I doubt that anyone can make sense of it actually...
Credit freeze if no bailout, ok, then what? collapse of banks..? but will the US government nationalize credit and banking?
Will there be a dolalr run? or not? Will the US economy get credit from the T -bills and reform the transition to a lower more stable growth thanks to the lower value of dollar?
And Europe? How Spain will pass get thorgh the lack of credit? asking the chinese? and how the french and the german will live without US demand? Bad.. it seemb bad. or not that much reallya fter one year?
Adn finally, will anyone implement the policies necessary to generate productiviy and employment, increasing taxes on the rich, financing public trasport and energy programs? destroy the present debt-bubble system and the too-big-to-fall?
I do not know.. who knows...
anybody knows?
A pleasure I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude
I'm trying to get a sense for the range of possibilities really.
In Europe, the possiblities are slightly bad and bad but not extremelly bad.
In the US slightly bad, bad and extemelly bad are possibilities.
In south America and oil producing countries I can not see how this can turn out bad. Or worse than now.
Might increase the risk of the US sending a gunboat or two to negotiate better oil prices for themselves. The fact that flagrant imperialism isn't be sustainable in the face of an economic meltdown has not historically been a major deterrent for declining empires.
- Jake If you only spend 20 minutes of the rest of your life on economics, go spend them here.
Nothing the US can do now.. military in Brazil is with the president and the new elites....happy pumping money at the middle class and becoming one regional power.
Invasions were off the table because the vast majority of American troops were (and are) busy dying in the Middle East, and diplomacy is for wimps (not the manly men Republicans vote for).
The result: Bush has been busily trying to pretend that Latin America doesn't exist ever since the failed Venezuelan coup.
Imperial overstretch in action?
Teh US never needed the army fr insurgency.. the fact that they did not do it this time speaks very well of Bush father.. Bush son or Cheney had not the people to do it.
