Archive for May 17th, 2010

The face of Europe is now changed for ever

Monday, May 17th, 2010

The financial crisis that has engulfed the EU will not be solved by any quick fix, says Jeremy Warner. By Jeremy Warner TelegraphUK As if the formation of the UK’s first coalition government in 65 years wasn’t enough drama for one week, events have been unfolding on the other side of the Channel that... »

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Forget the wolf pack – the ongoing euro crisis was caused by EMU

Monday, May 17th, 2010

Jean-Claude Trichet tells us the world faced a second Lehman crash in the days and hours before EU leaders launched their €720bn (£612bn) defence fund. If the European Central Bank’s president is correct, we are in trouble. The EU-IMF package is already unravelling. What will the West do for its next trick? By Ambrose... »

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Banker: $1 trillion rescue only buys time

Monday, May 17th, 2010

By Juergen Baetz WashingtonTimes.com BERLIN (AP) — The 750 billion euro ($1 trillion) rescue loan package only bought eurozone countries more time — it didn’t resolve the Continent’s underlying debt problem, the European Central Bank’s chief economist says. The market turmoil will calm down only if the 16 eurozone member states reform their economies... »

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Euro plunges to four-year low against dollar

Monday, May 17th, 2010

Leo Lewis TimesOnlineUK May 17, 2010 From Times Online May 17, 2010 Euro plunges to four-year low against dollarLeo Lewis, Asia Business Correspondent 14 Comments Recommend? (9) Nervous trading in Tokyo sent the euro into an early nosedive on Monday morning, as fears of further debt crisis contagion and stalling growth crept across dealing... »

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The World Has No Money, And The Emperor Has No Clothes

Monday, May 17th, 2010

By: Pravda MarketOracle May 17, 2010 Most of us are aware of the very old fairly tale by Hans Christian Andersen in which two weavers promise an emperor the finest suit of clothes imaginable, but from a fabric invisible to anyone who is unfit for his position or “just hopelessly stupid”. Well, in the... »

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Dumbing-Down the Economic Curriculum

Monday, May 17th, 2010

by Richard Daughty LewRockwell.com I was curled up in a corner of the Mogambo Bunker Of Mortal Refuge (MBOMR), feeling terrible that I made a Really Stupid Error (RSE) in a previous MoGu where I, in effect, annualized GDP growth figures that were already annualized, which is such a stupid mistake that I am... »

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Census Man: ‘But You Have to’

Monday, May 17th, 2010

The Census Man Cometh by John Seiler LewRockwell.com While working on an article at my home desk on May 14, at about 6 pm I heard a knock on my door. UPS? FedEx? Nope. Not expecting anything. And too late. Might have been some kid selling candy for a school function. I turned off... »

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Lincoln, Authoritarianism, Manipulated History

Monday, May 17th, 2010

Tom DiLorenzo on Abraham Lincoln, US Authoritarianism and Manipulated History by Scott Smith LeweRockwell.com The Daily Bell is pleased to present an exclusive interview with Thomas DiLorenzo. Introduction: Thomas James DiLorenzo is an American economics professor at Loyola University Maryland. He is also a senior faculty member of the Ludwig von Mises Institute and... »

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Your Life Is Theirs

Monday, May 17th, 2010

Never Enough by Becky Akers LewRockwell.com Very occasionally, a bit of truth escapes even the craftiest politician. One such rarity has emerged from the battle between New York’s thugs and those at the Department of Homeland Security (DHS) over who gets how much of the loot they steal from us. DHS confessed last week... »

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STATUE OF LIBERTY

Monday, May 17th, 2010

PART 2 By Dennis L. Cuddy, Ph.D. May 17, 2010 NewsWithViews.com [Note: The alleged bombing attempt in New York City by Faisal Shahzad has all the appearances of Obama’s “Mission Accomplished” like George W. Bush said at the beginning of the Iraq War. To me, it was clear that Saddam Hussein wanted our forces... »

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