My parents, who lived through the 1930's Depression, taught me two rules: don't buy anything until you can pay for it with your savings; and always save a sizable portion of your income. The United States, once powerhouse to the world, is hooked on debt. America has become so addicted that regular hits are necessary... Read More
Do we need more proof that politicians should never be given national credit cards — unless, of course, they are German, Swiss or Scandinavian. The thunder of crashing equity markets, the humiliating downgrade of America's once gold-standard credit rating, and stern lectures on financial rectitude from the Chinese Communists of all people are the latest... Read More
Once, while driving in rural Virginia, I saw a billboard that proclaimed, "Jesus Saves." Some wag had scrawled across the bottom, "But Moses invests." Today, change that to "the US borrows while China lends." As my friend and veteran columnist Arnaud de Borchgrave writes, while the US has wasted $1.5 trillion on its Afghan and... Read More
One of history's most important lessons is that politicians should never be given a free hand to borrow money to cover the costs of wars, overseas adventures, or military spending. More empires have been brought down by reckless spending than by invaders. The late Soviet Union, which wrecked its economy by buying too many tanks,... Read More
Eric S. Margolis is an award-winning, internationally syndicated columnist. His articles have appeared in the New York Times, the International Herald Tribune the Los Angeles Times, Times of London, the Gulf Times, the Khaleej Times, Nation – Pakistan, Hurriyet, – Turkey, Sun Times Malaysia and other news sites in Asia.
He is a regular contributor to The Huffington Post, Lew Rockwell. He appears as an expert on foreign affairs on CNN, BBC, France 2, France 24, Fox News, CTV and CBC.
His internet column www.ericmargolis.com reaches global readers on a daily basis.
As a war correspondent Margolis has covered conflicts in Angola, Namibia, South Africa, Mozambique, Sinai, Afghanistan, Kashmir, India, Pakistan, El Salvador and Nicaragua. He was among the first journalists to ever interview Libya’s Muammar Khadaffi and was among the first to be allowed access to KGB headquarters in Moscow.
A veteran of many conflicts in the Middle East, Margolis recently was featured in a special appearance on Britain’s Sky News TV as “the man who got it right” in his predictions about the dangerous risks and entanglements the US would face in Iraq.
A native New Yorker, he maintains residences in Toronto and New York, with frequent visits to Paris.