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Janet Yellen's Christmas Gift to Wall Street
Last week we learned that the key to a strong economy is not increased production, lower unemployment, or a sound monetary unit. Rather, economic prosperity depends on the type of language used by the central bank in its monetary policy statements. All it took was one word in the Federal Reserve Bank's press release -- that the Fed would be “patient” in raising interest rates to normal levels -- and stock markets went wild. The S&P 500 and the Dow Jones Industrial Average had their best gains in years, with the Dow gaining nearly 800 points from Wednesday to Friday and the S&P gaining almost 100 points to close within a few points of its all-time high.

21 December 2014read on...

Cold War Spy Games Show the Moral Bankruptcy of the US National Security State
Rolando Sarraff Trujillo, the Cuban government official who was released from prison as part of a spy trade between the US government and Cuba, is being hailed by US officials as a hero. Of course, that’s not the view of the Cuban government, which considers Sarraff a traitor.

20 December 2014read on...

Regime Change in Cuba
Normalization of relations with Cuba is not the result of a diplomatic breakthrough or a change of heart on the part of Washington. Normalization is a result of US corporations seeking profit opportunities in Cuba, such as developing broadband Internet markets in Cuba.

19 December 2014read on...

US Overlooks Russia Sanctions Backlash on Own Economy
While the US pursues the "nuclear" option of a first strike on the Russian economy -- seeking to depress the price of oil while denying Russia access to international financial markets -- the economic backlash of such a move could well be as dangerous for the US economy. Already the US oil industry is feeling the pain of the price drop that many believe is the result of a US/Saudi deal to put the squeeze on the Russian economy. RPI's Daniel McAdams is on RT today to discuss the implications of the new anti-Russia legislation passed in the dead of night after Members had gone home.

18 December 2014read on...

Bombs Away! Obama Signs Lethal Aid to Ukraine Bill
President Obama made good today on his promise to sign the Ukraine Freedom Support Act of 2014, which had passed Congress last week. Dubbed by former Rep. Dennis Kucinich the bill that "reignited the Cold War while no one was looking," the Act imposes new sanctions on the Russian defense and energy industries, authorizes $350 million in lethal military assistance to the US-backed government in Kiev, urges that government to resume its deadly military operations against the Russian-speaking areas of east Ukraine seeking to break away from Kiev's rule, and authorizes millions of dollars to fund increased US government propaganda broadcasts to the countries of the former Soviet Union. Just days before Christmas, this bill is a massive gift to the US defense industry from which Ukraine will be required to purchase its lethal wish list.

18 December 2014read on...

Torture and the Destruction of the Human Being Shaker Aamer by the United States
The Bush and Obama administrations have gone to extraordinary lengths to hide America’s archipelago of secret prisons and systems of torture.

18 December 2014read on...

For Truly Better Relations with Cuba, Open the Door and Get Out of the Way!
President Obama today took a bold and surprising step toward ending the futile 50 year US embargo of Cuba. The president announced he would begin normalizing relations, including upgrading the diplomatic mission in Havana to embassy status. The president also said he was taking steps to increase travel, commerce, and the flow of information between the US and Cuba.

17 December 2014read on...

The Cold War Has Never Ended for the CIA
In the midst of the CIA’s torture scandal, USAID continues its obsessive Cold War activity against Cuba, in a desperate attempt to finally, once and for all, oust the Castro regime from power and install another pro-U.S. dictatorship.

17 December 2014read on...

Three Members of Congress Just Reignited the Cold War While No One Was Looking
Late Thursday night, the House of Representatives unanimously passed a far-reaching Russia sanctions bill, a hydra-headed incubator of poisonous conflict. The second provocative anti-Russian legislation in a week, it further polarizes our relations with Russia, helping to cement a Russia-China alliance against Western hegemony, and undermines long-term America’s financial and physical security by handing the national treasury over to war profiteers.

16 December 2014read on...

BBC US Editor Parrots CIA, Republican Talking Points on Senate Torture Report
The BBC is supposed to be an "impartial", "honest" and "independent" news outlet, but today its US Editor, Jon Sopel, showed very clearly whose side he is on. In a short post, "A whiff of hypocrisy about CIA report?", he regurgitates some staple Republican talking-points and makes arguments eerily similar to those presented by former CIA and Bush officials in their various self-exculpatory media appearances this past week.

16 December 2014read on...

Featured Articles

Hagel's 'Defense Cuts' Are Smoke And Mirrors


Ronpaul Tst

Last week Defense Secretary Chuck Hagel proposed an additional 40,000 reduction in active duty US Army personnel, down to 450,000 soldiers. As US troops are being withdrawn from the recent wars in Afghanistan and Iraq, it might make sense to reduce not only the active duty military but the entire military budget. However, from the interventionists’ reaction to Hagel’s announcement you might think President Obama announced he was shutting down the Pentagon!
 
Rep. Michael McCaul, Chairman of the House Homeland Security Committee, claimed that this slight reduction in personnel would hurt our military readiness. He blamed the exploding spending on welfare entitlements for the proposed military cuts, stating, "It's all being sacrificed ... on the altar of entitlements. This president cannot take on mandatory spending, so all we've done in the Congress -- and this president -- is basically cut discretionary spending."
 
McCaul is partly right. Welfare spending is bankrupting the country. But military spending is also welfare: it is welfare for the well-connected military-industrial complex, which enriches itself manufacturing useless boondoggles like the F-35 fighter. We should never confuse legitimate defense spending – which I support – with military spending, which promotes interventionism overseas and actually undermines our national security.
 
Neoconservative Senators Lindsey Graham and John McCain were also quick to criticize Hagel’s announcement. They said the cuts were dead on arrival in the US Senate. "We are going to kill it, not let it happen,” said Graham. McCain added, "We live in an ever-increasingly dangerous world and this budget is out of touch with reality.”
 
What McCain and Graham won’t admit is that much of the reason we are in an increasingly-dangerous world is that the neocons keep inviting blowback with the interventions they are constantly pushing. If we minded our own business we would live in a far less dangerous world.
 
Nevertheless, although the neocons make a big deal about this small cut in military personnel, in reality these are not military cuts at all. These are token proposed cuts in troop levels which Congress won’t allow the administration to do anyway. What Hagel proposes is not cuts, but instead a shift in spending away from personnel and toward new high-tech weapons which are favored by and profitable to the military-industrial complex.
 
The F-35, for example, will continue in production according to Hagel’s plan, despite the numerous cost over-runs and design flaws. This is likely because the F-35 is built in 46 US states and nine foreign countries! That makes it particularly popular in Congress, regardless of its flaws and expense.
 
We do need real cuts in military spending, not just moving spending around from troops to new weapons systems. But what we really need is for the president to downsize US foreign policy. Maintaining a military presence in 140 countries while continuing to stir up trouble can lead to problems when the military is downsized. So, it's our intervention that needs downsizing.

A proper foreign policy would mean a strong national defense, but a huge reduction in interventions and commitments overseas. Why are we stirring up trouble in Ukraine? In Syria? In Africa? Why are we defending South Korea and Japan when they are wealthy enough to defend themselves? A proper sized foreign policy would defend the United States instead of provoking the rest of the world.
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