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Economic Collapse: The Financial Death of the US Empire

Discussion in 'U.S. Politics' started by Stalin, Oct 10, 2008.

  1. Stalin

    Stalin Active Member

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    For Comrades all around the world, these are wonderful days

    "...The American empire is kaput. Neither John McCain nor Barack Obama realizes that fact yet, but the myth of the omnipotent unipower, the essential nation, the country which declares that what it says goes, has been exposed to all. The Iraq debacle sullied Washington's reputation, but did not destroy the illusion of American indispensability. Assorted politicians, like McCain and Obama, promised to restore US primacy, either through more bluster or better diplomacy. But the financial crash has wrecked the economic basis of America's imperial pretentions. Washington simply can't afford to attempt to run the world any longer.

    The US stock market has dropped 2500 points in 9 days. Trillions of dollars in wealth disappeared as the Dow lost six years worth of growth. The Bush administration and Congress have tossed ever increasing amounts of money at failing firms, hoping to appease the economic gods, rather as the ancient Canaanites sacrificed children to Baal. But the markets refuse to be appeased, and financial contagion has circled the globe.

    Even before the economic crisis spiraled out of control, the US government was effectively broke. The national debt currently stands at $9.8 trillion, up $4 trillion (about 72 percent) since George W. Bush took office. With the pre-bail-out federal deficit in 2009 expected to hit a half trillion dollars, earlier this year Congress upped the debt ceiling to $10.6 trillion. But truly frightening are the many liabilities yet to come due. Uncle Sam is an extraordinary wastral and soft touch, like the person who cosigns notes for relatives, buys rounds of drinks for his friends, and promises everyone he knows that he'll take care of them.

    more good economic news ( for Party members anyway ) see http://www.antiwar.com/bandow/?articleid=13572

    Comrade Stalin of Gori, Wedding Singer extraordinaire
     
  2. The Scotsman

    The Scotsman Well-Known Member

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    Is that schaden freude I see oozing from your fingertips...... do you long for the days of the Kollective and the reintroduction of Gosudarstvennyi Komitet po Planirovaniyu?
     
  3. Libsmasher

    Libsmasher New Member

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    Imagine the mentality of someone who would adopt the name of the peerless murderer in all of human history.
     
  4. BigRob

    BigRob Well-Known Member

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    How is the Russian economy doing again?
     
  5. bododie

    bododie New Member

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    Your average Russian still yearns for the lifetstyle upgrade to the American ghetto, that's how. The tours take you to wonderful touristy places. Friends take you to the real Russia.
     
  6. The Scotsman

    The Scotsman Well-Known Member

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    ......

    ....ah yes the real Russia! Predictions were that Russia would be the economic force in the Europe of the future, indeed it could be but not with Komrade Dmitry Medvedev or his boss Komrade Vladimir Putin at the helm. The Zhils have been replaced with Mercs and BMWs but the streets are still potholed and the drunks still outnumber the workers..... for as it is today it always was just a rather bleak facade.

    Russia is a country that likes to talk big, undoubtly it is a country with serious resources and some very capable people but the reality is it its all just bluster! Once you scratch the surface you'll find a country that is totally screwed economically, politically and socially.......always was and always will be......so long as they cling to the past and employ messrs Dmitry Medvedev and his boss Komrade Vladimir Putin!
     
  7. Pandora

    Pandora Well-Known Member

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    a few weeks ago the russian stock market closed for at least two days, It could have been longer but I know it was two days because of the same kind of stuff that is going on here.
     
  8. Andy

    Andy Well-Known Member

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    If things do turn around, it will be because while the former soviet bloc states are adopting free Capitalistic principles, we are adopting soviet style socialist controls.

    I talked with a wonderful women from Laos, who talked ironically about how they fled the communists with her mother and sisters, running through the woods being shot at, all to get to freedom, and ultimately the US, and now we are adopting the exact laws and socialist controls that caused them to flee Laos.
     
  9. Pandora

    Pandora Well-Known Member

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    Gosh Andy that is so depressing. I feel horrible for her and terrible for us. I wish we could do something to stop them from ruining our country
     
  10. Andy

    Andy Well-Known Member

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    Yeah that did come across as a downer, didn't it? I didn't mean to make it out to be a sink hole. The lady is doing very well, and her family to. Her mother never got over the communist take over of Laos, but she met her husband on the way to the US, and they have 3 kids.

    He makes good money as a CNC machinist, even though he came here uneducated, and learned it all self-taught. A true success story. She worked at company that repaired high end computer boards, and made decent cash for her time. Again, self taught.

    Point is, we still have a good country, and we still have great freedom here, and there are success stories in the US, that are not seen very often in other parts of the world.

    That said, yes we need to dump a little pride, and listen to the people coming here, and ask why are we adopting the policies that drove these people from their home lands? Why are we adopting policies like Cuba, when people die trying to escape there? Why are we allowing more government control, when Chinese couples come here to escape the control of their government? Why the heck are we doing this?
     
  11. Stalin

    Stalin Active Member

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    Is anybody going to address the content of the article ?

    Or who wrote it ?

    Or is everybody going to engage in the two minutes hate ?

    Read Naomi Klien's "Toxic Shock" to see how the current Russian State was created by the wicked capitalists looting the worker's state.
     
  12. Mr. Shaman

    Mr. Shaman New Member

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    ....As if the 1%ers needed any help. :rolleyes:

    Ain't Karma grand?!!! :D
     
  13. BigRob

    BigRob Well-Known Member

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    High net worth investors are not selling right now for the most part, they are buying.

    So long term, high net worth investors come out even better, while middle class morons panicked and took real losses.
     
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