Becuase Everything Else Sucks

The Real News - How the US is Shifting the Crisis onto the Rest of the World

By Manila Ryce
Published Monday, March 16th, 2009, 8:53 pm
Filed under: Human Rights, Videos: News, Economic, World Issues, Videos, US Politics

WPvideo 1.10

The US Treasury will borrow no less than one trillion dollars from the developing world in 2009. It will need even more in 2010. Pepe Escobar argues the US is indeed in a privileged position: not only it unleashes a global financial crisis, it then sucks up money from all over the world, based on the fact that the US in fact remains the “manager” of choice of global capitalism. As if this was not hardship enough for the developing world, it now also has to cope with the resurgence of the discredited World Bank and IMF. A certain Tim Geithner has been through this before - during the Asian financial crisis in 1997/1998 - and then he got it all wrong.

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2 Responses to “The Real News - How the US is Shifting the Crisis onto the Rest of the World”

  1. Hey, Manila.

    We miss you over at SN, drop by sometime if you find a moment.

    caution
    03/18/09 at 12:59 am

  2. welcome to corporatist America where the top 1% control 90% of what is going on in this country.

    I’m not a communist as such I believe in capitalism so long as we as American citizens have strong regulations and every one of us has our eyes WATCHING our government and call for stronger protections against corporate interests. I am anti-corporation and I’d like to see “business as usual” and the people that support them eradicated off the face of the earth.
    I also support the idea of EVERY American being armed to the teeth (call it a citizen army if you will) to be prepared to fight the top 1% of the crooks.
    The bad guys are WALL STREET all the way to CEOs of very evil companies like the recently renamed BLACKWATER now XE Corporation and other companies Monsanto.

    It is these people, not the conservative or religious right that think that they are holding every one of us hostage. Make no mistake J, we will have a violent French Revolution here in the U.S.A. and when that does happen, these people will be facing the collective guillotine.

    300 years ago, French society found out what the poor majority working class thought about a one-sided system that screwed them while benefiting the small but very wealthy elite of the country.
    I was talking to a guy at the Eagle one night about politics and he said something that really brought up a very interesting thought.
    He said that “The rich in this country have very little to fear because of soldier-for-hire companies like XE that are protecting them.” I said in response to him that 300 years ago the wealthy elite French arrogantly thought the very same thing and they were protected (or so they thought) until they saw violent mobs bring many of their colleagues to justice by beheading them.
    Too many people are extremely angry at what has happened over the last 80 years including the most recent of events. We may not live to see it but history is about to repeat itself in United States. Justice will be served. The sad part is that many people will die when this does come.

    I mean think about it. So many people across this country (never mind the rest of the world) are facing financial ruin at the hands of crooks of the financial sector and the banking system, while these same scum of the earth are walking away with their pockets filled with unimaginable wealth. I have hatred against the banks, WALL STREET, and corporations that have created this bullshit “free market/globalization” idea which is nothing more than covert operation to make an insane amount of wealth for a few on the backs of the many.
    That is the biggest PONZI scheme of the 21rst century that was devised in the 19th.

    Where the hell is the help people like you and I need?

    Joe Villanova
    04/14/09 at 6:11 am

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