Amidst the hand-wringing of the automaker bailout debate, Ron Paul took the opportunity on the House floor yesterday to remind Congress that the real culprit behind the financial crisis is the Federal Reserve, and that allowing the Fed to continue to print money without audit will only prolong the pain. Continue reading
As has mentioned several times on-air, this is a very disturbing development: the National Guard is being assimilated into the “Total Force” of the US military. As with many other issues, the government and military directives and memos are couched in the typical flowery language that is written in a code that few outsiders understand. Once one reads enough internal documents the code becomes clear. Understanding the code words and language helps to clarify what is actually being recommended and is occurring right in front of our eyes. It utilizes the often-stated tenet that their anti-freedom measures are “best hidden in plain sight.” Continue reading
Military-Industrial Complex and Impacts on the Third World Written by Aziz Choudry, GATT Watchdog Tuesday, 25 November 2008 16:57 Military-Industrial Complex and Impacts on the Third World We live and struggle in an era of blatantly militarized capitalism and the violence of capital. War, occupation, national security ideologies and repression of dissent –at home and abroad – make for booming business opportunities the world over. As pro-free market US journalist Thomas Friedman succinctly put it: “The hidden hand of the market will never work without a hidden fist – McDonald’s cannot flourish without McDonnell Douglas, the builder of the F-15. And the hidden fist that keeps the world safe for Silicon Valley’s technologies is called the United States Army, Air Force and Marine Corps.”2
Rio Tinto, the Anglo-Australian mining giant, today announced that it will cut 14,000 jobs in an attempt to reduce its $39 billion (£26.2 billion) debt mountain.
The company, which recently fought off a long-running takeover battle with rival BHP Billiton, said it was introducing the measures “in response to the unprecedented rapidity and severity of the global economic downturn.”
In total, 8,500 contractors and 5,500 full-time staff will lose their jobs in the cull. The company’s City of London headquarters will be shut and senior executives will move to another office in the capital. Continue reading
Dec. 10 (Bloomberg) — The biggest slump in U.S. consumer spending since 1942 will extend the recession and push the jobless rate to the highest level in a quarter century, according to economists surveyed by Bloomberg News.
Household spending will drop 1 percent in 2009, the biggest decline since after the attack on Pearl Harbor, according to the median estimate of 51 economists surveyed Dec. 4 through Dec. 9. By the middle of next year, the economy will have shrunk for a record four consecutive quarters, the survey showed. Continue reading
At the end of 2008, there are three consumer marketplaces that are experiencing record sales volumes—firearms, precious metals, and emergency storage food. Crisis preparedness is increasingly the theme for those seeking a refuge for their money and comfort from their concerns.
Minneapolis (Vocus/PRWEB ) December 6, 2008 – Gun dealers all over the United States are having a hard time keeping any inventory on hand for anxious customers. Reports are that guns and ammunition are selling at levels up to 50% higher than previous records. Continue reading