Moral Outrage
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Archive for November 2011

Central Banks move to ease debt crisis

November 30, 2011

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

November 30, 2011

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 […]

Occupy Wall Street movement and its simple message

November 29, 2011

If you get your news and information from the Main Stream Media, no doubt you have been hearing hosts and pundits asking the question “What is the Occupy Wall Street message?” The Occupy Wall Street movement has had the same message since it started: The wealthiest 1% have bought the government, courts, and the media, […]

Retirement for most Americans a delusion

November 29, 2011

With average life expectancy in the U.S. peaking at 78.1, it means that the typical American will have to work for an additional 2 years after death to pay for not having any retirement savings! Excerpts from a Bloomberg article: “Eighty is the new 65,” Joseph Ready, executive vice president of Wells Fargo Institutional Retirement […]

Euro collapse and consequent European riots

November 28, 2011

As the Italian government struggles to borrow, and Spain considers seeking an international bail-out, British ministers privately warned that the break-up of the euro, once almost unthinkable, is now increasingly plausible. The Treasury confirmed earlier this month that contingency planning for a collapse is now under way. A senior minister has revealed the extent of […]

Bush and Blair found guilty of War Crimes

November 27, 2011

A War Crimes Tribunal in Malaysia has found former US President George W. Bush and former British Prime Minister Tony Blair guilty of war crimes for their roles in the Iraq war. The five-panel Kuala Lumpur War Crimes Tribunal decided that Bush and Blair committed genocide and crimes against humanity by leading the invasion of […]

US Defense Department network of influence websites

November 26, 2011

Over the past three years, a subdivision of Virginia-based General Dynamics has set up and run a network of eight “influence websites” funded by the Defense Department with more than $120 million in taxpayer money. Over the past two years, the budget for the TRWI websites has increased from $10.1 million to $121 million, according […]

Uzbekistan dubious US ally and major arms purchaser

November 26, 2011

Gas-rich Uzbekistan, the most populous of the formerly Soviet Central Asian republics, has been ruled since before independence in 1991 by strongman President Islam Karimov, who is regularly condemned in the West for running one of the world’s most repressive and corrupt regimes. Freedom House gives Uzbekistan the lowest possible score, while watchdog groups like […]

The Countdown to War with Iran part of Obama’s second term

November 25, 2011

Like the late Saddam Hussein of Iraq and Qaddafi of Libya, Iran’s President Mahmoud Ahmadinejad has committed the same deadly mistake when has ordered in 2009 the replacement of the US dollar by the euro in calculating the value of the country’s Oil Stabilization Fund (OSF). On October 28, 2011, the Washington post newspaper, a […]

US awards each Israeli citizen 500 dollars a year in aid

November 24, 2011

The United States government awards each Israeli citizen 500 dollars a year in aid. John J. Mearsheimer and Stephen M. Walt write in their book, The Israel Lobby and U.S. Foreign Policy: “Israel receives about $3 billion in direct foreign assistance each year, which is roughly one-fifth of America’s entire foreign aid budget. “In per […]