In most countries, 95% or more of the money supply is created by banks as loans (or “credit”). Early in the twentieth century, about 30% of the British currency was issued by the government as pounds sterling or coins, versus only about 3% today. In USA, only coins are now issued by the government.

When President Barack Obama welcomes President Dmitry Medvedev to the White House on June 24th, he should ask the Russian president one blunt question: What do you want? So, what are the Kremlin’s goals?

The Albanian state was searching for protection and alliances among stronger for years, gaining the security from revisionist ventures of its neighbours.For the first time in the history of Albania, this mechanism is going on with the full respect of this country’s sovereignty.

Jean Bizet has done candor a favor. In an article written for a German financial newspaper, the president of the French Senate’s EU Affairs Commission says, “It’s useless to try to hide the tensions between France and Germany.”

For the first time in its history, Ankara has chosen sides in the Israeli-Palestinian conflict, demanding that Israel take steps to ease the blockade of Gaza or risk unspecified "consequences." It's time to recognize reality.

If BP’s share price continues to fall, it could become a takeover target. The idea that BP might one day file for bankruptcy, is starting to percolate on Wall Street. Bankers and lawyers are already sizing up potential deals (and counting their potential fees).

It is neither good nor democratic when the government hides truth from the people. But when the government starts to hide facts and truth from itself, then it is totally disastrous and spells calamity.

This is not simply a crisis within national elites, but within the multinational elite that created the European Union. If this leads to the de-legitimization of the EU, then we are really in uncharted territory. They have political consequences and, in due course, geopolitical consequences.

When "good weather" prevailed, no visible problems arose. Once the crisis arrived, the lack of homogeneity manifested itself very clearly. In that sense, I dare say that—as a project that promised to be of considerable economic benefit to its members—the euro zone has failed.

As President John Adams once said, “There are two ways to conquer and enslave a nation. One is by sword. The other is by debt.” Democracy throughout the world is under attack. The experiment known as democracy is devolving into fascism before our eyes.