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Economy-budget
Russia Dumps US Dollar as basic reserve currency
By : Solve et Coagula - Thursday May 21, 2009
Russia Dumps US Dollar as basic reserve currency Global Research, May 20, 2009 Pravda The US dollar is not Russia’s basic reserve currency anymore. The euro-based share of reserve assets of Russia’s Central Bank increased to the level of 47.5 percent as of January 1, 2009 and exceeded the investments in dollar assets, which made up 41.5 percent, The Vedomosti newspaper wrote. The dollar has thus lost the status of the basic reserve currency for the Russian Central Bank, the (...)
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Prepare for War, the Death of capitalism and Bankruptcy of the US Government said Marc Faber
By : Solve et Coagula - Thursday May 21, 2009
Prepare for War, the Death of capitalism and Bankruptcy of the US Government said Marc Faber Marc Faber forecasts Economic Armageddon , the author of "The Gloom, Boom & Doom Report" foresees a litany of unpleasant events ahead , living up to his reputation for bearishness . His key message is: buy real assets. He thinks it will take years for the global economy to recover, but when it does the effect of governments’ printing money will ultimately reignite inflation. "If (...)
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Video: Federal Reserve Cannot Account for $9 Trillion
By : Solve et Coagula - Saturday May 16, 2009
By: Julie Crawshaw The Federal Reserve apparently can’t account for $9 trillion in off-balance sheet transactions. When Rep. Alan Grayson (D-Orlando) asked Inspector General Elizabeth Coleman of the Federal Reserve some very basic questions about where the trillions of dollars that have come from the Fed’s expanded balance sheet, the IG didn’t know. Worse, nobody at the Fed seems to have any idea what the losses on its $2 trillion portfolio really are. "I am shocked to (...)
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Fear of Crime and Things to Come
By : William John Cox - Thursday May 14, 2009
Fear resides in all living creatures. It’s what keeps us alive down at the watering hole or out on the street. The fear of crime strikes all who live with its dread, as well as those who are personally victimized. Fear keeps us from doing what we want to do; it causes us to distrust friends and to view strangers with prejudice; and it can trick us into trading freedom for a false sense of security. Hard Times Many of us have grown up with an expectation that we have the right to (...)
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State considers return to gold, silver dollars: Proposed bill slams Fed, allows payments in precious metals
By : Solve et Coagula - Thursday May 14, 2009
By Drew Zahn A bill being considered in the Montana Legislature blasts the Federal Reserve’s role in America’s money policy and permits the state to conduct business in gold and silver instead of the Fed’s legal tender notes. Montana H.B. 639, sponsored by State Rep. Bob Wagner, R-Harrison, doesn’t require the state or citizens to conduct business in gold or silver, but it does require the state to calculate certain transactions in both the current legal tender (...)
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Bailouts and Boots
By : Daveparts - Thursday May 14, 2009
Bailouts and Boots By David Glenn Cox When Americans went to the polls last November they were given what appeared to be two clear choices. Either, a more of the same trickle down economics from an elderly Republican war hero so spineless as to waffle on his own statements within twenty fours hours of making them. Or a young and vigorous man who offered us hope. Barack Obama is very intelligent, very personable and engaging. After eight years of George Bush and Dick Cheney the Democrats (...)
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The New US Budget: No Money for the People, but Trillions for the Banks and the War
By : Solve et Coagula - Wednesday May 13, 2009
The New US Budget: No Money for the People, but Trillions for the Banks and the War by Professor Dr Michel Chossudovsky, Canada cc. The following text contains essential parts of a larger article written by the Canadian economist Michel Chossudovsky. The complete text “America’s fiscal collapse” was published on 2 March 2009 on www.globalresearch.ca. Continue to read: (...)
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The American Revenue Authorities: Expansion of the Combat Area (on to Switzerland)
By : Solve et Coagula - Wednesday May 13, 2009
The American Revenue Authorities: Expansion of the Combat Area (on to Switzerland) Discussion with Luis Suarez-Villa, professor for economy at the University of California, Irvine Luis Suarez-Villa made his doctorate in international policy at the University of Cornell. He is a professor at the University of California, Irvine, whose member he has been since 1982. He specialized in innovative technology and its connections with social changes, economic development and regional analysis. (...)
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INTERVIEW – Geithner: time to review U.S. central bank governance
By : Solve et Coagula - Tuesday May 12, 2009
INTERVIEW – Geithner: time to review U.S. central bank governance Sat May 9, 2009 5:18am By Glenn Somerville WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner said on Friday it was time to review how regional Federal Reserve banks are governed to ensure the public feels confident no conflicts of interest are at play. Geithner was asked during a Reuters Television interview about the resignation on Thursday of Stephen Friedman, a member of Goldman Sachs Group (...)
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‘Wrong-sized’ missile sends new Trident cost soaring by £100m
By : Solve et Coagula - Monday May 11, 2009
‘Wrong-sized’ missile sends new Trident cost soaring by £100m ompatability worries as US firm takes on contractBy Rob Edwards, Environment Editor BRITISH TAXPAYERS are having to fork out an extra £100 million this year to replace the Trident nuclear weapons system because of fears that the missile being designed in the US could be the wrong size. The UK government is funding all of a contract for a US company to design a new missile compartment in an attempt to ensure that it (...)
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Video: Geithner’s Oligarchs
By : Solve et Coagula - Monday May 11, 2009
http://therealnews.com/t/index.php?...
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The Trickle Up Theory
By : Daveparts - Thursday May 7, 2009
The Trickle Up Theory By David Glenn Cox Wonderful news, the recession is over and we won! Of course, when I say we I mean Wall Street and the big banks. May 6 (Bloomberg) — A peak in the number of jobless claims signals the worst U.S. recession in half a century may end in June, according to Thomas Lam, an economist at United Overseas Bank Ltd. in Singapore. May 6 (Bloomberg) — U.S. stocks advanced to a four-month high as investors speculated banks don’t need as much (...)
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A Death in the Family
By : Daveparts - Thursday April 30, 2009
A Death in the Family By David Glenn Cox Like a junkie or a crack head, American industry has become addicted to third world labor. The driving force in the economic equation has become finding the lowest cost labor source. Like stealing the family TV, or money from mother’s purse, they think only of the buzz or the high, the dividend or quarterly profit. The image is put before our eyes that everyone is doing it, just as the junkie tries to rationalize their addiction. That it (...)
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China’s GDP to overtake U.S. by early 2020s, says Deutsche Bank analyst
By : Solve et Coagula - Sunday April 26, 2009
China’s GDP to overtake U.S. by early 2020s, says Deutsche Bank analyst Mainland to become world’s largest in about a decade, says Deutsche Bank By Chris Oliver, MarketWatch Last update: 9:15 a.m. EDT April 23, 2009Comments: 310 HONG KONG (MarketWatch) — China will overtake the U.S. in terms of economic output within a decade, according to estimates released Thursday by Deutsche Bank, which said it had to accelerate its forecast of the mainland’s leadership in the (...)
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Alphabet of global downturn: Economics and the coming crisis
By : Solve et Coagula - Saturday April 25, 2009
Alphabet of global downturn: Economics and the coming crisis Financier-turned-economic pundit Jim Mellon sees no reason to be optimistic about the world’s financial future Sunday September 25, 2005 The Observer The unwelcome arrival of Katrina and Rita in the US has swept away illusions about American society. The competence of the authorities, the standard of living of many of its people, the fabric of the country’s infrastructure - all have been cast in doubt by the (...)
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Olbermann Offers Hannity $1K per Second to Be Waterboarded
By : Solve et Coagula - Saturday April 25, 2009
So, Sean Hannity told Charles Grodin on Wednesday night that he would agree to be waterboarded “for charity”—and you’d better believe that that sort of talk wasn’t lost on Keith Olbermann. On Thursday’s “Countdown,” Olbermann upped the ante for Hannity’s date with “enhanced interrogation techniques” by offering to open his own pocketbook for the cause. (...)
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The Lew Rockwell Show with Peter Schiff - April 24, 2009
By : Solve et Coagula - Friday April 24, 2009

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PLUTOCRATS TO MEET IN GREECE
By : Solve et Coagula - Friday April 24, 2009
AFP on the trail of Bilderberg group: Site near Athens, Greece, is verified to be scene of 2009 globalist coven By James P. Tucker, Jr. Bilderberg will return to its 1993 crime scene when it attempts to meet secretly in Vouliagmeni, Greece, May 14-17. Bilderberg will return to the grounds of Nafsika Astir Palace hotels in Vouliagmeni, 20 miles outside Athens, and meet behind guards at the Westin Nafsika. High on the Bilderberg agenda will be how to manipulate the global economic crisis (...)
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a wize man once wrote
By : art - Friday April 24, 2009
2 comments
maybe its time we reinvent the wheel in a world gone mad with money, thievery and terror, what better time than now to reinvent the wheel, its been done in scandanavia for a long time. we hear these nasty words like liberal and socialists, and the media had conditioned the majority to simply loathe the mentioning of the name (in a manner akin to move along nothing to see here mentality),so we tune out any understanding of what the meanings of them even are. to be liberal in a broad view (...)
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Global Crisis: Is Economics Rational? Do Economists Understand the Causes and Consequences of the Crisis?
By : Solve et Coagula - Friday April 24, 2009
by Prof. John Kozy Classical/neoclassical economics has consistently protected the wealth of the privileged; it has preserved the status quo. This is capitalism’s intent, and the evidence for it is overwhelming. It has impeded the improvement of the human condition for two hundred years, and unless it is scrapped, it will continue to do so. No mere change in government can stop it. Aristotle defined human beings as rational animals, and even today, few people would openly describe (...)
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DAZIBAO
I, European citizen, won’t let refugees be rejected in my name
Thursday 10 March
©Olivier Jobard/Myop I, European citizen, won’t let refugees be rejected in my name THE RIGHT TO ASYLUM IS A RIGHT In the phrase « right to asylum », every word matters. Under the law, every person who is persecuted because of his or her political opinions or because of his or her identity, every person that is endangered by violence, war or misery has a RIGHT to seek asylum in another country The aim of this petition is to collect (...)
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Neo-Nazis and far-right protesters in Ukraine 3 live-stream
Friday 24 January
2 comments
The far-right in Ukraine are acting as the vanguard of a protest movement that is being reported as pro-democracy. The situation on the ground is not as simple as pro-EU and trade versus pro-Putin and Russian hegemony in the region. When US Senator John McCain dined with Ukraine’s opposition leaders in December, he shared a table and later a stage with the leader of the extreme far-right Svoboda party Oleh Tyahnybok. This is Oleh Tyahnybok, he has claimed a "Moscow-Jewish mafia" (...)
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Hugo Chavez is dead (video live)
Wednesday 6 March
by : Collective BELLACIAO
1 comment
President Hugo Chavez companeros venezueliano died after a long battle with cancer.
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International initiative to stop the war in Syria Yes to democracy, no to foreign intervention!
Thursday 13 December
Your support here: http://www.peaceinsyria.org/support.php We, the undersigned, who are part of an international civil society increasingly worried about the awful bloodshed of the Syrian people, are supporting a political initiative based on the results of a fact-finding mission which some of our colleagues undertook to Beirut and Damascus in September 2012. This initiative consists in calling for a delegation of highranking personalities and public figures to go to Syria in order to (...)
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THE KU KLUX KLAN ONCE AGAIN CONTROLS INDIANA
Monday 12 November
by : David R. Hoffman, Legal Editor of Pravda.Ru
7 comments
At first glance, the results of America’s 2012 election appear to be a triumph for social, racial, and economic justice and progress in the United States: California voters passed a proposition requiring the rich to shoulder their fair share of the tax burden; Two states, Colorado and Washington, legalized the recreational use of marijuana, while Massachusetts approved the use of marijuana for medical purposes; Washington and two other states, Maine and Maryland, legalized same-sex (...)
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I’VE DECIDED TO "WASTE" MY VOTE
Sunday 28 October
by : David R. Hoffman, Legal Editor of Pravda.Ru
In a 2004 episode of Comedy Central’s animated series South Park, an election was held to determine whether the new mascot for the town’s elementary school would be a “giant douche” or a “turd sandwich.” Confronted with these two equally unpalatable choices, one child, Stan Marsh, refused to vote at all, which resulted in his ostracization and subsequent banishment from the town. Although this satirical vulgarity was intended as a commentary on the two (...)
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HIGHER EDUCATION IN AMERICA: DREAM OR NIGHTMARE? PART IV
Friday 28 September
by : David R. Hoffman, Legal Editor of Pravda.Ru
PART I PART II PART III If there is one major inconsistency in life, it is that young people who know little more than family, friends and school are suddenly, at the age of eighteen, supposed to decide what they want to do for the rest of their lives. Unfortunately, because of their limited life experiences, the illusions they have about certain occupations do not always comport to the realities. I discovered this the first time I went to college. About a year into my studies, I (...)
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HIGHER EDUCATION IN AMERICA: DREAM OR NIGHTMARE? PART III
Friday 28 September
by : David R. Hoffman, Legal Editor of Pravda.Ru
PART I PART II PART IV Disillusioned with the machinations of so-called “traditional” colleges, I became an adjunct instructor at several “for-profit” colleges. Thanks largely to the power and pervasiveness of the Internet, “for-profit” colleges (hereinafter for-profits) have become a growing phenomenon in America. They have also been the subject of much political debate and the focus of a Frontline special entitled College Inc. Unlike traditional (...)
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HIGHER EDUCATION IN AMERICA: DREAM OR NIGHTMARE? PART II
Friday 28 September
by : David R. Hoffman, Legal Editor of Pravda.Ru
PART I PART III PART IV Several years ago, a young lady came into the college where I was teaching to inquire about a full-time instructor’s position in the sociology department. She was advised that only adjunct positions were available. Her response was, “No thanks. Once an adjunct, always an adjunct.” Her words still echo in my mind. Even as colleges and universities raise their tuition costs, they are relying more and more on adjunct instructors. Adjuncts are (...)
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HIGHER EDUCATION IN AMERICA: DREAM OR NIGHTMARE? PART I
Friday 28 September
by : David R. Hoffman, Legal Editor of Pravda.Ru
PART II PART III PART IV When The Bill of Rights was added to the United States Constitution over two hundred years ago, Americans were blessed with many rights considered to be “fundamental.” One conspicuously missing, however, was the right to an education. This was not surprising given the tenor of the times. America was primarily an agrarian culture, and education, especially higher education, was viewed as a privilege reserved for the children of the rich and (...)
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ONE SOLITARY LIFE, PART TWO
Monday 30 July
by : David R. Hoffman, Legal Editor of Pravda.Ru
3 comments
If there is one universal question that haunts all human beings at some point in their lives, it is, “Why do we die?” Death, after all, is the great illogic. It ultimately claims all, the rich and the poor, the mighty and the small, the good and the evil. Death also has the capability to make most human pursuits—such as the quest for wealth, fame and power—vacuous and fleeting. Given this reality, I have often wondered why so many people are still willing to (...)
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HOW MUCH CORRUPTION CAN DEMOCRACY ENDURE?
Thursday 28 June
by : David R. Hoffman, Legal Editor of Pravda.Ru
6 comments
How much corruption can a “democracy” endure before it ceases to be a democracy? If five venal, mendacious, duplicitous, amoral, biased and (dare I say it) satanic Supreme Court “justices”—John Roberts, Samuel Alito, Antonin Scalia, Clarence Thomas and Anthony Kennedy—have their way, America will soon find out. In several previous articles for Pravda.Ru, I have consistently warned how the Supreme Court’s 2010 Citizens United decision is one of the (...)
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DEMOCRACY IN THE HANDS OF IDIOTS, PART TWO
Tuesday 12 June
by : David R. Hoffman, Legal Editor of Pravda.Ru
1 comment
Imagine, if you will, that the United States government passes a law banning advertisers from sponsoring commercials on Rush Limbaugh’s radio show or Rupert Murdoch’s Fox (Faux) “News” Network. On one hand, there would be two decided advantages to this ban: The National IQ would undoubtedly increase several percentage points, and manipulative pseudo-journalists would no longer be able to appeal to the basest instincts in human nature for ratings and profit while (...)
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DEMOCRACY IN THE HANDS OF IDIOTS
Thursday 7 June
by : David R. Hoffman, Pravda.Ru Legal Editor
4 comments
LIVE, from the State that brought you Senator Joseph McCarthy, Wisconsin voters now proudly present, fresh from his recall election victory, Governor Scott Walker! At first glance, it is almost unfathomable that anyone with a modicum of intelligence would have voted to retain Scott Walker as Wisconsin’s governor. This, after all, is a man who openly declared he is trying to destroy the rights of workers through a “divide and conquer” strategy; who received 61% of the (...)
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PEOPLE WITHOUT SOULS
Tuesday 13 March
by : David R. Hoffman, Legal Editor of Pravda.Ru
2 comments
A question I’ve frequently been asked since I began writing for Pravda.Ru in 2003 is, “Why did you become disillusioned with the practice of law?” This question is understandable, particularly since, in most people’s minds, being an attorney is synonymous with wealth and political power. I’ve always been reluctant to answer this question for fear it will discourage conscientious and ethical people from pursuing careers in the legal profession—a (...)
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