World-News

By Timothy V. Gatto

This isn't the first time that capitalism has failed. Every time it fails we use a form of temporary socialism to shore up the economy. When things start to return to normal, we give everything back to the capitalists. Why is that?

https://informationclearinghouse.info/article22263.htm



If We Bail Out the Banks, Why Shouldn't We Own Them?

Sliding Down in Anger

By Saul Landau

"It's worse than you can imagine," a Member of Congress confided to me, referring to the downward spiral of the economy. "We just gave all those hundreds of billions to the bankers so they would lend it and they didn't lend it and they still want more. The bankers don't know what they're doing and Tim Geithner [Treasury Secretary] doesn't know what he's doing. We all know this is the worst economic slump of our lifetime."

https://informationclearinghouse.info/article22265.htm



Launching Lifeboats Before the Ship Sinks

By Paul Craig Roberts

The New York Times reported that "the dollar plunged about 3 percent against other major currencies" in response to the Fed's announcement.

https://informationclearinghouse.info/article22271.htm



U.N. Panel Ways World Should Ditch Dollar

By Jeremy Gaunt, European Investment Correspondent

A U.N. panel will next week recommend that the world ditch the dollar as its reserve currency in favor of a shared basket of currencies, a member of the panel said on Wednesday, adding to pressure on the dollar.

https://informationclearinghouse.info/article22275.htm



Captured By The Debt Spider

By Ellen Brown

If governments everywhere are in debt, who are they in debt to? The answer is that they are in debt to private banks. The "cruel hoax" is that governments are in debt for money created on a computer screen, money they could have created themselves.

https://informationclearinghouse.info/article22273.htm



The Big Takeover

By MATT TAIBBI

The global economic crisis isn't about money - it's about power. How Wall Street insiders are using the bailout to stage a revolution.

https://informationclearinghouse.info/article22276.htm



Myth America

By Cindy Sheehan

Since this country was founded, it has been governed, or controlled by the Robber Class. Some people call our "Lords," the Ruling Class, the Oligarchy, the Kleptocracy, or Plutocracy. Some call our system Cronyism, a Democratic Tyranny, Soft-core Fascist State, or if you are a member of the Robber Class or Blinded Robbed Class, you call it a Democracy, or Republic.

https://informationclearinghouse.info/article22269.htm



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