Surviving Capitalism (Not) : Collapse At Hand

We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Tuesday, June 5, 2012

Collapse At Hand

Click here to access article by Paul Craig Roberts from his website.

The author explains...

how the big banks can keep the interest rates on Treasuries low, below the rate of inflation, despite the constant increase in US debt as a percent of GDP–thus preserving the Treasury’s ability to service the debt.

And, he explains how the banks and our money-creators, the Federal Reserve, are all in this game together and desperately using all kinds of obscure financial instruments to keep US currency afloat.

Could this be the reason that Sec. of Defense, Leon Panetta, is in Hanoi right now exchanging war mementos with Vietnamese generals? Maybe he is buttering up the Vietnamese in order to secure military bases with which to attack China. A bit ironic, don't you think? But, this might help to eliminate a lot of our debt!