China’s credits to various countries along its much-discussed Belt and Road Initiative (BRI), the most ambitious infrastructure undertaking in history, have recently been criticized for drawing poor countries into a debt trap by extending huge credits. Myanmar is often cited, as well as Sri Lanka. Malaysia and Pakistan are renegotiating multi-billion-dollar projects of previous regimes….
The Western media in chorus upholds France’s President Macron against the Yellow Vests Movement, which it describes as “Climate Deniers”. The New York Times casually describes the fuel tax hike as a carefully formulated economic policy to fight global climate change. It’s a lie. Hikes in the fuel tax applied Worldwide in more than 120…
Thanks to the internet, we are bombarded 24/7 with news of disasters and impending disasters, to the point of ennui. Are things really as bad as the media and Hollywood say? Or are we headed for a happy techno future? The other evening, in search of some entertainment, I stumbled upon a film by Australian…
Everyone knows America is bankrupt, $21 trillion in debt, adding a trillion a year to that figure under Trump’s voodoo economics. Yet, America is on not just a massive military buildup, but expanding its global military presence at levels not seen since the end of World War II. Is America controlled by an international cabal…
The big push is on to convert Greece into a bastion of liberal democracy and godlessness. At least this is what the latest news from Athens presages. Prime Minister Alexis Tspiras may have gone one step too far in his quest to undermine the Orthodox church. Already under fire for failing at nearly every one…
The entire planet is swimming in debt, yet no one seems to criticize the system itself as being fundamentally flawed. “A man in debt is so far a slave,” American essayist Ralph Waldo Emerson once reportedly said. In light of this statement, I contend that I don’t need to have a college degree in economics…
