America begins slide into third world status

[rodeodance]

slip sliding away1

Original Content at

http://www.opednews.com/articles/opedne_len_hart_071112_america_begins_slide.htm


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November 12, 2007

America begins slide into third world status

By Len Hart

The sum of all three trends equals the loss of US empire. The policies of three GOP administrations have not merely failed to reverse the trends, they birthed them and made them worse with ideology, bigotry and incompetence. Those who called a new Bush regime a "banana republic" during the 2000 election debacle could not have known how prescient they had been. All has come true. The "empire" is lost.

The dollar has dropped 12 percent since the start of the year. My own sources --European bankers --tell me the dollar will continue to fall until the US has what they have termed a "credible" regime and credible leadership. Smart money all over the world is dumping the dollar for the Euro. Until Bush is retired, the American people will continue to pay for his incompetence and his lawlessness. Bush is content to finance the trade deficit on the backs of American consumers.

At the very root of the problem is the fact that in 2004, the US topped the list of oil importing nations with imports of 11.8 million barrels of oil per day. That's more than the next three --China, German, and North Korea --combined. The problem is not only oil. The US Department of Commerce reports that the US "trade deficit" --our total exports vs our total imports --has increased 18% from 2004 to a record $726 billion in 2005. US dependence on oil is responsible, says the US commerce department, for some two-thirds of the increase in the US trade deficit in 2005.

Technically, price hikes due to trade imbalance is not inflation but to a consumer trying to make ends meet with a dollar that buys less and less, what difference does it make?.......more.......

[woodsprite]

1. But the pubs could care less - they see it as the rise of their Pub empire.

Aren't they shooting for 100 year rule or something like that? They could care less what happens to the rest of America.

[Glorfindel]

3. Actually, they COULDN'T care less

If one could care less, there's a bit of care left; if one couldn't care less, then all care is gone, as with our Repuke friends, neighbors, and blackshirts.

[RaleighNCDUer]

4. Sorry, but it is NOT the republicans.

They are merely a symptom.

It is the corporatocracy - an oligarchy of corporate interests which single-mindedly pursue profit and never mind the loss of the middle-class, the American workforce, or the constitution.

There have always been conservatives and liberals, but the difference today is that there is an entrenched corporate elite that makes the 19th century robber barons look like monks.

Any solution that does not include taking on corporate power head on is no solution at all. The corporations own 70% of the republican party and 30% of the Democratic party, and unless we clean house and get rid of the noxious DLC influence we will make no headway against them.

[robinlynne]

5. Actually they need us to lose wealth; every penny we lose goes into their coffers.

[BrklynLiberal]

2. Statistically, we are probably already there....

and so may of those in the worst positions do not even know it yet.
Some even still think prez shit-for-brains is a good man.

[CoffeeCat]

6. We ARE there, but they hide it---

Bush touts "low inflation", and uses the CPI as a measure of a healthy
economy and little inflation.

However, Bush omits FOOD and ENERGY from the CPI. Anyone who puts gas in
a car, eats food or heats a home knows damn well that the price of these
items has risen significantly.

Our economy is a frickin facade.

BushCo must hide inflation. If foreign markets suspected US inflation, the dollar
would be less attractive foreign financiers---especially the ones loaning us ONE
BILLION DOLLARS A DAY--due to our trade deficit.

Furthermore, our government is increasing the money supply by printing money when
they feel like it. This causes inflation---but WHOOPS!---that's hidden, because
again, the CPI doesn't measure FOOD OR ENERGY.

They're hiding inflation intentionally, and it's not because they need
a health economy to prop up their polls. These bastards are systematically
debasing our currency. Hiding inflation allows them to neutralize the stench
and inflict damage for a longer period of time. By the time everyone smells the rotting carcass, it will be too late.

They're intentionally destroying this nation.

[BrklynLiberal]

7. I tend to agree...This is all intentional. As long as they make their money, they could not care

less about the country.
I am sure that Milo Minderbinder is among their heroes.

[reprobate]

8. "They're intentionally destroying this nation." Words to paint on your walls.

Nothing to disagree with there. But let me say that I believe their intention is not to destroy the nation per se, but rather to divide the remaining wealth of the nation among themselves.

It has been said many times elsewhere that the Vampire Elite compose only one tenth of one percent of the population. But that's the same 0.1% that sit in such incestuous intermingling on the Boards of the major influential corporations. Those corporations include War (they call it 'Defense' but it's really just equipment made to kill), Communications (the media), Banking (a few of which bank owners hold most of the shares of the FED - many of those owners are NOT Americans but Europeans), Lobbying, Manufacturing (whatever non-War manufacturing we have left).

So you can boil all that down to the fact that a few thousand interlocking families control everything, EVERYTHING that happens economically and politically in this nation. They are in effect America's nobility. I'd be willing to bet the farm that there is not an altruistic bone in any of the members of those families. They are the Predatory Capitalists, interested only in the increasing wealth of themselves and their class.

Were I a member of one of those families I would be sure to remember the history of France, c. 1789, when the nobility was subjected to close trims by the 'National Razor'. Left them a far quieter group of nobles. When the 'societal crisis' happens here, and every day it appears more inevitable, knowledge of French history would be a survival trait.