WELLINGTON: The current financial crisis is the worst the world has seen since the Great Depression of the 1930s and the US Federal Reserve move to cut interest rates will not make much difference, the Nobel Prize winning economist Joseph Stiglitz said on Wednesday.
Note - video “Former economist of the world bank…. speaking out….” below the article
The arguments are so one-sided, it’s practically a given that “peak oil” is real and threatening. Or is it? This article examines both sides. It lets readers decide and deals only with supply issues, not crucial environmental ones and the need to develop alternative energy sources. First some background.
Men keep going to war. They go for many reasons. The only defensible reason, however, is self-defense – of one’s family, one’s community, one’s country.
With war many suffer and suffer profoundly. But few gain. Why then do men go to war so often? In one way or another most soldiers are coerced or brainwashed into battle.
by James Petras
www.dissidentvoice.org, January 13, 2007
In the broadest and deepest sense, understanding how the US political system functions, the decisions of war and peace are taken, who gets what, how and why, requires that we address the question of ‘Who rules America?’ In tackling the question of ‘ruling’ one needs to clarify a great deal of misunderstandings, particularly the confusion between those who make governmental decisions and the socio-economic institutional parameters which define the interests to be served.
Video DocumentaryTony Robinson investigates the people with powerful political friends in the White House, who are trying to bring about the end of the world.Broadcast 09/16/06 - Channel 4 Documentary - Runtime 100 Minutes
WSWS : News & Analysis : World Economy
Shades of 1929: Bear Stearns collapse signals deepest crisis since Great Depression
By the editorial board
18 March 2008
However the events on Wall Street play out during the next few weeks, there is no question but that a crisis of historic magnitude is now unfolding. After a generation of relentless media propaganda, which touted the infallibility of the capitalist market and the genius of Wall Street’s financial wizards, the United States economy now stands on the very brink of an economic breakdown on a scale not seen since the Great Depression.
According to FBI whistleblower Sibel Edmonds, there is a vast black market for nukes and certain U.S. officials have been supplying sensitive nuclear technology information to Turkish and Israeli interests through its conduits. The allegation was first published by the London Times in January and Edmonds’s charge seems to be on the verge of vindication.
Curiously and quietly the United States is being out-flanked in its now-obvious strategy of controlling major oil and energy sources of the Persian Gulf, Central Asia Caspian Basin, Africa and beyond.
Even though the Vietnam War ended 30 years ago, the US.s saturation chemical bombing is still wreaking havoc on millions, including the newly born . making them third-generation victims. Nobody knows when the congenital deformities, one of many horrific health consequences of the toxic chemicals, will end.