The neoliberal model of economy and finance, which has increasingly dominated the world since August 15, 1971, from its centers in the City of London and Wall Street, is heading toward a nasty implosion. This is the only conclusion one can reach from reviewing the recent actions of central bankers, particularly at the U.S. Federal Reserve, which reflect heightened panic and hysteria, especially among bankers and traders. In a rare Sunday announcement on March 15, the Fed said it will purchase $500 billion in Treasury securities and $200 billion in mortgage-backed securities, following the failure by traders and banks to sell an offering of 30-year Treasuries last week, as few buyers came forward.
It is fair to say that Wall Street's financial establishment was the real winner on "Super Tuesday" on March 3, when voters in fourteen states went to the polls, and delivered a solid victory to former Vice President Joe Biden, who won in ten of the states. An article published on March 2 by Reuters reported on discussions with fourteen "bankers, hedge-fund managers, private-equity bigwigs and prominent investors" on Wall Street, who spoke openly about their commitment to "making sure Vermont Senator Bernie Sanders does not get the nomination." They said they are "primarily supporting" Joe Biden, although they would also have been willing to back their Wall Street cohort, Michael Bloomberg, if Biden faltered. The victories propelled Biden to a lead over Sanders in the number of delegates needed to win the Democratic Party nomination, precipitating numerous media commentaries about the miraculous resurrection of Biden's campaign.
Global stock markets went plunging downwards this week, on news reports of the spread beyond China of the Corona Virus. Investors were reacting to warnings of the effects of the disruption of supply lines and the shut down of manufacturing plants, and the retreat in consumer spending. Forecasts are circulating which project that the disease could wipe out net corporate profits for the year. Some reports are projecting a drop in GDP, such as one prepared by Goldman Sachs, which predicts global GDP growth will barely top 2% in 2020, forecasting that U.S. growth will fall below 2%.
In 1996, after his release from prison following a conviction based on fraud and lies aimed at silencing him, internationally renowned statesman Lyndon LaRouche spoke of the explicit danger to the American republic, if the perpetrators of this gross injustice were not stripped of their arbitrary authority. "We have an out-of-control Justice Department in my view," he said, "where the rot is not in the appointees as much as it is in the permanent bureaucracy. We have a permanent sickness in the permanent bureaucracy of part of our government.
The failure of the Democratic Party to accurately count the votes cast in the Iowa caucus, which is the first test of the candidates competing for the party's nomination to run against President Trump, has made it into a national embarrassment, and an international laughingstock. The final count of the caucus, which took place on February 3, has yet to be released, as of February 14. Given that the total number of participants was only about 176,000, how is it possible that the final figures remain unknown? President Donald Trump ridiculed the party, asking how Americans could trust it to run the largest economy in the world, when it cannot even properly count the number of votes cast in a gymnasium?
The acquittal of President Donald Trump on two articles of impeachment by a vote in the U.S. Senate on February 5 should free him to pursue the urgent, dramatic strategic policy changes which led to him being targeted for a regime change coup, by those defending the Bush-Obama status quo. That status quo, which Trump pledged to overturn during his election campaign, included a commitment to remain engaged in the "endless wars" launched by Bush and Obama, and to continue the global free trade agenda, and its related anti-growth "Green" policy, which have been dismantling the manufacturing and agriculture sectors in the developed nations. Sticking to this degenerating status quo was the policy of Hillary Clinton, whom Trump defeated. In particular, it was his oft-stated commitment to work with Russia and President Putin, rather than engage in escalating provocations against Russia, which earned him the special enmity of top intelligence operatives in the United Kingdom and the Obama team, and their stooges in the Democratic Party, who were behind the "Russiagate" investigation and "Ukrainegate" impeachment against him.
After this article was completed, the Senate voted on January 31 against adding witnesses to the trial, effectively ending Democratic Party efforts to extend the trial against Trump indefinitely. It is likely Trump will be acquitted by a vote on February 5. Typically, the delusional and corrupt Rep. Adam Schiff, along with Pelosi and the other Congressional putchists, refused to accept their defeat, insisting they will continue to harass the President with more investigations.
Donald Trump is absolutely right about John Bolton, the war hawk who once served as his National Security Adviser, who is now being embraced by desperate Democrats as the possible savior for their collapsing impeachment campaign to remove him from office.
As the impeachment trial of Donald Trump opened in the U.S. Senate, the President was in Davos, Switzerland, to address the annual gathering of self-congratulatory elites, the billionaires and "influencers" who presume they have been chosen to chart the future course of mankind. The conference this year was primarily devoted to imposing a "Green" agenda on governments, to save the world from "man-made climate change." In addition to Green "celebrities", such as the angry teenager Greta Thunberg, Al Gore, Sir Nicholas Stern, Bill Gates and Prince Charles, a leading role was played by Bank of England Governor Mark Carney, who will soon become the United Nations Special Envoy on Climate Action and Finance.