MUST-WATCH VIDEO: Dr. Alan Sabrosky, Former Director of Studies at the US Army War College: The Military Brass Now Know That Israel and Those Traitors Within America Committed the 9/11 Attack (20/3/10) PDF Print E-mail
Posted by Administrator   
Saturday, 20 March 2010 02:11



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Paul Krugman Versus Economic Reality - By Peter Schiff (19/3/10) PDF Print E-mail
Peter Schiff   
Friday, 19 March 2010 09:44

Euro Pacific Capital

In his latest weekly New York Times column, Nobel Prize-winning economist Paul Krugman put forward arguments that were so nonsensical that the award committee should ask for its medal back.

Recent rhetoric from Washington has put the economic relationship between the U.S. and China squarely on the front burner, and Krugman is demanding that we crank up the flame. This week 130 members of Congress sent a letter to Treasury Secretary Timothy Geithner demanding that the Obama administration designate China as a "currency manipulator". Following that, a bipartisan group of senators introduced a bill that looks to force the Obama administration's hand. For its own part, Beijing invites criticism by continuing to deny its utterly obvious currency agenda.



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Fear The New Krugman - By Brady Willett (19/3/10) PDF Print E-mail
Brady Willett   
Friday, 19 March 2010 09:36

FallStreet.com

Such explosive growth in debt can't go on forever, and it won't. Yet our current leaders and their apologists insist that the problem will magically solve itself.           Paul Krugman ~ November 4, 2003

The U.S. borrows and spends beyond its means and almost everyone realizes that tough policy choices must be made to avert disaster.  However, rather than confront the imbalances that have resulted from U.S. profligacy by ending U.S. profligacy, there is the growing threat that policy makers are in search of ‘magical’ alternatives. One such alternative is trying to force China to stop ‘manipulating’ its currency.



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GEAB N°43 - The Five Steps Of The Global Geopolitical Dislocation Phase (19/3/10) PDF Print E-mail
Administrator   
Friday, 19 March 2010 09:33

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The Growing Movement for Publicly Owned Banks - By Ellen Brown, YesMagazine (19/3/10) PDF Print E-mail
By Ellen Brown, YesMagazine   
Thursday, 18 March 2010 23:37

We the people have given away our sovereign money-creating power to private, for-profit lending institutions, which have used it to siphon wealth from the productive economy. Some states are moving to take that power back.

“Hundreds of job-creating projects are still on hold because Michigan businesses and entrepreneurs cannot get bank financing. We can break the credit crunch and beat Wall Street at their own game by keeping our money right here in Michigan and investing it to retool our economy and create jobs.”

                        —Lansing Mayor Virg Bernero in The Detroit News March 9, 2010

Michigan, which has an unemployment rate of 14 percent, has been particularly hard hit by the economic downturn. Virg Bernero, mayor of Lansing, the state’s capital, and a leading Democratic candidate for governor, proposes to relieve the state’s economic ills by opening a state-owned bank. He says the bank could protect consumers by making low-interest loans to those most in need, including students and small businesses; it could also help community banks by buying mortgages off their books and working with them to fund development projects.



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