Other news
* UK set to nationalize Bradford & Bingley bank
* Fortis may get Belgian, Dutch bailout
"POLITICIANS in the United States last night made a
breakthrough in talks to approve an unprecedented
$US700 billion ($840 billion) plan to revive credit markets."
The Rudd government team had it's package in place last week
and was in NY negotiating with world leaders for a new
Global regulatory framework at the same time. World Leaders
covering 85% of the worlds banks are already committed to this
vital first step in the New World Economic order. China has
promised to help stabilize the world economy by continuing
to maintain and expand production.
"The rescue plan for Wall Street is a huge boost to world
financial markets, which were on tenterhooks over the weekend
amid fears the deal would fail to gain support."
Lets watch the markets and see if they also vote for
Socialist intervention to rescue Capitalism from it's excesses!
Already we see some restraints placed on obscene Greed and
measures to protect homeowners trapped in Wall Streets
failed derivatives and Main Streets imprudent lending
practices:
"The bill, which will be voted on early tomorrow Sydney time,
will cap the salaries of some executives at companies given
assistance and will ensure the US Government makes more
aggressive efforts to prevent home foreclosures."
The decision to buy the troubled debt from ailing companies
and prevent widespread economic collapse came as the contagion
threatened to spread across the Atlantic, with Belgium's
Fortis poised last night to become the first large continental
European bank to fall victim to the credit crunch."
And that is why, while Americans were left to clean up their
own shit, other world leaders were ensuring that we all have
a better sewerage system in the future!!!
"The fallout from the turmoil in financial markets has also
left the British mortgage lender Bradford & Bingley and the
American savings giant Wachovia teetering on the brink."
All national economies will be impacted by the fallout..
to the degree they followed Bush republican de-regulation
and massive debt. In Australia the Howard government was
responsible for huge and record foreign debt, but the
better regulated market helps (a legacy of our past
mixed-Economy tradition, where, in a small capital market
the state had a role in infrastructure from the earliest days,
rail, power, water, airlines, education, defence.. all well
run by government for decades) We have enough remnant Socialist
regulation to save us from the worst excesses of Capitalist
failure. The USSA is now catching up with the idea: ;-)
"The US plan will allow taxpayers to profit from a recovery
of the financial sector in the months and years ahead by giving
the government an equity stake in companies that seek aid."
YES!!!! YESSS! Put an end to "Privatized PROFIT Socialized LOSSES"!!!
If Failed Capitalism wants Socialist rescue.. the price is GOVERNMENT
EQUITY.. the PEOPLE WILL HAVE A STAKE In FUTURE PROFITS OF COMPANIES
THEY SAVE!!
FUCKING BRILLIANT! The Democrats have finally seen a way to
make sure the little folk are not just left holding the shitstick!!!
They get a share of the pie for pulling it from the fire it had
fallen into!!
"The White House also agreed to strict oversight of the program
by a congressional panel, and to conflict-of-interest rules for
companies hired by the US Treasury to help run the program."
And under a new Obama administration we can expect Middle class and
blue-collar workers to get consideration as much as Republican
Big Business cronies!!!
"Congressional leaders and the Treasury Secretary, Henry Paulson,
emerged after two days of protracted meetings late yesterday.
"We have made great progress toward a deal, which will work
and be effective in the marketplace," Mr Paulson said at a
news conference."
The markets will decide if they agree with one of their own,
ex-Goldman Sachs Market man Paulson
And the democrat view?
The speaker of the House, Nancy Pelosi, said: "All of this was
done in a way to insulate main street and everyday Americans
from the crisis on Wall Street."
Sad but it had to be done.. Democrats had to agree to the
package to Bail out the Bush Administrations catastrophic
failure to ensure an effective and safe market, and they
have wrung some great concessions to ensure benefits flowed
to middle class and blue collar Americans on Main St, not
just to the Commercial Institutions which created the chaos,
but are embedded at the heart of the economy, and can't just
be CUT OUT like cancers and thrown away.
"We have to commit it to paper so we can formally agree,
but I want to congratulate all of the negotiators for the
great work they have done."
Pelosi described the bill as fair and said she hoped it
would pass."
More in sorrow than in anger. Democrats don't like cleaning
up Republican shit.. but it had to be done!
"Senate leader, Harry Reid said it was ''not perfect
but it will stabilise the economy''. He said it was
necessary to ensure that ordinary people were able to
get access to credit necessary for student loans,
cars and houses.
But for many fiscally conservative Republicans the
proposal by the administration is the last straw in
what they see as the failure by the President,
George Bush, to rein in government spending."
Even the Republicans can no longer ignore the
failings, ON EVERY FRONT, of George W Bush, the most
Disastrous President in the History of the Republic!
"Several Republicans had proposed an alternative that
would give Mr Paulson only half the money he has
asked for "
Known as the Half-arsed Republican proposal! B^p
"and instead require compulsory insurance for investment
banks against collapse."
A bit fucking late.. the horse is in the knackery!
"But with many suffering a liquidity crisis,
such an approach might not be feasible."
BWAAAAAAAAAAAAAAAAAAAAAAAAAAAHAHAAHAHAHAAHAHAAAA!
"There are also still arguments about how caps on executive
remuneration might work and the Republicans are resisting
Democrat demands to direct 20 per cent of any returns from
the bailout into housing projects.
The Republican presidential candidate, John McCain, was
in Washington on Saturday but did not go to Capitol Hill
and spent his time in his office talking to colleagues
on the phone."
24 hours after suspending his campaign 'till the deal was done'
to save the economy, he suspended the Economy to save his
campaign, ..in the end he achieved neither.
"In an interview with The Atlanta Journal-Constitution
on Saturday, the former House speaker, Newt Gingrich,
whose criticism helped spark the Republican revolt,
predicted that House Republicans would reluctantly
support legislation that permits the federal government
to purchase and isolate the tainted mortgages at the
root of the current credit crisis."
Why haven;t Americans shot that criminal fuck by now?
The Chinese, the worlds most effective and dynamic
economy won't tolerate such levels of corruption
from government officials!
Shoot a few white collar criminals.. compliance follows! ;-)
Let's leave the Republican Rabble bickering among
themselves about which of them is the biggest fuckwit
and the worst criminal:
"Mr Gingrich said Mr Bush did not understand the situation,
and that Mr Paulson should resign.
Mr Bush tried to sell the rescue plan to the American
public which, according to opinion polls, is deeply skeptical.
"The rescue effort we're negotiating is not aimed at
Wall Street, it is aimed at your street," Mr Bush said.
"There is now widespread agreement on the major principles.
We must free up the flow of credit to consumers and
businesses by reducing the risk posed by troubled assets."
Meanwhile, Fortis was yesterday reported by to be
considering selling its ABN Amro banking business or
putting its entire business up for sale after a
sell-off that drove its stock down 35 per cent last week.
Fortis came under pressure because of speculation it was
struggling to raise much-needed capital.
- with The New York Times and agencies
And which national economies were those, Peewee? Of the 20 largest
national ecomonies in the world, how many are in that category?
> In Australia the Howard government was
> responsible for huge and record foreign debt,
So? That is nothing like the current problem in the US. You ignoramus!
> but the
> better regulated market helps (a legacy of our past
> mixed-Economy tradition, where, in a small capital market
> the state had a role in infrastructure from the earliest days,
> rail, power, water, airlines, education, defence.. all well
> run by government for decades)
That's why Australian governments and other government around the world have
been and are selling those assets, is it? Because they were so well run?
You ignoramus!
> We have enough remnant Socialist
> regulation to save us from the worst excesses of Capitalist
> failure.
Nonsense. Few countries followed the approach of the capital markets in the
US of lending money backed by dubious security. You ignoramus!
> "Credit deal is agreed"
> - The Age 29/9/2008
>
> Other news
> * UK set to nationalize Bradford & Bingley bank
> * Fortis may get Belgian, Dutch bailout
a.k.a Worldwide failure of current-model Capitalism.
> "POLITICIANS in the United States last night made a
> breakthrough in talks to approve an unprecedented
> $US700 billion ($840 billion) plan to revive credit markets."
>
> The Rudd government team had it's package in place last week
> and was in NY negotiating with world leaders for a new
> Global regulatory framework at the same time. World Leaders
> covering 85% of the worlds banks are already committed to this
> vital first step in the New World Economic order. China has
> promised to help stabilize the world economy by continuing
> to maintain and expand production.
Look - for decades now right-wingers have been promoting some pretty
extremist stuff, focussed on de-regulation and privatisation.
As we all have seen over the years, privatisation is a byword for
corruption and inefficiency, with the capitalist system shying away
from the risks by making Government carry the burden of any failure in
the form of taxpayer-funded bail-outs.
And now we see the same applies to de-regulation: financial services
companies engage in risky practices and the consequences of failure
once again becomes taxpayer-funded government bail-out.
Sadly, it seems americans are far more on-the-ball than we aussies
today in scrutinising and criticising the legacy of all this failed
extremist capitalist ideology: we can hear americans asking their
politicians some tough questions, and we can hear those politicians
responding.
But here in Australia, extremist capitalism is still alive and well.
For example, why on earth do aussies still accept the blatant rip-off
that is the private health insurance industry? We pay our medicare
levy AND sur-charged unless we take out private health insurance,
which is over-expensive and provides hardly any useful cover -
privately-insured people pretend not to be when they go to public
hospitals to get their free healthcare, with the private health
insurance industry thus effectively fraudulently pocketing taxpayers'
money and handing it out to directors and shareholders instead of
spending it on medical care.
And when will we stop allowing government to impose on us all these
private roads complete with incomprehensibly byzantine toll collection
inefficiencies instead of simple taxpayer-funded road infrastructure
as dictated by common-sense?
The Chinese model is still running to Plan!(sic ;-)
They have promised (at the recent World Economic Conference,
in China ;-) to help stability in the Global economy
by maintaining production.
That should do it! B^D
>> "POLITICIANS in the United States last night made a
>> breakthrough in talks to approve an unprecedented
>> $US700 billion ($840 billion) plan to revive credit markets."
>>
>> The Rudd government team had it's package in place last week
>> and was in NY negotiating with world leaders for a new
>> Global regulatory framework at the same time. World Leaders
>> covering 85% of the worlds banks are already committed to this
>> vital first step in the New World Economic order. China has
>> promised to help stabilize the world economy by continuing
>> to maintain and expand production.
>
> Look - for decades now right-wingers have been promoting some pretty
> extremist stuff, focussed on de-regulation and privatisation.
Victorian State Electricity Commission, run efficiently by
engineers for decades, Privatized and placed in the hands of
the Shiny Suit Bean Counters:
http://www.news.com.au/common/imagedata/0,,5762277,00.jpg
"We need to be more like America" BWAAAAAAAAAAAAAAAAHAHAAHAHAA!
> As we all have seen over the years, privatisation is a byword for
> corruption and inefficiency, with the capitalist system shying away
> from the risks by making Government carry the burden of any failure in
> the form of taxpayer-funded bail-outs.
I'm a mixed economy man. Happy to use a market as the basic engine,
but I want an accelerator, a gearshift a steering wheel,
and a cruise control..
I want a governor on a steam engine, and a sophisticated monitoring
and control system on a nuclear reactor.
I like power generation.. but I like staying alive even more.
> And now we see the same applies to de-regulation: financial services
> companies engage in risky practices and the consequences of failure
> once again becomes taxpayer-funded government bail-out.
In some cases the most effective regulation is simply OBSERVATION.
Monitoring processes can generate warnings, in this way the state
can provide independent audit on processes and ENHANCE the operation
on the market.. because in theory a market needs PERFECT INFORMATION,
and it usually doesn't have it.
> Sadly, it seems americans are far more on-the-ball than we aussies
> today in scrutinising and criticising the legacy of all this failed
> extremist capitalist ideology: we can hear americans asking their
> politicians some tough questions, and we can hear those politicians
> responding.
While not wanting to discourage critical analysis in Oz,
the Americans have more questions and more need to ask them!
e.g. the one that Hillary LOUDLY asked.. how come the worlds
richest nation has shit health care! 8^o
> But here in Australia, extremist capitalism is still alive and well.
Well, we have always been more regulated, and with a long tradition
of socialism, then the USSA, but lately we have been pushed to become
more like them, and at the moment they are keen to become more like us.
As for extreme capitalism it always does pretty well everywhere..
it's powered by Greed, more ubiquitous than Sunlight.
> For example, why on earth do aussies still accept the blatant rip-off
> that is the private health insurance industry?
Ah! My very example!
Even after the tories ripped into medicare and replaced
it with a partial imitation of American user-pays we
still have a better system than the poor Americans.
But the reason we still have a Private health industry,
according to the Liberals responsible for it, is that
we must do what they want.
The claim that if the government removes the medicare levy
(giving Australians an effective $1500 tax cut) and allow
people CHOICE.. they will choose to leave Private Health Care!
The Liberals on behalf of the private parasites they claim are unwanted,
has blocked the enabling legislation, FORCING AUSSIES to remain
customers of a scam the Lieberals admit we don't want and wouldn't
purchase unless the Lieberal NANNY STATE forced us to! B^p
> We pay our medicare
> levy AND sur-charged unless we take out private health insurance,
> which is over-expensive and provides hardly any useful cover -
> privately-insured people pretend not to be when they go to public
> hospitals to get their free healthcare, with the private health
> insurance industry thus effectively fraudulently pocketing taxpayers'
> money and handing it out to directors and shareholders instead of
> spending it on medical care.
Malcolm Turnbull and his mates force you to pay for the BMW's driven by
the CEOs of Private Fund scams, their marketing, sales, advertising
budget, administration bureaucrats, clerical staff MULTIPLIED BY
the number of Funds!!!!!
> And when will we stop allowing government to impose on us all these
> private roads complete with incomprehensibly byzantine toll collection
> inefficiencies instead of simple taxpayer-funded road infrastructure
> as dictated by common-sense?
PPPs cost the taxpayer BILLIONS in the long term.
Those scams RELY UPON the economic ignorance of
the target population .. the Sheeple being shorn.
---------
"Money is our god" - The First International Bank of the Golden Calf
--
Bang 'Em High For A Few Fistingful Of Hollars More - The Good, The Bad & The
RepUgly :)
And of course if we swallow the holocaust myth we are nicely sliced into
dont talk to corrupt Europeans unless of course they are jewish, then you
can believe they are pure as the driven snow and jews worldwide always keep
in touch.
President Andrew Jackson, the only one of our presidents whose
administration totally abolished the National Debt, condemned the
international bankers as a "den of vipers" which he was determined to "rout
out" of the fabric of American life. Jackson claimed that if only the
American people understood how these vipers operated on the American scene
"there would a revolution before morning."
Hoodwinked and hi jacked by Rothschild?
The establishment Times of London stated: "If that mischievous financial
policy which had its origin in the North American Republic [i.e. honest
Constitutionally authorized no debt money] should become indurated down to a
fixture, then that government will furnish its own money without cost. It
will pay off its debts and be without a debt [to the international bankers].
It will become prosperous beyond precedent in the history of the civilized
governments of the world. The brains and wealth of all countries will go to
North America. That government must be destroyed or it will destroy every
monarchy on the globe."
The Rothschilds and their friends sent in their financial termites to
destroy America because it was becoming "prosperous beyond precedent."
In December, 1861, large numbers of European Troops (British, French and
Spanish) poured into Mexico in defiance of the Monroe Doctrine. This,
together with widespread European aid to the Confederacy strongly indicated
that the Crown was preparing to enter the war. The outlook for the North,
and the future of the Union, was bleak indeed.
In this hour of extreme crisis, Lincoln appealed to the Crown's perennial
enemy, Russia, for assistance. When the envelope containing Lincoln's urgent
appeal was given to Czar Alexander II, he weighed it unopened in his hand
and stated: "Before we open this paper or know its contents, we grant any
request it may contain."
Unannounced, a Russian fleet under Admiral Liviski, steamed into New York
harbor on September 24, 1863, and anchored there, The Russian Pacific fleet,
under Admiral Popov, arrived in San Francisco on October 12. Of this Russian
act, Gideon Wells said: "They arrived at the high tide of the Confederacy
and the low tide of the North, causing England and France to hesitate long
enough to turn the tide for the North" (Empire of "The City," p. 90).
http://www.biblebelievers.org.au/slavery.htm
Congressman Charles Lindbergh put his finger firmly on the truth when he
stated,
just after the 'Federal' Reserve Act was passed by a depleted Congress
ALIEN CONTROL
Is US like Germany of the '30s? Published on Friday, June 11, 2004 by the
Chicago Sun Times by Andrew Greeley
http://www.commondreams.org/views04/0611-10.htm
The Daily Mail reported on 10 July 1933:
'The German nation, moreover, was rapidly falling under the control of its
alien elements. In the last days of the pre-Hitler regime there were twenty
times as many Jewish government officials in Germany as had existed before
the war. Israelites of international attachments were insinuating themselves
into key positions in the German administrative machine.'
Resentment and resistance began to build up against the alien horde and in
the year before Adolf Hitler came to power Bernard Lecache, President of the
World Jewish League, stated:
'Germany is our public enemy number one. It is our object to declare war
without mercy against her.'
On that same day, 24 March 1933, on the front page of the London Daily
Express appeared the main headlines: "Judaea declares war on Germany: Jews
of all the world unite", and followed with:
'The Israelite people of the entire world declare economic and financial war
on Germany. The appearance of the Swastika as the symbol of the new Germany
revives the old war symbol of the Jews. Fourteen million Jews stand as one
body to declare war on Germany. The Jewish wholesale dealer leaves his
business, the banker his bank, the shopkeeper his shop, the beggar his
miserable hut in order to combine forces in the holy war against Hitler's
people.'
The Jews declared war against Germany
On March 24, 1933, the Jewish World Congress, then under the leadership of
Chaim Weizman, declared war on Germany on behalf of the Jews of the world.
http://www.barossa-region.org/Australia/Holocaust-Calendar--July-1.html
http://www.nnseek.com/e/soc.culture.usa/the_jews_declared_...ch_24_1933_11619679m.html
The German government was removing Jews from influential positions and
transferring power back to the German people. This declaration of war by the
Jews on Germany was repeated throughout the world. The first boycott of
Jewish business concerns came after this Jewish declaration of war in April
1933.
http://www.historiography-project.org/misc/encampment.html
>
> Do try to keep up.
http://www.rense.com/general45/zzo.htm
The Zionist Jewish Role In - Causing World War II
"In 1941, a Jewish writer, Theodor N. Kaufman, wrote Germany Must Perish.
Kaufman set out a plan for the total destruction of the German population by
a very simple method: the mass sterilisation of all German men and women
between the age of puberty and sixty years."
From a pre-1993 edition of John Tyndall's Spearhead magazine
12-9-3
http://www.jca.apc.org/~altmedka/2003eng/engl-030617-5.html
Why Hitler Came to Power:
One Rabbi's Explanation - By Rabbi Dr. Manfred Reifer - We played with the
most holy possessions of the people and at times made fun of all that was
sacred to the nation
http://www.heretical.com/mkilliam/wwii.html
That second war was later made certain, not by the intentions of Hitler but
by the determination of his eternal enemies to destroy the new Germany that
he had created.
By the Treaty of Versailles on 28 June 1919 and the Treaty of St. Germain on
20 September of the same year, the German people were thoroughly humiliated.
The British Prime Minister, Lloyd George, wrote:
'The international bankers swept statesmen, politicians, journalists and
jurists all to one side and issued their orders with the imperiousness of
absolute monarchs.'
However, the Four Nations Pact was not to be. The Jews put an end to this,
for on 7 November 1938, a few weeks after the Munich Agreement and shortly
before the journey to Paris of the German Foreign Minister, Von Ribbentrop,
the Polish Jew, Herschel Feibel Grynszpan murdered the German Third
Secretary of State, Ernst von Rath, in the German Embassy in Paris. The five
bullets fired were the logical result of the Jews' declaration of war on
Germany of March 1933 and put an end to the effort being made to explain and
extend the importance of the Munich Agreement and the revision of the Treaty
of Versailles.
This assassination provoked anti-Jewish riots in Germany, with the burning
of synagogues and the looting and burning of Jewish shops. The anti-Jewish
riots inflamed public opinion in Great Britain and the USA against
Chamberlain's efforts to relieve Anglo-German tension. In the United States
Germans were assaulted and persecuted. The Jews began leaving Germany.
The Paris magazine L'Ami du Peuple wrote about them:
'These people fled from Germany because they attempted to set up a rule of
fire and blood and to let loose the horrors of civil war and universal
chaos.'
The American Secretary of State, James Forrestal, who later died in
mysterious circumstances, wrote in his Forrestal Diaries (Cassel and Co.,
London 1952):
'Have played golf with Joe Kennedy [US Ambassador in Britain, father of
President John Kennedy]. According to him, Chamberlain declared that Zionism
and world Jewry have obliged England to enter the war.'
The Jew, Schlomo Asch, in a pep talk to French troops in the line in Le
Nouvelles Litteraires (10 February 1940) wrote:
'This is our war and you are fighting it for us. Even if we Jews are not
bodily in the trenches we are nevertheless morally with you.'
On 8 October 1942 Sentinel magazine stated unequivocally:
'The Second World War is being fought for the defence and fundamentals of
Judaism.'
AMAZING ISNT IT??
WELL FOR YOU DRAGGING YOUR FEET READ ON TO BECOME WILLING SCAPEGOATS.
http://atheism.about.com/b/a/057831.htm?terms=published+book
thousands of Jews were not bothered by the Nazis or by the fate of their
"convicted" co-religionists. They went on with their daily lives in Germany
while the world was running amok about the "harsh treatment of Jews in
Germany." To illustrate the true "fate of the Jews," one has to look at some
of the prominent Jewish leaders living in Germany at the time.
These are very important questions, because so many prominent Jews survived
the alleged Holocaust. Simon Wiesenthal, Eli Wiesel, Leo Baeck, Max
Nussbaum, and so many more like them. As a matter of fact, approximately 4.5
million Jews "survived."
Why did Rabbi Baeck never leave the Third Reich, the land of concentration
camps and "gas chambers," with all the other 300,000 German Jews who were
allowed to leave for more lucrative lands?
By all accounts, Rabbi Dr. Leo Baeck must have had a very comfortable
existence under the National Socialist Government in Germany. Born in 1873
in Posen, he became a Rabbi in 1897 in Oppeln/Silesia. Interestingly, he was
a Rabbi in Berlin from 1912 until 1943, when he himself was interned at the
Theresienstadt camp, a camp where most of the prominent Jews and resistance
activists were housed. After the war Leo Baeck immigrated to England.
Why did Rabbi Baeck never leave the Third Reich, the land of concentration
camps and "gas chambers," with all the other 300,000 German Jews who were
allowed to leave for more lucrative lands?
Another question should be put to all those false Holocaust "experts" by
asking them how many Jews were gassed in Dachau? As a matter of fact, no one
was ever "gassed" in Germany, or in territories under German control, as has
been established in court
Then, when hundreds of thousands of civilians died in massive Allied bombing
and only then ... Rabbi Baeck got out. And where did he go? To
Theresienstadt, because the concentration camp was never bombed by the
Allies, and was the safest place for a Jew to be.
Why did Rabbi Baeck never leave the Third Reich, the land of concentration
camps and "gas chambers," with all the other 300,000 German Jews who were
allowed to leave for more lucrative lands?
Russian troops marched into Berlin on April 24, 1945, they found 800 Jews
alive and well in Berlin's Jewish hospital.
http://news.bbc.co.uk/onthisday/hi/dates/stories/april/21/newsid_3560000/3560175.stm
Lest you think there must be some truth to the alleged Treblinka holocaust
NAFCASH TM is offering a $250,000.00 REWARD
For locating JUST ONE of the alleged "HUGE MASS GRAVES" of Treblinka
NAFCASH TM presents
THE TREBLINKA CRIME SCENE INVESTIGATION CHALLENGE TM
You must scientifically - forensically prove the grave's EXACT location,
its EXACT dimensions and its EXACT volumetric density.
The cremated remains must total AT LEAST one percent of the alleged mass
murder.
JUST ONE MASS GRAVE! - JUST ONE PERCENT!
how nice for you, dear,, family is very important!
> Congressman Charles Lindbergh put his finger firmly
oh dear, ..lets see what's on the other channel <click>
> ALIEN CONTROL
wear your tinfoil hat!
<click>
>>Do try to keep up.
How much of an average human brain do you think is engaged when
reading one of your posts?
>
> - JUST ONE PERCENT!
So, you are not a COMPLETE idiot.
Sen. Jim DeMint, R-S.C., a leading conservative, must have been
ready to open his veins as he lamented the step was "leading us
into the pit of socialism."
Wow.. The US Senate has voted for Socialism, 74-25!!!
This is a historic day! 8^)
House to vote for Socialism on Friday! ;-)
Back on track:
--
-----------
"Ohhhhh Say can you see
By the dawns early light
The markets in panic
and Republicans take flight! "
-----------
"The Fundamentals of our Economy remain Strong" - John McSame,
Republican Candidate for the Presidency of the Derivative Ravaged,
Crisis torn, Economic Basket Case, The USSA!
http://www.geocities.com/townsville_taliban/endoscope.html
-----------
HAHAHHAHAHA , fucking talk about delusions of grandeur, no-one bothered
to listen to a word he said... He's got the same problem Keating had,
and should be put in his place like Keating was when Malaysia was asked
why they listened to the US but not us "because they are powerful, you
are not", and in the world arena despite Labor's delusions, that's not
too far off the mark. Keating finally realised that when like the
cowardly turd he is he grovelled back to Mahatir and apologised for his
comments. One of the most embarassing moments this nation has ever had,
not only did he stick his own cock so far down his throat that he fucked
us over diplomatically, he then had to back slide and complete the shame
by sucking Mahatir's cock afterwards.
What, you mean they finally realised what Australia realised a long time
ago??? That Capitalism and the market economy needs a healthy dose of
socialism to keep it on its' feet? Fuck, no revelation there.
Socialism has proven to be a totally failed experiment, Capitalism not
half as bad, but wont stand up by itself due to social turmoil that
it'll create without the support structure, but a good blend of the two
seems to do the job. Russia and China have both realised this, North
Korea is sinking economically because they refuse to do so, and the
lesser of the two evils (the capitalist societies) are starting to
realise that without a strong blend of socialism to underpin the
necessities they will gradually disintigrate too. Good thing Australia
worked that out way back huh?
It was worked out by Chifley during the war. But Chifley had the
advantage of huge sums of American money transfers to provide food to the
troops stationed here. Also, Britain paid Australia cash for food
delivered to London...if they made it past the U-boats.
This is how Australia became rich after the Depression, and gave Chifley
the confidence to try and socialise the economy.
So you have a very years of unusual wealth flowing in.
Then the Korean war gave another boost to the price of wool and made it
even richer for a few more years...again war years. This is when the
immigrants started to arrive from Europe and because they were all trained
in some trade or profession they gave another boost to the wealth.
It's easy to believe in the ideology of Socialism when you have a
fortuitous few years like that.
Then the shit hit the fan when the British joined the Common Market and
dropped the buying of meat and butter from Australia and New Zealand under
the Commonwealth Preference plan. It spelled the end of the easy
socialised life in Australia.
Then the 1973 OPEC oil shock stuck the knife in. Then Bob Hawke allowed
all our Manufacturing to go to Hong Kong. On top of that we had brainless
socialised academics bringing useless untrained brown people into the
country for ' diversity' who would never contribute the wealth but be a
constant financial imposition in those with a job.
Socialism was on the way out for Australians but transferred their wealth
creating brains contained in technology to the Chinese and saved them a
century or two of hard yakka and allowed them to become rich at our expense.
Good policy that!
As predicted, the House voted 263-171 for a Socialist
rescue package for failed Capitalism.
But just how good is Socialism? Can a mere $700 Billion
Socialist injection fix a $43 Trillion failure of Capitalism?
We will have to wait and see, but look at the reaction of
the Market Acolytes to it passing:
http://www.latimes.com/media/photo/2008-10/42727730.jpg
Hey, for a measly few MILLION dollars of state regulation
you could have avoided the WHOLE MESS!!! 8^o
And if this package was passed FIRST TIME, you would have
avoided the massive $1,200,000,000,000 Heart Attack the
market had earlier in the week!
The market clearly voted it's fear and loathing when this
bill was initially rejected, now we have endorsement of
a Socialist rescue by both the Economic AND the political
leadership in the USSA*.
Those of it's friends who have critically observed America
agree with the wise aphorism.. "America always does the
right thing, after it has tried everything else".
*Union of Socialist States of America.
The balance is restored, the old Soviet extreme collapsed
and moved to the moderate Mixed Economy centre, and now the
US has done the same.. both failed, because extremism is not
a comfortable place for human beings.
The US can apply this understanding to other areas, notably
foreign policy.. leave violent extremism to the fringe nutters
and terrorists.. return to walking softly, and carrying a big
stick.
There is noting wrong with negotiation, it's what nations always
return to AFTER WAR.. cut out the pain and suffering and do it
BEFORE resorting to war, especially on such flimsy pretexts as
"they have WMD's which threaten us" pffft!
Obama is right, America needs to recover the worlds RESPECT,
and the rest of the world wants to see it happen, we want
a balanced multipolar world, a number of large powers counter-
balancing each other, not one 2000lb Gorilla menacing everyone.
Oh, and GET BACK IN THE UN.. stop throwing rocks at the Sheriff
and back global Law and Order!
{sits back and waits to be told it's none of my business}
We live in One World, lots of ethnicities, nationalities,
economies, sexual preferences.. all inextricably linked,
all in the one boat.. no good pretending
the hole is just in 'my end of it', or 'yours'.