By Patrick J. Buchanan "Government is theft." The old libertarian battle cry came to mind when the news hit, two weeks ago, that Cyprus was about to confiscate 7 percent of all the insured deposits in the island's two biggest banks. Nicosia also planned to siphon off 10 percent of uninsured deposits, those above 100,000 euros ($130,000), and use that cash as well to finance Cyprus' share of Continue reading...
Casino Capitalists Playing With Fire
Tuesday - July 10, 2012 at 2:07 am
By Patrick J. Buchanan Comes now news from across the pond that executives at one of the world's most respected banks, Barclays, rigged Libor. Even the venerable Bank of England is apparently being investigated. For sports fans, this is like fixing the Super Bowl or doping a horse in the Derby. But it is rather more serious. For the London Interbank Offered Rate is the benchmark interest Continue reading...
David Cameron’s Finest Hour
Tuesday - December 13, 2011 at 12:57 am
By Patrick J. Buchanan Prime Minister David Cameron's decision to veto Germany's demand for a new European fiscal union will define his premiership. More than that, Cameron has raised a banner for patriots everywhere fighting to retain their national independence. With his no vote on fiscal union, Cameron declared to the EU: "British surrenders of sovereignty come to an end here. And Continue reading...
‘Arrivederci, Roma’
Friday - November 4, 2011 at 12:14 am
By Patrick J. Buchanan Will popular democracy bring down the New World Order? A fair question. For Western peoples are growing increasingly reluctant to accept the sacrifices that the elites are imposing upon them to preserve that New World Order. Political support for TARP, to rescue the financial system after the Lehman Brothers collapse, is being held against any Republican candidate Continue reading...
The Dirty Old Man and the IMF
Tuesday - May 17, 2011 at 1:56 am
by Patrick J. Buchanan Saturday was a bad day for the New World Order. New York police boarded the first-class cabin of an Air France jet bound for Paris to collar Dominique Strauss-Kahn, the head of the International Monetary Fund, a Grand Master of the Universe and the Socialist Party's hope to defeat President Nicolas Sarkozy in 2012. Strauss-Kahn, or DSK as he is known, was hauled Continue reading...
Is a Bond Crisis Inevitable?
Friday - December 31, 2010 at 1:03 am
By Patrick J. Buchanan With Christmas shoppers out in force and the stock market surging to a two-year high, talk is spreading that the long-awaited recovery is at hand. Perhaps. But gleaning the news from Europe and Asia as U.S. cities, states and the federal government sink into debt, it is difficult to believe a worldwide financial crisis that hammers governments, banks and bondholders Continue reading...
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