Americas

Authored by Paul Craig Roberts,

In my archives there is a column or two that introduces the reader to John Perkins’ important book, Confessions of an Economic Hit Man.

Submitted by Bill Bonner of Bonner & Partners (annotated by Acting-Man.com's Pater Tenebrarum),

We are searching for an insight. Each time we think we see it… like the shadow of a ghost in an old photo… it gets away from us. It concerns the real nature of our money system… and what’s wrong with it. Here… we bring new readers more fully into the picture… and try to spot the flaw that has doomed our economy.

The Evil Empire Has The World In A Death Grip

Paul Craig Roberts

The Brazilian state of Rio Grande do Sul has suspended the use of a chemical used to kill mosquitoes that transmit the Zika virus, after doctors voiced concerns that it may be the actual cause of brain defects in newborns. The state government’s move followed reports from the Argentine group Physicians in the Crop-Sprayed Towns (PCST) and Brazilian Collective Health Association (Abrasco)  which both suggested that the larvicide, not the Zika virus, was responsible for the alarming spike in microcephaly.

Submitted by Leonard Brecken via OilPrice.com,

During the 1990s, developing nations including Mexico and many in Asia became very competitive manufacturing bases due to lower wage structures. This, I believe, was the root cause of the use of failed fiscal and monetary policy to “close the gap” with the competitiveness of low-cost wage structures around the world, which has played out for three decades. The result has been three bubbles and a worsening systemic problem of wage and taxation disparity between the U.S. and developing nations.