Central Banks move to ease debt crisis

Major Central Banks around the world have announced a program of coordinated action designed to support the global financial system. The European Central Bank, the US Federal Reserve, the Bank of England and the Central Banks of Canada, Japan and Switzerland are all taking part in the initiative. The possibility that one or more European […]

Ron Paul on the Fed’s Bailout Of Europe

The Fed’s latest actions in cooperating with foreign Central Banks to undertake liquidity swaps of dollars for foreign currencies is another reason why Congress needs enhanced power to oversee and audit the Fed. Under current law Congress cannot examine these types of agreements. Those who would argue that auditing the Fed or these agreements with […]

Europeans pinpoint Israel as biggest threat to world peace

Results of a new poll commissioned by the European Commission show that Israel is believed by Europeans in 15 countries to be the greatest threat to world peace — greater than North Korea, Iran or Afghanistan. The Simon Wiesenthal Center is voicing its outrage directly to European Commission President Romano Prodi and is asking [fellow […]

Following the Money in the European Debt Crisis

Greece, Ireland, Portugal, Spain, and Italy are said to be cases of out-of-control people who now must get their houses in order – by way of huge cuts to government programs. Yet these cuts, known in the jargon as austerity measures, represent political crimes of equal if not greater magnitude to that burglary at the […]

IMF confirms world economy has entered a dangerous new phase

The world economy has entered a “dangerous new phase,” according to the chief economist of the International Monetary Fund. As a result, the international lending organization has sharply downgraded its economic outlook for the United States and Europe through the end of next year. “The global economy has entered a dangerous new phase,” said Olivier […]

Libya and the Holy Triumvirate of the US NATO EU

On April 30th, in a televised address, Libyan Leader Muammar Gaddafi pled, “Why are you attacking us? Why are you killing our children? Why are you destroying our infrastructure?” A few hours later NATO hit a target in Tripoli, killing Gaddafi’s 29-year-old son Saif al-Arab, three of Gaddafi’s grandchildren, all under twelve years of age, […]

Theory on why rating agencies are downgrading US debt

Some are of the opinion that the rating agencies are working with some of the predatory bankers and the hedge funds who are trading in these naked credit default swaps, and are targeting these economies and countries for failure, because they make more money on these insurances than they lose on their bond holdings. We […]

The European Spring – Is Revolution underway?

Has Capitalism hung itself in its excess? Underlying what I prefer to call the Mediterranean Spring rather than the European Spring are a host of symptoms of a highly infectious pandemic of rejection of the capitalist system. The movement of the movements infecting Spanish youth camping on the plazas of their nation today is transversal. […]

US and Europe confiscating the sovereign wealth of Libya

The objective of the war against Libya is not just its oil reserves (now estimated at 60 billion barrels) nor the natural gas reserves of which are estimated at about 1,500 billion cubic meters. In the crosshairs of “willing” of the operation “Unified Protector” there are sovereign wealth funds, capital that the Libyan state has […]

Europe upgrading the status of Palestinian missions to embassies

The Irish government announced on Tuesday the decision to upgrade the Palestinian diplomatic status in the country to the status of an official embassy, joining a growing list of European countries that have made the same diplomatic move. The Israeli assessment is that Britain, Sweden, Belgium, Finland, Germany, Denmark, Malta, Luxembourg, Austria and perhaps other […]