It's one of those loony-laissez-faire people.
I actually do think thatall this is a logical step towards socialism, but to say "we have crossed the line" is silly.
I agree that people outside the U.S. are going to be wary, but I'm interested that the dollar index has not tanked, given unprecedented turmoil.
On Wed, Sep 24, 2008 at 1:02 AM, <dredmond at efn.org> wrote:
> On Tue, September 23, 2008 4:04 pm, boddi satva wrote:
>
> > And please, tell me how you really feel about the piece.
>
> Ah, but there's an even deeper layer of irony here: the bailout only
> *appears* to depend on US socialism. Look at the money trail, and it's
> clear the funds have to come from *other peoples' socialisms* -- the
> accumulated surplus of the Eurostate, the East Asian developmental states
> and the SWFs.
>
> The events of August 8, 2008 have convinced me of one thing: these latter
> aren't going to spend another yen/yuan/ruble/euro on this place unless
> Obama wins.
>
> The November 4 election is the ultimate arbitrage play. If the Rethugs
> steal another election, our creditors walk away from the table. Why should
> they pay for another four years of jackass militarism, hectoring tirades
> from petro-fundamentalist lunatics and global warming denialists, whose
> answer to two lost land wars in Asia is to create a third in Iran and a
> fourth in Georgia, and who are plundering the US public till with the
> delicacy and grace of mutated locusts out of grade-Z science fiction? Not.
> Going. To. Happen.
>
> -- DRR
>
> ___________________________________
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>
-- peace,
boddi
http://financialroadtosocialism.blogspot.com/