Monthly Archives: May 2010

US following Greece to financial hell

This video by Peter Schiff gives a pretty good explanation of the parallels between Greece’s current dilemma and the  disaster that will eventually overtake Americans.

Unfortunately, neither Schiff nor anyone else in the financial spotlight is talking about the only real solution, which is to end the debt imperative and the growth imperative by taking usury/interest out of the money system. It needs to be recognized that the entire system of global money, banking, and finance is bankrupt and cannot be sustained. I wrote about that more than twenty years ago in my first book, Money and Debt: A Solution to the Global Crisis which can be downloaded for free.

A different kind of bank

The Common Good Bank is a project with a great mission and a unique form of governance. You might consider making a commitment to participate. You and sign up at http://www.commongoodbank.com/signup.

The Global Economic Crisis–a deeper look

Here’s a book that seems to get to the root of the matter. I’ve only read the Preface, but it seems to offer worthwhile insights into the dimensions of the geo-political juggernaut. It may be lacking in solutions, but hopefully my own books help to fill that gap. — t.h.g.

The Global Economic Crisis: The Great Depression of the XXI Century

Michel Chossudovsky and Andrew Gavin Marshall (Editors)

Montreal, Global Research Publishers. Centre for Research on Globalization (CRG), 2010.
ISBN 978-0-9737147-3-9   (416 pages)

PREFACE

In all major regions of the world, the economic recession is deep-seated, resulting in mass unemployment, the collapse of state social programs and the impoverishment of millions of people. The economic crisis is accompanied by a worldwide process of militarization, a “war without borders” led by the United States of America and its NATO allies. The conduct of the Pentagon’s “long war” is intimately related to the restructuring of the global economy.

We are not dealing with a narrowly defined economic crisis or recession. The global financial architecture sustains strategic and national security objectives. In turn, the U.S.-NATO military agenda serves to endorse a powerful business elite which relentlessly overshadows and undermines the functions of civilian government.

This book takes the reader through the corridors of the Federal Reserve and the Council on Foreign Relations, behind closed doors at the Bank for International Settlements, into the plush corporate boardrooms on Wall Street where far-reaching financial transactions are routinely undertaken from computer terminals linked up to major stock markets, at the touch of a mouse button.

more…

Senate rejects bid to audit the Federal Reserve

Why are we not surprised? Senators voted down the Vitter Amendment to audit the Fed, 62 to 37.

Who does your senator work for?