What do you do in a case where you make a loan to a country, and the entire staff says that there is no way this country can repay the loan? That is what the IMF staff said in 2015. It made the loan anyway – not to Greece, but to pay French banks, German banks and a few other bondholders – not a penny actually went to Greece. The junk economics they used claimed to have a program to make sure the IMF would help manage the Greek economy to enable it to repay. Unfortunately, their secret ingredient was austerity.
More

So the global capitalist ruling classes' neutralization of the Trumpian uprising seems to be off to a pretty good start. It's barely been a month since his inauguration, and the corporate media, liberal celebrities, and their millions of faithful fans and followers are already shrieking for his summary impeachment, or his removal by ... well, whatever means necessary, including some sort of "deep state" coup. Words like "treason" are being bandied about, treason being ground for impeachment (not to mention being punishable by death), which appears to be where we're headed at this point.

In any event, the nation is now officially in a state of "crisis." The editors of The New York Times are demanding congressional investigations to root out the Russian infiltrators who have assumed control of the executive branch. According to prize-winning economist Paul Krugman, "a foreign dictator intervened on behalf of a US presidential candidate" ... "we are being governed by people who take their cues from Moscow," or some such nonsense. The Washington Post, CNN, MSNBC, The Guardian, The New Yorker, Politico, Mother Jones, et al. (in other words virtually every organ of the Western neoliberal media) are robotically repeating this propaganda like the Project Mayhem cultists in Fight Club. More

Just when you thought it was safe to venture out, Frankenstein returns – at least its political equivalent in the shape of Tony Blair, Britain’s former prime minister and poster child for the venality, corruption, and opportunism of Western liberalism in our time.

Blair’s decision to intervene in the ongoing political crisis that has engulfed the UK over Brexit can only be described as offensive. His call to arms, urging the British people to “rise up against Brexit”, which he issued from that renowned fortress of people power, Bloomberg headquarters in the City of London, will only harden support for it given the fact that Blair's time in office only helped pave the way for it. More