Posts Tagged ‘End of empire’
It’s falling fast
Posted by seumasach on June 10, 2011
Posted in Drive to Global War, Financial crisis | Tagged: economic collapse, End of empire | Leave a Comment »
Britain is massively in debt
Posted by seumasach on June 9, 2011
Here you can find the deadly truth about Britain and its coming economic implosion. We are in a deep, dank, black hole and have resolved to bomb our way out. All we need to crown our misery is a further run on the pound.
The scandalous way thrift is still losing out to profligacy
Jeremy Warner
9th June, 2011
The old ones are always the best, so I make no apologies for starting this column with Wilkins Micawber’s famous observation about the importance of living within your means:
“Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.”
The situation with Britain’s current account deficit is lamentably rather more serious than a mere six shilling overspend.
Posted in UK economy | Tagged: bankrupt Britain, economic collapse, End of empire | Leave a Comment »
US breathes life into a new cold war
Posted by seumasach on June 6, 2011
M.K.Bhadrakumar
7th June, 2011
There might have been a difference of opinion between the classical Greek dramatist Aeschylus and British romantic poet Percy Bysshe Shelley regarding the circumstances of the release of the Titan god Prometheus from captivity: whether it followed reconciliation with Jupiter, as the classicist thought, or a rebellion, as the romantic insisted. In either case, Prometheus was “unbound”.
Posted in New Cold War | Tagged: End of empire, Multipolar world, Obama agenda, Russian diplomacy | Leave a Comment »
Obama, financial war and the elimination of DSK
Posted by seumasach on May 30, 2011
Thierry Meyssan
28th May, 2011
It is impossible to understand the downfall of Dominique Strauss-Khan without linking it to his project for the creation of a new international reserve currency, which was to be launched on 26 May 2011 at the Deauville G-8 summit. The project was paradoxically anticipated as much by the Emerging States as by stateless capital, but rejected by the U.S.-Israeli military-industrial complex. Thierry Meyssan exposes the chicanery of the Obama administration to dodge its commitments.
Posted in Currency Wars, Financial crisis, Libya | Tagged: dollar collapse, DSK, End of empire, IMF reform, new financial architecture | Leave a Comment »
Economic green shoots, exit strategy, no QE3 money printing
Posted by seumasach on May 26, 2011
Jim Willie
26th May, 2011
It is not clear whether the American financial community has the ability to observe and conclude that the US Federal Reserve is adrift and relies upon deception as policy in revealing its directions. Its position is to hold steady, inflate to oblivion, support financial markets in heavy volume secretly, and lie about leaving its trapped policy corner. The USFed is a propaganda machine that deals with ruses as a substitute for transparent policy discussion in the public forum. Two years ago the ruse disseminated widely was the Green Shoots of an economic recovery that had no basis at all.
Posted in Financial crisis | Tagged: dollar collapse, End of empire, Financial crisis, QE3 | Leave a Comment »
Vince Cable: Britain faces another economic crash
Posted by seumasach on May 26, 2011
The imminent explosion is there for all to see. Looking round Glasgow, from the commercial centre to suburbia, to inner city tenements, “for sale” and “to let” signs are everywhere. This is the next wave of bad debts to hit the banks. Traffic is noticebly thin, shops are closing, restaurants and pubs are emptying; you don’t have to queue at the supermarket checkouts even though half of them are closed. Britain is heading for shutdown, the consumer economy is on its last legs: there is no other. Meanwhile, in his Downing street bunker, Cameron and his remaining faithful live out their fantasy of a global Reich following on from the pacification of Libya, the latest madcap imperial venture: we’ll go down bombing till the end.
Incidently, Cable is making a clear move to distance himself from the Coalition leadership who he has upset by claiming, in a veiled reference to Britain’s dilemma, that just cutting will not solve Greece’s debt problems. Even more upsettingly for Cameron and company, he claimed that the euro wouldn’t collapse. The cracks are beginning to appear in the monolithic British elite.
25th May, 2011
The Business Secretary said other economic “hydrogen bombs” were “out there” and accused the Coalition and other governments of failing to “get to grips” with the threat.
Posted in UK economy | Tagged: End of empire | Leave a Comment »
Iraqis protest prolonged US military stay
Posted by seumasach on May 26, 2011
More than 20,000 people assembled in Sadr City, a suburb of the Iraqi capital, to send a warning message to the US government that Washington is likely to suffer the consequences of extending its presence in their war-torn country, a Press TV correspondent reported early Thursday.
The leader of Iraq’s Sadr Movement, Muqtada al-Sadr, was among the officials who attended the demonstration to show unity with the people of Iraq.
In April, al-Sadr warned of an “escalation of military resistance” in Iraq if the US forces do not leave by the appointed deadline.
Earlier on Friday, Dhiya al-Showki, the head of the social committee of the movement, urged the government of Iraqi Prime Minister Nouri al-Maliki to follow through on a three-year-old US-Iraqi agreement that calls for all American forces to leave the country by December 31, 2011.
The United States is mandated to withdraw its forces from war-wrecked Iraq by the end of the year in line with the 2008 US-Iraq Status of Forces Agreement (SOFA).
Based on the agreement, Washington had to end its combat operations in Iraq in August 2010.
Despite claims by the United States that it no longer engages in combat actions in Iraq, there have been numerous reports of involvement of the US troops in military operations in the Middle Eastern country.
PressTV
26th May, 2011
Iraqi demonstrators have gathered in the Iraqi capital of Baghdad to protest against the US attempts to prolong its military presence in the Middle Eastern country beyond the 2011 deadline.
Washington and its allies invaded Iraq in 2003 under the pretext of finding weapons of mass destruction stockpiled by the executed Iraqi dictator Saddam Hussein.
Posted in Iraq | Tagged: End of empire | Leave a Comment »
US pushes Osama onto Afghan chessboard
Posted by seumasach on May 10, 2011
Gareth Porter
10th May, 2011
WASHINGTON – United States President Barack Obama and top administration officials have taken advantage of the killing of Osama bin Laden to establish a new narrative suggesting the event will pave the way for negotiations with the Taliban for peace in Afghanistan.
Posted in Afghanistan | Tagged: End of empire | Leave a Comment »
Budget/T-Bonds/Dollar, the three US crises
Posted by seumasach on May 9, 2011
GEAB no.54
16th April, 2011
The 15 September 2010, GEAB N°47 issue was headed «Spring 2011: Welcome to the United States of Austerity / Towards the very serious breakdown of the world economic and financial system ». Yet at the end of summer 2010, most experts believed first, that the debate on the US budget deficit would remain a mere subject of theoretical discussion within the Beltway (1) and secondly, that it was unthinkable to imagine the United States engaging in a policy of austerity because it was sufficient for the Fed to continue to print dollars. Yet, as everyone has been able to see for several weeks, Spring 2011 really did bring austerity to the United States (2), a first since the Second World War and the setting up of a global system based on the ability of the US engine to always generate more wealth (real from 1950 to 1970, increasingly virtual thereafter).
Posted in Financial crisis, UK economy | Tagged: End of empire | Leave a Comment »
Plummeting US dollar: the age of America is over
Posted by seumasach on May 1, 2011
Paul Craig Roberts
29th April, 2011
Today the Swiss franc made yet another new high against the super dollar, as it has been doing for 120 days. What you are reading in the graphs is less and less of the foreign currency that one dollar can buy. Of course, gold and silver also consistently hit new highs.
Posted in Financial crisis | Tagged: dollar collapse, End of empire | Leave a Comment »
China determined to end the reign of the US currency
Posted by smeddum on April 28, 2011
28th April, 2011
Earlier this month the BRICS countries (Brazil, Russia, India, China, South Africa) agreed at their summit meeting in Sanya, China, to establish mutual lines of credit in local currencies. On the face of it, this is an innocuous effort by the world’s fastest growing countries to strengthen their mutual relationship . However, in the context of the emerging global power relations , this is yet another important step in the Chinese initiative to end the reign of the dollar as the world’s single reserve currency.
Posted in Currency Wars | Tagged: End of empire | Leave a Comment »
In These New Times 