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Real debt trap: Sri Lanka owes vast majority to West, not China
Sri Lanka owes 81% of its external debt to US and European financial institutions and Western allies Japan and India. China owns just 10%. But Washington blames imaginary “Chinese debt traps” for the nation’s crisis, as it considers a 17th IMF structural adjustment program.
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Economist Michael Hudson on inflation and Fed plan to cut wages: A depression is coming
Economist Michael Hudson explains the inflation crisis and U.S. Federal Reserve’s “austerity program to reduce wages” and boost unemployment. He warns a “long depression” is coming, due to the new cold war on Russia and China.
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Only 4 of 55 African leaders attend Zelensky call, showing neutrality on Ukraine and Russia
Western governments have tried to rally the nations of Africa to join their war on Russia. But the vast majority of the continent has ignored their pressure campaign.
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Colombia’s first ever left-wing president: Gustavo Petro wins historic election. What does it mean?
Gustavo Petro won Colombia’s June 19 election, becoming its first ever left-wing president. We analyze what this means for Latin America, the US, Venezuela, the military, paramilitary groups, the powerful oligarchy, and social movements.
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Mexico’s President AMLO condemns U.S. blockade of Cuba as ‘genocide’ and ‘tremendous violation of human rights’
Mexico’s left-wing President Andrés Manuel López Obrador (AMLO) denounced the illegal U.S. blockade of Cuba as a “type of genocide” and “tremendous violation of human rights.”
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U.S. govt’s Summit of the Americas fails: Boycott by presidents of Mexico, Bolivia, Honduras, Guatemala
As the U.S. government’s Summit of the Americas opens in Los Angeles, California, the presidents of Mexico, Bolivia, Honduras, and Guatemala have refused to attend, protesting the exclusion of Cuba, Venezuela, and Nicaragua.
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U.S. wants to surround China with missiles–but can’t find Asian country to host them
The United States plans to spend billions of dollars to surround China with missiles. But a US military-sponsored study concluded its Pacific allies South Korea, Japan, the Philippines, Thailand, and Australia are unlikely to host the offensive weapons.
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U.S. Federal Reserve says its goal is ‘to get wages down’
U.S. Federal Reserve chairman Jerome Powell said his goal is “to get wages down,” complaining workers have too much power in the labor market. Economist Michael Hudson says this is “junk economics,” and corporate monopolies are driving inflation, not wages.
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Economist Michael Hudson on decline of dollar, sanctions war, imperialism, financial parasitism
Economist Michael Hudson discusses the decline of the U.S. dollar, the sanctions war on Russia, his concept of “free-trade imperialism,” and financial parasitism.
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U.S. gov’t creates ‘Ministry of Truth’ run by cold warrior who smears independent media as ‘Russian disinformation’
The authoritarian Department of Homeland Security (DHS) that oversaw the War on Terror created a “Disinformation Governance Board,” led by anti-Russia information warrior Nina Jankowicz, who ran regime-change ops at a CIA front, smears independent anti-war U.S. media outlets as “Russian disinfo,” and called WikiLeaks “scum.”
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New York Times’ ridiculous attack on me exposes its deceitful propaganda tactics
The New York Times printed absurd claims about Multipolarista editor Benjamin Norton in a smear piece, using an image of his face crossed out by a red line, without giving him an opportunity to comment. This hatchet job reflects the newspaper’s long history of spreading false war propaganda for the U.S. government.
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Washington Post calls for censoring Chinese media, praises purge of Russian outlets
The Washington Post–owned by billionaire oligarch Jeff Bezos, who has CIA and Pentagon contracts–has called for censoring Chinese news outlets on social media, while praising Silicon Valley for purging Russian publications.
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NATO admits it wants ‘Ukrainians to keep dying’ to bleed Russia, not peace
NATO sees Ukrainians as mere cannon fodder in its imperial proxy war on Russia.
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Venezuela’s economy will grow 20% in 2022, despite illegal U.S. sanctions, predicts Western bank
Major Switzerland-based bank Credit Suisse forecasts Venezuela’s real GDP growth to be 20% in 2022 and 8% in 2023. This is despite an illegal U.S. blockade, which starved the government of 99% of its revenue, according to the top UN expert on sanctions.
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Ukraine is brutally repressing the left, criminalizing socialist parties, imprisoning activists
Ukraine’s Western-backed government has criminalized socialist political parties, while its Nazi-infiltrated intelligence agencies are hunting down leftists, accusing them of being too soft on Russia. This comes after Kiev gave state honors to WWII-era Ukrainian fascists who collaborated with Hitler.
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USA CIA veteran hosting anti-China ‘Uyghur diaspora’ podcast funded by U.S. government
The “WEghur Stories” podcast claims to speak on behalf of “the Uyghur diaspora,” and uses intersectional feminist rhetoric to demonize China. But it’s co-created and hosted by an ex CIA agent, with funding from the U.S. embassy in France.
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China launches Global South Economic Alliance to challenge U.S. ‘unilateralism’ and ‘Cold-War mentality’
China is leading an international effort to develop alliances to counter U.S. hegemony.
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Debunking myths about Nicaragua’s 2021 elections, under attack by USA/EU/OAS
The U.S., EU, and OAS are launching a new coup attempt against Nicaragua’s Sandinista government, refusing to recognize its 2021 elections. The Grayzone observed the vote on the ground, and dispels myths aimed at discrediting the process.
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Super Imperialism: The economic strategy of American empire with economist Michael Hudson
Economist Michael Hudson discusses the update of his book Super Imperialism: The Economic Strategy of American Empire and the financial motivations behind the U.S. new cold war on China and Russia.
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Behind NATO’s ‘cognitive warfare’: ‘Battle for your brain’ waged by Western militaries
Western governments in the NATO military alliance are developing tactics of “cognitive warfare,” using the supposed threats of China and Russia to justify waging a “battle for your brain” in the “human domain,” to “make everyone a weapon.”