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Economy-budget
Looming Public Debt Crisis: S&P strips Spain of its AAA credit rating
By : Solve et Coagula - Tuesday January 20, 2009
Bloomberg News Monday, January 19, 2009 MADRID: Spain’s AAA sovereign credit rating was downgraded Monday by Standard & Poor’s, the agency, as the country’s first recession in 15 years swelled the budget deficit. The rating was lowered one step to AA+, S&P said in a statement from London, assigning the grade a "stable" outlook. It was S&P’s first reduction in Spain’s rating. "Current economic and financial market conditions have highlighted (...)
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Message in a Bottle
By : Daveparts - Monday January 19, 2009
By David Glenn Cox I’m too angry to sleep, too weary to hope. I’m too old for optimism and too young to stop fighting. I’d hit someone if only I knew who; I’d march if only I knew where to go. I support the new President and think that he will bring a new vitality to the nation, but my age and anger tells me that vitality is a show business term. That trickle down never reaches us, and political spin is just so much wind passed into our faces. I have seen tax cuts (...)
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Systemic Economic Crisis: The Sequence of Global Insolvency Begins
By : Solve et Coagula - Saturday January 17, 2009
Systemic Economic Crisis: The Sequence of Global Insolvency Begins by GEAB Global Research, January 17, 2009 GEAB N°31 In 2007, LEAP/E2020 announced that US banks and consumers were both insolvent. More than a year ago, our team estimated that USD 10,000-billion worth in « ghost-assets » would vanish in the crisis. Both announcements came in complete opposition with the common opinion of that time; however they proved perfectly justified in the months after. In the same line, LEAP/E2020 (...)
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Video: THE GLOBAL FINANCIAL CRISIS: The Great Depression of the 21st Century with Michel Chossudovsky
By : Solve et Coagula - Saturday January 17, 2009
Video: THE GLOBAL FINANCIAL CRISIS: The Great Depression of the 21st Century with Michel Chossudovsky http://www.globalresearch.ressource...
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FINANCE-US: AIG’s Past Could Return To Haunt
By : IPS - Wednesday January 14, 2009
With nearly 80 percent of AIG stock the U.S. is in a unique position to investigate the internal operations of a giant corporation with a reputation for using the offshore system for tax evasion. By Lucy Komisar* NEW YORK, Dec 19 (IPS) - The U.S. will invest 40 billion dollars in American International Group (AIG), and will provide credit lines that could bring federal funding up to 144 billion dollars. It’s the largest subsidy that a U.S. corporation has ever received. In (...)
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Immanuel Wallerstein: Capitalism’s Demise?
By : blabla - Sunday January 11, 2009
Capitalism’s Demise? Immanuel Wallerstein interviewed by Jae-Jung Suh The financial crisis sweeping the world has led many to reconsider the neoliberal premises of the U.S. government. Jae-Jung Suh sits down with sociologist and world systems theorist Immanuel Wallerstein to consider the paradigm shift in global thinking on economic policy and the future of capitalism. Crisis? What Crisis? Suh: These days, everybody is talking about a crisis. But everyone has a different (...)
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Congressman Kucinich on Floor of Congress - Slams Fed Reserve and Fractional Reserve! (VID)
By : Solve et Coagula - Saturday January 10, 2009

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Peter Schiff (former Ron Paul financial advisor) predicts Dollar Crash. American Economic Crash
By : Solve et Coagula - Thursday January 8, 2009
Peter Schiff (former Ron Paul financial advisor) predicts Dollar Crash. American Economic Crash. Fear and loathing in the American Empire. http://de.youtube.com/watch?v=djgH9...
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Martial Law, the Financial Bailout and War
By : Solve et Coagula - Thursday January 8, 2009
Paulson’s Financial Bailout It is becoming clear that the bailout measures of late 2008 may have consequences at least as grave for an open society as the response to 9/11 in 2001. Many members of Congress felt coerced into voting against their inclinations, and the normal procedures for orderly consideration of a bill were dispensed with. The excuse for bypassing normal legislative procedures was the existence of an emergency. But one of the most reprehensible features of the (...)
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The Oil Card: Global Economic Warfare in the 21st Century
By : Solve et Coagula - Wednesday January 7, 2009
The Oil Card: Global Economic Warfare in the 21st Century By James R. Norman Challenging the conventional wisdom behind oil pricing, this compact book sheds an entirely new light on the workings of "free" commodity markets and oil industry supply and demand "fundamentals." Its purpose is to look at the use of oil as an economic weapon. The book assembles a now well-documented chronology of how the US and its allies, including Saudi Arabia, pushed down oil prices dramatically in the (...)
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Money Owes No Allegiance
By : Daveparts - Tuesday January 6, 2009
By David Glenn Cox http://theservantsofpilate.com Jan. 5 (Bloomberg) — "The engines that have lifted the U.S. economy out of every recession since World War II will be of little help this time around. Inventory rebuilding, household spending, home construction and payroll growth — the forces that powered, to a greater or lesser extent, each recovery since 1945 — may remain missing for much of 2009. A glut of unsold properties may keep housing depressed, while shriveled (...)
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Will the New GCC (Gulf Cooperation Council) Single Currency Include Gold?
By : Solve et Coagula - Tuesday January 6, 2009
Will the New GCC (Gulf Cooperation Council) Single Currency Include Gold? Gulf Cooperation Council leaders yesterday concluded their 29th annual summit meeting in Muscat, Oman with a final approval for the creation of a single currency for the six-nation economic bloc, still targeted for 2010. Saudi Arabia is the largest economy in the GCC and boasts substantial gold reserves. But whether gold will be included in the currency basket has not yet been decided. Golden opportunity GCC (...)
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2009 Prediction For USA
By : Solve et Coagula - Sunday January 4, 2009
2009 Prediction For USA A Professor and former KGB advisor on America in Russia, Igor Panarin, is predicting the demise of the USA this year. I have reported on this before, but we now have more details. Panarin predicted the economic crisis in the US 10 years ago. He now says that by this Fall, there will be civil war in America. By June 1010, the USA will break up into 6 pieces. Alaska will go back to Russian control ( look out Sarah!) and Hawaii will go to China or Japan. The East (...)
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50 Factors that Affect the Value of the US Dollar
By : Solve et Coagula - Monday December 29, 2008
1 comment
50 Factors that Affect the Value of the US Dollar By Jessica Hupp, August 8th, 2007 Would you believe something as mundane as a rainstorm in New England can affect the value of the Dollar? It’s true. The US Dollar is subject to numerous influences, from politics to Walmart, and everything in between. The following list contains 50 factors that affect the value of the US dollar, both big and small. Balance of trade and investment The balance of trade and investment is often cited (...)
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Japan Should Scrap U.S. Debt, Dollar May Plummet, Mikuni Says
By : Solve et Coagula - Sunday December 28, 2008
Japan Should Scrap U.S. Debt, Dollar May Plummet, Mikuni Says by Stanley White and Shigeki Nozawa Global Research, December 26, 2008 Bloomberg - 2008-12-24 The article below is a wake-up call to the harsh reality of the financial fiasco that has visited the US. For further details see Matthias Chang’s articles on www.FutureFastForward.com and www.GlobalResearch.ca Japan should write-off its holdings of Treasuries because the U.S. government will struggle to finance increasing (...)
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Kissinger Calls For New International System Out Of World Crises
Sunday December 21, 2008
1 comment
Infowars.net December 19, 2008 Kissinger Calls For New International System Out Of World Crises Says global necessities should foster an “age of compatible interests” Steve Watson Bilderberg luminary Henry Kissinger has repeated his routine call for a new international political order, stating that global crises should be seen as an opportunity to move toward a borderless world where national interests are outweighed by global necessities. Speaking with Charlie Rose earlier (...)
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Ground Zero on Wall Street: Fed Funds and T-Bills Hit 0% Interest
By : Solve et Coagula - Sunday December 21, 2008
Ground Zero on Wall Street: Fed Funds and T-Bills Hit 0% Interest by Ellen Brown Global Research, December 20, 2008 webofdebt.com “I am more concerned with the return of my money than the return on my money.”– Mark Twain In the last two weeks, two federal interest rates hit all-time record lows. On December 16, the market was taken by surprise when Fed Chairman Ben Bernanke lowered the federal funds rate (the interest banks pay to borrow the reserves they need to meet (...)
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China says lending to US will not go on forever
By : Solve et Coagula - Saturday December 20, 2008
China says lending to US will not go on forever Wed Dec 17, 2:38 am ET BEIJING (AFP) – China warned Wednesday it would not keep lending money to the US economy indefinitely, even as new data showed it had consolidated its position as the top buyer of American government bonds. "China’s increased purchase of US Treasury securities should not be interpreted as an endorsement of the assumption that the US can borrow its way out of the current financial crisis," the China Daily (...)
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The United States Is Already Dead, and Just Doesn’t Know It
By : Solve et Coagula - Friday December 19, 2008
The Late Great United States: The Decline and Fall of the United States of America By Joseph George Caldwell Revised 17 December 2008 Max: You know, one thing I can’t figure out is whether these girls are real smart or just real, real lucky. Hal: You know, Max, brains will only get you so far, and luck always runs out. Thelma and Louise (A Ridley Scott film, 1991, MGM United Artists) The United States Is Already Dead, and Just Doesn’t Know It In the 1990s, I wrote the (...)
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After the Madoff Scandal the Greenspan/Bernanke Disaster?
By : Solve et Coagula - Thursday December 18, 2008
After the Madoff Scandal the Greenspan/Bernanke Disaster? Monopoly Men (Federal Reserve Fraud) Must see Video!!! The Federal Reserve, or the Fed as it is lovingly called, may be one of the most mysterious entities in modern American government. Created during Wilson’s presidency to protect the economy in times of financial turmoil, its real business remains to be discovered. During the Wilson presidency, the U.S. government sanctions the creation of the Federal Reserve. Thought by (...)
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DAZIBAO
I, European citizen, won’t let refugees be rejected in my name
Thursday 10 March
©Olivier Jobard/Myop I, European citizen, won’t let refugees be rejected in my name THE RIGHT TO ASYLUM IS A RIGHT In the phrase « right to asylum », every word matters. Under the law, every person who is persecuted because of his or her political opinions or because of his or her identity, every person that is endangered by violence, war or misery has a RIGHT to seek asylum in another country The aim of this petition is to collect (...)
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Neo-Nazis and far-right protesters in Ukraine 3 live-stream
Friday 24 January
2 comments
The far-right in Ukraine are acting as the vanguard of a protest movement that is being reported as pro-democracy. The situation on the ground is not as simple as pro-EU and trade versus pro-Putin and Russian hegemony in the region. When US Senator John McCain dined with Ukraine’s opposition leaders in December, he shared a table and later a stage with the leader of the extreme far-right Svoboda party Oleh Tyahnybok. This is Oleh Tyahnybok, he has claimed a "Moscow-Jewish mafia" (...)
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Hugo Chavez is dead (video live)
Wednesday 6 March
by : Collective BELLACIAO
1 comment
President Hugo Chavez companeros venezueliano died after a long battle with cancer.
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International initiative to stop the war in Syria Yes to democracy, no to foreign intervention!
Thursday 13 December
Your support here: http://www.peaceinsyria.org/support.php We, the undersigned, who are part of an international civil society increasingly worried about the awful bloodshed of the Syrian people, are supporting a political initiative based on the results of a fact-finding mission which some of our colleagues undertook to Beirut and Damascus in September 2012. This initiative consists in calling for a delegation of highranking personalities and public figures to go to Syria in order to (...)
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THE KU KLUX KLAN ONCE AGAIN CONTROLS INDIANA
Monday 12 November
by : David R. Hoffman, Legal Editor of Pravda.Ru
7 comments
At first glance, the results of America’s 2012 election appear to be a triumph for social, racial, and economic justice and progress in the United States: California voters passed a proposition requiring the rich to shoulder their fair share of the tax burden; Two states, Colorado and Washington, legalized the recreational use of marijuana, while Massachusetts approved the use of marijuana for medical purposes; Washington and two other states, Maine and Maryland, legalized same-sex (...)
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I’VE DECIDED TO "WASTE" MY VOTE
Sunday 28 October
by : David R. Hoffman, Legal Editor of Pravda.Ru
In a 2004 episode of Comedy Central’s animated series South Park, an election was held to determine whether the new mascot for the town’s elementary school would be a “giant douche” or a “turd sandwich.” Confronted with these two equally unpalatable choices, one child, Stan Marsh, refused to vote at all, which resulted in his ostracization and subsequent banishment from the town. Although this satirical vulgarity was intended as a commentary on the two (...)
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HIGHER EDUCATION IN AMERICA: DREAM OR NIGHTMARE? PART IV
Friday 28 September
by : David R. Hoffman, Legal Editor of Pravda.Ru
PART I PART II PART III If there is one major inconsistency in life, it is that young people who know little more than family, friends and school are suddenly, at the age of eighteen, supposed to decide what they want to do for the rest of their lives. Unfortunately, because of their limited life experiences, the illusions they have about certain occupations do not always comport to the realities. I discovered this the first time I went to college. About a year into my studies, I (...)
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HIGHER EDUCATION IN AMERICA: DREAM OR NIGHTMARE? PART III
Friday 28 September
by : David R. Hoffman, Legal Editor of Pravda.Ru
PART I PART II PART IV Disillusioned with the machinations of so-called “traditional” colleges, I became an adjunct instructor at several “for-profit” colleges. Thanks largely to the power and pervasiveness of the Internet, “for-profit” colleges (hereinafter for-profits) have become a growing phenomenon in America. They have also been the subject of much political debate and the focus of a Frontline special entitled College Inc. Unlike traditional (...)
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HIGHER EDUCATION IN AMERICA: DREAM OR NIGHTMARE? PART II
Friday 28 September
by : David R. Hoffman, Legal Editor of Pravda.Ru
PART I PART III PART IV Several years ago, a young lady came into the college where I was teaching to inquire about a full-time instructor’s position in the sociology department. She was advised that only adjunct positions were available. Her response was, “No thanks. Once an adjunct, always an adjunct.” Her words still echo in my mind. Even as colleges and universities raise their tuition costs, they are relying more and more on adjunct instructors. Adjuncts are (...)
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HIGHER EDUCATION IN AMERICA: DREAM OR NIGHTMARE? PART I
Friday 28 September
by : David R. Hoffman, Legal Editor of Pravda.Ru
PART II PART III PART IV When The Bill of Rights was added to the United States Constitution over two hundred years ago, Americans were blessed with many rights considered to be “fundamental.” One conspicuously missing, however, was the right to an education. This was not surprising given the tenor of the times. America was primarily an agrarian culture, and education, especially higher education, was viewed as a privilege reserved for the children of the rich and (...)
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ONE SOLITARY LIFE, PART TWO
Monday 30 July
by : David R. Hoffman, Legal Editor of Pravda.Ru
3 comments
If there is one universal question that haunts all human beings at some point in their lives, it is, “Why do we die?” Death, after all, is the great illogic. It ultimately claims all, the rich and the poor, the mighty and the small, the good and the evil. Death also has the capability to make most human pursuits—such as the quest for wealth, fame and power—vacuous and fleeting. Given this reality, I have often wondered why so many people are still willing to (...)
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HOW MUCH CORRUPTION CAN DEMOCRACY ENDURE?
Thursday 28 June
by : David R. Hoffman, Legal Editor of Pravda.Ru
6 comments
How much corruption can a “democracy” endure before it ceases to be a democracy? If five venal, mendacious, duplicitous, amoral, biased and (dare I say it) satanic Supreme Court “justices”—John Roberts, Samuel Alito, Antonin Scalia, Clarence Thomas and Anthony Kennedy—have their way, America will soon find out. In several previous articles for Pravda.Ru, I have consistently warned how the Supreme Court’s 2010 Citizens United decision is one of the (...)
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DEMOCRACY IN THE HANDS OF IDIOTS, PART TWO
Tuesday 12 June
by : David R. Hoffman, Legal Editor of Pravda.Ru
1 comment
Imagine, if you will, that the United States government passes a law banning advertisers from sponsoring commercials on Rush Limbaugh’s radio show or Rupert Murdoch’s Fox (Faux) “News” Network. On one hand, there would be two decided advantages to this ban: The National IQ would undoubtedly increase several percentage points, and manipulative pseudo-journalists would no longer be able to appeal to the basest instincts in human nature for ratings and profit while (...)
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DEMOCRACY IN THE HANDS OF IDIOTS
Thursday 7 June
by : David R. Hoffman, Pravda.Ru Legal Editor
4 comments
LIVE, from the State that brought you Senator Joseph McCarthy, Wisconsin voters now proudly present, fresh from his recall election victory, Governor Scott Walker! At first glance, it is almost unfathomable that anyone with a modicum of intelligence would have voted to retain Scott Walker as Wisconsin’s governor. This, after all, is a man who openly declared he is trying to destroy the rights of workers through a “divide and conquer” strategy; who received 61% of the (...)
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PEOPLE WITHOUT SOULS
Tuesday 13 March
by : David R. Hoffman, Legal Editor of Pravda.Ru
2 comments
A question I’ve frequently been asked since I began writing for Pravda.Ru in 2003 is, “Why did you become disillusioned with the practice of law?” This question is understandable, particularly since, in most people’s minds, being an attorney is synonymous with wealth and political power. I’ve always been reluctant to answer this question for fear it will discourage conscientious and ethical people from pursuing careers in the legal profession—a (...)
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