(C4L) – There is overwhelming agreement among economists that the Second World War was responsible for decisively ending the Great Depression. When asked why the wars in Iran and Afghanistan are failing to make the same impact today, they often claim that the current conflicts are simply too small to be economically significant.
There is, of course, much irony here. No one argues that World War II, with its genocide, tens of millions of combatant casualties, and wholesale destruction of cities and regions, was good for humanity. But the improved American economy of the late 1940s seems to illustrate the benefits of large-scale government stimulus. This conundrum may be causing some to wonder how we could capture the good without the bad.
If one believes that government spending can create economic growth, then the answer should be simple: let’s have a huge pretend war that rivals the Second World War in size. However, this time, let’s not kill anyone. Continue reading →
(MakeItEightEh?) – At 84, it seemed odd that Queen Elizabeth II made a special trip to New York to pay respect to the 9/11 victims, and in addressing the U.N. assembly claimed, “the waging of peace is the hardest form of leadership of all.” We don’t usually hear the term, “waging of” followed by anything other than “war”. So, in this case, it was indeed an odd twist.
But, the comment is actually in keeping with the intent of the globalist leaders that, according to Queen Elizabeth II, must wage peace to address the issues of “terrorism” and “climate change”. The Bilderberg Group must have been comforted to get the support of the Queen of England. And, it would seem, the Bilderberg influence has shaped U.S. military efforts over the past while as well. The “waging of peace” has support by those responsible to sell the concept to the American people and the world. Continue reading →
(TheCleaver) – Since the end of World War II, the United Kingdom has steadily and perceptibly regressed into a psychotic quagmire of officialdom. This has been implemented according to an explicit strategy to remove the personal privacy, self empowerment and spiritual alignment from the people of Britain. The current subjects of the German Dynastic elites known as The House Of Saxe-Coburg And Gotha (renamed The Windsors in 1917 for public relations reasons), are seeing a rapid regression to the in-your-face serfdom that was previously believed to have been consigned to the dark days of the 17th century. Or so it would seem. Continue reading →
(CagePrisoners) – Murders at Guantánamo: The Cover-Up Continues
Sometimes the truth is so sickening that no one in a position of authority — senior government officials, lawmakers, the mainstream media — wants to go anywhere near it. Read More Here
(StrategicCultureFoundation) – Iran and the Balkans: Russia Risks Making the Same Mistakes
UN Security Council Resolution Slapping Sanctions on Iran: Defeat for Russian Diplomacy Read More Here
(CounterPunch) – Obama’s Doublespeak on Iran – Extending Hands or Clenching Fists? – Read More Here
(PressTV) – 50 ships may join Freedom Flotilla II
The next Freedom Flotilla will be much bigger than the first one, the head of a non-governmental organization says.
Yasser Qashlaq, the director of the Free Palestine Movement, said on Thursday that up to 50 ships could join the Freedom Flotilla II, the International Middle East Media Center reported. Read More Here
(FutureOfFreedomFoundation) – Terrorism: Made in the U.S.A. – Sheldon Richman
It’s a perilous world, as our so-called leaders love to remind us. And for a change they’re right. It is a perilous world. But guess who is most responsible for the peril to Americans? Those very same “leaders” and a long line of predecessors.
Moreover, they — along with anyone else who takes time to examine the matter — know that they create the greatest dangers Americans face. They just don’t care. They have bigger fish to fry than keeping Americans safe. Besides, the dangers they create provide excuses for more power. Read More Here
As Israel ordered a slight easing of its blockade of the Gaza Strip Wednesday, McClatchy obtained an Israeli government document that describes the blockade not as a security measure but as “economic warfare” against the Islamist group Hamas, which rules the Palestinian territory. Read More Here
(LondonTimes) – Saudi Arabia gives Israel clear skies to attack Iranian nuclear sites
Saudi Arabia has conducted tests to stand down its air defences to enable Israeli jets to make a bombing raid on Iran’s nuclear facilities, The Times can reveal. Read More Here
(YahooTechTicker) – REMEMBER: In 1930, They Didn’t Know It Was “The Great Depression” Yet
In the past year, we’ve written a lot about the similarity between the rally of early 1930 and the one we had through April of this year.
The early 1930 rally came after the market had fallen nearly 50% in the fall of 1929. The spring 1930 rally took the market up nearly 50% again, to a level that was only about 20% below the previous peak.
That rally, of course, was also the biggest sucker’s rally in history. After the market peaked in April 1930, it crashed again, eventually ending up down 89% from the 1929 high and more than 80% from the 1930 high. The market did not reach the 1930 high again for another quarter of a century. Read More Here
(HuffingtonPost) – Long-Term Unemployed Now 46 Percent Of Unemployed, Highest Percentage On Record
The proportion of people jobless for six months or more has accelerated in the past year and now makes up 46 percent of the unemployed. That’s the highest percentage on records dating to 1948. By late summer or early fall, they are expected to make up half of all jobless Americans. Read More Here
(InfoClearingHouse) – Europe Chooses Depression – Mike Whitney
Forget about a smooth recovery. Finance ministers and central bank governors of the G-20, met this weekend in Busan, South Korea and decided to abandon “tried and true” expansionary fiscal policies for their own strange brew of belt-tightening policies and austerity measures. Read More Here
(EuroPacificCapital) – Key Indicators of a New Depression
With the mainstream media focusing on the country’s leveling unemployment rate, improving retail sales, and nascent housing recovery, one might think that the US government has successfully navigated the economy through recession and growth has returned. But I will argue that a look under the proverbial hood reveals a very different picture. I believe the data shows that the US economy is badly damaged, and a modern-day depression has begun. In fact, just as World War I was originally called The Great War (and was retroactively renamed after World War II), Peter Schiff has said that one day the world will refer to the 1929-41 era as Great Depression I, and the current period as Great Depression II. Read More Here
(Bloomberg) – U.S.’s $13 Trillion Debt Poised to Overtake GDP: Chart of Day – Read More Here
(AP) – Financial crisis panel subpoenas Goldman
A panel probing the causes of the financial meltdown has issued a subpoena for documents from Goldman Sachs Group Inc., accusing the firm of stonewalling an investigation. Read More Here
(PaulWatson) – Investment Banker: It’s Going To Get Nasty – Buy Land, Barbed Wire And Guns
A top investment banker has warned that the economic fallout of the sovereign debt crisis could get so nasty over the next five years that people would be wise to abandon the markets and instead buy land, barbed wire and guns.
With gold smashing through its all time record high this morning on the back of fears over a double dip recession, analysts are turning increasingly bearish on the markets. Anthony Fry, senior managing director at Evercore Partners, told CNBC that the bond markets could turn nasty over the next few months and said that the current problems created by the European debt crisis could be with us for at least five years. Continue reading →
(PoliticalTheatrics) – New research in the journal American Behavioral Scientist (Sage publications, February 2010) addresses the concept of “State Crimes Against Democracy” (SCAD). Professor Lance deHaven-Smith from Florida State University writes that SCADs involve highlevel government officials, often in combination with private interests, that engage in covert activities for political advantages and power. Proven SCADs since World War II include McCarthyism (fabrication of evidence of a communist infiltration), Gulf of Tonkin Resolution (President Johnson and Robert McNamara falsely claimed North Vietnam attacked a US ship), burglary of the office of Daniel Ellsberg’s psychiatrist in effort to discredit Ellsberg, the Watergate break-in, Iran-Contra, Florida’s 2000 Election (felon disenfranchisement program), and fixed intelligence on WMDs to justify the Iraq War.1 Continue reading →
American history has been dominated by war; so, too, may the American future be.
The war in Afghanistan feels foreign to Americans: a far distant land, a confusing and alien culture, and combat against a shadowy enemy. That feeling is mistaken. America has spent much of its history fighting wars like the one in Afghanistan. So much so, in fact, that Afghanistan would be familiar to an American in 1900, and conventional wars such as World War II would seem strange. Continue reading →
American historian, playwright and social activist Howard Zinn died January 27, 2010, aged 87. His light will shine bright into the far off future. A new socially just world will owe a great debt to Howard and others like him who gave so much of themselves for us. — ZNet Staff
Below is an excerpt from his recent book A Power Governments Cannot Suppress published by City Lights Books, www.citylights.com. At the bottom of this commentary are links to various ZNet obituaries remembering Howard. Continue reading →
(StephenLendman) – In late 2009, former Merrill Lynch economist, now with the Canadian firm, Gluskin Sheff, said the following: “The credit collapse and the accompanying deflation and overcapacity are going to drive the economy and financial markets in 2010. We have said this repeatedly that this recession is really a depression because the (post-WW II) recessions were merely small backward steps in an inventory cycle but in the context of expanding credit. Whereas now, we are in a prolonged period of credit contraction, especially as it relates to households and small businesses.”Continue reading →
THE Nationals Senate leader Barnaby Joyce is openly canvassing an economic upheaval that would dwarf the current global financial crisis, triggered by the US defaulting on its sovereign debt within the next few years. Continue reading →
Introduction: In the face of total global economic collapse, the prospects of a massive international war are increasing. Historically, periods of imperial decline and economic crisis are marked by increased international violence and war. The decline of the great European empires was marked by World War I and World War II, with the Great Depression taking place in the intermediary period. Continue reading →
This past week there has been a lot of discussion and debate on the continuing war in Afghanistan. Lasting twice as long as World War II and with no end in sight, the war in Afghanistan has been one of the longest conflicts in which our country has ever been involved. The situation has only gotten worse with recent escalations. Continue reading →
(Breitbart) – World unemployment will not peak for at least another eight to 12 months at least as the economic recovery takes root, the head of the International Monetary Fund said on Monday. Continue reading →
Faced with the uncomfortable and politically unacceptable reality that there exists no evidence that Iran is pursuing a nuclear weapon, confirmed by his own intelligence community, President Obama has taken a page from the book of his predecessors FDR, LBJ, GWB, and so on: he simply made something really scary-sounding up to justify his push toward war. Continue reading →
(Bloomberg) – The dollar’s role in international trade should be reduced by establishing a new currency to protect emerging markets from the “confidence game” of financial speculation, the United Nations said. Continue reading →
(C4L) – In the wake of the panic of 2008, finger pointing has become fashionable. According to some left-wing elements in the chattering classes, the free-market, entrepreneurial capitalist system caused the economic crisis. Continue reading →
Deputy Secretary of Defense Paul Wolfowitz predicted in 2003 that the cost of the Iraq war would be covered by Iraqi oil revenue, which would also pay for reconstruction. The Iraq war has in fact cost the United States more than $900 billion, including more than $145 billion US and Iraqi dollars for rebuilding and local contracting to support US forces. Six years of reconstruction has been a failure, with most projects unfinished or so poorly built that they have been abandoned. Continue reading →
“All tyranny needs to gain a foothold is for people of good conscience to remain silent.” – Thomas Jefferson
Did you know that the United States Army National Guard has been advertising job openings for “Internment Specialists?” Who would we be rounding up for internment, anyway? The United States hasn’t done that openly since Asian-Americans were forced into relocation camps during the World War II era. Continue reading →
The notion of a static, unchanging climate is foreign to the history of the earth or any other planet with a fluid envelope. The fact that the developed world went into hysterics over changes in global mean temperature anomaly of a few tenths of a degree will astound future generations. Such hysteria simply represents the scientific illiteracy of much of the public, the susceptibility of the public to the substitution of repetition for truth, and the exploitation of these weaknesses by politicians, environmental promoters, and, after 20 years of media drum beating, many others as well. Continue reading →
What if history happened differently, the facts are the same but the people and places are different. Picture it…let me take you on a trip, a trip back in time. The names and groups I have used are only to show a point, in no way, shape or form do these groups actually have plans or beliefs that mirror image this written piece. Continue reading →
Yes, I still am on sabbatical, but I just had to interrupt my sojourn with the following observations, which simply cannot wait. Allow me to skip my normal sarcasm and vitriol and simply cut to the chase: Continue reading →
(NYTimes) – A pair of nuclear-powered Russian attack submarines has been patrolling off the eastern seaboard of the United States in recent days, a rare mission that has raised concerns inside the Pentagon and intelligence agencies about a more assertive stance by the Russian military. Continue reading →
“The decline of Rome was the natural and inevitable effect of immoderate greatness. Prosperity ripened the principle of decay; the causes of destruction multiplied with the extent of conquest; and as soon as time or accident had removed the artificial supports, the stupendous fabric yielded to the pressure of its own weight.”
Edward Gibbon The Decline and Fall of the Roman Empire Continue reading →
(Times) – Al Gore invoked the spirit of Winston Churchill today by encouraging political leaders to follow the example of Britain’s wartime leader and unite their nations to fight climate change. Continue reading →
A political-economic oligarchy has taken over the United States of America. This oligarchy has institutionalized a body of law that protects businesses at the expense of not only the common people but the nation itself. Continue reading →
(USNews) – It’s not enough to prosecute these murders as murders. They are hate-motivated crimes and each of these men had been under some sort of police surveillance prior to their actions. Isn’t it time we started rounding up promoters of hate before they kill? Continue reading →
(NaturalNews) – Today an FDA advisory panel approved the prescribing of powerful mind-altering chemicals for children. Seroquel, Zyprexa and Goedon have now been approved by the advisory panel to be prescribed to children as young as 10 years old to treat a fictitious disease invented by psychiatrists and given the name “bipolar disorder.” (There is no such thing as a bipolar disorder disease. It is merely a name assigned to children demonstrating the predictable side effects of correctable dietary imbalances.) Continue reading →