Posted on 11/10/2011 10:42:01 PM PST by Lazlo in PA
Citizens of the world caught in China when the SHTF are going to lose everything and maybe their lives. I won’t be sad and I will oppose our military being used to protect the globalist ideal. No one wants to be their slaves.
But they are a bubble, and what has to break is either their continued dependence on exporting to the US (5-to-1 trade imbalance) and their inappropriately low wages, either they relent from that, or the masses will revolt. As I said, their Red Army will win, but it will make our civil war look like a picnic.
And they complain about it. They complain about some of the loans they are forced to make.
That does not change the fact that if a level of corruption that took place in the U.S. in the banking industry had taken place in China, those responsible would be facing very severe penalties, including death sentences. Here many that caused the problem are enjoying multi-million dollar bonuses.
We have no system in place to take out this sort of corruption and it will bring us down. You can see the start of it in the OWS protests. If we don't police ourselves, other will and you won't like the result.
The top execs at Moodys and Standard and Poors should be in jail with 15 year sentences. I don't support the death penalty but it would actually fit the damage their corruption heaped on the U.S. and world economies.
Thanks for the correction. FR is always good for that and much appreciated.
I don't agree. You don't do bad things just because you think you can get away with it, because a regulator is not there to stop you. By that way of thinking, it is ok to rob a bank as long as you are sure you will not get caught. The bankers robbed the world (and come to think of it, they got caught and are getting bonuses, not jail time).
If we can't respond to this blatant corruption, others will. OWS is a much worse response to it than harse penalties by the normal systems of justice.
Ah, that is a good thing, a very good thing. The whole point of the US Constitution was to limit the central government.
I was referring to economic policy, not the military. As the bubble bursts, I wouldn’t expect a coordinated response (economically). Combined with ethnic tensions, the under-the-radar discontent and riots, and the extent to which people have been displaced over the last couple of decades, this is unlikely to be peaceful.
While the red army clearly has no ethical constraints, and should have no problem dealing with the inevitable violence, I do question how cohesive the army will be, given the extent to which the army is intertwined with business, and regional governments.
more like the entiure NY Times editorial department
>>>What happens when revolution hits our banker? A few of us here at FR have been pointing to the massive instability in China that others have dismissed. The Chinese house of cards is about to collapse. Everything we have been sold about what a great economic power house this Communist Regime is are based on lies.<<<
Ever since the rise of Bismark in the 1890s, the Americans have been told that their approach is sinking and they need to adopt the newer strategies of the up-and-coming power. Whether it’s Mussolini, or Hitler, or the Soviets, or the Japanese, or, now, the Chinese, it’s been the same song - some authoritarian country has decided to out-American the Americans. You can’t do it without liberty and limited government operating a capitalist system.
Unless, of course, there’s a political party and an ideological elite inside your own country tearing it down at the same time. Such as we have now.
God help us.
Think, "magic of compound interest."
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