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What You're Missing in our subscriber-only CounterPunch newsletter MY LAI VET SAYS: HERE IT COMES AGAIN IN IRAQ Tony Swindell recalls "Butcher's Brigade" in '69; says "gooks" have now become "ragheads", every adult male is an "insurgent" ... atrocities against Iraqi civilians are soon going to explode in America's face; US Government's courtroom jihads against terror stumble. Alexander Cockburn on Lodi case where Feds paid $250,000 to man who "saw" world's three top terrorists at mosque. As neocons and Israel lobby howl for US to bomb Teheran, an Iranian outlines simple path to peace. CounterPunch Online is read by millions of viewers each month! But remember, we are funded solely by the subscribers to the print edition of CounterPunch. Please support this website by buying a subscription to our newsletter, which contains fresh material you won't find anywhere else, or by making a donation for the online edition. Remember contributions are tax-deductible. Click here to make a donation. If you find our site useful please: Subscribe Now! Get CounterPunch By Email for Only $35 a Year St. Clair in San Francisco

Today's Stories April 25, 2006 Sharon Smith Breathing New Life Into May Day April 24, 2006 Tim Wise What Kind of Card is Race? John Stanton Strike Iran, Watch Pakistan and Turkey Fall Dave Lindorff Dangerous Times Ahead Steve Shore Berlusconi Defeated: The Long Wait is Over ... Or Is It? Amadou Deme Hotel Rwanda: Setting the Record Straight Mickey Z. 15 Minutes of Radical Fame: America Meets Bill Blum and Ward Churchill Ralph Nader Lee Raymond's Unconscionable Platinum Parachute Alexander Cockburn Obama's Game Website of the Day Too Stupid to Be President?   April 22/23, 2006 Jeffrey St. Clair The General, GM and the Stryker Jeff Halper SUMUD vs. Apartheid: the Elections in Palestine and Israel Jeff Klein How to Manufacture a War Criminal: Saddam and Me, a True Story Thomas P. Healy Out Now: an Interview with Anthony Arnove David Underhill Stuck in Mobile with the Rev. Graham Blues Again Lee Sustar "We are Going to Keep Marching": an Interview with Immigrant Rights Organizer Martín Unzueta Deb Reich The Little Mermaid on Highway Six: Rooting for Ordinary Israelis to Wake Up John Chuckman America's Gulag: Purge at the CIA Fred Gardner More Suppression of Marijuana Research Julian Edney Can Our Economy Run Without Fear? Seth Sandronsky The GOP and California's Levees Brynne Keith-Jennings The Meddlesome Ambassador Trivelli: Undermining Democracy in Nicaragua Dave Lindorff Where are the Frogs? Catherine Ann Cullen and Harry Browne Springsteen Polishes His Roots: First Impressions of "We Shall Overcome" Bill Pahnelas Bush Passes the Buck on Soaring Gas Prices Jim French Time to Overhaul US Farm Policy Ron Jacobs "I Know I'm Not Dreaming, Because I Can't Sleep Any More" David Krieger The Courage of Sophie Scholl: Resisting Hitler Jeffrey St. Clair Playlist: What I'm Listening to This Week Poets' Basement Buknatski, Engel and Ford Website of the Weekend Eye of the Storm   April 21, 2006 Jonathan Cook The Sinister Meaning of Olmert's "Hitkansut": Deporting Hamas MPs Lawrence R. Velvel Physical Courage, Moral Courage and American Generals Evelyn Pringle How to Out a CIA Agent Christopher Brauchli The Rich are Different Pratyush Chandra Pure-and-Simple Revolutions in Nepal and Venezuela Michael George Smith This is What a Movement Looks Like Missy Comley Beattie Serving at the Decider's Pleasure Sarah Hines The Bracero Program: 1942-1964 Website of the Day Hunger Strike at U. of Miami   April 20, 2006 Chris Kutalik As Crisis Deepens, Is Labor Finally Showing Signs of a Comeback? Gary Leupp Cheney, the Neocons and China Joshua Frank Stop the War! Dump the Democrats! Diane Christian The Authority to Kill William S. Lind Sweeping Up: the Real Problem Wasn't the Execution of the War, But the Enterprise Itself Ramzy Baroud A Case for the Palestinan Government Justin E.H. Smith Doctors and Lethal Injection   April 19, 2006 P. Sainath More Kids? Pay More for Your Water Norman Solomon When Diplomacy Means War: Bait-and-Switch on Iran Anthony Papa When Justice Isn't Blind: Double Standards for the Rich and Poor in New York Mike Ferner Movement Blues Stanley Heller The Massacre at Qana, 10 Years Later: Still No Justice Rifundazione "We Defeated Berlusconi" Christopher Reed Secrets of the Garden of Bliss Alexander Cockburn The Pulitzer Farce Website of the Day Bunker Busters: the Movie April 18, 2006 Paul Craig Roberts How Safe is Your Job? Eric Wingerter Washington Post vs. Venezuela Juan Santos What Immigrants Need to Learn from the Black Civil Rights Movement Greg Weiher The Zarqawi Gambit Revisited Sam Bahour Is Hamas Being Forced to Collapse? Behzad Yaghmaian In the Gaze of New Orleans Website of the Day The FBI and the Jack Anderson Files   April 17, 2006 Kevin Zeese An Interview with the First Arab-American Senator: Jim Abourezk on Bush's Lies and the Dems' Complicity Uri Avnery Olmert the Fox Norman Solomon Why Won't Moveon.Org Oppose the Bombing of Iran? John Ross A Real Day Without Mexicans? Laila al-Haddad The Earth is Closing in on Us: Dispatch from Gaza Jeffrey Blankfort A Tale of Two Members of Congress and the Capitol Hill Police Website of the Day Dixie Chicks: Not Ready to Back Down   April 15 / 16, 2006 Jeffrey St. Clair How Star Wars Came to the Arctic Ralph Nader Remembering Rev. William Sloan Coffin Thaddeus Hoffmeister The Ghost of Shinseki: the General Who Was Sent Out to Pasture for Being Right Kevin Prosen / Dave Zirin Privilege Meets Protest at Duke Thomas P. Healy Taking Care of What We've Been Given: a Conversation with Wendell Berry Kristoffer Larsson Are 40 Percent of All Swedes Anti-Semitic?: Anatomy of a Statistical Flim-Flam Fred Gardner Continuing Medical (Marijuana) Education Edwin Krales New York's Katrina: the Hidden Toll of AIDS Among Blacks and the Poor Brian Cloughley Don't Blitz Iran: Risking the Ultimate Blowback John Holt Walking Off Vietnam with Edward Abbey's Surrogate Son Seth Sandronsky What Billionaires Mean By Education Reform: Oprah, Bill Gates and the Privatization of Public Schools Rafael Renteria Making It Plain About New Orleans Michael Ortiz Hill In the Ashes of Lament: an Easter Meditation William A. Cook An Israel Accountability Act Gideon Levy Shooting Nasarin: a Story About a Little Girl Andrew Wimmer Stopping the Bush Juggernaut: a New Citizens Campaign Madis Senner Talking Points for Easter Weekend: Jesus Didn't Lie, Mr. Bush Michael Kuehl The Sex Police State: Women as "Rapists" and "Pedophiles"? Mark Scaramella When Even God Can't Follow His Own Commandments: the Timeless Scarcasm of Mark Twain Nate Mezmer 187 Proof: Living and Dying Hip-Hop Jesse Walker Playlist Poets' Basement Engel, Laymon and Subiet Website of the Weekend Pink Serenades Bush   April 14, 2006 Col. Dan Smith Candor or Career?: Why Few Top Military Officials Resign on Principle Saul Landau Ho Chi Minh City Moves On Without Regrets Stan Cox The Real Death Tax Kevin Zeese Hersh vs. Bush on Iran: Who Would You Believe? Brian McKinlay Bad Times for Bush's Buddies Howard Meyers Dwarves, Knives and Freedom: Bush, Jr. is No LBJ Ishmael Reed The Colored Mind Doubles: How the Media Uses Blacks to Chastize Blacks Website of the Day Asshole: a Film Strip   April 13, 2006 CounterPunch News Service Powell's "Bitch"? Norman Solomon The Lobby and the Bulldozer Stanley Heller Time to Shake Up the Peace Movement Jeff Birkenstein Bush and Freedom of Speech Evelyn J. Pringle Not So Fast, Mr. Powell Michael Donnelly The Week the Bush Administration Fell Apart Kamran Matin Synergism of the Neo-Cons: What's Going On In Iran? Website of the Day "Don't Be Afraid of the Neo-Cons"   April 12, 2006 Vijay Prashad Resisting Fences Alan Maass The Suicide of Anthony Soltero Dave Lindorff Bush's Insane First Strike Policy: If You Don't Want to Get Whacked, You'd Better Get Your Nation a Nuke ... Fast Ron Jacobs Resistance: the Remedy for Fear Ramzy Baroud The Imminent Decline of the American Empire? Randall Dodd How a Wal-Mart Bank will Harm Consumers Missy Comley Beattie The Boy President Who Cried "Wolf!" P. Sainath The Corporate Hijack of India's Water Website of the Day "The System is Irretrievably Corrupt"   April 11, 2006 Al Krebs Corporate Agriculture's Dirty Little Secret: Immigration and a History of Greed Lawrence R. Velvel The Gang That Couldn't Leak Straight Sonia Nettinin Palestinian Health Care Conditions Under Israeli Occupation Willliam S. Lind The Fourth Plague Hits the Pentagon: Generals as Private Contractors Robert Ovetz Endangered Species in a Can: the Disappearance of Big Fish Pratyush Chandra Nepalis Say, "Ya Basta!" Grant F. Smith The Bush Administration's Final Surprise? Laray Polk Loud, Soft, Hard, Quiet: Marching Through Dallas for Immigrant Rights Francis Boyle O'Reilly and the Law of the Jungle: How to Beat a Bully on His Home Turf José Pertierra A Glimpse into the Mindset of Terrorists: Posada Carriles, Orlando Bosch and the Downing of Cubana Flight 455 Website of the Day The Dead Emcee Scrolls   April 10, 2006 Ralph Nader Tinhorn Caesar and the Spineless Democrats Heather Gray Atlanta and the Assassination of Martin Luther King, Jr. Uri Avnery The Big Wink Joshua Frank Big Greens and Beltway Politics: Betting on Losers Seth Sandronsky Immigration and Occupations Michael Leonardi The Italian Elections: "Reality is No Longer Important" Evelyn Pringle Did Bush Pull a Fast One on Fitzgerald? Tom Kerr FoxNews Does Ward Churchill Lucinda Marshall The Lynching of Cynthia McKinney Website of the Day Brown Berets April 7 -9, 2006 Alexander Cockburn If Only They'd Hissed Barack Obama Jeffrey St. Clair The Saga of Magnequench: Outsourcing US Missile Technology to China Patrick Cockburn The War Gets Grimmer Every Day David Vest The Rebuking and Scorning of Cynthia McKinney Dave Lindorff The Impeachment Clock Just Clicked Forward Gary Leupp "Ideologies of Hatred:" What Did Condi Mean? Elaine Cassel The Moussaoui Trial: What Kind of Justice is This? Saul Landau Vietnam Diary: Hue Without Rules James Ridgeway "This is Betty Ong Calling": a Short Film Ron Jacobs Why Iran was Right to Refuse US Money John Walsh Kerry Advocates Iraqization: Too Little, Too Late Ramzy Baroud The US Attitude Toward Hamas: Disturbing Parallels with Nicaragua Christopher Brauchli Bush Finds Democracy Has Its Limits Todd Chretien What the Pentagon Budget Could Buy for America Jonathan Scott Javelins at the Head of the Monolith John Bomar What They're Saying About Bush in Arkansas Michele Brand Iran, the US and the EU Ronan Sheehan Remember When the Irish First Met the Chinese? Mickey Z. Let Us Now Praise OIL Don Monkerud March of the Bunglers Michael Dickinson The Rich Young Man: a Miracle Play Website of the Weekend The Case Against Israel and Munich: Compare and Contrast     April 6, 2006 John Ross Mexico's Most Toxic Presidential Election Ever Dave Lindorff Time to Get on Message with the Sissy French Don Monkerud The Strange Case of the American Worker Robert McDonald The Texas Railroad to Death Row: How Prosecutors Fabricated a Case Against Rodney Reed Boris Kagarlitsky A Marriage of Convenience in Ukraine Remi Kanazi The Assault on Cynthia McKinney Niranjan Ramakrishnan Untangling the Issues in the Immigration Debates Robert Fisk A Lesson from the Holocaust for Us All   April 5, 2006 Dick J. Reavis Pancho Bin Laden and the Terrorists' Tombs Mark Brenner Workers in the Aftermath of Katrina: Survival of the Fittest Brian Cloughley Nailing the Lies: Come Clean, Mr. Bush Jozef Hand-Boniakowski Why Democrats Are At Least Half of the Problem Matt Vidal Republican Bliss: the Selfish Road to Happiness Juan Santos The Politics of Immigration: a Nation of Colonists and Race Laws Alan Maass Week of the Walkouts JoAnn Wypijewski Malevolent Power at Ft. Sill: the Army Slays Its Own Website of the Day My Life in the Bush of Ghosts   April 4, 2006 Jackson Thoreau How the Hammer Got Nailed: Taking Down Tom DeLay Gary Corseri Osama's Favorite Writer?: an Interview with William Blum Dave Lindorff Provocative Humanitarianism?: Bashing Hugo Chavez at the NYT Paul Craig Roberts Belligerent to the Bitter End Norman Solomon When War Crimes Are Unspeakable: Bush, Always the Accuser, Never the Accused Michael Carmichael The Christocrat: Condi Does Britain Winslow T. Wheeler Is the F-22 Worth the Price-Tag? Ingmar Lee Is Another World Possible?: Report from Karachi Michael Neumann The Israel Lobby and Beyond Website of the Day West Point Graduates Against the War   April 3, 2006 Saul Landau Vietnam Diary: "What Socialism?" Richard Thieme The CIA: Cowboys, Indians and Whistleblowers, an Interview with David MacMichael Timothy B. Tyson Race, Class and Rape at Duke Omar Barghouti The Israeli Elections: a Decisive Vote for Apartheid Iwasaki Atsuko "As Israelis, We Also Fight for Palestinians:" an Interview with Jeff Halper Julian Edney A Terrible Weapon in the Hands of the Rich Roger Morris Catfight Among the Conservatives   April 1 / 2, 2006 Alexander Cockburn Truth and Fiction in Elie Wiesel's "Night" Ralph Nader Exxon/Mobil: the Corporate Superpower of Superpowers Dave Zirin The Press Mob, Their Rope and Barry Bonds: Damn Right Race Matters David Underhill Walkin' to New Orleans Earl Ofari Hutchinson Do Immigrants Really Take Jobs from Urban Poor? Dave Lindorff Sen. Orrin Hatch: Defender of Presidential Lawlessness P. Sainath Where India's Brave New World is Headed Fred Gardner Debunking "Amotivational Syndrome" Clancy Chassay Hamas or Al Qaeda? The Gun or the Ballot Box? Heather Gray The Inspiring Face of Immigration: Australia and the American Rural Southeast Greg Moses Austin Students Walkout: "We're a Group This Country Needs" John Chuckman When the Violent Enforce the Peace: America's Brutal Tactics in Iraq Ron Jacobs Leaving Iraq Now is the Only Sensible Solution Jeffrey St. Clair Playlist: What I'm Listening to This Week Poets' Basement Holt, Engel, Subiet, Ford and Davies Website of the Weekend Pentagon Thievery     Subscribe Online

April 25, 2006 Obliterating the Dollar ... and the Middle Class? Preparing for the Economic Typhoon By MIKE WHITNEY Gold traders love George Bush. They know that his blundering mismanagement of the economy will keep gold soaring well into the future. In the last year alone gold increased nearly $200 an ounce capping off a 5 year run that has taken it from $274 per ounce to $635 at Friday's close. These are serious numbers and they reflect the uneasiness with the global political situation (Iran, Nigeria) as well as concern about the oceans of debt generated by our Oval Office numbskull. Is it really possible for one man to single-handedly obliterate the world's most robust economy? Guess so. After 6 years of looting the public till, the cupboard is just about bare. Bush has chalked up another $3 trillion of public debt which sounds the death-knell for Social Security, public education, and the social safety net. Think I'm kidding? Consider what new Fed-master Ben Bernacke said just yesterday, "If the dollar declined sharply, it would not necessarily disrupt markets". That's right; the Fed is conspiring to reduce its debt payments by driving a wooden stake into the heart of the greenback. In three to six months the dollar will probably be valued at 1.40 to 1.50 per euro. That is, if the bottom doesn't fall out completely. After all, allies and enemies alike are pretty sick of the good old USA, so it wouldn't be out of the question for someone (perhaps, China) to start a sell-off that would end in disaster. The dollar is now recognized as the empire's Achilles heel and the primary target for any asymmetrical warfare directed at America. If that means regime change at home, count me in. I'll worry about the wheelbarrow-loads of greenbacks for a loaf of bread some other time. The Group of Seven industrialized nations (G-7) took a few swipes at Washington's profligate spending this weekend; warning that they wanted "more flexibility" in the Asian currencies. This is a clear sign that the path is being paved for a freefalling dollar while the other currencies gain ground. How do you like the idea that half of your savings will be erased through executive fiat? Since Bush took office the dollar has plummeted 30% against the euro. The only thing that has kept it from joining the peso is the skyrocketing oil prices which have allowed the Fed to keep the printing presses going at full tilt. That's because oil is denominated exclusively in dollars, so while the price per barrel continued upward, the Fed was able to circulate another $2.5 trillion of funny money. The high cost of oil has kept the dollar reasonably stable even though the twin-deficits have eroded its true value. Maintaining the monopoly on the sale of oil (which forces foreign central banks to hold billions of greenbacks in reserve) is critical to US prosperity. A switch to euros would weaken demand for the dollar and send the American economy into a tailspin. Unfortunately, other countries are frustrated with the recklessness of the Bush team and are threatening to destabilize the system. First there was the danger of Iran opening an oil bourse that would compete head-on with the dollar; increasing the number of euros stockpiled in the central banks. Now, the Russian Finance Minister, Alexei Kudrin has fired a broadside at his American counterparts saying, "The US dollar is NOT the world's absolute reserve currency". He noted that the unsustainable' US trade deficit is "causing concern" and that "the international community can hardly be satisfied with this instability." Kudrin's remarks were greeted with the shock one would expect from a dirty bomb on a crowded subway. America's global dominance requires that it maintain the dollar as the world's reserve currency; if that changes then the US will be unable to trade its painted-script for valuable resources. It would also mean that America would have to start paying back its $9 trillion national debt. Kudrin's comments were interpreted to mean that Russia might ease away from the dollar in its oil transactions; a change that might spread to other countries that are equally skeptical of Uncle Sam's recklessness. The eroding value of the dollar is just one of the economic crises facing the American people. A 6 month downturn in housing starts signals that the housing bubble, the largest equity bubble in history, is quickly losing steam. With long term interest rates steadily rising (along with energy prices) the shaky loans that were blessed by former Fed-chief, Greenspan, are beginning to unravel. "No down payment", ARMs (Adjustable Rate Mortgages) and easy financing have the over-extended American public teetering towards insolvency. Foreclosures are up, mortgages balances are at unprecedented levels, and inventories are larger than they've been since the early 90s. Last month produced the biggest slowdown in sales in a decade and the real pain hasn't even begun. At least $3 trillion of the $9 trillion equity bubble is built entirely on the cheap money pumped into the system by the Federal Reserve to keep the economy percolating while Bush and Co. stole every last farthing in the US Treasury. Greenspan's low interest rates were nothing more than a carnival-hucksters' scam to shift the vast wealth of America's middle class into the pockets of well-heeled constituents. Thanks, Alan. Last year Americans used their homes as a personal ATM; withdrawing over $600 billion to pay off credit card debt and for personal spending. That "presto-equity" is quickly evaporating as home prices flatten out and wages continue to stagnate. Personal debt is currently in the stratosphere and there are some gloomy signs that the American consumer, that great engine of global economic power, is finally tapped out. Consumer spending represents 70% of US GDP (Gross Domestic Product) so, as housing prices retreat and energy prices increase; Americans will face the greatest economic challenge since the Great Depression. One thing is absolutely certain; Bush will stick by his constituents to the bitter end. It is physically impossible for him to act in the interests of the American people. He won't be deterred by the falling dollar, the deflating housing market, or the skyrocketing energy prices. He'll make his budget-busting tax cuts permanent and plunge the country into a sea of red ink. Betting that George Bush will do the wrong thing for the nation is not a matter of conjecture; it is a mathematical certainty. He is deliberately destroying the middle class, the prospects for upward mobility, and the currency. The economic underpinnings of American democracy have been demolished in just 6 short years. Smart people will prepare themselves for the typhoon ahead. Mike Whitney lives in Washington state. He can be reached at: fergiewhitney@msn.com

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