African countries are trying to shoo the U.S. dollar away, even if it means threatening to throw people who use greenbacks in jail.
Starting next year, Angola will require oil and gas companies to pay tax revenue and local contracts in kwanza, its currency, rather than dollars. Mozambique wants companies to exchange half of their export earnings for meticais, hoping to pull more of the wealth in vast coal and [...]
November 30, 2011
A Revelation- The Fed Grants $7.77 Trillion in Secret Bank Loans
Congressman Dennis Kucinich (D-OH), a longtime advocate for reform of the Federal Reserve, is sharply criticizing the Federal Reserve today after Bloomberg news reported that the Federal Reserve secretly committed nearly $8 trillion in support to American and international financial institutions during the 2008 bailout. Kucinich recorded a video for his website before going to the floor [...]
Last week, one of the world’s most intractable disputes got even stickier. News leaked that the international-arm of India’s state-owned Oil and Natural Gas Corporation (ONGC) was in talks with the government of Vietnam over hydrocarbon exploration rights in the South China Sea. In most parts of the world this would seem a routine bi-lateral development between two countries driven by their dynamic economies. But [...]
By Grace Wyler
Texas Gov. Rick Perry has been taking a lot of heat over some of the more controversial claims made in his 2010 small government treatise Fed Up! Our Fight To Save America From Washington.
The book is a fiery, anti-Washington treatise that lays bare Perry’s ideas on the dangers of federal overreach and the primacy of the 10th Amendment. Incredulous pundits and reporters are heralding it as a [...]
In both China and America the pathologies are self inflicted. In both polities massively corrupt, greedy, vain and coercive Regimes have amplified and are ruthlessly exploiting these pathologies for self aggrandizement and self perpetuation. In this regard the US and Chinese Regimes are identical in appetites and tropes. Only the tactics and personalities differ.
However, ordinary Americans and Chinese are NOT alike in two important ways:
1. Most Americans still remember what [...]