[lbo-talk] dumbass opinion roundup

Doug Henwood dhenwood at panix.com
Thu Aug 14 05:55:45 PDT 2008


On Aug 14, 2008, at 8:38 AM, Chris Doss wrote:


> When Russia leaves Georgia, various American political figures and
> yahoos will try to take credit for it, claiming it was because they
> had talked tough.

Meanwhile, the fever-prone Mike Whitney attributes it all to American imperial manipulations:

<http://www.countercurrents.org/whitney120808.htm>.

Well, maybe, but it hasn't worked out too well, has it?

And Whitney can't resist concluding in characteristic mode:


> Putin needs to carefully weigh his options. Then, on Monday, he
> should announce that Russia will sell all $50 billion of its Fannie
> Mae mortgage-backed bonds, all of it US dollar-backed assets, and
> will accept only rubles and euros in the future sale of Russian oil
> and natural gas. Then watch as the Dow Jones goes into a death-
> spiral. Why use a blunderbuss when a flyswatter will do just fine.

What would Russia's interest be in bringing about a global depression? They want oil back at $30?

Doug



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