By Patrick J. Buchanan Photo Credit: Gage Skidmore Since China devalued its currency 3 percent, global markets have gone into a tailspin. Why should this be? After all, 3 percent devaluation in China could be countered by a U.S. tariff of 3 percent on all goods made in China, and the tariff revenue used to […]
By Patrick J. Buchanan In 1948, Arthur Schlesinger Sr. wrote for Life magazine a controversial article on a subject that has been the cause of spirited and acrimonious debate ever since. He listed the consensus of our academic elite as to which American presidents had been Great, Near Great, Average, Below Average and Failures. Leading […]
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 […]
By Patrick J. Buchanan As Greece lurches on the precipice of default on its sovereign debt, a default that could bring down banks across Europe and precipitate a global financial panic, a consensus is building that there is but one way out. First, a structured default on the Greek debt, giving creditors a major haircut, […]
By Patrick J. Buchanan In the early morning hours of Sept. 1, 1939, 72 years ago, the German army crossed the Polish frontier. On Sept. 3, British Prime Minister Neville Chamberlain, having received no reply to his ultimatum demanding a German withdrawal, declared that a state of war now existed between Great Britain and Germany. […]
By Patrick J. Buchanan “Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.” “Lenin was certainly right,” John Maynard Keynes continued in his […]
By Patrick J. Buchanan Multiculturalism has “totally failed,” says German Chancellor Angela Merkel. “State multiculturalism has had disastrous results,” says Britain’s David Cameron. Is multiculturalism a failure in France? “My answer is clearly yes, it is a failure,” says President Nicolas Sarkozy. Ex-Prime Minister Jose Maria Aznar has declared multiculturalism a failure in Spain, saying […]
By Patrick J. Buchanan The decapitation of the Polish government last weekend, including President Lech Kaczynski and the military leadership, on that flight to Smolensk to commemorate the Katyn Massacre, brings to mind the terrible and tragic days and deeds of what many yet call the Good War.