- Mike Pompeo lays out Iran strategy after nuclear deal withdrawal May 21, 2018
- Indonesia corruption rampant 20 years after Soeharto's fall May 21, 2018
- DR Congo launches first Ebola vaccination programme May 21, 2018
- UN: Challenges persist in meeting humanitarian needs in Syria May 21, 2018
- Bashir is playing a dangerous game May 21, 2018
- Paraguay president inaugurates Israel embassy in Jerusalem May 21, 2018
- Syria army pushes ISIL out of south Damascus district: State TV May 21, 2018
- Modi meets Putin as India walks US-Russia tightrope May 21, 2018
- Indonesia: 20 years on from downfall of General Muhammad Soeharto May 21, 2018
- Mexico presidential debate: 'US needs Mexico as well' May 21, 2018
- Ukraine Claims ‘Loyal’ Military Dolphins Starved Themselves Rather Than Be Under Russian Control
- EU Breaks With Trump Over Iran: Good ‘Blowback’
- Trump Trashes Diplomacy, Opens Path to War with Iran
- It’s the End of the World, and I Feel Terrible
- The ‘Bolton Effect’: From Breakthrough To Breakdown With North Korea
- Ron Paul on Gaza Violence: Blowback for Jerusalem?
- The Banality of Gina Haspel: It would be hard to find someone with more experience to run the CIA – That’s why she’s a terrible choice
- Tribute to Journalistic Giant, Robert Parry, Founder of Consortium News, May 19, Berkeley
- Ron Paul asks: Is Gina Haspel Qualified To Be CIA Director?
- Massacring Palestinians with Impunity
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Category Archives: Economics
Most people still don’t know what caused the financial crisis. They know it had something to do with subprime mortgages and Lehman Bros, but beyond that, it gets rather hazy. Unfortunately, Congress appears to be in the dark too, which is why their attempt to regulate the system is bound to fail and pave the way for another crisis in the next few years. [Financial crises occur on average every seven years. Eds.]
The real source of the the last crisis is a design-flaw in the architecture of the modern banking system. This sounds more complicated than it really is. Continue reading
To put a seal on Obamaâ€™s humiliation at the hands of right-wing Israeli politicians Bibi Netanyahu and Avigdor Lieberman, the Obama administration sidelined the Goldstone Report detailing war crimes during the Gaza war (â€œwillful killings and willful causing great sufferingâ€ to the civilian population and â€œcollective punishment intentionally inflicted by the government of Israel on the people of the Gaza Stripâ€), signed a multi-year, $30 billion defense protocol with the Israelis, and rebuked U.S. Middle East negotiator George Mitchell for saying quite accurately that the U.S. had once withheld U.S. loan guarantees as a way showing displeasure at settlement activity. Continue reading
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 fundâ€¦ Â â€¦a yearâ€™s worth of health care for 117 million Americans ($7,439/person) â€¦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