The US debt is over trillion.. China is the principal savior of the American debt.

The color of the cat does not matter as long as it catches the mouse.

1929 was confined to the financial sector. Depression went on through the thirties.

Gordon Brown promised to abolish boom and bust. He fulfilled the first part.

Inevitability of American default and continued American hegemony forcing the world to pay its debt are the two certainties."

Istvan Meszaros is the author of "Beyond Capital."

to hear his address, "Marx and the credit crunch," click on

http://www.youtube.com/watch?v=0JFfxYhgNNo

Corruption, financial speculation and adventurism must be ended.

That link goes to a gold bug book.

The youtube link goes to a pretty good lecture by a Marxist, but it's not like he's advocating gold-bug-ism.

He suggests that the US will "default on itself".

Sorry, my bad. The book suggests going back to Bretton Woods, and valuing the dollar based on actual commodities, and nationalizing the Fed.