October 25th, 2008

Chris Keeley

Editorial: Barack Obama for president October 25, 2008 Each presidential campaign is billed as mor

Editorial: Barack Obama for president

October 25, 2008

Each presidential campaign is billed as more critical than the last. This election -- coming amid a global financial crisis and wars in Iraq and Afghanistan -- truly finds the country at a crossroads.

Republican Sen. John McCain presents himself as a maverick, attempting to distance his agenda from the policies of the Bush administration. McCain is an American hero who has served his country with honor, often standing up for the causes he believed in despite intense political pressure.

Democratic Sen. Barack Obama also promises reform and change. Since his passionate "Red State-Blue State'' speech at the 2004 Democratic National Convention, Obama has staked out an optimistic vision of a more united America and a bipartisan approach to addressing problems in Washington.

Collapse )
Chris Keeley

death of an american empire

This is an eye-popping analysis of the financial crisis of the USA, and in turn of the world.  The author's credentials are unassailable.
[It prints out at 5½ pages.]
 
Regards,  John
 
Death of the American Empire
America is self-destructing & bringing the rest of the world down with it

By Tanya Cariina Hsu

Global Research, October 23, 2008

    I believe that banking institutions are more dangerous to our liberties than standing armies. (Thomas Jefferson, US President; 1743 - 1826)

America is dying. It is self-destructing and bringing the rest of the world down with it.

Often referred to as a sub-prime mortgage collapse, this obfuscates the real reason. By associating tangible useless failed mortgages, at least something 'real' can be blamed for the carnage. The problem is, this is myth. The magnitude of this fiscal collapse happened because it was all based on hot air.

The banking industry renamed insurance betting guarantees as 'credit default swaps' and risky gambling wagers were called 'derivatives'. Financial managers and banking executives were selling the ultimate con to the entire world, akin to the snake-oil salesmen from the 18th century but this time in suits and ties. And by October 2009 it was a quadrillion-dollar (that's $1,000 trillion) industry that few could understand.

Propped up by false hope, America is now falling like a house of cards.

Collapse )