Jan 2: Impact of Bush War Bonds, Chinese Rule

2012

@davidsherrdavidsherr

economist.com/node/21542200?And now back to the regularly scheduled programming in Iraq

7 minutes ago via Scribd

And so my day of current events unfolded from the first impactful news item of the day. Am I a fatalist or just a student of human behavior? Grudge is medulla maintained. Quelle dommage!. The above Tweet is my contribution to the TwitterVerse conversation circa 1:45 PM PST. This utterance two hours later is meant to be more permanenta moment of extreme clarity once again! Imagine the Republicans tarring Obama and his administration with the moniker Running Dog of Wall Street recalling the 50s Mao proclamations that Ike and the US Govt were just Running Dogs of Capitalism. Indeed! Indeed, more than ever, the general population needs Running Dogs of Socialism, St Bernards, not Wolfhounds, chasing down the needy and giving them a helping hand. Mao belied the situation of his time. The US 1950s 99% benefitted as well and so Socialism and a Middle Class appeared in the US. Not so in China. However, today, Mao is totally right. Soon, as the current Chinese youth generation (8-28) grows as The Chinese Middle Class over the next 30-50 years, the US Govt will evolve into Running Dogs of the Chinese Capitalism. Prepare to meet the once and future masters. Hell, they hold the biggest chunk of our foreign debt. And, it grows daily. Additionally, we shipped them much of our production capital assets (with concomitant pollution) in the past 25 years. To paraphrase the Trenton NJ Bridge near where Washington crossed the Delaware, China makes and the World takes. Chinese Capitalism is Mercantile at its roots, but is emerging into foreign dominationthrough Yin not Yang. Eight years ago, the Chinese enabled our subprime mortgage markets by keeping rates artificially low by buying up the bulk of the Bush War Bonds with their trade surplus and currency control. This led to the low-cost ARMs which were the underpinning of the CDO markets. Four years ago, BOOM!! Rockin and reelin ever since for all but the 1%. Just gets better for the 1% (Me? 1%? No way. I am a discontinuity at 99%--think 99%, but benefit from supporting the 1%. Such is the Running Dog of Self Interest). Hmmm. Back to Iraq and how China fits in. The Chinese (and Eastern Asia) protect the Iranians for their oil. Was the Second Iraq War worth it? Hardly!! Ten years and huge US treasure not only squandered, but weakening us terribly, Iraq is no different!! The Middle East is all about the oil (DUH!!). Reagan fought with Khomeni and we fight Sadr and Mamoud.

Copyright 2012 David M. Sherr david@NewGlobalEnterprises.Net

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Jan 2: Impact of Bush War Bonds, Chinese Rule

Did we (i.e., Dick and W) secure Iraqi Oil control? Score in Middle East 2012: China: 1, US: 0. But the game is far from over. Afghanistan and Pakistan and Uzbek-beki-beki-stan-stan. In fact, the game will never be over. It is played 7 Billion times every day. Some players are just more impactful than others. History of the winners will tell. Score in History? Orwell: 1 Truth: 0 (this is supposedly clever, but it is really a contradiction. Ill spare you the details which I have already begun sharing. :>P.) Selah. (http://en.wikipedia.org/wiki/Selah)

2012

Copyright 2012 David M. Sherr david@NewGlobalEnterprises.Net

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