Republican Policies Spread Results Worldwide
By Susie Madrak Monday Jan 05, 2009 5:00pmRemember when they explained to us we needed to have the Republicans in charge "because they're good with money"? Remember how excited the Villagers were about having a Harvard MBA president? Ah, good times!
The deep river of private money that helped knit together the global economy has abruptly dried up, new government figures show.
As the global financial crisis grew more severe this summer, foreigners sold almost $90 billion of U.S. securities — the greatest quarterly fire sale by overseas investors since the government began keeping track in 1960. U.S. investors also are retrenching; they unloaded about $85 billion worth of foreign holdings in the quarter, says the Commerce Department's Bureau of Economic Analysis.
"We've had a global panic. Everyone is pulling their money home," says economist Adam Posen of the Peterson Institute in Washington, D.C.
That's bad for economic growth in the U.S. because it threatens to starve capital-hungry companies and entrepreneurs. But it's especially serious for emerging-market countries that rely heavily on outside financing. Capital flows into countries such as South Korea, Turkey and Brazil were evaporating even before the mid-September Lehman Bros. bankruptcy made things worse.
The reversal of private capital flows signals an abrupt end to a nearly two-decades-long era of financial globalization, says economist Brad Setser of the Council on Foreign Relations. Private flows into and out of the U.S. for purchases of stocks, corporate bonds and federal agency bonds have dropped from around 18% of economic output to near zero "in a remarkably short period of time," Setser says.
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Integrity, honesty and ability can not be bought and sold, One either has it or one is a republican.
Sounds like Republican values to me!
Denial seems to be at epidemic proportions, especially over the last eight years. America was looking in the mirror this morning, bleary-eyed and fuzzy headed, trying to nip the illusive unpleasant notions that it's collective myopia tried to focus on, and has finally noticed it's reflection in a side mirror. There in glaring clarity as it spied a hirsute ring of badly timed acquiesence not unlike some medieval monk realizing that the jig's been up for quite some time. There issued forth, not so much a squeak of despair but rather a groan of acceptance, that indeed, America was the sucker at the poker table for the infidel Boosh.
What recourse?, pre-senile despondency perhaps, frantic frustration I suppose, an all-too-frequent chemical dose of consciousness annihilation (Fox News), a desperate clot of pointless work and projects by the religious "right" that bring no happiness or joy. The punched ticket on the happy-go-lucky trolley of life clutched in it's sweaty palm which has a smudged destination and arrival time, but can be barely read to be a one way ticket. "Cocktails for no one and all," the smiling mortician (Cheney) incants as the trolley sways in it's mad-capped rhythm towards the end of the line.
Things are 'bout to change for the better. Long live the new flesh!
http://www.youtube.com/watch?v=qlqqeobOJvg
But do they know what to do with a Southern Sampler?
http://www.wjno.com/cc-common/news/sections/n...
http://www.youtube.com/watch?v=c7dntHBvaEU
Who bought these "securities"?
Could it be that Bush needed billions of dollars right away to bail out the bad investments that the Saudis bought?
Nah!!! Bush wouldn't do that now would he?
It does explain why they are being so tight lipped about where the bail out money went.
Billo was outed on Faux News twitter channel.
I blame the liberal media and Faux myself.
For what?
Can the Ivy League institution that awarded him his MBA
1) retract the degree, like Bush did with that pardon, or
2) be sued for malpractice
Economic globalism was a high-level scam perpetrated and spearheaded by free-marketers like the University of Chicago's Milton Friedman and his minions and propped up by the fascist Leo Strauss and other neo-cons/neo-liberals. The Mulitlateral Agreement on Investment and the WTO were vehicles to return the West to the 19th century in which governments would be handmaidens to the captains of industry at the expense of the citizen/subject/vassal. It was a criminal flight into greed and fantasy and has been repudiated by the Malaysians, the New Zealanders and, to some degree, the Euros. At base, it allowed corporate interests to trump the elected governments in democratic nation states. It's a return to feudalism at the global level and is the strongest piece of evidence that the failed elites in the G-8 are fundamentally corporatists/fascists who have only contempt for their fellow citizens/primates.
(see "The collapse of globalism" (2005) by John Ralston Saul, a Canadian philosopher and social analyst for a good read on the topic.) (ISBN 0-670-06367-3)
I have a feeling they been good for the international shoe manufacturing business.
After Enron and then to the giants of Fannie Mae, et al, what thinking investor would invest in a country which allows, nay, enables creative accounting which shows anything but a true view of the financial in/stability of a possible investment?
This is what Republicanism has given us. Enron was the canary. The entire mine has since collapsed.
An bob murray is there spokes"man."
Kinda like their thighs in airport men's rooms?
'What we are witnessing is a once great power engaging in fantasy to disguise from itself that it is a failed state.'
Could you please explain your position a little better on economic matters. Pardon me if I get the wrong impression, but it seems you are upset about something (the economy) you have shown to know little about. If you have any capital market questions, I would be more than happy to help answer them (as I am from the industry and out of work too :).
Regards.
Integrity, honesty and ability can not be bought and sold, One either has it or one is a republican.
Or democrat.
All polititians are propagandists.
All money is debt. The deep river is debt. Hold a dollar in your hand, you are holding someone's debt in your hand. Everyone's savings account is a debt. The bank owes you the money. The Social Security trust fund is a debt, as well as the infinite horizon unfunded obligations.
Inflation always ends in deflation. Is it inflation policies or deflation policies that are spreading results worldwide?
Every boom ends in a bust. 100% of them. Is the bust causing the bust, or the boom?
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