dredmond at efn.org wrote:
> On Thu, November 6, 2008 5:38 am, John Gulick wrote:
>
>> At root level, it smells a lot like November 1992
>
> Fear not, all those Dem fantasies of a renascent Empire are just that -
> fantasies. Here's the scorecard:
>
> 1992: US still superpower, EU doesn't exist, Japan about to go post-bubble,
> China still a peasant economy, while 80% of the planet is being plundered by
> neoliberalism.
>
> 2008: US banking system nationalized and US military losing two Asian land
> wars, EU a superpower mobilizing 2 trillion EUR bailouts, Japan back to
> solvency, Latin America and Central Asia break their neoliberal chains,
> Russia returns to great power status, China an industrial superpower sitting
> on 1.7 trillion EUR of rocksolid liquidity.
>
> The next act of the Big Shift: the semi-peripheries agree to keep purchasing
> US T-bills, in exchange for an officially multipolar world. Watch for the Nov
> 15 world financial conference for the details...
>
> -- DRR
>
> ___________________________________
> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk