Have you been wondering why, with the abundance of bad economic news in recent months, the stock market in the U.S. has been going up sharply? With a forecast by IMF economists of an 8% drop in GDP in the U.S., more than 30 million layoffs, a plunge in consumer spending predicted, a surge of defaults, bankruptcies, foreclosures, evictions and repossession coming as the forbearance program of the CARES relief act ends soon, and a dramatic increase in the number of COVID19 cases, why is the stock market moving back to the levels reached prior to the lockdown in mid-March? And is the stock market surge a sign of overall economic health, the leading edge of a "V-shaped recovery", as proclaimed by bankers, traders and market analysts, and echoed by officials of the Trump administration and neoliberals in the Republican Party?
In an interview with ABC News reporter Martha Raddatz on June 18, John Bolton unleashed his full fury on his former boss, Donald Trump. Describing the President as "unfit for office," he said he lacks "the competence to carry out the job." Accusing Trump of having only one focus in his presidency, which is to do what is necessary to be re-elected—as if that had not been a major concern for many previous incumbent presidents during their first term in office—Bolton stated, "There really isn't any guiding principle that I was able to discern." He concluded his assault by adding, "I think Putin thinks he can play (Trump) like a fiddle," implying there was some truth in the charges that Putin helped Trump win in 2016.
By all that is reasonable, events which began with former special counsel Robert Mueller's much-hyped-but-frightfully-disappointing testimony before Congress on July 24, 2019, should have put an inglorious end to the regime change coup against President Donald Trump, which was launched nearly a year before his election. Mueller's halting presentation and his confused demeanor, which made him appear clueless about what he had investigated, combined with the lack of actual evidence to prove a case against either Trump or Russia, demonstrated that Russiagate had, in fact, been from the start a big "Nothing-burger."
The demonstrations which broke out throughout the United States following the murder of George Floyd by police in Minneapolis, Minnesota on May 25 initially had a clear message: It is time to end the racial injustice, which has resulted in too many incidents of killing of black men by police.
In all the non-stop chatter in the United States about "reopening the economy", has anyone given a thought to answering the question, "What exactly should be 'reopened'?" With more than 40 million jobs lost since the lockdown to "flatten the curve" of the Coronavirus pandemic, which began in March 2020, there is no question that Americans are legitimately fearful about their prospects for the immediate future. With government aid to minimize losses set to run out, how will people afford to pay the bills for food and housing, medical costs, etc.?
The announcement this week by Attorney General Barr that he does not expect there will be an investigation, "at this time", into the role played in the attacks on the Trump campaign and presidency by former President Barack Obama and former Vice President Joe Biden, has added another layer of intrigue to the already explosive developments around Russiagate. Barr's comments came as new evidence has been pouring out, which proves that it is justified to charge that there were multiple violations of law behind the coup attempt against President Donald Trump, and that officials at the highest levels of the Obama administration were informed of these activities, if not directly involved. Trump himself began referring to the ongoing investigation as "Obamagate."
In reviewing the excruciating pressure imposed on U.S. President Donald Trump to drop his efforts to achieve a collaborative relationship with China's President Xi Jinping, it is useful to review the strategy outlined by former United Kingdom Ambassador to Washington, Sir Kim Darroch, to manipulate him to adopt British policy initiatives. The Daily Mail published on July 6, 2019 leaked diplomatic cables sent by Darroch to Britain's National Security Adviser Sir Mark Sedwill, discussing how to maintain what he described as "our single most important bilateral relationship", with Trump as President, given the importance of "defence and intelligence cooperation."