Posted on 01/03/2010 11:59:51 AM PST by FromLori
How bad was the last decade? Across the Western world, there's near universal agreement that 2000-2009 has been awful.
After all, the "Noughties" were plagued with financial instability and plunging asset values, beginning with the "dotcom" collapse and ending with "sub-prime".
Yet that's not the entire story. Not by a long way. You can only conclude the last decade has been disastrous by viewing the world through a narrow lens. Yes, the so-called "advanced economies" have performed terribly. But, then again, they have been subject to self-imposed policy blunders – in terms of fiscal and monetary profligacy and the removal of key regulatory firewalls – that will make future historians wince.
(Excerpt) Read more at telegraph.co.uk ...
It is funny how journalists/leftists/propagandists all love to call us “The West” when describing, usually in a gleeful tone, our eminent downfall.
However, if one were to ask them who first idealized democracy...who alone among the peoples of the World decided that man had a right to individual freedom...or even who is responsible for 99.9 percent of all that we call the modern World...well, if you asked them that, the words “The West” would turn to ashes in their mouth and they would begin using any number of synonyms or commie code words.
Haters seriously they hate us and themselves I don’t know who they hate worse.
The west has “leaders” with brain rot nmanifested as insatiable greed, lust for power and a self destructive attraction for socialism. They are commiting suicide in the name of political correctness.
Strange...The lowering of the American economy and standard of living, things like wide open chaotic lawless borders, was all brought on by the traitors that have been running this country and these two political parties for the past 20 years or so....
Strange or was it a NWO plan?
NWO Lori....Only strange that a once small, proud government would want to see it’s own people on their knees, while taking their wealth and distributing it.
Barry Goldwater tried to warn people but to no avail.
Yep, in addition to a few others that were discredited, called conspiracy nuts etc, by the political insiders and super wealthy well connected elite, as they easily got their political party groupies to support their incremental destruction of America, on their march towards their new world order, global control of *everything*.
All this economic activity happens to be occuring along side of the rise of the BRIC nations. The combined population of the BRIC nations is twice that of the West. So, it isn't surprising, that as they develop their economies, they come a little close to their potential every year.
Europe and the US, today, has never been wealthier. Its just that the rest of the world a little more so. So, any loss and future loss is and will be in relative terms and not absolute terms. And it is right that the center of economics shift towards the world than to remain in the West.
Did you read the other Zero Hedge article? It actually does make many good points along those lines I think the point it is sorely missing is the Feds culpability.
Origins of an American Kleptocracy
http://www.zerohedge.com/article/origins-american-kleptocracy
http://www.thedailybell.com/681/Nelson-Hultberg-The-Fed-is-a-Fascist-Cartel.html
Thanks for the link Lori....I’ll read it later...up to me elbows trying to repair a communications radio...Tx
How about the left get out of the away then?
China will soon have the power to switch off the lights in the West
Telegraph UK | 1/3/10
Posted on 01/03/2010 11:49:05 AM PST by FromLori
http://www.freerepublic.com/focus/news/2420134/posts
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