Tuesday, June 16, 2009

World's Leading Terrorist States in Danger of Collapsing

Gasp! Shriek! Wail!... He didn't mention Israel! He must be anti-Semitic to not mention how the USA collapsing financially will affect our only "ally" in the ME.

Looks like the world's leading terrorist states, the USA and Israel are starting to circle the drain. We're going to choke on our own greed, stupidity and arrogance as the rest of the world says, "Enough, we're no longer financing your Empire, your wars or your self-indulgences, we've had it!"

When we fold up shop, Apartheid Israel won't be far behind in shuttering it's doors for Jews and Jews alone nightmare state.

America, welcome to the lifestyle of those nations we just loved to invade and steal their natural resources, welcome to the THIRD WORLD.

The American Empire Is Bankrupt By Chris Hedges
June 15, 2009 "Truthdig" --- This week marks the end of the dollar’s reign as the world’s reserve currency. It marks the start of a terrible period of economic and political decline in the United States. And it signals the last gasp of the American imperium. That’s over. It is not coming back. And what is to come will be very, very painful.

Barack Obama, and the criminal class on Wall Street, aided by a corporate media that continues to peddle fatuous gossip and trash talk as news while we endure the greatest economic crisis in our history, may have fooled us, but the rest of the world knows we are bankrupt. And these nations are damned if they are going to continue to prop up an inflated dollar and sustain the massive federal budget deficits, swollen to over $2 trillion, which fund America’s imperial expansion in Eurasia and our system of casino capitalism. They have us by the throat. They are about to squeeze.

There are meetings being held Monday and Tuesday in Yekaterinburg, Russia, (formerly Sverdlovsk) among Chinese President Hu Jintao, Russian President Dmitry Medvedev and other top officials of the six-nation Shanghai Cooperation Organization. The United States, which asked to attend, was denied admittance. Watch what happens there carefully. The gathering is, in the words of economist Michael Hudson, “the most important meeting of the 21st century so far.”

“We will have to finance our own military spending,” Hudson warned, “and the only way to do this will be to sharply cut back wage rates. The class war is back in business. Wall Street understands that. This is why it had Bush and Obama give it $10 trillion in a huge rip-off so it can have enough money to survive.

It is the first formal step by our major trading partners to replace the dollar as the world’s reserve currency. If they succeed, the dollar will dramatically plummet in value, the cost of imports, including oil, will skyrocket, interest rates will climb and jobs will hemorrhage at a rate that will make the last few months look like boom times. State and federal services will be reduced or shut down for lack of funds. The United States will begin to resemble the Weimar Republic or Zimbabwe. Obama, endowed by many with the qualities of a savior, will suddenly look pitiful, inept and weak. And the rage that has kindled a handful of shootings and hate crimes in the past few weeks will engulf vast segments of a disenfranchised and bewildered working and middle class. The people of this class will demand vengeance, radical change, order and moral renewal, which an array of proto-fascists, from the Christian right to the goons who disseminate hate talk on Fox News, will assure the country they will impose.

The cost of daily living, from buying food to getting medical care, will become difficult for all but a few as the dollar plunges. States and cities will see their pension funds drained and finally shut down. The government will be forced to sell off infrastructure, including roads and transport, to private corporations. We will be increasingly charged by privatized utilities—think Enron—for what was once regulated and subsidized. Commercial and private real estate will be worth less than half its current value. The negative equity that already plagues 25 percent of American homes will expand to include nearly all property owners. It will be difficult to borrow and impossible to sell real estate unless we accept massive losses. There will be block after block of empty stores and boarded-up houses. Foreclosures will be epidemic. There will be long lines at soup kitchens and many, many homeless. Our corporate-controlled media, already banal and trivial, will work overtime to anesthetize us with useless gossip, spectacles, sex, gratuitous violence, fear and tawdry junk politics. America will be composed of a large dispossessed underclass and a tiny empowered oligarchy that will run a ruthless and brutal system of neo-feudalism from secure compounds. Those who resist will be silenced, many by force. We will pay a terrible price, and we will pay this price soon, for the gross malfeasance of our power elite.


Barbara L said...

Shit Greg, we have seen this coming for some time. I wrote about this day two years ago and got laughed at.

The fear I have is, people will begin to riot and that is the thing that they want. Obama will look inept but he is doing his job properly. And it ain't the one he was elected to fulfill.

The Rocketfellers have been loved and adored in China for many years because they have been investing heavily there. Why? Because China is the model they want for the Western world. Big time.

Crap you really do know how to ruin a girl's day. I was gonna go and look at clothes, watch talk shows, think about Hollywood and maybe get my feet done. Now I have to think ... think? ah tiddlywinks!

Who wants to hear bad stuff on a nice summer day! Ima gonna go and have my toenails painted.

Chinese red ya think?

Bilejones said...

Good news for the rest of the world, shame about the dumb fucking yanks.

dakota1955 said...

Greg, you've gotta see this:


Joy said...


It is not that the Rockefellers/jews love China, it is that they know that their bleeding of the Anglo-Saxon nations is coming to an end. (Praise God!)Like any parasite, when the host is dying and has been bled dry, it starts looking for a new host.
I totally understand about the dilemma, pedicure versus our survival, tough choice huh? :)

Greg Bacon said...

We being bled dry alright, but what bothers me the most is that the worst of this will fall on our children's and grandkids heads, not ours.

And that's outrageous.

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