Zhang Zhaozhong accuses U.S. of using drills with Japan as practice for invasion A People’s Liberation Army Admiral has fanned the flames of tensions surrounding the island dispute between China and Japan by suggesting that…
Category: Asia
The Fed Now Owns Your Foreclosed Property Under QE3 Purchases of Toxic Assets On ABC’s “This Week”, George Will, columnist for the propaganda news outlet Washington Post, spoke out against Ben Bernanke, Chairman of…
The economy could use a good dose of “aggregate demand”—new spending money in the pockets of consumers—but QE3 won’t do it. Neither will it trigger the dreaded hyperinflation. In fact, it won’t do much at all. There are better alternatives. The Fed’s announcement on September 13, 2012, that it was embarking on a third round of quantitative easing has brought the “sound money” crew out in force, pumping out articles with frighting titles such as “QE3 Will Unleash’ Economic Horror’ On The Human Race.” The Fed calls QE an asset swap, swapping Fed-created dollars for other assets on the banks’ balance sheets. But critics call it “reckless money printing” and say it will inevitably produce hyperinflation. Too much money will be chasing too few goods, forcing prices up and the value of the dollar down. All this hyperventilating could have been avoided by taking a closer look at how QE works. The money created by the Fed will go straight into bank reserve accounts, and banks can’t lend their reserves. The money just sits there, drawing a bit of interest. The Fed’s plan is to buy mortgage-backed securities (MBS) from the banks, but according to the Washington Post, this is not expected to be of much help to homeowners either.
The Neocons’ Project for the New American Century: “American World Leadership” – Syria next to Pay the Price? “In every age it has been the tyrant, the oppressor and the exploiter, who has wrapped…
Former US President Jimmy Carter claimed Venezuela’s electoral system is “the best in the world” (agencies). Mérida, 21st September 2012 (Venezuelanalysis.com) – Former US President Jimmy Carter has declared that Venezuela’s electoral system is…
Both the US and Israel have threatened to implement a preemptive first strike attack against Iran, the consequences of which would be devastating… Reverse the Tide of War We call upon our readers to spread the message far and wide. We call upon people across the land, in America, Western Europe, Israel, Turkey and around the world to rise up against this military project, against their governments which are supportive of military action against Iran, against the media which serves to camouflage the devastating implications of a war against Iran. The people of Israel are largely united against Prime Minister Netanyahu’s resolve to attack Iran. A protocol of non-aggression should be reached between Israel and Iran.
Missed Opportunities: Inward Focus on Domestic Issues and Parochialism May Lead to a Start-up Delay or “Watered Down” ASEAN Economic Community (AEC) in 2015 ASEAN potential as a major trade player Although the pundits…
The war of words between Israel, Canada, the USA and Iran has turned ferocious but it is unlikely that the the US-led 30 nations naval exercise IMCMEX 12, held in the Persian Gulf between 16…
Abla Sa´adat, the Chairwoman of the Palestinian Women Organizations and wife of the Secretary General of the Popular Front for the Liberation of Palestine (PFLP) visited Denmark. I met Abla Sa´adat at a meeting where…
Early this week, sixty-five American soldiers landed in Kathmandu and moved to Dhikurpokhari of Kaski district of Nepal. They are also travelling in Manang and Mustang districts bordering China’s Tibet region. Ostensibly they are on a “humanitarian mission” of assessing the quality of healthcare services available to the local people. They have been meeting health workers and holding talks with NGOs working in these parts. This job could have been better accomplished by a team of public health experts in civilian dress.