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Old 06-15-2009, 04:15 PM
SeC SeC is offline
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Wink The American Empire Is Bankrupt


The American Empire Is Bankrupt

Jun 14, 2009
Wikimedia Commons
By Chris Hedges

This week marks the end of the dollar’s reign as the world’s reserve currency. It marks the start of a terrible period of economic and political decline in the United States. And it signals the last gasp of the American imperium. That’s over. It is not coming back. And what is to come will be very, very painful.

Barack Obama, and the criminal class on Wall Street, aided by a corporate media that continues to peddle fatuous gossip and trash talk as news while we endure the greatest economic crisis in our history, may have fooled us, but the rest of the world knows we are bankrupt. And these nations are damned if they are going to continue to prop up an inflated dollar and sustain the massive federal budget deficits, swollen to over $2 trillion, which fund America’s imperial expansion in Eurasia and our system of casino capitalism. They have us by the throat. They are about to squeeze.

There are meetings being held Monday and Tuesday in Yekaterinburg, Russia, (formerly Sverdlovsk) among Chinese President Hu Jintao, Russian President Dmitry Medvedev and other top officials of the six-nation Shanghai Cooperation Organization. The United States, which asked to attend, was denied admittance. Watch what happens there carefully. The gathering is, in the words of economist Michael Hudson, “the most important meeting of the 21st century so far.”

It is the first formal step by our major trading partners to replace the dollar as the world’s reserve currency. If they succeed, the dollar will dramatically plummet in value, the cost of imports, including oil, will skyrocket, interest rates will climb and jobs will hemorrhage at a rate that will make the last few months look like boom times. State and federal services will be reduced or shut down for lack of funds. The United States will begin to resemble the Weimar Republic or Zimbabwe. Obama, endowed by many with the qualities of a savior, will suddenly look pitiful, inept and weak. And the rage that has kindled a handful of shootings and hate crimes in the past few weeks will engulf vast segments of a disenfranchised and bewildered working and middle class. The people of this class will demand vengeance, radical change, order and moral renewal, which an array of proto-fascists, from the Christian right to the goons who disseminate hate talk on Fox News, will assure the country they will impose.

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Truthdig - Reports - The American Empire Is Bankrupt

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Old 06-28-2009, 05:14 AM
waikare waikare is offline
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Default Re: The American Empire Is Bankrupt

then you guys will have the amero just likr the euro just another step in the nwo plans
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Old 06-30-2009, 09:06 AM
Milly Milly is offline
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Default Re: The American Empire Is Bankrupt

"Theresa Amato has documented in her new book -- Grand Illusion: The Myth of Voter Choice in a Two Party Tyranny (New Press, June 2009.)

That the Democrats and Republicans are beholden to their corporate paymasters."

This shouldn't come as a surprise! We choose our leader by the election of two PLACED individuals. In addition to this, we have for so long taken advantage of other nations, most criminally, and now if it's time for tables to turn, I can understand how this would happen.

IMO, it might even be a good thing. We've been living in this delusional fairy-tale for far too long, one that says we are a rich, powerful, successful nation, dragging down and silencing whoever we choose. If this is the only way for the United States to stop destroying the rest of the world, then so be it.

Rich nations DO NOT tax the life out of their citizens.
Powerful nations DO NOT use fear tactics to control their citizens.
Successful nations DO NOT forgo the health and wellness of their citizens [and the rest of the world, for that matter] to make a quick buck.

WE ARE NOT WHAT WE HAVE BEEN TAUGHT WE ARE.

If you know anything about the Federal Reserve, than you know we are already bankrupt. I for one am not surprised if this is indeed the road we go down. It's very sad that we have been sheep for so long, and let injustices happen all around us.
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