Stephen Lendman

It's what economist David Rosenberg calls recovery given plenty of supportive evidence, including:

-- over five million homeowners behind on their mortgage payments;

-- at record levels, foreclosures are alarmingly high; moreover, "the foreclosure pipeline is enormous;"

-- "housing, the quintessential leading indicator," turning lower again in starts, sales and prices;

-- instead of a normal 5 - 6 months home supply, the market has a 21 month overhang, including shadow inventory from the foreclosure pipeline;

-- mortgage applications for new home purchases down 13.9% on top of last year's 29.4%;

-- over six million Americans unemployed for at least six months, "a record 40% of the ranks of the joblessness;"

-- over 11 million full-time jobs lost since late 2007, and well over four and a half million since Obama took office, despite pledging to create them;

-- millions of jobs lost despite massive economic stimulus, and when it slows, watch out;

More »

Patrick Mac Manus
Rebellion (Denmark)
Translated from the Danish by Ron Ridenour.

1. At the Copenhagen City Court, Rebellion (Denmark) is accused of the transferral of financial support to the Popular Front for the Liberation of Palestine (PFLP) and the Revolutionary Armed Forces of Colombia (FARC). The demand is imprisonment. Judgement will fall on February 8.

2. History has been driven by peoples’ resistance and change throughout the centuries on all our continents. All change has been created through conflict, from the times of slavery to our own days.

3. The American Declaration of Independence was written by insurgents against British colonial power in 1776, a declaration of “unalienable rights”—among these the rights “to Life, Liberty, and the Pursuit of Happiness”. And the right to resistance against every regime that violates these rights: “whenever any Form of Government becomes destructive of these Ends, it is the Right of the People to alter or to abolish it…”

The Universal Declaration of Human Rights, adopted after World War 11, accentuates: ”Whereas it is essential, if man is not to be compelled to have recourse, as a last resort, to rebellion against tyranny and oppression, that human rights should be protected by the rule of law.”

These are declarations created through a hard-won history, which Rebellion (Denmark) determinedly will defend.

More »

Michel Chossudovsky

Legislation to Establish Internment Camps on US Military Bases

The Economic and Social Crisis

The financial meltdown has unleashed a latent and emergent social crisis across the United States.

What is at stake is the fraudulent confiscation of lifelong savings and pension funds, the appropriation of tax revenues to finance the trillion dollar "bank bailouts", which ultimately serve to line the pockets of the richest people in America.

This economic crisis is in large part the result of financial manipulation and outright fraud to the detriment of entire populations, leading to a renewed wave of corporate bankruptcies, mass unemployment and poverty.

The criminalization of the global financial system, characterized by a "Shadow Banking" network has resulted in the centralization of bank power and an unprecedented concentration of private wealth.

Obama's "economic stimulus" package and budget proposals contribute to a further process of concentration and centralization of bank power, the cumulative effects of which will eventually resul in large scale corporate, bankruptcies, a new wave of foreclosures not to mention fiscal collapse and the downfall of State social programs. (For further details see Michel Chossudovsky, America's Fiscal Collapse, Global Research, March 2, 2009).

The cumulative decline of real economic activity backlashes on employment and wages, which in turn leads to a collapse in purchaisng power. The proposed "solution" under the Obama administration contributes to exacerbating rather than alleviating social inequalities and the process of wealth concentration.

More »