Economists who have spent their professional lives rationalizing “globalism” as good for America have no idea of the disaster that they have wrought.
On August 17, Bloomberg reported a US government release that industrial production rose twice as much as forecast, climbing 1 percent. Bloomberg interpreted this to mean that “increased business investment is propelling the gains in manufacturing, which accounts for 11 percent of the world’s largest economy.” The stock market rose. Let’s look at this through [...]
The United States is running out of time to get its budget and trade deficits under control. Despite the urgency of the situation, 2010 has been wasted in hype about a non-existent recovery. As recently as August 2 Treasury Secretary Timothy F. Geithner penned a New York Times Column, “Welcome to the Recovery.” As John [...]
I write about major problems: the collapsing US economy, wars based on lies and deception, the police state based on “the war on terror”, and other fabrications such as those orchestrated by corrupt police and prosecutors, who boost their performance reports by convicting the innocent, and so on. America is a very distressing place. The [...]
It is not unusual for members of the diminishing upper middle class to drop $20,000 or $30,000 on a big wedding. But for celebrities this large sum wouldn’t cover the wedding dress or the flowers. When country music star Keith Urban married actress Nicole Kidman in 2006, their wedding cost $250,000. This large sum hardly [...]
The White House is screaming like a stuck pig. WikiLeaks’ release of the Afghan War Documents “puts the lives of our soldiers and our coalition partners at risk.” What nonsense. Obama’s war puts the lives of American soldiers at risk, and the craven puppet state behavior of “our partners” in serving as US mercenaries is [...]
It was 2017. Clans were governing America. The first clans organized around local police forces. The conservatives’ war on crime during the late 20th century and the Bush/Obama war on terror during the first decade of the 21st century had resulted in the police becoming militarized and unaccountable. As society broke down, the police became [...]
I admire Joseph E. Stiglitz, because he has a social conscience and a sense of justice, the absence of which turns economists into monsters. Despite his virtues and Nobel Prize, Stiglitz sometimes falls down as an economist. Readers of my new book, How The Economy Was Lost, will be aware that I take him to [...]
The BBC reported on July 4 that US Secretary of State Hillary Clinton said that the US ballistic missile base in Poland was not directed at Russia. The purpose of the base, she said, is to protect Poland from the Iranian threat. Why would Iran be a threat to Poland? What happens to US credibility [...]
The morality of the American people now resides, insecurely, in the Presbyterian Church. Every other institution of American society–the evangelical churches, the bought-and-paid-for American media, both houses of Congress, the executive branch, both political parties, the corporations, the financial sector, the universities–all support Israel’s genocide against the Palestinians. Only the Presbyterians dissent. The genocide is [...]
FPJ Blog – Between the Lines
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