Economy

What’s Really Happening in Lebanon?

Excellent analysis of the protests in Lebanon by Laith Marouf: Hear me out about Lebanon; although all the demands of the protesters are legitimate, the cascade of events that triggered them is all planned meticulously. Since 2017, the Empire and its local enforcers, Apartheid Israel and Saudi Occupied Arabia, wanted the government of PM Hariri to collapse, therefore bringing down the […]

The Public Banking Revolution Is Upon Us

As public banking gains momentum across the country, policymakers in California and Washington state are vying to form the nation’s second state-owned bank, following in the footsteps of the highly successful Bank of North Dakota, founded in 1919. The race is close, with state bank bills now passing their first round of hearings in both states’ senates.

Monetary Policy Takes Center Stage: MMT, QE or Public Banks?

What federal deficits do increase is the federal debt; and while the debt itself can be rolled over from year to year (as it virtually always is), the exponentially growing interest tab is one of those mandatory budget items that taxpayers must pay. Predictions are that in the next decade, interest alone could add $1 trillion to the annual bill, an unsustainable tax burden.

The Venezuela Phase of US Global Demise

The latest blow-up in international relations involving Venezuela and Washington’s designs for regime change is but the latest in a whole gamut of international developments, tensions and confrontations which ultimately stem from America’s desperate attempt to maintain its global hegemony.

Trump’s War on the Fed

President Trump has stepped up his criticism of the Federal Reserve, saying of its aggressive interest rate hikes that it has “gone crazy.” The same charge has been leveled against Trump, but there may be a method to his madness . . . .  

Why we’re blind to the system destroying us

The only truth we can know is that the western power-elite is determined to finish the task of making its power fully global, expanding it from near-absolute to absolute. It cares nothing for you or your grand-children. It is a cold-calculating system, not a friend or neighbour. It lives for the instant gratification of wealth accumulation, not concern about the planet’s fate tomorrow.

America is In a Debt Trap Death Spiral

The US economy and its financial structures have never recovered from the great financial meltdown of 2008 despite the passage of ten years. Little discussion has been given to the fact that the Republican Congress last year abandoned the process of mandatory budget cuts or automatic sequestration that had been voted in a feeble attempt to rein in the dramatic rise in US government debt.