By Patrick J. Buchanan
03/24/2009
“The best way to destroy the capitalist system is to debauch the currency,” said Lord Keynes.
Ben Bernanke disagrees. A student of the Depression, the Fed chair appears far more fearful of deflation — a vicious cycle of falling prices, debt defaults, home foreclosures and rising unemployment.
Deflation is what America underwent in the [...]
Archive for March, 2009
The Weimar Solution
March 27, 2009Organized Crime Is Increasingly Active in Film Piracy
March 23, 2009Rand Corporation Report
Organized crime increasingly is involved in the piracy of feature films, with syndicates active along the entire supply chain from manufacture to street sales of pirated movies, according to a new RAND Corporation report.
While crime syndicates have added piracy to criminal portfolios that include drugs, money laundering, extortion and human smuggling, the profits [...]
World defence update
March 21, 2009US DoD defends surveillance ship’s actions in South China Sea
A US Military Sealift Command surveillance ship that jostled with five Chinese vessels in the South China Sea on 8 March did not violate international laws, according to the US Department of Defense (DoD). A Pentagon official told Jane’s on 11 March: “We conducted military operations [...]
China likely to be stronger after crisis
March 17, 2009International Herald Tribune | March 16, 2009
By Keith Bradsher
GUANGZHOU, China: The global economic downturn, and efforts to reverse it, will probably make China an even stronger economic competitor than it was before the crisis.
China, the world’s third-largest economy behind the United States and Japan, had already become more assertive; now it is exploiting its unusual [...]
Vatican refuses to recognize Kosovo
March 17, 2009Serbian Foreign Minister Vuk Jeremic said that Vatican will not recognize the unilaterally declared Kosovo independence and that there are no indications it will alter its stance.
“After today’s talks there are no indications of changes in that position,” Jeremic commented on Vatican’s position on Kosovo.
Jeremic went to Vatican on an official visit on Monday.
The main [...]
Bosnia: New international administrator appointed
March 13, 2009AP | International Herald Tribune
SARAJEVO, Bosnia-Herzegovina: An Austrian diplomat has been appointed as Bosnia’s new international administrator.
The appointment was made in Sarajevo on Friday at a meeting of the Peace Implementation Council, the body that oversees implementation of Bosnia’s 1995 peace agreement.
Austrian diplomat Valentin Inzko will replace Slovak Miroslav Lajcak.
Inzko, Austria’s ambassador in Slovenia, will [...]
World defence update
March 7, 2009US military opens transit route between Russia and Afghanistan
The US military has opened its transit route between Russia and Afghanistan almost a year after Moscow first agreed to allow its territory to be used for the transfer of non-lethal NATO cargo. Kazakhstan, Tajikistan, Turkmenistan and Uzbekistan have all reached similar agreements with the United States [...]
Mujahideen Graves in Bosnia Revealed
March 3, 2009Javno March 3, 2009
Some 200 Mujahideen, Afghan veterans, were buried in Bosnia. Javno is the first to reveal their graveyard in Grm near Zenica.
Although 13 years have passed since the end of the war in Bosnia-Herzegovina, nobody has ever found out where the bodies of Mujahideen from the Arab-Islamic world who waged war on the [...]
