It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
— Attributed to Henry Ford
Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of The Bubble and Beyond (2012), Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971).
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We will have a very strong (military) presence, very strong continued posture throughout the region to back our commitments to our allies, to protect and work with our partners and to continue ensuring peace and stability in the region, as well as back our diplomacy vis-à-vis China on the South China Sea.
— David Shear, US Department of Defense’s Assistant Secretary for Asian and Pacific Security Affairs
The BRICS Post | May 26, 2015 Russian national security advisor Nikolai Patrushev has alleged that Western countries have used capital outflows from BRICS countries as a pressure tactic. India and Brazil, among the BRICS countries, are most vulnerable to capital outflows as they rely heavily on external funding. Western countries have pulled out more […]
Here in the US, we have been led to believe that we are an exceptional people and the indispensable nation. During our lifetime we have been exposed to lots of myths about the US, particularly about how we are always on the side of good. Below are insider comments challenging this key myth.
RT | May 12, 2015 Greece has been invited by Russia to become the sixth member of the BRICS New Development Bank (NDB). The $100 billion NDB is expected to compete with Western dominance and become one of the key lending institutions. The invitation was made by Russian Deputy Finance Minister Sergey Storchak on Monday […]
What matters is that the US, while it is a declining world power, is still militarily powerful, dangerous and destructive, even as its empire building is weakening and its forces are in retreat. As Mahatma Gandhi once stated about the declining British Empire, ‘It’s the aging tiger that becomes the man eater’.
Introduction
By Sharmine Narwani | RT | March 31, 2015 There is media confusion about what is going on in Yemen and the broader Middle East. Pundits are pointing out that the US is looking schizophrenic with policies that back opposite sides of the fight against al-Qaeda-style extremism in Iraq and in Yemen. But it isn’t […]
Washington’s EU vassals might be finding their backbone. Britain, Germany, France, and Italy are reported to have defied Washington’s orders and applied to join the Chinese-led Asian Investment Bank. Australia, Japan, South Korea, Switzerland, and Luxembourg might also join.
