The collapse of the U.S. economy threatens the entire world

[girl gone mad]

Source: Moscow Post

The crisis of the American economy provoked an immediate reaction of world financial circles. As a result, unprecedented downturn in the U.S. stock market, quotes the banking sector collapsed around the world. Investors are not simply become afraid of investing money in the banking sector. They no longer believe in the profitability of banks.

Is it not better the situation and the depositors. They doubted the reliability of the preservation of their deposits as well as the collapse of insurance banks questioned the proper provision of deposit insurance.

As a result, the financial crisis in the United States struck a serious blow to the global economy. Now, many foreign investors have given up investing money in the U.S. economy.

So the authorities of China have already revised their view of the credibility of their money to American banks. At the turn Russia, which puts the U.S. its stabilization fund.

By the way, the economy of Russia just been hit with financial disaster. For example Micex index yesterday fell to 6.18%, RTS - at 4.78%.


Read more: http://moscow-post.ru/economics/001221638177945/

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I thought you guys might be interested in seeing some world reaction to our economic crisis. The translation isn't very good, but it gets the point across. Foreign nations have no confidence in our markets, our currency or our banks right now.

[Kablooie]

1. Yeah but they are just talking about THIS world. None of the other worlds have to worry.

[girl gone mad]

3. Maybe we can all hide out in Sarah Palin's Alaskan bunker church..

and wait for Xenu to come riding in on a comet and rescue us.

:)

[tularetom]

2. When China broadens its consumer base and doesn't need us to buy its crap anymore

the feces will really hit the oscillator.

[Auggie]

9. Exactly

[Virginia Dare]

15. Yup. Already happening...n/t

[Ghost Dog]

4. "The world urgently needs to create a diversified currency and financial system"

... A commentary from a Chinese academic in the official newspaper of China's ruling Communist Party, went as far as to suggest that the global financial system was ruptured beyond repair.

"The world urgently needs to create a diversified currency and financial system and fair and just financial order that is not dependent on the United States," Shi Jianxun, a professor at Shanghai's Tongji University said in the overseas edition of The People's Daily.

/... http://www.reuters.com/article/topNews/idUSLG62875220080917

[ladjf]

5. Unless the U.S. is able to change the way it operates we will

at best become isolated from the World Community and at worst taken over by it.

[Loge23]

6. Yes, that seems to be what's ahead

Particularly if McCain wins, the rest of the world will sadly shake their heads and walk away from the wreckage.
We will be a lone wolf and we will be very vulnerable. Unfortunately for the rest of the planet, we will also have a nuclear arsenal under the control of a nutjob.

[BR_Parkway]

7. They never once consider that all this globalization may not be the

best thing that all these free marketers keep trying to convince it is.

[tom_paine]

8. Just like Hitler and the Nazis...the Bushies threaten all of humanity

on levels more important than mere economics.

But, JUST considering the field of economics, world reactions to Bush and Hitler have been identically pliant and yielding overall, considering the base criminilaity it has been asked to accept. And it HAS accepted and appeased the Bushies, as it had done for the Nazis, is spite of the fact that for both the world grumbled audibly about it.

Why? I think for basically the same reason. The world so dos not wish to step into the abyss of the new world order the Bushies have created/are creating that they are neding over backwards to keep the old one functioning.

Of course, as history showed with Hitler and the Loyal Nazis, as well as will show withBush and the Loyal Bushies, the World's appeasement reaction, born out of an honest desire to resist change, and keep the status quo (ie resisting World War and horrific international fighting, knowing the Bushies and Nazis are coming, anyway), is EXACTLY what Hitler and Bush/Cheney/McCain/Rove (Bushies are more like Commies than Nazis in respect to their hiding their Supreme Leader worship behind faux-egalitarianism)

[Alcibiades]

12. Bush is Hitler is Stalin

It was very clever to get making comparisons to Hitler out of bounds. The fact of the matter is that we are already in a nascent fascist state. All that needs to happen is for one more election to be stolen, and it will be complete. Monica Goodling developed a codeword when making partisan hirings: she called Republicans "good Americans," oblivious to the history of the phrase "good Germans." In economics, Republitards act as if the Gilded Age never happened, and act as if fascism never happened. Complete historical ignorance goes well with their lies. What's remarkable is the extent to which today we see such ignorance among not only voters, but folks such as Goodling as well. Three generations of nonstop television can do that to a country.

One caveat: it's not the case that Bush is more like the Communists than the Nazis "in respect to their hiding their Supreme Leader worship behind faux-egalitarianism." In the first place, they don't hide their supreme leader whoreship: Nazis, the Stalinists and Bushies all exhult in it. Secondly, the Nazis also clothed their leader-worship in fake populism, just as the Republitards and the Communists. Authoritarianism embraces the theory (but never the practice) of egalitarianism within the in-group of the elect, while demonizing everyone else. It was ever thus, even back before the days of Caesar, though Caesar is the classical figure who one would associate with this most strongly.

[tom_paine]

13. Well said and true. Guess I let a clunker slip. It happens.

I agree, and let us not forget that this Mr. Rogers Fascism the Bushies practice, "Inverted Totalitarianism", as labeled by distinguished political scientists Dr. Sheldon Wolin

(if you haven't read the article, do so...the book, too, if you get the chance)

http://www.truthdig.com/arts_culture/item/20080515_chalmers_johnson_on_our_managed_democracy/

relies even more on Faux Populism than Nazism or Communism to create a Nazi-level control of many things, especially the M$M, WITHOUT Nazi level brutality and intimidation, at least across the whole of society.

I didn't know about Monica Goodling's use of "Good Americans" to describe Loyal Bushies, but it fits like a jigsaw puzzle piece with obvious ease. It was a parallel idea with her nazi counterparts from history...like how Liebnitz and Newton each came up with calculus independant of each other.

Of course she called Loyal Bushies "Good Americans". Of course she did. So very reasonable and logical a phrase for her purposes, eh? How could she know she was echoing her oh-so-similar couinterparts (more violent and overtly racist, but otherwise identical) from Germany 70 years ago?

She couldn't know, not with THAT "education". Yet, as so often happen with Loyal Bushies these days, she echoed them PERFECTLY just the same...

[Alcibiades]

14. I'll read the Wolin book

Thanks. As for Goodling, it's not just happenstance that she independently developed concept that parallels the label used to describe Nazi collaborators. Stephen Holmes' 1993 The Anatomy of Antiliberalism makes the case that there is a kind of universal form that all antiliberals share. I used to be skeptical of this claim, but Bush's regime has borne this out. Goodling and her ilk don't need to read Carl Schmitt to know what to do: they have a direct connection with the leader, who is anointed by god, himself, and so we come full circle to theories of divine right. :crazy:

[tazkcmo]

10. Me either :(

But then I have nothing but family and love. Steal THAT you greedy financial "wizards".

[Auggie]

11. Disaster Capitalism at work. Just wait for them to unveil their solutions.

[pattmarty]

16. What may happen if world economies collapse........

.....aka depression, is the EU, Russians and especially the Chinese will all say about the American economic system is; "we don't need no steenkin Americans".