This Tragedy could set off a National Economic Collapse

[mopaul]

just think about it, the oil refineries, the homeless, the clean up, the disease, the loss of income, the rebuilding, it's ghastly to comprehend. and all of our money is going to iraq and being stolen by the bushco pirates.

it's just hard to think positively on a day like this.

[SmokingJacket]

1. We've been teetering on the edge for some time.

This will certainly hurry things along.

[tom_paine]

2. Perhaps, perhaps not. This nation has withstood amazingly well

the depradations of the past 5 years, sucking literally TRILLIONS from our coffers and into the hands of the Friends of Der Fuhrer.

It has withstood amazingly well the economic & social blunders extraordinaire, and while this may well be the tipping point, we could also survive this, too.

That's the most hope I can muster at the dawning of the Age of Totalitarianism.

[Rabrrrrrr]

9. Normally, I would agree with you - however, given that the current

administration WANTS the US to be destroyed economically in order to bring us into a feudal system, while perhaps the New Orleans disaster doesn't ipso facto need to result in the economic ruin of the US, I can very easily imagine a scenario in which the administration used this event as the final death knell for bringing their own economic destruction to the US.

[Angry Girl]

15. You are sooooo right

This administration is so corrupted by oil interests, it boggles the mind to think that these people are still in charge....

Oil at $100+ a barrel is something these people cream about and if they could get away with blowing up their own oil rigs and *create some new emergency* they would do it in a heartbeat.

From The Onion, but it's certainly on target:
http://chak.org/pages/onion/bush_nightmare.html

[Rabrrrrrr]

16. LOL! Yes, I remember when that article came out!

Brilliant then, and proving to be entirely clairvoyent, too.

[danalytical]

3. We'll get through it

We have seen many disasters just like this in the US. Think Andrew or the Great Alaska quake. It will be taxing on the nation for sure, and it has already ruined thousands of lives, but I don;t think we'll see an economic colapse or anything. Now, if we get a huge California earthquake tomorrow or another hurricane headed towards the south we might be in trouble.

[mopaul]

7. yeah but we have pirates in the white house

[Oreegone]

17. Oh Yeah

Just wait till they don't get those oil refineries and wells back on line soon enough. Hate to sound like a doomsdayer, but what do you think that will do to our economy if they start rationing gas? The national reserve is just that. It can't cover forever and it could be a while.

[leftofthedial]

4. yeah, gee. I might lose my job or something

Oh wait! I haven't had a real job in three years.
Never mind.

[Drewskie]

8. lol (nt)

[NYC]

5. The interruption of shipping.

You missed that one.

[sweetheart]

6. patience

Your opponents have "infinite" time and will press no advantage, letting
the debt simply mount up over years in to a burden that will crush
the empire without a whisper.

[Don Claybrook]

10. Not to worry, mopaul. It'll all be fine

The famed Bush Economic Team will be all over this.

What could go wrong?

[Drewskie]

11. oil

Oil platform equipment in the gulf depreciates rapidly anwyays since salt water wreaks havok with the equipment. Getting the oil back on line is the most crucial issue. If it had been New York or Chicago lost... well then that might have been national economic collapse...

[yodermon]

12. The Port of Southern Louisiana is key.

An email I got yesterday from Stratfor, just before the hurricane hit:
(sorry no link, this is private email)

The Port of Southern Louisiana is the fifth-largest port in the world in terms of tonnage, and the largest port in the United States. The only global ports larger are Singapore, Rotterdam, Shanghai and Hong Kong. It is bigger than Houston, Chiba and Nagoya, Antwerp and New York/New Jersey. It is a key link in U.S. imports and exports and critical to the global economy.

The Port of Southern Louisiana stretches up and down the Mississippi River for about 50 miles, running north and south of New Orleans from St. James to St. Charles Parish. It is the key port for the export of grains to the rest of the world -- corn, soybeans, wheat and animal feed. Midwestern farmers and global consumers depend on those exports. The United States imports crude oil, petrochemicals, steel, fertilizers and ores through the port. Fifteen percent of all U.S. exports by value go through the port. Nearly half of the exports go to Europe.

If New Orleans is hit, the Port of Southern Louisiana, by definition, also will be hit.
(snip)

At a time when oil prices are in the mid-60-dollar range and starting to hurt, the hurricane has an obvious effect. However, it must be borne in mind that the Mississippi remains a key American shipping route, particularly for the export and import of a variety of primary commodities from grain to oil, as well as steel and rubber. Andrew Jackson fought hard to keep the British from taking New Orleans because he knew it was the main artery for U.S. trade with the world. He was right and its role has not changed since then.

[Angry Girl]

13. TOO LATE! Economic collapse already begun!

U.S. economic collapse looming for 2005
by William Engdahl
From the August 2004 Idaho Observer:
http://proliberty.com/observer/20040808.htm


Global Economic Collapse
by Steve Jones
April 24, 2005
The coming global economic collapse will turn America into third world "basket-case" economic status as a nation when it arrives. Even now, its economic infrastructure is being largely gutted and outsourced to other nations such as China.
http://www.freepress.org/departments/display/10/2005/1248


World financial system heading for collapse, author says
Reporter: Eleanor Hall
ELEANOR HALL: A former United States trade negotiator and businessman is warning that the world financial system is headed for collapse before the end of this decade unless US policymakers make some radical changes.
http://www.abc.net.au/worldtoday/content/2005/s1446716.htm


Renowned Funds Manager Predicts Global Economic Collapse
cyberjournal.org/cj/show_archives/ 30 Jun 2005
http://cyberjournal.org/cj/show_archives/?id='979'&batch='16'&lists='cj'


Friday, June 03, 2005
Global Economic Collapse
http://goldprice.org/news/2005/06/global-economic-collapse.html

[onecent]

14. Insurance companies, auto companies n/t

[wli]

18. already started, it'll sure make it collapse faster, though n/t