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Is U.S. Government Shutdown a Rehearsal for Privatization of the Federal State System?

The “shutdown” of the US government and the financial climax associated with a deadline date, leading to a possible “debt default” of the federal government is a money making undertaking for Wall Street.  Several overlapping political and economic agendas are unfolding. Is the shutdown –implying the furloughing of tens of thousands of public employees– a  dress rehearsal for the eventual privatization of important components of the federal State system? ...Read full article...

Worse Than The Great Depression, Gold And Silver Prices Will Explode

Economist Dr. Paul Craig Roberts contends, “The situation is unsustainable.” It will blow up at some point, and Dr. Roberts predicts, “It will be worse than the Great Depression because in the Great Depression, prices fell along with employment. Now, prices will be rising and employment would be falling. . . . Gold and silver prices will explode in dollar terms.” Join Greg Hunter of USAWatchdog.com as he goes ...Read full article...

Oil May Fuel Militarization of the Arctic Region

As world powers team up to secure the ecology in the Arctic, the rivalry over its rich oil and gas resources is heating up. Michel Chossudovsky from the Centre for Research on Globalization explains that the battle for the North Pole is high on the global military agenda. Finding a way to extract the vast riches of the Arctic region without subjecting it to technological disasters is what leaders ...Read full article...

Polish Economic Miracle Fading Down

Until a few months ago, there was talk of Poland as an economic miracle. It is the only European country that has not entered into recession since the 2008 financial crisis hit and instead grew to 4.5% in 2011. Since winning the 2007 elections, the liberal candidate Donald Tusk, 56, had made the country a benchmark of stability among its neighbors in Central and Eastern Europe and had Germany ...Read full article...

Detroit Mirrors America’s Decline

America’s been declining for decades. It’s going the way of all empires. It’s dying a slow death. It’s epitaph one day will read hubris and overreach killed it. Misguided policies don’t work. Chalmers Johnson once said it’s “too late for mere scattered reforms.” They won’t make a damn bit of difference. It’s fate is practically sealed. It’s on a slippery slope the wrong way. It’s happening in real time. ...Read full article...

Greek Parliament Dismisses Thousands of Government Workers

The Greek parliament has approved 109 items with the arrangements for the dismissal of several thousand employees and a series of fiscal reforms agreed with the troika. The bill received 153 votes, the number corresponding to the sum of the members of the conservative New Democracy and socialist Pasok Parties, the two members that make up the bipartisan government. In an unprecedented initiative, since it involves the dismissal of ...Read full article...

Historical Roots of the Social Crisis in Brazil. The Role of the IMF

More than a million people across Brazil have joined one of the largest protest movements in the country’s history. Ironically, the social uprising is directed against the economic policies of a self-proclaimed “socialist” alternative to neoliberalism led by the Worker’s Party government of president Dilma Rousseff. The IMF’s “strong economic medicine” including austerity measures, the privatization of social programs have been implemented under the “progressive” and “populist” banner of ...Read full article...

Mass Poverty, Social Inequality and the Thirdworldization of America

Center for Economic and Policy Research co-director Dean Baker calls poverty America’s “new growth industry.” The state of today’s America is deplorable. In his latest May 3 analysis, economist John Williams said “April “employment and unemployment data were nonsense: the economy remains in serious trouble.” About 23% of Americans wanting work can’t find it. Most jobs are temp or part-time low pay/poor or no benefit service ones with no ...Read full article...

Europeans still expect the worst of the crisis to come

Most Europeans believe that the crisis will worsen next year. Despite the official message that economies clearly begin to grow next year, people still believe that the worst is yet to come, according to a European survey conducted in April by Ipsos and Publicis. At the head of pessimism are the French with 73% of them who believe things will get worse and, paradoxically, the Spanish are the most ...Read full article...

A Greater Threat Than Terrorism: Offshore Outsourcing of American Jobs

Is offshore outsourcing good or harmful for America? To convince Americans of outsourcing’s benefits, corporate outsourcers sponsor misleading one-sided “studies.” Only a small handful of people have looked objectively at the issue. These few and the large number of Americans whose careers have been destroyed by outsourcing have a different view of outsourcing’s impact. But so far there has been no debate, just a shouting down of skeptics as “protectionists.” ...Read full article...
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