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
US Heads for Recession
The free lunch is over. Now comes the hangover
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
The Unravelling of Bush’s America
Nearly overnight the familiar voices that sang his praises from every media pulpit in America have either been silenced or turned against him. It is truly extraordinary; and a tad suspicious
If We Understand New Orleans; we understand the Bush strategy
Events in New Orleans are a pointer to things to come: a totalitarian state, policed by mercenaries in the pay of a moneyed elite willing to sacrifice everyone in their pursuit of power
Basra; another milestone in the war on terror
Mike Whitney asks: are we are engaged in a noble effort to liberate and democratize the Iraqi people, or complicit in the deliberate murder of innocent civilians?
Has The End of USrael Tolled?
The economic tsunami planned by the Bush administration is probably only months away, writes Mike Whitney. In just 5 short years the national debt has increased by nearly 3 trillion dollars while the dollar has continued its predictable decline
Cheerleading at Annapolis
The Bush team knows they’re losing ground; and fast. That’s why they dispatched poor Rummy to 4 TV talk shows on one morning alone. Rumsfeld was reduced to repeating the same lines he’s uttered for years, only this time, no one is buying
Iran’s Oil Exchange threatens the Greenback
Apart from its nuclear program and the threat it supposedly poses to Israel, America has its own reasons to curb Iran’s growing power. Mike Whitney spells some of them out
Vladimir Putin and the rise of the petro-ruble
It has barely been reported in the western media, but on May 10 Russia’s President Putin made an announcement that could trigger a global economic firestorm
The Devastating Impact of Hurricane George
With at least 10,000 dead, New Orleans virtually destroyed and thousands of internal refugees, Hurricane Katrina could turn into America’s worst ever-natural disaster. But had it not been for the War on Terror and Iraq things might have been different