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EXCLUSIVE: The Secret Behind the Next Global Crash
The World Economic Forum in Davos is submerged by a tsunami of denials, and even non-denial denials, stating there won’t be a follow-up to the Crash of 2008. Yet there will be. And the stage is already set for it. Selected Persian Gulf traders, and that includes Westerners working in the Gulf confirm that Saudi Arabia is unloading at least $1 trillion in securities and crashing [...]
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Encountering a Sophisticated Putin
Pretty much all that Americans – and much of the West – get to hear about Russian President Putin is heavy-handed propaganda often read over images of him riding shirtless on a horse. He’s either a bully or a buffoon. But editors of a popular German newspaper encountered a much more sophisticated figure, writes Gilbert Doctorow. I was hesitant to write about Vladimir Putin’s recent inte [...]
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Betting on the Wall Street Crash
The 2008 Wall Street crash resulted from a combination of unrestrained greed and political contempt for government regulators who might have prevented the devastation. In The Big Short, the tale is told from the perspective of a few players who saw the inevitable and made money on the crash, writes James DiEugenio. If you read Michael Lewis’s book The Big Short or see the movie by the same na [...]
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To Create ‘Better World Than This,’ New Alliance Targets Destructive Inequality
The goal? A total revamp of the economic system that sidelines the interests of the majority. The time? Now. And the stakes couldn't be higher. At issue is the global inequality crisis that is "spiraling out of control," an alliance of nine groups including Amnesty International, Association for Women's Rights in Development, Greenpeace, International Trade Union Confederation, and Oxfam says, [...]
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American nightmare: Rich, poor and middle-class no more
The US economy is generating breathtaking wealth for an elite minority of the population at the expense of millions of people now tumbling through the gaping cracks of the system. So why do we continue to watch the painful spectacle year after year? America’s once-glorified middle-class is on its way to being relegated to the history books; an artifact of a bygone era when good-paying jobs, c [...]
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France and Germany in Panic Over ‘End of Europe’ as Realities Hit Home
When the French Prime Minister starts talking of the "end of Europe" and Germany announces indefinite border controls amid the growing refugee crisis - it is time to get concerned. The crisis is not new, so why the sudden panic? The answer lies in the fact that next year – 2017 – the French will go to the polls to elect its president and Germany votes-in a new Bundestag. [...]
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Choose Wisely: Russia ‘Better Partner’ for EU Than the US
The Transatlantic Trade and Investment Partnership between the US and EU will bring Europe more problems than benefits, Bulgarian economist Nina Djulgerova told Radio Sputnik. The critics of the TTIP have long instated that US companies will make trade negotiations instrumental in their attempts to alter European economic laws. [...]
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‘Political Survival’: Merkel Needs Erdogan to Stay in Power
Germany shuts its eyes to the mass killings of the Kurds in southeastern Turkey, the illegal oil trade and Turkey's collaboration with Daesh terrorists, hoping that the Turkish President will help Europe to reduce the inflow of migrants, German newspaper Handelsblatt wrote. German Chancellor Angela Merkel ignores the fact that Turkish President Erdogan is waging war against his own people and c [...]
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Saudi Arabia Buys ‘International Silence’ About its Atrocities in Yemen
Since March 2015, a Saudi-led coalition has been bombing Yemen after Houthi rebels toppled its government. According to political analyst Catherine Shakdam, the international community turns a blind eye on Riyadh's war crimes in Yemen. At least 20 people, including rescue workers and an ambulance [...]
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Soros No Longer Views Russia as Enemy in Attempt to ‘Save EU From Collapse’
American business magnate and investor George Soros no longer views Russia as an enemy of the EU and is now openly calling on Brussels to cooperate with Moscow, German newspaper Deutsche Wirtschafts Nachrichten (DWN) wrote. According to him, the European Union may soon collapse due [...]
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End of the Road? Euro May Go Under if Schengen Dissolves
A breakup of the Schengen area amid the crisis the European Union is now going through will have an immediate impact on the euro and the European economy as a whole, Deutsche Welle warned on Saturday. Brussels is fully aware of the fact that if the European countries fail to get the situation under control and agree urgent measures to end the migrant crisis, it would spell the end of the Scheng [...]
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Merkel’s Power Shaken by Refugee Crisis
German Chancellor Angela Merkel, Time magazine’s “person of the year” in 2015, is facing her biggest political crisis as her welcoming of Mideast refugees has troubled and angered many Europeans, raising the possibility that Merkel’s days as the Continent’s undisputed leader may be numbered, writes Gilbert Doctorow. The online edition of Bloomberg News carried a lead story entitled [...]
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Democrats in ‘Group Think’ Land
When Sunday’s Democratic presidential debate turned to world affairs, the NBC correspondents and both Sen. Sanders and ex-Secretary Clinton fell in line behind “group thinks” about Syria, Iran and Russia that lack evidentiary support, writes Robert Parry. A curious reality about Official Washington is that to have “credibility” you must accept the dominant “group thinks” whether t [...]
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Kerry Pressed for MH-17 Evidence
The father of a young American who died aboard Malaysia Airlines Flight 17 is pressing Secretary of State John Kerry to release evidence to support his early claims that the U.S. government possessed details about the launch of the missile that killed 298 people, reports Robert Parry. The father of Quinn Schansman, the only American citizen to die in the 2014 shoot-down of Malaysia Airlines Fli [...]
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Hillary Clinton Seeks Neocon Shelter
Stunned by falling poll numbers, Hillary Clinton is hoping that Democrats will rally to her neocon-oriented foreign policy and break with Bernie Sanders as insufficiently devoted to Israel. But will that hawkish strategy work this time, asks Robert Parry. In seeking to put Sen. Bernie Sanders on the defensive over his foreign policy positions, ex-Secretary of State Hillary Clinton is embracing [...]
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2015 Officially the Hottest Year on Record
The final tally is in: 2015 was the hottest year in recorded history—by a record-breaking margin. On Wednesday, NASA and the National Oceanic and Atmospheric Administration (NOAA) announced the official record for last year's runaway temperatures, which by NOAA's calculation hit an average of 58.62 degrees Fahrenheit (14.79 degrees Celsius). [...]
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IMF’s Prescription for Europe: Exploit Refugees with Low Wages
The International Monetary Fund (IMF) on Wednesday released a report urging the European countries accepting a majority of refugees to "temporarily" pay them less than minimum wage. In its report, the IMF recommended implementing a short-term differentiation between asylum seekers and EU [...]
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Lifted by Bold Stances on Economy and Healthcare, Sanders Takes Solid Iowa Lead
Just two days after a poll showed Bernie Sanders 'trouncing' the national frontrunner Hillary Clinton in New Hampshire, a new survey of Iowa voters released late Thursday afternoon shows Sanders with a "solid" 8-point lead over his rival in the early caucus state. [...]
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Debating ‘Medicare for All’ System Is Good for Nation’s Health, say Doctors
The idea of a single-payer healthcare system has entered the presidential debates—and that's a very good thing, a doctors group says, as it is "only equitable, financially responsible and humane cure for our healthcare ills." [...]
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