Cynthia McKinney: Obama Needs to “Pivot” to the Crisis at Home

President Obama risks getting whiplash from all the global pivots he’s executing. Meanwhile, the One Percent continue to suck the economy dry in a “massive theft that has seen more wealth of Black America stolen than at any time since the Trans-Atlantic Slave Trade.” Obama should start pursuing justice at home, and call a halt to U.S. “plunder, division, and warmongering in Asia.”…

In President Obama’s US, there is money for war, but no money for the poor…

John Pilger On Paris, ISIS And Media Propaganda

The Baltic Dry Shipping Index Just Collapsed To An All-Time Record Low

I was absolutely stunned to learn that the Baltic Dry Shipping Index had plummeted to a new all-time record low of 504 at one point on Thursday.  I have written a number of articles lately about the dramatic slowdown in global trade, but I didn’t realize that things had gotten quite this bad already.  Not even during the darkest moments of the last financial crisis did the Baltic Dry Shipping Index drop this low.  Something doesn’t seem to be adding up, because the mainstream media keeps telling us that the global economy is doing just fine.  In fact, the Federal Reserve is so confident in our “economic recovery” that they are getting ready to raise interest rates.  Of course the truth is that there is no “economic recovery” on the horizon.  In fact, as I wrote about yesterday, there are signs all around us that are indicating that we are heading directly into another major economic crisis.  This staggering decline of the Baltic Dry Shipping Index is just another confirmation of what is directly ahead of us…

Gerald Celente: Trends In The News

Will Bernie Sanders Cut Military Spending?

If U.S. President were not a mythical position but a serious job, the job interview would include asking the candidates their basic plans of action. This would start with, “What will you encourage Congress to spend a couple of trillion dollars on each year?”

At the moment, about half of federal discretionary spending is spent on one thing, militarism. A basic budget proposal from each candidate would tell us whether they think military spending should go up or down. Some of the Republicans have blurted out that they want it increased. Marco Rubio has lamented a failure to spend $100 billion more, suggesting that he would push for that increase. Rand Paul has denounced that idea, suggesting that he’d maintain or reduce military spending. But none of them has actually laid out a proposed budget in even the roughest terms.

The Democrats have avoided the subject even more. When forced to talk about the military, Senator Bernie Sanders has talked about waste and audits but left us completely in the dark as to what level he thinks spending should be. This is odd, because he talks about creating significant new spending all the time, for things like free college. But he never proposes to pay for such projects by pinching a bit from the military; he always proposes to tax billionaires — which is always criticized by the media as severely and nonsensically as a proposal to cut the military would be.

CBS hosted a debate this weekend, and I thank them for actually posting a full transcript and a full video that can be fast-forwarded. This allows an interested person to not actually watch the god-awful thing, but to read it and watch the bits that the transcriber marked “unintelligible” or the bits that require particular attention.

Here are a few segments worth paying attention to:

SANDERS: “I think we have a disagreement. And– the disagreement is that not only did I vote against the war in Iraq, if you look at history, John, you will find that regime change– whether it was in the early ’50s in Iran, whether it was toppling Salvador Allende in Chile or whether it was overthrowing the government [of] Guatemala way back when– these invasions, these– these toppling of governments, regime changes have unintended consequences. I would say that on this issue I’m a little bit more conservative than the secretary.”

That’s new and useful. If the U.S. were to stop overthrowing governments, most of the U.S. military could be dismantled. Here’s where Sanders finally mentions the military budget:

SANDERS: “Let me pick up an issue that– a very important issue that we have not yet discussed. This nation is the most powerful military in the world. We’re spending over $600 billion a year on the military. [He means just in the Department of so-called Defense alone, not counting Homeland Security, State, Energy, etc.] And yet significantly less than 10% of that money is used to be fighting international terrorism. We are spending hundreds of billions of dollars maintaining 5,000 nuclear weapons. I think we need major reform in the military making it more cost effective but also focusing on the real crisis that faces us. The Cold War is over and our focus has got to be on intelligence, increased manpower, fighting international terrorism.”

The upside here is that Sanders pointed out the military price-tag — and perhaps the idea of reducing or eliminating the nukes. The downside is that he didn’t suggest cutting militarism. He didn’t suggest moving money away from militarism. He only proposed to move money, from place to place, within the field of militarism. When asked later about taxing people to pay for college, Sanders failed to mention cutting military spending