“to negotiate the end of Anglo-American hegemonism” is precisely the precondition for what Tarpley is talking about. This has to be stressed: without dismantling the political and military apparatus of empire the dollar and Anglo-America will collapse catastrophically.
The second wave of the world economic depression is coming soon. Larry Summers, the economics czar of the Wall Street puppet regime currently in power in Washington, recently confessed to the Financial Times in an unguarded moment: “I don’t think the worst is over ….” A few weeks earlier, Jacques Attali, who served in the 1980s as the main economics adviser to French President Mitterrand, told an audience at the International Economic and Financial Forum (FIEF) in Paris that the world might well soon face a planetary Weimar “in the form of a hyperinflationary depression similar to the German events of 1922 – 1923.
The Germans have demanded that gold bullion held in US custodial accounts be returned to their owners, with physical gold shipped back to Germany. from Golden Jackass 28th May 2009
International journalist Max Keiser has just posted a nine-minute documentary he has done about the British government’s gold sales that were begun in 1999 and now are disparaged as “Brown’s Bottom,” after then-Chancellor, now-Prime Minister Gordon Brown, who decided upon the sales and remains unashamed that they marked the bottom of the gold market. Keiser’s documentary is based largely on an interview with Conservative Party opposition Member of Parliament Phillip Hammond, who is shadow chief secretary of the treasury and who remarks that the British gold sales seem to have been structured precisely to knock the price of gold down rather than to maximize the return to the British government. Hammond also wonders aloud whether “something other than achieving the best price” might have been the objective of the gold sales scheme. Read the rest of this entry »
Russian President Dmitry Medvedev made a four-day, four-nation trip to Egypt, Nigeria, Namibia and Angola in late June, his first to the African continent as the Russian leader. Besides Egypt, his tour of three Sub-Sahara countries is the first by a post-Soviet Russia Head of State. Read the rest of this entry »
6, 2009 “When some of State’s desk officers don’t want to create international incidents by advising activists on how to overthrow governments, they gently suggest visiting Ackerman, who has fewer qualms about lending a helping hand.” [1]
Peter Ackerman, an immensely wealthy investor and board member of the premier U.S. foreign policy think-tank, the Council on Foreign Relations, [2] and Robert Helvey, a 30 year veteran of the U.S. Army [3] who served two tours of duty in Vietnam [4], are the principal proponents of a nonviolent alternative to military intervention in the pursuit of U.S. foreign policy goals. Read the rest of this entry »
Hostile economic conditions have seen more than 33,000 people file for bankruptcy in the last quarter alongside 5,055 company liquidations and 1,529 other collapses.
A great question to ask is: what was the first important chapter written in nonsensical Economic Mythology? It gave powerful intellectual protection and coverage by economists, and resulted in widespread acceptance. The answer is clearly the break in the Bretton Woods Accord, when in 1971 Nixon broke the gold standard and permitted the USDollar to float on a cloud of arrogance and on a wave of liquidity that is best described as debt mixed with counterfeit. Little known then, but better known now, is the role of the USMilitary in propping up the value and acceptance of the USDollar. The nation and world were told that greater flexibility would result in order to build economies, deal with cyclical problems, and contend with the needs of global population growth. The momentum of destruction is powerful, damage accelerating, and platforms disintegrating. The key to mythology is to recognize it as nonsense spouted by the high priest economists whose handiwork of destruction must be hidden from view, only to see yet another chapter unfold that captures the attention of the innocent and ignorant. The priesthood is left in charge of the intellectual dogma behind mythology, not much different from communist mumbo jumbo about power to the proletariat, complete with a supporting cast of a Politburo. The US Politburo is hidden from view, a pack of misfit incompetents and established failed figures continuing to spout policy and to manage Fannie Mae, AIG, and now General Motors. The US Federal Reserve is the keeper of the Holy Grail, now manifested in criminal confiscation and disbursement of USCongressional funds, and a secretive balance sheet. Watch them defy the US Supreme Court. Their dogma is mostly vapor with little substance, sufficient to keep the population in participation or at bay, but at least confused. Read the rest of this entry »
From G8 to G20, many heads of state and government seem to delight in repeating that nothing will ever be the same again. The world is changing, to the point of being turned on its head by the crisis; the way we think and act in terms of financial regulation, international relations and development aid must therefore, according to them, change too. However, numerous examples contradict all this big talk. The situation in which Iceland now finds itself following the implosion of its banking system and the emergency nationalisation of its three main banks (Kaupthing, Landsbanki and Glitnir) is undoubtedly one of the most significant of these examples. This small country of 320,000 inhabitants is now reeling under the weight of billions of Euros of debt, which has absolutely nothing to do with the vast majority of its population and which Iceland cannot afford to pay.
In These New Times 