By Patrick J. Buchanan With Greece on the precipice of default, and Portugal and Italy approaching the ledge, the European monetary union appears in peril. Should it collapse, the European Union itself could be in danger, for economic nationalism is rising in Europe. Which raises a larger question. Is the New World Order, the great […]
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 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 […]
By Patrick J. Buchanan For those who have read about or vaguely remember the stolid British tribe of Dunkirk, the Battle of Britain and the Blitz, which held out in its “finest hour,” last week brought a disgusting sight. Mobs in Parliament Square set fire to the statue of 19th century statesman Lord Palmerston and […]
By Patrick J. Buchanan When 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 […]
By Patrick J. Buchanan They are called the PIGS — Portugal, Ireland, Greece, Spain. What they have in common is that all are facing deficits and debts that could bring on national defaults and break up the European Union. What brought the PIGS to the edge of the abyss?
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 […]