Saturday, June 24, 2017

Tag: Elites

Swamp or no swamp, Goldman swims on

The investment bank’s network reaches the White House, again. Consider just this very partial list: Henry Fowler, Robert Rubin, and Hank Paulson, former US Treasury secretaries. Mark Carney, governor of the Bank of England. Mario Draghi, European Central Bank president. Malcolm Turnbull, prime minister of Australia. Bill Dudley, president of...

Petraeus Redux?

The news that President-elect Donald Trump called in disgraced retired Gen. David Petraeus for a job interview as possible Secretary of State tests whether Trump's experience in hosting “The Celebrity Apprentice” honed his skills for spotting an incompetent phony or not. Does Trump need more data than the continuing bedlam...
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Michael Hudson on the Orwellian Turn in Contemporary Economics

Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of Killing the Host (2015), The Bubble and Beyond (2012), Super-Imperialism: The Economic Strategy of American Empire...

James Rickards: The Petro Dollar Is Dead, Dollar Devaluation, Pensions Lost, World Currency

James Rickards is the Editor of Strategic Intelligence, a financial newsletter, and Director of The James Rickards Project, an inquiry into the complex dynamics of geopolitics + global capital. He is the author of The New Case for Gold (April 2016), and two New York Times best sellers, The...

Forget the FBI cache; the Podesta emails show how America is run

WikiLeaks' dump of messages to and from Clinton's campaign chief offer an unprecedented view into the workings of the elite, and how it looks after itself. The emails currently roiling the US presidential campaign are part of some unknown digital collection amassed by the troublesome Anthony Weiner, but if your...

Posting New Secret Trade Docs, Wikileaks Further Exposes Corporate Plot

Despite its importance both the US Presidential candidates Hillary Clinton and Donald Trump have thus far given no position on the TISA Agreement. Even as it continued to post new batches of emails from Clinton campaign chairman John Podesta, Wikileaks on Friday also published new draft chapters of the Trade...

Russian options against a US attack on Syria

The tensions between Russia and the USA have reached an unprecedented level. I fully agree with the participants of this CrossTalk show – the situation is even worse and more dangerous than during the Cuban Missile Crisis. Both sides are now going to the so-called “Plan B” which, simply...

David Stockman: America Now Lives Under A Perverted Regime

The rise of Trump—and Bernie Sanders too—vastly transcends ordinary politics. In fact, it reaches deep into a ruined national economy that has morphed into rank casino capitalism under the misguided policies and faithless rule of the Washington and Wall Street elites. This epic deformation has delivered historically unprecedented set-backs to...

Can Russia Learn From Brazil’s Fate?

William Engdahl recently explained how Washington used the corrupt Brazilian elite, which answers to Washington, to remove the duly elected President of Brazil, Dilma Rousseff, for representing the Brazilian people rather than the interests of Washington. Unable to see through the propaganda of unproven charges, Brazilians acquiesced in the...

UN fears third leg of the global financial crisis – with prospect of epic...

The third leg of the world's intractable depression is yet to come. If trade economists at the United Nations are right, the next traumatic episode may entail the greatest debt jubilee in history. It may also prove to be the definitive crisis of globalized capitalism, the demise of the liberal...

Erdogan Is Blaming the Coup on a Shadowy Turkish Cleric Who Lives in Pennsylvania

The Turkish president wants Washington to send 75-year-old Fethullah Gulen back home to face trial. Deep in the heart of the Pocono Mountains — a scenic, isolated region of the U.S. state of Pennsylvania — Turkish cleric Fethullah Gulen lives a quiet existence on a sprawling 26-acre estate. But more...

Major New Brazil Events Expose the Fraud of Dilma’s Impeachment – and Temer’s Corruption

From the start of the campaign to impeach Brazil's democratically elected President Dilma Rousseff, the primary justification was that she used a budget trick known as pedaladas (“peddling”: illegal delay of re-payments to state banks) to mask public debt. But this week, as the Senate conducts her impeachment trial, that accusation was...
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French Labor Law, Brexit, and Greek Austerity: Class War Against European Workers

Economist Richard Wolff says the old European elite believed it could fix their broken capitalism on the backs of the masses and that has proved to be a fatal mistake. Richard D. Wolff is a Professor of Economics Emeritus at the University of Massachusetts, Amherst, and currently a Visiting Professor...

Angela Merkel Doesn’t Have a Brexit Plan, Either

Britain's departure from the EU has made Germany far more powerful than it should be. At Monday afternoon’s news conference in Berlin, German Chancellor Angela Merkel's body language was a notch less downcast than her post-Brexit vote appearance on Friday, when the dispassionate, even-keeled chancellor actually looked disheartened in a...

A Stunning Email About Brexit Vote As Elites Panic And Global Collapse Edges Closer

After the stunning Brexit vote to “Leave” the EU followed by turmoil in world markets, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, warned the elites are now panicking as global collapse edges closer. But first, the powerful...

Brexit Is Only the Latest Proof of the Insularity and Failure of Western Establishment...

The decision by U.K. voters to leave the EU is such a glaring repudiation of the wisdom and relevance of elite political and media institutions that — for once — their failures have become a prominent part of the storyline. Media reaction to the Brexit vote falls into two general categories: (1) earnest, candid attempts...

Political Elites’ Program of Austerity Set the Stage for Brexit

Scapegoating immigrants for economic suffering is easier than confronting the politicians that crafted austerity policy. At 4 am, following the UK referendum on EU membership, Nigel Farage, the leader of the Eurosceptic UK Independence Party, gave a tentative victory speech. Bullish and beaming, but couching his cheer in caveats that...

Brexit is a fake revolt – working-class culture is being hijacked to help the...

Leaving the EU won’t guarantee a rise in wages, a cap on rents, or a fall in NHS waiting times and class sizes. The only thing it guarantees is more right-wing Tory control. I love fake revolts of the underclass: I’m a veteran of them. At secondary school, we had...

Mobilize European workers to defend French strikers!

As oil refinery blockades and occupations, port walkouts and calls for further strike action in defiance of attacks by riot police spread across France, the working class is emerging as the leading force in the struggle against the Socialist Party (PS) government's reactionary labor law. The movement is beginning...

Brazil minister ousted after secret tape reveals plot to topple President Rousseff

Planning minister Romero Jucá was recorded saying ‘We have to change the government’ as the only means to stop a sweeping corruption investigation. The credibility of Brazil's interim government was rocked on Monday when a senior minister was forced to step aside amid further revelations about the machiavellian plot to...

Brazil’s Democracy to Suffer Grievous Blow as Unelectable, Corrupt Neoliberal Is Installed

In 2002, Brazil's left-of-center Workers’ Party (PT) ascended to the presidency when Lula da Silva won in a landslide over the candidate of the center-right PSDB party (throughout 2002, “markets” were indignant at the mere prospect of PT’s victory). The PT remained in power when Lula, in 2006, was re-elected in...

At Conference of Elites, the Distress of Others Is an Investment Opportunity

I’m reasonably certain I was the only attendee arriving to the Milken Institute Global Conference by Los Angeles public bus. The organizers recommended that, with parking at a premium around the Beverly Hilton, people use “limo, Uber, Lyft, or taxi,” in that order. A fifth option was presumably a corporate...

To See the Real Story in Brazil, Look at Who Is Being Installed as...

It’s not easy for outsiders to sort through all the competing claims about Brazil’s political crisis and the ongoing effort to oust its president, Dilma Rousseff, who won re-election a mere 18 months ago with 54 million votes. But the most important means for understanding the truly anti-democratic nature of...

The real reason Dilma Rousseff’s enemies want her impeached

Corruption is just the pretext for a wealthy elite who failed to defeat Brazil’s president at the ballot box. The story of Brazil’s political crisis, and the rapidly changing global perception of it, begins with its national media. The country’s dominant broadcast and print outlets are owned by a tiny...

Brazilian Coup Threatens Democracy and National Sovereignty

Brazilian President Dilma Rousseff is now threatened with impeachment, but there is no evidence that she is linked to the “Lava Jato“ scandal, or any other corruption. Rather, she is accused of an accounting manipulation that somewhat misrepresented the fiscal position of the government — something that prior presidents...
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James Rickards Reveals IMF World Currency Crash Conspiracy, We Need Gold Standard to Save...

Former CIA Advisor Jim Rickards Calculated a Conservative Gold Price Target of $10,000 Per Ounce Based on the Current Cash Supply of the United States... Including All Currency, the Number is Too Shocking to Even Mention. James Rickards is the Editor of Strategic Intelligence, a financial newsletter, and Director of...

What the Saudi Leaks Tell Us: An Interview With Julian Assange

"What comes across from the cables is a small cloistered, intellectually isolated ruling elite with a paranoid worldview." Since June 2015 WikiLeaks has been releasing details of leaked cables and other documents that come from within the Saudi Foreign Office. They provide an insight into the internal workings of the...

The Revenge of the Lower Classes and the Rise of American Fascism

College-educated elites, on behalf of corporations, carried out the savage neoliberal assault on the working poor. Now they are being made to pay. Their duplicity—embodied in politicians such as Bill and Hillary Clinton and Barack Obama—succeeded for decades. These elites, many from East Coast Ivy League schools, spoke the...

Don’t listen to the ruling elite: the world economy is in real trouble

Andy Xie says those attending the G20, Davos and other wasteful meetings are wrong to try to pin the blame for the turmoil on people’s psychology; all signs point to a prolonged period of global stagnation and instability. The G20 working group meeting in Shanghai didn’t come up with any...

How to Avoid War With Russia

Much has been said recently about the unpredictability of Russian foreign policy, and the resulting uncertainty. In reality, Moscow’s interests are quite limited and focused on its near abroad. Understanding how Russia prioritizes its security challenges and how it assesses the security situation on its borders is a start...

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