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Excess Debt and Deflation Equals Depression
Stephen Lendman
Irving Fisher (1867 - 1947) was perhaps the most noted economist of his day. The Concise Encyclopedia of Economics calls him "one of America's greatest mathematical economists and one of" its clearest writers. He earned special acclaim for his work on monetary and statistical theory, policy, index numbers, econometrics, and the distinction between real and nominal interest rates.
He's also remembered for having made one of the worst and most ill-timed ever stock market calls that cost him his reputation and millions in the subsequent crash - on October 17, 1929 (a week before Black Thursday) when he said "stock prices had reached what looks like a permanently high plateau."
El Khoudary calls on bringing Israeli leaders to Courts of Justice
Popular Committee Against Siege (PCAS)
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Chairman of Popular Committee Against Siege, Independent Mp Jamal El Khoudary, called on bringing Israeli leaders for courts in accountancy for their human rights violation and the siege on Gaza strip.
El Khoudary welcomed the report issued by United Nation's expert in human rights, Richard Falk in regard of human rights conditions in Gaza. The report criticized the Israeli policies against Palestinians considering them as equal to war crimes against humanity.
He also welcomed Richard's call to implement the humanitarian laws and charters in Palestine to protect the civilians being exposed to a policy of collective punishment equals war crimes.
PCAS Chairman touched upon the need of implementing the call of Mr. Falk on the ground saying, " the situation in the Gaza strip is direful and there has to be a quick and prompt implementation of all humanitarian laws as Mr. falk requested."
Federal Reserve Refuses to Disclose Recipients of $2 Trillion in Lending
Mark Pittman
The Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of emergency loans from U.S. taxpayers and the assets the central bank is accepting as collateral.
Bloomberg filed suit Nov. 7 under the U.S. Freedom of Information Act requesting details about the terms of 11 Fed lending programs, most created during the deepest financial crisis since the Great Depression.
The Fed responded Dec. 8, saying it’s allowed to withhold internal memos as well as information about trade secrets and commercial information. The institution confirmed that a records search found 231 pages of documents pertaining to some of the requests.
“If they told us what they held, we would know the potential losses that the government may take and that’s what they don’t want us to know,” said Carlos Mendez, who oversees about $14 billion at New York-based ICP Capital LLC.
EU rewards Israel for starving Gazans, expanding colonies
By Khalid Amayreh in occupied East Jerusalem
On Monday, 8 December, European Union (EU) foreign ministers decided to boost relations with the apartheid state of Israel.
The decision opens the way towards a first-ever EU-Israel summit in the coming months, perhaps during the Czech Republic’s presidency of the bloc, in the first half of 2009.
The EU will also consider inviting Israel to participate in the civilian missions linked to its security and defense policy.
Czech officials have pointed out that upgrading EU-Israeli relations will be one the Czech Republic’s main priorities when it takes over the EU presidency from France in January.
A Brief History of CIA Involvement in Drug Trafficking
William Blum
The CIA and Drugs Just say "Why not?"
1947 to 1951, France
CIA arms, money, and disinformation enabled Corsican criminal syndicates in Marseille to wrestle control of labor unions from the Communist Party. The Corsicans gained political influence and control over the docks -- ideal conditions for cementing a long-term partnership with mafia drug distributors, which turned Marseille into the postwar heroin capital of the Western world. Marseille's first heroin laboratories were opened in 1951, only months after the Corsicans took over the waterfront.{3}
Early 1950s, Southeast Asia
The Nationalist Chinese army, organized by the CIA to wage war against Communist China, became the opium barons of The Golden Triangle (parts of Burma, Thailand and Laos), the world's largest source of opium and heroin. Air America, the CIA's principal airline proprietary, flew the drugs all over Southeast Asia.{4}
Interview with Prof. James Russell
Interview by Kourosh Ziabari
Nowadays, you hear the name of Iran for the most catastrophic reasons in the global media headlines. Nuclear weapons, terrorism, mass destruction, violation of human rights, abduction of freedom activists etc. Such hostile approach for the coverage of Iran news which has been taking by the corporation media since long times ago would easily sequence to an international pessimism toward the people of Iran, the culture of Iran and the history of Iran. That's why, Iran is somehow interpreted as the most misrepresented, misunderstood country in the world that is being distorted by image despite of its richness of civilization.
Speaking to an American scholar of Persian Culture who has devoted almost 15 years of his lifetime to studying the furthest angels and brinks of Persian culture and Iranian lifestyle is worth reading at least once for it gives a clarified and impartial viewpoint of Iran, what the outgoing President of US calls the "Axis of Evil".
James Russell is a world-distinguished figure, a well-known name for those interested in Persian culture, Persian civilization and Iranian studies. He is a Professor of Armenian Studies at Harvard University and the a former Associate Professor of Ancient Iranian studies at Columbia University while teaching at the Hebrew University of Jerusalem priorly.
Israeli navy bars ship sent by Arab leaders and leftist activists from sailing to Gaza
Saed Bannoura
[Eid ul-Fitr (Arabic: عيد الفطر ‘Īdu l-Fiṭr), often abbreviated to Eid, is a Muslim holiday that marks the end of Ramadan, the Islamic holy month of fasting. Eid is an Arabic word meaning "festivity", while Fiṭr means "to break the fast" and so the holiday symbolizes the breaking of the fasting period. It is celebrated starting on the first day of the Islamic month of Shawwal. Eid ul-Fitr is a three day celebration. WikiPedia]
The Israeli navy barred on Sunday morning a ship which was supposed to sail from Jaffa port to the Gaza Strip carrying medical and humanitarian supplies. The ship was organized by Arab leaders and leftist activists in Israel, the Arabs48 news website reported. The ship, was dubbed “the Eid Ship”, as the Muslims will be marking the Adha Eid (feast) on Monday. The Israeli navy took the ship to the Tel Aviv port, Arabs48 added.
The Israeli police said that the ship carried medical equipment and medicine, and that three activists were detained. The ship had on board seven tons of humanitarian and medical aid, food and toys for children.
Reflections on the Arrogance of Power
Arthur Topham / Paul Joseph Watson
Financial Times Editorial Admits Agenda For Dictatorial World Government
Dear Radical Reader,
This really is a classic example of chutzpah on the part of the Zionist New Worlders who own The Financial Times. It takes me back many, many years to the time when I first came across Gary Allen’s now famous little treatise on the world banking cartel called, None Dare Call It Conspiracy (Concord Press, 1971). In that small, yet fiercely trenchant 141 page book, Alan used a number of quotes from the late Professor Carroll Quigley’s massive 1300 page tomb, Tragedy and Hope, subtitled: A History of the World in our Time (published in 1966).
Professor Quigley was a highly regarded historian who moved in the upper circles of the then Liberal establishment in the USA and could not, in any sense of the word, be considered a radical. The former President of the United States, Bill Clinton, was once a student of Quigley’s.
An Israeli in Gaza: An Interview with Jeff Halper
Frank Barat
Frank Barat: You recently took part in the Free Gaza movement (1) and successfully reached Gaza by boat with others activists, journalists and human rights workers from around the globe. How did you get involved in such an initiative and why was it important for you to take part?
Jeff Halper: As an Israeli and the head of an Israeli peace organization (ICAHD – The Israeli Committee Against House Demolitions), I was asked by the Free Gaza Movement organizers to take part in their action to Break the Siege of Gaza by sailing two boats from Cyprus to Gaza City port. I agreed because this was a non-violent political action; breaking the siege and by implication highlighting Israel’s responsibility for it (which it tries to shrug) fit into ICAHD’s mission, to end the Israeli Occupation completely. Had this been defined as a humanitarian mission I would not have participated, since the so-called “humanitarian crisis” in Gaza is not the result of some natural calamity, but of a deliberate policy of Israel – plus the US, Europe and Japan, it must be said, and aided by Egypt – to break the will of the Palestinians to resist and to replace the democratically elected government of Hamas by a collaborationist regime more amenable to Israeli control.
lsrael’s Hitler to Join the Knesset
By Khalid Amayreh in Occupied Jerusalem
His name is Moshe Feiglin, but he may very well be called Israel’s Adolph Hitler. On Monday, 8 December, the day the Likud held its primaries, Feiglin won a respectable position on the Likud’s Knesset list for the upcoming Israeli elections, slated to take place on 10 February. This means, almost certainly, that Feiglin will become a Knesset member as all opinion polls indicate that the jingoistic party will win the elections and form Israel’s next government.
Calling Feiglin a “Hitler” is not an exaggeration at all. The man stands for and advocates all the fascist ideas and ideals that made Hitler the Nazism evil. In fact, whatever differences there may be between people like Feiglin and the hated Nazi hierarchy have more to do with form rather than substance, e.g. Hitler and ilk believed in the superiority of the Master Aryan Race while Feiglin and tens of thousands of supporters believe in the superiority of the Chosen People over goyem.. And while Hitler would call German territorial expansionism “lebensraum,” Feiglin uses a lesser sophisticated term in reference to Israel’s territorial aggrandizement: Eretz Yisrael ha’Shlema (the Greater Land of Israel) which includes, in addition to mandatory Palestine, Jordan, Lebanon, and large parts of Syria, Iraq and Egypt.
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