President Horst Kohler has abruptly resigned as head of state of Germany in response to criticism of his remarks a few days earlier in which Kohler said that Germany was on the right path of developing military power sufficient to protect its economic interests. Although he later clarified his remarks, stating that he meant enough military power to keep up international trade routes, the political damage was done.
Here in the United States, liberal Democrats claim to be defenders of civil liberties, yet since taking power in January 2009 they have done little to restore lost liberties and much to encroach further upon them.
The corruption of communism still haunts Russia. Contrary to much Marxist mythology, Russia under the Romanovs was not horrible. The Russian economy was growing at a faster rate than America or Germany and would have made the huge empire into the second largest economy in the world by 1930. This growth was not limited to natural resources and agricultural products, but industry and the highest levels of technological development.
Greece, a nation wrecked by very costly public employees unions, which has yet to earn the full confidence even of the other nations in the European Union, has discovered the real culprit behind its growing chaos: American banks. Prime Minister Papandreou, the socialist leader of this disintegrating nation, is frustrated by the ratings given to Greece by investment banks in America, which are indicating a high probability of default by the Mediterranean country.