Tuesday, May 17, 2005
The Economic Tsunami
It seems that there are a growing number of people who believe as I do, that the economic tsunami planned by the Bush administration is probably only months away.
The administration is currently putting as much pressure as possible on OPEC to ratchet up the flow of oil another 1 million barrels per day (well over capacity) to settle down nervous markets and buy time for the planned bombing of Iran in June.
The country has been intentionally plundered and will eventually wind up in the hands of its creditors as Bush and his lieutenants planned from the very beginning.
Did Americans really believe they could avoid a similar fate?
If so, they'd better forget about it, because the hammer is about to come down big-time, and the collateral damage will be huge. [Counter Punch]
Asian investors are no more optimistic than investors elsewhere Investors are growing gloomier about prospects for the world economy and are expecting weaker growth, a survey of fund managers has indicated. [BBCNews]
Fears for dollar as central banks sell US assets
The world's central banks were net sellers of US assets in March for the first time since September 2002, according to figures that may hint that the recent rebound in the dollar will be temporary. [FT}
Foreign investors sell U.S. assets
International investments in U.S. securities dropped to $45.7-billion (U.S.) in March from $84.1-billion in February, the U.S. Department of Treasury said Monday, further evidence that foreign central banks may be diversifying their holdings away from U.S. assets. [GLOBEANDMAIL]
America's Reputation in Tatters
George W. Bush and his gang of neocon warmongers have destroyed America's reputation. [AntiWar]
''Domestic Threats to China's Rise''
There are many domestic liabilities that could bring China's economic expansion to a halt. The vast division between the booming economies of the coastal cites and the stagnation of the interior, environmental and social problems derived from centrally planned projects and the "bad" loans that continue to plague China's state-controlled banks could still sink the tremendous growth of China's economy. [PINR]
Bush Warns Beijing: Stop Selling Weapons or Else
"They're threatened by the destabilization of the world economy if there's a CBW (chemical or biological weapons) war in the Middle East that disrupts the world's oil supply," he went on.
Chinese companies, including companies owned by the People's Liberation Army, continue shipping technology to missile programs such as Iran, Pakistan and North Korea. [NewsMax]
Rest in Peace, United States of America
Born, July 4, 1776 - Assassinated May 10, 2005
While "shooting the bastards" has absolutely been placed in play now, I do not wish the American people to engage in a random "shooting of the bastards" for its own sake. Rather, we do what free people do: we form a government, we reject all current tyrannical governments, and we back that up with force if necessary.