Global Research Editorial Note We bring to the attention of Global Research leaders this Haaretzarticle that outlines how Argentine president Cristina Fernandez de Kirchner diplomatically warned how a terrorist attack in Argentina could be be the…
Tag: president
In the 2012 edition of Occupy Money released last week, Professor Margrit Kennedy writes that a stunning 35% to 40% of everything we buy goes to interest. This interest goes to bankers, financiers, and bondholders, who take…
Over the last 17 months that we’ve been on air, we’ve talked quite a bit about the Obama administration’s secret program of targeted killing of suspected terrorists. A small number of those targeted and killed…
There were no memorable lines in President Obama’s second inaugural address. Certainly nothing like Franklin Roosevelt’s “The only thing we have to fear is fear itself,” which was in his first inaugural, or like John…
This article was published on Martin Luther King Day in January 2009, a few days prior to Barack Obama’s first term inauguration. As the title suggest, Obama betrayed the Legacy of Dr. King from the…
President Barack Obama has another four years in office and a unique opportunity to establish a lasting legacy for himself and the United States. Deficits and national debt, along with other bread-and-butter issues like unemployment,…
The following letter to Jill Stein, Green Party candidate for president, was shared with us by Justine McCabe and Joel Kovel, two of its authors. The other signatories, also associated with the Green Party, are…
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 World Is Rapidly Changing: RETHINKING ITALIAN NATIONAL INTEREST AND STRATEGY IN A CHANGING WORLD
The world is rapidly changing. For some years now, even more rapidly. Systemic crises (and the following “great depressions”) have historically caused an acceleration of the already existing dynamics of the rise and fall of…
The Election of a “Puppet President”: High Stake Outcomes Based on Non-issues The election of the next puppet president of the “world’s only superpower” is about two and one-half months off, and what are the campaign issues? There aren’t any worthy of the name. Romney won’t release his tax returns, despite the fact that release is a customary and expected act. Either the non-release is a strategy to suck in Democrats to make the election issue allegations that Romney is another mega-rich guy who doesn’t pay taxes, only to have the issue collapse with a late release that shows enormous taxes paid, or Romney’s tax returns, as a candidate who advocates lower taxes for the rich, don’t bear scrutiny.
What are Romney’s issues? The candidate says that his first act will be to repeal Obamacare, a program that Romney himself first enacted as governor of Massachusetts. This will cost Romney political contributions from the insurance industry, which is thankful for the 50 million new private insurance policies that Obamacare, written not by Obama but by the private insurance companies, provides at public expense. It is not to the insurance industry’s benefit to have a single payer system like other western countries.