Newest Bailout: Auto-parts Suppliers
The Obama administration is now in the business of subsidizing the auto parts industry. In yet another slug of taxpayer money intended to prevent the collapse of GM and...
About: Charles Scaliger
Posts by Charles Scaliger
Geithner’s Nationalization Plan Won’t Work
It’s official: the Obama administration intends to nationalize the entire financial sector. If there were any lingering doubts as to the intentions of President Barack Obama and Treasury Secretary...
China Calls for a Global Currency
China is calling for a new global reserve currency to replace the dollar. According to an AP report, the governor of China’s central bank, Zhou Xiaochuan, wrote in an...
“Toxic Asset” Plan Based on Fascist Model
The Obama administration’s long-awaited proposal to remove so-called “toxic” mortgage-backed assets from U.S. banks has finally been unveiled, to huzzahs across the globe. Stocks from Tokyo to New York...
The Fed to Create More Than $1 Trillion
If there were any lingering doubts as to where the Federal Reserve’s expansive monetary policies are leading, they were dispelled by yesterday’s shocking announcement that the Fed intends to...
UN Panel to Say World Should Ditch Dollar
A United Nations panel is about to recommend that the world abandon the dollar as the world’s reserve currency, according to a Reuters report. Next week, the UN will...
Fed Bailouts More Outrageous Than AIG Bonuses
All of the feigned outrage in Washington over the millions that AIG has been doling out in bonus payments, and the tens of billions in bailout monies that it...
El Salvador to Lurch Leftward Under Funes
Tiny, tragic El Salvador became on Sunday the latest Latin American country to lurch leftwards, following the lead of the likes of Venezuela, Brazil, Ecuador, and Nicaragua. Popular former...
G20 Consensus Hostile to Free Market
If the talk at the G20 gathering in England is any indication, the hard-beset global economy is stuck between the devil and the deep blue sea. From the American...
Will China Dump U.S. Debt?
The Chinese government, to which the United States is in debt approximately $1 trillion, is preparing to use its leverage to exact concessions from the U.S. government. “We are...
AIG, Bailouts, and the Banks
Official Washington is an a tizzy over new revelations, courtesy of the Wall Street Journal and dutifully amplified by other news outlets, that as much as $50 billion of...
Agenda Behind Brown’s “Global New Deal”
British Prime Minister Gordon Brown, who has been working tirelessly for months to promote world financial and economic governance under the pretext of fighting the ongoing global recession, called...
Down Goes the Dow
Down, down, down goes the Dow (and all the other stock indexes), and how much further the markets are likely to fall before the recession bottoms out is becoming...
AIG’s Latest (Fourth) Federal Bailout
For the fourth time in six months, the federal government is giving billions of taxpayer dollars to AIG, following the latter’s announcement of a $61.7 billion fourth quarter loss...
$750 Billion Bank Bailout in Obama Budget
Figuring prominently in President Barack Obama’s newly released budget proposal for fiscal 2010 is another massive bank bailout. The Bush administration’s gargantuan $700 billion bank boondoggle was bad enough,...
Money for Nothing, and Blue Chips for Free
On December 16th, the Federal Reserve announced a record-setting cut in interest rates, targeting the federal funds rate at zero to a quarter of a percent. There were hosannas...
The Power Elite & George W.
George W. Bush is following in the footsteps of his father on the road to the White House and, like the elder Bush, is proving himself to be every...
Soldier-Missionary
John Birch, fortified by Christian virtue, fought and died in an effort to liberate, in body and soul, China’s oppressed masses. ...