by John West, Asian Century Institute The US economy is wobbling slowly forward. Europe is just plain wobbling. And China has moved onto a slower growth path. But China's role in the global economy is also changing fundamentally, providing Americ… more »

Written by Derryl Hermanutz This began as a comment on a Naomi Klein (of "Shock Doctrine" fame, or infamy, depending on your ideological perspective) article on a "progressive" blog.  But it became too long for a comment and perhaps too critical of "le… more »

Written by Ellen Brown Even the world’s most resource-rich country has now been caught in the debt trap. Its once-proud government programs are being subjected to radical budget cuts—cuts that could have been avoided if the government had not quit bor… more »

As we have seen time and again throughout history, every country pursuing profligate debt-financed fiscal policies ultimately hits some sort of wall . as was the case in Iceland recently, not to mention the Club Med countries in the Eurozone. Perhaps even the United States at some point may touch quicksand if it doesn’t get its fiscal act together soon, as Standard & Poor’s recent credit rating warning attests. more »