There is No Solution
Let's assume for a moment, that Dick Cheney is the driving force behind the plan to surge in Iraq. Does anyone really believe that the vice president is genuinely concerned about the safety of the Iraqi people? And, yet, the media still insists that the purpose of the troop-increase is to improve security in Baghdad.... Read More
Even a cursory review of Bush's speech shows that the president is less concerned with "security" in Baghdad than he is with plans to attack Iran. Paul Craig Roberts was correct in his article yesterday when he questioned whether all the hoopla over a surge was just "an orchestrated distraction" to draw attention away from... Read More
"I Was Just About to Change Everything ... "
By now, everyone has heard about Rumsfeld's memo. It was leaked to the New York Times supposedly without Rumsfeld's knowledge. It makes the case that Rumsfeld was just about to make major changes in Iraq because he could see that the strategy was failing and had created a disaster. Everything about the memo reeks of... Read More
What impact on the European and U.S. economies may diversification of central bank reserves into euros have?
International Economy Diversification of central bank reserves into larger holdings of euros is much in the news these days. Quite apart from the widening U.S. trade and payments deficit, the Iraq war has created a backlash that has led some Arab and Islamic politicians to urge OPEC countries to price and sell their oil in... Read More
An Interview with Economist Michael Hudson for Counterpunch By STANDARD SCHAEFER The war in Iraq is allegedly over, interest rates are going lower and there are rumors of recovery although the economy is still in the doldrums. A Bush is president, but an election is around the corner. It sounds a bit like the recession... Read More
How America will get Europe to finance its 2002-03 Oil War with Iraq
In the 1991 Gulf War, America got its allies to bear most of the costs voluntarily. After all, U.S. diplomats asked, wasn’t the war fought to protect Kuwait and the next petro-domino, Saudi Arabia, from Iraqi attack – and in the process to protect Europe’s oil and gas supplies from an aggressive grabber? Wasn’t it... Read More