Here is an excellent article that makes the obvious connexion between the subprime crisis and the rise in the price of oil with all its consequences, between them the transfer of wealth to the middle east and the fall of the dollar.
http://www.aljazeera.com/news/newsfull.php?newid=85606
On the same line this piece looks at the massive US trade deficit through the increase of the military budget. Analyzes the so-called "military Keynesianism" that is, the economic policy consisting of putting huge amount of resources on building an ever increasing military force to sustain economic growth. As we can see now, what is maybe considered the richest country in the world may have the biggest and most advanced army, but at the expense of being a country that is being now sold off to the middle east like parts of a car in a junkyard, at the expense of public health and education, and of the middle class going down the gutter. The article is quite long, but I really recommend its reading.
http://www.aljazeera.com/news/newsfull.php?newid=82203
And more about this on an excellent article by Peter Schiff.
http://www.europac.net/externalframeset.asp?from=home&id=11910
How the financial instruments got so complicated, and the derivate market so messed up, that some mortgage companies can't even tell who owns what.
http://www.bloomberg.com/apps/news?pid=20601109&sid=aejJZdqodTCM&refer=home
More about the global credit crunch... economic mayhem may very well be round the corner.
http://www.guardian.co.uk/business/2008/feb/25/economics
And from the Financial Times, something that was waiting to happen, first signs of the real food crisis. The blunt equation is: More people that need more food, on soil that is increasingly eroded and degraded by industrialized agriculture and deforestation, used inefficiently to feed even more cattle and, now, cars, and even add to all this ever increasing chaotic weather! Do you feel the vertigo now?
http://cryptogon.com/?p=2088
More about this on the guardian today (26/02/08):
http://www.guardian.co.uk/environment/2008/feb/26/food.unitednations
"WFP officials say the extraordinary increases in the global price of basic foods were caused by a "perfect storm" of factors: a rise in demand for animal feed from increasingly prosperous populations in India and China, the use of more land and agricultural produce for biofuels, and climate change."
Just as I was saying, except that they don't add to the 'storm' population growth or land degradation.
And just a few more things about the military industrial complex,
you can watch this documentary "Why we fight" on Google video, just click here, (i can not recommend it enough, it's a real eye opener!)
and you can listen to the last on point radio program which is about the same thing. But nothing better that to listen to Eisenhower's speech in 1960, you can read it here or listen to it.
http://www.aljazeera.com/news/newsfull.php?newid=85606
On the same line this piece looks at the massive US trade deficit through the increase of the military budget. Analyzes the so-called "military Keynesianism" that is, the economic policy consisting of putting huge amount of resources on building an ever increasing military force to sustain economic growth. As we can see now, what is maybe considered the richest country in the world may have the biggest and most advanced army, but at the expense of being a country that is being now sold off to the middle east like parts of a car in a junkyard, at the expense of public health and education, and of the middle class going down the gutter. The article is quite long, but I really recommend its reading.
http://www.aljazeera.com/news/newsfull.php?newid=82203
And more about this on an excellent article by Peter Schiff.
http://www.europac.net/externalframeset.asp?from=home&id=11910
How the financial instruments got so complicated, and the derivate market so messed up, that some mortgage companies can't even tell who owns what.
http://www.bloomberg.com/apps/news?pid=20601109&sid=aejJZdqodTCM&refer=home
More about the global credit crunch... economic mayhem may very well be round the corner.
http://www.guardian.co.uk/business/2008/feb/25/economics
And from the Financial Times, something that was waiting to happen, first signs of the real food crisis. The blunt equation is: More people that need more food, on soil that is increasingly eroded and degraded by industrialized agriculture and deforestation, used inefficiently to feed even more cattle and, now, cars, and even add to all this ever increasing chaotic weather! Do you feel the vertigo now?
http://cryptogon.com/?p=2088
More about this on the guardian today (26/02/08):
http://www.guardian.co.uk/environment/2008/feb/26/food.unitednations
"WFP officials say the extraordinary increases in the global price of basic foods were caused by a "perfect storm" of factors: a rise in demand for animal feed from increasingly prosperous populations in India and China, the use of more land and agricultural produce for biofuels, and climate change."
Just as I was saying, except that they don't add to the 'storm' population growth or land degradation.
And just a few more things about the military industrial complex,
you can watch this documentary "Why we fight" on Google video, just click here, (i can not recommend it enough, it's a real eye opener!)
and you can listen to the last on point radio program which is about the same thing. But nothing better that to listen to Eisenhower's speech in 1960, you can read it here or listen to it.
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