Michel Chossudovsky: The Global Economic Crisis!

This important collection provides the reader with "a most comprehensive analysis of the various facets, especially the financial, social and military ramifications from an outstanding list of world class social thinkers. The complex causes, as well as the devastating consequences of the economic crisis are carefully scrutinized with contributions from Ellen Brown, Tom Burghardt, Michel Chossudovsky, Richard C Cooke, John Bellamy Foster, Michael Hudson, Tanya Carlina Hsu, Fred Magdoff, Andrew Gavin Marshall, James Petras, Peter Phillips, Peter Dale Scott, Bill Van Auken, Claudia von Werlhof and Mike Whitney. Despite the diversity of viewpoints and perspectives presented within this volume, all of the contributors ultimately come to the same conclusion: Humanity is at the crossroads of the most serious economic and social crisis in modern history. The book takes the reader through the corridors of the Federal Reserve, into the plush corporate boardrooms on Wall Street, where far reaching financial transactions are routinely undertaken. We bring to the attention of our readers some of the highlights of this important collection with selected excerpts from the various chapters: In all major regions of the world, the economic recession is deep seated, resulting in mass unemployment, the collapse of state social programs and the impoverishment of millions of people. The economic crisis is accompanied by a worldwide process of militarization, a "war without borders" led by the United States of America and its NATO allies. The conduct of the Pentagons "long war" is intimately related to the restructuring of the global economy. The meltdown of financial markets in 2008-2009, was the result of institionalized fraud and financial manipulation. The "bank bailouts" were implemented on the instructions of Wall Street, leading to the largest transfer of money wealth in recorded history, while simultaneously creating an insurmountable public debt.