In Operation Vigilant Guard, a Prison Planet.tv exclusive, Infowars.com reporters and filmmakers Rob Dew and Jason Douglass venture to Chicago, Illinois, to document the militarization of domestic response during disasters and terrorist events in the United States.
It is not simply the U.S. military — specifically the National Guard federalized under the John Warner National Defense Authorization Act — and Homeland Security along with local police participating in exercises held state-wide in Illinois, but the Polish and Latvian military as well. Continue reading →
Europe’s small, debt-strapped countries could follow the lead of Argentina and simply walk away from their debts. That would shift the burden to the creditor countries, which could solve the problem merely by a change in accounting rules.
Total financial collapse, once a problem only for developing countries, has now come to Europe. The International Monetary Fund is imposing its “austerity measures” on the outer circle of the European Union, with Greece, Iceland and Latvia the hardest hit. But these are not your ordinary third world debtor supplicants. Historically, the Vikings of Iceland repeatedly repulsed British invaders; Latvian tribes repulsed even the Vikings; and the Greeks conquered the whole Persian empire. If anyone can stand up to the IMF, these stalwart European warriors can. Continue reading →
(Forbes) – Right now California’s economy is moribund, and the prospects for a quick turnaround are not good. Unable to pay its bills, the state is issuing IOUs; its once strong credit rating has collapsed. Continue reading →
The financial “wealth creation” game is over. Economies emerged from World War II relatively free of debt, but the 60-year global run-up has run its course. Finance capitalism is in a state of collapse, and marginal palliatives cannot revive it. The U.S. economy cannot “inflate its way out of debt,” because this would collapse the dollar and end its dreams of global empire by forcing foreign countries to go their own way. There is too little manufacturing to make the economy more “competitive,” given its high housing costs, transportation, debt and tax overhead. Continue reading →
Eastern Europe is about to blow. If it does, it could take much of the EU with it. It’s an emergency situation but there are no easy solutions. The IMF doesn’t have the resources for a bailout of this size and the recession is spreading faster than relief efforts can be organized. Finance ministers and central bankers are running in circles trying to put out one fire after another. Its only a matter of time before they are overtaken by events. If one country is allowed to default, the dominoes could begin to tumble through the whole region. This could trigger dramatic changes in the political landscape. The rise of fascism is no longer out of the question. Continue reading →
The presidents of Russia and Turkey signed a joint declaration in Moscow yesterday aimed at deepening friendly relations and improving multidimensional cooperation between the two countries, with the Russian side defining the declaration as a “strategic document.” Continue reading →
The daily bleeding of thousands of jobs will soon turn our economic crisis into a political crisis. The street protests, strikes and riots that have rattled France, Turkey, Greece, Ukraine, Russia, Latvia, Lithuania, Bulgaria and Iceland will descend on us. It is only a matter of time. And not much time. When things start to go sour, when Barack Obama is exposed as a mortal waving a sword at a tidal wave, the United States could plunge into a long period of precarious social instability.
From Third World War To the Istanbul Cooperation Initiative
The NATO summit held in the Turkish city of Istanbul on June 28-29, 2004 was nothing less than epochal in terms of its geopolitical repercussions, where several historical thresholds were crossed and post-World War II international taboos violated. Continue reading →
Watching the crowds in Iceland banging pots and pans until their government fell reminded me of a chant popular in anti-capitalist circles in 2002: “You are Enron. We are Argentina.”
Its message was simple enough. You–politicians and CEOs huddled at some trade summit–are like the reckless scamming execs at Enron (of course, we didn’t know the half of it). We–the rabble outside–are like the people of Argentina, who, in the midst of an economic crisis eerily similar to our own, took to the street banging pots and Continue reading →
Explosive anger is spilling out onto the streets of Europe. The meltdown of the global economy is igniting massive social unrest in a region that has long been a symbol of political stability and social cohesion.
It’s not a new trend: A wave of upheaval is spreading from the poorer countries on the periphery of the global economy to the prosperous core. Continue reading →
2009 heralds the start of a “new age of rebellion” according to an editorial in the highly influential London Times newspaper, and the year in which masses of people will take to the streets to riot in response to drastically falling standards of living.
Events are moving fast in Europe. The worst riots since the fall of Communism have swept the Baltics and the south Balkans. An incipient crisis is taking shape in the Club Med bond markets. S&P has cut Greek debt to near junk. Spanish, Portuguese, and Irish bonds are on negative watch. Continue reading →