Doomsday Capitalism: Revolution in 22 tweets

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By Paul B. Farrell, MarketWatch


ARROYO GRANDE, Calif. (MarketWatch) — Yes, it’s called the Doomsday Capitalism revolution. And I’m betting you’ll be able to track it on Twitter. In fact, I’ve got 22 rapid-fire tweets in four acts, all ready when the flashpoint ignites. We’ll fire them off in milliseconds, like secret offers from a quant’s high-frequency trading algorithms.

Warning: For Warren Buffett this revolution began years ago: “There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.” Yes, that is exactly what Buffett told Ben Stein a few years ago in a New York Times interview.

Get it? This new preemptive war is already in progress, and America’s billionaires are the aggressors: Buffett’s billionaire buddies on the Forbes lists, his Wall Street banker buddies, his exporter buddies in China, all of Buffett’s buddies in this “rich class” are already engaged in a hostile takeover war against the American middle class, against the working class and the poor, against all Americans not on the Forbes lists of billionaires.

And yes, they’re already winning big, as you can see in their latest war strategies to buy the midterm elections and further concentrate their power at the top.

But they’re doomed to implode. We warned of the dot-com crash in early 2000. Warned of a subprime-credit meltdown for four years before 2008. Now we’re warning that a Doomsday Capitalism revolution is near ignition. ..........(more)

The complete piece is at: http://www.marketwatch.com/story/doomsday-capitalism-revolution-in-22-tweets-2010-10-19