Looming Economic Realities
by Stephen Lendman
Conditions show weakness, not improvement. Soft-land enthusiasts face rude awakening challenges. Later in 2012 and especially 2013, expect tougher times to reshape their outlook. They're always notoriously behind the curve.
Bad policy begets bad results. Force-fed austerity promises hard times getting nasty. In fall 2007, residential housing's reversal shaped events going forward.
Real estate kept overvalued markets safe. For most US households, it's their main discretionary income source. Its trajectory went straight up for years. Doing so formed a classic bubble. Eventually they all burst.
PermalinkSystemic politics: Donkey dung and elephant manure
By Larry Pinkney
“The worst thing about the Democrat and Republican parties is that they exist. The best thing is—they really don’t have to.”—Anonymous
As the U.S. Empire unravels, its viciousness at home and abroad will increase expedientially. Systemic contradictions and the concomitant sham of ‘democracy’ as embodied by the corporate owned Democratic and Republican parties will become ever more obvious.
Despite the ongoing pathetic and scummy efforts on the part of the U.S. corporate-stream media to pass off mindless gossip, endless distractions, gross distortions, crucial omissions, and outright lies as being supposed ‘news and information,’ the enormous economic pain and austerity suffered by everyday Black, White, Brown, Red, and Yellow people will ultimately collide head-on with the fallacious systemic propaganda being massively fed to ordinary, everyday struggling people.
Violence-Wracked Honduras
by Stephen Lendman
On June 28, 2009, a coordinated State Department-Pentagon project allied with Honduran military commanders and top opposition figures ousted President Manuel Zelaya.
Industrialists, financial interests, large landowners, and transnational corporations supported the coup.
A Porfirio Lobo fascist dictatorship replaced him. Washington backs, arms and funds it.
All Honduran officers from captains on up train at the Western Hemisphere Institute for Security Cooperation (WHINSEC).
Out of the Mouths of Babes: Twelve-Year-Old Money Reformer Tops a Million Views
by Ellen Brown
The youtube video of 12 year old Victoria Grant speaking at the Public Banking in America conference last month has gone viral, topping a million views on various websites.
Monetary reform—the contention that governments, not banks, should create and lend a nation’s money—has rarely even made the news, so this is a first. Either the times they are a-changin’, or Victoria managed to frame the message in a way that was so simple and clear that even a child could understand it. Basically, her message was that banks create money “out of thin air” and lend it to people and governments at interest. If governments borrowed from their own banks, they could keep the interest and save a lot of money for the taxpayers.
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