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Why Is Moscow Risking a New Cold War? - By Christian Neef - 16 years ago
<blockquote>"Because the Russians feel duped. And because NATO refuses to ratify the "modified" CSE Treaty because Moscow has not yet emptied a storage facility of obsolete weapons in the small Republic of Moldova. Almost 20 years after the fall of the Berlin Wall, weapons in the new NATO member states are still counted toward the upper limits the CSE Treaty imposed on the noby ProjectC - Project C
"The Mysteries of Political Strategy" - By Nina Khrushcheva - 16 years ago
<blockquote>"So he presented this problem as an international problem. But it wasn’t picked up by the Western press as such, in fact it wasn’t picked up by the State Department as such. It was just immediately responded to as Russia tries to push down the independent movement," and so forth. And I have to say that I myself, definitely not a defender of either Putin or military acby ProjectC - Project C
Penetration - By Jim Kunstler - 16 years ago
By Jim Kunstler June 23, 2008 Source The telling moment last week was Robert Hirsch's appearance on the CNBC morning "Squawkbox" financial show in which he proposed the probability of $500-a-barrel oil within "a three-to-five-year time-frame." Squawkhead Becky Quick was clearly nonplussed by the stolid Mr. Hirsch, author of a (then)-startling 2005 US Dept of Eneby ProjectC - Project C
Good Inflation? - By Doug Noland - 16 years ago
<blockquote>"As should be obvious by now, the current hyper-inflation in energy and food prices risks global chaos. There is today such a robust inflationary bias in globally priced necessities that spectacular (NASDAQ1999) price moves have become the norm rather than the exception. As such, U.S. monetary policy that accommodates $700bn Current Account Deficits and massive speculativby ProjectC - Project C
The murder of US manufacturing - By Martin Hutchinson - 16 years ago
<blockquote>"...But for Smith the division of labour took on swollen and gigantic importance, putting into the shade such crucial matters as capital accumulation and the growth of technological knowledge. As Schumpeter has pointed out, never for any economist before or since did the division of labour assume such a position of commanding importance." -- Murray N. Rothbard, The Cby ProjectC - Project C
The Celebrated Adam Smith (Part III of III) - By Murray N. Rothbard - 16 years ago
(Part I & Part II) The theory of money We have seen that David Hume's famous elucidation of the price-specie-flow mechanism in international monetary relations, though attractively written, was itself a deterioration from the pioneering and highly sophisticated analysis of Richard Cantillon. It was, however, better than nothing. Yet, as Jacob Viner put it, 'One of the mysterieby ProjectC - Project C
The Celebrated Adam Smith (Part II of III) - By Murray N. Rothbard - 16 years ago
(Part I) The theory of value Adam Smith's doctrine on value was an unmitigated disaster, and it deepens the mystery in explaining Smith. For in this case, not only was Smith's theory of value a degeneration from his teacher Hutcheson and indeed from centuries of developed economic thought, but it was also a similar degeneration from Smith's own previous unpublished lectures.by ProjectC - Project C
The Celebrated Adam Smith (Part I of III) - By Murray N. Rothbard - 16 years ago
The Celebrated Adam Smith By Murray N. Rothbard Source (Originally published as chapter 16 in An Austrian Perspective on the History of Economic Thought, Vol. I, Edward Elgar Press, 1995; Mises Institute, 2006. Sources on this chapter.) The mystery of Adam Smith Adam Smith (1723-90) is a mystery in a puzzle wrapped in an enigma. The mystery is the enormous and unprecedented gap betweenby ProjectC - Project C
Next up - the credit default swap crisis - By F William Engdahl - 16 years ago
<blockquote>"The credit default swap was invented a few years ago by a young Cambridge University mathematics graduate, Blythe Masters, hired by JP Morgan Chase Bank in New York and who, fresh from university, convinced her new bosses to develop the revolutionary new risk product. ... The Fed bailout of Bear Stearns on March 17 this year was motivated, in part, by a desire toby ProjectC - Project C
Exposing Bush Administration Corruption - By Stephen Lendman - 16 years ago
By Stephen Lendman June 16, 2008 Source ( First read ) Information for this article comes from long-time business, finance and political writer and analyst Bob Chapman who publishes the bi-weekly International Forecaster. It's power-packed with key information and a valued source for this writer. He obtained voluminous material directly from its source. People need to know it. Readby ProjectC - Project C
When the nukes start dropping ... - By Julian Delasantellis - 16 years ago
By Julian Delasantellis Jun 5, 2008 Source Most men, it is generally agreed, will do anything to survive. In my favorite World War II/Holocaust movie, Lina Wertmuller's 1975 Seven Beauties, a harmless little nebbish of an Italian petty thief, Pasqualino (Giancarlo Giannini), finds himself in a horrible, hellish Nazi concentration camp; the camp setting is some sort of huge, enclosed, iby ProjectC - Project C
(USA) Stage Two of the Mortgage Collapse - By Dr. Housing Bubble - 16 years ago
Stage Two of the Mortgage Collapse: $500 Billion in Pay Option ARMs Meet the Piper in 2008 with 60 Percent Being in California. By Dr. Housing Bubble June 14th, 2008 Source The next stage of the mortgage debacle is only starting to rear its ugly head and all early signs tell us that this is going to be even worse than the subprime mortgage collapse. We need to remember that the subprime mby ProjectC - Project C
Stage II Predicaments - By Doug Noland - 16 years ago
<blockquote>"I have argued that the Fed’s latest reflation would prove problematic. On the one hand, reflationary forces would bypass burst Bubbles in Wall Street finance and U.S. real estate markets. On the other, an over abundance of cheap U.S. and global liquidity would further destabilize heightened inflationary pressures globally and stoke Acute Monetary Disorder. As has becomeby ProjectC - Project C
The Great Seduction - By David Brooks - 16 years ago
By DAVID BROOKS Published: June 10, 2008 Source The people who created this country built a moral structure around money. The Puritan legacy inhibited luxury and self-indulgence. Benjamin Franklin spread a practical gospel that emphasized hard work, temperance and frugality. Millions of parents, preachers, newspaper editors and teachers expounded the message. The result was quite remarkable.by ProjectC - Project C
The Weak-Dollar Threat to World Order - By Judy Shelton - 16 years ago
<blockquote>"Mises’ contribution was very simple, yet at the same time extremely profound. He pointed out that the whole economy is the result of what individuals do. Individuals act, choose, cooperate, compete, and trade with one another. In this way Mises explained how complex market phenomena develop. Mises did not simply describe economic phenomena — prices, wages, interest rates,by ProjectC - Project C
(LDX) MIT tests unique approach to fusion power - By David Chandler - 16 years ago
Mimicking Earth's magnetic field in a giant thermos bottle David Chandler, MIT News Office March 19, 2008 Source An MIT and Columbia University team has successfully tested a novel reactor that could chart a new path toward nuclear fusion, which could become a safe, reliable and nearly limitless source of energy. Begun in 1998, the Levitated Dipole Experiment, or LDX, uses a uniquby ProjectC - Project C
Q1 2008 Flow of Funds - By Doug Noland - 16 years ago
<blockquote>"There were important developments this week that seemed to indicate an important inflection point may have been reached. Energy price instability took a decided turn for the worst; global inflationary concerns ratcheted higher; dollar vulnerability reemerged; financial stocks were crushed; and, importantly, the U.S. Credit system demonstrated its greatest instability in aby ProjectC - Project C
Time to Put Investment Banking Back in Its Box - By Mark Gilbert - 16 years ago
<blockquote>'``Banking in a fractional reserve, fiat money world is inherently a non-market exercise in legalized deceit,'' says Corrigan at Diapason. ``The unfettered finance which it allows is all too prone to wreak a devil-take-the-hindmost havoc once it becomes unanchored from reality and succumbs instead to the intense, positive feedbacks which operate within it on bothby ProjectC - Project C
Storms on the Horizon - By Richard W. Fisher - 16 years ago
<blockquote>"It is only natural to cast about for a solution—any solution—to avoid the fiscal pain we know is necessary because we succumbed to complacency and put off dealing with this looming fiscal disaster. Throughout history, many nations, when confronted by sizable debts they were unable or unwilling to repay, have seized upon an apparently painless solution to this dilemma: moneby ProjectC - Project C
Nassim Nicholas Taleb: the prophet of boom and doom - By Bryan Appleyard - 16 years ago
By Bryan Appleyard June 1, 2008 Source A noisy cafe in Newport Beach, California. Nassim Nicholas Taleb is eating three successive salads, carefully picking out anything with a high carbohydrate content. He is telling me how to live. “The only way you can say ‘F*** you’ to fate is by saying it’s not going to affect how I live. So if somebody puts you to death, make sure you shave.” Afby ProjectC - Project C
So al-Qa'ida's defeated, eh? Go tell it to the marines - By Robert Fisk - 16 years ago
<blockquote>"Because al-Qa'ida is a way of thinking, not an army. It feeds on pain and fear and cruelty – our cruelty and oppression – and as long as we continue to dominate the Muslim world with our Apache helicopters and our tanks and our Humvees and our artillery and bombs and our "friendly" dictators, so will al-Qa'ida continue. Must we live this madness thby ProjectC - Project C
As things look, Israel may well attack Iran soon - By Joschka Fischer - 16 years ago
By Joschka Fischer Friday, May 30, 2008 Source (First read) As a result of misguided American policy, the threat of another military confrontation hangs like a dark cloud over the Middle East. The United States' enemies have been strengthened, and Iran - despite being branded as a member of the so-called "axis of evil" - has been catapulted into regional hegemony. Iran couldby ProjectC - Project C
Banks' credit crisis solutions have echoes of 1929 Depression - By Philip Aldrick - 16 years ago
By Philip Aldrick 01/06/2008 Source As banks look to shore up their balance sheets in the wake of the credit squeeze, Philip Aldrick asks whether it is all short-term trickery 'We are in the midst of the worst financial crisis since the 1930s," warns the eminent financier George Soros in his latest book, The New Paradigm for Financial Markets. It's a rather extreme view, buby ProjectC - Project C
First Comes the Swap. Then It’s the Knives. - By Gretchen Morgenson - 16 years ago
<blockquote>"John P. Doherty and Richard F. Hans, law partners at Thacher Proffitt & Wood, argue that the UBS-Paramax case is only the beginning of lawsuits relating to credit default swaps."</blockquote> First Comes the Swap. Then It’s the Knives. By GRETCHEN MORGENSON June 1, 2008 Source INVESTORS don’t often get a peek inside the vast, opaque and unregulaby ProjectC - Project C
The End of the Beginning – Developments in the Credit Crisis - By Satyajit Das - 16 years ago
<blockquote>"The current focus is on reforming the financial system. This is like discussing lifestyle changes with a patient admitted to ER in full cardiac arrest. What is needed is the defibrillator paddles!"</blockquote> The End of the Beginning – Developments in the Credit Crisis By Satyajit Das May 27, 2008 Source Satyajit Das is a risk consultant and authoby ProjectC - Project C
Uncomfortable truths for a new world of them and us - By Philip Stephens - 16 years ago
<blockquote>"...to sustain a higher standard of living, the production structure—the capital structure—must be permanently “lengthened.” As more and more capital is added and maintained in civilized economies, more and more funds must be used just to maintain and replace the larger structure. This means higher gross savings, savings that must be sustained and invested in each higher stby ProjectC - Project C
The new innocence -- Interview with Raimon Panikkar - 16 years ago
<blockquote>"Many of our present-day problems arise when a group seeks to impose its vision, believing there is only one solution, and that solution is, of course: its solution. This is fundamentalism. There are many kinds and degrees of fundamentalism, some more destructive than others, but the fundamentalism I am referring to is that which is convinced that our ideas are the only reaby ProjectC - Project C
Energy Watchdog Warns Of Oil-Production Crunch - 16 years ago
IEA Official Says Supplies May Plateau Below Expected Demand By NEIL KING JR. and PETER FRITSCH May 22, 2008; Page A1 Source The world's premier energy monitor is preparing a sharp downward revision of its oil-supply forecast, a shift that reflects deepening pessimism over whether oil companies can keep abreast of booming demand. The Paris-based International Energy Agency is in tby ProjectC - Project C
(Global Banking) Alice-in-Wonderland Accounting - By Mike "Mish" Shedlock - 16 years ago
<blockquote>“The proposals are extraordinary. This is Alice-in-Wonderland accounting.” -- A Goldman official</blockquote> Alice-in-Wonderland Accounting By Mike "Mish" Shedlock May 26, 2008 Source Banks and brokers have been scrambling like mad to raise capital in the wake of declining asset prices. In response, some top banks would prefer to pretend that problby ProjectC - Project C
The Economist Has No Clothes - By Robert Nadeau - 16 years ago
<blockquote>"For a long time men failed to realize that the transition from the classical theory of value to the subjective theory of value was much more than the substitution of a more satisfactory theory of market exchange for a less satisfactory one. The general theory of choice and preference goes far beyond the horizon which encompassed the scope of economic problems as circumscriby ProjectC - Project C