By Patrick J. Buchanan

Prime Minister David Cameron’s decision to veto ’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 Britain will deny Brussels any oversight authority of any national budgets or any right to sanction EU members.”

By Patrick J. Buchanan

As lurches on the precipice of on its sovereign , a that could bring down across and precipitate a global financial panic, a consensus is building that there is but one way out.

First, a structured on the Greek , giving creditors a major haircut, but compensating them with eurobonds of half the face value of the Greek bonds, guaranteed by the European Central Bank.

By Patrick J. Buchanan

The decision by Standard & Poor’s to strip the United States of its AAA credit rating, for the first time, has triggered a barrage of catcalls against the umpire from the press box and Obamaites.

S&P, we are reminded, was giving A ratings to like Lehman Brothers, whose books were stuffed with suspect subprime paper, right up to the day Lehman Brothers fell over dead.

By Patrick J. Buchanan

Though President Obama has run rings about the Republican Party in the -ceiling debate, that party can yet emerge victorious, if it will stick to its guns.

Clearly, the Republican strategy was not thought through, when the party chose the ceiling as the legislative terrain on which to fight its fiscal war.

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 , a Grand Master of the Universe and the Socialist Party’s hope to defeat President Nicolas Sarkozy in 2012.

By Patrick J. Buchanan

Is the world headed for a 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 increased this week after President Obama’s trashing of Rep. Paul Ryan’s reduction plan as dragging us all back to the Dickensian days of “Oliver Twist.”

By Patrick J. Buchanan

When collapsed in Moscow, Prague and Belgrade at the end of the Cold War, ethnic surged to the surface in all three nations and tore them apart into 24 countries.

Economic is now resurgent across Europe. And it is hard to see how a transnational institution like the , run by faceless bureaucrats, and the 16-nation it created long survive.

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-, 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 Caucasus and the Walloons of Belgium.

© 2011 Patrick J. Buchanan - Official WebSite Suffusion theme by Sayontan Sinha