Some one has to start it, Americas default.

Political change may have to take a similar path to those seeking to overthrow despotic regimes in the Middle East...

I hope the US police/military/home-guard do not start by shooting etc their own peacefully protesting citizens....

Economic change will see total mistrust of all fiat currencies, leading to HYPERINFLATION and the Greatest Depression as Doug Casey calls it... http://www.caseyresearch.com/cwc/economic-crisis-part-ii

Got your escape machine ready ? - - - Go get your boat sorted, ship-shape and ready NOW...

 

Personally as an American, I'm infinitely disgusted at the whole situation in Washington, D.C.

I was cheering for a perfect storm combining a standoff, a national default, a collapse of the U.S. economy due to a lack of confidence, and a subsequent collapse of the entire global economy that makes what happened in the 30's in the USA look like a picnic. And most importantly, a clear path of evidence leading back to the ****** that run my country, that it was their fault and no other. With blame spread equally among all parties that it was clearly the two branches of the U.S. government which were involved in this debacle that caused the entire global economy to turn to ****.

The single biggest flaw of Democracy is that anyone inclined to run for office is by definition unqualified to hold it.

Rather than the current method of selecting candidates, I think there should be a way for people to choose who gets on the ballot, with a checklist of qualifications including a psychological profile by several different people, and then only if the candidate campaigns down to their last penny against himself/herself.

 

A perfect world? - Not in our lifetime - - - or the next..............

The decay and eventual collapse will be drawn out as long as can be:
- as for the politicians, "...do not want it on my watch."
- As for the banksters who set up this whole mess for their self-interested profit "... still more money to extract from the suckers."
- As for the 'good citizens' - - still in denial...
- As for the 'don't know masses' - - filled with too much b***s*** to know which is what...

 

China has said enough is enough and speaking quite loudly with its disapproval of how America is handling its affairs. Through a translator a Chinese financial expert said America is not triple A and it is a lie and a sham to call itself that.

America has not done anything like enough to curb its spending yet debt continues as I type.

There can be only one conclusion--they don't know what to do and a bit of 'too big to fail' attitude.

The balance of budget is a simple equation any housewife understands it. Yet if obama sat down this day and took out his pen and wiped off this and that he would not get it passed,--not a chance. So what do we do now?

What your doing in Afganistan I dont know,--and Iraq, you have air bases everywhere Japan Europe ,--cut back for Petes sake, its over, America is not the world leader.

As I briefly mentioned before, the demise of America has been known for some time --the Euro is meant to take over and its a bit surprising as to the speed of which it is doing so. Yes the Greeks have sucked a lot out of it but the Euro will I think survive yet Greece owes nothing like USA.

Its Gonna get nasty, all you can do is try to protect yourself from anything American or dollar related.

 

I share angst over some of the same things as you do Frosty, but not necessarily in the same way.

First, if it were as simple as voting the Republicans in it would have worked over a decade ago when Bush Sr got in. Didn't happen. Nor when his son got in after Clinton. And Clinton's budget, while it was getting closer to the black, that was still a bit of hocus pocus because even though the deficit was getting smaller it was because the taxes were raised even faster than they were being spent.

Even if you divide American politics into 3 major parties (Democrat, Repulican, Tea) none of the sides has the right of it if for no other reason than their stupid insistence on zero compromise. Even if you eliminate that fault none of the groups has a viable model. Each is to concentrated on protecting one niche at the expense of all others, and claiming that they speak for the "silent majority" or whatever horse tripe term they want to call it now.

On to what economy is up and coming: The only reason the USA is still the world's strongest economy is because China is still a socialist republic. If their communist/socialist government were overthrown and a capitalism took over, it would be the end of the USA and the EU both in a matter of a couple decades, and there's not a thing anybody over here could do about it.

 

One thing that burns me to no end is the partisan crap that is aimed at damaging the constituency of members of an opposing party. For example this FAA thing.

If I were running the FAA, the airports actually shut down would be the airports where the authors and supporters of that piece of junk were going to land when they left for vacation.

 

On topic, and I promised someone I would post some links to reliable GEC news blogs... Most have a free subscription service as well as a pay for advanced information option sent regularly by email...

This timely information will hopefully help you keep abreast of global concerns and events and keep you sailing in the best seas and breezes that can be found to suit your needs and aspirations... Good sailing...

http://rt.com/programs/keiser-report/ - cheeky but reliable
http://inflation.us/about.html - dedicated
http://www.gata.org/ - best quality research in the business
http://www.caseyresearch.com/free-publications/caseys-daily-dispatch - Casey Research
http://www.caseyresearch.com/gsd/home Ed Steer's Gold and Silver daily
http://www.kingworldnews.com/kingworldnews/King_World_News.html - access to the most knowledgable people
http://www.shadowstats.com/ Statistics as would be reported in PRE CLINTON DAYS
http://www.usdebtclock.org/ Number crunching to scare you totally
http://www.roadtoroota.com/public/department39.cfm - a personal view of Bix Weir, who seems to get it right often
http://www.moneymorning.com.au/ Australian economic discourse
http://www.dailyreckoning.com.au/ Australian economic discourse
http://www.chrismartenson.com/
http://goldsilver.com/
http://www.infowars.com/
http://tv.globalresearch.ca/
http://www.trendsresearch.com/gerald.php?referredBy= Good listening and wise advice (love the Jewish/Brooklyn accent)
http://www.capitolconnection.net/capcon/cftc/032510/CFTCwebcast.htm
http://mises.org/ - The Austrian School of Economic Thought
http://www.economy.com/dismal/?refresh=1
http://www.kereport.com/
http://www.aljazeera.com/ - Do not "kick it" because it is the view from the 'Middle East' - It gives another valid perspective
http://www.sbs.com.au/
http://www.bbc.co.uk/news/world/asia_pacific/
http://www.abc.net.au/news/justin/
http://www.thecoastalpassage.com/ - views a bit strongly put from around the Whitsundays, Queensland for boaters...
http://distrowatch.com/ - Alternate computer operating systems that ARE ROBUST (as used by many ISP's and also on the CRAY supercomputers...
http://yachthub.com/ for the boating scene for the Australian and NZ region

 

I just had a thought while painting eurothane, I think its done my brain in.

I was thinking perhaps the politicians know what we've been talking about and lets face it they must. Maybe just maybe they were trying to get the country to default on purpose. This way the Government is out and perhaps a new type would be brought in . In other words lets get it over with an rebuild without drawing it out any longer.

When you at the bottom there is only one way from there.

The Republicans finally voted almost unanimously, just one guy held back, he said it was madness and did not cure anything, we are following the identical steps to the crash of the 30's.

I don't get it, I don't understand the complacency, the stupidity, the self destruction, I guess I must'nt understand the situation properly,--but hang on a minute maybe they want me to think that.

When do you think there will be demonstrations in the street?---Wall street.

 

When they wake up from their comatose state?

Its - - Time for an adventure... http://www.boatdesign.net/forums/sailboats/time-adventure-39088.html

 

the scam was pretty transparent from the start. Bail out the few who invented the failure in the first place. That means the banksters and crooks on Wallstreet got paid coming and going, on borrowed money. They had to have known that the politicians they bribed/campaign contributed into orifice wouldn't give up there cash cow even if it meant throwing the country into financial ruin. The ( choke hack spit ) politicians are in it for themselves and obviously foisting off the bill on the public was in the plan from the beginning.

So now we can all see by the latest republitard antics its ( as if no one could see it already ) even more clearly that the take from the poor and give to the rich plan is working out just fine. What the new debt deal really does is foist off the federal gubments responsibilities to the state level, which the states will handle exactly as the republitards wanted, by cutting social services and raising taxes on the lowest of income brackets/people least able to pay. By demolishing the middle class and now going after the lower class what the republitards are really doing is recreating the two class system that seems so fundamental to there overall plan, which is anyones guess unless its something like sell the country to China.

The democraps are really not much different although there methodology is. they'd have simply spent so much money that we'd all end up using dollars as TP. A second stimulus package, are you bloody serious? News flash, that first stimulus farce did nothing to stimulate the economy and by most measures actually placed it in worse position that it was at the beginning. The numbers are staggering 1.7 million foreclosed homes are owned by banks in this country, and about 2~3 million are awaiting foreclosure. So many that the banksters are "donating" them to be bulldozed and taking the write off rather than letting the unfortunate "former" owners stay on and make what payments they can. Sorry but the recovery is a crock. Nothing recovered and now we are only farther in debt than ever before.

brilliant eh
just shows what can be done when 500 of the top corporations all act independently in there own best interests buying off the politicians and screw everyone one else. Ah yah gotta love the corporate oligarchy hard at work. Reminds me of Upton StClairs "The Jungle"

Saddest part is they did it right when the environmental crisis was at that critical moment of "do something now or forever kiss your *** goodbye". My recent articles over on the Nasa supposedly says bla bla bla thread clearly indicate the severity of the environmental crisis and the desperate situation our ecosystem is in. Last thing we needed was to be wasting trillions on these fools.

kinda a perfect storm if you ask me. Except this time we are all on board.

 

Frosty wrote:

"America has not done anything like enough to curb its spending yet debt continues as I type."

Stop bloody typing Frosty!!

I don't understand the International Monetary System, I think a country is far better concentrating on its domestic market. This somewhat insulates it from what is happening overseas.

Somehow in my ignorant little way, I think that is Americas problem. As Americas population grew it had a large demand within its domestic market, selling its population cars and domestic appliances.

Now it's full of people, that's the end of the domestic market and they don't really have much to supply to the rest of the world.

Elvis is dead, there's nothing left.

 

USA saved England; ergo Frosty. USA saved Australia; ergo Masalai.

 

That said, it is time to quit spending like drunks in port.

 

I'm not really a pro-USA guy, but anyone notice what killed the markets today? (Hint, it's on the Eastern side of the Atlantic Ocean).

Plenty of bad political / economic decisions all around.

 

This is what you were cheering for? You were hoping the entire global economy would turn to ****, and that it would be blamed on the US?

Talk about cutting our nose off to spite our face... that makes about as much sense as that guy in the news who tried to shoot a wart off his finger with his handgun. What have you been putting in your tea lately?

"It has been said that democracy is the worst form of government except all the others that have been tried."
--Winston Churchill

There's already a way for people to choose who gets on the ballot. It's called a primary. If you think turning the selection of candidates over to some elite group instead is the way to go, you'd have been really, really happy in Soviet Russia. And you'd be ecstatic in Iran today, where no one can run unless they're OK'd by the Ayatollah and his merry band of mullahs.

You'd like to see candidates for office chosen based on their 'psychological profiles'?!? You must be kidding.

I wouldn't trust the average social scientist's judgment on what color socks I should wear tomorrow, much less on who should be in charge of the country.