How The Pentagon Turns Working-Class Men Into The Deadliest Killers On The Planet - By David Swanson (15/12/10) PDF Print E-mail
David Swanson   
Tuesday, 14 December 2010 21:31

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Every Act Of Rebellion Helps Tear Down Our Corrupt System - By Chris Hedges (15/12/10) PDF Print E-mail
Chris Hedges   
Tuesday, 14 December 2010 21:27

Truthdig

I stood with hundreds of thousands of rebellious Czechoslovakians in 1989 on a cold winter night in Prague’s Wenceslas Square as the singer Marta Kubišová approached the balcony of the Melantrich building. Kubišová had been banished from the airwaves in 1968 after the Soviet invasion for her anthem of defiance, “Prayer for Marta.” Her entire catalog, including more than 200 singles, had been confiscated and destroyed by the state. She had disappeared from public view. Her voice that night suddenly flooded the square. Pressing around me were throngs of students, most of whom had not been born when she vanished. They began to sing the words of the anthem. There were tears running down their faces. It was then that I understood the power of rebellion. It was then that I knew that no act of rebellion, however futile it appears in the moment, is wasted. It was then that I knew that the Communist regime was finished.

“The people will once again decide their own fate,” the crowd sang in unison with Kubišová.



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30 Bernanke Quotes That Are So Absurd You Won’t Know Whether To Laugh Or Cry - By Michael Snyder (14/12/10) PDF Print E-mail
Michael Snyder   
Tuesday, 14 December 2010 09:53

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The Fed: The Chicago School's Achilles Heel - By Robert P. Murphy (14/12/10) PDF Print E-mail
Robert P. Murphy   
Tuesday, 14 December 2010 09:49

Mises Daily

In a recent post "Triumph of the Austrian Economists," David Frum laments the displacement of the respectable Chicago School as the economists of choice among the political Right. Frum fails to see that conservative Republicans are justified in switching their allegiance to the Austrian economists, because supply-side monetarists have a glaring blind spot when it comes to the Federal Reserve.

Frum Is Flummoxed

Frum is dismayed at the resurgent interest in Austrian analysis and policy recommendations:

An important subtheme of Noah Green's survey of Fed critics is the triumph of Austrian over Chicago economics within the modern political right.

Thirty years ago, right of center economists did not accept recessions as necessary and indeed healthful responses to speculative bubbles. They still winced at the memory of Hoover era officials who welcomed the Great Depression as a means to "purge the rottenness" from the market system.



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Wikileaks: A Big U.S. Government Con Job - By F William Engdahl (13/12/10) PDF Print E-mail
F William Engdahl   
Monday, 13 December 2010 10:23

Market Oracle

The story on the surface makes for a script for a new Oliver Stone Hollywood thriller. A 39-year old Australian hacker holds the President of the United States and his State Department hostage to a gigantic cyber “leak,” unless the President leaves Julian Assange and his Wikileaks free to release hundreds of thousands of pages of sensitive US Government memos. A closer look at the details, so far carefully leaked by the most ultra-establishment of international media such as the New York Times, reveals a clear agenda. That agenda coincidentally serves to buttress the agenda of US geopolitics around the world from Iran to Russia to North Korea. The Wikileaks is a big and dangerous US intelligence Con Job which will likely be used to police the Internet.

It is almost too perfectly-scripted to be true. A discontented 22-year old US Army soldier on duty in Baghdad, Bradley Manning, a low-grade US Army intelligence analyst, described as a loner, a gay in the military, a disgruntled “computer geek,” sifts through classified information at Forward Operating Base Hammer. He decides to secretly download US State Department email communications from the entire world over a period of eight months for hours a day, onto his blank CDs while pretending to be listening to Lady Gaga. In addition to diplomatic cables, Manning is believed to have provided WikiLeaks with helicopter gun camera video of an errant US attack in Baghdad on unarmed journalists, and with war logs from Iraq and Afghanistan.



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