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Economy-budget
USA: FOLLOWING THE ROMANS
By : Dock Treece - Friday July 16, 2010
FOLLOWING THE ROMANS Submitted by Dock Treece on Thu, 15 Jul 2010 If the last couple weeks are any judge, it doesn’t look like the stock market is going to crash – at least not yet. Unfortunately, this has hardly stopped the dooms-dayers from predicting a return to the Stone Age. Some of the theories coming out sound an awful lot like Jimmy Carter, just much worse. In their analyses, many economists (and conspiracy theorists) observe similarities between current economic (...)
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Chinese "Dagong Global rating" down grades the United States to "AA"
By : Wang Xin Long - Tuesday July 13, 2010
Chinese "Dagong Global rating" down grades the United States to "AA". Wang Xin Long One of the lessons from China known as the financial crisis has drawn the People’s Republic, is that that the large, mainly American, rating agencies is not to be trusted. the German system, press habitually hushed up by, were now in the Chinese state television, the three great American Ratingesellschaften Moody’s Investors Service, Standard & Poors and Fitch Ratings in the public media (...)
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The U.S. Economy is Falling. Towards another Credit Collapse
By : Bob Chapman - Saturday July 3, 2010
The U.S. Economy is Falling. Towards another Credit Collapse? by Bob Chapman Global Research, July 3, 2010 International Forecaster The Fed says US unemployment is likely to stay high for a long time, and that justifies zero interest rates indefinitely. The June Chicago Purchasing Managers Index was 59.1 vs. 59.7 in May. The employment component rose to 54.2 from 49.2 in May. New orders fell to 59.1 from 62.7. Homebuilder Lennar is cutting new home prices 15% as new orders fell 10%. KB (...)
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UN calls for scraping dollar
By : presstv.ir - Wednesday June 30, 2010
UN calls for scraping dollar Wed, 30 Jun 2010 A UN report released on Tuesday calls for abandoning the US dollar as the main global reserve currency to achieve greater stability in the world financial system. "The dollar has proved not to be a stable store of value, which is a requisite for a stable reserve currency," said the World Economic and Social Survey 2010. The use of the dollar for international trade came under increasing scrutiny when the US economy fell into recession. The (...)
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The dollar, not the euro, is threatening a major crisis
By : F. William Engdahl - Sunday June 20, 2010
The dollar, not the euro, is threatening a major crisis F. William Engdahl We have at this point already explained in detail how the Wall Street and Obama’s finance minister, together with the U.S. credit-rating agencies since the December attack on Greece and the weaker countries to ride the euro zone. This cash warfare - it is war in the truest sense of the word - if the pressure of a far more serious problem to be taken, namely the stability of the U.S. dollar and its future as a (...)
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Global systemic crisis / Second half of 2010: The global system’s four single points of failure
By : GEAB - Thursday June 17, 2010
Global systemic crisis / Second half of 2010: The global system’s four single points of failure Public announcement GEAB N°46 (June 16, 2010) - Each day the news confirm the extent to which the global systemic crisis has now entered into the phase of global geopolitical dislocation, even if the media only timidly begin to interpret the historic upheavals which unfold before our own eyes. For LEAP/E2020, the second half of 2010 will thus correspond to a new step in the global (...)
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Venezuela is the second largest economy in South America
By : Attilio Folliero - Friday May 28, 2010
1 comment
South America: Venezuela the second largest economy in the region Attilio Folliero and Cecilia Laya, Caracas 10/05/2005 - Updated 13/05/2010 and 21/05/2010 First published in It’s official: in 2009 the GDP of Venezuela has overtaken Argentina. According to data recently published by International Monetary Fund (1), in 2009 the GDP of Venezuela was 337.30 billon dollars, compared with 310.07 billion dollars of GDP in Argentina. It ’s the first time that Venezuela over (...)
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Obama and the west countries
By : Attilio Folliero - Friday May 28, 2010
Western states obliged to help the United States! The U.S. public debt scary, almost 13 trillion dollars, which will add tens of trillions of dollars in other obligations. A portion of U.S. public debt is financed by foreign states, by buying U.S. Treasury bonds. At the end of March 2010, the foreign countries holding U.S. bonds totaling 3884.60000000000 dollars, according to the latest data published last May 17 (1). The figure is steadily increasing, although this amount was 3.071 (...)
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Global systemic crisis – From «Eurozone coup d’Etat» to the tragic solitude of the UK
By : Solve et Coagula - Tuesday May 18, 2010
Global systemic crisis – From « Eurozone coup d’Etat » to the tragic solitude of the United Kingdom, the pace of global geopolitical dislocation accelerates Public announcement GEAB N°45 (May 16, 2010) - Just as anticipated by LEAP/E2020 in issues N°40 (December 2009) and N°42 (February 2010), spring 2010 really marks a tipping point of the global systemic crisis, characterized by a sudden expansion due to the intolerable size of public deficits (see issue N° 39, November (...)
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Video: Why Are so Many Corporations Not Paying any Taxes in Maryland?
By : William Hughes - Thursday April 15, 2010
At a press conference in Annapolis, Maryland, on Tax Day, April 15, 2010, social justice activists charged: “Fully one-third of the biggest corporations in Maryland paid absolutely nothing in state income taxes in 2007!” Matthew Weinstein, Fiscal Policy Director for “Progressive Maryland,” added: “The Maryland Chamber of Commerce (MCC) has played our state legislators for suckers for years...Maryland families are subsidizing business to the tune of $2 billion (...)
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Confidence falls on fears of ’double-dip’ recession
By : Andrew Grice - Thursday December 17, 2009
ComRes survey shows a majority of businessmen detect no signs of recovery By Andrew Grice, Political Editor Businessmen have become more gloomy about the economy in the past month, raising fears that Britain may slip into a "double-dip" recession next year. A ComRes survey of 257 business leaders for The Independent found that the proportion detecting "green shoots" in their sector had dropped from 49 per cent in November to 36 per cent this month. For the first time since July, a (...)
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A Smart and Simple Tax
By : William John Cox - Friday December 4, 2009
The burden of taxation in the United States has been shifted from those who most benefit from our government to those who work the hardest and earn the least. This shrugging of responsibility is not only unfair, it fails to accomplish public policy goals required to move the economy out of recession and the environment out of crisis. Uncorrected, the heavy burden of taxation borne by workers and small businesses today for the benefit of corporations and the wealthy elite will certainly (...)
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Société Générale tells clients how to prepare for ’global collapse’
By : Ambrose Evans-Pritchard - Thursday November 19, 2009
Société Générale has advised clients to be ready for a possible "global economic collapse" over the next two years, mapping a strategy of defensive investments to avoid wealth destruction. by Ambrose Evans-Pritchard In a report entitled "Worst-case debt scenario", the bank’s asset team said state rescue packages over the last year have merely transferred private liabilities onto sagging sovereign shoulders, creating a fresh set of problems. Overall debt is still far too high in (...)
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Global systemic crisis: States faced with 3 brutal options in 2010: inflation, high taxation or default
By : Solve et Coagula - Monday November 16, 2009
Global systemic crisis – States faced with three brutal options in 2010: inflation, high taxation or default Public announcement GEAB N°39 (November 16, 2009) - As anticipated by LEAP/E2020 last February, in the absence of major reappraisal of the international monetary order, the world is now entering the phase of geopolitical dislocation of the global systemic crisis. In 2010, as protectionism and the economic and social depression will gain momentum, a large number of States (...)
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COLLAPSE: The Movie
By : Solve et Coagula - Friday November 13, 2009
COLLAPSE: The Movie Opens this friday, November 13th in LOS ANGELES at the SUNSET 5 MIKE RUPPERT to make first public appearance since 2006 after Friday & saturday 7:30 shows [B]2009[/B]: COLLAPSE Collapse Mike Ruppert Movie Trailer http://www.youtube.com/watch?v=kiv5... http://www.collapsemovie.com/COLLAP... [B]2001[/B] : Michael Ruppert gives a lecture of Zbigniew Brzezingski’s 1997 book : The Grand Chessboard. http://www.youtube.com/watch?v=s6iW... (...)
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China to use ASEAN meet to make Yuan an international currency
By : Solve et Coagula - Friday October 23, 2009
1 comment
China to use ASEAN meet to make Yuan an international currency Saibal Dasgupta , TNN 23 October 2009, 07:03pm IST BEIJING: China is set to use the ASEAN meet to sell the idea of making the Yuan an international currency. It is using the sense of uncertainty over the US dollar to sell a new dream of enlarged regional trade, financial support from Beijing and reduced dependence on the volatile dollar. China has also offered to contribute nearly one-third of the $120 billion economic (...)
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Global Systemic Crisis – The European Union at a crossroads in 2010
By : Solve et Coagula - Saturday October 17, 2009
2 comments
Global Systemic Crisis – The European Union at a crossroads in 2010: an accomplice or a victim of the collapse of the dollar? GEAB N°38 (October 16, 2009) The major trends at work in the 4th and 5th phases of the global systemic crisis (the decanting phase and the global geopolitical dislocation phase) are unveiling every day (1). Everyone has now realized that the United States is being swept into an uncontrollable spiral involving widespread insolvency of the country and gross (...)
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The Recession is Over! (Now get off your lazy asses and spend some MONEY, dammit!)
By : Daniel Patrick Welch - Sunday September 27, 2009
1 comment
Daniel Patrick Welch, regaining his muse after an unfortunate hiatus, marvels at the audacity of the THC (Talking Heads Chorus), who tell us with a straight face that it’s our own damn fault if the fake "recovery" sputters—for not spending the money we don’t have! ******* These recessions are getting shorter and shorter. If you delay admitting it’s happening until the shit really hits the fan, then claim it’s all better while the shit is still spraying all (...)
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13 Reasons for Major Gold Breakout
By : Solve et Coagula - Sunday September 20, 2009
13 Reasons for Major Gold Breakout by Jim Willie, CB. Editor, Hat Trick Letter | September 10, 2009 Before the Hat Trick Letter was launched, a little splash was made when a Jackass Nobody wrote “25 Reasons Why Gold Will Rise” in November 2002. It was so many years ago that the piece no longer appears in archives. The motive for the article was simple. Just too much pure nonsense and genuine rubbish had appeared in the financial press about why gold was rising. (...)
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Global systemic crisis: In pursuit of the impossible recovery
By : Solve et Coagula - Saturday September 19, 2009
GEAB N°37 is available! Global systemic crisis: In pursuit of the impossible recovery Public announcement GEAB N°37 (Septembre 16, 2009) - Before this summer, LEAP/E2020’s team announced that there would be no recovery in sight in September 2009, and not until summer 2010 in any event. Well indeed, contrary to the claims of the media, and financial and political circles, we confirm our anticipation. The slowdown in the speed of collapse of the global economy, at the origin of all (...)
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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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