[lbo-talk] there can be no bailout.

[boddi satva]

On Tue, Sep 30, 2008 at 1:47 AM, Dmytri Kleiner <dk at telekommunisten.net> wrote:
>
> A country that consumes more wealth than it produces can only last as long
> as it's military is effective at exacting tribute from client states.
>
> There can be no bailout, it's all smoke and mirrors for a last-minute cash
> grab.
>
> American must, and will, consume less. There is nothing anyone can do about
> it, short of war.
>
>

This is silly Calvinism.

There's a word for "generalized frugality". That word is "poverty".

Villagers in Sierra Leone have a very small carbon footprint.

What American provides to the world is money. It has simply failed to
provide the world with enough money.


>
> --
> Dmytri Kleiner
> editing text files since 1981
>
> http://www.telekommunisten.net
>
>
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-- 
peace,

boddi

http://financialroadtosocialism.blogspot.com/