List of books written to making you a SLAVE.

[gurey25]

But still u have to agree USA is in a favorable position. The US dollar is a dominating currency. No matter how flawed and messed up USA economy is---it will always be the standard against the rest of the world. We will always be #1 and the rest of the worst follow. When we r the standard, we make the rules. If we fall, the world falls deeper. Which in a way is good--because if anyone should be the standard, it should be us. We are morally checked by our constitution. Imagine if China was the gold standard?

Dollar hegemony is maintained not by the health of the US economy but by brute military power.
This is quickly dissipating today and soon the US will not be able to stop anyone from pulling the plug on the dollar.
Dollar hegemony hurts the world economy, it hurts the US, hurts Europe everyone.

when the plug is pulled the US will soon have to live within its means and it will have a nasty crash.
the same with europe, but they will bounce back, especially productive countries like germany.
China will focus inwards and develop internal markets, freed from dollar hegemony India will grow faster too, so would the rest of the developing world. Argentina, Chile and Uraguay will quickly catch up to first world in such a scenario so would mexico and Turkey.
The world will be a better place..

and eventually the US will comeback stronger than before and richer with the right policies.

its a win win situation.

[gurey25]

But still u have to agree USA is in a favorable position. The US dollar is a dominating currency. No matter how flawed and messed up USA economy is---it will always be the standard against the rest of the world. We will always be #1 and the rest of the worst follow. When we r the standard, we make the rules. If we fall, the world falls deeper. Which in a way is good--because if anyone should be the standard, it should be us. We are morally checked by our constitution. Imagine if China was the gold standard?

Dollar hegemony is maintained not by the health of the US economy but by brute military power.
This is quickly dissipating today and soon the US will not be able to stop anyone from pulling the plug on the dollar.
Dollar hegemony hurts the world economy, it hurts the US, hurts Europe everyone.

when the plug is pulled the US will soon have to live within its means and it will have a nasty crash.
the same with europe, but they will bounce back, especially productive countries like germany.
China will focus inwards and develop internal markets, freed from dollar hegemony India will grow faster too, so would the rest of the developing world. Argentina, Chile and Uraguay will quickly catch up to first world in such a scenario so would mexico and Turkey.
The world will be a better place..

and eventually the US will comeback stronger than before and richer with the right policies.

its a win win situation.

[Basra-]

wow. gurey25


U have come a long way from the days of brutally against USA. U actually envision a day where USA will come back. Wow. But not in your dreams. American military will always be the worlds Number one. The republicans in the USA will guarantee that. U know, gurey-- that is why I never wish the republicans to disappear. In away, they prevent uS from turning like Europe. Godless people who have no faith. The Jesus loving biggots make America balanced. I know-- it is ironic but it helps.
This rosey picture u put forth of Europe and Germany and India and south America coming back after USA dollar is weaken is bogus and dreamy. If USA dollar power disappears-- lets just envision this improbability for a second-- u need another currency to replace it. U cant have a such a huge thing to be removed and nothing else replace it. Can u envision any other currency replacing the mighty dollar? The Euro comes in mind, but is impossible given Germany is the only thing that holds them strong. The Chinese Yuan come in mind-- well-- their political instability is a Gods sent heaven. LOL The Japanese Yen has remained useless since the 80s.

Really--- gurey--- U r left with nothing but your inevitable submission to the USA dollar .

[X.Playa]

June 26, 2014





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61




A New World Devoid of Washington’s Arrogance?

Slipping Into a New Recession?

by PAUL CRAIG ROBERTS


A final number for real US GDP growth in the first quarter of 2014 was released today. The number is not the 2.6% growth rate predicted by the know-nothing economists in January of this year. The number is a decline in GDP of -2.9 percent.

The negative growth rate of -2.9 percent is itself an understatement. This number was achieved by deflating nominal GDP with an understated measure of inflation. During the Clinton regime, the Boskin Commission rigged the inflation measure in order to cheat Social Security recipients out of their cost-of-living adjustments. Anyone who purchases food, fuel, or anything knows that inflation is much higher than the officially reported number.

It is possible that the drop in first quarter real GDP is three times the official number.

Regardless, the difference is large between the January forecast of +2.6 percent growth and the decline as of the end of March of -2.9 percent.

Any economist who is real and unpaid by Wall Street, the government, or the Establishment knew that the +2.6 percent forecast was a crock. Americans’ incomes have not grown except for the one percent, and the only credit growth is in student loans, as those many who cannot find jobs mistakenly turn to “education is the answer.”

In an economy based on consumer demand, the absence of income and credit growth means no economic growth.

The US economy cannot grow because corporations pushed by Wall Street have moved the US economy offshore. US manufactured products are made offshore.

Look at the labels on your clothes, your shoes, your eating and cooking utensils, your computers, whatever. US professional jobs such as software engineering have been moved offshore. An economy with an offshored economy is not an economy. All of this happened in full view, while well-paid free market shills declared that Americans were benefiting from giving America’s middle class jobs to China and India.

I have been exposing these lies for a decade or two, which is why I am no longer invited to speak at American universities or to American economic associations. Economists love the money that they receive for lying. A truth teller is the last thing that they want in their midst.

An official decline of -2.9 percent in the first quarter implies a second quarter GDP decline. Two declines in a row is the definition of recession.

Imagine the consequences of a recession. It means that years of unprecedented Quantitative Easing failed to revive the economy. It means that years of Keynesian fiscal deficits failed to revive the economy. Neither fiscal nor monetary policy worked.

What then can revive the economy?

Nothing except to force the return of the economy that the anti-American corporations moved offshore.

This would require credible government. Unfortunately, the US government has been losing credibility since the second term of the Clinton regime. It has none left.

Today no one anywhere in the world believes the US government except the brain dead Americans who read and listen to the “mainstream media.” Washington’s propaganda dominates the minds of Americans, but produces laughter and scorn everywhere else.

The poor US economic outlook has brought America’s two largest business lobbies–the US Chamber of Commerce and the National Association of Manufacturers (or what is left of them) into conflict with the Obama regime’s threat of further sanctions against Russia.

According to Bloomberg News, beginning tomorrow (June 26), the business groups will run advertisements in the New York Times, Wall St Journal, and Washington Post opposing any further sanctions on Russia. The US business organizations say that the sanctions will harm their profits and result in layoffs of American workers.

Thus, America’s two largest business organizations, important sources of political campaign contributions, have finally added their voice to the voices of German, French, and Italian business.

Everyone, except the brainwashed American public, knows that the “crisis in Ukraine” is entirely the work of Washington. European and American businesses are asking: “why should our profits and our workers take hits in behalf of Washington’s propaganda against Russia.”

Obama has no answer. Perhaps his neocon scum, Victoria Nuland, Samantha Powers, and Susan Rice can come up with an answer. Obama can look to the New York Times, Washington Post, Wall Street Journal, and Weekly Standard to explain why millions of Americans and Europeans should suffer in order that Washington’s theft of Ukraine is not endangered.

Washington’s lies are catching up with Obama. German chancellor Merkel is Washington’s complete whore, but German industry is telling Washington’s whore that they value their business with Russia more than they value suffering in behalf of Washington’s empire. French businessmen are asking Hollande what he proposes to do with their unemployed workers if Holland goes along with Washington. Italian businesses are reminding that government, to the extent that Italy has one, that uncouth Americans have no tastes and that sanctions on Russia mean a hit to Italy’s most famous and best recognized economic sector–high style luxury products.

Dissent with Washington and Washington’s two-bit puppet rulers in Europe is spreading. The latest poll in Germany reveals that three-quarters of Germany’s population reject permanent NATO bases in Poland and the Baltic states. The former Czechoslovakia, currently Slovakia and the Czech Republic, although NATO members, have rejected NATO and American troops and bases on their territory. Recently, a German minister said that pleasing Washington required giving free oral sex for nothing in return.

The strains that Washington’s morons are putting on NATO might break the organization apart. Pray that it does. NATO’s excuse for existence disappeared with the Soviet collapse 23 years ago. Yet, Washington has increased NATO far beyond the borders of the North Atlantic Treaty Organization. NATO now runs from the Baltics to Central Asia.

In order to have a reason for NATO’s continued expensive operation, Washington has had to construct an enemy out of Russia.

Russia has no intention of being Washington’s or NATO’s enemy and has made that perfectly clear. But Washington’s military/security complex, which absorbs about $1 trillion annually of US hard-pressed taxpayers’ money, needs an excuse to keep the profits flowing.

Unfortunately the Washington morons picked a dangerous enemy. Russia is a nuclear armed power, a country of vast dimensions, and with a strategic alliance with China.

Only a government drowning in arrogance and hubris or a government run by psychopaths and sociopaths would pick such an enemy.

Russia’s President Vladimir Putin has pointed out to Europe that Washington’s policies in the Middle East and Libya are not merely total failures but also devastatingly harmful to Europe and Russia. The fools in Washington have removed the governments that suppressed the jihadists. Now the violent jihadists are unleashed. In the Middle East

the jihadists are at work remaking the artificial boundaries set by the British and French in the aftermath of World War I.

Europe, Russia and China have Muslim populations and now must worry if the violence that Washington has unleashed will bring destabilization to regions of Europe, Russia and China.

No one anywhere in the world has any reason to love Washington. Least of all Americans, who are being bled dry in order that Washington can parade military force around the world. Obama’s approval rating is a dismal 41 percent and no one wants Obama to remain in office once his second term is complete. In contrast, two-thirds of the Russian population want Putin to remain president after 2018.

In March the poling agency, Public Opinion Research Center, released a report that Putin’s approval rating stood at 76 percent despite the agitation against him by the US financed Russian NGOs, hundreds of fifth column institutions that Washington established in Russia during the past two decades.

On top of US political troubles, the US dollar is in trouble. The dollar is kept afloat by rigged financial markets and Washington’s pressure on its vassal states to support the dollar’s value by printing their own currencies and purchasing dollars. In order to keep the dollar afloat, much of the world will be inflated. When people finally catch on and rush into gold, the Chinese will have it all.

Sergey Glazyev, an adviser to President Putin, has told the Russian president than only an anti-dollar alliance that crashes the US dollar can halt Washington’s aggression. That has long been my opinion. There can be no peace as long as Washington can print more money with which to finance more wars.

As the Chinese government stated, it is time to “de-Americanize the world.” Washington’s leadership has totally failed the world, producing nothing but lies, violence, death, and the promise of more violence. America is exceptional only in the fact that Washington has, without remorse, destroyed in whole or part seven countries in the new 21st century. Unless Washington is replaced with more humane leadership, life on earth has no future.

Paul Craig Roberts is a former Assistant Secretary of the US Treasury and Associate Editor of the Wall Street Journal. Roberts’ How the Economy Was Lost is now available from CounterPunch in electronic format. His latest book is How America Was Lost.

[Basra-]

We need another bubble burst. A student loan burst? But no. Strike that. That will forgiven the millions of students with good degree but will not have to pay. Hell no! LOOOOL


Maybe a credit bubble or a war? We need another recession, so we can go down again, and take another 1 or 2 years of sebatical unemployment benefits vacation.

[X.Playa]

America is and has been in recession and won't get out of it . They just play with the numbers and cook the books to make it appear as though things are improving even that didn't work this time , their perdiction of 2.9% growth is 200% wrong.

[Basra-]

America is and has been in recession and won't get out of it . They just play with the numbers and cook the books to make it appear as though things are improving even that didn't work this time , their perdiction of 2.9% growth is 200% wrong.

The bad weather we have been having has caused the unanticipated dip in GDP in the first quarter. The next quarter is predicted to be at least 2.0% and the third quarter going up to 3 %. Recession is what we saw in 2008- mid 2010.

[X.Playa]

exactly even you can make up a total b.s sound economics , you are learning fast.

[gurey25]

wow. gurey25


U have come a long way from the days of brutally against USA. U actually envision a day where USA will come back. Wow. But not in your dreams. American military will always be the worlds Number one. The republicans in the USA will guarantee that. U know, gurey-- that is why I never wish the republicans to disappear. In away, they prevent uS from turning like Europe. Godless people who have no faith. The Jesus loving biggots make America balanced. I know-- it is ironic but it helps.
This rosey picture u put forth of Europe and Germany and India and south America coming back after USA dollar is weaken is bogus and dreamy. If USA dollar power disappears-- lets just envision this improbability for a second-- u need another currency to replace it. U cant have a such a huge thing to be removed and nothing else replace it. Can u envision any other currency replacing the mighty dollar? The Euro comes in mind, but is impossible given Germany is the only thing that holds them strong. The Chinese Yuan come in mind-- well-- their political instability is a Gods sent heaven. LOL The Japanese Yen has remained useless since the 80s.

Really--- gurey--- U r left with nothing but your inevitable submission to the USA dollar .

The rosy picture i paint is based on the 30 glorius years between 1945 and 1975,
Every single country in the world underwent an economic boom, the french called it Trente Glorieuses, the germans the wirshaftwunder.
This was the period of Japan boom, the Asian tigers came about, even south america boomed.
The Soviets also underwent a boom, so did the warsaw pact countries and North Korea industrialized in that period between 1955 and 1975.
Most of africa also saw growth despite massive corruption and crumbling infrastructure.

All this was due to a stable monetery system the bretton woods and keeping the bankers under control and well behaved,
in all the booming countries central bankers were kept on a leash and governments ran the economy not a shadowy group of private bankers.
When the bretton woods system came apart due to the US losing all its gold and spending too much in vietnam, the petro dollar came to replace it,
and the bankers were unleashed on the world and feasted on everyone like locusts.
Today we see the world they created.

The rise of China, and the BRICS nations, will see the dollar losing its teeth, the bankers will be put back in restraints and countries will be able to independently develop their countries and trade will not be interfered with by the power of the dollar.

So its a realistic expectation that we can get another Trente Glorieuses... inshallah.

[gurey25]

Sergey Glazyev, an adviser to President Putin, has told the Russian president than only an anti-dollar alliance that crashes the US dollar can halt Washington’s aggression. That has long been my opinion. There can be no peace as long as Washington can print more money with which to finance more wars.

That will not happen until china decides its time.
China is the senior partner in the relationship not Russia and Russia will follow China's lead.
As you know the power block that replaced Yeltsin and appointed Putin as succesor was made up of 2 equally powerfull groups that formed a partnership. The Atlantic Integrationists that wanted closer links with Europe and good relations with the US while upholding Russia's power,
and the Eurasion Nationalists.
Putin belongs to the nationalists and he never had any respect for the US or EU and never intended to integrate with them.
Using the Ukraine Fiasco Putin eliminated the integrationists and today the nationalists are fully in charge.
Putin has immedietly started the war against the dollar, and has started russias own payment system to replace the swift/iban and also visa/mastercard in conjunction with the existing chinese system.

The chinese are not yet ready to pull the plug on the dollar and told putin to relax and be ready for further instruction.
The Chinese are having similiar problems with pro-west factions, this time it is a group of influential oligarchs that have become billionairs from the export oriented industrial development model.
This model has reached expiry and needs to be replaced with internal market orientation as planned by deng xiaoping in 1978.
The 1978 plan was to open up to foriegn investment for a maximum of 20 years, and when they have bought , stolen and developed as much technology as required from the world market and after reaching a specified level of infratructure development to move towards internal market orientation. The oligarchs who have wormed their way into the inner levels of the party and army have been delaying this,
they are opposed by extreme nationalists who want a war with the US and Taiwan right now,
The power in the Chinese communits party is held by conservatives who move too slow and they are refereeing between the 2 extreme factions.
This is why analysts predict the pulling of the dollar plug to be no earlier than 2024 and could take as long as 2040 even though china is ready for it right now.

Putin has to wait.

[Basra-]

Both Xplaya and gurey need to stop hating on America. Envy is really a weak, weak trait on a man like Xplaya, and a woman like gurey25.

[gurey25]

america is a destructive force in the world,
a threat to world peace,the world economy and a threat to the environment with its promotion of GMO's.

[Basra-]

[quote="gurey25"][quote="Basra-"]wow. gurey25


U have come a long way from the days of brutally against USA. U actually envision a day where USA will come back. Wow. But not in your dreams. American military will always be the worlds Number one. The republicans in the USA will guarantee that. U know, gurey-- that is why I never wish the republicans to disappear. In away, they prevent uS from turning like Europe. Godless people who have no faith. The Jesus loving biggots make America balanced. I know-- it is ironic but it helps.
This rosey picture u put forth of Europe and Germany and India and south America coming back after USA dollar is weaken is bogus and dreamy. If USA dollar power disappears-- lets just envision this improbability for a second-- u need another currency to replace it. U cant have a such a huge thing to be removed and nothing else replace it. Can u envision any other currency replacing the mighty dollar? The Euro comes in mind, but is impossible given Germany is the only thing that holds them strong. The Chinese Yuan come in mind-- well-- their political instability is a Gods sent heaven. LOL The Japanese Yen has remained useless since the 80s.

Really--- gurey--- U r left with nothing but your inevitable submission to the USA dollar .[/quote]


The rosy picture i paint is based on the 30 glorius years between 1945 and 1975,
Every single country in the world underwent an economic boom, the french called it Trente Glorieuses, the germans the wirshaftwunder.
This was the period of Japan boom, the Asian tigers came about, even south america boomed.
The Soviets also underwent a boom, so did the warsaw pact countries and North Korea industrialized in that period between 1955 and 1975.
Most of africa also saw growth despite massive corruption and crumbling infrastructure.

All this was due to a stable monetery system the bretton woods and keeping the bankers under control and well behaved,
in all the booming countries central bankers were kept on a leash and governments ran the economy not a shadowy group of private bankers.
When the bretton woods system came apart due to the US losing all its gold and spending too much in vietnam, the petro dollar came to replace it,
and the bankers were unleashed on the world and feasted on everyone like locusts.
Today we see the world they created.

The rise of China, and the BRICS nations, will see the dollar losing its teeth, the bankers will be put back in restraints and countries will be able to independently develop their countries and trade will not be interfered with by the power of the dollar.

So its a realistic expectation that we can get another Trente Glorieuses... inshallah.[/quote]



gurey

At one point u praise the United States of America for lifting up the rest of the world from poverty. On another point, you envision a rosey picture of the rest of the loser world come to beat America. Worst American Dollar. That is not happening dear. Now, granted-- had China or Russia been a functioning, constitution type democratic western country-- I would have been seriously afraid. But that is not the case. The dictatorship of both China and Russia gives me hope. It tells me that--none of them will ever be a threat to the United blessed states of America.

The US dollar is here to stay. Unless, humanity advance in human right and reach the constitution brilliancy of the AMerican politics--- We, Americans will always make the rules. We will spend beyond our means, and continue to do that, until the end of time with no repercussions but the brilliancy of a fluctuating economy which in the end, helps the dollar from ever going worthless. Amen!

[gurey25]

At one point u praise the United States of America for lifting up the rest of the world from poverty. On another point, you envision a rosey picture of the rest of the loser world come to beat America.

The US had to lift up the rest of the world because it was in competition with the USSR, it was the cold war.
If the US did not play nice with a country and it was not too close to the US like central america then that country will simply join the Soviet block.
The Soviets also played nice to keep countries in their blocks.
There was no " free trade" back then there were 2 independent trading blocks that were more of patronage than trade with both the USSR and US
giving away more aid than receiving back in profits.

When the dollar started collapsing in 1971 the US said fuck this, created the petro dollar , and unleashed the bankers to feast on the world.
Every country in the world except for the asian tigers that were protected by the US , could use their exports to gain dollars and keep buying petrol,
and the Oil producers, started to crash.

Countries like costa rica that never harmed anyone, that were industrilizing and achieving a high standard of living, soon had to have large dollar reserves to buy oil, too keep the light on. When they ran out of dollars they had to borrow, when they couldnt pay the interest and the debt ballooned they went bankrupt, then the IMF/World Bank came in with their " austerity" opened the economy to a feeding frenzy.
within 10 years costa rica was poorer than it was 30 years before, 30 years of development was lost, and it still has not recovered.

This was repeated around the world, Mexico which was growing so fast that it was expected to reach European levels of development by 1990 crashed 3 times, all due to US meddling.

The world is a much worse place because of the US.

had China or Russia been a functioning, constitution type democratic western country-- I would have been seriously afraid.

What does democracy have to do with economic development? India is more democratic than the US, yet it is dirt poor.
The US is an Oligarchy and i doubt that it is a more developed democracy than Russia.
The average voter has next to no impact on major decisions that affect his life in the US, its all special interests with a stratified hierarchy.
The Financiers/Bankers that own the federal reserve are on top, followed by the Millitary Industrial Complex that they own, followed by corporations a highly incestuous group, with everyone in bed with each other.
Then comes the smaller powers like AIPAC, the Gun Lobby, Pensioners etc etc.
The 2 party system makes sure that no real democracy is established and it is now set in stone, the special interests have achieved total power and the trend is towards less and less democracy.
Russia is not like that yet it is a younger democracy, and the trend in Russia is towards a freer culture and more democracy.


Basra the US is going down, they have been partying too much, the level of corruption in its Millitary Industrial Complex is up to ridiculous levels,
They have sqaundered so much money and resources and time that the Russians and Chinese have nearly caught up in all key areas of technology.
In 1990 the US was 10 years ahead of the Soviets , by 2000 they were 20 years ahead, today they only have a short 5 years lead in advanced electronics and aircraft engines. thats it.
Whats even worse is that they allowed industry to shrivel and die, and essential compenents of its weapons systems can only be made in japan and imported. The US has even lost the technology to build large nuclear power plants, the main structures cannot be built in the US but need to be sub contracted to South Korea and Japan,. .
Their entire supply chain is fucked this is why the Chinese and Russian strategy is much better.
Having built only around 200 of the world beater F-22 stealth fighter that costs $220 million a piece and is no longer in production,
they have to face in the next few years the PAK-FA and the Chinese J-31 that will be less than $50 million and 90% as effective.
They will be facing 2000-3000 of these .
The US if they have to re-start production will face so many difficulties, and maintenance will be a bitch.
and what makes the situation so beautifull is that by then the dollar will not be the worlds reserve currency, the world will not foot the US's bill and they will have to pay for it themselves, which means that they really cannot afford an arms race.
The Russians and Chinese have done all this spending 2% of GDP on the millitary in China and 5% in Russia, they did it on a shoe string and a budget.

Extreme greed and corruption in all areas has doomed the US as a Super Power,

[Basra-]

gurey>>>>???? R u serious??


"does democracy have to do with economic development? India is more democratic than the US, yet it is dirt poor."


R u freaking crazy??? Gurey--u seem very glib. Uninformed, unintellectual, and downright delusional. LOL Democracy has everything to do with Economics. A prosperous democratic country means, there is stability, and stability means--there is safety, and safety means-- dependable, and dependable means bankable. For instance-- which country will u invest in? India or Pakistani if u had the option to open a business in one of these countries? India of course? Pakistani radical political persuasion makes it impossible to invest with them. By the India is NOT more democratic than the United States. This is a country that has the highest Human rights violations. Women are virtually useless in India. An Indian man can freely burn his wife at will in India and society pat him on the back. Gurey u must be very GLIB. LOL

Oh by the way-- India is dirt poor because of its high population. High population is a sluggish negative affect to an economy. China also has a high population-- that is why despite its very impressive economics headways-- it has not reached to the United states level. China right now-- is economical where United states were in the early 19th century of the Industrial revolution. During Depression years of 1929s.




China has a fairly workable political system. U cant call it democratic, but a stable political system. But the fact is-- China are very poor in Human rights --so there are a lot of Company who will not go invest in the China due to the West morally fawning on them due to their decrepit human rights records.


But I agree with you-- On the two party American system and the lobbyist being a negative aspect of USA democracy. At least, in China-- they have the advantage of forcing policy on its people --bad or good-- it doesn't matter. The government has the last say, where as in the United states-- Congress and bipartisan will debate until nothing is achieved. (in a way-- that is positive too, that means no drastic policies will be implemented to change society drastically, unless by a fluke of luck - like Obama care where he had both senate and house in his party grasp)


In the end-- gurey-- I stress again, and again, American dollar, American democracy, and American military is here to stay and rule the world.