There’s lot of talk about pulling manufacturing out of China and a renaissance in Made in America manufacturing. Most of the talk is unrealistic. Product…
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Anatoly Chubais is the Russian politician who under President Boris Yeltsin led the privatisation via voucher together with Prime Minister Yegor Gaidar in 1992 to…
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If you aren’t reading Caitlin Johnstone, you should be. Here she describes why visiting North America is like visiting a real Invasion of the Body…
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Over at MoonofAlabama, b (would-be heir to billmon, probably the best socio-political blogger to ever put finger to keyboard) recently penned an engaging editorial, "The
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The economic writing on the wall is writ large now. The USA is no longer solvent. Sure, there is cash flow but the trends are so negative that only a world war and an economic reset (reneging on their debts to China and Saudi Arabia to start and the rest of the world to finish, with perhaps an exception for the UK and Israel) will give them a hope of meeting any obligations.
The decision to go down this path was made when the election of 2000 was rigged in G.W. Bush’s favour and the PNAC (Project for the New American Century) warmongers came into power, such as Dick Cheney and John Bolton. While Bill Clinton is a bad who married an evil woman, he has largely lived on his charm. His United States (not his wife’s) was predicated on expanding trade and making friends. While a lot of Clinton’s *bonhomerie* was empty glad-handing and PR, during his stay in power the deficit radically shrank. The USA had a chance of turning its budget and financial situation around on people *wanting to do business* with the USA and doing so of their own free will.
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