BrooksNews 24th Sep 2008

BrookesNews Update

Why America's economic crisis was unavoidable
http://brookesnews.com/082209financialcrisis.html
As the financial crisis unfolds Americans have nothing to fear other than Congress. The Fanny Mae and Freddy Mac crisis is part of a larger and far more serious economic crisis, one that few economic commentators foresaw. There is nothing new here; financial crises are as old as banking itself. Fortunately the fear of another Great Depression are baseless

Can the US Government save Fannie Mae and Freddie Mac?
http://brookesnews.com/082209fanniemae.html
To save Fannie Mae and Freddie Mac from total collapse taxpayers will have to foot a massive bill. This means a further squandering of America's already depleted pool of real savings. It is only wealth generators that can revive the economy by accumulating enough real capital. This is the real cost of FF — the cost taxpayers do not see

Good job figures point to gloom times ahead
http://brookesnews.com/082209ausrecession.htmlRegardless of what our Panglossian economic commentators are saying: one-third of Australia is not in recession. What we are seeing is the first material signs of a genuine recession and one that our economic commentariat is unable to explain

Media yawn as new museum honors Saddam’s Abu Ghraib victims
http://brookesnews.com/082209abughraibmuseum.html
When Abu Ghraib popS up in the news the leftwing media go on instant alert, sensing a renewed opportunity to negatively portray the Bush administration. But when the Iraqi government announced last week it was going to reopen the notorious prison as a museum honours the victims of the horrors committed there in years past, a collective yawn greeted the statement, proving that they are nothing but lying political bigots

Fannie May and Freddy Mac: the time bomb finally explodes
http://brookesnews.com/082209fanniemaecollapse.html
If you think that Fannie and Freddie’s bust is a big deal, just wait until Medicare comes crashing down. Then, the wailing and gnashing of teeth will be truly unbearable. As that day rapidly approaches, however, you’ll notice that the politicians are doing utterly nothing to forestall it

Discreet influences
http://brookesnews.com/082209islameurope.html
Guénon, the author of the decay of the European West, had concluded in the 1920s that only three ways offered themselves to this civilization: the fall into barbarism, the restoration of the Catholic Church, or Islamization

The Book-Banners Hollywood Ignores
http://brookesnews.com/082209malkincensorship.html
The September 11 terrorist attacks didn't turn celebrity leftists into hawks. But the minute they started reading false rumors about Sarah Palin restricting unfettered access to Daddy's Roommate and Heather Has Two Mommies in her hometown library, Tinseltown's docile doves became militant warmongers

Why not use food as leverage for oil?
http://brookesnews.com/082209foodwar.html
"If those leading America in the future had fortitude to do so, food could be used as part of a geopolitical strategy to make our country secure and as a counterweight to oil extortion. This may seem crass to liberals but our enemies do not share their sensitivities. We cannot continue to defend ourselves without using all our weapons in a world where our enemy only recognizes strength

Olavo de Carvalho's lecture: The structure of the revolutionary mind
http://brookesnews.com/082209revolutionarymind.html
When revolutionaries like Che, and Hitler's operatives murdered innocent people, they blamed their victims for making them do it by refusing to go along with their revolutionary notions. This is where moral relativism leads