China Credit Rating Agency Downgrade USA

By Martin Armstrong Armstrong Economics January 17, 2018   China Credit Rating Agency Downgrade USA     The Chinese rating agency Dagong downgraded the US creditworthiness over the tax reform. What is really a total joke is why anyone bothers to rank any government debt whatsoever when in fact there is not a single government in […]

China Credit Rating Agency Downgrade USA

China welcomes IMF backing to make yuan world reserve currency

By Against Crony Capitalism November 17, 2015   China welcomes IMF backing to make yuan world reserve currency     We have said in the past that the real economic “run for the hills” moment is the moment the dollar loses world reserve currency status. If that were to ever happen all sorts of things […]

How is the USA like Greece? Both are crony states

By Nick Sorrentino Against Crony Capitalism July 10, 2015   How is the USA like Greece? Both are crony states     Government is inherently crony. That is its nature. It has an inherent tendency toward corruption. Crony entropy. Like water flowing downhill. In Greece we see a relatively poor crony state languishing on the […]

They Added a Soundtrack and Called it Peace

By Jack Perry April 18, 2015   They Added a Soundtrack and Called it Peace   In this vast shopping mall we call planet Earth, you will find one of the largest “anchor stores” of the whole complex is good ol’ American State Global Improvement Center. From it’s humble beginning as a small hardware […]

GMO: Germans Eating Healthy Again?

By F. William Engdahl New Eastern Outlook   GMO: Germans Eating Healthy Again?   Today many countries are in a deep battle to decide whether to allow or prohibit Genetically Modified Organisms (GMO). In Russia the government has been in a heated debate for months over a possible ban. China has rejected US shipments of […]

Spain today, The USA tomorrow? A country in depression.

  Source: By Editor Spain today, The USA tomorrow? A country in depression.   We often write about the economic tide rolling out. This is what it looks like in Europe.   Spain is the country of Picasso, Miro, Gaudi, Salvador Dali,  Don Quixote, and a former superpower (centuries ago.) Now it is a shadow […]

George Orwell and the Cold War: A Reconsideration

Source: By Murray N. Rothbard George Orwell and the Cold War: A Reconsideration   [From Reflections on America, 1984: An Orwell Symposium. Ed. Robert Mulvihill. Athens and London, University of Georgia Press, 1986.] In a recent and well-known article, Norman Podhoretz has attempted to conscript George Orwell into the ranks of neoconservative enthusiasts for […]

Found this on reddit and it made me sick

Source: Submitted by Michael Nystrom Found this on reddit and it made me sick   Visually stunning. Loved it. Then started looking at it closer, and got depressed. Then literally, I started to feel ill. Like I was going to throw up, looking at it. ### Good post Michael, this seems to be a […]

Defense contractor claims he was fired for reporting fraud

Source: A former manager for one of the biggest US defense contractors says he was removed from his job after accusing his higher-ups of defrauding the government. Cornelius Hosch, the one-time head of counter-IED intelligence for BAE Systems Information Solutions’ eastern Afghanistan office, sued his former employer in federal court on Tuesday. Hosch, a […]

With no way to process it, US will bury 70,000 tons of nuclear waste 1

Source: Reuters / Sergei Karpukhin With two decades to go before it can reprocess spent nuclear fuel, the US will have to bury nearly 70,000 tons of it, a research lab reports. It comes after Congress and the Obama administration defunded a planned nuclear waste repository in 2011. The Oak Ridge National Laboratory, a […]

Israel spends $647 million to load up on US munitions following Gaza war

Source: The Pentagon has approved a deal to supply 6,900 precision bomb kits to replenish Israel’s weapons stockpiles, diminished by the recent war against Hamas in Gaza. The contract is valued at $647 million. “The United States is committed to the security of Israel, and it is vital to U.S. national interests to assist […]

Blackwater becomes new landlord in Afghanistan for US Special Forces

Source: As President Obama insists on a speedy end to the war in Afghanistan, his administration has other plans. A facility owned by the private security force once known as Blackwater has been awarded a $22 million contract to house US troops through 2015. The private military company Academi — formerly Blackwater and, more […]

Slowing down the surveillance state: a guide to warrantless government spying

Source: If the growing use of governmental tip-toeing to wiretap phone lines and emails doesn’t seem serious, think again. So heightened lately are concerns over surveillance that two major organizations have published a primer on federal spy programs. Both ProPublica and the Electronic Frontier Foundation have released thorough guides this week that explore what […]

Monsanto insurance: USDA tells farmers to pay for avoiding troubles with agro-giant 3

Source: The United State Department of Agriculture has finalized a report to address concerns from farmers who fear they’ll be next on an ever-expanding list of defendants sued by biotech giants Monsanto, but those worries aren’t about to end. The Monsanto Company dominates more than just grow fields across the US, as evident in […]

US Navy orders Iwo Jima Amphibious Ready Group to head to Israeli shores

Source: Right as the sailors and Marines aboard three of the US Navy’s assault ships were on their way home for Thanksgiving, they received an order to turn the ship around and set sail for Israel. After passing the Strait of Gibraltar, south of Spain, the USS New York, USS Iwo Jima and the […]