Nationalize Money, Not Banks by Herman Daly

We Don’t Have To Be In Financial Crisis In the article below, Herman Daly, a University of Maryland and former World Bank economist, makes the case for 100% reserves. This reform, once a principle goal of important economists, would terminate the ability of the banking system to create credit to finance its own speculations and return the power over money…

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Escape From Economics

Readers ask me from time to time to recommend a book from which they can learn about economics. The problem with reading a book to learn economics that is taught in the universities and practiced in Washington is that economics is now a highly formalized subject based on abstract models and assumptions and has been mathematized. It is not that…

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Syria: Washington’s Latest War Crime

One wonders what Syrians are thinking as “rebels” vowing to “free Syria” take the country down the same road to destruction as “rebels” in Libya. Libya, under Gaddafi a well run country whose oil revenues were shared with the Libyan people instead of monopolized by a princely class as in Saudi Arabia, now has no government and is in disarray…

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The Cost of the Left-wing’s Ongoing Vendetta Against Reagan

In Memoriam: Alexander Cockburn, co-editor with Jeffrey St. Clair of CounterPunch, has died after his silent two-year battle with cancer. Although he didn’t please everyone, his was an important voice. His mother was an English aristocrat and his father was a hell-raising journalist. Alex had the traits of both of his parents. He was educated at Oxford and was an…

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One-on-One with Paul Craig Roberts

Dr. Roberts, Thank you for the interview. You were great!! (as usual) Here’s the link to the interview post on the site: http://usawatchdog.com/one-on-one-with-paul-craig-roberts-2/ Greg Hunter

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The Libor Scandal In Full Perspective

The article about the Libor scandal, coauthored with Nomi Prins, received much attention, with Internet repostings, foreign translation, and video interviews. To further clarify the situation, this article brings to the forefront implications that might not be obvious to those without insider experience and knowledge. The price of Treasury bonds is supported by the Federal Reserve’s large purchases. The Federal…

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Paul Craig Roberts – Progressive News Hour

Interesting interview with Dr.Paul Craig Roberts who served as an Assistant Secretary of the Treasury in the Reagan Administration earning fame as a co-founder of Reaganomics.

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66-minute interview for TV24.li

Interesting interview with Dr.Paul Craig Roberts who served as an Assistant Secretary of the Treasury in the Reagan Administration earning fame as a co-founder of Reaganomics.

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War On All Fronts

The Russian government has finally caught on that its political opposition is being financed by the US taxpayer-funded National Endowment for Democracy and other CIA/State Department fronts in an attempt to subvert the Russian government and install an American puppet state in the geographically largest country on earth, the one country with a nuclear arsenal sufficient to deter Washington’s aggression.…

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The Real Libor Scandal ~Paul Craig Roberts and Nomi Prins

According to news reports, UK banks fixed the London interbank borrowing rate (Libor) with the complicity of the Bank of England (UK central bank) at a low rate in order to obtain a cheap borrowing cost. The way this scandal is playing out is that the banks benefitted from borrowing at these low rates. Whereas this is true, it also…

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The Collapsing US Economy and the end of the world

In a recent column, “Can The World Survive Washington’s Hubris,” I promised to examine whether the US economy will collapse before Washington in its pursuit of world hegemony brings us into military confrontation with Russia and China. This is likely to be an ongoing subject on this site, so this column will not be the final word. Washington has been…

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Can Americans Escape the Deception?

Hot Air Day is upon us. On July 4 hot air will spew forth all over the country as dignitaries deliver homilies to our “freedom and democracy” and praise “our brave troops” who are protecting our freedom by “killing them over there before they come over here.” Not a single one of these speeches will contain one word of truth.…

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Trans Pacific Partnership: Corporate Escape From Accountability

Information has been leaked about the Trans Pacific Partnership (TPP), which is being negotiated in secret by US Trade Representative Ron Kirk. Six hundred corporate “advisors” are in on the know, but not Congress or the media. Ron Wyden, chairman of the Senate trade subcommittee that has jurisdiction over the TPP, has not been permitted to see the text or…

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