Spitfire List Web site and blog of anti-fascist researcher and radio personality Dave Emory.
The tag 'Paul Krugman' is associated with 16 posts.

Krugmenistan vs the Permahawks

Lift Off! That was the announce­ment by the Fed­er­al Reserve this week when the world’s biggest and most influ­en­tial cen­tral bank start­ed the long await­ed rais­ing of its bench­mark short-term rate a quar­ter point from near-zero lev­els, mark­ing the first time the Fed has raised rates since 2006. It was big news, except this rate hike was telegraphed for quite a while now and vir­tu­al­ly every­one was expect­ing the Fed to do exact­ly what it did, so it’s not as big as it could have been. If the Fed had decid­ed not to raise rates, despite all the telegraph­ing, that prob­a­bly would have been a big­ger sto­ry. But would it have been a bad sto­ry if the Fed decid­ed to keep rates at their cur­rent near-zero lev­els? There’s a big debate in the eco­nom­ic com­mu­ni­ty over that. And it’s a debate that pits pru­dent econ­o­mists with excel­lent track-records like Paul Krug­man, some­one who opposed the Fed’s Decem­ber “lift off” deci­sion, against the broad array of “per­ma­hawks”. But it’s not just the ques­tion with respect to Fed. The Euro­pean Cen­tral Bank made a pol­i­cy announce­ment this month too regard­ing its stim­u­lus mea­sure and it was indeed rather sur­pris­ing. And as we’re also going to see in this post, it was sur­pris­ing in the way that just might have done seri­ous dam­age to not just the cred­i­bil­i­ty of ECB Pres­i­dent Mario Draghi but the ECB itself. Or at least cred­i­bil­i­ty in the ECB’s com­mit­ment to its sin­gle man­date of keep­ing infla­tion hov­er­ing around 2 per­cent.

To pla­cate per­ma­hawks (to main­tain cred­i­bil­i­ty) or not pla­cate the per­ma­hawks (to main­tain cred­i­bil­i­ty)? That is the ques­tion. Or at least one of the ques­tions cen­tral banks face. Unfor­tu­nate­ly.


FTR #882 The Perfect “Sturm”: Machiavelli 3.0 and the Rise of Global Fascism

When “The New York Times” takes note of the rise of fas­cism in Amer­i­ca, you know things are get­ting very bad indeed. On suc­ces­sive days (Fri­day, 12/11 and Sat­ur­day, 12/12 of 2015), the Times fea­tured two op-ed columns in each edi­tion dis­cussing the rise of fas­cism in Europe and the Unit­ed States. Fur­ther­more, one col­umn not­ed the fix­a­tion by ISIS, the Hin­du nation­al­ist fas­cists in pow­er in India and oth­ers on a myth­i­cal, ide­al­ized past. The broad­cast recaps Peter Lev­en­da’s analy­sis of the role of atavism in fuel­ing fas­cist ide­ol­o­gy. Long­ing for a myth­i­cal, ide­al­ized past free of the entan­gle­ments of the present, fas­cists of var­i­ous types scape­goat those whom they view as hav­ing pol­lut­ed soci­ety. Pro­gram High­lights Include: Don­ald Trump’s asso­ci­a­tion with Helene Von Damm (pro­tege of Eich­mann supe­ri­or and CIA offi­cer Otto von Bolschwing); Trump’s asso­ci­a­tion with Joseph McCarthy aide Roy Cohn; Trump’s asso­ci­a­tion with for­mer Axis spy Nor­man Vin­cent Peale; the assis­tance giv­en Joe McCarthy’s witch hunts by a U.S. intel­li­gence net­work draw­ing on the skills of SS offi­cers and led by Karl Wolff (Hein­rich Himm­ler’s per­son­al adju­tant.)


Greek Prime Minister Continues to Pursue World War II Reparations from Germany

As dis­cussed in FTR #788, Ger­many has NOT reim­bursed Greece for the enor­mous dam­age wrought dur­ing World War II. Once again, that pur­loined wealth and the Bor­mann cap­i­tal net­work that was the vehi­cle for the rein­vest­ment of the Nazis’ World War II loot is cen­ter stage. Greek Prime Min­is­ter Alex­is Tsir­pas is demand­ing that the mon­ey be repaid. Tsir­pas’ demand focus­es atten­tion on a dynam­ic that lies at the foun­da­tion of 20th and 21st cap­i­tal flows. All of the con­tents of this web­site as of 12/19/2014–Dave Emory’s 35+ years of research and broadcasting–as well as hours of video­taped lec­tures are avail­able on a 32GB flash dri­ve. Dave offers his pro­grams and arti­cles for free–your sup­port is very much appre­ci­at­ed.


Ghosts of World War II and the Greek Economic Crisis

In FTR #746 and FTR #788, we ana­lyzed the Greek eco­nom­ic cri­sis, the EMU and “Clause­witz­ian Eco­nom­ics.” As Greece and Ger­many square off fol­low­ing the elec­tion of a left-wing coali­tion gov­ern­ment in the for­mer, the ghosts of World War II are mate­ri­al­iz­ing in fright­en­ing and dra­mat­ic fash­ion. The new Greek finance min­is­ter has not­ed the rise of Nazism in Greece as a result of the eco­nom­ic and social depri­va­tion stem­ming from the aus­ter­i­ty doc­trine. There also remains the pos­si­bil­i­ty of rais­ing the specter of Ger­many’s unpaid World War II debt to Greece, there­by cit­ing the eco­nom­ic and polit­i­cal dynam­ics inher­ent in the Bor­mann cap­i­tal net­work, about which we speak so often. All of the con­tents of this web­site as of 12/19/2014–Dave Emory’s 35+ years of research and broadcasting–as well as hours of video­taped lec­tures are avail­able on a 32GB flash dri­ve. Dave offers his pro­grams and arti­cles for free–your sup­port is very much appre­ci­at­ed.


Romano Prodi Calls for a “Latin Front” to Oppose German Domination of Europe

The U.S. Depart­ment of the Trea­sury, Paul Krug­man and a grow­ing cho­rus of Euro­pean voic­es are not­ing Ger­many’s eco­nom­ic poli­cies as being bru­tal­ly restric­tive toward oth­er Euro­pean coun­tries and the world as a whole. Now, for­mer Ital­ian Prime Min­is­ter Romano Pro­di has issued a call for a “Latin Front” to open­ly oppose Ger­man pol­i­cy.


Update on Bitcoin, Max Planck Institute

One of the most vis­i­ble sup­port­ers of bit­coin is a “tech­no-lib­er­tar­i­an” named Cody R. Wil­son, whom we exam­ined in FTR #760. Wil­son, not sur­pris­ing­ly, is a devo­tee of Hans Her­mann-Hoppe and an active oppo­nent of democ­ra­cy. Bit­coin users have favored the Tor net­work. Now, a researcher with the Max Planck Insti­tute is look­ing to devel­op an alter­na­tive inter­net net­work that wil be imper­vi­ous to pen­e­tra­tion. One won­ders if that is intend­ed to facil­i­tate secure move­ment of ter­ror­ist and/or covert oper­a­tions monies for Under­ground Reich ele­ments.


FTR #760 Bit[coin]burg–The Rebels Without a Clue

In this pro­gram, we exam­ine a clan­des­tine, online cur­ren­cy called bit­coin. Bit­coin has been hatched from the same lib­er­tar­i­an, Lud­wig von Mis­es milieu to which Eddie “get rid of social secu­ri­ty, bring back the gold stan­dard” Snow­den adheres. Although the cur­ren­cy has usu­al­ly been attrib­uted to one Satoshi Nako­mo­to, an arti­cle in Fastcompany.com hypoth­e­sizes that the actu­al devel­op­ers of bit­coin were Charles Bry, Neal J. King (who offi­cial­ly denies any involve­ment) and Vladimir Oks­man. All three work for a Ger­man firm called Lan­tiq, evolved from Siemens A.G. Ger­many is the only nation that rec­og­nizes bit­coin.


Bit[coin]burg II

“Tech­no-lib­er­tar­i­ans” view bit­coin as a pos­si­ble alter­na­tive to the dol­lar as a reserve cur­ren­cy, man­i­fest­ing an anti-gov­ern­ment ori­en­ta­tion. It has been sub­ject to all of the same ills as reg­u­lar cur­ren­cies. Lib­er­tar­i­an-fas­cist Peter Thiel is a backer of bit­coin.


Bitcoinburg–Who Developed this “Virtual Currency?”

In this post, we exam­ine the ori­gins of the bit­coin vir­tu­al cur­ren­cy, which evolved into the online cur­ren­cy of choice for the cus­tomers of the Silk Road net­work. Alone among sov­er­eign nations, Ger­many has rec­og­nized bit­coin as legal ten­der. An arti­cle at Fast­com­pa­ny hypoth­e­sizes that three indi­vid­u­als named Neal J. King, Charles Bry and Vladimir Oks­man are the true orig­i­na­tors of bit­coin. All three work for Lan­tiq. Lan­tiq is a firm evolved from Siemens spin­off Infi­neon AG.


“Too Big to Fail” (Uber Alles): The EMU and German Economic Imperialism

Pre-con­ceived Ger­man eco­nom­ic poli­cies are bear­ing long-desired fruit. Unable to find work due to Ger­man-dic­tat­ed “aus­ter­i­ty,” skilled work­ers from Greece and Spain are pro­vid­ing “labor bat­tal­ions” for Ger­many. The dev­as­tat­ing effects of that same “aus­ter­i­ty” is mak­ing indus­tri­al con­cerns in Greece and Spain ripe for Ger­man cor­po­rate takeover.