F.W. ENGDAHL—Because never in its history has the Federal Reserve indulged in such a monetary experiment with so low rates so long, the effects of reversing are going to be as well unprecedented. At the onset of the 2008 financial crisis the Fed rates were around 5%. That is what the Fed is aiming at to return to “normal.” However, with rising interest rates, the lowest credit sector, so-called non-investment grade or “junk bonds” face domino style defaults.
WORLD DESK
-
-
Journalists and academics expose UK’s criminal actions in the Middle East. BBC also exposed.
16 minutes readThe group was formed by Frome Stop War, based in Somerset. Working with academics, investigative journalists and other interested parties and individuals, and drawing on the illegal 2003 invasion of Iraq, Media on Trial seeks to “cultivate public scepticism when faced with establishment and corporate media’s partisan reporting at times of conflict.” It held well-attended meetings in Frome and London last year. Its success in exposing the ongoing regime-change operations in Syria, and government/media propaganda to this end, has made its members the subject of an organised media smear campaign.
-
America’s War against the People of Korea: The Historical Record of US War Crimes
by shorty104 minutes readMICHEL CHOSSUDOVSKY—The Korean War (1950-1953) was the first major military operation undertaken by the US in the wake of World War II, launched at the very outset of what was euphemistically called “The Cold War”. In many respects it was a continuation of World War II, whereby Korean lands under Japanese colonial occupation were, from one day to the next, handed over to a new colonial power, the United States of America. At the Potsdam Conference (July–August 1945), the US and the Soviet Union agreed to dividing Korea, along the 38th parallel. There was no “Liberation” of Korea following the entry of US forces. Quite the opposite.
-
Possible diplomatic breakthrough in southwest Syria – TTG
12 minutes readCOL. PAT LANG—This is a major win for Damascus and only a minor adjustment for Teheran. The Iranian affiliated militias still have plenty to do well to the west of Dara’a and the Golan. The only real losers in these deals would be the various jihadist rebels in the area. Without logistical and military support from Israel, Jordan and the rest of the US-led coalition, the rebels would have to face the best of the SAA on their own. Their choices are to seek reconciliation with Damascus, be shipped to Idlib with the rest of the jihadist leftovers or die in place at the hands of the Tiger Force and the rest of the flower of the SAA. The IS jihadists in the tri-border area will most likely die in place.
-
ROBERT FANTINA—When one is discussing a violent nation, one that disdains international law, hold human rights in contempt, and cares nothing for its reputation on the international stage, one is generally discussing either the United States or Israel. They are so often complicit in each other’s crimes, and that fact is becoming clearer as each nation is led by an unstable, corrupt and egotistical mad man.