Our Economy Was a Scam and Now We’re Dead Broke By Joe Bageant, JoeBageant.com.
America is broke. And the easy credit, phantom “growth” economy has been exposed for what it was: a credit scam.
When Barack Obama took office it seemed to some of us that his first job was to get the national silverware out of the pawn shop. Or at least maintain the world’s confidence that it was possible for us to get out of debt. America is dead broke, the easy credit, phantom “growth” economy has been exposed for what it was. A credit scam. Even Hillary Clinton and Obama’s best efforts have not coaxed much more dough out of foreign friends. But at least we again have a few friends abroad.
So now we must jackleg ourselves back into something resembling a productive activity. No matter how you cut it, things will not be as much fun as shopping and speculative “investing” were.
The fiesta is over, the economy as we knew it is dead.
The national money shamans have danced around the carcass of our dead horse economy, chanted the recovery chant and burned fiat currency like Indian sage, enshrouding the carcass in the sacred smoke of burning cash. And indeed, they have managed to prop up the carcass to appear life-like from a distance, if you squint through the smoke just right. But it still stinks here from the inside. Clearly at some point we must find a new horse to ride, and sure as god made little green apples one is broaching the horizon. And it looks exactly like the old horse. READ MORE:
http://www.alternet.org/politics/143521/our_economy_was_a_scam_and_now_we%27re_dead_broke
6 Signs That the American Empire Is Coming to an Early End By Michael T. Klare, Tomdispatch.com.
The day of America’s global pre-eminence is over. We must face the new global realities.Posted October 27, 2009.
Memo to the CIA: You may not be prepared for time-travel, but welcome to 2025 anyway! Your rooms may be a little small, your ability to demand better accommodations may have gone out the window, and the amenities may not be to your taste, but get used to it. It’s going to be your reality from now on.
Okay, now for the serious version of the above: In November 2008, the National Intelligence Council (NIC), an affiliate of the Central Intelligence Agency, issued the latest in a series of futuristic publications intended to guide the incoming Obama administration. Peering into its analytic crystal ball in a report entitled Global Trends 2025, it predicted that America’s global preeminence would gradually disappear over the next 15 years — in conjunction with the rise of new global powerhouses, especially China and India. The report examined many facets of the future strategic environment, but its most startling, and news-making, finding concerned the projected long-term erosion of American dominance and the emergence of new global competitors. “Although the United States is likely to remain the single most powerful actor [in 2025],” it stated definitively, the country’s “relative strength — even in the military realm — will decline and U.S. leverage will become more constrained.”
That, of course, was then; this — some 11 months into the future — is now and how things have changed. Futuristic predictions will just have to catch up to the fast-shifting realities of the present moment. Although published after the onset of the global economic meltdown was underway, the report was written before the crisis reached its full proportions and so emphasized that the decline of American power would be gradual, extending over the assessment’s 15-year time horizon. But the economic crisis and attendant events have radically upset that timetable. As a result of the mammoth economic losses suffered by the United States over the past year and China’s stunning economic recovery, the global power shift the report predicted has accelerated. For all practical purposes, 2025 is here already. READ MORE:
http://www.alternet.org/world/143514/6_signs_that_the_american_empire_is_coming_to_an_early_end
Apocalypse Soon: Halloween Interview on Overpopulation with Kierán Suckling
Scared of ghosts, goblins, and jack-o-lanterns? None of those are on the Santa Fe Reporter‘s list of the top five environmental horrors. But human overpopulation is. “Apocalypse Soon: Today’s Environmental Horrors Could Lead to a Scary Sci-Fi Future” interviews Center for Biological Diversity director Kierán Suckling. Click below to read the whole article. Here are few excerpts:
“Virtually everything that is destroying wildlife habitat and the environment is driven by overpopulation,” Kierán Suckling, executive director of the nonprofit Center for Biological Diversity, says.
“Whether it’s too many people diverting water out of the Rio Grande or too much wood use leading to the logging of old-growth forests, the bottom line is there are too many people using too many resources to be able to have a healthy environment.”
“It’s great to focus on reducing our carbon footprint, but…unless we start reducing the footprints to begin with, we and other species are not going to survive on this planet.”
“The majority of environmental groups avoid addressing overpopulation like the plague. I think that’s largely because they lack the courage of their convictions. They are fearful that in saying that [we are overpopulated] they will be viewed as being anti-human somehow–as if squalor and overpopulation are somehow pro-human.” READ MORE:
Read the Santa Fe Reporter interview and learn what the Center’s doing to confront the overpopulation crisis head-on.
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