President Trump’s recent Tweets expressing displeasure with the Federal Reserve’s (minor) interest rate increases led to accusations that President Trump is undermining the Federal Reserve’s independence. But, the critics ignore the fact that Federal Reserve “independence” is one of the great myths of American politics.When it comes to intimidating the Federal Reserve, President Trump pales in comparison to President Lyndon Johnson. After the Federal Reserve increased interest rates in 1965,...

Like every other major move in the Middle East, Washington's latest raft of economic sanctions against Iran are doomed to fail. Not because the policy instrument itself doesn't actually work, but because our government is making the same mistakes of the past. Now get back inside your Delorean and set the clock for the fall of 2002, back when the United States was preparing to wage war against Iraq. Those of us who were awake then knew exactly what kind of disaster was unfolding, and we...

President Donald Trump and his neocon advisors have been trying to provoke a war with Iran and Syria for many months. The neocons are echoing Cato the Elder’s cry, "delenda est Carthago!" Iran must be destroyed. So far, Tehran and its ally Damascus have refused to respond to US naval and air incursions or Israel’s growing air attacks in Syria. But the war of words between the US and Iran has now reached a critical phase. Last week, Trump, who evaded military service during the Vietnam War,...

For the first time since the Singapore summit, a shadow of doubt has been cast over the Korean peace process. Its source is the United States’ unyielding demand for complete North Korean nuclear disarmament before ending the Korean War and prior to allowing the sanctions exemptions needed for carrying out North-South peace initiatives. The US’ unwillingness to take a more conciliatory approach on these two issues stems from the misguided conviction among senior Trump administration officials...

Readers, a small detective story. Note down this number: MFG BGM-71E-1B. And this number: STOCK NO 1410-01-300-0254. And this code: DAA A01 C-0292. I found all these numerals printed on the side of a spent missile casing lying in the basement of a bombed-out Islamist base in eastern Aleppo last year. At the top were the words “Hughes Aircraft Co”, founded in California back in the 1930s by the infamous Howard Hughes and sold in 1997 to Raytheon, the massive US defence contractor whose profits...

The frequency with which US President Donald Trump holds out threats to other countries is such that he is no longer being taken seriously. The list of countries threatened by Trump so far includes North Korea, Germany, Canada, China, Venezuela, Pakistan, Syria, Iran and Turkey. In all fairness, Trump makes no distinction between enemies, adversaries, friends or allies. Turkey, a NATO ally, holds a record of sorts as the country most threatened by the Trump administration. In separate tweets...

One thing that’s not receiving enough attention in the respective Assange and Russia coverage is to what extent both protagonists are needed in each other’s narratives to keep each of these alive. Without explicitly linking Assange to Russia, allegations against him lose a lot, if not most, of their credibility. Likewise, if Assange is not put straight in the middle of the Russia story, it too loses much. Linking them is the gift that keeps on giving for the US intelligence community and the...

The United States and Israel have been threatening Iran for something like twenty years, using the pretext that it was developing a nuclear weapon initially, but also more recently declaring that Tehran has become a threat to the entire Middle East. Both contentions are essentially lies, concocted by an Israel and Saudi Arabia that would prefer to have Iran removed as a possible impediment to their own ambitions. And they would like the United States to do the removing. Iran is the hottest of...

Those of us who regard NATO as one of the primary sources of international instability thanks to its wars of destruction in the MENA and provocation of Russia were looking forward with delighted anticipation to Trump's appearance at the NATO summit. We were not disappointed. I would have loved to have been a fly on the wall when Trump came late to the meeting where Ukraine and Georgia were banging on about the Russian threat, started ranting about spending and blew up the decorous charade....

At the press conference following their summit meeting in Helsinki, Russian President Vladimir Putin and American President Donald Trump discussed the possibility of resolving potential criminal cases involving citizens of the two countries by permitting interrogators from Washington and Moscow to participate in joint questioning of the individuals named in indictments prepared by the respective judiciaries. The predictable response by the American nomenklatura was that it was a horrible idea...

I am getting that Iraq deja vu feeling again, only this time with respect to Iran. You’ll recall the build-up to the US war of aggression against Iraq: WMDs. Mushroom clouds. Charts and graphs. Preventive war. The anti-Iraq propaganda from US officials was overwhelming, so much so that by the time US officials initiated their war of aggression against Iraq, many Americans had completely accepted the notion that the United States was an innocent victim about to come under nuclear attack from...

In an unprecedented move, the Justice Department has released the FISA application submitted by the FBI to spy on Carter Page, the rather hapless would-be advisor to the Trump campaign who has been smeared as a “Russian agent” – but has not been charged after almost two years. We’ve never before even seen a FISA application, in which law enforcement agents explain to a judge why it is necessary for them to conduct surveillance on an American citizen, and so this is a special treat. The...

According to financial writer Simon Black, the federal government is spending approximately 52,000 dollars per second. This, not last year’s tax cuts, is the reason why the national debt has reached a record 21 trillion dollars, which is more than America’s gross domestic product (GDP).Another ominous sign is that this year both Social Security and Medicare will have to draw down on their reserve funds to be able to pay benefits. The Social Security and Medicare trust funds will both soon be...

President's Trump successful summit with President Putin was used by the "resistance" and the deep state to launch a coup-attempt against Trump. Their minimum aim is to put Trump into a (virtual) political cage where he can no longer pursue his foreign policy agenda.One does not have to be a fan of Trump's policies and still see the potential danger. A situation where he can no longer act freely will likely be worse. What Trump has done so far still does not add up to the disastrous policies...

Comedy? Disaster? Mental disorder? Hearing loss? Even days after President Donald Trump’s bizarre appearance in Moscow alongside a cool, composed President Vladimir Putin, it’s hard to tell what happened. But it certainly was entertaining. In case anyone in the universe missed this event, let me recap. Trump met in private with Putin, which drove bureaucrats on both sides crazy. So far, Trump won’t reveal most of what was said between the two leaders. But after the presidential meeting, Trump...