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Crashing the American (and Western) Economy


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#1 Guest_Eagle Strike_*

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Posted 17 September 2008 - 08:21 PM

Remember when they said they were going to? Have they actually done it? I see no news on it. Would the media dare report it, or is there silence on the press's part?


ALso, look at Russia's stock market. Down drastically in the past 2 days. I bet they didn't see that coming. Capital is interlinked for better or worse. Where there is bleeding or opportunity in one area, capital shifts and moves at the speed of light. A lot of Western Capital was pulled out of Russia to help pour liquidity into our financial system to help it out, hurting many oligarch billionaires' wealth. Will Russia take this as an opportunity to further add fuel to the anti-American and anti-Western way?

#2 Newshound

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Posted 17 September 2008 - 08:57 PM

This article seems to add evidence to your theory Eagle Strike...

China paper urges new currency order after "financial tsunami"
Wed Sep 17, 2008 1:45am EDT

BEIJING (Reuters) - Threatened by a "financial tsunami," the world must consider building a financial order no longer dependent on the United States, a leading Chinese state newspaper said on Wednesday.

The commentary in the overseas edition of the People's Daily said the collapse of Lehman Brothers Holdings Inc (LEH.P: Quote, Profile, Research, Stock Buzz) "may augur an even larger impending global 'financial tsunami'."

The People's Daily is the official newspaper of China's ruling Communist Party, and the overseas edition is a smaller circulation offshoot of the main paper.

Its pronouncements do not necessarily directly reflect leadership views, but this commentary by a professor at Shanghai's Tongji University suggested considerable official alarm at the strains buckling world financial markets.

China's central bank earlier this week cut its lending rate for the first time in six years, a move analysts said was aimed at bolstering the economy and the battered stock market.

"The eruption of the U.S. sub-prime crisis has exposed massive loopholes in the United States' financial oversight and supervision," writes the commentator, Shi Jianxun.

"The world urgently needs to create a diversified currency and financial system and fair and just financial order that is not dependent on the United States."

But Vice Premier Wang Qishan, on a visit to the United States, told U.S. trade officials in a meeting on Tuesday that China and the United States needed to maintain close economic ties with global markets going through such turbulence.

"The Chinese government is well aware of the fact that the United States, which is the world's largest developed country, and China, which is the world's largest developing country, should have constructive and cooperative economic and trade relations," he said.

China is a major buyer of U.S. Treasury bonds, and through its sovereign wealth fund it has taken stakes in two large U.S. financial institutions.

In July 2005, China revalued the yuan and freed it from a dollar peg to float within managed bands. But the yuan and China's trade remains tightly linked to the fortunes of the dollar.

The commentary suggested China must brace for grave economic fallout and look to alternatives, saying the crisis brings to mind the Great Depression of the 1930s.

"Lehman Brothers announced bankruptcy will not only have a domino effect on the global financial world, it will bring a shock to the world economy," the front-page comment stated.

http://www.reuters.c...0080917?sp=true

#3 Guest_lancee_*

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Posted 17 September 2008 - 10:13 PM

Both interesting threads above,I can`t help but feel there is a bit of "natural selection" going on at the moment, in regards to the financial markets and the fallout.Of course much of the current problems can and have been exacerbated by foreign govts trying to bring about the so-called new fair and just financial order that the Chinese are so keen on.For a long time now among leftist western intellectuals there has been a cry for a new multipolar world order, this is no doubt a symptom of like minded international groups trying desperately to bring this about.
Despite all their best efforts the US economy remains sound and the total economy still is bigger than the next three biggest economies in the world.Fancy China thinking it should play a part in any new financial order, they are a third world country with nukes.

There is a growing number of intl bureaucratic elites that pose a existential threat to our western way of life and our continued western attitudes.

Another thing we need to ponder is what are all those drug cartels and gangsters sitting on bales and bales of American greenbacks going to be thinking when they hear these commie idiots spouting their rhetoric, why hasn`t someone recruited them to get rid of Chavez and the likes, because under the new Internationalist system those greenbacks will be worthless.Just a thought.

#4 bm_cali

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Posted 18 September 2008 - 12:17 AM

China's been slowly pulling the rug out for over a year. We finally noticed.

#5 Guest_lancee_*

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Posted 18 September 2008 - 06:45 PM

China's been slowly pulling the rug out for over a year. We finally noticed.


Has anyone considered that the actions of the US Fed are deliberate,think for a minute that just possibly the failure of Merril Lynch and others could be the way to cauterize a wound so deep it may be helpful longterm.First we need to consider that international companies such as Merril Lynch are real big in Asia and therefore are one of the conduits used to leach money and power away from the US and to other Capitals in the world like China .I am personally hoping that this is the case, but there is another dimension to all this and that is these huge intl corporations can be held responsible for much of the inflation happening, as they are so big they are deliberately manipulating and distorting commodity prices and markets determining global prices, think ENRON.Any foreign rivals or enemies would not find it too difficult to utilise big global corporates in any nefarious global project where they have been promised a big part in any new order to arise from the ashes of the previous order.
Wachovia and their actions spring to mind when thinking about this ,Wachovia Bank were involved not too long ago with an fraudulent buy/back scam involving the NZ govt and State Owned Enterprise ,namely power companies, this was a somewhat complex fraud allowing Wachovia to declare substantial losses and avoid paying US taxes,as far as I know no-one was prosecuted for any of this and was covered up.Another instance of perfidy on Wachovias part was the fact they were being investigated for money laundering in relation to South American drug cartels and their substantial fortunes.I do not know the outcome from this but maybe someone else here does.What this shows me is these outfits think they are a law unto themself and are not patriotic in the slightest and have no hesitation in cutting deals with foreign powers that ultimately undermine the very system they rely on to remain in business.
In todays national newspaper the NZ Superfund boss is talking about how the NZ Fund is designed to profit from situations such as the one unfolding now in the global markets,hmmm.What I do know about the NZ Fund is in the past they have colluded with other likeminded regimes globally to work together to manipulate and distort certain stock and share prices in the US market, this collaboration has involved the International Federation of Labour in the past and has definitely targeted Walmart to try and make them buckle to Union demands.Not too long back Eric Watson prominent on NZs richlist had a "cease and desist" order placed on him by the US securities commission and was under investigation by US Justice dept for unethical and deliberately manipulative trading behaviour in the USA, as far as I know nothing happened except he is banned from trading in the US, he lives in Europe now so there is nothing to stop him trading using proxies or shell companies.
Americans should be aware that there are people and nations acting in concert to try and bring a whole lot of hurt on your people and nation.These people hold a worldview where they think by ridding the world of the "Hyperpower" USA there will be no war, these people are not nobodies or cranks or loons these people are actually running countries right now ,a lot have had their worldview shaped by Vietnam and international socialism, and America in their minds poses the biggest threat to worldpeace.Of course their world peace means we will all have to succumb to a new international socialist world order, just think "gulag" this is what these idiots have in mind for us , if only they can get rid of that ravenous beast capitalism first, the US stands in the way.My apologies for not providing links to articles,it is beyond my control, as the articles I have made mention of are not available online , you see other countries are not as open or free as they pretend to the outside world ,NZ is one of these countries.Statolatry is coming your way soon America and he comes wearing the skin of a black man, it is all thinly veiled nazism and fascism,same language,environmentalism,healthy food,exercise and most of all the need to transcend notions of Class, capitalism stands in the way and must be removed.The "Third Way " is coming to town and won`t be stopped with words or petty legislative battles, it will take all out war to remove this cancerous tumour from the television screens and the feeble minds of men.
Hopefully this resonates with you all here as the obvious is hard to ignore, we ignore it at our peril.
In the past I have sent info to those in the States that should be concerned with issues I have mentioned above ,but of course I have no idea if it was taken seriously or not.Take care.

#6 Newshound

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Posted 19 September 2008 - 07:07 AM

Red ink and worthless paper everywhere. How many bullets does the Fed have left?

Treasury to Guarantee Money Market Mutual Funds

Filed at 7:43 a.m. ET

WASHINGTON (AP) -- The Treasury Department says it will tap into a Depression-era fund to provide guarantees for the nation's money market mutual funds.

Seeking to deal with a severe financial crisis, the department said Friday that for the next year the U.S. Treasury will insure the holdings of eligible money market mutual funds.

The money to insure the mutual funds will come from the Treasury Department's Exchange Stabilization Fund which was created in 1934 to provide support for the dollar.

Treasury took the action to stabilize the giant money market mutual fund industry after fears were raised about their investments earlier this week when Primary Fund announced that the value of its fund's assets had dropped to 97 cents for each $1 put in by investors, exposing them to losses.

This instance of "breaking the buck" marked only the second time since money market mutual funds were begun in the United States in 1970 that a fund couldn't assure clients of the full value of their investments.

President Bush has authorized Treasury Secretary Henry Paulson to use up to $50 billion from the Exchange Stabilization Fund to provide the guarantees, Treasury said in a statement.


http://www.nytimes.c...agewanted=print

#7 Jeffboyrd

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Posted 19 September 2008 - 11:38 PM

Who is making all these financial decisions? The government is going to pump in 1 trillion dollars of worthless paper into the economy? This is insane! I do not know much about economics, but it seems like we are propping up a dead horse. We have no real assets, No oil, no gold no heavy industry anymore. I can't drive my computer or burn it for fuel. The information society we now live in is worthless. No one in Washington knows what TFP is. No one of importance can help us now.

Gods, and Generals hold men's fate in their grasp.


#8 Guest_Eagle Strike_*

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Posted 20 September 2008 - 09:25 AM

Who is making all these financial decisions? The government is going to pump in 1 trillion dollars of worthless paper into the economy? This is insane! I do not know much about economics, but it seems like we are propping up a dead horse. We have no real assets, No oil, no gold no heavy industry anymore. I can't drive my computer or burn it for fuel. The information society we now live in is worthless. No one in Washington knows what TFP is. No one of importance can help us now.



I took Economics as my major for undergrad. One thing I learned is that when something is ailing and is about to die you let it happen. You do no throw good money after bad as you are only either prolonging their death or face something worse down the road. One thing about capitalism is that it is resilient. Sure there might be some down cycles, but if you let it play out things would return to normal. Instead we are getting leaders who have too much power, and billionaires who own the politicians to help them get bailed out for their excesses and greed...when the government should have been seizing their personal assests and made them do the perp walk.

Since our stupid government opted to do this, we will now face something far worse. The amount of fiat money (i.e. fake...let's be honest, we have been off the gold standard now for nearly 4 decades) that has been pumped into and will be pumped into the system may make the Weimar Republic hyperinflation look like kindergarten.

To add....as the reserve currency....the US dollar had certain priviliges and distinct advantages that were unique to this setup and for our economy post gold standard. Now, we blew it. We have absolutely blown it and we will all soon be hit hard in everything we buy.

#9 Guest_lancee_*

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Posted 20 September 2008 - 07:40 PM

I took Economics as my major for undergrad. One thing I learned is that when something is ailing and is about to die you let it happen. You do no throw good money after bad as you are only either prolonging their death or face something worse down the road. One thing about capitalism is that it is resilient. Sure there might be some down cycles, but if you let it play out things would return to normal. Instead we are getting leaders who have too much power, and billionaires who own the politicians to help them get bailed out for their excesses and greed...when the government should have been seizing their personal assests and made them do the perp walk.

Since our stupid government opted to do this, we will now face something far worse. The amount of fiat money (i.e. fake...let's be honest, we have been off the gold standard now for nearly 4 decades) that has been pumped into and will be pumped into the system may make the Weimar Republic hyperinflation look like kindergarten.

To add....as the reserve currency....the US dollar had certain priviliges and distinct advantages that were unique to this setup and for our economy post gold standard. Now, we blew it. We have absolutely blown it and we will all soon be hit hard in everything we buy.


Hi ES, as a student of economics you will know the troubles in the financial sectors are not in any way the fault of capitalism,the blame for all this lies squarely on the shoulders of one John Maynard Keynes as it is the Keynesian philosophies that hold sway today and have done for decades.People should be aware that it was not the less regulated part of the economy to fail but the most heavily regulated part of the economy ,this tells us that over regulation is worse than under regulation, also by doing this they do not allow for the natural expansion and contraction of these sectors which is normal to any system.What we see from this is not a failure of capitalism but the absolute failure of socialism and all its thinking.Socialism teaches that we can all be equally rich even if we do nothing for those riches, when any economy moves away from producing stuff there will be serious problems.One conclusion I can reach is the desperate measures being taken to introduce a Emissions Trading Scheme and Carbon taxes is down to one thing, the govt knows there is little left in the way of big industry to tax so they need to find a new way to keep themselves in jobs and privilege , they need to create a new tax regime where they can skin us all alive to continue to justify their own existence and that of the huge bureaucracy they wield, what better way could there be than to charge us all for breathing, cos no matter how you spin it ,emissions trading and carbon trading is all about making us pay to breathe.Nazism and fascism both used the environmental issues as major parts in their platforms for gaining power.The left today are using all the techniques and language of the Nazis and fascists.

Hopefully common sense makes an appearance soon, and allows for the corporates to take the fall when they need to take a fall so that things can correct themself as they should.Central Banks with their interventionism can be seen as part of the problem.In the case of the trillion dollar US bailout it is essential ,but new thinking needs to bought to bear, it will take time as these things cannot happen overnight, there definitely needs to be an overhaul of the economics depts in College.Keynes is dead and the sooner we realise this the better off all of us will be.Economic rationalism needs to be back in fashion ,not this stale old Keynes crap, where every thing needs to be under the tight control of central bankers, this serves to suffocate the natural capitalist instincts in man, and capitalism is a moral philosophy all on its own ,its when you throw in the imported poisonous political philosophies of socialism you are heading for trouble.
Take care.

#10 Guest_Eagle Strike_*

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Posted 20 September 2008 - 09:06 PM

Hi ES, as a student of economics you will know the troubles in the financial sectors are not in any way the fault of capitalism,the blame for all this lies squarely on the shoulders of one John Maynard Keynes as it is the Keynesian philosophies that hold sway today and have done for decades.People should be aware that it was not the less regulated part of the economy to fail but the most heavily regulated part of the economy ,this tells us that over regulation is worse than under regulation, also by doing this they do not allow for the natural expansion and contraction of these sectors which is normal to any system.What we see from this is not a failure of capitalism but the absolute failure of socialism and all its thinking.Socialism teaches that we can all be equally rich even if we do nothing for those riches, when any economy moves away from producing stuff there will be serious problems.One conclusion I can reach is the desperate measures being taken to introduce a Emissions Trading Scheme and Carbon taxes is down to one thing, the govt knows there is little left in the way of big industry to tax so they need to find a new way to keep themselves in jobs and privilege , they need to create a new tax regime where they can skin us all alive to continue to justify their own existence and that of the huge bureaucracy they wield, what better way could there be than to charge us all for breathing, cos no matter how you spin it ,emissions trading and carbon trading is all about making us pay to breathe.Nazism and fascism both used the environmental issues as major parts in their platforms for gaining power.The left today are using all the techniques and language of the Nazis and fascists.

Hopefully common sense makes an appearance soon, and allows for the corporates to take the fall when they need to take a fall so that things can correct themself as they should.Central Banks with their interventionism can be seen as part of the problem.In the case of the trillion dollar US bailout it is essential ,but new thinking needs to bought to bear, it will take time as these things cannot happen overnight, there definitely needs to be an overhaul of the economics depts in College.Keynes is dead and the sooner we realise this the better off all of us will be.Economic rationalism needs to be back in fashion ,not this stale old Keynes crap, where every thing needs to be under the tight control of central bankers, this serves to suffocate the natural capitalist instincts in man, and capitalism is a moral philosophy all on its own ,its when you throw in the imported poisonous political philosophies of socialism you are heading for trouble.
Take care.



I agree....the Fed and government (i.e. State intervention/Keynesian Theory as you point out) has failed. It is too cozy with Wall St and works on its wims. I am more in tune with the "Austrian School" economists.

$1 Trillion dollar bailout...My God...its probably gonna be one of our nails in the coffin.

Also let us not forget George Washington's farewell address....

I have already intimated to you the danger of parties in the State, with particular reference to the founding of them on geographical discriminations. Let me now take a more comprehensive view, and warn you in the most solemn manner against the baneful effects of the spirit of party generally.

This spirit, unfortunately, is inseparable from our nature, having its root in the strongest passions of the human mind. It exists under different shapes in all governments, more or less stifled, controlled, or repressed; but, in those of the popular form, it is seen in its greatest rankness, and is truly their worst enemy.

The alternate domination of one faction over another, sharpened by the spirit of revenge, natural to party dissension, which in different ages and countries has perpetrated the most horrid enormities, is itself a frightful despotism. But this leads at length to a more formal and permanent despotism. The disorders and miseries which result gradually incline the minds of men to seek security and repose in the absolute power of an individual; and sooner or later the chief of some prevailing faction, more able or more fortunate than his competitors, turns this disposition to the purposes of his own elevation, on the ruins of public liberty.

Without looking forward to an extremity of this kind (which nevertheless ought not to be entirely out of sight), the common and continual mischiefs of the spirit of party are sufficient to make it the interest and duty of a wise people to discourage and restrain it.

It serves always to distract the public councils and enfeeble the public administration. It agitates the community with ill-founded jealousies and false alarms, kindles the animosity of one part against another, foments occasionally riot and insurrection. It opens the door to foreign influence and corruption, which finds a facilitated access to the government itself through the channels of party passions. Thus the policy and the will of one country are subjected to the policy and will of another.


The hands...and let it be known they are corrupt hands...of Congress are to blame as well.

#11 Guest_lancee_*

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Posted 21 September 2008 - 05:51 PM

Good stuff ES,reaffirms my belief Washington was a man of rare intelligence and insight.

Take care

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Posted 22 September 2008 - 12:08 AM

HI ES maybe it is about time to pull out a copy of Friedrich Von Hayek seminal book "Road To Serfdom". Very good read that really explains things all the way back to the crash in second world war and the way economics played a big part in the turmoil, and makes it clear where we are headed currently in the west.The title of the book really says it all.
Has anyone else read this?

#13 Rocky

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Posted 22 September 2008 - 05:29 AM

Nyquist has hit the nail on the head in his latest. Russia has told Europe to stay out of the way as it deals with America at the latest NATO meeting! Note how crashing the dollar leads to oil shortages and a weakened military and collapsed economy.

http://www.financial.../2008/0919.html

I will post a couple of paragraphs:

“If the United States went bankrupt the following sequence would occur: The U.S. government would lose its credibility, the country’s currency would fail and imports could not be maintained – especially oil imports. There would be shortages. But the sequence doesn’t end with shortages. It doesn’t end with mere economic loss. When the financial structure collapses, the national security structure collapses. Then nothing will restrain the military power of Russia and China.”

“A few days ago Russia’s representative to NATO, Dimitry Rogozin, made a striking statement. He warned that the Europeans risk war if Georgia joins the alliance. “We will terminate all contact with NATO because we cannot cooperate with an organization which supports an aggressor against us. If NATO makes another mistake in its relations with the East, we will be unable to continue our relations. Our people will not understand. For us, it is a ‘red line.’” He then characterized Mikhail Saakashvili as a war criminal and “puppet of the United States.” Rogozin warned that Europe should stay out of the “somebody else’s war, which is a war against Russia.”

What did Rogozin mean by this? If the Europeans know what is good for them, they will leave the Americans to fend for themselves. In other words – Europe must break with the United States. The real conflict is between Russia and America. Europe need not get involved. The Kremlin’s position was clarified recently by Prime Minister Putin. He said that George Bush was a good man, but that George Bush was no longer in charge of the U.S. government. Evil advisors have taken over in Washington, and these must be dealt with.”

(and one more)

“America’s financial collapse threatens to uncork the totalitarian genie from its bottle. I believe it is too late to stop the worst from happening. The sequence has begun. The Kremlin knew that a financial crash was about to take place. They’ve been waiting on it. They are prepared to exploit it. And the Americans are completely oblivious. They are utterly unprepared.”

#14 bm_cali

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Posted 23 September 2008 - 02:50 PM

It would take a great measure of courage, not to mention, an amazing ability to sell the American masses on new (but actually, old, old) concepts, in order to do the right thing.

And what is that?

1) Final and total divergence from the sick and long term non viable "New Deal" mixed economy.

2) Final and utter repudiation and discrediting of egg headed Keynesian notions.

In order to do this, we'd have to tolerate very high unemployment, and economic chaos, for up to 5 years. In the end, however, would emerge what our Founding Fathers intended, from an economic (and for that matter, political) perspective.

When you read about the first 20 years of the US, you quickly realize that we were the most frugal Western power ever to exist. How sad that we let it get distorted. The good news is, restoration is still possible.

Let us pray for Divine Providence.

#15 SJL

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Posted 24 September 2008 - 04:17 PM

I think we are going to see calls to join the Euro currency whore of BAbylone. After all, France has been running Airbus and what not like this for ever, bail out after bail out, benefiting the feminists looking for gov thugs/pimps to back their investments instead of good prophets - knee jerking. Look at their army now.

Meanwhile Russia is hoarding metals and has turned to the fascist economy, hoarding profitable companies.

It would take a great measure of courage, not to mention, an amazing ability to sell the American masses on new (but actually, old, old) concepts, in order to do the right thing.

And what is that?

1) Final and total divergence from the sick and long term non viable "New Deal" mixed economy.

2) Final and utter repudiation and discrediting of egg headed Keynesian notions.

In order to do this, we'd have to tolerate very high unemployment, and economic chaos, for up to 5 years. In the end, however, would emerge what our Founding Fathers intended, from an economic (and for that matter, political) perspective.

When you read about the first 20 years of the US, you quickly realize that we were the most frugal Western power ever to exist. How sad that we let it get distorted. The good news is, restoration is still possible.

Let us pray for Divine Providence.


The Global Warming hoax and the AIDS epidemic point to the idea that words in contracts matter, that behaviors matter, that health care cannot be free because people who have bad and corrupt behavior "bailed out" get worse.

I hope there's a seed of health in America which gives it confidence to not go the suicidal way and gain in faith. It's all about making the right simple choices and things can turn good virtualy overnight. To further endebt others because of lack of nail polish is ridiculous at this point in time.

#16 Jeffboyrd

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Posted 24 September 2008 - 09:46 PM

I am by no means a financial genius, but isn't there a money trail of where the foreign investors have shifted their funds? Can't our government follow the example of those who are bailing out on us?

I think that these so called economic experts really have the most shortsighted myopic vision imaginable. Can't see the forest for the trees. Wherever the enemy has hedged their bets; gold, oil, and strategic minerals that is where we should be. A trillion paper dollars is a little too late, and won't work in the real world. I would like to open the window on the 75 th floor to let some of the wall street types get a little fresh air and perhaps a nudge.

Gods, and Generals hold men's fate in their grasp.


#17 markolinux

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Posted 25 September 2008 - 07:53 AM

China's been slowly pulling the rug out for over a year. We finally noticed.

I think the speed has just shifted from "slowly" into a higher gear. Not only has America been painted as the root cause of the world's geopolitical woes over the past decade or so, but it is now being painted as the root cause of the world's financial woes in a way that has not been seen before. We've always been looked at that way by radical, crypto-communist and anarchist groups, but this view is now mainstream in the world's sea of opinion. This is a sea change; a bellwether of things to come.

This is an open manipulation of world opinion and psy-ops implementation on a global scale - that as far as I know has never been seen before to this degree. These measures have been implemented - as we have long stated here - to justify the exact types of things that the Chinese banks are now being told to do. Do not be surprised as other banks follow.

Time is short. If we somehow manage to stave off the inevitable, take advantage of that window of opportunity and prepare.

--marko


China banks told to halt lending to US banks-SCMP

http://www.reuters.c...K16693720080925

BEIJING, Sept 25 (Reuters) - Chinese regulators have told domestic banks to stop interbank lending to U.S. financial institutions to prevent possible losses during the financial crisis, the South China Morning Post reported on Thursday.

The Hong Kong newspaper cited unidentified industry sources as saying the instruction from the China Banking Regulatory Commission (CBRC) applied to interbank lending of all currencies to U.S. banks but not to banks from other countries.

"The decree appears to be Beijing's first attempt to erect defences against the deepening U.S. financial meltdown after the mainland's major lenders reported billions of U.S. dollars in exposure to the credit crisis," the SCMP said.

A spokesman for the CBRC had no immediate comment. (Reporting by Alan Wheatley and Langi Chiang; editing by Ken Wills)

--+------

U.S. to lose financial superpower status: Germany

By Noah Barkin

http://www.reuters.c...0080925?sp=true

BERLIN (Reuters) - Germany blamed the United States on Thursday for spawning the global financial crisis with a blind drive for higher profits and said it would now have to accept greater market regulation and a loss of its financial superpower status.

In some of the toughest language since the crisis threw Wall Street banks into financial disarray earlier this month, German Finance Minister Peer Steinbrueck told parliament the turmoil would leave "deep marks" on both sides of the Atlantic, but called it primarily an American problem.

...

The German views were echoed by leaders of governments from around the world meeting this week at the United Nations in New York. Many sharply criticized the George W. Bush administration's financial record and warned that U.S. financial mistakes now threatened the global economy.

...
-marko-

"...in the end, the Shadow was only a passing thing; there was Light and high beauty forever beyond its reach." --The Return of the King

#18 massrepublican

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Posted 26 September 2008 - 12:13 PM

If you havent already read Atlas Shrugged, very telling, albeit fictional. Written over 50 years ago.

#19 Adonaicole

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Posted 26 September 2008 - 02:38 PM

but called it primarily an American problem.


They all laugh at America's demise, till they realize their freedom and prosperity was tied to US, then they will cry and no one will hear.

#20 Guest_lancee_*

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Posted 26 September 2008 - 06:42 PM

They all laugh at America's demise, till they realize their freedom and prosperity was tied to US, then they will cry and no one will hear.


You are right of course Adonaicole ,but then the forces at work here ,namely the neo,quasi and crypto communists know this only too well.As Markolinux earlier post says we are right in the middle of a massive psychological warfare information effort, all made so much easier now that the mainstream media all produce waht can only be called churnalism, journalism is a long forgotten art.
The trouble is the west have had an information war waged on them for so long the people have been turned into a parrotlike instrument of the left, most ordinary folk are like the nodding nod you see in the back window of a car,we are told who to vote for ,who to believe, what to say ,what to think, the enemy really hasn`t left anything to chance.It is fair to say the west has allowed our countrys to be turned into reeducation camps of leftist groupthink.
I guess this is what happens when we choose the path of serfdom,socialism and all the other contagious diseases of the mind attributable to the Left.

Here in NZ we have been brainwashed to believe everything bad happening economically can all be blamed on those bad Americans, so you can see we are being prepared psychologically for the end of America, this will be happpening everywhere else in the English speaking world.It is too hard for people to think for themselves anymore when they have had some insipid highbrow halfwit on television doing it for them for so long.Besides all this how could our economies problems be our own faultless socialist govts fault, NZers are the only ones in the world that know how to run the world.Things aren`t helped either by the fact that the media love to portray Americans as overweight and lower than average IQ, this is done to make us feel superior in some way I spose.We haven`t been to the mooon ,you have ,the Chinese are only in space cos of all the high tech they stole from you, yet our media portray China as some sort of miracle because they are in space.It is all so suicidal ,it is impossible to believe these people are even sane.

Take care.