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Video: NATO has dropped the ball but Russia and China have picked it up and are running with it

In this Crosstalk interview by Peter Lavalle with journalist, Pepe Escobar, and economist, Martin Hennecke, the point is made that after 9-11 in 2001, the United States 'took its eye off the ball' to concentrate on the 'war on terror'. Now all it has is the war on terror, but while its attention has been focused on war for 13 years, China and Russia have made many new alliances with the BRICs countries and the future looks better for China and Russia than for the NATO group and its allies. Also criticism of the European and Anglophone press as fixated on personalities and imagined agendas to the exclusion of practical reality. Compares austerity debt in Europe to debt in China and Russia (very low). Refers to evolution away from the petrodollar

ABS Statistics tell a story Government must address

This article takes a quick look at some of Australia's sources of revenue and the costs of supporting our growing population. The numbers are frightening.

Why this anti - Euro hype in the global economic crisis?

Amid a European and global economic crisis, governments are still letting markets get away with little regulation, big bonuses and dubious financial instruments that are distorting financial stability for short-term gain and putting enormous pressure on people to pick up the manufactured debts. (See also "The US Dollar as a weapon: debt and devaluation," which is about a fascinating theory of this kind of economic policy in relation to US debt.)

The US Dollar as a weapon: debt and devaluation

The decline in the value of the US dollar is engineered by the US government in order to make US products more affordable and to relaunch their manufacturing economy. The world is trapped by the US into subsidising its debt on account of the very large market it represents and the control over the money markets of US corporate investors. Other economies with higher value currency will experience a falling off in sales because the goods they produce will be less affordable on the world market. Hans-Peter Martin and Harald Schuman wrote about this 'trap' late last century. Read what they wrote then and consider how well it explains our current situation.

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