In the second part of Al Jazeera’s year by year focus on the events and the policies that helped shape Iraq and the current chaos in the country, we look at 2004. To see the episode based on 2003 you can see it on my site by clicking here
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Some say it was a warning
Some say it was a sign
I was standing right there
When it came down from the sky
The way it spoke to us
We felt it from inside
Said it was up to us
Up to us to decide
You’ve become a virus
That’s eating up its host
We’ve been watching you with all of our eyes
And what you seem to value most
So much potential, or so we used to say
Your greed, self-importance and your arrogance
You piss it all away
We heard a cry
We’ve come to intervene
You will change your ways
And you will make amends
Or we will wipe this place clean
Your time is tick-tick-ticking away 
Peter Schiff is the author of Crashproof:How to profit from the coming economic collapse. He is the president/owner of http://www.europac.net and economic advisor for Republican Presidential candidate Ron Paul.
Click here to go to the list of recent video appearances of Peter Schiff on his website.
Here is the most recent episode of his weekly hour long call in radioshow:
This week Inside USA looks at the Bush administration’s policies in South America’s poorest nation, and asks what the future holds for Bolivia.
Words above and video below posted by Al Jazeera English
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In its latest report on global terrorism, the US state department says that despite Iran’s pledge to help stabilise Iraq, the Iranians continue to provide logistical and financial support to militant groups which are targeting coalition and Iraqi security forces. Inside Iraq asks how this latest US salvo on Iran will play out amidst the escalating violence and rising death toll of both Iraqi civilians and American troops in Iraq.
Words above and video below posted by Al Jazeera English
Part 1
Part 2
By Peter Schiff
For those holding out hope that the American economy can miraculously avoid a long and deep recession consumer credit is often viewed as the wonder drug that can cure all manner of economic ills. As such, this week’s report showing $15 billion growth in consumer credit was widely heralded as proof of America’s economic strength and resilience. However, we are now suffering the after effects of too much debt, and our salvation cannot be found in more of the same.
Credit card debt, which now stands at whopping $957 billion nationally (approximately $3,000 for every citizen) has, in recent years taken on a different role in American life. While in the past credit cards were used primarily to purchase big ticket items, spreading out costs over many months, they are now increasingly used to bridge the gap between cost of living and the diminishing purchasing power of Americans who have been taxed mercilessly by inflation. By buying with available credit instead of unavailable cash, consumers are not simply postponing the pain of higher prices, but compounding it by adding interest to the cost of everyday purchases. In addition, as home equity credit is now unavailable to fund large purchases, many consumers are turning to non-deductible, higher cost credit card debt as the last remaining life line. As such, credit card debt compounds steadily, and for many borrowers, becomes increasingly impossible to pay down.
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The Bivouac
