Great Depression
-
America’s Current Jobs ‘Great Depression’
Two well-known and highly respected mainstream economists, Carmen Reinhart, a chief economist for the World Bank, and Vincent Reinhart, chief economist for Morgan Stanley bank, have recently published an article in the widely read capitalist source, Foreign Affairs, entitled ‘The Pandemic Depression’. Arguing primarily from a global perspective, the economists have concluded the US economy… Continue reading
-
75th Anniversary of the Great Victory: Shared Responsibility to History and our Future
75 years have passed since the end of the Great Patriotic War. Several generations have grown up over the years. The political map of the planet has changed. The Soviet Union that claimed an epic, crushing victory over Nazism and saved the entire world is gone. Besides, the events of that war have long become a distant memory, even for its participants. So why does Russia celebrate the 9th of May as the biggest holiday?… Continue reading
-
Why 3rd Quarter US Economic Rebound Will Falter
The reopening of the US economy in June—and some states as early as May—has produced a modest economic ‘rebound’. But rebound is not to be confused with economic recovery. Continue reading
-
The scarring
Optimism reigns in global stock markets, particularly in the US. After falling around 30% when the lockdowns to contain COVID-19 virus pandemic were imposed, the US stock market has jumped back 30% in April. Why? Well, for two reasons. The first is that the US Federal Reserve has intervened to inject humungous amounts of credit… Continue reading
-
TARGETTING IRAN: The Dogs of War are off the Leash By Tom Burghardt
Currently, Iran is ringed with military bases. American, British and Israeli submarines equipped with nuclear cruise missiles keep silent watch. Aircraft carrier battle groups carry out provocative maneuvers. U.S. and Israeli drones routinely overfly Iranian territory. Scientists are murdered in orchestrated terror attacks. Defense installations are bombed. Continue reading
-
Imperial Military Adventurism: Tensions Rise as U.S. Imposes 'Nuclear Option' on Iran's Economy by Tom Burghardt
Reacting to American threats to crater their economy, Iran’s first vice president Mohammad-Reza Rahimi said last week that the Islamic Republic would retaliate by blocking all oil shipments through the strategic Strait of Hormuz. Continue reading
-
Pakistan in Pieces, Part 1: Imperial Eye on Pakistan by Andrew Gavin Marshall
As the purported assassination of Osama bin Laden has placed the focus on Pakistan, it is vital to assess the changing role of Pakistan in broad geostrategic terms, and in particular, of the changing American strategy toward Pakistan. Continue reading
The New Dark Age 