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Excess Debt and Deflation Equals Depression

December 12th, 2008

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."

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Interview with Prof. James Russell

December 12th, 2008

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.

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Why Israel would not dare attack Iran?

December 11th, 2008

Kourosh Ziabari

Nowadays, Iran and its people are being threatened widely for a near, possible attack by the Israeli forces if Tehran continue pursuing its nuclear program. Additionally, the amount of media pressure against the country is increasing simultaneous to the rhetoric of Israeli officials, backed by US statesmen.

Some western governments acclaim that they would support Israel for a possible bombardment of Iranian nuclear facilities because of the threatening nature of these installations.

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The Power Elite Playbook, Establishing Precedents, Part 19 By Deanna Spingola

December 11th, 2008

Deanna Spingola

The exploitation of the Philippine Islands’ vast mineral reserves, so strongly encouraged by President McKinley, gave one particular American Expeditionary soldier, First Lieutenant John William Haussermann (1867-1965, discharged September 1, 1899), an Ohio-born attorney from Leavenworth, Kansas, a (literally) golden opportunity. Since Philippine law didn’t recognize the American entity known as a “corporation,” the U.S. Congress passed a law on July 1, 1902 which enabled Haussermann, then city attorney for Manila, to organize a corporation on June 1903, which became known as the Benguet Consolidated Mining Company by 1906. In 1927, Benguet bought out its competitor, Balatoc Mining, giving it 80% of the Philippine gold industry. Philippine gold made Haussermann “the Gold King” and his associates a massive fortune which would later be selectively shared with influential political puppets like General Douglas MacArthur, who comfortably identified with the Philippine oligarchy.

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The Persecution of Syed Fahad Hashmi

December 10th, 2008

Stephen Lendman

It's a familiar story. A Muslim American is accused of terrorism for supporting Al Queda and conspiracy to provide support for a Foreign Terrorist Organization (FTO). The prosecution asks for the maximum sentence. Once again, an innocent man is arrested, charged, indicted and convicted with no substantiating evidence except for what prosecutors say they have. All of it is bogus and much classified and withheld from the defense. Witnesses are enlisted to cooperate and proceedings orchestrated to intimidate juries to convict. Justice again is denied. Those accused bear the mark of cain for being Muslim in America at the wrong time - especially if they're devout, activist, and for some prominent and engaged in charitable work.

The mainstream portrays Hashmi as a "jihadist" and believer in "radical Islamic ideas" because of his association with the now defunct (since 2004) London-based Al Muhajiroun (The Immigrants) and a related still active New York-based Islamic Thinkers Society.

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Whose Interests Will Shape Barack Obama’s “Change”? Radical Change Needs Pressure from Below

December 10th, 2008

Ismael Hossein-zadeh

Abstract. Barack Obama was elected by the majorities of both the grassroots and the ruling elites. His mandate thus comes both from below, or the left, and above, or the right. Both sides are anxiously echoing his winning slogan of “change.” The question, therefore, is no longer simply change (as the market meltdown has made change an urgent universal demand), but what kind of change? Whose mandates or interests will guide the course of the urgently needed change? The answer, in a nutshell, seems to be dependent on the outcome of the balance of power, or the outcome of the ongoing (though largely submerged) class struggle.

To say that President Obama will face daunting challenges is stating the obvious. What is less obvious, however, is that these challenges also represent opportunities for change in favor of peace and economic security for all.

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Obama Conspiracy

December 10th, 2008

Mickey Z.

Mr. G.B. Shaw sez: “I often quote myself; it adds spice to my conversation.” With that concept in mind, I’ll remind you of something I said in a recent interview, re: St. Barack. Obama’s ascendancy, I posited, “is an excellent illustration of how the system handles dissent. A black face, a soothing voice and a vague message of change - all designed to keep the rabble pacified without changing anything at all.”

This, I submit, could be deemed the ultimate conspiracy theory.

The power elite, especially in the United States, share remarkably common interests and background. Corporate America is concerned solely with profits…period. Therefore, America’s foreign and domestic policy is logically geared towards that financial end—without any real accountability.

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The Power Elite Playbook, Japan, Land of Western Industrialization Part 16 by Deanna Spingola

December 9th, 2008

Deanna Spingola

In Japan – “For a thousand years, it was the policy of emperors and shoguns to keep the people ignorant, and to keep taxes high enough so families had to struggle to survive, because this kept them fully occupied and harmless.”

J. P. Morgan was involved in Japan during the Meiji Restoration (1867-1912) which replaced the ruling Tokugawa Shogunate with the restored imperial family. This trade-off of power was merely a cosmetic change. Assets were confiscated from the Tokugawa shoguns and used to build factories and railroads. These assets were then privatized into four major zaibatsu (conglomerates): Mitsubishi, Sumitomo, Yasuda and Iwasaki. A zaibatsu could be comprised of mines, factories, banks, ocean fleets, insurance companies and export agencies. These four zaibatsus retained their exclusivity through kinship, marriage, school associations, bribes or any other secret or social arrangement. This is very similar to America’s elite class.

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Anousheh Ansari: I am proud of being an Iranian Muslim

December 9th, 2008

Interview by Kourosh Ziabari and Ahmadreza Tavassoli

The second anniversary of Anousheh Ansari's adventurous travel to the spatial station as the first Iranian space explorer passed over with the reticence of global media who have been busy analyzing the very earliest "side effects" of President-elect Barack Obama's victory in the 2008 US Presidential Elections.

In the heat of Ansari's space voyage, American media broached bunches of controversial issues such as the reluctance of half-blooded astronaut to introduce herself as Iranian or Muslim, but she never found the opportunity to clarify this.

Furthermore, most of the newspapers or websites dedicated their conversations to professional and technical matters when interviewing Anousheh Ansari which caused many stories to remain untold.

Following is the text of exclusive interview with the first female private space explorer Anousheh Ansari, the Iranian businesswomen who has perpetuated the name of Iran in the 2007 edition of Guinness World Records Book with her everlasting record.

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Mass media are distorting the image of Iran

December 9th, 2008

Interview by Kourosh Ziabari and Ahmadreza Tavassoli

The Cinema Verite International Documentary Film Festival, which was held in Iran on the third week of October 2008, was undoubtedly an occasional opportunity for documentary filmmakers from 75 countries worldwide to congregate for a landmark event and share their precious artistic experiences together and become acquainted with the obscured and disputatious culture of Iran.

The festival, which was inaugurated by the Ministry of Culture and Islamic Guidance of Islamic Republic of Iran, has hosted a stack of artists, journalists, filmmakers and analysts from US; which is not in an official friendly and impartial stance toward Iran these days, though is considered as a close cultural and scientific ally of Iran on behalf of its independent and non-governmental organizations and communities.

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