Michael Dorfman (USA) The Americans have failed to live the way they used to live. President Obama has run for presidency under a time-worn motto of changes. He has actually told lower classes that refused to live as before that upper classes refuse to live as before too. The election […]
Global Meltdown
US Dollar vs. Yuan: Reasons Behind the Conflict
Alexander SALITZKI (Russia) Debates between the US and China over the valuation of the yuan are currently gathering momentum. A new campaign of pressure on Beijing is initiated by the US Congress which proposed a bill authorizing the government to slap duties on China’s imports based on the view that […]
Economic Justification For America’s Next War
December 2007 was the start of the global recession which after 21 months would be termed as the Great Recession. The consensus of a recovery is in doubt in spite of the massive stimulus from USA, Europe, Japan and Canada. Bernanke on 21 July 2010 “warned” Congress that the economic […]
Weak Europe
Andrei KONUROV (Russia) The world is facing a second wave of the global economic meltdown, with Europe being in the front line of it. And no matter how hard the European officials try to calm the world by saying that the European Central Bank is able to solve all financial […]
Episode 2. The US Federal Reserve.
“ … We were told to forget each other’s last names and not to eat together the day before we left. We agreed to meet at a specific time at a train station on the coast of the Hudson in New York and also to arrive alone and as discreetly […]
The Impending Economic Defeat of the West
Credit Default Swaps (CDS)—what are they? They’re compared to like buying fire insurance on your neighbour’s house — you create an incentive to burn down the house. Except its not the neighbour’s house but the debt the neighbour has taken on. The higher the debt, higher will be the insurance […]
Crisis as a Way to Build a Global Totalitarian State
Olga CHETVERIKOVA (Russia) As the world financial and economic crisis comes into its own, the Western community leaders are seeking to impress on mankind the idea that this upheaval will end up ‘turning the world into something different’. Even though the picture of the ‘new world order’ remains vague and […]
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