The financial crisis became an economic crisis and mutated into a state budget crisis when trillions were given to "system relevant" banks and private losses became public burdens. What is Plan B?How can the financial sector be shriveled? Can state banks (like NDakota) be a model?
Is the "Mother of all Financial Crises" Imminent? (tags)
A trade-weighted devaluation of the dollar of around 25 percent is necessary allowing the US currency to ski "gradually and orderly" against free-floating currencies. The IMF could establish a "substitution account" with "special drawing rights" to avert a dollar panic.
The Dollar and US Hegemony (tags)
The dollar devaluation since 2001 is a necessary adjustment for the twin US deficits, the national budget deficit and the foreign trade deficit. US imports are nearly double US exports. A drastic change of lifestyles is imperative where modesty and simplicity are encouraged.
Disintegration has three central dimensions and starts when access to the functioning systems of society becomes unstable.. Democratic substance can be lost when citizens are told they have no influence and are not needed.
Denominational disaster as Bush mixes up his D-words (tags)
Oops. The Idiot tripped on his own tongue again. On www.indymedia.org, the person posting this story (ID#137159) proposes that Bush's apparent slip was, in fact, intentional -- so that his cronies could profit from the resultant currency fluctuation. Perhaps. More likely, the Moron just flubbed things up once again; and his Wall Street Dons, who knew he had merely mispoken, were probably able to take advantage in the interim before things were clarified.