TruthSavvy - Sovereignty

GDP Growth Doesn't Mean We're On The Right Road

Mr. Smith — Sat, 26 Mar 2011 20:54:28 +0000

Dr. B. Posted this on Marketwatch last week:

America's recent GDP growth reflects population growth, the resurgence of the financial sector (speculation), the impact of QE2, the growth of national debt, and "real inflation" in services (meaning the same prices in many cases but reduced quality, thus necessitating the creation of "remedial" and supplemental service work that adds to GDP, but not constructively). These are not indicators of societal progress. GDP growth in these circumstances reflects how far astray we're going from a sustainable model and from real justice. Its nothing to celebrate unless one wishes to applaud the increased concentration of power in the hands of elites.

Egypt's message to America: Big Changes Come Unexpectedly

Mr. Smith — Sat, 12 Feb 2011 17:51:12 +0000

Can a government fall after just three weeks of protests? People who were ignored when they predicted these things even a year ago look really wise today. While the future of Egypt is very uncertain, dramatic and unexpected changes have arrived.

Sovereign Debt Risks Grow as Stimulus Pumps Asset Prices

Dr. Barnett — Tue, 07 Dec 2010 07:00:00 +0000

Paul Farrell provides ten worthwhile observations in his forecast of a coming banking crisis. Essentially, he argues against buying stocks in an environment where market indices are about 70% off their lows. He sees two stock markets in America — one for the rich and another for everyone else. He explains how Wall Street skims from Main Street, rigs markets, and grasps vast winnings from socially worthless activities.

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.

The High Price Of Wall-Street's 'Puffed-Up' Money Machine

Dr. Barnett — Tue, 25 May 2010 06:00:00 +0000

No.:

The market’s recent plunge to new closing lows complicates the recovery picture for many market bulls, including people who believe the regulatory reforms underway will eventually cure whatever ails us. Recent market action — including the May 6 ‘Flash-Crash’ — should be unsettling to individuals who think free market mechanisms are all we need.

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.

Speculation Will Not Cure What Ails Us

Dr. Barnett — Tue, 25 Aug 2009 06:00:00 +0000

No.:

It is time to dismantle the central bank conspiracy. In countering the cabal, Farrell urges the reading of William Greider’s July 15 essay,“Dismantling the Temple”. Greider provides an exposition of the Fed’s calamitous financial biases and regulatory deficiencies. Furthermore, he draws attention to the bipartisan idea that the U.S.

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.

Write the Truth While You Can

Dr. Barnett — Fri, 17 Jul 2009 06:00:00 +0000

No.:

Mass media may have been the weakest link in the American political system until the financial crisis of 2008. Personal observations support this conclusion as well as assessments of discerning scholars like Doris A. Graber (see “Mass Media & American Politics,” 7th edition, 2006). However, the emerging media situation is more complex, with growing evidence that heroic visionaries are writing to greater effect than forked tongue villains or hopelessly compromised media celebrities.

Lessons from Russia on Plutocracy

Dr. Barnett — Wed, 08 Oct 2008 04:00:00 +0000

No.:

The investing public needs to make sense of the fast changes underway in the U.S. economy. One useful means of untangling current events is to compare the Russian experience with our unfolding situation. The comparison illustrates the likely fate of both countries.