Putin Makes His Move In case you missed it How Foreign Policy Affects Gas Prices Large U.S. Bank Collapse Seen Ahead Exclusive Interview: The Greenback Blues:
Accident of geography puts Georgia in Russia's way
By ROBERT KAGAN
The man who once called the collapse of the Soviet Union "the greatest geopolitical catastrophe of the (20th) century" has re-established virtual czarist rule in Russia and is trying to restore his country's dominant role in Eurasia and the world. Armed with wealth from oil and gas; holding a near-monopoly over the energy supply to Europe; with a million soldiers, thousands of nuclear warheads and the world's third-largest military budget, Vladimir Putin believes that now is the time to make his move. Continue
The Value of George Orwell
By Charley Reese.
"In our age, there is no such thing as 'keeping out of politics.' All issues are political issues, and politics itself is a mass of lies, evasions, folly, hatred and schizophrenia," Orwell wrote. Earlier in the essay he had said, "In our time, political speech and writing are largely the defense of the indefensible." Continue
By Ron Paul
How does foreign policy affect gas prices? One important factor is that oil on the world market has been priced in dollars exclusively since 1973. Only two leaders have gone against this arrangement - Saddam Hussein in 2000 and more recently Mahmoud Ahmadinejad with the recently opened Iranian Oil Bourse which trades in non-dollar currencies. But since oil is otherwise exclusively traded in dollars, this means that oil producers have vast amounts of assets held in dollars. Continue
By Jan Dahinten
The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months as the world's biggest economy hits further troubles, former IMF chief economist Kenneth Rogoff said on Tuesday. Continue
Jim Rogers Predicts Bigger Financial Shocks Loom
Fueling a Malaise That May Last for Years
By Keith Fitz-Gerald
Rogers talked extensively about the ill-advised bailouts of Bear Stearns, Fannie Mae and Freddie Mac, and the potentially ruinous fallout from the financial “Super Crash” that’s about to engulf the U.S. market. Continue
Something's Gotta Give
By Mike Whitney
Don't be fooled, most paper money is steadily losing value due to the wild expansion of credit which started at the Federal Reserve. Continue
Wednesday, 20 August 2008
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