Category Archives: Economics

Neoliberalism the ideology at the root of all our problems

Financial meltdown, environmental disaster and even the rise of Donald Trump neoliberalism has played its part in them all. Why has the left failed to come up with an alternative? No alternative Ronald Reagan and Margaret Thatcher at … Continue reading

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The Swiss Gold Referendum by PAUL CRAIG ROBERTS

In a few days the Swiss people will go to the polls to decide whether the Swiss central bank is to be required to hold 20% of its reserves in the form of gold.  Polls show that the gold requirement … Continue reading

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Gold Wars (Kelly Mitchell’s Pathbreaking Book)

Introduction The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday … Continue reading

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America’s Debt and currency issues have been anticipated and planned for years.

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Famous Quotes about Fiat Money

In Greed We Trust Continue reading

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Environmental enslavement for middle-class comforts – Brendan O’Neill

The real problem with the tax is that, like the politics of environmentalism more broadly, it will seek to assuage wealthy white people’s eco-guilt by implicitly encouraging brown people overseas to live comparatively simple, undemanding lives. Continue reading

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Coup d’état – The Historical Framework of Globalization


Implied in this global ideal is of course the complete dissolution of the nationstate as such through the gradual but de facto irreversible integration of individual nations into the totalitarian framework of the political, economic, and chief judicial/juridical entities operating on a global scale (most significantly the United Nations, the International Monetary Fund, the World Bank, the Bank for International Settlements, and the World Trade Organization). Continue reading

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What Really Triggered the Financial Crisis? By MIKE WHITNEY

In Greed We Trust

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

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Obama Takes on the Muslim World – John Taylor

To put a seal on Obama’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 (“willful killings and willful causing great suffering” to the civilian population and “collective punishment intentionally inflicted by the government of Israel on the people of the Gaza Strip”), 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

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Dollar exit for oil trade? By F William Engdahl


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

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