Why so hard on the Rust Belt, and so easy on Wall Street?
Posted: Mon Mar 30, 2009 11:50 pm
Generational theory, international history and current events
https://gdxforum.com/forum/
Spiralman wrote:The world more and more appears to the rest of the world as if it were a single Kingdom where every province (ie country) is becoming more similar to one another and ruled by a distant and decadent aristocracy (upper and lower, ie banksters and US middle class) that uses taxes collected by the local landlords (ie, nat’l gov’ts) and vassal bourgeoisie (ie. Export oriented capitalists) from the local peasants and artisans in order to quarter troops and invasive economic overseers (eg. IMF and NGOs) in their own towns and villages.
This implies that the world as whole, is looking more and more as if it were 18th Century France, and America as a whole is the French monarchy on the eve of 1789.
These are the charts for the ABX Home Equity indexProperty abandonment is getting so bad in Flint that some in government are talking about an extreme measure that was once unthinkable -- shutting down portions of the city, officially abandoning them and cutting off police and fire service.
By 2012, Asia (including Japan) could produce 82 percent of the world's crystalline silicon solar cells, up from 71 percent in 2008,
Aside from all of these articles being about China, how are they related?China and Myanmar have signed an agreement for the construction of fuel pipelines that will transport Middle East and African crude oil from Myanmar's Arakan coast to China's southwestern Yunnan province - short-circuiting the long sea voyage past Singapore - while also drawing from Myanmar's own gas reserves.
Under the March 27 agreement, a gas pipeline will tap into Myanmar's reserves at the Shwe gas fields, and an oil pipeline will carry Middle East and African crude that is currently transported in tankers through the Malacca Strait to China.
Construction of the US$1.5 billion oil pipeline and the $1 billion gas pipeline will begin soon and is expected to be completed by 2013.
Social disorder and military conflict will happen irregardless of the stimulus, since the declining rate of profit and too low compensation of global labor is not going to be altered by the stimulus.Dominique Strauss-Kahn, the [IMF] managing director, said in February that the world was "already in Depression" and risked a slide into social disorder and military conflict unless political leaders resorted to massive stimulus.