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The global swindlers and thieves financiers made a lot of money in and under the current system.  They aren't about to shrug their shoulders and walk away.  Judicious use of a small part of their loot gain in the political arena should go a long way to creating a blocking minority in government -- just like California, US of A.

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
by ATinNM on Mon Aug 17th, 2009 at 11:54:33 AM EST
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Judicious use of a small part of their loot gain in the political arena should go a long way to creating a blocking minority in government...

At this point >90% of the capitalization of Goldman, Morgan, BOA, Citi, WF, etc. is based on their regulatory and policy capture of the US Government and they have calibrated the application of loot to governmental institutions and representatives quite effectively. Even a significant percentage increased application of that loot would be no problem.  However, there are those rare moments when the screens and curtains are blown away and the pirates are revealed in all of their sordid reality.  We were on the verge of such a moment last fall, but Obama stepped into the breach and distracted most of the public with "change we can believe in."

When the next big downward leg comes he may not be able to reprise his performance.  It will have grown stale and obvious and too many may be on to him.  But this does not have to end in repudiation of the Ponzi losses and prosecution of the guilty.  We could go the way of Weimar.  In fact that is the more likely outcome.  The sort of deals Hitler had to make with the German industrialists are already in place in the contemporary USA.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Aug 17th, 2009 at 12:42:37 PM EST
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ARGeezer:
We could go the way of Weimar.  In fact that is the more likely outcome.  The sort of deals Hitler had to make with the German industrialists are already in place in the contemporary USA.

hmm, interesting, could you expand on that a bit, please?

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Tue Aug 18th, 2009 at 06:16:05 AM EST
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AIRC, when Adolph became Reich Chancellor he needed the support of Hindenberg to lend him legitimacy with the military and he had to forge links to the industrialists, who found him distasteful and more than a little frightening.  Any right wing government that may come to power in the USA will be as a fish in water with respect to working with US industry and business.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Aug 18th, 2009 at 09:43:34 AM EST
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All economic solutions for the US will be gridlocked or sabotaged, similar to what has already been done in California.  

In the absence of solutions there will be social breakdown and chaos.  

Chaos will be dealt with through nazification.  

This strategy was field tested with success (from the elite point of view) in the 20th century.  It is one of the main scenerios for the 21st century.  

Minor differences in detail (eg that the US has already significantly de-industrialized) will affect how well it actually plays out.  

The Fates are kind.

by Gaianne on Wed Aug 19th, 2009 at 02:37:02 AM EST
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