During times of universal deceit, telling the truth becomes a revolutionary act. —George Orwell There was a time when the pen was mightier than the sword. That was a time when people believed in truth and regarded truth as an independent power and not as an auxiliary for government, class, ...
In the Swiss newspaper Zeit-Fragen, Professor Dr. Eberhard Hamer from Germany asks, “How Sovereign is Europe?” He examines the issue and concludes that Europe has little, if any, sovereignty. Professor Hamer writes that the sovereign rights of Europeans as citizens of nation states ...
According to news reports, the U.S. military is shipping “bunker-buster” bombs to the U.S. Air Force base at Diego Garcia in the Indian Ocean. The Herald Scotland reports that experts say the bombs are being assembled for an attack on Iran's nuclear facilities. The newspaper quotes Dan ...
In the 20th century, Detroit, Mich., symbolized American industrial might. Today it symbolizes the offshored economy. Detroit's population has declined by half. A quarter of the city—35 square miles—is desolate with only a few houses still standing on largely abandoned streets. If the ...
Happy news! The government has come up with a 5.9 percent GDP growth rate in the fourth quarter of 2009. The recession is over. Or is it? Statistician John Williams has informed us that 69 percent of this growth, or 4.1 percentage points, is the result of inventory accumulation. That leaves a 1.8 ...
Joseph Stack, frustrated American, flew his airplane into an Austin, Texas, office building. He was one of the 79 percent of Americans who have given up on “their” government. The latest Rasmussen Poll indicates that the vast majority of Americans are convinced that “their” ...
My Feb. 16 column, “A Country of Serfs Ruled By Oligarchs,” received confirmation from high places on the very day it appeared. Popular Indiana Democratic U.S. Senator Evan Bayh announced that he was quitting the Senate. Yahoo News gave this account: “In an interview on MSNBC ...
The media has headlined good economic news: fourth quarter GDP growth of 5.7 percent (“the recession is over”), Jan retail sales up, productivity up in 4th quarter, the dollar is gaining strength. Is any of it true? What does it mean? The 5.7 percent growth figure is a guesstimate made ...
Former Federal Reserve chairman Alan Greenspan answered that he had placed his trust in a flawed theory when he was called before Congress to explain why he, Goldman Sachs Treasury Secretary Robert Rubin and Deputy Treasury Secretary Larry Summers, prevented Brooksley Born, head of the Commodity ...
Readers ask if the financial crisis is over, if the recovery is for real and, if not, what are Americans" prospects. The short answer is that the financial crisis is not over, the recovery is not real, and the U.S. faces a far worse crisis than the financial one. Here is the situation as I ...
