Read more at spectator.orgFrom confused
"peak oil" theorists to
confused Congressmen, it's all but
impossible to hear a discussion of US energy policy without hearing
the left's tired refrain: "The United States currently uses 25% of
the world oil production but has only 2% of world reserves." The
left uses this misinformation to argue against domestic oil
drilling, claiming that with only two percent of the world's
reserves, we can't possibly have enough oil in the ground to
matter.
Friday, May 27, 2011
Right Wing #peakoil Deniers Still Exist? Have Fun During #Collapse
Renewable amd clean energy with #hemp oil to fuel economic recovery, reduce deficit
Honestly, non narcotic strains should be legal across the country
Hemp Fuel For a Better World
Read more at www.suite101.com
Hemp cultivation could potentially produce enough biofuel to replace fossil fuels, easing pollution and global warming problems.
Close the budget deficit with medical marijuana #2012 #hemp
How To Break Into The $1.7 Billion Medical Marijuana Industry
See more at www.businessinsider.com
#GE only plan to produce #solar for 80000? USA has 100M households
This is one of the worlds largest companies and this is the best they can do. And the CEO gets a seat next to Obama?
Solar May Be Cheaper Than Fossil, Nuclear Power in Five Years, GE Says
The thin-film panels will be manufactured at a plant that GE intends to open in 2013. The company said in April that the factory will have about 400 employees and make enough panels each year to power about 80,000 homes.
Read more at peakoil.comSolar power may be cheaper than electricity generated by fossil fuels and nuclear reactors within three to five years because of innovations, said Mark M. Little, the global research director for General Electric Co. (GE)
Soviet #collapse lessons for #USA and #EU? #2012 #peakoil #IMF #DSK
Peak oil and the Fall of the Soviet Union: Lessons on the 20th Anniversary of the Collapse
Read more at www.theoildrum.comSynopsis: The causes of the fall of the Soviet Union are thought to be inefficiency and the Soviet response to the Reagan Administration’s military buildup of the early 1980s. However, a more plausible explanation is the decline in Soviet oil production caused by peak oil. This gives the world an example of a modern economy confronted by peak oil and what lessons we can learn from it.
Pemex At Lowest Levels Ever while Carstens Makes a Bid for IMF #peakoil #collapse #dsk
You can be sure that Carlos Slim is heavily invested in PEMEX bonds which essentially is privatizing without public support
Pemex Oil Output Declines at Fastest Rate Since World War II
Jan. 20 (Bloomberg) -- Petroleos Mexicanos, Mexico’s state
oil company, will probably report its fastest drop in production
since 1942, eroding revenue as plunging crude prices limit the
amount of cash available to drill for new reserves.
Pemex last year likely extracted 2.8 million barrels a day,
down about 9 percent from the 3.08 million a day pumped in 2007,
representing a total of $20 billion in lost sales, according to
data compiled by the government and Bloomberg. The Mexico City-
based company, which had revenue of $104 billion in 2007, plans
to report annual production figures tomorrow.
“The fall
in oil prices and lower production is going to make expensive
exploration projects less attractive now.”
Read more at www.bloomberg.comPemex’s “biggest problems have yet to come,” said
Alejandro Schtulmann, head of research at Empra, a political-
risk consulting firm in Mexico City, in an interview. “The fall
in oil prices and lower production is going to make expensive
exploration projects less attractive now.”
Windfall profits tax on banks and big oil #collapse #teaparty #dems
You're About To Hear The Words "Windfall Profits Tax"
Similarities between 2011 and 2008 are piling up.
Read more at www.businessinsider.comSo it only stands to reason, that with big oil set to report near-record earnings, per the WSJ and with anyone complaining about higher gas prices, that we revisit the Democrats' big idea from 2008. It was in May of that year that this idea seriously got debated.
In the coming global economic #collapse, the USA wont be 1st #CDS #global #economy #IMF contributes #transition #peakoil
Its happening. The fallout of the financial crisis of 2008 is finally unfolding around the world. Expect to see 3-10 EU nations default by December 2011
Default Swaps Trading on U.S. Debt Doubles on Deficit Wrangling
A total of 819 contracts covering a net notional $4 billion
of debt were outstanding as of May 20, up from 449 contracts
covering $2 billion a year ago, according to the Depository
Trust & Clearing Corp. Average daily trading volume surged to
$490 million last week from $10 million the week before, making
the U.S. the fourth most active among 1,000 contracts tracked by
DTCC, up from 633rd.
“In a way, it’s worse than in Greece because no one can
bail out the U.S.,” said Georg Grodzki, the London-based head
of credit research at Legal & General Investment Management,
which oversees $580 billion of assets. “Complete political
paralysis is OK if your deficit is 3 percent, but not if it’s 10
percent.”
This year’s federal budget deficit is projected to reach
$1.5 trillion, or 9.8 percent of gross domestic product,
according to the Congressional Budget Office. The government
will run out of options to avoid a default if the limit is not
raised by early August, Treasury Secretary Timothy F. Geithner
said May 2.
Read more at www.bloomberg.comGreek debt is the world’s most expensive to insure at about
1,400 basis points for five years and more than 2,000 basis
points for one year. Swaps on Norway are the world’s least
expensive at 17 basis points for five years and 5.5 basis points
for one year.
Mexican Economic Miralce? Carstens for #IMFpost #CDS #collapse #global #economy #transition #peakoil #narco
Must be the damn drug trade funneling $60B into the economy untaxed.
RT: [eksit101] Is the #ENDTHEFED victories the October surprise? Just all seems fishy. #NWO #RESTORETHEREPUBLIC http://t.co/UXpSahotsE f...
— #New World Order (@nwohashtag) October 1, 2013
IMF Candidate Carstens Winning Over Bond Investors at Home: Mexico Credit
Carstens’s “credibility has been enhanced,” Pablo Cisilino, who helps manage $22 billion in emerging-market debt
at Stone Harbor Investment in New York, said in a telephone
interview. “Carstens came out and said we’re going to stay put
and inflation is not going to pick up, it’s going to come down.
Something that you’ve been predicting happens, your credibility
gets enhanced.”
“It definitely says that the market is perfectly happy
with the way that Carstens is conducting monetary policy,”
Kieran Curtis, who helps manage more than $3 billion of
emerging-market assets, including peso debt, at Aviva Investors
in London, said in a telephone interview. “No change for still
a reasonable period of time is quite a reasonable sort of policy
outlook to expect.”
“Weak” economic growth is more responsible for the
decline in consumer prices in Mexico than Carstens, said Benito Berber, Latin America strategist at Nomura Securities.
Read more at www.bloomberg.comMexico has nominated Carstens, who was deputy managing
director at the IMF from 2003 to 2006, to replace Dominique Strauss-Kahn, who resigned as head of the organization last week
to defend himself against criminal charges including attempted
rape. French Finance Minister Christine Lagarde, who is also
seeking the top job at the Washington-based Fund, has won
endorsements from European countries including the U.K., Germany
and Sweden.
Japan is Crumbling #CDS #collapse #global #economy #IMF contributes #transition #peakoil
Watch the CDS and IMF, bank bailouts, protests, and austerity measures while security related stocks soar.
Japan’s Credit Outlook Lowered to Negative at Fitch Amid Rising Debt Level
“It’s an alarm bell for Japan to demonstrate political
leadership to take an action to ensure the credibility of the
nation’s debt,” said Junko Nishioka, chief economist at RBS
Securities Japan Ltd. in Tokyo. “Concerns over Japan’s fiscal
conditions will become an issue again in the bond market in
coming months, which could make it more likely for bond yields
to rise.”
Read more at www.bloomberg.comThe central bank is poised to keep its monetary stimulus,
contrasting with counterparts from China to India that are
tightening policy to stem inflation. Prices climbed in Japan
after global energy and food costs rose and retailers suffered
product shortages in the aftermath of the natural disaster.
Stanford and BDO Ponzi Scheme #CDS #collapse #global #economy #IMF contributes #transition #peakoil
Its happening. The fallout of the financial crisis of 2008 is finally unfolding around the world. Expect to see 3-10 EU nations default by December 2011
“BDO’s cozy relationship with the Stanford Financial Group
was steeped in conflicts of interest and required ongoing
deception and duplicitous manipulation of the facts to enable
the Ponzi scheme to grow exponentially for over a decade,”
investors said in the complaint. “The result is the loss of
thousands of investors’ life savings.”
Read more at www.bloomberg.comStanford Investors Sue Former Auditor BDO US for $10.7 Billion Over Fraud
Thursday, May 26, 2011
Some historical gas price increase due to #oil speculators, more 2 come w/ #peakoil
Investors are anticipating oil price surges due to #peakoil, how broad is that?
Regulators Sue Speculators for $150 million
Read more at www.wyattresearch.com
The Commodities Future Trading Commission (CFTC) announced yesterday that
they are suing two oil traders accused of manipulating the oil markets in
the 2008 run-up to $147 per barrel oil.
Climate Capitalism: Google Wind Farms in Mojave Desert
Google invests $55 million in Mojave Desert wind farm
Google Inc. is investing $55 million in a large Mojave Desert wind farm, pumping fresh air into California’s struggling wind power industry.
Google said Tuesday that it was partnering with Citibank, which is also shelling out $55 million to help finance part of the Alta Wind Energy Center, one of the world’s largest wind installations.
Read more at peakoil.comWhen complete, the project in the Tehachapi Mountains will generate 1.5 gigawatts, enough to power 450,000 homes. The installation will help boost wind jobs in the state 20% while feeding more than $1.2 billion into the Kern County economy, according to developers.
Wednesday, May 25, 2011
Parallels Between the Decline of the American Empire and Britain's? #collapse #peakoil @chrislhayes @maddow
How will it differ in light of the #peakoil and #peakeverything being reached?
Britain, the Commonwealth and the End of Empire
Read more at www.bbc.co.uk
1945: End of World War Two
The collapse of British imperial power - all but complete by the mid-1960s - can be traced directly to the impact of World War Two.
The catastrophic British defeats in Europe and Asia between 1940 and 1942 destroyed its financial and economic independence, the real foundation of the imperial system.
Britain had survived the war, but its wealth, prestige and authority had been severely reduced.
It also erased the old balance of power on which British security - at home and abroad - had largely depended.
Although Britain was one of the victorious allies, the defeat of Germany had been mainly the work of Soviet and American power, while that of Japan had been an almost entirely American triumph.
Britain had survived and recovered the territory lost during the war. But its prestige and authority, not to mention its wealth, had been severely reduced.
The British found themselves locked into an imperial endgame from which every exit was blocked except the trapdoor to oblivion.
Tuesday, May 24, 2011
Hemp as part of #USA #energy policy #2012 #colapse #peakoil
Hemp
Beyond Peak Oil
Read more at www.beyondpeak.comHemp vs. Marijuana
Similarities
- Hemp and marijuana are varieties of the Cannabis sativa plant.
- They're both illegal to grow in the United States, although hemp products are legal.
- Both have similar aromas when in bloom.
Differences
- Smoking marijuana makes the user high. Smoking hemp doesn't. (Hemp contains less than 1 percent of the active ingredient THC, marijuana has 10 to 20 percent.)
- Marijuana plants tend to be short and bushy, hemp can be as high as 25 feet tall.
- Marijuana can be used to smoke or eat. Hemp can be used to produce more than 25,000 products.
Wildgoose Arcadia Dyer indicated in oil speculation #cftc #peakoil
Very clever crime followed by very clever investigation. Good job cftc
Monday, May 23, 2011
#BRIC Taking #UK #USA #EU Place in #Geopolitics #2012 @maddow @ezraklein @chrislhayes #collapse
"Britain is no longer one of the world's price setters. We take our prices from international commodity markets driven by China and India. That is something we have got to live with and adjust to. It is painful. It is a challenge to us in government to explain it. The political class as a whole is not preparing the public for how massive the problem is"
Goldman Sachs has argued that, since the four BRIC countries are developing rapidly, by 2050 their combined economies could eclipse the combined economies of the current richest countries of the world. These four countries, combined, currently account for more than a quarter of the world's land area and more than 40% of the world's population.[7][8]
http://en.wikipedia.org/wiki/BRIC
Vince Cable: People do not understand how bad the economy is
Business secretary says politicians have not made clear the time and pain needed to restructure Britain's broken economic model
Vince Cable has warned that the political class has not yet prepared the public for the scale of the underlying problems facing the UK economy and the coming squeeze on living standards.
In a frank interview with the Guardian the business secretary repeatedly referred to the time and pain that will be needed to restructure what he regards as a broken economic model.
"It is a challenge to us to communicate it better. I don't think it is understood that the British economy declined 6 or 7% – [that is] 10% below trend," Cable said. "We are actually a poorer country, mainly because of the banking crash, the recession that followed it and partly due to the squeeze we are now under from the changing balance of the world economy."
Read more at www.guardian.co.ukHe argued: "Britain is no longer one of the world's price setters. We take our prices from international commodity markets driven by China and India. That is something we have got to live with and adjust to. It is painful. It is a challenge to us in government to explain it. The political class as a whole is not preparing the public for how massive the problem is."
UT supports #Gold as good as #USD #collapse #peakoil #2012 #Transition @planetmoney
Transition started?
Gold, silver coins to be legal currency in Utah
they've turned it around, and made gold as good as cash. Utah became the first state in the country this month to legalize gold and silver coins as currency. The law also will exempt the sale of the coins from state capital gains taxes.
Read more at hosted.ap.orgCraig Franco hopes to cash in on it with his Utah Gold and Silver Depository, and he thinks others will soon follow.
The idea is simple: Store your gold and silver coins in a vault, and Franco issues a debit-like card to make purchases backed by your holdings.
IMF To Be Controlled By BRIC? #dsk #collapse #2012
"debtor countries could not and should not provide the leadership because of possible conflicts of interest" - was the argument for why developing nations couldn't run the show before. Now its ignored so the EU can put its house back in order.
The IMF needs to change, whoever becomes its next chief
Whether the IMF's next head is a European woman or a man from a developing country doesn't matter – whoever it is must change the way the institution works
Read more at www.guardian.co.ukFor more than 60 years now convention, rather than any written rules, has dictated that the appointment of heads of the Bretton Woods institutions has been controlled by the traditional global powers. The US has provided the chief of the World Bank and Europe has provided the head of the IMF. These "conventions" emerged and were entrenched during a period when these two broad groupings controlled the global economy, and polity.
Friday, May 20, 2011
Msg to @barackobama: Legalization is the only way to CONTROL drugs #weed #marijuana #2012 #teaparty #gop #dems @maddow
Legalization is the only way for the USA and MEXICAN governments to end the drug war. Calderon and Obama need to figure that out.
Vietnam
Read more at movies.netflix.com
Similar titles available to watch instantly
Glimpse of History: China's Entry into Capitalism #collapse #2012 #socialism
Clearly China took some lessons away from Vietnam. Did the USA?
China in Vietnam – An act of aggression to match its return to capitalism
First Published: In Struggle! Vol. 6, No. 31, March 13, 1979
Transcription, Editing and Markup: Paul Saba
Copyright: This work is in the Public Domain under the Creative Commons Common Deed. You can freely copy, distribute and display this work; as well as make derivative and commercial works. Please credit the Encyclopedia of Anti-Revisionism On-Line as your source, include the url to this work, and note any of the transcribers, editors & proofreaders above.
Honourable rulers in capitalist countries around the world: If the Russian bear or any of the regimes backed by the USSR start infringing upon the development plans of your country or the competitiveness of your market, bring out the heavy artillery!’ The new Number One in China, Deng Xiaoping, wants everyone to understand this simple lesson if he has to repeat it a thousand times: “That is the only language the USSR understands.”
The Central Committee of the Communist Party of China decided recently to give back to the industrial and merchant sections of the national bourgeoisie all of the enormous bank deposits and other assets belonging to them... and to re-institute their high salaries and give them the pay which is presently overdue.” (Les Cahiers de la Chine nouvelle, no. 62, February 2, 1979, p. 6, our translation)
China is now an expansionist power which poses a
real threat to the peoples in
other countries. It is now
ready to pokes its head in
each time a country’s policy
will not be to its liking. Vietnam, allied with the social-
imperialist USSR, has talked
a good deal recently about
China’s preparations for a
big war to extend its
hegemony in South East Asia.
Read more at www.marxists.orgThe Chinese provocateurs
should be treated for what
they really are: a new
bourgeoisie which is increasingly aggressive, foaming at the mouth at the
prospect of controlling
economically and politically
larger and larger areas of
Asia and the rest of the
world. That is the real lesson, pure and simple that
Deng and the Chinese
leaders want to teach the
world.
Wednesday, May 18, 2011
Mexico's Economy Will Exceed Germany and UK by 2050? #peakoil #collapse @collapsenet
40 year projections are about as worthless as a used Barry Manilow 8 track.
GDP growth across the OECD
GDP growth across the OECD
GDP growth is the standard litmus test of how an economy is performing. National bodies such as the Office for National Statistics calculates it each quarter by assessing the activity in various parts of the economy. They then attempt to strip out the effects of inflation by recalculating the activity using last year's prices (this is called the 'chained volume measure', as it links the two years together to give a better picture).
Read more at www.guardian.co.ukGDP also ignores a lot of personal activity - hire a company to repair your house and this activity will be measured by the ONS, but do it yourself and it won't be. Additionally, it doesn't measure discrepancies within an economy, so GDP-per-capita does not distinguish between societies where there is a large gap between rich and poor, and a small one.
Great News: US Manufacturing Wages Will Be Lower Than China's in 5 yrs @collapse #peakoil @chrislhayes @maddow
Really? The BCG study suggests that US manufacturing workers are 3x more productive than China's, that their wages are growing rapidly, and that companies are opening plants in the US because labor is so cheap.
Chinese manufacturing cant grow 17% a year for 5 yrs without ENERGY and we understand that China is facing the worst energy crisis ever.
http://www.foxnews.com/world/2011/05/17/chinas-energy-crisis/?test=latestnews
So where will the US get all the natural resources and steel needed to manufacture goods? Especially with oil costing more than $120 a barrel?
Ok, here is the jobs plan from US politicians.
Oh, but wait it also says this: If the U.S. can not maintain or expand its wide productivity advantage vs. China the the projections quoted are likely to be modified to the detriment of U.S. manufacturing.
That means US Sweat Shops Likely - productivity means more hours, no unions, no healthcare, etc. USD drops and thats good for us! Yahoo.
A key factor in the U.S. manufacturing resurgence comes from labor productivity, which is more than 3x that of China. With the wages in China growing at a much higher rate than in the U.S. the productivity advantage is drawing domestic production back home, especially for the "more sophisticated" producrs mentioned in the FT article.
Among the U.S. corporations mentioned by the FT which have announced plans for major investments in new U.S. manufacturing are Caterpillar, General Electric and Ford. In the first quarter of 2011 manufacturing production in the U.S. rose by 9.1% (annual rate), making it the fastest growing segment in the U.S. economy.
On May 5, as discussed at GEI Analysis by Steven Hansen, The BLS (Bureau of Labor Statistics) reported an unexpected drop in labor productivity growth. Productivity is a key component of the projections for manufacturing reported in this news brief. If the U.S. can not maintain or expand its wide productivity advantage vs. China the the projections quoted are likely to be modified to the detriment of U.S. manufacturing.
The BCG study says that Chinese manufacturing wage costs seem likely to rise 17 per cent a year in the next five years, compared with only 3 per cent a year in the US.Read more at econintersect.com
Tuesday, May 17, 2011
Presidential #EnergyPolicy Fracking Our Way to Armageddon WTF? #halliburton #collapse #peakoil #transition
Just watch this quick video and investigate fracking. About as useful as destroying the Rocky Mountains for shale oil
My Water's On Fire Tonight (The Fracking Song)
Read more at www.youtube.comThe destructive hydraulic fracturing process was initially developed by Halliburton, Dick Cheney's old company. In 2005 the entire fracking industry was mysteriously allowed to be absolutely exempt from all of the regulations in the Safe Drinking Water Act through something know as the "Halliburton Loophole".
As American Neoliberalism Begins to Crack, Latin American & Chinese Models Grow @ezraklein #collapse
Are Brazil and Venezuela's economic models applicable to the EU and USA?
Austerity? There is an alternative – a new project for Europe's left
Our initiative aims to show there is an alternative analysis of the present situation rather than the misery and injustice of austerity
Europe stands at a crossroads. Successive waves of fiscal austerity have been imposed by European and domestic elites on the people of Greece, Ireland and Portugal, with Spain, Britain and Italy following suit. These programmes, almost without precedent in their severity, were barely debated either against alternative policy options or accounts of the nature of the crisis, both of which were certainly available. Governments, bureaucrats and pundits of dubious expertise simply declare that "there is no alternative", and instruct the public to take their medicine.
Neoliberalism – audaciously, given the historic humiliation suffered by its market fundamentalist dogma in the autumn of 2008 – is on the comeback trail, with a renewed and reinvigorated assault on the fundamental democratic principle of economic governance in pursuit of the common good. The public itself – with its "generous" pensions, social safety nets and other unaffordable luxuries – is now portrayed as a burden on the economy.
Read more at www.guardian.co.ukAcross Latin America, various novel and interesting forms of socialism have been emerging and evolving for some time, since an earlier generation experienced the miseries resulting from the imposition of the Washington Consensus.
Preview of USA #Collapse? Greek crisis forces Athenians into rural migration @collapsenet #transition
Greek crisis forces thousands of Athenians into rural migration
Debt, unemployment and poverty is causing mass unrest and thousands to seek a cheaper lifestyle outside the capital
See more at www.guardian.co.uk
Monday, May 16, 2011
Source of Electricity: Nuclear, Natural Gas, Shale, Fracking, Unocal, Water, & War @nprnews @planetmoney @ezraklein @collapsenet, #collapse
This NPR article ignores the war in Eurasia for natural gas, the war in Iraq for oil, the poisonous side affects of fracking, the amount of time it takes for nuclear power to come online, the cost of waste disposal for nuclear, the WATER cost of fracking, etc....
The WAR in Afghanistan is all about increasing our presence in Eurasia as Unocal builds a pipeline from the Caspian sea through Afghanistan, through Pakistan (expect more ware there) through to the Arabian Sea.
Nuclear Nations Turn To Natural Gas And Renewables
Read more at www.npr.orgEngineers probing the ruined nuclear reactors at Japan's Fukushima Dai-ichi plant are finding yet more damage. Not only did fuel melt in three reactors, they've just discovered a hole in one reactor vessel. And radioactive water continues to leak at the site. That mess in Fukushima has led several governments to reassess nuclear power.
Friday, May 13, 2011
Starbucks Should Support Full Marijuana Legalization @mystarbucksidea @starbucks #weed #oaksterdamn @alapoet
The pro-marijuana movement needs powerful capitalists to support legalization. That is the only way things get done in the USA. Big Money for politicians and businessmen means full legal and tax system support!
Think about the headline. Starbucks has the logistical infrastructure to source and deliver marijuana to virtually the whole world. The already get the beans from the same countries where marijuana is grown (but it should be a sell it where you grow it license only.)
Several have thought of this idea. You go in all times of the day and get your fix.
Why would Starbucks be against legalized marijuana if they could SELL IT!
http://newsjunkiepost.com/2010/02/06/when-70-support-marijuana-legalization-starbucks-gets-message/
They are not idealogues. They are capitalists. If the weed was sourced organically, and the farmers were paid well, and it was a sustainable model, they would SUPPORT it wholeheartedly.
In California, Marijuana Dispensaries Outnumber Starbucks
The sale of marijuana for medicinal purposes has been legal in California for the past 13 years. Now, close to 1,000 dispensaries are selling marijuana in Los Angeles. Local authorities are talking about shutting down a lot of these operations. Host Michel Martin finds out more with N-P-R Correspondent Mandalit del Barco.
The sale of marijuana for medicinal purposes has been legal in California for the past 13 years. Now in Los Angeles, alone, there are close to 1,000 dispensaries currently selling pot. But local authorities are now talking about shutting down many of these operations. To talk more about this topic, we hear from NPR correspondent Mandalit del Barco. Over the next several weeks, we're going to be checking in with Mandalit to hear about all things West Coast, and she's joining us now from our studios at NPR West. Welcome, Mandalit. Welcome back.
Read more at www.npr.orgDEL BARCO: Well, Michel, in the past year or so, the number of medical marijuana dispensaries, as you say, has exploded. There's estimates of 800 or 900 storefront shops. In fact, we have reported on NPR that in some neighborhoods, there are more medical marijuana dispensaries than Starbucks, if you can believe that.
Eisenhower Warned: Security and Defense Industry Will Bankrupt USA @maddow @ezraklein #teaparty #gop #dems @bluegal
real predators feeding on our decline — the military-security industry — are feasting
real predators feeding on our decline — the military-security industry — are feasting
Rachel on Osama and money: "The goal of Al Qaeda was to bleed America to the point of bankruptcy"
"According to bin Laden, the goal of Al Qaeda was to bleed America to the point of bankruptcy. That was his grand strategy" (6:35 in the clip).Read more at www.americablog.com
She titles her report "On Our Terms, Not His". On his terms, we lost, right? After all, isn't that what the Reagan of our myths did to the old Soviet Union — get them to spend themselves into bankruptcy?
Food for thought, though I don't hold out hope for our digesting it. The real predators feeding on our decline — the military-security industry — are feasting. They're unlikely to allow the process of decay to stop until the last drinkable drop has passed their lips. And we're unlikely to stop them.