- Malaysia Airlines flight missing March 8, 2014
- Panama demands Venezuela pay $1bn debt March 8, 2014
- Turkish court orders release of ex-army chief March 8, 2014
- S Africa-Rwanda diplomatic tensions intensify March 8, 2014
- US job market shrugs off winter chill March 7, 2014
- Russia declares support for Crimea breakaway March 7, 2014
- ISIL says it faces war with Nusra in Syria March 7, 2014
- Al-Shabab 'retreats' in battle for town March 7, 2014
- Saudi lists Brotherhood as 'terrorist' group March 7, 2014
- Kissinger: Leave Ukraine to Ukrainians
- New Columnist: Lucy Steigerwald
- Then and Now: Partisan Responses to Russian Actions Under Bush and Obama
- Americans Overwhelmingly Oppose US Intervention in Ukraine
- Amnesty Intn’l on Israel’s ‘Callous Disregard for Human Life’ and ‘Pattern of War Crimes’
- John Glaser and Scott Horton: Libertarianism Vs. The Empire
- America’s ‘Grand Chessboard’ Breeds Destruction in Ukraine and Beyond
- Heard the One About Obama Denouncing a Breach of International Law?
- This Is Something John Kerry Actually Said
- Jim Lobe: Blackballed by AIPAC?
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- U.N. says west of Central African Republic ‘cleansed’ of Muslims – Reuters – 06 Mar.14
- Footprints of the US State Department – Chronology of the Ukrainian Coup by RENEE PARSONS
- Ukraine Through the Fog of the Presstitutes – Paul Craig Roberts
- American Hypocrisy on International Law – Curtis Doebbler
- Crimean Tatars feel pressure from all sides – Al Jazeera
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Category Archives: Economics
Arab oil-producing nations and some of the world’s largest oil consumers including China and Japan are reliably reported to be planning a long-term exit from pricing their oil trade in US dollars. If true, it would spell the death knell for the dollar as the world’s reserve currency and for the United States as global economic power.
Ever since Washington tore up the Bretton Woods treaty in August 1971 and went onto a “dollar paper reserve system” instead of a dollar backed by gold, the United States, as the world’s most powerful military power, has been able to dictate financial terms to the world. Nations like Japan and later China, dependent on US export markets, would dutifully invest their trade surplus dollars into US government debt, in effect financing wars such as Iraq and Afghanistan, which they opposed. They saw no choice. Continue reading
At this point in time when Capitalist economic solutions have a virtual monopoly in the discussion of economics for both Muslims and kuffar, it is critical that a working alternative model is presented to the world. As the recent Credit … Continue reading
With $872.6 billion, the cost of the conflicts in Iraq and Afghanistan so far, the United States could fund… …a year’s worth of health care for 117 million Americans ($7,439/person) …one year of public elementary school for 116 million children … Continue reading
Experts in Islamic finance believe their way of doing business has shielded them from the global credit crisis.
“We don’t recognise the concept of interest… to look for some profit from trading money,” explains Dr Bambang Brodjonegoro from the Islamic Development Bank.
“In the Islamic concept, money is strictly for the purpose of exchange or storing value, but not for the transaction of looking for excessive profit,” he says.
Vatican says Western banks should look at rules of Islamic finance to restore confidence amongst clients. Continue reading
The bottom line to all this is simple: The U.S. dollar is going to be intentionally exhausted into worthlessness. Anyone holding any assets denominated in “dollars” such as Checking accounts, Savings accounts, IRA’s, 401-K’s, … Continue reading