In what is being called the worst financial crisis since 1929, the US stock market has lost a third of its value in the space of a month, wiping out all of its gains of the last three years. When the Federal Reserve tried to ride to the rescue, it only succeeded in making matters worse. The government then pulled out all the stops. To our staunchly capitalist leaders, socialism is suddenly looking good. Continue reading
Trump’s message to governors on lifesaving medical equipment—“get it yourselves”—is grimly appropriate in a country without national health care.
A crisis, according to self-help and leadership books, reveals much about a person’s character. The same can be said of a nation’s character. Continue reading
‘This is abhorrent (also: predictable).’
The Department of Justice is using the coronavirus outbreak to ask Congress for sweeping emergency powers including suspending habeas corpus during an emergency, a power grab that was denounced by civil liberties advocates. Continue reading
“I am a Zionist. You don’t have to be a Jew to be a Zionist,” current Democratic presidential candidate Joe Biden said in April 2007, soon before he was chosen to be Barack Obama’s running mate in the 2008 elections. Continue reading
No real explanations by the Fed; it just dictates. It is a government of its own inside our government—the epitome of corporate socialism.
If you are a saver in a money market account or in a bank, you’ve already noticed your dwindling interest income as interest rates have been at their lowest in modern American history. Well, brace yourself. Your saving account has just become little more than a lock box, thanks to the supreme dictatorship of the Federal Reserve. Continue reading
COVID-19 is not just a health emergency. It has exposed the causes of inequality and suffering in this country. Continue reading
While the world is consumed with the terrifying coronavirus pandemic, today, March 19, the Trump administration will be marking the 17th anniversary of the U.S. invasion of Iraq by ramping up the conflict there. After an Iran-aligned militia allegedly struck a U.S. base near Baghdad on March 11, the U.S. military carried out retaliatory strikes against five of the militia’s weapons factories and announced it is sending two more aircraft carriers to the region, as well as new Patriot missile systems and hundreds more troops to operate them. This contradicts the January vote of the Iraqi Parliament that called for U.S. troops to leave the country. It also goes against the sentiment of most Americans, who think the Iraq war was not worth fighting, and against the campaign promise of Donald Trump to end the endless wars. Continue reading
The United States’ National Security Strategy is based on foundational Instruments of National Power (INP). The INP consists of Diplomacy, Informational, Military, Economic, Financial, Law Enforcement, Information. Combined with the INP’s support, they combine to protect an economy and society that has an annual Gross Domestic Product of nearly $20 trillion (USD) and a per capita income of almost $60 thousand according to the CIA’s World Factbook. In that publication, the CIA notes that “US firms are at or near the forefront in technological advances, especially in computers, pharmaceuticals, and medical, aerospace, and military equipment…” Continue reading
Coronavirus and globalism will teach us vital lessons. The question is whether we can learn vital lessons that do not serve the ruling interest groups and ideologies. Continue reading
When the World Health Organization announced on February 24 that it was time to prepare for a global pandemic, the stock market plummeted. Over the following week, the Dow Jones Industrial Average dropped by more than 3,500 points or over 10%. In an attempt to contain the damage, on March 3 the Federal Reserve slashed the fed funds rate from 1.5% to 1.0%, in their first emergency rate move and biggest one-time cut since the 2008 financial crisis. But rather than reassuring investors, the move fueled another panic sell-off. Continue reading