MSM: Russia’s Leaders See China as Template for Ruling

(New York Times) – MOSCOW — Nearly two decades after the collapse of the Communist Party, Russia’s rulers have hit upon a model for future success: the Communist Party.

MSM: California faces its day of fiscal reckoning

The day of reckoning that California has been warned about for years has arrived. The longest recession in generations and the defeat this week of a package of budget-balancing ballot measures are expected to lead to state spending cuts so deep and so painful that they could rewrite the social contract between California and its citizens. They could also force a fundamental rethinking of the proper role of government in the Golden State.

The Financial Disintegration of California

The failure of California’s proposed initiatives that desperately attempted to balance the state budget reveals a sobering truth about every Democracy: The voters will never vote for financial solvency. It is far too easy to vote for debt spending, passing on the burden of today’s benefits to tomorrow’s taxpayers. And in doing so, the voters destroy the financial future of their own state or nation.

Who Should Resist, and Who Will Become Serfs?

America is devolving into a third-world nation. And if we do not immediately halt our elite’s rapacious looting of the public treasury we will be left with trillions in debts, which can never be repaid, and widespread human misery which we will be helpless to ameliorate.

Resist or Become Serfs

America is devolving into a third-world nation. And if we do not immediately halt our elite’s rapacious looting of the public treasury we will be left with trillions in debts, which can never be repaid, and widespread human misery which we will be helpless to ameliorate. Our anemic democracy will be replaced with a robust national police state.

The Military-Industrial Complex: Impacts on the Third World

Military-Industrial Complex and Impacts on the Third World Written by Aziz Choudry, GATT Watchdog Tuesday, 25 November 2008 16:57 Military-Industrial Complex and Impacts on the Third World We live and struggle in an era of blatantly militarized capitalism and the violence of capital. War, occupation, national security ideologies and repression of dissent –at home and abroad – make for booming business opportunities the world over. As pro-free market US journalist Thomas Friedman succinctly put it: “The hidden hand of the market will never work without a hidden fist – McDonald’s cannot flourish without McDonnell Douglas, the builder of the F-15. And the hidden fist that keeps the world safe for Silicon Valley’s technologies is called the United States Army, Air Force and Marine Corps.”2

SB 2433: Global Poverty Act – ALREADY PASSED by House

S.2433 Would Put US Under UN Mandate 11-29-8SENATE BILL S. 2433 THE GLOBAL POVERTY ACT – Includes global taxation and world-wide socialism

MSM: Hey U.S., welcome to the Third World! – L.A. Times

It’s been a quick slide from economic superpower to economic basket case.

Dear United States, Welcome to the Third World!

It’s not every day that a superpower makes a bid to transform itself into a Third World nation, and we here at the World Bank and the International Monetary Fund want to be among the first to welcome you to the community of states in desperate need of international economic assistance. As you spiral into a catastrophic financial meltdown, we are delighted to respond to your Treasury Department’s request that we undertake a joint stability assessment of your financial sector. In these turbulent times, we can provide services ranging from subsidized loans to expert advisors willing to perform an emergency overhaul of your entire government.

Full-Spectrum Breakdown

On Friday morning, Senator Christopher Dodd, the head of the Senate Banking Committee, was interviewed on ABC’s “Good Morning America.” Dodd revealed that just hours earlier at an emergency meeting convened by Secretary of the Treasury Henry Paulson and Federal Reserve chairman Ben Bernanke, lawmakers were told that “We’re literally maybe days away from a complete meltdown of our financial system.” Dodd added somberly, that in his three decades of serving in public office, he had “never heard language like this.”

Financial Bailout: America’s Own Kleptocracy

The largest transformation of America’s Financial System since the Great Depression

Nobody expected industrial capitalism to end up like this. Nobody even saw it evolving in this direction. I’m afraid this failing is not unusual among futurists: The natural tendency is to think about how economies can best grow and evolve, not how it can be untracked. But an unforeseen road always seems to appear, and there goes society off on a tangent.

What a two weeks!

Impacts of the Financial Crisis: The U.S. Is Becoming an Impoverished Nation

Everything the Federal Reserve and the U.S. Treasury Department are trying to do to stem the tide of the self-destructing U.S. financial system is a stopgap. They are locking the barn door after the horse—many horses—have already escaped, and they know it.

They also know the cause of the crisis is not subprime mortgage lending—that was just the trigger. Cries to re-regulate the failed financial industry are coming from Congress, the media, and investors around the world. But lax regulation is not the cause of the problem either.

MSM: Hey U.S., welcome to the Third World!

Dear United States, Welcome to the Third World!

It’s not every day that a superpower makes a bid to transform itself into a Third World nation, and we here at the World Bank and the International Monetary Fund want to be among the first to welcome you to the community of states in desperate need of international economic assistance. As you spiral into a catastrophic financial meltdown, we are delighted to respond to your Treasury Department’s request that we undertake a joint stability assessment of your financial sector. In these turbulent times, we can provide services ranging from subsidized loans to expert advisors willing to perform an emergency overhaul of your entire government.

The United States of America is the Next Argentina

While bankers do control the issuance of credit, they cannot control themselves. Bankers are the fatal flaw in their deviously opaque system that has substituted credit for money and debt for savings. The bankers have spread their credit-based system across the world by catering to basic human needs and ambition and greed; and while human needs can be satisfied, ambition and greed cannot—and the bankers’ least of all.