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Gloom and Doom
Gloom and Doom
Stephen Lendman
Sharply lower global equity markets since last August reflect years of Fed-led central banks’ money printing madness, running headlong into economic contraction and instability.
China when thriving is a key engine of world economic growth, a depressant when declining. Official numbers conceal how much, at best a small fraction of its earlier annual double-digit increases.
Its plunging equity markets are flashing red on near-and-perhaps longer-term growth prospects.
Noted Gloom, Boom & Doom editor Marc Faber sees grim prospects ahead, saying “I can’t see another bull market in my lifetime.” He’s 69-years-old.
Former PIMCO CEO, current Allianz Capital Partners chief economic advisor Mohanmed El-Arian believes markets are in full-scale contagion, central banks out of ammunition to revive things.
George Soros Finally Suspends His Lifelong War Against Russia
Eric Zuesse
On January 21st, George Soros, who has throughout his life been passionately opposed not just to communism but also to Russia, finally stated in a Bloomberg News interview at the World Economic Forum, that the United States (and possibly the EU, but he says that the EU is in terrible economic shape itself) must now fund a new Marshall Plan for all of Europe, including, this time, even his bête noire: Russia.
However, is he ending, or merely suspending, his lifelong war against Russia? Let’s look at the evidence, including the background for his comments. The crucial background in order to understand his statement is provided in the links here:
Obama: Serial Killer
Stephen Lendman
On Wednesday, a banner was displayed on the top floor of a building across from Washington’s Moscow embassy - the word “KILLER” prominently displayed on Obama’s image in blood red.
The previous evening, a laser display projected the accusation “Obama Killer #1” on the embassy itself. Moscow-based Glavplakat art society took credit, calling its action a response to Washington’s “plans to invade the territory of yet another sovereign state.”
“The word ‘killer’ defines the 44th US president, and is given to him because of his decision to send the infamous 101st Airborne Division into the Syrian conflict,” it said.“Let’s keep in mind that this division (notoriously called “The Screaming Eagles”) carried out practically every US military invasion in the last decade.”
Ahead of peace talks beginning in Geneva on Friday, Sergey Lavrov said “there will be no business as usual between Russia and the West.”
The Populist Revolution: Bernie and Beyond
Ellen Brown
The world is undergoing a populist revival. From the revolt against austerity led by the Syriza Party in Greece and the Podemos Party in Spain, to Jeremy Corbyn’s surprise victory as Labour leader in the UK, to Donald Trump’s ascendancy in the Republican polls, to Bernie Sanders’ surprisingly strong challenge to Hillary Clinton – contenders with their fingers on the popular pulse are surging ahead of their establishment rivals.
Today’s populist revolt mimics an earlier one that reached its peak in the US in the 1890s. Then it was all about challenging Wall Street, reclaiming the government’s power to create money, curing rampant deflation with US Notes (Greenbacks) or silver coins (then considered the money of the people), nationalizing the banks, and establishing a central bank that actually responded to the will of the people. Over a century later, Occupy Wall Street revived the populist challenge, armed this time with the Internet and mass media to spread the word. The Occupy movement shined a spotlight on the corrupt culture of greed unleashed by deregulating Wall Street, widening the yawning gap between the 1% and the 99% and destroying jobs, households and the economy.
NYT Editors Irresponsibly Suggest Putin’s Involvement in Murder
Stephen Lendman
The Times consistently violates its own journalistic standards and ethics, ones it’s sworn to uphold.
Saying its practices “must be beyond reproach” belies its consistent managed news misinformation and Big Lies.
Hard truths on issues mattering most, notably geopolitical ones, are systematically suppressed.
Editorial policy recklessly bashes Russia, notably Vladimir Putin with no just cause whatever, solely for political reasons, one-sidedly supporting Washington’s rogue imperial agenda, waging endless wars on humanity at home and abroad. On January 21, Times editors practically accused Putin of ordering former Russian Federal Security Service/KGB official Alexander Litvinenko’s November 2006 murder.
No credible evidence suggests it, dubious testimonies only, innuendo and hearsay, inadmissible in legitimate legal proceedings, part of longstanding, irresponsible Putin bashing.
More Lies About Russian Airstrikes Killing Civilians in Syria
Stephen Lendman
The misnamed, one-man operated, London-based, Western-supported Syrian Observatory for Human Rights (SOHR) issues daily anti-Assad/anti-Russian propaganda reports, consistent misinformation substituting for hard facts.
Its latest on January 24 turned truth on its head, headlining “Russian and Syrian warplanes kill 164 civilians in revenge massacre,” omitting evidence because there is none, saying: Deaths “includ(e) 43 children and 25 women…massacre(d)…in the past 72 hours…in the towns of Tabia, Jazira, Khesham, and al-Bolel in the eastern countryside of Der-Ezzor…in addition to the death of a woman and a man who were killed by aerial bombardment on Ma’dan area in the eastern countryside of al-Raqqa.”
Dallas Fed Starts To Call `Depression' as Oil Debt Vaporizes
Lyndon LaRouche
Jan. 25 (EIRNS)--Many sources pointed to the financial mudslide continuing and worsening today; none as poignant as the Dallas Federal Reserve Bank, whose January survey of industrial conditions in Texas and Louisiana found everything collapsing. VCalling the situation "an oil and gas depression," the Fed bank found 21% of all companies had laid off workers and closed facilities, and that every aspect of its survey and forecast were back to their 2009 levels, or worse. {Financial Times} on Jan. 24 headlined "U.S. Junk-Rated Debt Hits Two-Decade Low." The $1 trillion of high-yield debt which is "energy debt" is now worth 56 cents/dollar on average, {FT} says, citing Moody's. Of the production and exploration companies, 11% of their debt was in default in December alone. "Investors are bracing for another spike in bankruptcies," says {FT}. One of the biggest bankruptcies so far appears on for this week; Sandridge Resources, which has a debt of $4 billion.
Human Rights Watch Blasts Illegal Israeli Settlements
Stephen Lendman
Israel’s settlement project flagrantly violates international law. Over 600,000 settlers occupy stolen Palestinian land.
Fourth Geneva prohibits an occupying power from transferring its citizens to the territory it occupies, as well as displacing people from their land to permit it.
Lawless development has been ongoing for nearly half a century. Israel wants all valued Judea and Samaria land exclusively for Jews, Palestinians ethnically cleansed to facilitate it - increasingly isolated, their fundamental rights systematically violated. On Sunday, Netanyahu reiterated his support for unlimited settlement expansion, saying “(t)he government supports settlements at any time, especially now when it is under terrorist assault and is taking a courageous and determined stand in the face of terrorist attacks.”
Phony US Claims About Putin’s Corruption
Stephen Lendman
Relentless US Putin bashing persists, reckless accusations made - including invading Ukraine and murder, evidence backing up claims absent. None exists.
Putin is vilified for forthrightly defending Russian sovereign independence, supporting a multi-polar world, and challenging Washington’s imperial agenda - at the same time seeking world peace and stability along with mutual cooperation among all nations.
Comments by US officials reflect administration policy. Britain’s BBC is state-owned, controlled and operated. Propaganda substitutes for credible news and information.
U.S. & Allies Make bin Laden Admirer a Negotiator in Syria Peace Talks
On January 25th, which was the date when peace talks on Syria were to start, U.S. Secretary of State John Kerry insisted that the organization founded by Osama bin Laden admirer, Zahran Alloush, represent the anti-Assad forces in the upcoming Syrian peace talks, and Russian Foreign Minister Sergei Lavrov very reluctantly accepted.
Alloush had founded and led the jihadist organization, Jaysh al-Islam. Wikipedia says "Jaysh al-Islam ex-leader Zahran Alloush gave a speech on the merits of Hajj in 2013 and praised Usama bin Laden, addressing him by the honorific 'Sheikh' and the honorific 'rahimahu Allah. ... Alloush addressed the Al-Qaeda organization Jabhat al-Nusra as 'our brothers’.” Al-Nusra had helped in carrying out a U.S.-Turkish-Saudi-Qatari arranged sarin gas attack in August 2013 that President Obama blamed on Assad and that Obama still cites as his reason and justification for bombing Assad’s army. Even when Obama entered the White House in 2009, he was aiming to find a way to remove Syria’s President, Assad, from power. Setting up this gas-attack (and blaming it on Assad) turned out to be the way to make that possible
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