Crisis Is Beyond The Reach of Traditional Solutions

By Paul Craig Roberts

I cannot predict the future. However, I can explain what the problems are, how they differ from past times of troubles, and why traditional remedies, such as the public works programs that Reich proposes, are unlikely to succeed in reviving the U.S. economy.

//www.informationclearinghouse.info/article21218.htm



A Credit Crisis or a Collapsing Ponzi Scheme?

The Two Trillion Dollar Black Hole

By PAM MARTENS

Bloomberg News reporter, Mark Pittman, filed a Freedom of Information Act request (FOIA) with the Federal Reserve asking for detailed information relevant to whom the central bank was giving these massive loans and precisely what securities these firms were posting as collateral.

//www.informationclearinghouse.info/article21210.htm



Who Got Bailout Money So Far?

By Reuters

The Troubled Asset Relief Program (TARP) has so far committed the following funding:
//www.informationclearinghouse.info/article21219.htm



U.S. Military Fails To Learn An Ancient Military Lesson

No Industrial Economy Equals No Army

By Richard McCormack

It wasn't long ago that the world watched the collapse of the Soviet Empire. At the time, the USSR had a mighty military force that was overextended throughout the world and was bogged down in Afghanistan. Within a flash in 1989, the Soviet Union came tumbling down, not because it could not produce tanks and nuclear warheads, but because it couldn't produce bread. The collapse happened so rapidly it even surprised the U.S. intelligence community.

//www.informationclearinghouse.info/article21214.htm



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