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 […]

QE quantitative easing same old government fraud

One day, the king of ancient Babylon summoned his treasury overseer and exclaimed, “I need more money to wage war on those Hittite terrorists! I looked in the great treasure chest and it’s nearly empty. There are hardly any gold coins left,” he thundered. “Oh Light of the Euphrates,” groveled his terrified minister, “we are […]

Diverse economic outlooks between the US and China

Yesterday, it was announced that China has officially overtaken Germany as the world’s top exporter, another sign of China’s rise as a global economic force.  Prof. James Petras offers these guiding philosophies that empower China, and weaken America. 1. China extracts minerals and energy resources to create its domestic job market in manufacturing. Washington drains […]