By Patrick J. BuchananIs the world headed for a debt crisis to dwarf the one that befell us in 2008, when Treasury Secretary Hank Paulson stood aside and let Lehman Brothers crash?No one knows for certain. As Yogi Berra said, "it's tough to make predictions, especially about the future."But the probability of a financial crisis increased this week after President Obama's trashing of Continue reading...
Is a Bond Crisis Inevitable?
Friday - December 31, 2010 at 1:03 am
By Patrick J. BuchananWith 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...
European Union: R.I.P.?
Tuesday - November 30, 2010 at 1:59 am
By Patrick J. BuchananWhen communism collapsed in Moscow, Prague and Belgrade at the end of the Cold War, ethnic nationalism surged to the surface in all three nations and tore them apart into 24 countries.Economic nationalism is now resurgent across Europe. And it is hard to see how a transnational institution like the European Union, run by faceless bureaucrats, and the 16-nation Continue reading...
Will the PIGS Blow Up Europe?
Tuesday - May 18, 2010 at 8:56 am
By Patrick J. Buchanan“Among the mega-forces moving the tectonic plates and imperiling the nation-states of the world from above and below are these:First, ethno-nationalism, which threatens nations with secession and break-up. We see it in the Uighurs of China, the Naga of India, the Baluch of Iran and Pakistan, the Kurds of Iran, Syria, Iraq and Turkey, the Chechens of the Russian Continue reading...
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