25 November, 2012 — The Real News Network
Michael Hudson: Fiscal cliff was manufactured to shift more of the burden of the crisis onto ordinary people (inc. transcript) Continue reading
13 September 2012 — The News Dissector
New York, New York: It feels like Iran Week in the USA
Using an exaggerated if fictive Iranian threat to create nuclear weapons as their pretext, Israeli politicians are blatantly and publicly inserting themselves in America’s Presidential elections, demanding that President Obama do their bidding by articulating so-called “red lines” to further threaten Tehran.
23 May 2012
It is an ironic twist of history that Greece, the cradle of Western culture, today, 2500 years after the acme of Hellenic glory, appears on the stage of history in the best of cases as victim, and in the worst, as the symbol of the threat to the collapse of the West European society.
Post sponsored by Gaither Stewart, Senior Editor, TGP
With our thanks to Paul Carline
Television images of demonstrators being teargassed by riot police in Athens on Sunday night followed the usual rules of media coverage of civil unrest – plenty of graphic images with little or no honest representation of the story behind the actual events.
7 December 2011 — Michael Hudson
As first published in Frankfurter Allgemeine Zeitung
The easiest way to understand Europe’s financial crisis is to look at the solutions being proposed to resolve it. They are a banker’s dream, a grab bag of giveaways that few voters would be likely to approve in a democratic referendum. Bank strategists learned not to risk submitting their plans to democratic vote after Icelanders twice refused in 2010-11 to approve their government’s capitulation to pay Britain and the Netherlands for losses run up by badly regulated Icelandic banks operating abroad. Lacking such a referendum, mass demonstrations were the only way for Greek voters to register their opposition to the €50 billion in privatization sell-offs demanded by the European Central Bank (ECB) in autumn 2011.
18 September, 2011 — Global Research
The Obama administration is intent on applying supply side principles to get the American economy out of the present recession, but supply side principles are based on the belief that if the government cuts taxes on the wealthy, they will invest their savings in new factories, that newly hired workers will increase employment, and that more output will increase tax receipts. But there is no way to make sure the wealthy actually invest their wealth in productive enterprises, especially in the U.S.
1 August, 2011– Global Research
The debt ceiling crisis can be averted by enforcing the Fourteenth Amendment, which mandates the government to pay its debts already incurred, including pensions. That means Social Security, which IS an “entitlement,” in the original sense of the word. We’re entitled to it because we’ve paid for it with taxes.
-Ellen Brown, Bipartisan “Russian Roulette” and America’s Federal Debt