TruthSavvy - Freedom

Call China's Currency Policy What It Is: A Declaration Of War

Dr. Barnett — Sat, 19 Jun 2010 14:37:11 +0000

As long as the value of the yuan in international trade is not an issue addressable by the international community, China’s policy of growing its money supply (M1 & M2 equivalents) at over 20% annually is the same thing as China declaring war on the world. As thinking people have come to understand, a large country’s monetary policies can impact the long-term economic sovereignty of other countries in the global trade era as effectively as military policies.

Wall Street's Free Market Trumps Real Freedom

Dr. Barnett — Sat, 29 May 2010 15:26:07 +0000

No.:

Free markets and their attentive politicians are always serving up something new. May’s service — an 872 point Dow Jones blowout — clearly dampens recovery hopes. Is it right that financial markets impact the underlying economy so remarkably? Could a different financial architecture help mitigate this problem — an architecture that does not shortchange honorable merit when it comes to financial rewards?

Debt Storm Wins Without New Economic Mission

Dr. Barnett — Sat, 22 May 2010 21:01:10 +0000

No.:

Congress appeared taken by surprise in October of 2008 as the financial crisis on Wall Street unfolded. Congress was in a state of shock and awe, amazed to see their policymaking implicated in the speculative bubble and its collapse. But why were they surprised? How did these legislative engineers fail to see the hazards of their fiscal deficits? Had they been pawns? Were they errantly advised? Or were they led astray by false theories and their own greed?

The Limitations of Democracy and Expertise

Dr. Barnett — Thu, 20 May 2010 01:50:33 +0000

No.:

So-called “experts” have led us into modern era minefields. If experts are ruining the world, to whom do we turn? Plutocrats? Special interests and their politicians? The uneducated masses? Organized religion run amuck? Ancient philosophers? Or something else? It’s time for America and the world to get serious about the foundations of good governance. Change is coming like a locomotive.

Morally Hazardous Bailouts: Installment Payments on an Apocalypse?

Dr. Barnett — Sat, 15 May 2010 16:08:16 +0000

No.:

How much time will elapse until California becomes America’s Greece? If the EU thinks it necessary to bail out one of Europe’s most profligate state economies, will the U.S. face the same perceived necessity with one of our wayward state governments?

What Do Elena Kagan And The European Bailout Have In Common?

Dr. Barnett — Wed, 12 May 2010 01:25:26 +0000

President Obama’s nomination of Elena Kagan to the U.S. Supreme Court is, essentially, the same type of governing act as the EU decision to bail out European banks vulnerable to the Greek crisis. In both instances political leadership serves the interests of financial elites — plutocracy advancing while veiled by supposedly democratic institutions. In both cases the power of government grows as it defends the critical interests of financial policy overlords.

Economic Growth Chosen Over National Autonomy?

Dr. Barnett — Mon, 25 Jan 2010 07:00:00 +0000

No.:

A nation borrowing its way toward financial insolvency is not staging an economic recovery even when GDP picks up and the stock market rises. Some people talk about the “recovery of growth” like it is the ultimate goal of American life. What is this recovery that we supposedly need? It is nothing but debt facilitated GDP growth and asset inflation to create a built-in reward for leveraged mega-investors. That’s how Wall Street banks “create” the money to pay big bonuses.

America's Debt Addiction Is Like 1800's Slavery

Dr. Barnett — Sun, 29 Nov 2009 07:00:00 +0000

No.:

Darrell Delamaide argues that President Obama must stimulate the U.S. economy sufficiently to boost employment figures in the near-term, otherwise Democrats will court a political disaster next year. However, the idea of America is far more consequential than today’s interest group driven party goals. In reality, Delamaide is not arguing for stimulus as much as he is arguing against the GOP. A better argument is to replace both reckless, feckless political parties and get the nation’s budgetary affairs in order.

For the Fed, God is Dead

Dr. Barnett — Mon, 27 Jul 2009 06:00:00 +0000

No.:

Make no mistake, Fed Chair Ben Bernanke believes the Federal Reserve stands a fighting chance of re-inflating many segments of the economy and most categories of paper asset prices. Shrewdly, he is less confident that the Fed’s operations will result in a satisfactory recovery of America’s lost jobs. Fed Chair Bernanke can speak of the ongoing financial crisis as the worst since the Great Depression because his rescue of the banking industry will leave many Americans in the lurch.

The End of Big Money's Legitimacy

Dr. Barnett — Sat, 06 Dec 2008 01:00:00 +0000

No.:

“The Star-Spangled Banner” became the national anthem on March 3, 1931, when the Congress and President Hoover formally recognized the anthem. In the midst of the Great Depression, a song about the flag flying proudly in the land of ‘the free and the brave’ gave encouragement. While the Stars and Stripes are still aloft, our nation’s financial impropriety now drags the flag through the dirt. Our U.S. Congress will continue to make laws but the destiny of the country is no longer theirs to command. We have passed the tipping point.