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 The Coming Savings Meltdown posted by Michael Hudson via sam, 2019-07-31 00:38:48
Debts that can’t be paid, won’t be. That point inevitably arrives on the liabilities side of the economy’s balance sheet (full story)
prose / international
  Imran Khan Sells Pakistan Sovereignty to Predatory Western Banks posted by Abdus-Sattar Ghazali via jalal, 2019-07-29 20:28:58
There are hardly two opinions that the International Monetary Fund (IMF) and the World Bank have been implementing predatory economic policies of the West. The poor countries are now in debt traps created by them. Their rise in debt has been swelled, with external sovereign loans to developing country governments more than doubling from $191 billion per year in 2008 to $424 billion in 2017. The massive debts that led developing countries to surrender their economies to international banks have accumulated due to predatory lending policies by private banks and loans for conceived or executed infrastructure projects. (full story)
prose / international
The United States Has Passed a Point of no Return posted by Andrew J. Bacevich via sam, 2019-07-29 19:55:05
The Launch
From our present vantage point, it seems clear that, by 2019, the United States had passed a point of no return. In retrospect, this was the moment when indications of things gone fundamentally awry should have become unmistakable. Although at the time much remained hidden in shadows, the historic pivot now commonly referred to as the Great Reckoning had commenced. (full story)
prose / international
Sick and Sad America: House Approves $1.48 Trillion Pentagon Budget posted by Jake Johnson via gus, 2019-07-28 21:22:20
"Wanna know how broken and captured Washington is by the Pentagon and the corruption of our nation's 'defense' budget? Well, look no further than the soon to be enacted budget deal."
Indeed, America is a very sad case, as this Pentagon budget demonstrates. But what does it really indicate to the WORLD? Clearly that America is a terrified nation populated by terrified people. This absurd budget, at the cost of social services, national failing infrastructure and a myriad of other necessary maintenance and social service projects benefits only a handful of mega-banks and corporations, collectively know as the Deep State, which couldn't be happier as to them everything reduces to the acquisition of MONEY/PROFIT. YET the current reality is that Russia (and China) on tiny fractions of that amount have competitively out-performed America in weapons development and innovation, as avaricious, profit only driven, corporations are left out of the Russian and Chinese formula. (full story)
prose / international
Facebook and "The Great Hack" posted by Kayleigh Dray via reg, 2019-07-27 21:09:11
We are all, to some degree, aware of the shadowy connections between Cambridge Analytica (CA), the US election and Brexit. And we all know that CA did ‘something bad’ with our data. However, unless you have a degree in tech, it can be hard to understand why so many people believe that social media – specifically Facebook – is manipulating our opinions, our lives, and our society. (full story)
prose / international
Zionism’s Relationship to Anti-Semitism posted by Wendy Elisheva Somerson via suzie, 2019-07-27 04:31:41
Zionism developed in the late 19th century as a response to anti-Semitism in Europe, but it sadly reinforces the logic of anti-Semitism. A nationalist ideology that drove the founding of the Israeli state, Zionism developed as one response to the sharp rise in violent and pervasive anti-Semitism in Europe. Under escalating attacks, European Jews at the time responded to anti-Semitism in myriad ways, including assimilation, emigration and rejecting nationalism. The Jews who forwarded political Zionism proposed founding a Jewish nation-state in historic Palestine modeled after European settler colonialism. (full story)
prose / international
US and Iran Stuck on Negotiation Ground Zero posted by Pepe Escobar via trudy, 2019-07-27 03:35:20
All bets are off in the geopolitical insanity stakes when we have the President of the United States (POTUS) glibly announcing he could launch a nuclear first strike to end the war in Afghanistan and wipe it “off the face of the earth” in one week. But he’d rather not, so he doesn’t have to kill 10 million people. (full story)
prose / international
 No Accountability in Washington or to the People posted by Philip Giraldi via james, 2019-07-26 23:42:46
Government that actually serves the interests of the people who are governed has two essential characteristics: first, it must be transparent in terms of how it debates and develops policies and second, it has to be accountable when it fails in its mandate and ceases to be responsive to the needs of the electorate. Over the past twenty years one might reasonably argue that Washington has become less a “of the people, by the people and for the people” and increasingly a model of how special interests can use money to corrupt government. The recent story about how serial pedophile Jeffrey Epstein avoided any serious punishment by virtue of his wealth and his political connections, including to both ex-president Bill Clinton and to current chief executive Donald Trump, demonstrates how even the most despicable criminals can avoid being brought to justice. [Sometimes these agencies imagine they are above accountability and the Law -- not so, as WE pay their wages.] (full story)
prose / international
 Indian Hemp Could Save the World from Climate Change Impact posted by Ellen Brown via jaxie, 2019-07-26 22:51:52
Planting billions of trees across the world is by far the cheapest and most efficient way to tackle the climate crisis. So states a Guardian article, citing a new analysis published in the journal Science. The author explains: (full story)
prose / international
Propaganda posted by Caitlin Johnstone via shirl, 2019-07-24 07:52:55
I write a lot about how important it is for political dissidents to research and understand cognitive biases, the large number of well-documented logical glitches in the way human brains process information. I do this because the science of modern propaganda has been in research and development for more than a century, so if public domain psychology is aware of these glitches we can be absolutely certain that the propagandists are as well, and that they are exploiting those glitches currently. (full story)
prose / international
 Crazed War Monger John Bolton Puts UK on Path to War With Iran posted by Jake Johnson via darcy, 2019-07-22 22:54:03
With the United Kingdom and Iran in the midst of a tense and extremely dangerous standoff after the tit-for-tat seizure of oil tankers in the Strait of Hormuz, international observers are warning that the British government has fallen into a trap set by hawkish U.S. national security adviser John Bolton that could lead to a devastating military conflict. (full story)
prose / international
 Our Ruling Elites Have No Idea How Much We Want to See Them All in Prison posted by Charles Hugh Smith via janice, 2019-07-22 22:40:40
Let's posit that America will confront a Great Crisis in the next decade. This is the presumption of The Fourth Turning, a 4-generational cycle of 80 years that correlates rather neatly with the Great Crises of the past: 1781 (Revolutionary War, constitutional crisis); 1861 (Civil War) and 1941 (World War II, global war). (full story)
prose / international
 Me, Me, Me: Millennials And The Neurotic Satisfactions of the Selfie Generations posted by Julian Rose via jane, 2019-07-21 21:55:37
Who or what am I? Not sure, I'll take a 'Selfie' to reassure myself I exist and have meaning in a meaningless digital world. (full story)
prose / international
Senseless posted by sheila, 2019-07-21 20:36:41
. (full story)
poetry / international
The Constant REAL War of Today – The War You Don't See posted by jude, 2019-07-20 22:09:52
The mass media is awash with distractions from the real war of our time. You would never see this war covered in any media as the media is one of the weapons used to wage this war, the other is debt peonage. Some have called it the Battle for the Mind, others an Information War, but regardless of what you call it, its devastating effects are UNMISTAKABLE, it's clearly a war against the PEOPLE. (full story)
prose / international
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