Tag: Federal Reserve

The Global Financial Dictatorship Vs. Iran

Having coped with Libya, the West is ready to hunt down new victims, Syria and Iran being next on the hit list. The campaign against Syria runs into major roadblocks as the country’s leader Bashar al-Assad offered the society a package of reforms which are indeed long overdue, while Russia […]

US Public Debt: No Solution

On Monday the US Congress has finally approved the new budget agreement allowing the government to increase the borrowing limit by 2012 on $2.4 trillion. The plan also provides for saving of $1 trillion in 10 (ten!) years. Today the US public debt is around $14.5 trillion. The budget deficit […]

Default by Greece and the US

In mid June Alan Greenspan, former Federal Reserve chairman, said a default by Greece is “almost certain” and could help drive the US economy into recession. Greenspan’s loud statement on Greece may be a “sound curtain” to prepare the global community to a default by the US… First – a […]

China and US: a Clash of Interests

Strategic Culture Foundation (Russia) Two events which had been anticipated for quite long took place in the U.S. shortly before the G20 summit in Seoul. On 2 November the Democrats lost control of the House of Representatives, and on 3 November the U.S. Federal Reserve announced that it would pump […]