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.