Journal: From Rhetoric to Reality–Four in Power

Establishment Unsheathes the Long knives in Versailles??????? America: A fearsome foursome (Financial Times) By Edward Luce Financial Times Published: February 3 2010 20:09 Phi Beta Iota: The Financial Times is retarded (yes, the R-word, used with love) and has not yet caught up to the fact that required registrations are so TIRED.  We provide the …

Journal: Stupid Is As Stupid Does–Israel…Again

With the possible exception of Syria, Turkey is the most welcoming and friendliest country in the Mediterranean.  It is also the Islamic country that is on the friendliest terms with Israel.  It predecessor, the Ottoman Empire, had a distinguished history of providing a welcoming sanctuary for Jew persecuted by Christians, particular those in Spain.  But …

Journal: Endless Money for War, No Checks & Balances

It is becoming increasingly clear that 1981 was a watershed year in the history of the American political economy. What checks and balances that remained broke down. Deregulation, for example, took off and the bomb of private debt exploded (recall the chart I circulated earlier). The trade deficit skyrocketed after 1981, and deindustrialization, which started …