Tag: crisis

March 11, 2013 0

Roubini Promotes ECB Currency War and Other Silliness

By News Desk

As reported by Yahoo! Fiance ,Roubini stated ECB must cut rates or risk crisis again The bank would act eventually to avoid the recession getting worse, but risked doing "too little, too late," Roubini said in an interview with CNN’s Nina dos Santos. "They have to cut the policy rate, they have to stimulate the economy, they have to try to weaken the value of the euro," said Roubini, who was credited with predicting the financial crisis of 2008. "The euro should be 10, 20 or even 30% weaker to restore the competitiveness of the [eurozone] periphery," Roubini said

March 4, 2013 0

Michael Pettis on Misguided European Optimism

By News Desk

Via Email, Michael Pettis author of " The Great Rebalancing " (see "Great Rebalancing" Book Review: Two Thumbs Up ) dispels the myth that Spain and peripheral Europe are on a sustainable rebalancing path relative to Germany. Pettis writes …

February 18, 2013 0

US-Saudi Funded Terrorists Sowing Chaos in Pakistan

By News Desk

France 24’s report " Is Qatar fuelling the crisis in north Mali? " provides a useful vignette of Saudi-Qatari terror sponsorship, stating: “The MNLA [secular Tuareg separatists], al Qaeda-linked Ansar Dine and MUJAO [movement for unity and Jihad in West Africa] have all received cash from Doha.â€A month later Sadou Diallo, the mayor of the north Malian city of Gao [which had fallen to the Islamists] told RTL radio: “The French government knows perfectly well who is supporting these terrorists. Qatar, for example, continues to send so-called aid and food every day to the airports of Gao and Timbuktu.†The report also stated:  “Qatar has an established a network of institutions it funds in Mali, including madrassas, schools and charities that it has been funding from the 1980s,†he wrote, adding that Qatar would be expecting a return on this investment.“Mali has huge oil and gas potential and it needs help developing its infrastructure,†he said

December 22, 2012 0

Boogeymen and Fake Reforms

By News Desk

Director of Health Policy and Pension Reform While Illinois burns, Moody’s threatens next downgrade Ingram is of course preaching to the choir, but I don’t object one bit. It’s important for Illinois citizens to be informed about the pathetic state of Illinois finances.

December 13, 2012 0

Unmasking the Brotherhood: Syria, Egypt, and Beyond

By News Desk

Links Unmasking the Brotherhood: Syria, Egypt, and Beyond December 13, 2012 ( Stop Imperialism ) – The complexities of the Arab Spring and the struggle for political freedom throughout the Arab world should not obscure what has now become an absolutely essential understanding for all anti-imperialists: the Muslim Brotherhood is one of the most powerful weapons of the Western ruling class in the Muslim world.  While that may be a difficult pill for some to swallow for emotional or psychological reasons, one need look no further than the insidious role the organization is playing in Syria and the abuses of power and human rights of the government of Egypt.  In the US-NATO sponsored war against the Assad government, the Muslim Brotherhood has emerged as the leading western-sanctioned force, the avant-garde of the imperialist assault.  While, in Egypt, President Morsi and the Brotherhood government seek to destroy what had been, little more than a year ago, the promise of the revolution. Muslim Brotherhood in Syria This week’s establishment of the Supreme Military Command, in charge of all military aid and coordination to the rebels, demonstrates unequivocally the leadership role of the Muslim Brotherhood in the drive for regime change in Syria.  As Reuters reported , "The unified command includes many with ties to the Muslim Brotherhood and to Salafists…it excludes the most senior officers who have defected from Assad’s military."[1] This command structure, formed at the behest and under the sponsorship of the US, UK, France, Saudi Arabia, Qatar and Turkey among others, does not simply include members of the Muslim Brotherhood, it is, in fact, dominated by them.  Is it possible that the Western imperial powers simply did not notice that the group they were forming was comprised of these elements?  To suggest so would be to accuse some of the leading "statesmen" of the world (Hillary Clinton, William Hague, Laurent Fabius, Ahmet Davutoglu, etc.) of being stupid.  Alas, they are not so.  Instead, these individuals have collaborated to create a Muslim Brotherhood proxy force in Syria, one that can be controlled and depended on to do the bidding of the West. However, it is not enough to say that the Muslim Brotherhood is heading this new military structure, for that would be to imply that they have not been playing a critical role all along.  Rather, the organization has been central to the destabilization of Syria since the beginning of the armed conflict.  The Syrian National Council, originally the face of the Western-backed "opposition" was itself dominated behind the scenes by the Muslim Brotherhood.

November 27, 2012 0

Stop Imperialism – Podcast 49

By News Desk

Links Stop Imperialism – Podcast 49 Morsi’s power gra b in Egypt, terrorists in Syria blow up mosque, Kurds & army build up in northern Iraq, and Gre eks oppose austerity .Â