Book V of Aristotle’s Politics describes the eternal transition of oligarchies making themselves into hereditary aristocracies – which end up being overthrown by tyrants or develop internal rivalries as some families decide to “take the…
Tag: debt
Too Much Government Debt Hurts the Economy … But Too Much Private Debt KILLS It Preface: We like to debunk myths held by both the left and the right. For example, we have repeatedly…
As noted before, courtesy of the GDP revision, all the kneejerk reactions in the past 3 years to various GDP headlines (preliminary, first and final revisions at that), were all for nothing. In fact, today’s GDP…
In a recent column, “Can The World Survive Washington’s Hubris,” I promised to examine whether the US economy will collapse before Washington in its pursuit of world hegemony brings us into military confrontation with Russia…
A man walks past the Bank of Greece headquarters with the plaque altered to read “Bank of Berlin” in Athens (AFP Photo/Louisa Gouliamaki) Cyprus, Ukraine, Venezuela, and Spain are among 10 countries, which are most…
More than two years ago I began warning readers of the most heinous acts of fraud ever perpetrated by the Western banking crime syndicate, which I dubbed“economic terrorism”. These swindles involved nothing less than the…
If eurozone countries do not make necessary steps to restructure their debts, the current period of calm, may quite be calm before the storm. A report by PriceWaterhouseCoopers claims policy action by the European Central…
[anyplayer:url=http://rt.com/files/news/uk-assisstance-syria-opposition-806/i1f38ebae14f72e91bf575287d4e93253_20120330_laura_live1400.flv] The UK has announced it will allocate some £500,000 ($795,000) to supply non-military aid to the Syrian opposition. The Foreign Secretary says it will help the ‘hard-pressed’ opposition groups to register violations by the…
The world’s five largest emerging economies claim the West’s quantitative easing policy is destabilizing their own growth.Should the western cheap cash injection last too long, the developed countries themselves will suffer, experts are warning. Brazil’s…
The government is preparing to package and sell foreclosed homes. We do not know what discount to the current market there will be but you can guess it will be 20% or more. This event…