Manipulation of the gold price is a foregone conclusion. The question is: why is the Fed tapering? The official reason is that the recovery is now strong enough not to need the stimulus. There are two problems with the official explanation. One is that the purpose of QE has always been to support the prices of the debt-related derivatives on the balance sheets of the banks too big to fail. The other is that the Fed has enough economists and statisticians to know that the recovery is a statistical artifact of deflating GDP with an understated measure of inflation. No other indicator–employment, labor force participation, real median family income, real retail sales, or new construction–indicates economic recovery.
Month: January 2014
I believe that the architects of the plan (Dick Cheney, Paul Wolfowitz and others) were so sure that the anti-Muslim, anti-Mid-east feelings among Americans brought on by media lies over the past 25 years would allow them to get away with almost anything. If they created a big enough lie they could get the American people to “go along” with their plan.
The Geneva II conference, which claims to be seeking to end the war in Syria, seems designed to fail and instead to provide an excuse for military intervention by the United States and its allies. Human rights activist Ajamu Baraka describes the negotiations as an “Orwellian subterfuge” designed to provide justification for war and a lot of facts support his view.
Mike Raddie discusses today’s agreement between UK and France on future drone technology development
The war on terror is mutating, growing and spreading. Drone attacks, which have escalated under Obama from Pakistan to north Africa, are central to this new phase. And as Dirty Wars – the powerful new film by the American journalist Jeremy Scahill – makes clear, so are killings on the ground by covert US special forces, proxy warlords and mercenaries in multiple countries.
Although in some respects the document is detailed – showing the exact times and locations of strikes, for example – it also has striking omissions: none of 2007′s five strikes are shown, and the report almost never notes the names or alleged militant affiliations of the dead. Most strikingly, almost all civilian casualties after the start of 2009 are missing, even in incidents where the Pakistani government has acknowledged civilian deaths.
It’s celebrity time again. The Golden Globes have been, and the Oscars are coming. This is a “vintage year”, say Hollywood’s hagiographers on cue. It isn’t. Most movies are made to a formula for the highest return, money-fuelled by marketing and something called celebrity. This is different from fame, which can come with talent. True celebrities are spared that burden.
Barack Obama, who has presided over the sharpest increases in economic inequality in U.S. history, adopts the persona of public advocate, reciting wrongs inflicted by unseen and unknown forces that have “deepened” the gap between the rich and the rest of us and “stalled” upward mobility. Having spent half a decade stuffing tens of trillions of dollars into the accounts of an ever shrinking gaggle of financial capitalists, Obama declares this to be “a year of action” in the opposite direction. “Believe it.” And if you do believe it, then crown him the Most Effective Liar of the young century.
There’s little doubt that if the Obama administration ever managed to bring NSA whistle-blower Edward Snowden before a jury on American soil, the unfolding drama would quickly become the trial of the new century.
But despite all of its bluster, is the administration really eager and ready for such an undertaking? The answer, surprisingly, may be “no,” and for one simple reason—the trial of the century could also quickly devolve into the embarrassment of the century.
Hate the super rich because their greed is ungodly. If true democracy is to be restored, then Americans need to be much more than dissatisfied. They need to get more emotional. They need to hate. Then they must convert that hatred into political demands and actions.
In Paine’s time, the enemy was a distant and easily identifiable king, but in ours, the enemy is within and mostly invisible. Our public officials are only the cabana boys and girls, or waiters, of this sick system, and they’re certainly not serving us. In fact, we can’t even press our noses against the glass to see who are dining within. Standing out back, we fight among ourselves for the discarded scraps and that, for now, is our only battle. We’re sad.
Serving the warfare state and overall agendas for U.S. global dominance to the benefit of corporate elites, the NSA persists in doing violence to the Constitution’s civil-liberties amendments — chilling the First, smashing the Fourth and end-running the Fifth.
Meanwhile, a nascent constellation of movements is striving to thwart the surveillance state, the shadowy companion of perpetual war.
This is a struggle for power over what kind of future can be created for humanity.
It’s time to stop giving juice to Big Brother.