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Indybay FeatureRelated Categories: U.S. | Global Justice and Anti-Capitalism
Economic 9/11 Coming?
Dollar crashing, national debt exploding, massive trade deficits...can another 9/11 be expected, this time of the economic variety? The cynically minded will imagine that the Bush Reich will welcome the opportunities provided by total economic chaos and destruction in Amerika. Why? Because they make the game rules and profit...
If we see an economic crisis, say, beginning
with a $US freefall and inability to refinance
the national debt except at *much* higher
interest rates (the Armageddon Option in other
words), then what will the Bush Reich do?
Will they work on the problem? Or, as with
the other 9/11, will they view the disaster
as an opportunity to pursue unrelated agendas
that can be packaged and promoted as part of
the solution -- regardless of the fact that
their prescriptions are likely to have zero
healing power, any more than repealing the
estate tax and the billionaires' taxes created
jobs in the U.S. (many jobs were created in
other countries as the loot fled America,
but that is another story...)
The whole wish list comes out when the economic
9/11 hits: eliminating all corporate taxes by
peddling something called "elimination of the
IRS and income tax" and introduction of a
"national sales tax"; eliminating the ability
of individuals to sue corporations by capping
damages at absurdly low levels (thus preventing
individuals from obtaining lawyers); and of
course, "privatizing" social security, meaning
of course abandoning future beneficiaries or
ensuring their payouts are trivially meaningless
(especially after the economic 9/11.)
It can be no coincidence that Congress recently
passed a law allowing free repatriation of
foreign assets by U.S. corporations -- at a 5%
tax rate, if performed by year end 2005. By
year end 2005 the $US may be worth as much
as a Mexican Peso, and the corporados can
bring back their money and take over everything
I'm pretty sure the smart Republicans got their
money out of the country in time. That's how
the game is played. All that is left here is
debts owed at fixed rates, which will swiftly
be rendered valueless by inflation and the
devalued $US. Along with pensions obligations
and the like...
Speaking of which, this chap says, "Game Over"
In reality, it is just the start of another
game. Money to the pols and mega-wealthy is
about gamesmanship and power, not about "investing"
or using money as a productive tool for doing
something good or patriotic. And I don't know
how many milliionaire "Christian" televangelists
and pastors are out there, but the number is
probably in the hundreds, maybe many thousands...
It's all a game, divorced from morality and
We'll see how this shit goes down. I bet $10
that the politicians come up with another plan
to "protect us" from their own follies.
What can *we* do? Abandon the Democrats and
their donkey idol. Become a burro instead -- you
know how stubborn and uncooperative little
burros can be when they want to! Zero cooperation
with the "they" that have inflicted the coming
economic 9/11 on "us". You know of whom I speak,
[P.S. But don't forget to treat each other well, even
as the hard times hit. Work together, for a change?
Ha. Anyone who can organize crowds of people will
be in a position to effect change. And that doesn't
necessarily require money, just good ideas and
a big shot of charisma. ]