By Patrick J. Buchanan If it is the first responsibility of the Federal Reserve to protect the dollars that Americans earn and save, is it not dereliction of duty for the Fed to pursue a policy to bleed value from those dollars? For that is what Chairman Ben Bernanke is up to with his QE2, […]
By Patrick J. Buchanan For those who can yet recall the backyard blast furnaces of Mao’s China in the 1950s and the Great Proletarian Cultural Revolution to re-instill peasant values in the 1970s, the news was jarring. In 2011, said the Financial Times, China will surpass the United States as first manufacturing power, a title […]
By Patrick J. Buchanan “Thank you, Hu Jintao, and thank you, China,” said Hugo Chavez, as he announced a $20 billion loan from Beijing, to be repaid in Venezuelan oil. The Chinese just threw Chavez a life-preserver. For Venezuela is reeling from 25 percent inflation, government-induced blackouts to cope with energy shortages and an economy […]
By Patrick J. Buchanan A month after Germany surrendered in May 1945, America’s eyes turned to the Far East, where the bloodiest battle of the Pacific war was joined on the island of Okinawa.
By Patrick J. Buchanan About the first decade of what was to be the Second American Century, the pessimists have been proven right. According to the International Monetary Fund, the United States began the century producing 32 percent of the world’s gross domestic product. We ended the decade producing 24 percent. No nation in modern […]
By Patrick J. Buchanan “This state visit is … a terrible mistake,” said Rep. Eliot Engel, chairman of the House Subcommittee on the Western Hemisphere.
By Patrick J. Buchanan When America is about to throw an ally to the wolves, we follow an established ritual. We discover that the man we supported was never really morally fit to be a friend or partner of the United States.
By Patrick J. Buchanan If we had it to do over, would we send an army into Afghanistan to build a nation? Would we invade Iraq? While these two wars have cost 5,200 dead, a trillion dollars and a divided America facing an endless war, what have we won?