Jul 10, 2022 – Sri Lanka’s dire economic and political conflict is being blamed by the Western media on Chinese “debt trap diplomacy” and “Putin Price Hikes,” however buried within the same Western media sources, is the truth.
The New Atlas
Sri Lanka: Debt Trap Diplomacy & Putin Price Hikes? Or Something Else? (Odysee)
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Read More »This week, the United States and its NATO allies pledged to increase their troop presence in Europe seven-fold, in order to prepare for what they called “warfighting against nuclear-armed peer-competitors”–that is, war against Russia and China.
Who will pay for Biden’s new “forever war”?
Related:
Glenn Hubbard’s WSJ Op-Ed: NATO Needs More Guns and Less Butter
Hubbard is a nonresident senior fellow at the right-wing think tank, American Enterprise Institute!
The Biden administration is no longer in charge of the White House. Relying on a select network of think-tanks and their corporate proxies, the Big Defense is. What it wants, it seems to get.
The Centre of International Insecurity
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Scott [Horton] is joined by Dan Steinbock to discuss an article he wrote about the network of Democratic organizations running American foreign policy. Steinbock has dug deep into the Center for a New American Security (CNAS) and WestExec Advisors, two organizations that have allowed top foreign policy officials to make money cycling between government, think tank and advisory roles. Steinbock also takes a step back and examines how these organizations are connected to weapons companies, Wall Street and technology firms.
6/27/22 Dan Steinbock: How Hawkish Democrats Make Money Pushing War
Samizdat – 28.06.2022
The G7 on 26 June re-launched its previous Build Back Better World program to provide infrastructure funds to poor and developing nations under a new name, the Global Investment and Infrastructure Partnership. The project aims to compete with China’s Belt and Road Initiative kicked off by Beijing in 2013.
Why G7’s Program for Developing Countries is Still No Match for China’s Belt & Road
Ex-Treasury Secretary Larry Summers warned that millions of currently employed Americans must lose their jobs in order for the Federal Reserve to succeed in its bid to cool inflation.
Larry Summers warns unemployment must rise to cool inflation
Related:
Larry Summers Says US Needs 5% Jobless Rate for Five Years to Ease Inflation
Maybe he can ship some more jobs overseas [/sarcasm]?! I’d suggest shipping him, overseas, but I wouldn’t even wish that on my enemy!
The U.S. empire’s social stability can no longer rely on buying off the workers within its own borders. When Che Guevara observed that international worker solidarity gets undermined by the proletarians in the core imperialist countries receiving special benefits compared to the proletarians in the exploited countries, he was right. But with the contraction of capital, and the consequential introduction of neoliberalism to keep capital afloat, this has changed. Every year, the masses within the United States face conditions that are more like the ones in the Global South. The global wealth gap is still the primary wealth gap in a macro sense, but this widening of the U.S. empire’s internal inequality represents a contradiction which can bring about the empire’s defeat from within. And therefore a major step towards eliminating the global gap.
By endangering the petrodollar, Ukraine conflict brings multipolar world & U.S. revolution far closer
The unprecedented U.S.-led Western sanctions against Russia have been likened to economic weapons of mass destruction (WMDs) that would ultimately destroy the Russian economy. In reality, the sanctions are like a double-edged sword — they inflict pain on Russia but also impose costs on their imposers.
Why sanctions against Russia may not work
By Pam Martens and Russ Martens: April 27, 2022 ~
As long-term readers of Wall Street On Parade know well, we have regularly warned that the failure of Congress to meaningfully reform Wall Street by restoring the Glass-Steagall Act poses a national security threat to our nation in times of crisis.
Global Megabanks Are Tanking – The Same Ones the Fed Bailed Out in 2019
Nothing has revealed the class divide in the U.S. quite like runaway inflation and skyrocketing gas prices. But in addition to the economic impact the staggering incompetence of the Biden administration is having on the working class, there is a political one; it’s undeniably driving working class voters even further from the Democrats and toward the GOP.
America Is Headed for Class Warfare
Related:
“It’s just really hard to live”: Chicago workers describe impact of surging food and gas prices
Imran Khan loses no-trust vote, prime ministerial term set for unceremonious end
After announcing results, Sadiq gave the floor to Shehbaz Sharif, who is the joint opposition’s candidate for the post of prime minister.
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He rejected the claims that the “threat letter” was fake, adding that the meeting in Washington took place on March 7.
“On March 8, the no-confidence motion was submitted against the prime minister. Look at how these things coincided,” he said, calling for holding an in-camera session.
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Human Rights Minister Dr Shireen Mazari’s speech revolved around the alleged US influence on Pakistani politics. “It is this nation’s misfortune that America has always been successful in [changing] the leaders of Pakistan.”
She recalled that the opposition was invited to check the ‘threat letter’ that according to government is ‘proof’ of a foreign-funded conspiracy.
“But I know why you did not come … because you’re a part of that conspiracy, which clearly states that ‘if you will oust Imran Khan and no-confidence vote is successful, then the nation will be forgiven.
“What will be forgiven? What crime has Pakistan done? An independent foreign policy? Who the hell is America to forgive us? And for what crime? For God’s sake have some shame. This is America’s old ways. In the 1950s, America and UK conspired to oust Iranian leader Musaddik — who was a democratic leader.”
She said America has either ousted democratic leaders or assassinated them and has installed dictatorship in countries.
“A few days ago, [US President Joe] Biden went to Poland and said ‘remove Putin and bring regime change’. This is America’s way.”
Related:
Ms. Cat’s Chronicles 
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