Keep an Eye on the Yen

Global financial crises have a tendency to spring upon the world unsuspected, especially if the foreign exchange markets are involved, since they tie all global markets together (equities, bonds, commodities, derivatives). That’s why it is necessary to keep one eye fixed for the moment on the yen.

The yen was trading around Yen 100/$ […]

Just When You Thought QE Had Ended

New Japanese head guy, wants to rearm and provoke China.  A real genius!

(originally posted Oct 31) This week the Federal Reserve put an end to their fourth round of Quantitative Easing, having exploded their balance sheet from $800 billion at the start of QE, to over $3 trillion today. Everyone thought that the financial markets would now have to live without the monetary dope that has been […]

Slumming It

The gospel of wealth comes for Dharavi

The Baffler, By Daniel Brook, Baffler No. 25 (October? November?)

In a speech to the financial elite of India delivered in Mumbai in 2010, president Barack Obama opted for an unusual form of flattery. He saluted “all the Mumbaikars who get up every day in this City of […]

How Hillary Clinton’s State Department Sold Fracking to the World

A trove of secret documents details the US government’s global push for shale gas.

Mother Jones, By Mariah Blake, September/October ’14

One icy morning in February 2012, Hillary Clinton’s plane touched down in the Bulgarian capital, Sofia, which was just digging out from a fierce blizzard. Wrapped in a thick coat, the secretary of state […]

If You Had Told Me This Appeared on The Federalist Website….

…I would have laughed in your face. But it did:

Why abandon K-Street, and acknowledge, then reject, the Big Business perception of the GOP? They’ve had the Republican Party’s back for some time, right? In the past, the largest companies favored one party over the other because they understood a pro-capitalist, low-regulation government benefits […]

Losing Sparta

The Bitter Truth Behind the Gospel of Productivity

VQR, By Esther Kaplan, Summer 2014

When Lisa Norris was a kid in Cookeville, Tennessee, her father worked at Acme Boots, and that plant and her childhood were intertwined. One of her earliest memories is of wandering around the factory among bins of leather, breathing in the […]

Trans-Pacific Partnership talks going on in Ottawa

CBC, By Kristy Kirkup, July 3

Trade officials from Canada and other Asia-Pacific nations are meeting behind closed doors in Ottawa to discuss the Trans-Pacific Partnership, a massive free-trade proposal that could create one of the world’s largest trading blocks.

The TPP currently comprises 12 countries, including Canada, Australia, Brunei, Chile, Japan, Malaysia, Mexico, New […]

Film, Facts, and Factoids

I was talking the other day about how people select their facts and their beliefs, how they use (or don’t use) science. I referred Dr. Strangelove and President Muffley’s line when he learns about the Soviet’s automatic doomsday device, “This is absolute madness. Why should you build such a thing?”

The name of the New […]

The Great Expectancy

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Pax Americana continues to crumble before our eyes. The belief that the United States has a divinely-inspired obligation to police the entire world has always been most strongly held among Americans themselves; some of the beneficiaries of this largesse, such as the Vietnamese and most recently the Iraqis, never quite showed the gratitude America felt […]

TPP and TTIP – No More Mr Nice Guy and the End of Democracy

Bacon’s Rebellion – The Burning of James Town, Howard Pyle

The US has been negotiating from position of weakness with its Asian and now European “Partners” to establish a New World Order, where corporations are Sovereign, and people are chattels, or cattle (pick one).

This secretive cadre has run into trouble, as the countries […]

Will the Tumbrels Roll in 2014?

At an east coast cocktail party several weeks ago, a reporter asked a CEO what he feared most in regards to the global economy. The billionaire, who asked to remain anonymous, replied, “the guillotine”.

When even the hyper-wealthy are looking anxiously over their shoulder, something is badly wrong with the economic order. For several years […]

Is war with China inevitable?

Some of the more troubling parts of this Alt-Market piece excerpted here:

[…]

Pope Francis – Marxist in Disguise?

Pope Francis

It is not surprising that Rush Limbaugh, spiritual leader of the Republican Party – the man who determines Republican ideology and who enforces obedience to orthodoxy within the party – now finds Pope Francis a “Marxist”. Pope Francis, spiritual leader to over one billion Catholics, has issued a direct assault on the […]

The Global Corporatocracy is Almost Fully Operational

2013 is proving to be a hectic year for corporate lobbyists and free trade advocates, as they frantically flit, like busy bees pollinating succulent orchids, from one global free trade conference to another. And at long last, it seems that their hard work appears to be paying off.

In the last month alone world leaders […]

Change in the air?

Today’s column by Chris Hedges is the latest in a set of recent dissenting opinions. Here’s a small linkfest:

Chris Hedges: Our Invisible Revolution

Russell Brand on revolution: “We no longer have the luxury of tradition” Related video: Newsnight Interview with Jeremy Paxman.

Ian Welsh: A New Ideology Ian Welsh: How to Create a Viable […]

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