By: Ron Paul
Our foreign policy was in the spotlight last week, which is exactly where it should be. Almost two years ago many voters elected someone they thought would lead us to a more peaceful, rational co-existence with other countries. However, while attention has been focused on the administration’s disastrous economic policies, its equally disastrous [...]
Most people have no idea what rare earth elements are, but a wide array of the technologies that we use every single day are dependent on them. Without rare earth elements, we would have no hybrid car batteries, flat screen televisions, cell phones or iPods. Without rare earth elements, the entire “green economy” [...]
By Sherwood Ross
The Central Intelligence Agency(CIA) has confirmed the worst fears of its creator President Harry Truman that it might degenerate into “an American Gestapo.” It has been just that for so long it is beyond redemption. It represents 60 years of failure and fascism utterly at odds with the spirit of a democracy [...]
There are those who would argue that the financial crisis was caused by over-enthusiastic worship of the Almighty Dollar. Call it brutal financial karma, but that church is looking pretty empty these days.
A new report from Morgan Stanley analyst Emma Lawson confirms what many had suspected: the dollar is firmly on its way to losing [...]
Factory workers demanding better wages and working conditions are hastening the eventual end of an era of cheap costs that helped make southern coastal China the world’s factory floor.
A series of strikes over the past two months have been a rude wakeup call for the many foreign companies that depend on China’s low costs to [...]
Just before sunset on April 10, 2006, a DC-9 jet landed at the international airport in the port city of Ciudad del Carmen, 500 miles east of Mexico City. As soldiers on the ground approached the plane, the crew tried to shoo them away, saying there was a dangerous oil leak. So the troops grew [...]
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Whenever the government causes a mess, chances are high that it will accuse speculators of being responsible. In the recent financial crisis, speculators and their financial instruments have been under attack again. Some famous investors have even supported governments’ attacks on speculators. Warren Buffet has called derivatives “financial weapons of mass destruction.”
In the current sovereign-debt [...]
Pakistani military intelligence not only funds and trains Taliban fighters in Afghanistan but is officially represented on the movement’s leadership council, giving it significant influence over operations, a report said.
The report, published by the London School of Economics, a leading British institution, on Sunday, said research strongly suggested support for the Taliban was the “official [...]
Japanese Prime Minister Yukio Hatoyama has resigned, just eight months after leading his party to a landslide victory. The Democratic Party of Japan meets Friday to replace him. The finance minister, Naoto Kan, is the favorite, though nothing is certain. The party is an amalgam of factions and the party secretary general, [...]
Since the rise of Hugo Chavez, Venezuela has become a superstar of sorts. It frequently makes headline news, whether due to some type of utility shortage, some political scandal, or a corruption case. The most common perception of Venezuela is one of economic peril. Indeed, analysts have been predicting the government’s collapse since at least [...]
A specter is haunting the world, and especially Europe: the specter of a sovereign insolvency. The acute sovereign-debt crisis is largely the result of government interventions in response to the financial crisis.
As Austrian business-cycle theory explains, the credit expansion of the fractional-reserve-banking system had caused an unsustainable boom. At artificially low interest rates, additional investment [...]
Originally found at Young Americans for Liberty
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When President Felipe Calderon visits Washington, D.C., on Wednesday, Mexico’s brutal drug war will be high on the agenda. Fighting among the cartels — and between government forces and the cartels — has cost nearly 24,000 Mexican lives since Calderon took office in late 2006.
The U.S. is giving $1.3 billion in military and judicial aid [...]
There is much disagreement on how the United States should deal with China’s persistent devaluation of the yuan. Worse, there is still substantial confusion on the actual effects of an undervalued yuan on capital markets, “trade deficits”, and the economy in general. The most widely accepted and common theory goes something like this: currency devaluation [...]