News Commentary

Anthony Wile: The Danger Beyond Employment Numbers

"When most people in a country have no money or land or even a house, and take no pleasure in working, and when only half of what may be considered the potential working population is formally employed, then it is probably not too strong a statement to say that the system itself is not producing satisfactory results and is even in danger of breaking apart entirely. The US's advantage throughout the post-War years was its dollar reserve currency; US officials could fund deficit spending by printing dollars without generating price inflation. Countries around the world had to hold dollars because they needed dollars to buy oil. This system is changing now." Continue reading →

Continue ReadingAnthony Wile: The Danger Beyond Employment Numbers

Paul Craig Roberts: Lawlessness Is The New Normal

"Europe headlines are that 'NSA surveillance threatens the EU free trade deal' and 'Merkel demands explanations.' The protests are the necessary public posturing of puppets and will be regarded as such by Washington. The French government says the trade talks should be temporarily suspended 'for a couple of weeks to avoid any controversy.' However, the German government says, 'We want this free trade agreement and we want to start the talks now.' In other words, what Merkel describes as 'unacceptable Cold War-style behavior' is acceptable as long as Germany gets the free trade agreement." Continue reading →

Continue ReadingPaul Craig Roberts: Lawlessness Is The New Normal

Egyptian nightmare for Erdogan

"True, the danger of a military coup in Turkey at the moment is close to zero, if only because Erdogan has locked up an entire army college (some 330 officers) on charges of plotting against him. But the parallels between the two countries run far beyond the superficial. For the record, so too did Egyptian still-President Mohammed Morsi try to purge the army last year, although he only removed a few top generals. The Turkish and the Egyptian governments - both democratically elected - have cracked down on the press, rolled back some civil liberties and planned to change the constitutions in ways many citizens found unacceptable." Continue reading →

Continue ReadingEgyptian nightmare for Erdogan

Is the lawlessness of Obama’s drone policy coming home?

"Global powers have an antisocial habit of bringing their work back home. The British government imported some of the methods it used against its colonial subjects to suppress domestic protests and strikes. Once an administrative class becomes accustomed to treating foreigners as if they have no rights, and once the domestic population broadly accepts their justifications, it is almost inevitable that the habit migrates from one arena into another. If hundreds of people living abroad can be executed by American agents on no more than suspicion, should we be surprised if residents of the United States began to be treated the same way?" Continue reading →

Continue ReadingIs the lawlessness of Obama’s drone policy coming home?

Thank you for your service, Mr. Snowden

"Tellingly, the tools of Big Media and big government are not apprising you of these facts. Like a tortoise in its shell, they’ve retreated from the watersheds that are the AP, the IRS and the NSA scandals, informing you only of what New York and Northeast elites think is important: 'Most of you still like Obama.' Come every Memorial Day – more aptly called 'Dying For Nothing Day' – we direct a commonplace saying at members of a military that has not defended authentic American liberties for decades. It is, however, to a young man such as this that we should say 'Thank you for your service, Mr. Snowden.'" Continue reading →

Continue ReadingThank you for your service, Mr. Snowden

US Obsession With the Importance of the Mideast and Solving the Israeli-Palestinian Conflict

"Recent developments in Egypt–with a sizeable minority of the population justifiably concerned about their rights at the hands of the majority of fundamentalist Islamists—show that arriving at liberal democracy from democracy may be a difficult and destabilizing prospect. The lesson from this messy process is not that the United States should intervene and remain until liberal democracies take hold in developing nations, but that the process is so chaotic that the United States should stay out of these nations, especially in the Middle East. This recommendation will be hard for the government of a swaggering superpower to stomach." Continue reading →

Continue ReadingUS Obsession With the Importance of the Mideast and Solving the Israeli-Palestinian Conflict

Boots on the ground in Egypt: trading one dictator for another [2011]

"Sure, Hosni Mubarak is now standing trial after 3-decades of looting and pillaging his country’s wealth. For most Egyptians, this is viewed as a major victory; there is a feeling of intense optimism here on the streets of Cairo, and even though nothing is fundamentally different, expectations are high. Mubarak was a symbol of tyranny, and a great deal of blood was shed to topple his regime. Unfortunately, Egyptians have essentially replaced one form of dictatorship with another. There is now one person in charge of Egypt– military Supreme Commander Mohamed Hussein Tantawi." Continue reading →

Continue ReadingBoots on the ground in Egypt: trading one dictator for another [2011]

Detlev Schlichter: Forward Guidance? – Nonsense! Central bankers have no choice.

"This was the first policy meeting under new Bank of England governor Mark Carney, the ‘most talented central banker of his generation’ to some, the most overpaid bureaucrat in the world to others. But credit where credit is due. Carney is a marketing genius. Not only when it comes to marketing himself, but also when it comes to selling policy paralysis as strategy. Never before has the phrase 'What can we do? We can only stick to what we have done for years.', so effectively been presented as at the BoE’s press conference yesterday. It is now called ‘guidance’, and it evidently requires a specific skill-set." Continue reading →

Continue ReadingDetlev Schlichter: Forward Guidance? – Nonsense! Central bankers have no choice.

Michael Scheuer: For Egypt’s Islamists war is a legitimate option

"What should concern Americans most about the near certainty of war in Egypt, and thus the broadening of the mujahedin’s overall war against the West, is whether Obama’s administration — in league with pro-Israel Republican and Democratic senators, Britain, and Israel — used its intelligence services to help the leaders of Egypt’s anti-democratic opposition to organize, fund, and train the democracy-killing forces that filled Cairo’s streets with demonstrations and prompted the Egyptian army to use that most democratic of all tools — a military coup." Continue reading →

Continue ReadingMichael Scheuer: For Egypt’s Islamists war is a legitimate option

US Egypt Policies Don’t Pass the Laugh Test

"Let’s review US policy toward Egypt to see the foolish hypocrisy of the government’s interventionism: First the US props up the unelected Hosni Mubarak for decades, spending tens of billions of dollars to keep him in power. Then the US provides assistance to those who in 2011 successfully overthrew Mubarak. Then the US demands an election. The Egyptians held an election that was deemed free and fair and shortly afterward the US-funded military overthrows the elected president. Then the US government warns the military that it needs to restore democracy – the very democracy that was destroyed by military coup! All this they do with a straight face.." Continue reading →

Continue ReadingUS Egypt Policies Don’t Pass the Laugh Test