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http://finance.yahoo.com/banking-budgeting/article/108901/death-of-am...
'Death of American Capitalism:' The 10 Final Scenes
by Paul B. Farrell
Tuesday, February 23, 2010
Commentary: Munger warns 2012 is our tipping point on 'road to ruin'
Good news, Americans are "downbeat about today. Upbeat about
tomorrow," says the latest USA Today/Gallup Poll. "Americans feel
battered by hard times, record home foreclosures, stubbornly high
unemployment rates and war."
And yes, we are "fed up with Washington and convinced more than 3 to 1
that the nation is heading in the wrong direction," yet there's
"confidence that there will be better times ahead, that the classic
American dream endures and hasn't been extinguished. It's not even at
its low ebb." Why? Because we're in denial!
Do Main Street's 95 million investors know something Warren Buffett's
long-time partner, Charlie Munger, doesn't know? Munger is warning us
"It's Over" for America. Yes, "o-v-e-r," America's in decline, at the
end-of-days, coming to "financial ruin," says Munger.
Plot Notes: Warning, America Is On a 'Road to Financial Ruin'
Turns out that like Buffett, whose tales we detailed earlier, Munger's
a good storyteller. His parable, "Basically It's Over: A parable about
how one nation came to financial ruin," appeared in Slate magazine.
Clearly he's warning about the end of capitalism, the end of
democracy, the coming end of America.
In his parable Munger calls America "Basicland … rich in all nature's
bounty." In our recasting it as a drama, we'll use "America" rather
than "Basicland" in the narrative to drive home the full impact of
Munger's powerful message.
> With 100,000 troops tied in Iraq and the false WMD information about
> Iraq, U.S. lost its ability and credibility to stop Iran and North
> Korea who are producing REAL nuclear weapons and long range missiles.
And the rest of the world is incapable of doing anything at all without
the US holding its collective hand?
--
Bert Hyman St. Paul, MN be...@iphouse.com
The phenomenon is called "war fatigue", "WMD accusation fatigue", or
"crying wolf syndrome".
"Ben" <pb5...@gmail.com> wrote in message
news:38268512-a6f5-45ce...@j27g2000yqn.googlegroups.com...
No it's not Ben old buddy.
It is called "hiding head in the sand appeasement" syndrome.
In the past hundred or so years, most of the world has looked on and done
nothing while dictatorships, fascist and totalitarian regimes have sought to
impose their will on their citizens and their neighbors. The world has
turned away while nations have engaged in genocide against those who they
deemed unworthy of existence.
Those nations which are directly effected by the impending development of
nuclear arsenals in North Korea and Iran do not have the balls to do
anything about it. Yet they secretly hope that the US, the UK, and Israel
will act.
Korea did not have nuclear bombs before the U.S. decided to thumb it's nose at the world.
;-)
--
Each person has an individual responsibility to determine if his actions are moral, and
no government or army may ever take that responsibility away.
definition:
murder - the unjustifiable and intentional killing of people, NO EXCEPTIONS.
ah...the old "appeasement" canard...you think war should be a last resort? you're an "appeaser"...
> ;-)
What?
> The world would be a much better place had the USA never existed.
Well, you just hop in your wayback machine and fix that.
Let us know how it works out for you.
[Newsgroups restored]
"The world would be a much better place had the USA never existed."
So we would all be better off as Goose Stepping Nazis speaking Kraut?
No Thank Ya!
This sounds like an Ignorant Pvt Troll Quin sock!
Nothing is more essential, than that permanent, inveterate antipathies
against particular Nations, and passionate attachments for others,
should be excluded; and that, in place of them, just and amicable
feelings towards all should be cultivated. The Nation, which indulges
towards another an habitual hatred, or an habitual fondness, is in
some degree a slave. It is a slave to its animosity or to its
affection, either of which is sufficient to lead it astray from its
duty and its interest. Antipathy in one nation against another
disposes each more readily to offer insult and injury, to lay hold of
slight causes of umbrage, and to be haughty and intractable, when
accidental or trifling occasions of dispute occur. Hence frequent
collisions, obstinate, envenomed, and bloody contests.
• Real Patriots, who may resist the intrigues of the favourite, are
liable to become suspected and odious; while its tools and dupes usurp
the applause and confidence of the people, to surrender their
interests. (From President George Washington’s “Farewell Address.”)
You really should take your meds on schedule.
Fight the weirdos over there rather than they come over here and we
still have to fight them.
--
BILL P.
&
DOG
I Have been to places and done
things that the average man has
only dreamed of.
Posted by HOPPIE, 30 Years Active Duty ,11 Campaigns Vietnam
Life Member; Am.Lgn,DAV,VFW,AFSA,VVA. 100%DAV
US is a collective pile of capitalist shit Reagan hated americans
freedom.
Exterminate the republican party
Bullshit.
US UK and Israel are three of the most guilty countries of creating
genocide while hiding acting like they are not. Stinking capitalist
CIA agents have been instigating chaos.
Exteminate Israel and you will have peace.
God is a piece of shit
US is evil. We need to eliminate god from the courtroom and money.
Before religious government we were a righteous country my ancestors
began in 1776.
Now I have a better chance at getting a lobotomy than having the
monitoring device removed from my back the Reagan administration stuck
there when they abducted me in 1982.
God is a piece of slimy capitalist shit
We need civil war to get rid of the god damned medical mafia quacks.
Congress is the enemy.
Exterminate god god dammit
Abraham Lincoln had no intention of stopping slavery in the slave
states.
god is a piece of shit
You were supposed to die for my freedom.
Exterminate god god dammit
US jew military is a bunch of spineless pussies
We do not need deluded psychopaths hallucinating angels and ghosts
trained by pussies in the US military dictating to the rest of the
world they are not religious.
Exterminate the health care mafia
You really should take that up with the Jews there in Miami.
So you got fired from McDonalds today and are a bit out of sorts?
"Hiccum Blurpaedius" <hic...@gmail.com> wrote in message
news:4f0484ed-619c-4b39...@j27g2000yqn.googlegroups.com...
Might I respectfully suggest to you that your defamatory commentary in a
public forum could possibly subject you to extreme sanctions from not only
the governments of the United States of America, the United Kingdom of Great
Britain and Northern Ireland, the State of Israel, but also from those many
religions which believe in a Supreme Being.
I wouldn't want to be in your shoes for all the tea in China.
Actually some U.S. officials expressed concerns that China may
retaliate U.S. over disagreement about Taiwan and Tibet to Chinese
government and here are what they said (they could use it to blackmail
the U.S. in the future):
http://finance.yahoo.com/news/China-US-assets-should-not-be-apf-4061210331.html?x=0&sec=topStories&pos=3&asset=&ccode=
China: US assets should not be 'politicized'
China tries to ease US concern over impact of debt holdings, saying
matter not political
<cut>
He was responding to a question about concerns among some American
lawmakers that Beijing's holdings of U.S. debt pose a political threat
to the United States.
"China is a responsible investor and we fully believe such investments
can be mutually beneficial," Yi said.
China's $2.4 trillion in foreign reserves are the world's largest and
their management is closely watched by financial markets, especially
as governments raise money for stimulus and struggling companies look
for investment.
China is the biggest foreign owner of U.S. government debt and some
American commentators have suggested it might abruptly sell Treasurys
to express anger over Tibet, Taiwan or other strains. Beijing has
never publicly threatened such a move, which would be expensive and
could hurt China by causing problems in a key export market.
> He was responding to a question about concerns among some American
> lawmakers that Beijing's holdings of U.S. debt pose a political threat
> to the United States.
>
> "China is a responsible investor and we fully believe such investments
> can be mutually beneficial," Yi said.
>
> China's $2.4 trillion in foreign reserves are the world's largest and
> their management is closely watched by financial markets, especially
> as governments raise money for stimulus and struggling companies look
> for investment.
>
> China is the biggest foreign owner of U.S. government debt and some
> American commentators have suggested it might abruptly sell Treasurys
> to express anger over Tibet, Taiwan or other strains. Beijing has
> never publicly threatened such a move, which would be expensive and
> could hurt China by causing problems in a key export market.
IIRC, they recently sold some 50 billion dollars worth of t-bills,
making Japan our number one holder of debt.
Mark
$34.2B
http://www.ft.com/cms/s/0/49639438-1b21-11df-953f-00144feab49a.html
Only 34.2B....thanks for the fact check.
A billion here a billion there pretty soon it adds up to real money