Call To The People Of The World To Support Iceland

Against The Financial Blackmail Of The
British And Dutch Governments And The IMF
By Birgitta Jonsdottir
1-6-10
Note – Birgitta Jonsdottir is the leader of The Movement, a group within the Icelandic Parliament which has emerged from the mass struggle of Icelanders against the financial blackmail brought to [...]



 POUND TO FALL BELOW EURO

Wednesday January 6,2010
Daily Express Reporter

BRITAIN faces a “probable’’ sterling crisis before the general election, with economists predicting the value of the pound will fall below the euro.
It would be triggered if Labour dramatically narrowed the Tories’ poll lead. This would spark market concern that Britain would not get a new government committed to tackling [...]



 Deglobalization-The surprisingly steep decline in world trade

By Daniel Gross
Posted Friday, Dec. 11, 2009, at 12:17 PM ET
In November, I met with an executive at one of China’s new private equity firms. He talked up the firm’s investments in energy software and mobile communications. But companies that export? He wouldn’t touch them.
The fact that China’s smart money is now looking inward and [...]



 Economic Crisis Hits States and Municipalities

By Rick Wolff
Global Research, November 3, 2009
Socialist Project – 2009-11-02
Crises expose the system’s irrationalities and wasteful resource allocations. For example, Madoff and his many, smaller imitators reveal the tips of corruption icebergs. More important, the crisis-induced fiscal emergencies looming in most of the 50 states demonstrate several absurdities in our economic system.
The Center on Budget [...]



 Problems With Big Government – Part 2 of 2

by FranG
WizardofOswald.com
October 25th, 2009
Money
Perhaps the most important function of the State is that of economics and commerce. It can be argued that this need of the people is even greater than the need for security. For people can protect themselves from immediate threats more easily than they can engage in trade with their neighbors. [...]



 Are You Ready for the Next Crisis?

By Paul Craig Roberts
October 26, 2009 “Information Clearing House” — Evidence that the US is a failed state is piling up faster than I can record it.
One conclusive hallmark of a failed state is that the crooks are inside the government, using government to protect and to advance their private interests.

Part 2

Another conclusive hallmark is [...]



 Latin America fights Western influence, launches own international bank

Sunday, September 27th, 2009
In a bid to diminish the power of the US-dominated IMF and counterbalance the influence of Western investors, seven Latin American countries have agreed to form a “Bank of the South.”
Seven South American leaders — representing Argentina, Bolivia, Brazil, Ecuador, Paraguay, Uruguay and Venezuela — signed an agreement to launch the [...]



 Liquidity to Keep the Financial System from Collapsing in a Heap

By Mike Whitney
Global Research, August 31, 2009
Ben Bernanke never should have been reappointed as Fed chairman. Obama made a big mistake. The main thing to remember about Bernanke is that, in the two years since the financial crisis began, he’s made no effort to force the large banks and financial institutions to write-down their losses. [...]



 Trying to Inflate Our Way Out of Debt Is Like a Monkey Trying To Outrun a Lion

Friday, August 28, 2009
Washington’s Blog

Commonly-accepted wisdom says that we can inflate our way out of our debt crisis.
Ben Bernanke and Paul Krugman apparently think we should force inflation on the economy. University of Oregon economics professor Tim Duy thinks the U.S. will ultimately try to inflate its way out of debt.
Warren Buffet says:
A country [...]



 Guess What? He’s a Terrible President

By DAVID MICHAEL GREEN
Both President Obama’s health care plan and his presidency are going down the toilet.
This is well, and right, and just as it should be.
Obama is turning out to be a disastrous president, wholly unsuited for the times and our national and global challenges, and his job approval ratings reflect this.
In Obama, we [...]



 Debt Revolt? Tax Strike? There are a Lot of Angry People Out There

By MARSHALL AUERBACK
No more free passes.  A number of the President’s supporters who expressed concerns about the pro-Wall Street tilt of his early administration decisions were prepared to give him the benefit of the doubt so long as he came through on health care. President Barack Obama’s statement over the weekend that the public option [...]



 Americans: Serfs Ruled by Oligarchs

By PAUL CRAIG ROBERTS
“In a little time [there will be] no middling sort.  We shall have a few, and but a very few Lords, and all the rest beggars.”  R.L. Bushman
“Rapidly you are dividing into two classes–extreme rich and extreme poor.”    “Brutus”
Americans think that they have “freedom and democracy” and that politicians are held [...]



 The Second Wave of The Depression: Hyperinflation is Likely

By Webster Tarpley
Global Research, August 17, 2009
The Rock Creek Free Press – 2009-07-15
The second wave of the world economic depression is coming soon. Larry Summers, the economics czar of the Wall Street puppet regime currently in power in Washington, recently confessed to the Financial Times in an unguarded moment: “I don’t think the worst is [...]



 America’s Warfare State: Lining the pockets of Pentagon contractors

By Sherwood Ross
Global Research, August 17, 2009
“On my last day in Iraq,” veteran McClatchy News correspondent Leila Fadel wrote August 9th, “as on my first day in Iraq, I couldn’t see what the United States and its allies had accomplished. …I couldn’t understand what thousands of American soldiers had died for and why hundreds of [...]



 The price of U.S. recession is paid in jobs

http://www.reuters.com/article/topNews/idUSTRE5720J120090803
Mon Aug 3, 2009 1:23am EDT
By Emily Kaiser
WASHINGTON (Reuters) – Long after President Barack Obama’s first term ends in 2013, millions of U.S. families will still be paying the price for the recession.
From auto workers in Detroit too old for retraining, to Hispanic migrants in Arizona with no homes to build, to new college graduates [...]



 Homeless “Tent City” in Harlem Ends in Arrests

Ben Case
NEW YORK, Aug 2 (IPS) – New York City police arrested 10 people who refused to leave a vacant lot in a demonstration for homeless people’s rights in East Harlem on Thursday. Early in the day, dozens of homeless people had occupied the lot, which is currently not being used, setting up [...]



 Searching For Enemies

http://www.counterpunch.org/kolko07312009.html
The Contours of Recent American Foreign Policy
By GABRIEL KOLKO
War, from preparation for it through to its aftermath, has defined both the essential nature of the major capitalist nations and their relative power since at least 1914. War became the major catalyst of change for revolutionary movements in Russia, China, and Vietnam. While wars [...]



 The Federal Reserve Knew that a Financial Crash was Coming

“Blowing Bubbles” and “Using Palliatives” which “Make Things Worse”
By Washington’s Blog

Global Research, August 2, 2009

washingtonsblog.com

BIS Slammed Federal Reserve and Other Central Banks for Blowing Bubbles and then “Using Gimmicks and Palliatives” which “Will Only Make Things Worse”
If you have any doubt that the Fed and other central banks should have known [...]



 Why Bernanke Is in Panic Mode

by Gary North
by Gary North
Recently by Gary North: Mass Layoffs: The Continuing Devastation

Bernanke [...]



 Media ignored 429-to-2 House rebuke of Obama

If former President George W. Bush had been rebuked by the House of Representatives—particularly when it was controlled by the President’s own party—by a margin of 429-to-2, it would have been the lead story on page A-1 in every newspaper in the country.