The commonly-accepted wisdom of bloggers (such as me) is that we are slowly but surely winning the battle to spread the truth.After all, the web has now become the most popular source for news.And the alternative media has sometimes pounded on stories …
Archive for the ‘Economy’ Category
Are We Winning the Battle on the Web? Or Are We Just Letting Off eSteam?
July 23rd, 2009 |
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Its Official: U.S. Trapped in an Extended Deflationary Cycle
July 22nd, 2009 |
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Bernanke has just confirmed that the Fed’s prediction is for extended deflation.In an OpEd in the Wall Street Journal, Bernanke writes:My colleagues and I believe that accommodative policies will likely be warranted for an extended period. At some poin…
Commission Investigating Financial Crisis Will Be a Whitewash
July 22nd, 2009 |
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While many people hoped that the Congressional committee on the financial crisis would launch a hard-hitting investigation like the Pecora Commission, it looks like the Commission will instead be a whitewash.Don’t get me wrong: there are some good peop…
In 1933, the American Press Was Proud that Hitler Adopted Its Propaganda Methods. Nothing Has Changed.
July 22nd, 2009 |
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In 1933, the American advertising industry proudly and publicly boasted that Hitler was copying their American propaganda techniques. After Hitler and Goebbels gave a bad name to propaganda, Freud’s nephew – psychologist Edward Bernays – simply re-bran…
Supreme Court Guts American System of Justice
July 21st, 2009 |
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The New York Times is providing important coverage of the U.S. Supreme Court’s May 18, 2009 decision in the case known as Ashcroft v. Iqbal:The lower courts have certainly understood the significance of the decision, Ashcroft v. Iqbal, which makes it …
“Blogs Are Best at Debunking Myths That Can Slip Through a Lot of the Traditional Media Outlets”
July 21st, 2009 |
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Guess who just said: Blogs are best at debunking myths that can slip through a lot of the traditional media outlets. ? Some rabbid blogger? A radical proto-terrorist? A neo-nazi? Some loser who lives in his mom’s basement? Wrong. Obama just said it. So next time an Obama official (or someone from a future administration) [...]
Demand that Government Not Push a Cure Which Causes More Harm Than Good
July 20th, 2009 |
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As I’ve repeatedly written, no matter what you think about global warming, you should demand that the government not effect a cure which is worse than the disease. See this and this.Indeed, as the Washington Post writes today, the government forced a …
Government Watchdog: Bailouts Could Rise to $23 Trillion Dollars
July 20th, 2009 |
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I have previously pointed out that “independent experts say that total government spending [for the bailouts] could rise to $20 trillion dollars.”Now, the government’s own watchdog over the various bailout efforts – the special inspector general – sa…
Government Watchdog: Bailouts Could Rise to $23 Trillion Dollars
July 20th, 2009 |
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I have previously pointed out that “independent experts say that total government spending [for the bailouts] could rise to $20 trillion dollars.”Now, the government’s own watchdog over the various bailout efforts – the special inspector general – sa…
Leading Journalist Confirms that Government Could Take Over the Power of Money-Creation for the Public Good
July 20th, 2009 |
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William Greider is a former Washington Post and Rolling Stone editor, and now writes for the Nation. Greider has written numerous books and articles on the economy over the course of many decades, including the leading book on the Federal Reserve, Secr…
Economist: “The Fevered Activity at Goldman Is a Sign of Lingering Economic Illness, Not Economic Health”
July 20th, 2009 |
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PhD economist Robert Kuttner points out that Goldman’s health shows the economy’s sickness:The financial sector has not yet returned to health, despite outsized profits (and bonuses) reported by the likes of Goldman Sachs. This is the kind of purely fi…
American Embassies Urged to Stockpile Local Currencies
July 20th, 2009 |
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A top investment advisor, Harry Schultz – who was MarketWatch’s Peter Brimelow pick for financial newsletter of the Year in 2008 – is now claiming:Some U.S. embassies worldwide are being advised to purchase massive amounts of local currencies; enough …
Your Taxpayer Dollars Were Used to Torture Children
July 18th, 2009 |
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I have repeatedly written that the U.S. has tortured children as part of the war on terror (and see this).In an excellent new article, Daily Kos adds the following information:President Jimmy Carter wrote that the Red Cross, Amnesty International and t…
Congress Woman Introduces Bill to Ban All Credit Default Swaps
July 17th, 2009 |
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I’m a little late to this story, but last week Congresswoman Maxine Waters introduced a bill to ban all credit default swaps.As Waters said:Preventing all credit-default swaps is essential to bringing stability to the market and preventing a similar cr…
Did Cheney’s Assassination Squad Operate on U.S. Soil?
July 17th, 2009 |
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Both Talking Points Memo and Raw Story are raising the possibility that Cheney’s assassination squad operated on U.S. soil. Both news sites are basing their speculation on a statement in the Washington Post that the program “imposed no geographical li…
Biden: “We’re Going to Go Bankrupt As a Nation”
July 17th, 2009 |
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Vice President Joe Biden told the AARP today:We’re going to go bankrupt as a nation. Now, people when I say that look at me and say, ‘What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt?’ The…
9/11 Lawsuit Turns Into a Show Trial
July 16th, 2009 |
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You may recall that a federal court gave Saudi Arabian royals sued by the families of the 9/11 victims immunity from being sued. Not because there wasn’t any evidence of Saudi complicity in 9/11, but because it would interfere with relations with Saud…
“The Federal Government Works for Goldman and Not for Us”
July 16th, 2009 |
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Veteran reporter Robert Scheer writes today:The federal government works for Goldman and not for us.Is Scheer’s claim over the top?Well, the assistant secretary of the Treasury under Reagan (and former senior Wall Street Journal editor) Paul Craig Robe…