Against: Fascism, Trump, Putin, Q, libertarianism, postmodernism, woke-ism and Identity politics. For: Democracy, equalism, art, science, Enlightenment values and common-sense liberalism.
Sunday, April 10, 2005
Is DOOM mere months away?
The (and I mean the) hippest piece available right now on our impending economic catastrophe (as well as our upcoming war with Iran) can be found here.
9 comments:
Anonymous
said...
This piece mixes a measure of sound economic analysis with a fever of conspiracy theory (in the pejorative sense) which gives far too much credit to Bush & Co. The notion that these idiots are *trying* to provoke a debt crisis in this country is highly implausible, if only because they wouldn't survive it politically and their own financial interests would go down with the ship. This crowd may indeed provoke such a crisis, but not intentionally.
The truth is, there isn't a single competent economist currently employed by the Bush administration in any position of influence. An international banker would have to be crazy to buy dollars, with the economy in the hands of Dick ("deficits don't matter") Cheney and John Snow. But if they starve the beast, their own economies will go down the tubes (for lack of an export market) and the trillions of U.S. debt they hold will be worthless. Bear in mind that as anemic as the U.S. economy is, things are worse in Europe, and Asian economies could also see a dramatic downward reversal quite soon. As for the Bush administration -- they see a weaker dollar is a boost to U.S. exports, and they see no further. It's as simple as that.
If there's a silver lining, the crisis in Argentina actually got the middle class into the streets, and they achieved some semblance of rational progressive governance.
In general I agree with anonymous. I used to think Bush was in it for the money, but the evidence is pretty clear now that Bush is a case of Narcissistic Personality Disorder. He does believe he is doing the work of his god; and the PNAC crowd think they can preserve in amber the post-World War II world order.
Not that they do not wish to impoverish the American people, but you can't leave out the other stuff.
Another thing left out, which I believe is a big part of this, is that the former Republican Party, which I now call Bushist, is a borderline hate group driven to irrational violence against the American people and the world. Trent Lott got so comfortable that he thought the "borderline" had been crossed and he was free to say what every single "Republican" politician has implicitly endorsed.
I don't think ANYONE truly grasps the magnitude of what's coming. Even dire warnings like this one fail to foresee how much desperation and rage will be released when the almighty dollar collapses. Americans long ago gave up their integrity, national identity, and honor. Their neighborhoods have lost cohesion, their familial bonds have weakened. Their small farms have been gobbled up by agribusiness, their mines closed down, and their factories shipped overseas. When our fake economy implodes and the charade is exposed, violence will explode with unimaginable fury and no restraint. There are 280 million guns in this country, and the people who own them have no eternal truths to cling to, only misplaced faith and materialism. Here's what may happen: Fundamentalis Christians may be blamed, just as in the 1930's the Germans blamed the Jews for their own economic collapse. They may be scapegoated (not without some justification), and martyred by the millions. A decade from now there may not be a person alive in this land who admits to owning or reading a Bible. It won't be pretty, and I don't endorse it, but someone's going to have to take the blame, and they're the most likely ones.
My picture of the American people is not as pessimistic as the unirealist's. Neither do I expect Jesus freaks to suffer a fate similar to that of the Jews in Europe, who were an object of entirely irrational fears. We who rationally fear believers in gods are unlikely to resort to irrational levels of violence.
No, what concerns me most is the global warming, which the Bushists are doing their best to make as rapid and bad as possible. Do not underrate the capacity of global warming to ruin and shorten our lives.
You're right that they're not intentionally doing this, it gives too much credit it to the enemy to suppose that they are intentionally doing this and are intelligent enough to do it. I have to agree that I think they don’t want to impoverish people - although this http://www.thecrimson.com/article.aspx?ref=506836 may lead you to believe otherwise, and it may also lead you to agree they want to create an environment that is best for businesses first and people second. Saying that people might turn on the Christian fundamentalists is wrong, for one as far as I can tell the general populace just don’t know how prevalent they are or how tight their hold on power is. Further more I personally think the opposite will happen – the fundamentalists will be the ones who rise to power, in a manor and style and with rhetoric strangely familiar to what happened beginning 10-15 years after a certain European power had their collapse after losing WW1 - this meltdown is going to be their wet dreams come true and a perfect opportunity to begin “reconstructing” America. To use a term from one of the two most well known Christian-fundamentalist movements. These 3 links also add to the impending meltdown woes: http://www.morganstanley.com/GEFdata/digests/20050318-fri.html#anchor0 http://www.financialsense.com/fsu/editorials/charting/2005/0302.html http://www.gao.gov/cghome/intergovchallenge.pdf LamontCranston
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9 comments:
This piece mixes a measure of sound economic analysis with a fever of conspiracy theory (in the pejorative sense) which gives far too much credit to Bush & Co. The notion that these idiots are *trying* to provoke a debt crisis in this country is highly implausible, if only because they wouldn't survive it politically and their own financial interests would go down with the ship. This crowd may indeed provoke such a crisis, but not intentionally.
The truth is, there isn't a single competent economist currently employed by the Bush administration in any position of influence. An international banker would have to be crazy to buy dollars, with the economy in the hands of Dick ("deficits don't matter") Cheney and John Snow. But if they starve the beast, their own economies will go down the tubes (for lack of an export market) and the trillions of U.S. debt they hold will be worthless. Bear in mind that as anemic as the U.S. economy is, things are worse in Europe, and Asian economies could also see a dramatic downward reversal quite soon. As for the Bush administration -- they see a weaker dollar is a boost to U.S. exports, and they see no further. It's as simple as that.
If there's a silver lining, the crisis in Argentina actually got the middle class into the streets, and they achieved some semblance of rational progressive governance.
In general I agree with anonymous. I used to think Bush was in it for the money, but the evidence is pretty clear now that Bush is a case of Narcissistic Personality Disorder. He does believe he is doing the work of his god; and the PNAC crowd think they can preserve in amber the post-World War II world order.
Not that they do not wish to impoverish the American people, but you can't leave out the other stuff.
Another thing left out, which I believe is a big part of this, is that the former Republican Party, which I now call Bushist, is a borderline hate group driven to irrational violence against the American people and the world. Trent Lott got so comfortable that he thought the "borderline" had been crossed and he was free to say what every single "Republican" politician has implicitly endorsed.
I don't think ANYONE truly grasps the magnitude of what's coming. Even dire warnings like this one fail to foresee how much desperation and rage will be released when the almighty dollar collapses. Americans long ago gave up their integrity, national identity, and honor. Their neighborhoods have lost cohesion, their familial bonds have weakened. Their small farms have been gobbled up by agribusiness, their mines closed down, and their factories shipped overseas. When our fake economy implodes and the charade is exposed, violence will explode with unimaginable fury and no restraint. There are 280 million guns in this country, and the people who own them have no eternal truths to cling to, only misplaced faith and materialism. Here's what may happen: Fundamentalis Christians may be blamed, just as in the 1930's the Germans blamed the Jews for their own economic collapse. They may be scapegoated (not without some justification), and martyred by the millions. A decade from now there may not be a person alive in this land who admits to owning or reading a Bible. It won't be pretty, and I don't endorse it, but someone's going to have to take the blame, and they're the most likely ones.
My picture of the American people is not as pessimistic as the unirealist's. Neither do I expect Jesus freaks to suffer a fate similar to that of the Jews in Europe, who were an object of entirely irrational fears. We who rationally fear believers in gods are unlikely to resort to irrational levels of violence.
No, what concerns me most is the global warming, which the Bushists are doing their best to make as rapid and bad as possible. Do not underrate the capacity of global warming to ruin and shorten our lives.
You're right that they're not intentionally doing this, it gives too much credit it to the enemy to suppose that they are intentionally doing this and are intelligent enough to do it.
I have to agree that I think they don’t want to impoverish people - although this http://www.thecrimson.com/article.aspx?ref=506836 may lead you to believe otherwise, and it may also lead you to agree they want to create an environment that is best for businesses first and people second.
Saying that people might turn on the Christian fundamentalists is wrong, for one as far as I can tell the general populace just don’t know how prevalent they are or how tight their hold on power is. Further more I personally think the opposite will happen – the fundamentalists will be the ones who rise to power, in a manor and style and with rhetoric strangely familiar to what happened beginning 10-15 years after a certain European power had their collapse after losing WW1 - this meltdown is going to be their wet dreams come true and a perfect opportunity to begin “reconstructing” America. To use a term from one of the two most well known Christian-fundamentalist movements.
These 3 links also add to the impending meltdown woes:
http://www.morganstanley.com/GEFdata/digests/20050318-fri.html#anchor0
http://www.financialsense.com/fsu/editorials/charting/2005/0302.html
http://www.gao.gov/cghome/intergovchallenge.pdf
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