Author: mechanic

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Post time 2010-7-1 02:35:07 |Display all floors

Fiat currencies ....................

A bit like Fiat cars ..................................

You have to be a believer ................  

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Post time 2010-7-1 05:29:08 |Display all floors
Originally posted by Alex2010 at 2010-7-1 00:39
Did you try to post your threads on an American forum? Does Fox News have one? Try it!^^


I've known mechanic for years from the pravda forum.

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Post time 2010-7-27 07:33:44 |Display all floors

In Zombiestan formerly USA: Middle Class is systematically being wiped out

In Zombiestan formerly USA: Middle Class is systematically being wiped out

The Middle Class in America Is Radically Shrinking. Here Are the Stats to Prove it
Posted Jul 15, 2010 02:25pm EDT by Michael Snyder in Recession
http://finance.yahoo.com/tech-ti ... 20657.html?tickers=^DJI,^GSPC,SPY,MCD,WMT,XRT,DIA

From The Business Insider

Editor's note: Michael Snyder is editor of theeconomiccollapseblog.com

The 22 statistics detailed here prove beyond a shadow of a doubt that the middle class is being systematically wiped out of existence in America.

The rich are getting richer and the poor are getting poorer at a staggering rate. Once upon a time, the United States had the largest and most prosperous middle class in the history of the world, but now that is changing at a blinding pace.

So why are we witnessing such fundamental changes? Well, the globalism and "free trade" that our politicians and business leaders insisted would be so good for us have had some rather nasty side effects. It turns out that they didn't tell us that the "global economy" would mean that middle class American workers would eventually have to directly compete for jobs with people on the other side of the world where there is no minimum wage and very few regulations. The big global corporations have greatly benefited by exploiting third world labor pools over the last several decades, but middle class American workers have increasingly found things to be very tough.

Here are the statistics to prove it:

• 83 percent of all U.S. stocks are in the hands of 1 percent of the people.
• 61 percent of Americans "always or usually" live paycheck to paycheck, which was up from 49 percent in 2008 and 43 percent in 2007.
• 66 percent of the income growth between 2001 and 2007 went to the top 1% of all Americans.
• 36 percent of Americans say that they don't contribute anything to retirement savings.
• A staggering 43 percent of Americans have less than $10,000 saved up for retirement.
• 24 percent of American workers say that they have postponed their planned retirement age in the past year.
• Over 1.4 million Americans filed for personal bankruptcy in 2009, which represented a 32 percent increase over 2008.
• Only the top 5 percent of U.S. households have earned enough additional income to match the rise in housing costs since 1975.
• For the first time in U.S. history, banks own a greater share of residential housing net worth in the United States than all individual Americans put together.
• In 1950, the ratio of the average executive's paycheck to the average worker's paycheck was about 30 to 1. Since the year 2000, that ratio has exploded to between 300 to 500 to one.
• As of 2007, the bottom 80 percent of American households held about 7% of the liquid financial assets.
• The bottom 50 percent of income earners in the United States now collectively own less than 1 percent of the nation’s wealth.
• Average Wall Street bonuses for 2009 were up 17 percent when compared with 2008.
• In the United States, the average federal worker now earns 60% MORE than the average worker in the private sector.
• The top 1 percent of U.S. households own nearly twice as much of America's corporate wealth as they did just 15 years ago.
• In America today, the average time needed to find a job has risen to a record 35.2 weeks.
• More than 40 percent of Americans who actually are employed are now working in service jobs, which are often very low paying.
• or the first time in U.S. history, more than 40 million Americans are on food stamps, and the U.S. Department of Agriculture projects that number will go up to 43 million Americans in 2011.
• This is what American workers now must compete against: in China a garment worker makes approximately 86 cents an hour and in Cambodia a garment worker makes approximately 22 cents an hour.
• Approximately 21 percent of all children in the United States are living below the poverty line in 2010 - the highest rate in 20 years.
• Despite the financial crisis, the number of millionaires in the United States rose a whopping 16 percent to 7.8 million in 2009.
• The top 10 percent of Americans now earn around 50 percent of our national income.

Giant Sucking Sound

The reality is that no matter how smart, how strong, how educated or how hard working American workers are, they just cannot compete with people who are desperate to put in 10 to 12 hour days at less than a dollar an hour on the other side of the world. After all, what corporation in their right mind is going to pay an American worker 10 times more (plus benefits) to do the same job? The world is fundamentally changing. Wealth and power are rapidly becoming concentrated at the top and the big global corporations are making massive amounts of money. Meanwhile, the American middle class is being systematically wiped out of existence as U.S. workers are slowly being merged into the new "global" labor pool.

What do most Americans have to offer in the marketplace other than their labor? Not much. The truth is that most Americans are absolutely dependent on someone else giving them a job. But today, U.S. workers are "less attractive" than ever. Compared to the rest of the world, American workers are extremely expensive, and the government keeps passing more rules and regulations seemingly on a monthly basis that makes it even more difficult to conduct business in the United States.

So corporations are moving operations out of the U.S. at breathtaking speed. Since the U.S. government does not penalize them for doing so, there really is no incentive for them to stay.

What has developed is a situation where the people at the top are doing quite well, while most Americans are finding it increasingly difficult to make it. There are now about six unemployed Americans for every new job opening in the United States, and the number of "chronically unemployed" is absolutely soaring. There simply are not nearly enough jobs for everyone.

Many of those who are able to get jobs are finding that they are making less money than they used to. In fact, an increasingly large percentage of Americans are working at low wage retail and service jobs.

But you can't raise a family on what you make flipping burgers at McDonald's or on what you bring in from greeting customers down at the local Wal-Mart.

The truth is that the middle class in America is dying -- and once it is gone it will be incredibly difficult to rebuild.

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Post time 2010-8-12 20:33:12 |Display all floors

Ahmadinejad: Era of US military dominance over

Recently, the Iranian President Dr. Mahmoud Ahmadinejad was interviewed by Jon Lee Anderson, staff writer of the Jewish owned daily The New Yorker. Anderson asked the same old Israeli Hasbara questions; Ahmadinejad wants to wipe Israel off the map, he denies the Holocaust and Iran’s nuclear program is a covert plan to manufacture nuclear plan which if not stopped through sanctions – could be grave threat to the security of Western countries and Israel which have a stockpile of over 23,000 nuclear bombs between them.

In the interview Dr. Ahmadinejad made some of the following observations:

“Today, nations are extremely distressed by the presence of US military bases in their countries, and demand their closure. This is while just 40 years ago they welcomed the bases on their soil. This means that America’s military dominance is over”.

“While the US can maintain friendly, cultural and economic ties with the Middle East, nearly 97 percent of the region’s population are opposed to the US support of the Zionist Regime.”

“Washington could spend the hefty sum, it spent supporting the Zionists and on invading Iraq and Afghanistan to enhance the quality of life for its nation or for cultivating and investing in the Middle East”.

“The US politician’s hostility towards the Iranian nations is not limited to recent years. The US government carried out a coup in Iran 57 years ago, for which Madeleine Albright claimed full credit. The US supported Saddam during the eight-year Iraqi-imposed war.”

“The worst kind of suppression exists in the United States. During the tenure of Bush, they controlled postal packages and tapped phone calls”.

Ahmadinejad said Iran was ready to “help bring the US out of the crises” it has created in Iraq and Afghanistan, where thousands of US soldiers and hundreds of thousands of civilians have been killed.

“Iran is ready to help them, based on justice and respect. I hope there is someone with an ear among US politicians to understand this and brings no more deaths to the people in Iraq and Afghanistan as well as US soldiers,” he said.

To understand Anderson’s state of mind, one has to read the interview he recently gave to ‘State of Nature’, in which he said: “Well, there’s Islamists and there’s Islamists, but when we’re talking about the kind of Islamists who are willing to commit mass carnage repeatedly, for the sake of creating a religious autocracy, I don’t think Che (Guevara) would have been in agreement, to say the least”.

Lee Anderson’s 8-page long Israeli hasbara rant plus Dr. Ahmadinejad’s caricature can be found here.

http://rehmat1.wordpress.com/201 ... ary-dominance-over/
the anglos are rsponsible for ...

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Post time 2010-8-12 21:28:20 |Display all floors
At least he can preserve his dominance over women by throwing stones on them.

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Post time 2010-8-18 07:10:40 |Display all floors

The Ecstasy of Empire: How Close Is America’s Demise?

The Ecstasy of Empire: How Close Is America’s Demise?
Without a revolution, Americans are history

by Paul Craig Roberts


Global Research, August 16, 2010




The United States is running out of time to get its budget and trade deficits under control. Despite the urgency of the situation, 2010 has been wasted in hype about a non-existent recovery. As recently as August 2 Treasury Secretary Timothy F. Geithner penned a New York Times Column, “Welcome to the Recovery.”

As John Williams (shadowstats.com) has made clear on many occasions, an appearance of recovery was created by over-counting employment and undercounting inflation. Warnings by Williams, Gerald Celente, and myself have gone unheeded, but our warnings recently had echos from Boston University professor Laurence Kotlikoff and from David Stockman, who excoriated the Republican Party for becoming big spending Democrats.

It is encouraging to see a bit of realization that, this time, Washington cannot spend the economy out of recession. The deficits are already too large for the dollar to survive as reserve currency, and deficit spending cannot put Americans back to work in jobs that have been moved offshore.

However, the solutions offered by those who are beginning to recognize that there is a problem are discouraging. Kotlikoff thinks the solution is massive Social Security and Medicare cuts or massive tax increases or hyperinflation to destroy the massive debts.

Perhaps economists lack imagination, or perhaps they don’t want to be cut off from Wall Street and corporate subsidies, but Social Security and Medicare are insufficient at their present levels, especially considering the erosion of private pensions by the dot com, derivative and real estate bubbles. Cuts in Social Security and Medicare, for which people have paid 15% of their earnings all their life, would result in starvation and deaths from curable diseases.

Tax increases make even less sense. It is widely acknowledged that the majority of households cannot survive on one job. Both husband and wife work and often one of the partners has two jobs in order to make ends meet. Raising taxes makes it harder to make ends meet--thus more foreclosures, more food stamps, more homelessness. What kind of economist or humane person thinks this is a solution?

Ah, but we will tax the rich. The usual idiocy. The rich have enough money. They will simply stop earning.

Let’s get real. Here is what the government is likely to do. Once the Washington idiots realize that the dollar is at risk and that they can no longer finance their wars by borrowing abroad, the government will either levy a tax on private pensions on the grounds that the pensions have accumulated tax-deferred, or the government will require pension fund managers to purchase Treasury debt with our pensions. This will buy the government a bit more time while pension accounts are loaded up with worthless paper.

The last Bush budget deficit (2008) was in the $400-500 billion range, about the size of the Chinese, Japanese, and OPEC trade surpluses with the US. Traditionally, these trade surpluses have been recycled to the US and finance the federal budget deficit. In 2009 and 2010 the federal deficit jumped to $1,400 billion, a back-to-back trillion dollar increase. There are not sufficient trade surpluses to finance a deficit this large. From where comes the money?

The answer is from individuals fleeing the stock market into “safe” Treasury bonds and from the bankster bailout, not so much the TARP money as the Federal Reserve’s exchange of bank reserves for questionable financial paper such as subprime derivatives. The banks used their excess reserves to purchase Treasury debt.

These financing maneuvers are one-time tricks. Once people have fled stocks, that movement into Treasuries is over. The opposition to the bankster bailout likely precludes another. So where does the money come from the next time?

The Treasury was able to unload a lot of debt thanks to “the Greek crisis,” which the New York banksters and hedge funds multiplied into “the euro crisis.” The financial press served as a financing arm for the US Treasury by creating panic about European debt and the euro. Central banks and individuals who had taken refuge from the dollar in euros were panicked out of their euros, and they rushed into dollars by purchasing US Treasury debt.

This movement from euros to dollars weakened the alternative reserve currency to the dollar, halted the dollar’s decline, and financed the massive US budget deficit a while longer.

Possibly the game can be replayed with Spanish debt, Irish debt, and whatever unlucky country swept in by the thoughtless expansion of the European Union.

But when no countries remain that can be destabilized by Wall Street investment banksters and hedge funds, what then finances the US budget deficit?

The only remaining financier is the Federal Reserve. When Treasury bonds brought to auction do not , the Federal Reserve must purchase them. The Federal Reserve purchases the bonds by creating new demand deposits, or checking accounts, for the Treasury. As the Treasury spends the proceeds of the new debt sales, the US money supply expands by the amount of the Federal Reserve’s purchase of Treasury debt.

Do goods and services expand by the same amount? Imports will increase as US jobs have been offshored and given to foreigners, thus worsening the trade deficit. When the Federal Reserve purchases the Treasury’s new debt issues, the money supply will increase by more than the supply of domestically produced goods and services. Prices are likely to rise.

How high will they rise? The longer money is created in order that government can pay its bills, the more likely hyperinflation will be the result.

The economy has not recovered. By the end of this year it will be obvious that the collapsing economy means a larger than $1.4 trillion budget deficit to finance. Will it be $2 trillion? Higher?

Whatever the size, the rest of the world will see that the dollar is being printed in such quantities that it cannot serve as reserve currency. At that point wholesale dumping of dollars will result as foreign central banks try to unload a worthless currency.

The collapse of the dollar will drive up the prices of imports and offshored goods on which Americans are dependent. Wal-Mart shoppers will think they have mistakenly gone into Neiman Marcus.

Domestic prices will also explode as a growing money supply chases the supply of goods and services still made in America by Americans.

The dollar as reserve currency cannot survive the conflagration. When the dollar goes the US cannot finance its trade deficit. Therefore, imports will fall sharply, thus adding to domestic inflation and, as the US is energy import-dependent, there will be transportation disruptions that will disrupt work and grocery store deliveries.

Panic will be the order of the day.

Will farms will be raided? Will those trapped in cities resort to riots and looting?

Is this the likely future that “our” government and “our patriotic” corporations have created for us?

To borrow from Lenin, “What can be done?”

Here is what can be done. The wars, which benefit no one but the military-security complex and Israel’s territorial expansion, can be immediately ended. This would reduce the US budget deficit by hundreds of billions of dollars per year. More hundreds of billions of dollars could be saved by cutting the rest of the military budget, which in its present size, exceeds the budgets of all the serious military powers on earth combined.

US military spending reflects the unaffordable and unattainable crazed neoconservative goal of US Empire and world hegemony. What fool in Washington thinks that China is going to finance US hegemony over China?

The only way that the US will again have an economy is by bringing back the offshored jobs. The loss of these jobs impoverished Americans while producing over-sized gains for Wall Street, shareholders, and corporate executives. These jobs can be brought home where they belong by taxing corporations according to where value is added to their product. If value is added to their goods and services in China, corporations would have a high tax rate. If value is added to their goods and services in the US, corporations would have a low tax rate.

This change in corporate taxation would offset the cheap foreign labor that has sucked jobs out of America, and it would rebuild the ladders of upward mobility that made America an opportunity society.

If the wars are not immediately stopped and the jobs brought back to America, the US is relegated to the trash bin of history.

Obviously, the corporations and Wall Street would use their financial power and campaign contributions to block any legislation that would reduce short-term earnings and bonuses by bringing jobs back to Americans. Americans have no greater enemies than Wall Street and the corporations and their prostitutes in Congress and the White House.

The neocons allied with Israel, who control both parties and much of the media, are strung out on the ecstasy of Empire.

The United States and the welfare of its 300 million people cannot be restored unless the neocons, Wall Street, the corporations, and their servile slaves in Congress and the White House can be defeated.

Without a revolution, Americans are history.

Paul Craig Roberts is a frequent contributor to Global Research. Global Research Articles by Paul Craig Roberts
No Virgin Girl in America

American can not live without SEX.

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Post time 2010-10-24 23:01:26 |Display all floors

Statistics highlight an American empire in decline

Published 23 October, 2010

The US has long regarded itself as an exceptional nation, a beacon of democracy and progress throughout the world. Yet the statistics don’t exactly match the rhetoric.

Last week, the US slipped to 49th in the world in life expectancy and ranked dead last among developed nations in terms of child well-being. The millions of uninsured Americans left out of America’s increasingly expensive healthcare system show a very different side of the world’s lone superpower.

Just two blocks from the White House, many line up for free food, free blankets and free check-ups from mobile soup kitchens and mobile health trucks.

“This is my 60th year and we’ve just seen the lines grow and grow and grow, and unfortunately it isn’t just homeless people. There is also a new group called the working poor, and because the cost of living is so high, people can’t just meet basic needs,” said Seton Cunneen, a Catholic nun who volunteers with the mobile soup kitchen Martha’s Table. “One of my big worries is that we always used to pride ourselves on having a big middle class, but it seems that the rich are getting richer and the poor are getting poorer.”

Americans’ access to credit and identity as consumers leads them to live far beyond their means, said anthropologist Brett Williams. And rather than be a vehicle for social mobility, higher education in the US only exacerbates the income gap.

“It’s an engine of inequality, because you have to either be wealthy or take on a lot of debt to get an education, and more and more people aren’t willing to do that,” Williams said.

But if Americans are blissfully unaware of their crumbling empire, it’s nothing new, said Robert Jensen.

“There have been empires before this one with illusion, and delusion, of permanence, but they all eventually fell, and of course the United States will be no different. We are seeing the beginnings of that right now,” said Jensen. “That mythology is very useful to people in power because it gives the American people this right to rule.”

Americans believe the US is not supposed to be near the bottom of rankings for positive indicators, yet the nation continues to be. Americans are generally confident in their nation, believing everyone has equal access in the world’s best quality of life, indicated author and activist David Swanson.

He explained that American newspapers and media outlets write all about positive American stories America, but not about negative topics. Nor do they report what other countries do right.

“Our media doesn’t give us that information and so we don’t learn,” said Swanson.

The US spends the most money in the world on healthcare, but is still 49th in life expectancy.

“The dominant factor being simply the incredible inefficiency of our healthcare system,” added Swanson. “This would have been a useful debate to have when we were doing healthcare reform in Washington, and yet it never happened.”

American leaders often boast that other nations depend on US, that the US is a global problem solver. However, the US is unable to solve its own problems at home.

The US superpower image is diminishing as the nation enters a decline. China and Europe however are expanding.

“I think China may be a bit overblown, but the European Union is bigger and stronger economically than the United States,” said Swanson. “It’s a model for development that is ahead of the United States.”

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