What is really happening with all our money? How can the People really understand all that is happening with all of this “money” and where it ends up? From Bernard Madoff, to the Iraq reconstruction and Army charity scams, hundreds of billions are missing. I won’t even get into the economic stimulus bills, where Members of Congress are only allowed 48 hours to read a 1,000+ page bill, with hand written notes along its sides. Why are these bills passed under immense pressure, threats even? Well…let’s take just one example. Continue reading
This is a story to keep an eye on. This will not be over soon. And it could take the Constitution down quicker than two Bushes and a Cheney. Continue reading
When it comes to economics, many Americans need an education, and if not, at least an explanation of current problems, trends, and just plain what’s going on.
Christine Bowman writes a comprehensive pre-State of the Union Analysis of what’s going on, what Americans are thinking, but perhaps are afraid to ask, namely, “Will someone please just tell us what happened, what’s coming, and what we have to do now?” She says the President would not have to be the Econ Professor in Chief if the Business Media had done a decent job, but it seems to her that only Paul Krugman has been trying to describe today’s problems in real terms. Continue reading
This conclusion has been made by the United Nations (UN). Continue reading
Santelli, a former Chicago trader and financial executive, talks about President Barack Obama’s economic bailout plans, in particular Obama’s plan for the government to subsidize millions of people’s mortgages. Santelli talks about how he feels Obama’s plans go against what America represents. Continue reading
“Imperialism the Highest Stage of Capitalism”
Lenin enumerated the following five features characteristic of the epoch of imperialism: Continue reading
The American economy has gone away. It is not coming back until free trade myths are buried six feet under.
America’s 20th century economic success was based on two things. Free trade was not one of them. America’s economic success was based on protectionism, which was ensured by the union victory in the Civil War, and on British indebtedness, which destroyed the British pound as world reserve currency. Following World War II, the US dollar took the role as reserve currency, a privilege that allows the US to pay its international bills in its own currency. Continue reading
Home prices in 20 U.S. cities declined 18.5 percent in December from a year earlier, the fastest drop on record, as foreclosures climbed and sales sank. Continue reading
Our greatest founding father and first president, George Washington, probably wouldn’t be ready to celebrate his birthday on Feb. 22 if he were alive today. Having led the 13 colonies to independence from the British Empire in 1783, following the course of a difficult eight-year struggle by those freedom-loving American colonists who followed him, Washington (who lived from 1732 to 1799) would most assuredly be appalled to see that the liberties achieved from the American Revolution are now being flagrantly defied by a number of figures who populate the upper ranks of the administration of Barack Obama. Continue reading
William Isaac – the former head of the FDIC – nationalized Continental Illinois Bank, then the seventh-biggest bank in the U.S.
The Continental nationalization went very well. So you would assume that Isaac would be pro-nationalization, right? Continue reading
It looks like those who said the Obama Administration would strike while the iron is hot may have been correct, and the Administration may be doing it in a way that does not require them to even get a vote in Congress. In this morning’s edition of the Shooting Wire, Jim Shepherd writes that Canadian officials have it on “good authority” our State Department may be on the verge of cutting off all imports of certain calibers of ammunition. Continue reading
White phosphorus bombs used by Israeli forces in the Gaza Strip were produced and supplied by American arms manufacturers, according to an Amnesty International report that called for a comprehensive arms embargo on Israel. Continue reading
An Investigation into 9/11, has one central thesis – that the official version of the events surrounding the attacks on 9/11 can not be true. This brand new feature documentary from Italian production company Telemaco explores the latest scientific evidence and reveals dramatic new witness testimony, which directly conflicts with the US Government’s account.
Featuring presentations from intellectual heavy weights; Gore Vidal, and Nobel Prize winner Dario Fo, the film challenges assumptions surrounding the attacks. In the words of the Italian daily newspaper, Il Corriere de da Sera, “What results is a sequence of contradictions, gaps, and omissions of stunning gravity.” Continue reading
If California Assemblyman Tom Ammiano has his way, the Golden State might become known as the Green State to pot smokers around the country. Continue reading
World governments have agreed to crack down on mercury pollution. Continue reading
Now-famous Chicago exchange floor reporter says state intervention in banking system is a drag on taxpayer money. Continue reading
The directors of the Chinese Communist Party’s (CCP) some 3,000 county level Public Security Bureaus are set to go through a training course on quashing mass dissent. Continue reading
Much hay was made late last week over the allegation that the Iranian government had underreported the amount of uranium it had enriched through November. The White House accused Iran of reneging on its international obligations, and called the nation an “urgent problem that has to be addressed.” Continue reading
Film investigates theory’s on pearl harbor and possible conspiracy(s) there has been much debate as to how and why the United States had been caught unaware, and how much and when American officials knew of Japanese plans and related topics. Some argue that various parties knew of the attack in advance and may even have let it happen or encouraged it in order to force America into war. Continue reading
A recent scientific study carried out by Navdanya, compared the soil of fields where Bt-cotton had been planted for 3 years with adjoining fields with non GMO cotton or other crops. The region covered included Nagpur, Amravati and Wardha of Vidharbha which accounts for highest GMO cotton planting in India, and the highest rate of farmers suicides (4000 per year). Continue reading
Anthony H. Cordesman, a leading military analyst from the Center for Strategic and International Studies, has published a “strategic analysis” of the Gaza massacre.(1) He reaches the remarkable conclusion that “Israel did not violate the laws of war.” The report is based on “briefings in Israeli [sic] during and immediately after the fighting made possible by a visit sponsored by Project Interchange, and using day-to-day reporting issued by the Israeli Defense Spokesman.” Cordesman omits mention that Project Interchange is funded by the American Jewish Committee. Continue reading
The following article was first written in 1998. I am relinking it here not so much as to say “I told you so”, but to point out that the long term economic future of the United States was obvious, or should have been obvious, to the people who are awarded lofty degrees and paid huge salaries to comprehend such things. Instead, the economists persisted in explaining away the visible signs of gathering troubles and earned their salaries by justifying why the policies that robbed the poor to give to the rich should continue unabated. Continue reading
Increasing the European Parliament’s powers won’t solve EU’s democratic deficit, since the bloc’s legislature does not represent any nation and allows for no political alternatives opposed to EU integration, Czech President Vaclav Klaus told MEPs on Thursday Continue reading
EU’s judicial cooperation agency Eurojust will take the lead in finding ways to help police and prosecutors across Europe to wiretap computer-to-computer phone conversations enabled by programs such as Skype. Continue reading
Listening to neoconservative mastermind Richard Perle at the Nixon Center yesterday, there was a sense of falling down the rabbit hole. Continue reading
Children have been used as ‘lab rats’ in GM rice trials that were carried out in breach of ethics rules drawn up in response to the medical crimes of Nazi Germany, it is claimed. Continue reading