Friday, March 14, 2008

Decline of the American empire

An email informed 18Brumaire that on the evening news scenes of a tent city on the outskirts of Los Angeles flashed across the boob tube. A scene which could have come out of the Great Depression of the 1930's. Here now were swarms of dispossed people who lost home and hearth owing to the subprime scam which has sent US markets into a tizzy and began the meltdown of the US economy and has emasculated the US dollar. The toiletroom attendant Ben Bernanke at the Fed is tearing his hair out to find ways to stanch the flow of vital blood of the American economy without much success. The grand guignol of Wall Street Hank Paulson the once mighty prince of Goldman Sachs has not a klew what to do but will say anything which he thinks will calm markets, perk up a sagging dollar, but his game is as transparent as glass. Angry voters will throw these bums out soon enough, but not sooner enough to bring relief to the suffering 99 per cent of Americans who have been robbed by Herr Bush & his gang of thugs who have pillaged the US for their own selfish aims and growth of their own personal wealth. The US is in deep recession but the simply fool in the White House will today deliever a pep talk to the troops of economists who will cheer him on and haven't a good idea as to what to do anyhow. The times demand bold ideas but the fools who run this country haven't had an idea since they came out of their mums' wombs. Of course the war that Herr Bush decided to wage in Iraq is partly branch and root of the problem but no one is looking at that. It is hardly comforting to think of the hundreds of millions of hard earned cash Obama and Hillary and the tugboat admiral McCain are raising at a time of deep crisis. It goes to show the little people will scratch up nickels and dimes to throw the current bum in the Oval office...and quickly but not quickly enough!
A coda...the greedy banks which haven't engineered the subprime debacle are back at old tricks. The new head honcho at CitiGroup which has so far written off some us$25bn is going to received at year end a salary with perks and bonuses some us$216m...if that ain't disgusting and stomach wrenching, 18Brumaire doesn't know what else will make the ordinary guy or gal on the street sneer with disgust and seethe with anger!

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