Artie, you're hanging onto the edge by your fingernails. Just a few more
rants like this and the boys in white might show up at your door.
P.S. (If they do, just tell them you're a Democrat)
"Articulate" <southater@[EMAIL PROTECTED]
> wrote in message
news:1163865996.705290.189980@[EMAIL PROTECTED]
> There was something that could have been done a few weeks ago. An even
> greater democratic landslide could have taken place - one that would
> have created a majority great enough to imeach the ignorant southern
> bush. The real problem is that the ignorant south has taken over the
> republican party. When the south was still demo, (for decades prior to
> roe v wade and during the early DECADESSSSSS afterwards) the repubs
> were in the minority. They were being punished for the Joe McCarthy
> debacle of the 1950's, and punishment was of course appropriate. 20
> years after roe v wade, the ignorant, formerly yellow dog democrat
> south suddenly realized that there was something wrong with abortion
> and that the demo party was more pro abortion than the repub party.
> (As to why that concept eluded them from 1973-1994, I dont know - ask
> CM German). When the south was "born again" in 1994, and tipped the
> congressional balance of power back to the repub side after 40 years of
> demo congresses, the repubs of UT CA PA WI CN, etc were so grateful
> that they decided to step aside and let these strange new southern
> allies take the helm. As a result, we had double digit IQ types like
> Trent Lott, of Mississloppy in charge of things. In the 1996 repub
> presidential primary, one of the front runners was a man from TX who
> had actually failed the second grade TWICE. Doing that in TEXAS is
> even more suggestive of mental retardation that doing that in MA, for
> example. Utah's congressional delegation, for example, has been
> majority repub for many decades and they were able to accomplish very
> little from the 1950's to the early 1990's because repubs were in the
> minority in congress. As is commonly known, southern people are more
> stupid, illiterate, and limited in articulation than are normal people.
> Bush even admits that he actually "butchers the english language".
> He grew up in the south and has a strong southern accent. This is a
> cultural thing, not a genetic thing. I have many times proposed to
> this group that southerners' votes should only count three fifths as
> much as normal peoples' votes. The south is to blame for the nation's
> problems. They were democrats long enough to abolish the death penalty
> for TEN YEARS, legalize abortion, turn prisons into luxury resorts,
> demonize the oil companies, and put **** on prime time. Then in 1994
> they switched sides and focused Wa****ngon for years on getting rid of
> clinton instead of beefing up the intelligence network, resulting in
> 911. Then they attacked a country that had NOTHING to do with 911 and
> wasted half a trillion on it. Southerners are to blame for everything
> and they shouldnt be voting!
>
>
>
> maxhemust@[EMAIL PROTECTED]
wrote:
>> Bush's Chernobyl Economy
>> By Mike Whitney
>>
>> In the next few months, a financial crisis will arise somewhere in the
>> world which will jolt the American economy and trigger a swift and
>> precipitous decline in the value of the dollar.
>>
>> This is not speculation; it will happen and there is nothing that the
>> Bush administration can do to stop it.
>>
>> All of the traditional sup****ts for the dollar have been removed by
>> the shrinking economy, a massive $800 billion account deficit,
>> dramatic increases in the money supply, and the reckless manipulation
>> of interest rates.
>>
>> Now, the noose is tightening. Our foreign trade partners can see that
>> we are drowning in red ink and are refusing to buy back our debt in
>> the form of US Treasuries. This is a death sentence for the dollar. It
>> means that in a matter of months the once-mighty greenback will crash
>> through the floor and free-fall through open space.
>>
>> Mike Swanson of the WallStreetWindow explains the worrisome details
>> related to last month's trade deficit:
>>
>> "Just a few days ago the US Treasury re****ted that the net capital
>> inflows from the rest of the world into the US fell for a 6th month in
>> a row. Private (purchases) from abroad fell to $34.7 billion in August
>> and from $72.9 billion in July. Asian central banks made up for the
>> shortfall. If they hadn't the current account deficit would have
>> exploded. The NY Times quoted Ashraf Laidi, a currency analyst at MG
>> Financial Group as saying, "foreign central banks saved the dollar
>> from disaster. The stability of the bond market is at the mercy of
>> Asian purchases of US Treasuries."
>>
>> Swanson poses an interesting theory, but it can't be verified since we
>> the Fed stopped printing the M-3 (which would provide the relevant
>> facts about the current cash inflows) and since China and Japan have
>> slowed their purchases of UST Bonds.
>>
>> Jim Willie of GoldenJackass.com, offers an entirely different theory
>> in his recent article "Spent Dollar Momentum". Willie opines:
>>
>> "Behind the scenes are the many illicit London-based firms busily
>> buying US Treasury Bonds with freshly-printed money from the Dept of
>> the Treasury. Their tracks are covered by the blackout on the money
>> supply statistic. (M-3) An isolated US government with a well-oiled
>> printing press as the primary sup****t device makes for a dangerous
>> currency situation."
>>
>> Willie's "conspiracy theory" jives nicely with the US Treasury's
>> figures on the "Foreign Financing of US Government Debt" (June 2006)
>> Surprisingly, between 2005 and 2006 our friends in the United Kingdom
>> purchased an additional $142 billion of USD bringing their stockpile
>> of dollars to $201.4?!?
>>
>> Why?
>>
>> Why would UK investors suddenly stock up on dollars when everyone else
>> in the currency market is bemoaning the greenback's systemic problems?
>>
>> Could it be that banks in the UK are just hiding the paper trail for
>> friends in America who want to forestall a collapse in the dollar
>> until after the election?
>>
>> Of course, there could be another explanation for the irregular
>> activity in cash inflows, (purchase of US Treasuries) that is, that
>> we're still living in a "faith-based" Wonderland where our overseas
>> trading partners are more than willing to buy an endless supply of
>> worthless paper from a well-meaning Goliath who is busy spreading
>> democracy to the "great unwashed" in developing world.
>>
>> ...
>>
>> Last week an article by Ambrose Evans-Pritchard appeared in the UK
>> Telegraph, where he stated:
>>
>> "(Treasury Secretary) Paulson re-activated the secretive sup****t
>> team to prevent markets meltdown. Judging by their body language, the
>> US authorities believe that the roaring bull-market is just a sucker's
>> rally before the inevitable storm hits.the plunge protection team is a
>> shadowy body with powers to sup****t stock-index, currency, and credit
>> futures in a crash. Otherwise known as the working group on financial
>> markets, it was created by Ronald Reagan to prevent a repeat of the
>> Wall Street meltdown in October 1987".Paulson has set up "a command
>> center at the US Treasury that will track global markets and serve as
>> an operations base in the next crisis." (Members include the heads at
>> Treasury, Federal Reserve and Securities and Exchange Commission)
>>
>> Evans-Pritchard adds: "Mr. Paulson has asked the team to examine
>> systemic risk posed by hedge funds and derivatives, and the
>> government's ability to respond to a financial crisisWe need to be
>> vigilant and make sure we are thinking through all of the various
>> risks and that we are being very careful here. Do we have enough
>> liquidity in the system?'"
>>
>> And, finally, Evans-Pritchard queries: (Do) Mr. Paulson and Mr. Cox
>> (SEC) know something that we do not: whether other hedge funds are in
>> the same sinking boat as Amaranth Advisors and Vega Management,
>> keel-hauled by bets on natural gas and bonds? Or whether currency
>> traders with record short positions on the Japanese Yen and Swiss
>> Franc are about to learn the perils of the Carry Trade, a high-stakes
>> game of chicken where you bet against fundamentals with high leverage
>> to make a quick profit. Everybody knows it will blow up if the dollar
>> goes into free fall".
>>
>> So what is Paulson anticipating?
>>
>> Gabriel Kolko offers us a clue in a CounterPunch article "Why a Global
>> Economic Deluge Looms":
>>
>> "The entire global financial structure is becoming uncontrollable
>> in crucial ways its nominal leaders never expected. Instability is its
>> hallmarkContradictions now wrack the world's financial system, and if
>> we are to believe the institutions and personalities who have been in
>> the forefront of the defense of capitalism, it may well be on the
>> verge of serious crisis."
>>
>> Deregulation and reduced market transparency have created a plethora
>> of financial instruments which are relatively untested and
>> extraordinarily volatile. By eliminating the "rules of the game"
>> market-savvy investors have raked in the profits but reshaped the
>> economic landscape in a way that no one can predict what the ultimate
>> outcome will be. Hedge funds are now loaded with over-leveraged
>> debt-instruments that promise a generous return in an up-tempo market,
>> but certain doom in an economic downturn. Now, that all the arrows are
>> pointed towards recession the devastating effects of this new
>> "liberalized" system will be felt throughout the global economy.
>>
>> No one knows what is in store for these high-risk hedge funds which
>> have only been in existence for a short time and which Americans have
>> dumped trillions of their hard-earned savings. As Kolko says, "The
>> credit derivative market was almost non-existent in 2001, grew fairly
>> slowly until 2004, and went into the stratosphere, reaching $17.3
>> trillion by the end of 2005."
>>
>> Is it any wonder why the main players at the Fed, the Treasury and the
>> SEC are feeling a bit jittery?
>>
>> Any shock to the markets could set off a system-wide cataclysm. Just
>> this week, for example, Taiwan was bracing for a stock market crash
>> following the surprise indictment of first-lady Wu Shu-chen. Even
>> relatively small incidents like this on the other side of the world
>> create the potential for contagion that can spread rapidly in this new
>> world of globalized markets. The danger is even greater when those
>> markets are built on a foundation of sand.
>>
>> Hank Paulson was doubtless selected as Treasury Secretary as the best
>> possible "industry-insider" to oversee the unwinding of America's
>> humongous account imbalances and flimsy "deregulated" markets. His job
>> is to ensure that, at the end of the day, US banking giants, the
>> Federal Reserve, and western elites still control the global economic
>> system and that the dollar reigns supreme. Whatever happens to the
>> American middle class in the process is of no consequence.
>> ...
>>
>> The country is now facing a Chernobyl-type meltdown and the prospects
>> for changing direction appear to be minimal. The foundation blocks for
>> sound economic growth and prosperity have been replaced by a misguided
>> faith in military adventurism and police state repression. The results
>> are plain to see.
>>
>> We are now more vulnerable to a seismic economic event than anytime
>> since the Great Depression. The cor****atists and the money-lenders
>> have absconded with the nation's wealth; gutting the manufacturing
>> sector, creating enormous equity bubbles, and raffling off our vital
>> industries to foreign investors. At the same time, the Bush
>> administration has sown dragons-teeth around the world leaving the US
>> with precious few friends to throw us a lifeline when ****p starts
>> taking on water.
>>
>> Hard times are on the way; only this time it'll be detention centers
>> instead of soup kitchens.
>>
>> ###
>> The above is an excerpt of a very long/detailed article. See the whole
>> thing here:
>>
>> http://www.counterpunch.org/whitney11092006.html
>> ===============
>>
>> The collapse will be a good thing. A new economic system that is good
>> for everyone, will be created to replace the corrupt US economy!
>> Shortly after the total collapse of the stock markets - watch for the
>> one prophesied by all the major world religions. All will be well.
>> http://share-international.org/
>> ---------
>>
>> "Without sharing there can be no justice;
>> without justice there can be no peace;
>> without peace there can be no future...
>> "Man must change or die. There is no other course."
>> Maitreya, the World Teacher
>
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