Barack Obama

Donald Trump Is Right: Here Are 100 Reasons Why We Need To Audit The Federal Reserve

When a leading nominee for President gets something exactly right, we should applaud them for it.  In this case, Donald Trump’s call to audit the Federal Reserve is dead on correct.  Most Americans don’t realize this, but the Federal Reserve has far more power over the economy than anyone else does – including Barack Obama.  The funny thing is that the Federal Reserve is not even part of the federal government.  It is an independent private central bank that was designed by very powerful Wall Street interests a little over 100 years ago.  It is at the heart of the debt-based financial system which is eating away at America like cancer, and it has no direct accountability to the American people whatsoever.

The Age Of Authoritarianism: Government Of The Politicians, By The Military, For The Corporations

It is easy to be diverted, distracted and amused by the antics of the presidential candidates, the pomp and circumstance of awards shows, athletic events, and entertainment news, and the feel-good evangelism that passes for religion today. What is far more difficult to face up to is the reality of life in America, where unemployment, poverty, inequality, injustice and violence by government agents are increasingly norms. The powers-that-be want us to remain divided, alienated from each other based on our politics, our bank accounts, our religion, our race and our value systems. Yet as George Orwell observed, “The real division is not between conservatives and revolutionaries but between authoritarians and libertarians.”

In "Unprecedented, Historic" Move, Senate GOP Will Deny Obama Supreme Court Nominee Hearings

This afternoon Senate Republicans went "all in" on a Supreme Court gamble, in which they vowed to deny holding confirmation hearings for any nominee from President Obama.  The unprecedented decision, made before the president has named a nominee, marks a new chapter in Washington’s war over judicial nominations according to The Hill. In a battle of superlatives, CNN adds that the "historic move outraged Democrats and injected Supreme Court politics into the center of an already tense battle for the White House."

Hillary Clinton Is Backed By Major Republican Donors

Hillary Clinton is a good investment for a billionaire - even for the 70% of them who are Republicans. And, based on those 2015 donation-figures, it seems that they would prefer a President Hillary Clinton, over a President Donald Trump. In such an instance, Hillary Clinton would probably draw a larger campaign-chest (especially considering super-pacs) than any candidate for any political office in U.S. (or global) history. Hillary Clinton would almost certainly be the most-heavily-marketed political product in history, if she becomes nominated and ends up running against Trump.

Hillary Clinton’s Six Foreign-Policy Catastrophes

Many commentators have mentioned that Hillary Clinton left behind no major achievement as the U.S. Secretary of State; but, actually, she did. Unfortunately, all of her major achievements were bad, and some were catastrophic. Six countries were especially involved: Honduras, Haiti, Afghanistan, Libya, Syria, and Ukraine. The harm she did to each country was not in the interest of the American people, and it was disastrous for the residents there. Hillary Clinton at every campaign debate says “I have a better track-record,” and that she’s “a progressive who gets things done.” Here’s what she has actually done when she was Secretary of State...

Guest Post: Great Power Realignment - To Russia?

The end result may be "peace," but of the Machiavellian sort. "Peace," Machiavelli wrote, is the set of conditions imposed by the winner on the loser of the last war. The Turks and the Russians understand him. The Americans? Perhaps not so much.

Frontrunning: February 19

  • Stocks knocked back as oil rally falters (Reuters)
  • Still no deal for Britain on EU reforms after all-night talks (Reuters)
  • Oil Falls Near $30 as Rising U.S. Crude Stockpiles Expand Glut (BBG)
  • PBOC to Raise Reserve Ratios for Banks That Don't Meet Criteria (BBG)
  • China’s Top Securities Regulator to Step Down (WSJ)

Frontrunning: February 18

  • Oil extends rally towards $35 after Iran welcomes output freeze (Reuters)
  • Overproduction Swamps Smaller Chinese Cities, Revealing Depth of Crisis (WSJ)
  • House Flipping Is Making a Comeback in Las Vegas (BBG)
  • Trump leads Republican field nationally by more than 20 points (Reuters)
  • Turkey blames Kurdish militants for Ankara bomb, vows response in Syria and Iraq (Reuters)

How Far Will The U.S. Go If Turkey Invades Syria?

The Government of Turkey has now put itself in a position whereby it must act rapidly and precipitously to avoid moving to an ultimately losing strategic position in the war against Syria, which could result in being forced back to fight a full-scale civil war to prevent the break-up of the State into at least two components, one being a new Kurdish state. The Obama Administration, with less than a year to run on its term, is also throwing caution to the winds, and is empowered in this by the diversion of U.S. political attention on the November 2016 Presidential elections. President Obama hopes to move the U.S. into an irrevocable military action in Syria before the Washington political establishment can warn him off it. And he might succeed.

Frontrunning: February 17

  • Futures rise as oil gains hold steady (Reuters)
  • China promises economic stability as G20, parliament loom (Reuters)
  • Obama scolds Senate Republicans for Supreme Court threat (Reuters)
  • China Deploys Missiles on Disputed South China Sea Island (WSJ)
  • China Ramps Up Rhetoric, Plans New Steps to Juice Up Economy (BBG)
  • China Loses Control of the Economic Story Line (WSJ)

The Mainstream Media Wants Marco Rubio To Be Your Next President

The rehabilitation had begun almost as soon as the New Hampshire debate ended, and it was pre-ordained that as soon as the South Carolina debate ended, the media would announce that Rubio is back on the ascent — a self-fulfilling prophecy, if ever there was one. After all, the media were the ones writing the script. It is going to take a lot more than self-inflicted wounds to fell this candidacy. It is going to take an objective media. Good luck with that.

Obama OK's First Factory In Cuba In 57 Years

In milestone, two entrepreneurs are set to open a tractor factory in Cuba. The move will mark the first time a US factory has been located on Cuban soil since the revolution.

Frontrunning: February 15

  • China’s Yuan Makes Largest Gain Since 2005 on PBOC Cue (WSJ)
  • Japan's Nikkei soars over 7%, for its biggest gain since 2008 (BBG)
  • Global shares rise as firmer Chinese yuan eases deflation fears (Reuters)
  • Banks' Surge Takes Europe's Stock Rally Into 2nd Day; HSBC Rises (BBG)
  • Oil extends rally on prospects OPEC could act to counter low prices (Reuters)
  • Europe's Higher-Yielding Bonds Benefit as Global Turmoil Eases (BBG)

Neil Howe Warns The 'Professional Class' Is Still In Denial Of The Fourth Turning

"The world has fundamentally shifted over the last decade, especially since we’ve emerged from the Great Recession... But the professional class has been very slow to understand what is going on, not just quantitatively but qualitatively in a new generational configuration that I call the Fourth Turning. They don’t accept the new normal. They keep insisting, just two or three years out there on the horizon, that the old normal will return – in GDP growth, in housing starts, in global trade. But it doesn’t return."