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World Depression: Regional Wars and the Decline of the US Empire

Introduction             All the idols of capitalism over the past three decades crashed.  The assumptions and presumptions, paradigm and prognosis of indefinite progress under liberal free market capitalism have been tested and have failed.  We are living the end of an entire epoch:  Experts everywhere witness the collapse of the US an...

Open Letter to Dick "Darth Vader" Cheney about the Economic-Financial Crisis and the PPIP (or PPIF), Please stop Johan Norberg right away!

Posted in Blogroll on March 26, 2009 by D-Train   Dear Dick, I write to you seeking some advice. I explain my problem. As you know we had a great time since the 80´s when Ronny took the White House...maybe do you remember all the fun we had with the guys, especially Milton, when we planned how to get out all those idiots and get theirs mon...

Do you thing that the Wall Street´s CEOs are so Happy as this guy

The Debt Binge:Consumer Debt Outstanding and Total US Debt and US Debt/World Equity ratio

Posted in Blogroll on March 28, 2009 by marcleon009   Total Credit Market Debt is Way High  This little chart from the Financial Times is, as it were, the master chart, the one that tells you just about everything you need to know about the debt problem. Total credit market debt as a percentage of GDP reached 350% in 2008, with financial, gov...

Open Letter to Dick "Darth Vader" Cheney about the Economic-Financial Crisis and the PPIP ( or PPIF)

« Just one month to Armageddon U.S. Economy: GDP Slumps 6.3% Before "Possible Turning Point' » Dear friend I write to you seeking some advice. I explain my problem. As you know we had a great time since the 80´s when Ronny took the White House...maybe do you remember all the fun we had with the guys, especially Milton, when we planned how to...

Open letter to "Georgi" Soros and Warren Buffett from a Banker

Open letter to "Georgi" Soros and Warren Buffett from a "Banker" Dear friends, I ´m happy but a little bit concern about that there are some idiots out there that still believe all the crap we talked them. We had successfully pumped up theirs brains with some illusions that those jackasses still defend. We told the idiots about "free Markets"...

London G20 Summit: Last chance before global geopolitical dislocation

London G20 Summit: Last chance before global geopolitical dislocation Open letter to the G20 leaders by Franck Biancheri Ladies and Gentlemen, Your next summit takes place in a few days in London; but are you aware that you have less than a semester to prevent the world from plunging into a crisis that will take at least a decade to resolve...

IF the Dollar Collapse there are two options to Save the US Economy: Default or War

The United States is the largest borrower in the world. The US national debt has already exceeded the level of 11 trillion dollars as of the beginning of 2009 and continues to grow like an avalanche. Experts say that the USA has only two ways to solve the problem: to either declare default or trigger off a war. According to experts’ estimates,...

China Offers No Fix for Global Slump

Any prospect that China could be the growth engine to pull the world economy out of deep recession has been laid to rest by the latest World Bank forecast. At the recently completed annual National Peoples Congress (NPC), Chinese Premier Wen Jiabao promised the regime's policies would ensure 8 percent growth in 2009. The World Bank, however, c...

Venezuela: Mass organisation, unity increases as revolution deepens

“This government is here to protect the people, not the bourgeoisie or the rich”, proclaimed Venezuelan President Hugo Chavez on February 28, as he ordered soldiers to take over two rice-processing plants owned by Venezuelan food and drink giant Empresas Polar. The move was made in order to ensure that the company was producing products subjec...

Taking back 737 U.S. Military Bases abroad would be a good injection to the Economy

By by Chalmers Johnson. From his book NEMESIS: The Last Days of the American Republic With more than 2,500,000 U.S. personnel serving across the planet and military bases spread across each continent, it's time to face up to the fact that our American democracy has spawned a global empire. The following is excerpted from Chalmers Johnson's ne...

Forget AIG Bonuses--The Next Bailout is Here

Democrats from Andrew Cuomo to Barney Frank to Barack Obama are demanding that the 418 AIG employees who received bonuses give them back. Sure, it's outrageous that the very people who drove AIG off the cliff, along with a whole lot of other financial firms, walked away with million-dollar bonuses paid with taxpayer bailout money. But as the Wal...

An Alternative Program for Economic Recovery

In October 2008, the U.S. economy began to slip more rapidly into deeper financial instability while simultaneously descending into a recession of epic dimensions, the worst by far since 1945. By year-end most credit markets were near-frozen despite nearly $4 trillion in liquidity injections by the Fed and the Treasury. The widespread credit c...

Bankers to the rescue (with Taxpayers money...)

The current global financial depression has now entered a crucially important phase, resulting in America - that quintessential capitalist State - holding a G-20 summit in 14/15 November 2008 in Washington (t the Irving Fisher Committee [IFC] workshop) to discuss this matter. The participants were (a) leaders of the G-20 nations; (b) Chairman ...

Russian-Chinese exercises to be held in China in summer

Russian-Chinese military exercises dubbed Peace Mission 2009 will be held in the summer in northeastern China, the Russian Defense Ministry said Wednesday. The first bilateral counterterrorist exercises Peace Mission were held in Russia and the eastern Chinese province of Shandong in August 2005, involving warships, aviation, and over 10,00...

Israel's American Chattel-The Charles Freeman Ordeal and the Decline of American Power

by Paul Craig Roberts “I do not believe the National Intelligence Council could function effectively while its chair was under constant attack by unscrupulous people with a passionate attachment to the views of a political faction in a foreign country. “The tactics of the Israel Lobby plumb the depths of dishonor and indecency and include chara...

The Crisis Will Be Profound and Prolonged

It's been several months since the crisis of capitalism was unleashed on the international level, with its epicenter in financial capital and the U.S. economy. Now we have more evidence that this crisis will be profound and prolonged, affecting all the peripheral economies -- including Brazil. Many analyses of the crisis have been published in ...

Bedouin Baby’s Power Struggle with Israel

by Jonathan Cook El-Bat, Israel. Little Ashimah Abu Sbieh’s life hangs by a thread -- or more specifically, an electricity cable that runs from a noisy diesel-powered generator in the family’s backyard. Should the generator’s engine fail, she could die within minutes. Ashimah suffers from a rare genetic condition that means her brain fails to t...

The Charlatans in Economics that started the circus. How Neoliberalism destroy the Economy.

ologetics has a sordid history. Etymologically the term merely means defense, but the word has come to be applied to people who promote causes, justify orthodox views, or deny the existence of events, even crimes, by being deceptive, omitting negative and exaggerating positive information, and using reasoning that employs even well known fallaci...

The "Bonuses Talk" as a mean to distract the public attention

Professor Michael Hudson (Counter Punch, [editor: Global Research] March 18) is correct that the orchestrated outrage over the $165 million AIG bonuses is a diversion from the thousand times greater theft from taxpayers of the approximately $200 billion “bailout” of AIG. Nevertheless, it is a diversion that serves an important purpose. It has...