U.S. growth in the first quarter fell to 2.2 percent, a disappointment. But in Europe, that news would have caused general rejoicing. For consider the gathering crisis on the old continent. With negative growth now for six months, Britain has fallen back into recession. “I don’t think we’re anywhere near …
When survival is at stake, one may hear from a politician not what he believes — but what he thinks the people deciding his fate wish to hear. By that standard, what do the people of France, in the final weeks of their presidential election, wish to hear from their …
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 …
Will popular democracy bring down the New World Order? A fair question. For Western peoples are growing increasingly reluctant to accept the sacrifices that the elites are imposing upon them to preserve that New World Order. Political support for TARP, to rescue the financial system after the Lehman Brothers collapse, …
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 …
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 …
“Like a fire bell in the night,” wrote Thomas Jefferson in 1820, “this momentous question … awakened and filled me with terror. I considered it at once as the knell of the Union.” Jefferson was writing of the sudden resurgence of the slavery issue in the debate on Missouri’s entry …
Departing for New Hampshire in November 2010, Sen. Judd Gregg, the fiscal conservative President Obama wanted in his Cabinet, blurted an inconvenient truth: “This nation is on a course where if we don’t do something about it, get … fiscal policy (under control), we’re Greece.” The remark was regarded as …
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