"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "


Chinese premier Wen Jiabao 12th March 2009


""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."


Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Saturday, April 19, 2008

Götterdämmerung

Financial Collapse will End the Occupation by Mike Whitney Information Clearing House

How Will It End?

The Bush administration has decided to pursue a strategy that is unprecedented in US history. It has decided to continue to prosecute a war that has already been lost morally, strategically, and militarily. But fighting a losing war has its costs. America is much weaker now than it was when Bush first took office in 2000; politically, economically and militarily. US power and prestige around the world will continue to deteriorate until the troops are withdrawn from Iraq. But that's unlikely to happen until all other options have been exhausted. Deteriorating economic conditions in the financial markets are putting enormous downward pressure on the dollar. The corporate bond and equities markets are in disarray; the banking system is collapsing, consumer spending is down, tax revenues are falling, and the country is headed into a painful and protracted recession.

The US will leave Iraq sooner than many pundits believe, but it will not be at a time of our choosing. Rather, the conflict will end when the United States no longer has the capacity to wage war. That time is not far off.

Mike Whitney has an apocalyptic view of Iraq .. much of which also applies to Afghanistan. Sooner or later the Presidential candidates are going to have to anser the hard questions.. abortion, the collapse of Wall Stret, the lack of support for the war. Read what he says.

1 comment:

jon doy said...

surely the military, moral, financial and reputational demise of Amerika, and the presence of the waiting loving arms of its rescuer and salvation the NAU, have absolutely nothing in common with one another ?

same deal here in minimerica and the EU too i reckon, nothing confluential about it at all

nope, all a big coinkidink

so long, and thanks for all the body bags and profit, say the 'elite' with a transnational wave and a sneer

(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish