The End of Money and the Future of Civilization

It’s too late for anyone to pretend that the U.S. government, whether under President Barack Obama or anyone else, can divert our nation from long-term economic decline. The U.S. is increasingly in a state of political, economic, and moral paralysis, caught as it were between the “rock” of protracted recession and the “hard place” of terminal government debt. Continue reading

MSM: Let banks fail, says Nobel economist Joseph Stiglitz

The Government should allow every distressed bank to go bankrupt and set up a fresh banking system under temporary state control rather than cripple the country by propping up a corrupt edifice, according to Joseph Stiglitz, the Nobel Prize-winning economist. Continue reading

Report Concludes Recession Began A Year Ago

But the White House and the corporate media consistently continued to state otherwise

A new report by the National Bureau of Economic Research has concluded that the US economy slipped into recession in December 2007, a full year ago. Continue reading

Russian President Medvedev: Global Economy Pays for American Blunders

“We are paying for others’ – primarily American – blunders.” This is how the President of Russia, Dmitry Medvedev, assesses the state of affairs in the global economy. Medvedev was speaking at a news conference in the Armenian capital Yerevan. Continue reading