Obama – President Of Special Interests – Paul Craig Roberts

The Bush/Obama bailout/stimulus plans are not going to work. Both are schemes hatched by a clique of financial insiders. The schemes will redistribute income and wealth from American taxpayers to the shyster banksters, who have destroyed American jobs, ruined the retirement plans of tens of millions of Americans, and worsened the situation of millions of people worldwide who naively trusted American financial institutions. The ongoing theft has simply been recast. Instead of using fraudulent financial instruments, the banksters are using government policy. Continue reading

Germany-1933 vs Israel- 2009

Editor’s note: The rise of the rightwing in Israel through the recent Knesset elections that was preceded by the bloody war on Gaza, that left more than 1,300 dead most of them are women and children, has aroused a lot of criticism among Palestinians. Khalid Amayreh opines about the rise of Lieberman. Continue reading

MSM: U.S. Economy- Factory Output, Housing Starts Plunge

Manufacturing and housing in the U.S. collapsed in January, government reports showed, as the Obama administration unveiled new proposals to stem what may become the worst recession in the postwar era. Continue reading

Film: The World According To Monsanto

The gigantic bio-tech corporation Monsanto is threatening to destroy the agricultural biodiversity which has served mankind for thousands of years. Continue reading

Famed Social Sciences Author Jared Diamond Predicts 49 Percent Chance of Civilization Collapse

Jared Diamond is no doom-and-gloomer; he’s a Pulitzer Prize winning author of thoughtful, carefully researched books about the rise and fall of societies. Diamond is best known for Collapse: How Societies Choose to Fail or Succeed (http://www.amazon.com/Collapse-Soci…) and Guns, Germs, and Steel: The Fates of Human Societies (http://www.amazon.com/Guns-Germs-St…), both of which are among my top-recommended books of all time. Continue reading

MSM: Greenspan backs bank nationalisation

The US government may have to nationalize some banks on a temporary basis to fix the financial system and restore the flow of credit, Alan Greenspan, the former Federal Reserve chairman, has told the Financial Times. Continue reading

MSM: One in five California public workers to be fired as Arnold Schwarzenegger cuts deep

The state of California was yesterday set to fire 20,000 public employees as it teetered on the brink of a total financial collapse. Continue reading

Greenspan says recession will be ‘longest and deepest’ since ’30s

The maestro was wrong.

Eight months after he predicted the worst was over and the threat of recession receding, former Federal Reserve chairman Alan Greenspan said the current global recession will “surely be the longest and deepest” since the 1930s. Continue reading

Next Wave of Banking Crisis to come from Eastern Europe

European banks face an entirely new wave of losses in coming months not yet calculated in any government bank rescue aid to date. Unlike the losses of US banks which derive initially from their exposures to low-quality sub-prime real estate and other securitized lending, the problems of western European banks, most especially in Austria, Sweden and perhaps Switzerland arise from the massive volumes of loans they made during the 2002-2007 period of extreme low international interest rates to clients in eastern European countries. Continue reading

The Environmental Food Crisis: A Crisis of Waste

Over half of the food produced globally is lost, wasted or discarded as a result of inefficiency in the human-managed food chain, finds a new study by the United Nations Environment Program released today. Continue reading