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The Sins of Alan Greenspan
Richard Backus
When Mr. Greenspan appeared on a recent BBC documentary and was forced to concede to major misunderstandings of certain market phenomena, he was being quite modest. He not only had misunderstood many economic factors, but had wittingly committed every single major blunder leading up to our current “great recession”. He bet the future of the American working class against the interests of his supporters and lost. He kept his job and the country (and half the world) went belly up. He faced the same situation as Mr. Churchill when he, as Chancellor of the British Exchequer, had to reestablish the exchange rate for the British pound when Britain rejoined the gold standard regime after the First World War (in 1926). During the war Britain had suffered a major relative productivity loss via the rest of the world (to the U.S. in particular), and should have devalued the pound to preserve British wage rate competitiveness. But the rich, Churchill’s major supporters, did not want that to happen. So he went with the rich and failed to devalue the pound, and the British economy went into a tailspin. Churchill had the decency to face the facts that he had blundered, calling this decision the second biggest mistake of his career (Gallipoli being the first). He was well aware of what he was doing but took his chances. Mr. Greenspan was also well aware of the chances he was taking, and chose to likewise support his rich backers. The only difference is that he has refused to admit his mistake and, worse yet, is continuing to encourage our current financial leaders to follow the same practices. This article covers each and every move he made and the consequences.
Will California execute an innocent man?
Mary Shaw
Kevin Cooper sits on California's death row at San Quentin. He was convicted of a quadruple murder back in 1983. Cooper has always denied any involvement with the murders. But a lot of prisoners claim they are innocent, whether or not they really are. So let's take a look at some facts of the case.
The sole survivor of the murders, Joshua Ryen, told the police that the murderers were three white men. Cooper is black. And Ryen repeatedly told police that Cooper was not involved in the murders.
On the Chopping Block: Social Security, Medicare and Medicaid
by Stephen Lendman
Planned is death by a thousand cuts - aka "creeping normalcy," defined as a way to make major changes seem normal if happen slowly, incrementally like boiling a frog unaware it's dinner until cooked.
Social Security and Medicare are dinner. Yet both are insurance, not welfare, programs funded by (worker-employer) payroll tax deductions. They're contractual federal obligations to eligible recipients who qualify. You'd never know it the way both programs are publicly discussed, explaining everything but the truth. More on that below.
Billionaire Bloomberg to America - "Suck it up!"
By Numerian posted by Michael Collins
What is it with these billionaires, lecturing us to “suck it up” if we don’t like the bailouts? A few months ago it was Charlie Munger, co-founder of Berkshire Hathaway and sidekick to the better-known Warren Buffett, who said “we shouldn’t be bitching about a little bailout”, and people facing financial troubles should just “suck it up and cope.” Back in September when Munger was speaking, we didn’t know just how little the bailout was, but now that the Federal Reserve has been forced to divulge details of its six bank emergency financing vehicles, we discover that over $3 trillion in taxpayer money was delivered to US and foreign banks, companies like General Electric, mutual funds like PIMCO, and a few individuals, some of whom happened to be billionaires like Charlie Munger. (Image)
Leaked cables confirm Pope’s distance from GMO debate and limited stance on bioethics
By Rady Ananda
A leaked June 2009 cable from the US Vatican Embassy confirms the Pontiff’s refusal to take a stance on genetically modified foods. The Pope’s refusal to reject GM foods creates a vacuum in light of his condemnation of human genetic manipulation and his promotion of environmental stewardship.
Last month, at least one news source falsely reported that the Pope approves genetically modified foods. Vatican officials immediately denied such claims, but did admit there is debate within the Pontifical Academy of Sciences. The cable confirms:
Why the West is Terrorizing Muslims?
Mahboob A. Khawaja, Ph.D.
When the European forces invaded and colonized the vast Islamic world, there were no television and sounds and voices of reason to call them as “terrorists.” The colonization scheme of things was not outcome of the Western democratic values but ferocity of violence and killings of millions and millions of human lives for the Empires in the making. The European crusaders crossed the channels and unknown time zones to subjugate the much divided Muslims as part of their nationalism perception and values that Muslims were inferior to the European race and could be used as raw material to erect the new Empires. In an information age, knowledge–driven global culture of reason, ignorance is no longer a requisite to learn from the living history. History speaks of the Al-Andalusia Arab civilization as the longest advanced civilization lasting for eight centuries in Europe. Now, the Europeans identify themselves as civilized people but the effective date for the claim remains a mystery.
The Vatican must not give legitimacy to Jewish Nazism
by Khalid Amayreh
I understand that the term "Jewish Nazism" is harsh, shocking and might well be provocative and offensive to many, especially those adhering to the Jewish faith. I have nothing against the Jewish faith per se, but I do detest the absurd but widespread use of Judaism to justify decidedly racist and criminal conduct as is happening in occupied Palestine these days.
I am not going to spend time arguing why the use of the above-mentioned term is justified. In the final analysis, when Jews, or anyone else for that matter, think, behave and act in a Nazi way, we should have no compunctions or hesitation comparing them to Nazis.
Today, Zionist circles are waging a rabid campaign aimed at convincing as many Western institutions to deal with and treat Israel as above the laws of mankind based on the fallacious myth that Jews are intrinsically superior to the rest of mankind.
Assange in the Grasp of U.S. Empire
Close Allies Hold Journalist While U.S. Comes Up With Charges and Plans Extradition
People Organizing and Acting to Support WikiLeaks
Kevin Zeese
Julian Assange has entered the firm embrace of the U.S. Empire after publishing diplomatic cables that embarrassed the United States and many countries around the world. Great Britain and Sweden are close U.S. allies who have started a Kabuki False Justice Dance that will deliver him to the U.S. war on terror courts which will treat him like an enemy combatant who committed espionage, when in fact he is an independent journalist and what he did was done by newspapers around the world.
WikiLeaks: What, really, is the problem?
By Alan Hart
Some commentators, bloggers and other writers, were quick to jump to the conclusion that the avalanche of documents being released by WikiLeaks is part and parcel of an Israeli/Mossad deception strategy. One implication being that WikiLeaks’ founder, Julian Assange is, knowingly or not, manipulated by Zionism.
On the basis of the first two or three days of the Wikileaked revelations as reported by the mainstream media, in America especially, there most definitely was a case for saying that the agenda best served by the leaked diplomatic cables was that of the Zionist state of Israel, its lobby in America and its many stooges in Congress. The essence of the case was in the message that Iran is the biggest single threat to the peace of the region and the world not only because the Israelis say so but also because Arab leaders agree with them.
CDC allegedly falsifies reports--ignoring up to 3,587 Miscarriages from H1N1 Vaccine
Gary S. Goldman, Ph.D
A shocking report from the National Coalition of Organized Women (NCOW) presented data from two different sources demonstrating that the 2009/10 H1N1 vaccines contributed to an estimated 1,588 miscarriages and stillbirths. A corrected estimate may be as high as 3,587 cases. NCOW also highlights the disturbing fact that the CDC failed to inform their vaccine providers of the incoming data of the reports of suspected H1N1 vaccine related fetal demise.
NCOW collected the data from pregnant women (age 17-45 years) that occurred after they were administered a 2009 A-H1N1 flu vaccine. The raw data is available on the website.
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