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Europe cannot afford to punish Russia

The continent would not be ready to let go of Russian oil and gas for at least 4 years Brussels is setting the stage if the current political crisis with Russia gets worse. The European Commission is now seriously assessing the impact that sanctions against Russia will have on its members, and the consequences are dire. They conclude that although Moscow would take the brunt of the damage, the ...Read full article...

The IMF “Rescue Package”: Western Looting of Ukraine Has Begun

It is now apparent that the “Maiden protests” in Kiev were in actuality a Washington organized coup against the elected democratic government. The purpose of the coup is to put NATO military bases on Ukraine’s border with Russia and to impose an IMF austerity program that serves as cover for Western financial interests to loot the country. The sincere idealistic protesters who took to the streets without being paid ...Read full article...

US-EU Trans-Atlantic Free Trade Agreement to have Devastating Social and Environmental Consequences

By Colin Todhunter GlobalResearch.ca March 31, 2014 The Transatlantic Free Trade Agreement (TAFTA) between the US and EU aims to ‘protect’ investment and remove ‘unnecessary regulatory barriers’. Corporate interests are driving the agenda, the public have been sidelined and unaccountable, pro-free-trade bureaucrats are facilitating the strategy (1). There is growing concern that the negotiations could result in the opening of the floodgates for GMOs and shale gas (fracking) in Europe, the threatening of digital ...Read full article...

US Sanctions on Russia are Indirect Sanctions on the EU

European countries are toeing the US line on sanctions against Russia, but when it comes to the economy they say they don’t want those sanctions, Michel Chossudovsky, Director of the Center for Research on Globalization, told RT. RT: Obama said that the West is united against Russia, and that Russia could face further isolation. Angela Merkel, though, wants to deescalate the situation. The Czech parliament also voted against more ...Read full article...

Europe Plans for Life away from Russia

Shortly before Putin came to power, the Russian and EU leaders agreed to meet twice a year, once in Russia and once in Europe, to manage their many common interests. The meeting included a working dinner between top officials of both trading blocks in a relaxed way. These meetings, held since 1997, run the risk of being interrupted should the group of 28 suspend the next bilateral summit in June. With steps ...Read full article...

Austerity and IMF “Economic Medicine”: The Looting Of Ukraine Has Begun

According to a report in Kommersant-Ukraine, the finance ministry of Washington’s stooges in Kiev who are pretending to be a government has prepared an economic austerity plan that will cut Ukrainian pensions from $160 to $80 so that Western bankers who lent money to Ukraine can be repaid at the expense of Ukraine’s poor.  http://www.kommersant.ua/doc/2424454  It is Greece all over again. Before anything approaching stability and legitimacy has been ...Read full article...

Inequality Grows in Large American Cities

As it often happens, lack of better living conditions in less urbanized areas results in massive migration to large cities, where most newcomers become victims of urban inequality. The growing income inequality in America has its greatest reflection in large cities, where the pressing income gap between rich and poor becomes more palpable and real. Inequality is such a deep problem that even Barack Obama labeled it as “the greatest challenge of our time”. The ...Read full article...

Swiss politician explains the negative impacts of open borders policy

Luzi Stamm is the Vice president of the People’s Party in Switzerland. He recently spoke about his country’s referendum results in which the nation closes the door to open borders. Mr. Stamm not only made a clear difference between his country and the rest of Europe, but also spoke thoroughly about Switzerland immigration policy that is open to the arrival of immigrants, but that opposes what the European Union ...Read full article...

Global Capitalism Has Written Off The Human Race

Economic theory teaches that free price and profit movements ensure that capitalism produces the greatest welfare for the greatest number. Losses indicate economic activities where costs exceed the value of production, thus investment in these activities is curtailed. Profits indicate economic activities where the value of output exceeds its cost, thus investment increases.  Prices indicate the relative scarcity  and value of inputs and outputs, thus serving to organize production ...Read full article...

European Union retaliates against Switzerland for its anti-immigration policies

The Swiss referendum to curb immigration from Europe has already had its first consequences. The European Commission has stalled negotiations with Switzerland to determine their participation in major research programs and the Erasmus project. The EU executive has decided to freeze the contacts because the Swiss authorities have already started to implement the mandate of their citizenship and renounced the “open borders” policy that reigns all over the EU. Switzerland ...Read full article...

Suicides of Bank Executives, Fraud, Financial Manipulation

The agenda is to steal and appropriate wealth through market manipulation. “Just last month, JPMorgan Chase acknowledged that it facilitated the largest Ponzi scheme in history, looking the other way as Bernie Madoff brazenly turned his business bank account at JPMorgan Chase into an unprecedented money laundering operation that would have set off bells, whistles and sirens at any other bank. The U.S. Justice Department allowed JPMorgan to pay ...Read full article...

Switzerland moves to curb immigration, protect its labor market

The new measure restores the principle of preference for domestic versus foreign worker. The Swiss citizens decided in a referendum Sunday to limit the entry of citizens from countries of the European Union ( EU) to its labor market. The referendum established a set of annual quotas to be implemented within three years. The official results of all Swiss counties, except Zurich, where final counting is still being completed- ...Read full article...

Should The Minimum Wage Be Raised?

“The ladders of upward mobility that made America an opportunity society have been dismantled by the movement abroad of America’s high value-added, high productivity jobs, leaving displaced Americans with only lowly paid domestic service jobs, such as retail clerks, waitresses, bartenders, and hospital orderlies. Making low pay jobs more livable makes the dismantling of the opportunity society more acceptable.” Some years ago when I was Business Week’s columnist an ...Read full article...

What Is Supply-Side Economics?

Supply-side economics is an innovation in macroeconomic theory and policy. It rose to prominence in congressional policy discussions in the late 1970s in response to worsening Phillips Curve trade-offs between inflation and unemployment. The postwar Keynesian demand management policy had broken down. The attempts to stimulate employment brought higher rates of inflation, and attempts to curtail inflation resulted in higher rates of unemployment. In other words, the Phillips curve ...Read full article...

Why is the Federal Reserve Tapering the Gold Market?

On January 17, 2014, we explained “The Hows and Whys of Gold Price Manipulation.” Naked Gold Shorts: The Inside Story of Gold Price Manipulation By Dr. Paul Craig Roberts and David Kranzler, In former times, the rise in the gold price was held down by central banks selling gold or leasing gold to bullion dealers who sold the gold. The supply added in this way to the market absorbed ...Read full article...