s plan to reshape American democracy: “One bubble after another”, is about to become a painful reality for many ordinary Americans, writes Mike Whitney

Another Bloodbath in Lebanon?

Israeli observes are talking with certitude about a clash next summer between the IDF, Hezbollah and maybe Syria too. Mike Whitney looks at the prospect and how the west has been helping Lebanon build up a military ready for a showdown with Hezbollah

Bush’s Chernobyl Economy; hard times are on the way

The world is backing away from the US dollar and dollar-based assets while the Federal Reserve attempts to conceal the fact. The end result will shift wealth to the top 1% and drive a wooden stake into the heart of the US middle class, writes Mike Whitney

Baghdad is Surrounded

Every facet of the occupation has been an unmitigated disaster, writes Mike Whitney; that much is becoming more and more apparent with each passing day

The Dollar’s Full-System Meltdown

The U.S. Dollar is kaput, writes Mike Whitney. Confidence in the currency is eroding by the day

Putin Gets Mugged in Finland

Putin’s name already features prominently in the register of American enemies along with Ahmadinejad, Chavez and Morales. A list that now includes any leader who defends their national interests over the prevailing system of global feudalism