When do we admit that we are slaves to the Communist Chinese govt.? I get the feeling that all of the shit we're currently seeing is prelude to the world bankers/govts./rich folk going to the Chinese for a bailout. Our fates are no longer our own and we're too stupid to realize it (yet). In the end, might makes right. Nothing has changed since the caveman.
See here In the long run, we're all dead. John Maynard Keynes
A Plan for China to Bail Out the US This proposal by Arvind Subramanian in the Financial Times makes quite a lot of sense, but given the collective denial in the US about how bad things are (despite the cratering of the markets, neither Presidential candidate was willing to say the economy would get worse, when that is a given) and our dependence on China. And by the time we might be ready to ask for help, it will probably be too late. Americans are too wedded to the idea of our superiority, wrapped in the only slightly less offensive packaging of "exceptionalism" to realize that our economic crisis will lead to a permanently diminished standing. I am not in agreement with the focus on helping homeowners in the proposed plan (I agree with the idea of extended social safety nets, particularly since that money will be spent, providing a cost-effective boost), but directionally, the idea has merit.From the Financial Times:The financial rescue plan passed by the US Congress is viewed as flawed but necessary to head off panic in financial markets and loss of confidence in the economy. It seems a holding operation, a Plan C or D that might need augmentation via a Plan A.A vital component of a Plan A is likely to be additional money,,,Where will this additional money - perhaps as much as another $500bn - come from? ...Enter China. Ken Rogoff of Harvard cheekily characterised the vast Chinese accumulation of US Treasury bonds over the past five years as the biggest foreign assistance programme in history. Why not push that further? Here is a thought experiment.
The financial rescue plan passed by the US Congress is viewed as flawed but necessary to head off panic in financial markets and loss of confidence in the economy. It seems a holding operation, a Plan C or D that might need augmentation via a Plan A.A vital component of a Plan A is likely to be additional money,,,Where will this additional money - perhaps as much as another $500bn - come from? ...Enter China. Ken Rogoff of Harvard cheekily characterised the vast Chinese accumulation of US Treasury bonds over the past five years as the biggest foreign assistance programme in history. Why not push that further? Here is a thought experiment.
This doesn't look good people. In the end, might makes right. Nothing has changed since the caveman.
What would hurt is, if I go down 1.5 blocks to the neighborhood shopping mall and both grocery stores are boarded up, front display windows obviously broken into.
Where do suburbanites like me get food FOR TODAY if there is a run on food?! Quite honestly, I've NEVER known hunger. Is that what's coming? In the end, might makes right. Nothing has changed since the caveman.
"They're at the starting line! Get ready! Get set!"
Another day of fun. In the end, might makes right. Nothing has changed since the caveman.
