Comparing today’s recession/depression to the 1980 recession

Comparing today's recession/depression to the 1980 recession

"Much like today, Americans were concerned not only with high unemployment but increasing budget deficits in the early 1980s. A September 1983 Gallup poll found that three-fourths of the public agreed that the federal government's budget deficit was a great threat (42%) or some

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Why savers are getting screwed

Why savers are getting screwed

"Without the intervention of economic policymakers, interest rates would be naturally higher. That would increase the cost of borrowing for businesses and consumers, but there would be some offsetting economic benefits. Savers are getting screwed by the current monetary policy

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Geithner admits USA bankrupt to US Senate

Geithner admits USA bankrupt to US Senate

"Never in our history has Congress failed to increase the debt limit when necessary. Failure to raise the limit would precipitate a default by the United States. Default would effectively impose a significant and long-lasting tax on all Americans and all American businesses

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Real reason for electricity blackouts hitting southern US

Real reason for electricity blackouts hitting southern US

“Large oil companies have for a decade artificially shorted the gasoline market to drive up prices,” said FTCR president Jamie Court. “Oil companies know they can make more money by making less gasoline.” The following article was written by Paul Joseph Watson. He is t

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World economies on verge of currency revaluations to deal with debt

World economies on verge of currency revaluations to deal with debt

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -- Henry Ford Basically what the world central banks are doing is increasing their money by devaluin

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Is Obama the next Mugabe of Zimbabwe?

Is Obama the next Mugabe of Zimbabwe?

"America, Britain, Japan, Germany, France, Sweden, Holland, Norway, Canada and Australia make up the Fishmongers Group and their meeting on Tuesday will deliberate on the state of the inclusive government, debt relief, public finance administration and the controversial economi

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US raiding foreign countries with dollars, not soldiers

US raiding foreign countries with dollars, not soldiers

""The United States is going to China and saying: we want you to commit economic suicide, just like Japan did. We want you to follow the same thing: we want you to revalue your currency, we want you to squeeze your companies, we want you to go bankrupt,” says Michael Hudson,

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FDIC wants your retirement cash to save banks: Bloomberg

FDIC wants your retirement cash to save banks: Bloomberg

“The FDIC is constantly looking at structures where we can get the greatest opportunity to tap into capital that we have not had the success reaching through previous disposition methods,” FDIC spokeswoman Michele Heller said in an e-mailed statement. “We welcome and work

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Canadian government admits recovery never happened

Canadian government admits recovery never happened

“Not only did their stimulus fail to create the jobs of tomorrow, it also failed to protect the jobs of today,” Scott Brison, the opposition Liberal Party’s spokesman for finance issues, said by telephone. "Most of us were shaking our heads in disbelief early last year w

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How Western society is brainwashed and crumbling

How Western society is brainwashed and crumbling

"The cultural embrace of illusion, and the celebrity culture that has risen up around it, have accompanied a growing system of casino capitalism, with its complicated and unregulated deals of turning debt into magical assets, to create fictional wealth for us, and vast wealth f

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Will we see double digit interest rates from the 1980s?

Will we see double digit interest rates from the 1980s?

"And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale." -- Thomas Jefferson Spending is

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Greenspan: credit crunch “by far the greatest financial crisis”

Greenspan: credit crunch by far the greatest financial crisis

Greenspan said that while the economy was in worse shape in the Great Depression, the recent financial crisis was potentially more harmful than that in the 1930s because “never had short-term credit literally withdrawn.” Greenspan just said that the current credit crunch

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immigration fence greece

“Greece cannot take it any more. These are tough times for us. Our economy is in recession. We have unemployment and serious problems. Greece cannot become the promised land for those who want to leave their countries and come to Europe.” Greek Citizen Protection Minister Christos Papoutsis told lawmakers in Athens on Friday.

The U.N. refugee agency voiced concern on Friday that Greece’s proposed 12.5 km-long fence at its border with Turkey will shut out asylum-seekers fleeing violence and abuse in their troubled homelands.

We ignore Europe’s problems at our peril. No man is an island and no ocean is a national protection against fascism, police state, modern warfare or systemic racism. Overpopulation and poverty spills over borders by land, by sea and by air. We need a more enlightened society and world. Isolationism is not the answer.

Should Greece build an immigration fence?

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Multiculturalism is wonderful, until the ghosts of distant lands wake up among the descendants of the current newcomers from cultures that are incompatible with Christianity and our European roots (as we wrote here before). When people sing the praises to multiculturalism they forget that they are looking at an extremely narrow slice of time that is the present. Conditions that have caused much multicultural grief around the world take decades, sometimes generations to arise. Only homogeneous society can count on stability, anything else is like playing Russian roulette with our kids’ future.

Multiculturalism does not imply cultural assimilation. Cultural assimilation is what the Americans do relatively successfully, and what the Europeans do poorly. Merkel’s calls her country’s multiculturalism failing when in fact what she actually meant was assimilation failing. And without a real multicultural framework no wonder Europe’s social fabric is in decay.

Multiculturalism guise for cheap workers

Germany did not receive any significant immigration since the 1970s? Well, it clearly depends on your definition of immigrants, but the truth is that the “Guest Worker Program” ended in the early 1970s while millions of immigrants and asylum seekers still arrived later (i.e. 3 million from the former Soviet Union since the 1980s). As for Jewish migration – more than 200,000 Jews from Eastern Europe have settled in Germany since 1991 – more than went to Israel during this period. This makes the Jewish community in Germany the third largest in Europe.

About 16 million people in Germany have a migration background and every 5th wedding in Germany today is between a German citizen and a foreign national. There certainly is xenophobia in the country, but German society has traveled a longer way towards a more tolerant and inclusive society than the reporting suggests. There are problems that need to be addressed to provide greater opportunities for immigrants and to reduce the likelihood of parallel societies, but your take on the issue is extremely one-sided (also on the greatness of Canadian policy these days).

The phenomenon of guest workers is an embarrassment that European countries generally and Germany in particular need to address more honestly. Their economy has benefited enormously from these people and they have been treated very poorly.

U.N. refugee agency warns on Greek anti-migrant fence by Reuters (1)

The fence could lead illegal migrants, including people in need of international protection, to resort to even riskier routes with the help of unscrupulous human traffickers, it said.

Greece said on Monday it planned a fence at its border with Turkey in the Evros region to prevent a wave of immigrants flowing into the debt-choked country. Nine out of 10 illegal immigrants use Greece as their springboard into the European Union.

“While every state has the right to control its borders, it is clear that among the many people crossing Turkey toward the European Union, there are a significant number who are fleeing violence and persecution,” Melissa Fleming, spokeswoman for the U.N. High Commissioner for Refugees, told a news briefing.

“Building fences, we believe, rarely solves the underlying problem of migratory pressures,” she said.

Greece must establish border control mechanisms that provide concrete guarantees to people seeking international protection, according to the UNHCR. Asylum seekers from Afghanistan form the biggest group entering Greece, followed by those from Somalia, Iraq and Eritrea.

References:

(1) U.N. refugee agency warns on Greek anti-migrant fence

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