The Depression. What happened, is happening, will happen

[4321lynx]

And who is (still) running US Foreign Policy.

Warning: this is a heavy read.
Those that think legalisation of pot is the most pressing matter before the people of the USA probably should not bother with it. Keep inhaling.

http://informationclearinghouse.info/article22326.htm

The title is:

Regional Wars & the Decline of the US Empire.

[Worldtraveller]

Started reading it. Will have to finish it later. Thanks for the link.

[boneyard bill]

And who is (still) running US Foreign Policy.

Warning: this is a heavy read.
Those that think legalisation of pot is the most pressing matter before the people of the USA probably should not bother with it. Keep inhaling.

http://informationclearinghouse.info/article22326.htm

The title is:

Regional Wars & the Decline of the US Empire.

This is really just too long of a read. I read through some of it. It appears to be some sort of crypto-Marxist screed. I suspect it's mostly nonsense, and I don't want to waste all that time on a project that turns out to be pretty useless. I'll confess, however, that the author is informed enough to sound like he is making an intelligent case. If you want to summarize its contents, you might get someone who would be willing to discuss it further.

[Uthgar the Brazen]

Skipped to the end:

Zionists in power, means that the US empire will continue to energetically and aggressively pursue military confrontations and regional wars in the Middle East at the behest of Israel. At no point has the Zionist-dominated White House or Congress questioned the exorbitant costs of serving Israeli interests – even in the midst of a major economic depression. Virtually the entire major media establishment and all 51 Major American Jewish Organizations, which are pressing for blockades, sanctions and preemptive war against Iran, are free to ignore the tremendous loss and suffering that this diversion of billions of US tax dollars from domestic investment to wars for Israel has caused to the American people. Zionist control over White House Middle East policy ensures that the US will be mired in endless wars in the Persian Gulf and South Asia because Israel has an open-ended military agenda encompassing the entire region and an army of agents willing and able to impose this agenda on the American government.

It's the jews! Kthx!

:rolleyes:

[boneyard bill]

Skipped to the end:

Zionists in power, means that the US empire will continue to energetically and aggressively pursue military confrontations and regional wars in the Middle East at the behest of Israel. At no point has the Zionist-dominated White House or Congress questioned the exorbitant costs of serving Israeli interests – even in the midst of a major economic depression. Virtually the entire major media establishment and all 51 Major American Jewish Organizations, which are pressing for blockades, sanctions and preemptive war against Iran, are free to ignore the tremendous loss and suffering that this diversion of billions of US tax dollars from domestic investment to wars for Israel has caused to the American people. Zionist control over White House Middle East policy ensures that the US will be mired in endless wars in the Persian Gulf and South Asia because Israel has an open-ended military agenda encompassing the entire region and an army of agents willing and able to impose this agenda on the American government.

It's the jews! Kthx!

:rolleyes:

Actually, this part doesn't seem all that far out to me. He doesn't blame "Jews." He blames "Zionists." That's hardly the same thing. Henry Kissinger is a Jew but not a Zionist. Rahm Emanuel, Obama's Chief of Staff, is a Jew and a Zionist. Rush Limbaugh is not a Jew, but he is a Zionist.

However, it didn't appear to me that most of this post was about foreign policy. It seemed to mostly about the current economic situation.

Unquestionably, the US cannot afford its present interventions or even its present empire of 700+ overseas military bases. But these policies and these bases are relevant to the defense of Israel.

[premjan]

Maybe some of the Zionists are too strident, but I don't see why they should be blamed for the depression. Certainly the US is to blame for hewing to policies that led to its own economic downfall.

[Harry Bosch]

Maybe some of the Zionists are too strident, but I don't see why they should be blamed for the depression. Certainly the US is to blame for hewing to policies that led to its own economic downfall. Economic downfall? You think that it's over for us??? I think that we've hit bottom and things are greatly looking up. IMO, the doomsayers will be wrong again - as they always are.

[boneyard bill]

Maybe some of the Zionists are too strident, but I don't see why they should be blamed for the depression. Certainly the US is to blame for hewing to policies that led to its own economic downfall. Economic downfall? You think that it's over for us??? I think that we've hit bottom and things are greatly looking up. IMO, the doomsayers will be wrong again - as they always are.

Don't you think it's a little premature to call this the bottom? I know there are a couple of economists out there who are saying that, but they're a tiny minority. Not that economists get it right very much anyway. Why do we have this big stimulus package if the we've already hit bottom? There hasn't been any time to spend the money. Why don't we repeal it and save ourselves some cash?

The doomsayers will be right. The only question is when. We've got $11 trillion sitting around overseas that foreign central banks don't want. That figure has been growing at the rate of $900,000 a year. We aren't close to closing our balance of accounts gap. Our budget deficits are expected to reach $2 trillion a year for the foreseeable future. Medicare has already become a drain on the US Treasury and Social Security will become so in the very near future. This kind of profligacy cannot be sustained. What happens when we can't pay the interest on the national debt?

[premjan]

Downfall doesn't have to mean permanent destruction I think. But it is a case of all the pine being sent flying.