As the media continues to parrot American intelligence agencies’ as-of-yet unsubstantiated claims that Russia hacked the U.S. election, there is far more evidence to implicate an equally dangerous infiltrator: Goldman Sachs. The infamous banking company, which was widely implicated in the 2008 economic crash, appears to have come out on top in the most recent Read More…
Finance
Hundreds of Millions of US Tax Dollars Spent on Non-Existent Afghan “Ghost Soldiers”
Special Inspector General for Afghanistan Reconstruction (SIGAR) John Sopko is once again warning about the long-standing problems of corruption in Afghanistan, and the amount of US “reconstruction aid” disappearing down black holes over the course of the years. As always, the discussion came around to “ghost soldiers.” Ghost soldiers are a phenomenon in which Afghan Read More…
The False Economic Recovery Narrative Will Die In 2017
Yes, the narrative of the “new normal” has been around for so long now that many people have simply grown used to it. The assumption is that the fiscal “new normal” has become the fiscal “normal,” and though the fundamentals continue to strain under the weight of poor global demand and historic debt levitated by Read More…
Exit, Hope & Change – The Obama Post-Mortem
By now, anyone in this country still of sound mind knows that Barack Obama presided through eight years of remarkable continuity – of changeless conditions that left a great many hopeless. As the days of his tenure dwindle, what do we make of the departing 44th president? He played the role with cool-headed decorum, but Read More…
Irrational Exuberance in US Stock Market Grasps at 20K for Dow
Since Trump’s election, the US stock market has climbed unstoppably along a remarkably steep path to round off at a teetering height. Is this the irrational exuberance that typically marks the last push before a perilous plunge, or is the market reaching escape velocity from the relentless gravity of the Great Recession? This burst of enthusiasm in response to Trump’s victory, flew in the Read More…
Italy Proves That Banks Are Not The Risk-Free Fantasy We’re Told To Believe
In the late 1400s, the city-states of Italy were among most dominant powers in the world. Most of the city-states had abandoned the feudal system that persisted across Europe. So Italy was one of the only places on the continent where anyone, including foreigners, could work hard, take risks, and become wealthy. People could start Read More…






