Is the US done? Is capitalism a failed ideology?

[Gedo_Boy]

Sadly, while most Americans are running around wondering what color blouse Cindy McCain will be wearing and whether or not Michelle Obama will come off as condescending during the next fake debate, they don't even begin to think about what the possible ramifications are for this so-called Wall Street Bailout.

I heard that the US deficit went from $8 trillion to $13 trillion since the beginning of this year and taxpayers will be forced to pay for this....I mean the next generations will eternally be paying the interest due from this debt. This will also cause the value of the dollar to go way down and inflation is heading skyhigh, although concealed in official figures.

These Wall Street firms are PRIVATE institutions. The US is abusing taxpayer rights by covering private debts with taxpayer $$$. What a serious indictment of free-market & capitalism. No wonder the World Bank & IMF never took anybody out of poverty.

People are now saying that the US is MORE Communist than China.

The only people still investing in this country are the Arabs (probably at gunpoint) and maybe 1 or 2 other sovereign wealth funds. China knows not to throw any more good money after bad and there is a gradual divestment from the dollar.

Some people are saying that we will be in martial law by 2009. I hear there are already troops being deployed to the US:

Pre-election Militarization of the North American Homeland. US Combat Troops in Iraq repatriated to "help with civil unrest"
http://www.globalresearch.ca/index.php? ... &aid=10341

[Cawar]

I dont know enough about economics to say that capitalism is a failure..
But it looks like the US is on the decline and not just in economic conditions.

Ppl have already predicted that China will be a great economic challenge to the US within the next 20-30 yrs..we might live to see them overtaking the super power throne.

[peace08]

Sadly, while most Americans are running around wondering what color blouse Cindy McCain will be wearing and whether or not Michelle Obama will come off as condescending during the next fake debate, they don't even begin to think about what the possible ramifications are for this so-called Wall Street Bailout.

I heard that the US deficit went from $8 trillion to $13 trillion since the beginning of this year and taxpayers will be forced to pay for this....I mean the next generations will eternally be paying the interest due from this debt. This will also cause the value of the dollar to go way down and inflation is heading skyhigh, although concealed in official figures.

These Wall Street firms are PRIVATE institutions. The US is abusing taxpayer rights by covering private debts with taxpayer $$$. What a serious indictment of free-market & capitalism. No wonder the World Bank & IMF never took anybody out of poverty.

People are now saying that the US is MORE Communist than China.

The only people still investing in this country are the Arabs (probably at gunpoint) and maybe 1 or 2 other sovereign wealth funds. China knows not to throw any more good money after bad and there is a gradual divestment from the dollar.

Some people are saying that we will be in martial law by 2009. I hear there are already troops being deployed to the US:

Pre-election Militarization of the North American Homeland. US Combat Troops in Iraq repatriated to "help with civil unrest"
http://www.globalresearch.ca/index.php? ... &aid=10341

sxb capitalism is not a failed ideology and it will remain for as long as there is two men in the world. and also china has only been Communist by name since 1979, to chinese slogan since 79 has been "to get rich is to be glorious" and capitalism is the only to achieve that

[zulaika]

[Grant]

The US was closest to pure Capitalism during the age of the robber barons, about 1880 through the beginnings of the Great Depression. After that, from the end of WWII until the beginning of Reaganomics, the US had as many socialist as capitalist tendencies. Beginning with Reaganomics, the move towards a bottom-line corporateocracy has meant that the government no longer enforces the labor laws, promotes the outsourcing of jobs to the lowest foreign bidder, and leaves the borders open to a foreign work force in order to lower domestic wages.

In a pure market system, the present financial crisis would weed out the bad actors and alllow better actors to come to the fore. This bailout is a socialist package that rewards the bad actors and stabilizes the corporateocracy. More than one economist is saying it is an unnecessary mistake. It is more corporate welfare, and it is killing the domestic cow.

Pure Capitalism has never existed, any more than pure Communism has. The most successful societies seem to combine a market economy with a mild to moderate form of government socialism. In the case of the US for the last 25+ years at least, the middle class has taken second and third place to corporate welfare, with the result that it has a diminished purchasing ability, is less well educated, and is less well able to contribute to R&D and compete in the contemporary world economy.

The focus and accomplishments that led to the national victory in WWII, after a long period of mixed, even pro-German sentiment, are about the only thoughts in my mind that are positive. It is going to take a visionary leader to get us out of this. Obama Hussein has got to win this next election. And even he is going to have his work cut out for him. The corps have dug this hole deep.

[Gedo_Boy]

Grant,

what makes you think that Obama is not beholden to the same people?

A free market economy would be ideal, but it was never a free market, never an even playing field. There was always manipulation, exploitation and corruption. Unfortunately now, the robber barons and politicians are indistinguishable.

[Gedo_Boy]

[quote="zulaika"][img]http://www.stopthehousingbailout.com/images/dog.png[/img][/quote]




"Put $700 billion in the bag and no one gets hurt."

[FAH1223]

Gedo Boy, you better vote in that battleground state

better yet give me your voting card and ID and I'll do it for you

I know where you live

[AbdiWahab252]

Grant,

I don't think Obama can do much in the way of radical reform. He can perhaps slow down the "race to the bottom" but as long as we believe in the illusion of the "American Dream", things will not get better.

[Gedo_Boy]

Obama can't target the real people who are doing all this because:

1. They are the ones who can get him elected. They get a firm deal from him b4 he even gets close to winning.
2. If he goes too far off the reservation, he will be shot just like JFK.

JFK did 2 things that really rocked the boat, and that was to try to prevent Israel from getting a nuclear weapon and also wanted to get rid of the Federal Reserve.

Currently, the money in America is printed by the Federal Reserve, who prints it out of thin air, charges it to the US Govt. as a debt, and collects interest on that debt. It is backed by nothing more than the 'full faith and credit of the US govt' which is nothing more than being backed by US industry & taxpayers. If it is backed by only that, who are these FedReserve people to be collecting interest on all the money they print?

The Bank of England was created on the same principle centuries earlier, and an initial 'loan' of 1.2 million pounds right now turned into hundreds of millions of pounds. This is partly why England rampaged the world from Africa, India China stealing resources just to service the interest on that ever-expanding debt.

This is part of the reason why these Zionists are so rich.

Do you think Obama can seriously do ANYTHING about that? He's sold his soul a long time ago and that explains where he is right now.

The most he can do is a few meaningless domestic initiatives, but NO WAY can he interfere with foreign policy or monetary policy, or he gets SHOT! He knows that too.

Read up on who is behind Obama, and he claims we should step up the fight in Afghanistan. Why? Wasn't it wrong when the British invaded Afghanistan? The Russians? So why is it right for the US to invade Afghanistan? It is being invaded for the same original geopolitical reasons as before, with now more importance on oil and Afghanistan being an oil corridor for Central Asian oil. He uses his Iraq stance to gain credibility in a very sneaky way, and it works for a lot of people.

Obama is no good, neither is McCain.

[zulaika]

"Put $700 billion in the bag and no one gets hurt."

LOL

who needs Hollywood movies when we can watch pure gangster capitalists pull a heist right before our eyes

[Gedo_Boy]

zulaika,

I"m starting to believe most Hollywood plots are based on a true story. Even the sickest ones. Sad, but true!

Even Silence of the Lambs was based on a real guy