THOUGHT FOR THE DAY!

"Imperialism today is taking place in the context of...the 'universalization' of capitalism. It is not now primarily a matter of territorial conquest or direct military or colonial control. It is not now a matter of capitalist powers invading non-capitalist powers in order to bleed them dry directly and by brute force. Now it is more a matter of ensuring that the forces of the capitalist market prevail in every corner of the world (even if this means marginalizing and impoverishing parts of it), and of manipulating those market forces to the advantage of the most powerful capitalist economies and the United States in particular." ... "Military force is still central to the imperialist project, in some ways more than ever."-- Political scientist Ellen Meiksins-Wood, Z magazine Nov 1999, p26

 

HAPPY 'KICK OUT THE GOVERNMENT' DAY!!!

 

FLASHBACK - Housing bill will 'bail out lenders' - Bush

President Bush said Thursday that he opposed the foreclosure prevention legislation that Senate Democrats have introduced.

"The Senate is considering legislation that would do more to bail out lenders and speculators than to help homeowners keep their homes," he said. "The Senate bill would actually prolong the time it takes for the housing market to adjust and recover, and it would lead to higher interest rates."

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Posted on Oct 03, 2008 at 09:32
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higher interest rates.

poorrichard

Higher interest rates are good for the people of America who have savings in a bank..They get the much deserved interest on their money. High interest rates are good for normal people who save their money, but bad for the scumbags that make a living off of borrowing other peoples money to be repayed later in devalued dollars

These scumbags are the financial sector of the economy that produce nothing but debt. They multiply their losses thru volume, and still make a profit, because debt can be leveraged much more than assets.

The world has gone fuckin' nutz.

10/03/2008 - 12:09

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