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| Panic at the Fed or Back to Normalcy? |
| 24.02.10 02:33 |
Economics |
| The decision of the US Federal Reserve to raise its key interest rate was definitely not a sign of confidence in the US economic recovery or a signal that Fed policy is slowly returning to normal as claimed. It was rather a signal of panic over the weakness in US Government bond markets, the heart of the dollar financial system. |
| F William Engdahl |
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| WHO ‘Swine Flu Pope’ under investigation for gross conflict of interest |
| 08.12.09 23:22 |
Economics |
| The man with the nickname “Dr Flu”, Professor Albert Osterhaus, of the Erasmus University in Rotterdam Holland has been named by Dutch media researchers as the person at the center of the worldwide Swine Flu H1N1 Influenza A 2009 pandemic hysteria. Not only is Osterhaus the connecting person in an international network that has been described as the Pharma Mafia, he is THE key advisor to WHO on influenza and is intimately positioned to personally profit from the billions of euros in vaccines allegedly aimed at H1N1. |
| F. William Engdahl |
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| Will the Dollar get an “Arab oil shock”? |
| 07.10.09 14:27 |
Economics |
| Arab oil producing nations and the some world’s largest oil consumers including China and Japan are reliably reported to be secretly planning a long-term exit from pricing their oil trade in dollars. If true, it would spell the death knell for the dollar as world reserve currency and for the USA as global economic power. |
| F. William Engdahl |
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| An interview with William Engdahl |
| 04.07.09 23:15 |
Economics |
| Since the end of the Cold War some 18 years ago it has been the prime Washington goal to make Russia and the CIS countries vassal states of a global Dollar Imperium. This is the real significance of the IMF as the agency for Russian and CIS "reform" after 1990. To my mind it was and is a very foolish and very short-sighted policy even from a standpoint of USA best interest. It has backfired badly and at a huge cost in lives and health of hundreds of millions across the world, in Russia, East Europe and including in the United States. Sadly President Obam,a represents no change to this agenda. That can be seen in his choice of Defense and National Security and Intelligence cabinet as well as his economic team. It is all the old guard in new clothes. Given the US economic and financial crisis, the US "Emperor" has no clothes. It like Great Britain after 1914 is an empire in terminal decline, but American elites are in psychological "denial" state. |
| WarAndPeace |
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| Ankara Moscow and Washington in the Eurasian Pipeline Calculus |
| 18.06.09 09:53 |
Economics |
| Calculus has two main variants—derivative and integral. The Eurasian energy pipeline geopolitics between Turkey Washington and Moscow today has elements of both. It is highly derivative in that the major actors across Central Asia from China, Russia to Turkey are very engaged in a derived power game which has less to do with any specific state and more to do with maintaining Superpower hegemony for Washington. Integral as the de facto motion of various pipeline projects now underway or in discussion across Eurasia hold the potential to integrate the economic space of Eurasia in a way that poses a fundamental challenge to Washington’s projection of Full Spectrum Dominance over the greatest land mass on earth. |
| F. William Engdahl |
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| A Tale of Two Diverging Economic Worlds |
| 11.06.09 01:42 |
Economics |
| Increasingly a deep divide within the world of globalization is emerging which will have the most profound significance for the future of G7 nations’ economic and political stability. The divide is between those nations which are still embedded within the dollar system, including countries in the Eurozone, versus those emerging economies—especially the BRIC—Brazil, Russia, India, China—where new economic markets and regions are rapidly replacing their over-dependence on the United States as prime export market and prime source for investment finance. The long-term consequences will be an aggravation of the trend of the United States as a political and economic superpower in terminal decline, while dynamic new economic zones, initially mainly of regional importance, will arise. |
| F. William Engdahl |
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| AIG Larry Summers and the Politics of Deflection |
| 18.03.09 16:48 |
Economics |
| Finally US authorities have gotten ‘tough’ with the predator financial institutions. The world has been waiting for such decisive intervention since an unending series of Government bailouts of financial institutions began early in 2008 amounting to now trillions of taxpayer dollars. Now, with the world’s largest insurance giant, AIG, the White House Economic Council chairman, Larry Summers has expressed ‘outrage.’ President Obama himself has entered the fray to promise ‘justice.’ US Senators have threatened a law to change the injustice. The only problem is they are all exercising ‘politics of deflection,’ taking attention away from the real problem, the fraudulent bailout. |
| F. William Engdahl |
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| Next Wave of Banking Crisis to come from Eastern Europe |
| 20.02.09 18:23 |
Economics |
| European banks face an entirely new wave of losses in coming months not yet calculated in any government bank rescue aid to date. Unlike the losses of US banks which derive initially from their exposures to low-quality sub-prime real estate and other securitized lending, the problems of western European banks, most especially in Austria, Sweden and perhaps Switzerland arise from the massive volumes of loans they made during the 2002-2007 period of extreme low international interest rates to clients in eastern European countries. |
| F. William Engdahl |
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| Behind the panic: Financial Warfare over future of global bank power |
| 09.10.08 15:28 |
Economics |
| What’s clear from the behavior of European financial markets over the past two weeks is that the dramatic stories of financial meltdown and panic are deliberately being used by certain influential factions in and outside the EU to shape the future face of global banking in the wake of the US sub-prime and Asset-Backed Security (ABS) debacle. The most interesting development in recent days has been the unified and strong position of the German Chancellor, Finance Minister, Bundesbank and coalition Government, all opposing an American-style EU Superfund bank bailout. Meanwhile Treasury Secretary Henry Paulson pursues his Crony Capitalism to the detriment of the nation and benefit of his cronies in the financial world. It’s an explosive cocktail that need not have been. |
| F. William Engdahl |
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| Henry Paulson has lost the control over US finance, economy |
| 02.08.08 18:34 |
Economics |
| When Henry Paulson agreed to leave his job as chairman of the powerful Wall Street investment bank, Goldman Sachs to go to Washington as Treasury Secretary in 2006 he demanded extraordinary powers as de facto economic czar. He got it. Paulson is also head of the President’s Working Group on Financial Markets -- the secretary of the treasury and the chairmen of the Federal Reserve Board, the Securities and Exchange Commission and the Commodity Futures Trading Commission. The Working Group is the financial world's equivalent of the Pentagon war room. Paulson, not Fed chairman Bernanke, is the person running the Administration’s crisis management. And his recent actions indicate he has lost control as the snowballing problems from the semi-government mortgage companies Freddie Mac and Fannie Mae to the collapse of the multi-trillion dollar market in Asset Backed Securities (ABS) to the real economy are compounding into the worst crisis since the 1930’s Great Depression. |
| F. William Engdahl |
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| The Financial Tsunami—The Next Big Wave is Breaking Fannie Mae Freddie Mac and US Mortgage Debt |
| 16.07.08 11:17 |
Economics |
| The announcement by US Treasury Secretary Henry Paulson together with Federal Reserve chief Bernanke, that the US Government will bailout the two largest guarantors of housing mortgage debt—the Fannie Mae and Freddie Mac—far from calming financial markets, has confirmed what we have said repeatedly in this space: The Financial Tsunami which began in August 2007 in the relatively small “sub-prime” high risk US mortgage securitization market, far from being over, is only gathering momentum. |
| F. William Engdahl |
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