fix articles 184065, by fred schmid Los Angeles Indymedia : tag : by fred schmid

by fred schmid

This economy kills!: Pope Francis (tags)

The Cold War in internal church policy may be coming to an end. A religion without mysticism is merely a philosophy. Mysticism is a specifically modern form of faith. God's presence is no longer self-evident or plausible to the entire world. Francis' church is a hospital under the open air.

The US, the Debt Superpower (tags)

The state bailout of these gigantic real estate institutes, banks and insurances and the enormous economic package to get the crisis-weakened economy on its feet again is one of the essential causes of the present debt crisis. In two decades, $5.5 trillion was spent on a dozen wars.

Dollar-Yuan Currency War (tags)

The value of the Yuan is not the cause for the US trade and balance of payments deficits. The reasons are the high state indebtedness (armaments/ wars and tax gifts to the rich) and the indebtedness of private households. The US has a trade deficit with 90 countries.

Exploding Profits and Stagnant Wages (tags)

"Domestic demand has stagnated for years.. Money for investments exists in excess in Germany. However investments declined 0.7% in 2004 despite record profits. Invest-ments fell for the fourth year in a row and are 13 percent lower than the 2000 level.."

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