By Jonathan Stempel
"Governments are making mistakes," he said. "They're saying to all the banks, you don't have to tell us your situation. You can continue to use your balance sheet that is phony.... All these guys are bankrupt, they're still worrying about their bonuses, they're still trying to pay their dividends, and the whole system is weakened."
http://www.informationclearinghouse.info/article21447.htm
What is to be Done?
The End of the Washington Consensus
By Michael Hudson and Jeffrey Sommers
Austerity and "fiscal responsibility" are for other countries. America acts ruthlessly in its own economic interest at any given moment of time. It freely spends more than it earns, flooding the global economy with what has now risen to $4 trillion in U.S. government debt to foreign central banks.
http://www.informationclearinghouse.info/article21450.htm
We Told You
By David Sirota
Please, forgive me for saying it. I know it's a tad annoying, but it has to be said to America's ruling class in this humble column space. Because if it's not said here you can bet it won't be said anywhere else in the media, and it needs to be said somewhere on behalf of the millions of citizens who were right.
http://www.informationclearinghouse.info/article21454.htm
What Exactly is Money?
A separation of truth and myth about our monetary system
By Jon Ronnquist
Ever wonder why your representatives in government seem helpless to make real changes to bad situations? It's because the situations are only bad from where you're standing and he or she couldn't change them if they wanted to.
http://www.informationclearinghouse.info/article21451.htm
http://freepage.twoday.net/search?q=global+economy
http://freepage.twoday.net/search?q=government+debt
http://freepage.twoday.net/search?q=Jim+Rogers
http://freepage.twoday.net/search?q=Jonathan+Stempel
http://freepage.twoday.net/search?q=Michael+Hudson
http://freepage.twoday.net/search?q=Jeffrey+Sommers
http://freepage.twoday.net/search?q=David+Sirota
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