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You are here: Home > Forum > A Place of Safety > General Talk > The End of Neo-Liberalism?
The End of Neo-Liberalism?  [message #60310] Mon, 21 December 2009 08:35 Go to next message
yusime is currently offline  yusime

Likes it here
Location: United States
Registered: April 2008
Messages: 195



http://www.project-syndicate.org/commentary/stiglitz101/English

http://www.counterpunch.org/hudson02122009.html

Will Obama recreate the debt-bubble false economic system that imploded in on itself?

I hate to say it but maybe the people of the US need to recover the hardheadedness of the Confederate's opposition to Wall Street maybe we could do something amazing then. The problem is that now many people who are the descendants of the members of the Confederacy now support what they once hated (Wall Street Bankers). The confederacy's hatred of Wall Street came from the fact that Wall Street helped to destroy the institution of slavery which gave the confederacy power in the first place.

So now the question is what should the people of the US do about corruption in politics and Corporate America's desire for economic Oligarchy?


He who joyfully marches in rank and file has already earned my contempt. He has been given a large brain by mistake since for him a spinal cord would suffice. Albert Einstein
Re: The End of Neo-Liberalism?  [message #60324 is a reply to message #60310] Mon, 21 December 2009 15:54 Go to previous message
Macky is currently offline  Macky

Really getting into it
Location: USA
Registered: November 2008
Messages: 973



Pat,

First there was the Solidus of Byzantium. Then the pound sterling. Then the US dollar. All were convertible into gold. In the early 70s, Nixon made the dollar non-convertible because France was taking all our gold by exchanging our dollars.

Voila, the advent of fiat currency.

After WWII, the world looked to the USA for help in reconstruction.

We gained their trust.

Now, if we want anything, we just print up more of the ole fiat currency, and get this (Uncle Sam snickering up his sleeve) THEY TRUST US!!

How does one protect himself against hyperinflation?

When it hits, we'll probably invade Canada and Mexico, claiming it was their fault.

Yes, this later bit is all sorta perverted and in gest. However, Obama, who hasn't been in for a year yet didn't do this to us. It's Nixon, the daisy pusher-upper whose evil lives on after his dimise.

Heaven help us.

Macky


Behold, how good and how pleasant it is
For brothers to dwell together in unity!
Ps 133:1 NASB
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