Articles

VT's Claudio Resta examines the global economy and its impact on our future.  By: Claudio Resta Are Silvergate, Silicon Valley Bank, First Republic, and Western Alliance failures just the beginning of a much bigger avalanche? You can still believe that business is as usual because stock indexes are manipulable by the authorities due to bank bailouts for the sake of a false apparent stability of the market so that the investor’s perception is falsified…until finally, this Ponzi scheme must collapse. On Mar 13, 2023, at 6:10 p.m. Dow Jones U.S. Banks Index closed at EDT 401.30 -31.68 -7.32% (!) after all!   As of March 15, at 1:40pm EST, the Dow is at 31,477.51, down over 4% in the last 5 days. Right now, after the backward trench of Marxist resistance a...

BY DEAN BAKER Photograph Source: John Loo – CC BY 2.0 The January data on consumer expenditures released yesterday had a lot of people freaking out. The story is that the Fed is going have to get out the big guns to really shoot inflation down. For those of us hoping that inflation would come down, without a big jump in unemployment, the report was definitely bad news. It showed strong growth in consumption, and more troubling, a 0.6 monthly increase in both the overall Personal Consumption Expenditure Deflator (PEC) and the core. Many of us had expected a modest uptick from December’s 0.4 percent core, but the 0.2 percentage point jump was definitely disconcerting. So, the story in yesterday’s data was definitely bad news from the standpoint of moderating inflation, ...

BY PAUL STREET Photograph by Nathaniel St. Clair Let’s have a look at the latest development in the Christian fascist Amerikaner campaign to re-impose the full pre-Roe v.Wade female bondage of forced motherhood, paying special attention to the sickening “Weimar” role of the Democratic Party and its allied “choice” organizations/NGOs. Recall how the dismal Dems and their friends in Indivisible, NARAL, and Planned Parenthood,  and countless mainstream liberals and supposedly left “repro” groups across the country, justified their abject failures to: (a)  heed Rise Up 4 Abortion Rights’ (RU4AR’s) call for massive street actions to “shut shit down” before and after the well-telegraphed June 24, 2022 Dobbs v Jackson decision, in which the Christian...

BY JOHN W. WHITEHEAD “Autocrats only understand one word: no, no, no. No you will not take my country, no you will not take my freedom, no you will not take my future… A dictator bent on rebuilding an empire will never be able to ease the people’s love of liberty. Brutality will never grind down the will of the free.” —President Biden Oh, the hypocrisy. To hear President Biden talk about the Russia’s aggression against Ukraine, you might imagine that Putin is the only dictator bent on expanding his military empire through the use of occupation, aggression and oppression. Yet the United States is no better, having spent much of the past half-century policing the globe, occupying other countries, and waging endless wars. What most Americans fail to rec...