And the beauty part is... you people actually think I give a damn. BWWAHAHAHA! All part of the plan, ma'am. All part of the plan.
Posted on 08/07/2011 6:35:35 AM PDT by InvisibleChurch
America's credit rating being downgraded is a crucial moment not just for the United States but for the world. The world’s most powerful nation and its President have been humbled in full global view.
More fundamentally, the Western political class has been found sadly wanting in its inability to cope with a long-brewing crisis as the balance of global economic power shifts to Asia.
The interconnected nature of globalised economics and politics means there is no hiding place from the woes of the nation we have grown used to exercising leadership since 1945 and since the end of the Cold War two decades ago.
Even if we did not always relish it, America was there as an anchor for the world. Now the anchor has lost its moorings and the future has become more perilous for everybody.
Though stock markets may have discounted the downgrade, which by cruel coincidence came on the same day that US forces in Afghanistan suffered a terrible loss, and there may be some bargain-buying early next week, the fundamental problem remains.
After the experience of the past weeks, confidence in the political leadership has dropped sharply in America and is little stronger in the eurozone, given the unravelling sovereign debt crisis there.
Fund managers deploying the savings of individual investors and pension funds rush from one supposed safe haven to another as their antipathy to risk mounts by the day – last week, the rush into cash savings was such that a big New York bank was able to charge depositors interest on their money.
(Excerpt) Read more at dailymail.co.uk ...
So now we’ll have to kow-tow to the red Chinese - well Obama’s got at least one talent that will help out: he’s a real expert when it comes to bowing to foreign leaders.
And the beauty part is... you people actually think I give a damn. BWWAHAHAHA! All part of the plan, ma'am. All part of the plan.
Check your premises ... Capitalism is near death in America.
The real question: Will the world’s oldest communist state now choose to bail out the world’s newest communist state?
http://news.xinhuanet.com/english2010/china/2011-08/07/c_131034527.htm
“...In July, the ministry issued 20 billion yuan of one-year commercial papers with a coupon rate of 5.18 percent, but only 18.73 billion yuan of the total was bought.
Analysts said it has become more difficult for the ministry to borrow money because of inadequate market liquidity and concerns over the ministry’s debt burden.”
More likely that China saves us by collapsing.
With all due respect to George Washington, Barrack Obama’s face belongs on today’s US Dollar bill.
Title loses credibility. Of the top of my head, Cuba, Venezuela, and North Korea are communist and much more so than China...
. . . The People’s Republic is a cautious player in international finance and has a lot of domestic problems to deal with, including a spike in inflation and widespread popular resentment at yawning wealth disparities. The Communist rulers of the People’s Republic will likely be too busy killing off another sixty million or so of its citizens to quiet them before turning their attention to saving the West, experts say.
It's kind of like a flaunting, in-your-face dance by S&P to taunt the American public with it's status as not only too big to fail but also too big to be held accountable.
S&P is one of the “key enablers of the financial meltdown” that caused all these problems in the first place. No question that the Marxist street agitator is by design or simple incompetence making America's economic woes worse, but Moody's or S&P smites us? Both “key enablers of the financial meltdown.”
The sad part about this is that we need this bailout not because of capitalism but because of the political class.
Capitalism worked as intended.
“Will the world’s oldest communist state now choose to bail out the world’s newest communist state?”
Absolutely correct - We are becoming the World’s newest Communist State.
The transition is well underway and so far it has been a bloodless coup.
If Obama gets another 4 years we are done for.
And if he does get the boot what are the odds a Republican President will roll back all (or most) of his socialist programs, policies and rules?
Unless it is Sarah or Michele the odds are small.
China is a paper tiger.
1. All of their ideas and technology were stolen from American inventors. They just use cheaper labor to under price us.
2. We are their number one customer. They need us more than we need them.
Yes, that is the problem in a nutshell. We have elected a communist for POTUS and he has done what he promised. Meanwhile patriots are called terrorists. The rats should be cringing in shame.
Wonder what the left will do now that it's run out of other people's money to spend?
BTW--I know this is beside the point--and I probably shouldn't ask such an impertinent question--but--what will they want in return?
Or will they just do it out of the kindness of their hearts?
You’re right, and China needs us to be prosperous, so that we can buy their goods.
There are NO capitalist countries.......
[ Will the world’s last communist state now have to bail out the capitalist West? ]
This agitprop is such a lie..
URPean socialist democracys are a hair breath from communism,..
After all communism “IS” socialism..
Democracy is the road to socialism. -Karl Marx
Democracy is indispensable to socialism. The goal of socialism is communism. -V.I. Lenin
The meaning of peace is the absence of opposition to socialism .-Karl Marx
Well if there were any honest journalist working for honest media the truth is:
A communist country became economically powerful by instituting a more capitalistic system and a former capitalistic West lost economic power by becoming more communist.
I don’t expect to read or hear this anywhere in the MSM.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.