Are Big Banks Using Derivatives To Suppress Bullion Prices? Paul Craig Roberts and Dave Kranzler We have explained on a number of occasions how the Federal Reserve's agents, the bullion banks (principally JPMorganChase, HSBC, and Scotia) sell uncovered shorts (“naked shorts”) on the Comex (gold futures market) in order to drive down an otherwise rising price of gold. By dumping so many uncovered short contracts...

Nuclear Agreement With Iran Paul Craig Roberts Washington’s issue with Iran has never been Iran’s nuclear energy program. The notion pushed by the neoconservatives that Iran only had a nuclear energy program (5% uranium enrichment) in order to hide a nuclear weapons program (95+% enrichment) was always a cover for Washington’s real opposition to Iran and Washington’s real agenda. From the standpoint of Washington’s doctrine...

Greece And The EU Situation Paul Craig Roberts I doubt that there will be a Greek exit. The Greek referendum, in which the Greek government’s position easily prevailed, tells the troika (EU Commission, European Central Bank, IMF, with of course Washington as the puppet master) that the Greek people support their government’s position that the years of austerity to which Greece has been subjected have...

Congress Should Protect Itself From The Executive Branch Paul Craig Roberts Gary Hart was a good senator, an independent person. Consequently, he was eliminated with a sexual scandal. The woman was a ten, and the powers that be got rid of Hart. Better to go that way than with an airplane crash or a frame-up that leads to prison like happened to US Rep. George...

Greeks Vote NO To EU-Imposed Austerity Paul Craig Roberts With 90% of the votes counted, the Greek people have voted 61% to 39% against accepting the latest round of austerity that the EU is trying to impose on the Greek people for the benefit of the One Percent. What is amazing is that 39% voted for the One Percent against their own interests. This 39%...

The latest report from Greece indicates that the privately owned Greek media have taken a stand against the Greek people and for the One Percent: Yesterday’s demonstration in favor of 'No’ in Syntagma Square of Athens had gigantic proportions and great fighting spirit. Instead, the rally of supporters of ‘Yes’ was enormously  smaller without breath and passion. Of course, with the exception of state television,...

Putin: “We don’t expect any change in hostile policies toward Russia” http://rt.com/news/271564-putin-west-russia-pressure/

Capitalism Has Become Socially Dysfunctional Paul Craig Roberts If you have not read John Perkins’ book, Confessions Of An Economic Hit Man, you should. The book is easy to read and explains clearly from the inside how US corporations deceive foreign governments into debts that they cannot service or repay and then use the IMF and World Bank as looting mechanisms and reduce the indebted...

The Fake Controversy of the Confederate Flag--And Why It Matters JACK KERWICK Reprinted from The Unz Review, JULY 3, 2015 http://www.unz.com/article/the-fake-controversy-of-the-confederate-flag-and-why-it-matters/ The war between the North and South was not a civil war. A civil war is when contending parties fight for control of the state. The South was not fighting for control of the United States. The South was forced into war by an act...

This is from John Williams' (shadowstats.com) introduction to his detailed report on the shortcomings of the June jobs and employment report. "The Good News in the Reporting of June Labor Conditions Was Not Good News. Headline June employment and unemployment numbers were more typical of deteriorating, broad economic activity than they were of an expanding economy in its purported sixth year of recovery. "Conditions deteriorated...