The argument is won: capitalism as an effective system to organise society and provide for human needs has expired. The evidence is conclusive. Trillions of dollars to kickstart the economy in the US and Europe may have given an ephemeral lease of life to the financial class to spin the casino wheel once again, but it is more apparent by the day that the tentative “recovery” has spluttered to a standstill. Gridlocked by unprecedented levels of personal and national debts, the engine of production – the real economy – is in a state of rigor mortis. Read the rest of this entry »

Lord Monckton, 3rd Viscount Monckton of Brenchley, former advisor to Margaret Thatcher, architect, mathematician and climate change sceptic is on a speaking tour of Australia to spread his message that climate change activists are ‘bed-wetters and liars’. Read the rest of this entry »

John Pilger recalls the stricken society he found in Cambodia in 1979 which he described in his epic dispatches and documentary, Year Zero: the Silent Death of CambodiaYear Zero: the Silent Death of Cambodia He reminds us that the Pol Pot horror emerged from the bombing ordered by Richard Nixon and Henry Kissinger, and that Cambodia was again “punished” when its liberators came from the wrong side of the cold war and the Thatcher government send special forces to train the Khmer Rouge in exile Read the rest of this entry »

The postal workers’ struggle is as vital for democracy as any national event in recent years. The campaign against them is part of a historic shift from the last vestiges of political democracy in Britain to a corporate world of insecurity and war. If the privateers running the Post Office are allowed to win, the regression that now touches all lives bar the wealthy will quicken its pace. A third of British children now live in low-income or impoverished families. One in five young people is denied hope of a decent job or education. Read the rest of this entry »

“Out of these troubled times, our fifth objective – a New World Order – can emerge. . . Now, we can see a New World Order coming into view. A world in which there is a very real prospect for a New World Order. . .A world where the United Nations, freed from a Cold War stalemate, is poised to fulfill the historic vision of its founders.” -George H.W. Bush

The Minnesota Free Market Institute hosted an event at Bethel University in St. Paul on Wednesday evening. Keynote speaker Lord Christopher Monckton, former science adviser to British Prime Minister Margaret Thatcher, warned the American people to stop Obama from signing a ‘global climate treaty’ at the climate change conference in Copenhagen in December that will ultimately surrender U.S. sovereignty to a World Government under the guise of helping the environment. Read the rest of this entry »

For the last few months I have been casting around looking for bullish data points as counterfactuals to my more bearish long-term outlook. I have found some, but not enough. If you recall, early this year, I stated that we are in depression, making the case for the ongoing downturn as a depression with a small ‘d.’

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The theft of public money by members of parliament, including government ministers, has given Britons a rare glimpse inside the tent of power and privilege. It is rare because not one political reporter or commentator, those who fill tombstones of column inches and dominate broadcast journalism, revealed a shred of this scandal. It was left to a public relations man to sell the “leak”. Why? Read the rest of this entry »

John Browne, colleague of Peter Schiff and former member of British Parliament, as well as a close associate of then-Prime Minister Margaret Thatcher, talks about the ramifications of Obama’s insane deficit. Read the rest of this entry »