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Reply #11: Deficit spending: National absurdity, international gamesmanship, and manipulation by transnational [View All]

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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-07-11 06:33 AM
Response to Reply #10
11. Deficit spending: National absurdity, international gamesmanship, and manipulation by transnational
Deficit spending: National absurdity, international gamesmanship, and manipulation by transnational corporations

Analysis: About all that can be said for the major global economies of the U.S., China, the European Union, et. al. is that they are collectively insolvent and engaging in massive interactive fraud, misrepresentation of national financial health, and mutual exploitation.

The U.S. as the overseer of reserve currency is trying to print its way back into solvency and its banks, like Goldman Sachs, have provided the poison pills for EU implosion with their fraudulent derivatives. Europe will not face the facts that it has unsustainable welfare state commitments and that its banks extended credit and covered debt for Greece, Italy, Portugal, Spain, and Ireland (often through private banks in those countries) that were not warranted and could not be paid back...China (the current growth darling) is devaluing its currency, destroying its environment, poisoning its population, experiencing growing unrest, separation of wealth, collapse real estate values, and corruption in governance in the governments effort to maintain unsustainable growth, trade imbalances, and grip on autocratic power...The real threat, however, to the global economies is not nation against nation but transnational corporations allied with so-called ruling elites against 99% of us. This alliance is intentionally playing nations against each other in an effort to control, maximize, and concentrate parasitic wealth in the hands of a global few at the expense of productive middle class citizens.

There has been no better evidence of this than the eerie world-wide cover-up and bailing out of derivatives and bank fraud, the non-prosecution of hundreds of thousands of confirmed cases of forgery over private property conveyance (United States), the hollowing out of national revenue and well-being through austerity (Ireland), and the stripping of national assets and sovereignty (Greece with more to come). Bought and sold has acquired a whole new level of meaning.

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  -STOCK MARKET WATCH, Wednesday, December 7, 2011 Pale Blue Dot  Dec-07-11 05:49 AM   #0 
  - Today's Reports  Pale Blue Dot   Dec-07-11 05:49 AM   #1 
  - Oil rises to near $102 amid mixed US demand signs  Pale Blue Dot   Dec-07-11 05:50 AM   #2 
  - U.S. Stock-Index Futures Climb on Optimism Euro Summit Will Solve Crisis  Pale Blue Dot   Dec-07-11 05:51 AM   #3 
  - US payday lenders target UK working poor  Demeter   Dec-07-11 06:00 AM   #4 
  - EU talks on doubling financial firewall  Demeter   Dec-07-11 06:01 AM   #5 
  - Obama signals tougher penalties for bank fraud  Demeter   Dec-07-11 06:03 AM   #6 
  - It's Accountability Time for Banks and Wall Street  xchrom   Dec-07-11 07:31 AM   #26 
  - EU bailout funds skepticism (so what's new?)  Ghost Dog   Dec-07-11 06:03 AM   #7 
  - Live Hearing On Whether Insider Trading By Congress Should Be Illegal  Demeter   Dec-07-11 06:11 AM   #8 
  - Social Security 2011 Another Bad Year  Demeter   Dec-07-11 06:14 AM   #9 
  - Your Choice, Europe: Rebel Against the Banks or Accept Debt-Serfdom  Demeter   Dec-07-11 06:28 AM   #10 
  - Deficit spending: National absurdity, international gamesmanship, and manipulation by transnational  Demeter   Dec-07-11 06:33 AM   #11 
  - good morning all...  xchrom   Dec-07-11 06:38 AM   #12 
  - W cancels visit to Swiss charity gala over fears he could be arrested on torture charges  Demeter   Dec-07-11 06:40 AM   #13 
  - Obama Road Tests Hopey-Changey Big Lie 2.0: Hell Reincarnate as Teddy Roosevelt if You Are Dumb Eno  Demeter   Dec-07-11 07:22 AM   #24 
  - We are not going to go quietly into DU3 are we?  kickysnana   Dec-07-11 07:39 AM   #28 
  - Is it that bad?  Demeter   Dec-07-11 07:43 AM   #30 
  - I probably shouldn't post my opinions before 9am the day after a death in the family. LOL.  kickysnana   Dec-07-11 07:57 AM   #37 
     - Let me offer my condolence on the loss of your aunt. eom.  Hotler   Dec-07-11 10:04 AM   #51 
     - Condolences to your family  Demeter   Dec-07-11 12:19 PM   #56 
  - I wonder how many of us will last.  Fuddnik   Dec-07-11 08:28 AM   #45 
     - Have been on DU for years, no problem....  AnneD   Dec-07-11 10:59 AM   #55 
        - I haven't heard from Oz or anyone for a while.  Fuddnik   Dec-07-11 12:22 PM   #57 
  - Ayuh  Po_d Mainiac   Dec-07-11 07:48 AM   #32 
  - Isn't that kinda like....  AnneD   Dec-07-11 01:07 PM   #58 
     - Justice (and survival) Demands Prosecution  Demeter   Dec-07-11 01:38 PM   #60 
  - indeed. nt  xchrom   Dec-07-11 07:49 AM   #33 
  - It didn't make the papers here....  AnneD   Dec-07-11 08:24 AM   #44 
  - Good! n/t  Hotler   Dec-07-11 09:42 AM   #49 
  - America's army of jobless  Demeter   Dec-07-11 06:47 AM   #14 
  - your moment of levity: America, Meet the Mouth of John Burton  xchrom   Dec-07-11 06:49 AM   #15 
  - Lehman Enters Final Bankruptcy Phase as Judge Approves Plan  Demeter   Dec-07-11 06:51 AM   #16 
  - Fiction, Fantasy and the Euro  xchrom   Dec-07-11 06:51 AM   #17 
  - europe: Rajoy and Zapatero back EU Treaty change to save euro  xchrom   Dec-07-11 06:55 AM   #18 
  - Summit Seen Backing 'Merkozy' Plan - But Then What?  xchrom   Dec-07-11 07:28 AM   #25 
  - December 9 European Union Summit: Solution to the eurozone crisis or a fudge?  xchrom   Dec-07-11 07:52 AM   #35 
  - Economists see France losing AAA in 3 months - Reuters poll  xchrom   Dec-07-11 08:05 AM   #41 
     - One of the last...  AnneD   Dec-07-11 08:49 AM   #46 
        - hi miss AnneD  xchrom   Dec-07-11 09:02 AM   #48 
           - We have finally been getting some rain....  AnneD   Dec-07-11 09:47 AM   #50 
              - good to hear about the rain -- i've been watching what la nina is supposed to  xchrom   Dec-07-11 10:08 AM   #53 
  - south asia: Indian despair at parliamentary circus  xchrom   Dec-07-11 07:00 AM   #19 
  - Sensex closes 72 points higher; tech and reality scrips gain  xchrom   Dec-07-11 07:54 AM   #36 
  - FDI in retail: Retailers call for opening of FDI in non-food multi-brand  xchrom   Dec-07-11 07:59 AM   #38 
  - Parliamentary panel finalises Lokpal draft, 3 Congress MPs dissent  xchrom   Dec-07-11 08:07 AM   #42 
  - Keiser Report: Dollar-Trapped!  Demeter   Dec-07-11 07:02 AM   #20 
  - Trillion$$$ Underground Economy Keeping Many Americans (Barely) Afloat in Desperate Times  Demeter   Dec-07-11 07:06 AM   #21 
  - Geithner Backs French-German Plan for Tighter EU  Demeter   Dec-07-11 07:09 AM   #22 
  - California and Nevada join forces in mortgage probe  xchrom   Dec-07-11 07:12 AM   #23 
  - K&R for the cartoon alone and while I still can n/t  kickysnana   Dec-07-11 07:37 AM   #27 
  - me too!  DemReadingDU   Dec-07-11 08:11 AM   #43 
  - Calvin & Hobbes on today's cartoon  alterfurz   Dec-07-11 10:24 AM   #54 
  - How Freedom Group Became the Big Shot  Demeter   Dec-07-11 07:40 AM   #29 
  - DOW Futures Down Slightly -32  Demeter   Dec-07-11 07:45 AM   #31 
  - asia: Hong Kong stocks climb 1.58%  xchrom   Dec-07-11 07:50 AM   #34 
  - Nikkei at 4-wk high on Europe hopes, shippers shine  xchrom   Dec-07-11 08:02 AM   #39 
  - PRECIOUS-Gold steady as investors eye EU summit, ECB meeting  xchrom   Dec-07-11 08:03 AM   #40 
  - Occupy Big Business: The Sharing Economy's Quiet Revolution  xchrom   Dec-07-11 09:00 AM   #47 
  - k&r for the best thread on DU. eom.  Hotler   Dec-07-11 10:08 AM   #52 
  - Class warfare toon.  Fuddnik   Dec-07-11 01:19 PM   #59 

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