House of Debt – by Vasko Kohlmayer
What will keep the whole system up? What will bring it down?
What will keep the whole system up? What will bring it down?
With the news that GDP grew at 3.5% in the third quarter, it seems apparent that economic recovery is underway. How much of this was a result of government programs? To evaluate this, it is important to understand what constitutes a recovery. There are three developments needed to restore the economy to its prior vibrancy. [...]
The conviction that Jewish settlements in the West Bank are illegal is now so commonly accepted, it hardly seems as though the matter is even open for discussion. But it is. Decades of argument about the issue have obscured the complex nature of the specific legal question about which a supposedly overwhelming verdict of guilty [...]
Until the 1967 war, many in Western Europe saw Israel — correctly — as a tiny and besieged state, surrounded by enemies who wished to destroy it. In this respect, they were helped along by the fact that the leader of those who would after the Six-Day War be carefully…
The banks brace for an economic meltdown of epic proportions.