re: The China economic miracle

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Keep them mired in a sophomoric republican vs democrat, liberal vs rightwing format while the leaders of both parties continue business as usual.

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Exactly all the say see is left vs right. They are under the illusion that we are under a free market. They see us pointing to China as a good example and just say " Hey they're communist, here in the good old USA we have a free market" Which in reality we are being sold down the river by private bankers everyday.

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Chinese banks work for the people rather than the reverse. So says Samah El-Shahat, a presenter for Al Jazeera English who has a doctorate in economics from the University of London.

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Of course it is never the right link or source either. If you don't like the message, kill the messenger especially if he is one of them thar towel boys which are now taking the place of the huns, Russkies , commies and hippies.

Protecting the banker overlords has never been an easy job. You have to be disingenous or half asleep.

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Supa did you move this thread to MT? There is so much Chinafail here it's actually sad.

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I think he meant it as punishment for us....

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Keep them mired in a sophomoric republican vs democrat, liberal vs rightwing format while the leaders of both parties continue business as usual.

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This

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TX Tiger

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OK...WHO FORGOT TO LOCK THE DOOR BETWEEN HERE AND THE POLI BOARD?!?

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Supa did you move this thread to MT? There is so much Chinafail here it's actually sad.

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yeah i hoped you guys would play with what (based on this thread) appears to be a 2nd yr political science student

You are kind of asleep behind the wheel aren't you cowboy"

It was always about the money.

The Serving Armies of The Standing Bankers.


"One would be a fool to think that because they could see the delusions and denial of those around them that they were free of some degree of the same. You can’t occupy a human body with its sensory apparatus and be free of it. Even if you were free of delusions about the nature and operations of the manifest world you would not be free of delusions about yourself. Even an awareness of the world is a delusion because it indicates a state of dreaming that doesn’t exist, except as a projection upon a blank screen. The screen is real, the projection is not.


However, even if the pool a man is drowning in is not real, this does not mean you should not try to pull him out of it. His suffering is real to him, even if he is in denial about it.


I know that agents of the American and Israeli government were the authors of 9/11. I know this. Many others know this. Then there are those who buy the official line which is impossible. The very fact that no jets were scrambled during the event points to government complicity. The free fall of three buildings into their own footprints and the evidence of nano-thermite prove controlled demolition. Consider these things in a court of law.


Why then do seemingly intelligent people resist the obvious truth? Let’s give an example of a personality type. Let’s take a man who went to war in Vietnam or Iraq under the illusion that he was fulfilling some patriotic duty to a democratic country. We’ve since learned that the Vietnam War and the Iraq War, like nearly all wars, were the brain child of bankers who initiated them for profit. Let’s consider that the so-called democratic country is not, in fact, a democratic country but a serf nation in fealty to a collection of bankers called The Federal Reserve. All of the representatives of this serf nation are employed by the bank and serve at the pleasure of the bank. John Steinbeck illustrated the nature of the bank in his wonderful novel, “The Grapes of Wrath”. Today you see the reality of ‘the bank’ at work in wars for profit, in foreclosures and corporate thefts as well as the tightening of counterfeit, fiat currency flow into the economy.


This man who went to Vietnam has bought into his own sense of sacrifice and whatever idea of manhood he thought he got out of it. He even wallows in the injustice of his state, given how the war ended and the public’s view of it. It defines him to himself. He’s listening to Bruce sing, “Glory Days” on the bar stool of his dotage. He went from soldier to college graduate and into a field that relied on the serf nation for his employment. He bought into the system and served the system, continuing to believe that there are good wars and that his nation is a democratic one. He seeks justice in the system believing that the public interest is served. In reality, the poor usually go to jail and the rich stay out or spend their time in a country club. If he looks clearly at it he cannot justify his position with his conscience so he becomes philosophical and interprets everything that happens within a fantasy construct the same way he did with Vietnam.


Deep inside this man strives to believe that he is a hero. He rocks along with John Fogerty and never hears a word. All across this democratic land, there are men and women like him. They are lawyers and businessmen; politicos, doctors, engineers, teachers and whathaveyou and they all work for the system. The system allows only so much in the way of personal or reactive thought and action. When you’re heavily involved in it and in debt to it, it owns you… no matter what you tell yourself. It owns you. You can’t act outside of it and you can’t speak against it or yonder looms the highway and the sleeping bag under the overpass. This living state of compromise and hypocrisy in the service of a confined, personal survival is untenable to a real person. A real person doesn’t ask themselves the cost of truth. They pay the toll.


No one wants to have to accept that they went to war or that their children died in wars that existed only for the profit of bankers or the pressures of a foreign nation who control the banks that start the wars. No one wants to be put into the position where they jeopardize their position by speaking out against lies and hypocrisies, so they pretend they don’t exist while the very thing stares them in the face. This is how you die inside. This is how you lose your youthfulness and all of the finer qualities that made you who you think you are but no longer are because these finer qualities will not stay in the heart of a man who is false to himself.


How is it that a man can think himself brave by going to war for bankers and not find himself capable of going to war for the very essence of what these false wars were presented as being about? All the phony medals and awards of this phony world are useless except in the company of other men and women who lie to themselves. They think they are honest yet they embrace dishonesty at every turn. They think they are brave yet they kneel in a moment before the oppressors of humanity. They think they are useful but they are all bad examples and willing servants of the engines of enslavement. They watch movies about people in dire peril who win the day because that’s how movies go. They think they are one of those people but they are given the same choices as the people in the movie and they turn away. They turn away.


No man can see the world as it is who does not look closely at himself. No one can know the meaning of anything if they do not know the meaning of themselves.


It is something to see; people who imagine they are standing forth and speaking the truth while hearing the roar of the crowd. One does not hear the roar of the crowd when one speaks the truth. One hears the rustling of chairs and the sound of people leaving the hall. Why is this? The people who are leaving are not leaving because of the speaker. They are leaving because what is inside them cannot accept the responsibility that comes with hearing the truth and failing to act.


Such an immensity of lies surround us that it threatens to block out the sun. It has certainly blocked out the light of introspection and objectivity within so many of us. Enshrined lies now have their own laws to protect them. The only time a purported truth needs protection is when it is concealing the lies contained within it. If something is true then further inquiry only proves it so."




LINK

And so why do our politicians keep running to China to borrow more money to stay afloat? Please don't tell me you are not aware of this.

We are the worlds most debtor nation. The U. S. borrows money from two countries Russia and China and they are moving away from the dollar.

To make this simple for you the dollar is going to collapse, soon.

The middle eastern countries, Saudi Arabia, Iran and others don't accept the dollar for oil any more neither does Venezuela one of the worlds largest oil producers. And yet you don't see the implications of this.

Global Depression And Regional Wars
Reviewing James Petras' New Book - Part I
By Stephen Lendman
8-14-9

James Petras is Binghamton University, New York Professor Emeritus of Sociology. Besides his long and distinguished academic career, he's a noted figure on the left, a well-respected Latin American expert, and a longtime chronicler of the region' popular struggles. He's also a prolific author of hundreds of articles and dozens of books, most recently his new one titled, "Global Depression and Regional Wars" addressing America, Latin America and the Middle East.

Part I - Global Depression

Variety's famous October 30, 1929 headline is again relevant: "Wall Street Lays an Egg," or as economist Rick Wolff puts it: "Capitalism hit the fan" following a familiar pattern of boom and bust cycles punctuated by bubbles that always burst. Petras explains it this way:

"All the idols of capitalism over the past three decades have crashed. The assumptions and presumptions, paradigms and prognosis of indefinite progress under liberal free market capitalism have been tested and have failed. We are living the end of an entire epoch (and bearing witness to) the collapse of the US and world financial system."

Grim prospects are ahead:

-- a world depression with one-fourth of the labor force unemployed;

-- global trade in free fall;

-- a proliferation of bankruptcies with General Motors a metaphor for a decaying system;

-- free-market capitalism in disrepute; and

-- "planning, public ownership, nationalization(s and other) socialist alternatives have become almost respectable" because most sacred cow "truisms" and solutions have failed.

Today's global crisis reflects an unsustainable system - crisis-prone, unstable, anarchic, ungovernable, self-destructive, and eventually doomed to collapse. Its early death throes may now be audible - despite intense "psycho-babble" reengineering of facts to portray the current situation as a "failure of leadership....lack of understanding....willful ignorance of what markets need, (and) loss of confidence."

Samuel Boswell explained that "Patriotism is the last refuge of a scoundrel." Perhaps "psycho-babble" is its equivalent for "capitalist ideologues, academics, (self-styled) experts, and financial page editorialists, all of whom use "shoddy economic arguments" to pump life into a bankrupt ideology - one based on:

-- repeated boom and bust cycles;

-- unsustainable growth to stay viable;

-- direct foreign investment for the highest rates of return, producing a race to the bottom the result of some nations benefitting at the expense of others and all of them eventually losing out;

-- technological advances for "greater social and political power;"

-- pillaging countries, crushing labor, cutting wages, and limiting or ending social services;

-- privatizing "public enterprises, land, resources and banks;" and

-- reducing governments to servants of business with America the hub of the corporate universe.

Today's crisis is systemic - "embedded in the contradiction between impoverished labor and concentrated capital" gone wild. "The current world depression is a product of the 'over-accumulation' process of the capitalist system in which the crash of the financial system was the 'detonator' but not the structural determinant: the exploitation of labor" that sooner or later bites back. The longer capital interests pillage state resources at their expense, the less tolerant they'll be for mass unemployment, homes and savings lost, grim futures, and the end of the American dream. Then, watch out.

The World Depression: A Class Analysis

"It is a well-known truism that those who caused (today's) crisis are also (the) greatest beneficiaries of government largesse." Rulers create crises. Workers pay for them.

Since the early 1970s, capitalism went global at the expense of workers experiencing "a relative and absolute decline in (their) share of material income" and well-being. As business consolidated more power, it began "exercis(ing) near absolute control over the location and movements of capital" as well as the ability to exploit labor globally in newly industrialized countries like China, the Asian subcontinent, capitalist Russia, former Soviet republics, and undeveloped ones in Central America and elsewhere.

Huge profits came at the expense of growing inequality from wealth transfers to the rich. A race to the bottom cut wages and benefits, and lower living standards resulted from "the (permanent) conversion from high wage/high skill manufacturing jobs to lower-paid service" ones.

Financialization-caused speculative excesses were fueled by cheap credit and lax regulations. Bubbles resulted producing inevitable collapse. First felt "at the bottom of the speculative chain," they reached the biggest banks responsible for the crisis and major corporations as well - "all of which had been deeply engaged in leveraged buyouts and acquisitions" as well as other unsustainable excesses.

Depression indicators are everywhere, and the parallels to the early 1930s are ominous:

-- business bankruptcies up 64% from a year earlier; household ones up 33%;

-- according to the IMF, global banks must write down $4.1 trillion, two-thirds of which is yet to come; loss estimates will likely go higher given the state of world economies and enormity of their toxic asset portfolios -at yearend 2008, around $680 trillion, according to the Bank for International Settlements (BIS);

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What paradigm is your super computer spitting out skippy?