Issue 10 – October 2010

Current Affairs Essay
Save the Banks and Kill the Economy  By Rodrigue Tremblay
Featured Books
Last Words: A Memoir  By George Carlin with Tony Hendra
The Assassination of Julius Caesar  By Michael Parenti
Sunshine Assassins  By J. F. Miglio
Recommended Reads
Everything I Never Wanted To Be  By Dina Kucera
Enough for Us All  By Dorothy I. Riddle
Frozen in Time  By Theodore Jerome Cohen
Journey to Terra Incognita  By Gerald Shingleton
Goodnight, Brian  By Steven Manchester
The Mine  By Daniel R. Cobb
The Friday Night Club  By Jacob Nelson Lurie
The Entrepreneur Guide U.S. 2010 Edition  By Owen O. Daniels
Golden's Rule  By C. E. Edmonson
A World Away: The Quest of Dan Clay  By T.J. Smith
The Harrowing Escape: The Quest of Dan Clay (Book II)  By T.J. Smith
Winter  By Maneesh Sharma
Soul's Infarct  By Diamela Eltit & Paz Errazuriz
A Worthy Legacy  By Tomi Akinyanmi
Dangerous Liaisons  By Michael D'Ambrosio
Shroud of Beckoning  By Deb Woody
Shadows and Not  By Sara Brown
America's Suicidal Statecraft  By James Cumes
The Handkerchief  By Julian Stark
The End of the 19th Century  By Eric Larsen
Up Close: A Mother's View  By Fiona Yaron-Field
Secrets Revealed  By Sheshena Pledger
A Case of Wild Justice  By Yvonne Jerrold
What Can We Do Next? TheAdventures of Lexi and Lolly  By Toula Magi
The Survivors  By Derek Laurens
Lizard's Lair  By Derek Laurens
My Angels Are Come  By Art Stump
Ghost Tango  By Janeen Ledford
The Declaration of White Independence:
      The Founding Documents of Transudationism
  By Kyle McDermott
The Naked Earth  By Jonathan Adam DeCoteau
Awaken and Arise!  By Arthur Earl Jones, Ph.D.
One Time in Paris  By Wade Stevenson
The Prosecution of George W. Bush for Murder  By Vincent Bugliosi
The Eye of Icarus  By Michael D'Ambrosio
Prodigal of the Pecos  By C.E. Edmonson

Recommended Reads

If you are an independent, small press, or traditional publisher and would like to submit your book(s) for consideration to “Recommended Reads,” click here.

 

Everything I Never
Wanted To Be

By Dina Kucera


www.amazon.com
(Nonfiction)
A struggling comic’s poignant and often hilarious account of her family’s battle with alcoholism and drug addiction over four generations.

Enough for Us All
By Dorothy I. Riddle


www.amazon.com
(Nonfiction)
Enlightening source book that uses quantum physics and metaphysics to help individuals attain personal transformation.

Frozen in Time
By Theodore Jerome Cohen


www.amazon.com
(Fiction)
An exciting tale of greed, betrayal, and murder based on real events from the Antarctic continent.

Journey to Terra Incognita
By Gerald Shingleton


www.amazon.com
(Fiction)
Thought-provoking metaphysical adventure that begins in 1950s California and ends in the jungles of Guatemala.

Goodnight, Brian
By Steven Manchester


www.StevenManchester.com
(Fiction)
Inspirational story about how a woman’s faith and unconditional love help her grandson to lead a normal life after he is poisoned by a toxic soy formula and given little hope by his doctors.

The Mine
By Daniel R. Cobb


www.amazon.com
(Fiction)
Engaging thriller about an idealistic biologist who fights state corruption and corporate fraud perpetrated by a ruthless gold mining company.

The Friday Night Club
By Jacob Nelson Lurie


www.amazon.com
(Fiction)
An irreverent coming of age story of a young man who must choose between continuing his hedonistic lifestyle or settling down and getting married.

The Entrepreneur Guide
U.S. 2010 Edition

By Owen O. Daniels


www.amazon.com
(Nonfiction)
Comprehensive book filled with information and answers about everything one needs to start and maintain a business.

Golden’s Rule
By C. E. Edmonson


www.amazon.com
(Fiction)
Compelling story about a modern-day girl battling cancer who finds inspiration by reading the diary of a 14-year-old slave girl from the 1800s.

A World Away: The
Quest of Dan Clay

By T.J. Smith


www.amazon.com
(Fiction)
Exciting story in the tradition of The Chronicles of Narnia about a young man and his three friends who embark on an out-of-this world journey where they are hunted by savage beasts along the footpath to a demonic castle.

The Harrowing Escape:
The Quest of Dan Clay (Book II)

By T.J. Smith


www.amazon.com
(Fiction)
The saga continues as Dan Clay and his companions continue their quest to locate Dan’s brother in a parallel world filled with savage beasts and half-man, half-serpent creatures.

Winter
By Maneesh Sharma


www.amazon.com
(Fiction)
Fast-paced thriller about a predator with otherworldly talents who has a penchant for killing women and stealing fine art.

Soul’s Infarct
By Diamela Eltit & Paz Errazuriz


www.amazon.com
(Nonfiction)
Unique and penetrating examination through text and photographs of love among marginalized individuals in a notorious Chilean psychiatric hospital.

A Worthy Legacy
By Tomi Akinyanmi


www.amazon.com
(Fiction)
Touching and lyrical account about a dying Nigerian man and his practical wisdom for living life to the fullest.

Dangerous Liaisons
By Michael D’Ambrosio


www.amazon.com
(Science Fiction)
In this action-packed sequel to The Eye of Icarus, Lieutenant Will Saris and his new bride are caught in a web of treachery where no one, including the Space Fleet, can be trusted.

Shroud of Beckoning
By Deb Woody


www.amazon.com
(Fiction)
Thought-provoking supernatural tale about a four-year-old who is possessed by a demonic spirit.

Shadows and Not
By Sara Brown


www.amazon.com
(Poetry)
Soul-searching poetry anthology that illuminates the human condition.

America’s Suicidal Statecraft
By James Cumes


www.amazon.com
(Nonfiction)
Well researched and documented examination of the self-destructive policies of the United States.

The Handkerchief
By Julian Stark


www.amazon.com
(Fiction)
An intimate and probing love story that examines the breadth and depth of love and passion between two people.

The End of the 19th Century
By Eric Larsen


www.amazon.com
(Fiction)
Imposing lyrical epic about a Midwestern family’s journey through time and space.

Up Close: A Mother’s View
By Fiona Yaron-Field


www.amazon.com
(Nonfiction)
A touching and meditative memoir of a mother and her disabled daughter told through pictures and commentary.

Secrets Revealed
By Sheshena Pledger


www.amazon.com
(Fiction)
Gritty crime noir tale about a notorious crime family’s feud with its biggest rival.

A Case of Wild Justice
By Yvonne Jerrold


www.yvonnejerrold.com
(Fiction)
An intriguing story about a group of senior citizens who fight back against crime and vandalism in their neighborhood by becoming human booby traps.

What Can We Do Next? The
Adventures of Lexi and Lolly

By Toula Magi


www.ToulaMagi.com
(Fiction)
Delightful children’s story about the adventures of a little girl and her imaginary friend.

The Survivors
By Derek Laurens


www.amazon.com
(Fiction)
Fast-paced sci-fi adventure about the crew of a space cruiser that lands on a distant planet inhabited by savage humanoids.

Lizard’s Lair
By Derek Laurens


www.amazon.com
(Fiction)
The novella prequel to the sci-fi adventure, The Survivors.

My Angels Are Come
By Art Stump


www.clumsyducks.com
(Nonfiction)
Insightful and candid day-to-day journal of how the author dealt with and survived prostate cancer.

Ghost Tango
By Janeen Ledford


www.amazon.com
(Fiction)
Intriguing account of a female teacher in a male prison for violent felons.

The Declaration of White Independence: The Founding Documents of Transudationism
By Kyle McDermott


www.amazon.com
(Fiction)
Controversial examination of race, religion, and spiritual evolution.

Awaken and Arise!
By Arthur Earl Jones, Ph.D.


www.planetaryascension.net
(Autobiography)
Fascinating, mystical life journey devoted to spirituality, self-discovery and planetary ascension.

One Time in Paris
By Wade Stevenson


www.amazon.com
(Memoir)
&nbsp An engaging and passionate account of a young man’s adventures and romances in 1960s Paris.

The Eye of Icarus
By Michael D’Ambrosio


www.publishersdrive.com
(Science Fiction)
Exciting story of an ambitious young officer who embarks on his first space mission that sets off a chain of events that not only changes his life but much of the universe
as well.

Prodigal of the Pecos
By C.E. Edmonson


www.pecosbooks.com
(Fiction)
Gritty Western tale about a man who returns home after many years to find the land of his birth embroiled in a bitter and deadly
land war.

 

If you are an independent, small press, or traditional publisher and would like to submit your book(s) for consideration to “Recommended Reads,”

click here.

 

Book submission deadline is
the 20th of each month.

 

Links For Independent Writers & Publishers

• Publishers Marketing Association (PMA): Largest non-profit trade association helping independent publishers
• Small Press Center: Non-profit organization designed to help small independent book publishers
• Press Release Services: Submit Press Release, Online Distribution Services.
• LitPitch: Place to read books online for free and for authors to pitch book ideas and get feedback.
• Bookwired.com: Author/reader resource for book reviews and news
• WriteLinks.com: Complete list of book publishers & publishing info
• Books-in-Print.com: Registry of electronic publications
• Bowker.com: Major book and publishing data
• PubEasy.com: E-commerce site for global bookselling
• Published.com: Informative and helpful site for independent writers and self-publishers.
• The Center for the Book: Book fairs & literary events
• American Booksellers Association: Organization for independently owned bookstores
• Business.com: Site listing book distributors and wholesalers
• Dowse: A list of e-book publishers
• Internet Publishing: Tips about online publishing from Piers Anthony
• Online Books Page: Listings of books online, news, & features
• Book Sense.com: Family of bookseller Web sites
• Nospine.com: Independent authors from around the world
• Author Yellow Pages: Online author directory
• Dan Poynter’s Para Publishing: The Godfather of self publishing
• Bookcrossing.com: Global book club & reading group
• Newradiance.com: Over 90 pages of inspired marketing ideas for small business owners and self-published authors.

 

Save the Banks and
Kill the Economy

By Rodrigue Tremblay

“The problems we face today cannot be solved by the minds that created them.”

— Albert Einstein (1879-1955), Physicist and Professor, Nobel Prize 1921

“I don’t see (subprime mortgage market troubles) imposing a serious problem. I think it’s going to be largely contained.”

— U.S. Treasury Secretary Henry Paulson, April 20 2007

“Providing assistance to banks and their borrowers can be counterproductive, resulting in increased losses to banks, which often … take unproductive risks at government expense. The typical result … is a deeper hole in the net worth of banks, crippling tax burdens to finance bank bailouts, and even more severe credit supply contraction and economic decline.”

— The International Monetary Fund (IMF), (Study of financial crises from 1970 to 2007)

“The dirty little secret … is that every Republican in this country wants Obama to fail, but none of them have the guts to say so; I am willing to say it.”

— Rush Limbaugh, radio activist, February 27, 2009

It has become a truism to say that the Democrats and the Obama administration now “own” the crucial issue of the economy. Justly or unjustly, voters are bound to hold them accountable for the poor state of the U.S. economy. This is not an enviable political position to be in just before an election, at a time when disgusted voters are most angry and very anxious about the economy and their economic future. Recent polls indicate that nearly two-thirds of Americans think their nation is in a state of decline and that the economy will remain in the same recessionary state or get worse next year.

Contrary to what President Franklin D. Roosevelt did in the 1930s, President Barack Obama did not confront the banking industry head-on after fraudulent practices caused one of the worst financial crises in U.S. history. In particular, he did not reverse the blanket financial deregulation that the Clinton and Bush administrations engineered in 1999 in 2000, in 2004, in 2005 and in 2007 that allowed for creating mortgage-linked synthetic subprime securities and for betting against them.

Instead, his economic operatives (Geithner, Summers, Bernanke, Orszag, Emanuel, (L.A.) Sachs, Romer, Bair, etc.) threw trillions of public dollars to the largest banks, allowing top bankers to keep enjoying hundreds of million of dollars in yearly bonuses, at a time when some 300,000 Americans are losing their homes through foreclosures every month.

Such a persistent epidemic of home foreclosures is creating a tremendous drag on the economy, besides being a social disaster. -The system that is responsible for so many home foreclosures has not been fixed, although valiant attempts have been made to mitigate the process.

Meanwhile, also with the intention of saving the largest banks, regulators began pressing the banks to raise capital asset ratios and to shrink their risk assets. The Bernanke Fed went so far as to lend money to the largest banks at zero interest rate, while paying interest on the excess reserves the banks kept at the Fed, a practice that resulted in an outright gift to the banks.

All these policies have resulted in tightening credit availability and in provoking the largest plunge in the M3 money supply since the Great Depression. As long as this condition endures, there won’t be any substantial economic recovery in the United States.

Just as Obama did for the wars, when he kept in position and even promoted Bush operatives Gates and Petraeus, Obama kept or brought back as his economic team some of the very Wall Street-connected people who were responsible for creating the conditions that led to the financial crisis in the first place.

Now, at mid-term, President Barack Obama is saddled with the devastating image of a defender and promoter of Bush’s wars in Afghanistan and Iraq and is viewed by many as having sided with Wall Street bankers against Main Street folks, just as George W. Bush did with his Goldman Sachs-connected Treasury Secretary Henry Paulson and his banking bailouts. To many Americans, indeed, the Obama administration looks more and more like a third-term Bush II administration. For many Americans, it’s a nightmare.

The biggest mistake that President Barack Obama seems to have made, at the beginning of his mandate, was to not disassociate himself more clearly from the previous Bush administration. Now, it’s too late, and unfortunately for him and the divided Democrats, they are poised to suffer the wrath of an enraged and disillusioned electorate.

Indeed, with U.S. real unemployment rate hovering around 17 percent, with 3 out of 4 workers telling pollsters that they doubt that their wages will increase next year, with many American households’ financial situation deteriorating, with home foreclosures approaching 10 million, with huge fiscal deficits and future tax hikes likely, with the Bernanke Fed adopting third-world monetary policies in monetizing the public debt, and with an overall anemic economic growth, the Obama administration and the Democratic Congress are going into the November 2 midterm elections with many monkeys on their backs and very little public confidence.

The only thing that runs in their favor is the poor quality and vision of their Republican opponents who have followed an obstructionist strategy and have sided time and again with lobbyists, thus blocking most attempts to straighten things up. Only a credible campaign to persuade the electorate in extremis that Democrat incumbents are “less worse” than their Republican opponents, coupled with a high turnout at the polls could prevent a Democratic bloodbath in the U.S. Congress, especially in the House of Representatives, next November.

If not, President Barack Obama will officially become a lame-duck president after November 2, and Congress will be paralyzed at a very crucial time when strong leadership is required to get out of the economic mess. This is a most unappealing perspective.


Rodrigue Tremblay is professor emeritus of economics at the University of Montreal is the author of the book “The Code for Global Ethics” at: www.TheCodeForGlobalEthics.com/

 

 

Featured Books

 

Buy Last Words: A Memoir by George Carlin
Last Words: A Memoir
By George Carlin with Tony Hendra


Master comedian/satirist George Carlin takes us on a wild ride as he recounts his turbulent life and ground-breaking career with great candor and trademark humor.

 

Buy The Assassination of Julius Caesar by Michael Parenti
The Assassination of
Julius Caesar

By Michael Parenti


Award-winning author and scholar examines ancient Roman history from a populist viewpoint, arguing that Caesar was assassinated for being a champion
of the people.

A bone-chilling political
morality fable…

— Midwest Book Review

 

Buy Sunshine Assassins by John F. Miglio
Sunshine Assassins
By John F. Miglio
(Fiction)
Controversial political thriller about a band of democratic rebels and their attempt to overthrow the corporate fascist shadow government in the USA…Read Reviews

John F. Miglio is available for all types of speaking engagements. For information, click here

 

 

Bestsellers













 

 

Links For Progressive Publications & Organizations

• PEN.org: “An association of writers working to advance literature, defend free expression, and foster international literary fellowship.”
• TruthDig.com: “Hard-hitting investigative journalism.”
• MoveOn.org: Influential democracy in action group
• The Nation.com: “Unconventional wisdom since 1865.”
• Op/EdNews.com: “Progressive news and essays.”
• Air America Radio: “Unabashed liberal talk radio and humor.”
• Counterpunch: Hard-hitting alternative news and essays
• Buzzflash.com: Headlines and stories from dozens of alternative publications
• Democracy Now!: Complete and comprehensive presentation of alternative news and analysis with Amy Goodman leading the charge.
• Brad Blog: Up-to-date progressive news & opinions.
• Radio Power Network: Listener supported, independent radio streaming progressive music and culture from around the world.
• NPR.org: National listener supported news and information.
• Pacifica Radio: Listener-sponsored radio featuring alternative news and community service.
• From the Wilderness: Radical alternative news and essays
• Tom Paine.com: Alternative news and essays
• Mother Jones.com: Alternative and environmental news
• Liberalism Resurgent: Wealth of information on liberalism & politics
• The Foundation for Taxpayers & Consumer Rights: Loads of information about social and consumer issues
• TvNewsLies.org: A compendium of TV news lies
• In the Spotlight: Unsettling information about the voting process in America
• The Rest of Story: Alternative news on the media
• Judicial Watch: Legal watchdog information
• The Center for Public Integrity: Public service journalism
• PFAW.org: People for the American Way

Leave a Reply

Your email address will not be published. Required fields are marked *