Economy / Finance

The Ukraine War is a Racket

by Ron Paul, USA*

(9 May 2022) “War is a racket, wrote US Maj. General Smedley Butler in 1935. He explained: “A racket is best described, I believe, as something that is not what it seems to the majority of the people. Only a small ‘inside’ group knows what it is about. It is conducted for the benefit of the very few, at the expense of the very many. Out of war a few people make huge fortunes.”

The sanctions are tearing the global economy apart

by Prof. Dr Eberhard Hamer*

(2 May 2022) Ukrainian President Selenski demanded of the Western allies that the sanctions imposed on Russia be tightened and “maintained for at least 15 years”. US sanctions against Iran have lasted longer, also against Venezuela and others.

Disarmament For Development

by Alfred de Zayas,* Geneva

(25 April 2022) Edit. The author is both US and Swiss citizen. Here he comments on economic policy issues concerning the USA.

AdZ. Our governments have the wrong priorities — totally skewed budgetary priorities. Year after year our tax dollars are being squandered by Congress, which adopts military-first budgets instead of human-security budgets.

Germany’s kowtowing to warlords

Minister of Economics Habeck in Qatar

(14 April 2022) mb. The German Minister of Economics, Robert Habeck, travelled to Qatar aiming to the buy gas.

The gas war

by Prof. Eberhard Hamer,* Germany

(20 February 2022) The days of cheap energy are probably over for German households and companies. Green ideologues have succeeded in making conventional electricity suppliers such as coal and oil more expensive and more difficult to replace. But the replacement by wind and solar energy is not only uncertain, it is also more expensive – not least because of the taxes imposed by the state.

The West’s new financial weapons

Third World countries’ commitment to carbon-neutral investments

by Manlio Dinucci,* Italy

(20 February 2022) New weapons are being added to the West’s arsenal of economic and financial policies. To understand their nature and importance, it is necessary to start from the weapons used so far: the sanctions – including the most severe, the embargo – imposed mainly by the United States and the European Union on entire states, companies and individuals.