By Chris Hedges June 15, 2009 “Truthdig” — This week marks the end of the dollar’s reign as the world’s reserve currency. It marks the start of a terrible period of economic and political decline in the United States. And it signals the last gasp of the American imperium. That’s […]

By PAUL CRAIG ROBERTS Source: https://www.counterpunch.com/roberts06032009.html Economic news remains focused on banks and housing, while the threat mounts to the US dollar from massive federal budget deficits in fiscal years 2009 and 2010. Earlier this year the dollar’s exchange value rose against currencies, such as the euro. UK pound, and […]

TV3 Jobs may go at IRD Tue, 21 Apr 2009 9:54a.m. As unemployment grows and the public sector looks to cut spending, jobs at the Inland Revenue are tipped to be the next to go. Prime Minister John Key said as many as 18,000 more people may be unemployed than […]

A new pawnbrokers opens in the heart of London’s financial district beside elite banks where city workers are hocking their high-end watches and jewellery. Go here for the video. Related: Money as Debt, Paul Grignon’s 47-minute animated presentation of “Money as Debt” tells in very simple and effective graphic terms […]

NZHERALD.co.nz 11:00AM Thursday Apr 09, 2009 SAN JOSE, California – Spies hacked into the US electric grid and left behind computer programmes that would let them disrupt service, exposing potentially catastrophic vulnerabilities in key pieces of national infrastructure, The Associated Press has learned. For more, go here. Related: See this […]

The fed is planning moves that would more than double its balance-sheet assets by September to $4.5 trillion from $1.9 trillion. Whether expressing approval or concern over the fed’s intentions, most commentators fail to understand the real magnitude of the projected expansion of the US monetary base because they don’t take […]

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KINGSTON, NY, 27, February 2009 — The wealth of plain, hard facts upon which The Trends Research Institute’s forecasts are based belie the lofty promises made by President Obama’s first address to Congress. “We will rebuild, we will recover, and the United States of America will emerge stronger than before,” […]

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