The U.S Financial System, the Debt
Bubble and the Cancer of Excessive Deregulation
Nouveau
Je tiens tout d'abord à témoigner de mon
appréciation à l'égard de votre récente entrevue
à l'émission "Méchant contraste"
présentée à Télé-Québec, fin janvier
(http://mechantcontraste.telequebec.tv/entrevue-select.aspx?id=64). La
population gagnerait à ce que vous soyiez davantage présent
devant les caméras.
En lien avec
cette entrevue, des informations à l'effet que l'Amero est
déjà en cours d'impression circulent depuis plusieurs semaines.
Savez-vous quelque chose de ces dernières?
Selon vous, jusqu'où ira l'effondrement du dollar US? Sa
chute peut-elle être le résultat d'une opération
orchestrée, comme certains l'affirment, afin "d'annuler" la
dette américaine?
Raymonde
New
A fine recap of what ails the US and a realistic appraisal of the
prospects for the next few years.
Are you in any way connected with the firm that published the
"Bank Credit Analyst?" I read BCA for many years and was always
impressed with its quality; your article seems to be of the same quality.
New
I have just finished reading your book, The New American Empire, and just had
a couple of comments I would like to proffer:
First, I believe you have given an accurate assessment of the
situation, save for one thing, which is that I don't believe that the majority
of American citizens ever supported President Bush. The first election was
stolen from Al Gore, with the help of the Supreme Court (which had plenty of
his father's appointees sitting on it). The second election was another
miscarriage of the plebiscite.
However, I believe you are totally accurate in your assessment of
the imperialist tendencies of the Bush administration. It amazes me that more
American citizens don't find it just as appalling as some of us do. Indeed,
prior to the invasion of Iraq, I told several people that if we had the
"right" to go into a country to change the leadership just because we
didn't like them, why don't other countries have the right to do the same here?
On a fairly recent trip to Turkey, I was discussing the U.S./G.
Bush situation with a Turk in a coffee shop, and I believe he may have been surprised
that I loathe Mr. Bush. I know that I am not alone in this sentiment.
The second thing I would like to mention is that in view of the
campaigning for the upcoming Presidential race, a large problem is the control
the corporate interests have over candidates in BOTH political parties. Both
Obama and Clinton have received enormous donations from the corporate world, as
has McCain. Interestingly, two candidates who had the loudest voices against
the lobbyists and lobbying (which I feel is at the heart of this problem) were
more or less eliminated by the press early on; the press, which is also
corporate-controlled.
I know you may be aware of this, but just wanted to give you my
"bird's eye view" of things as this American is seeing events, and
hopefully, more people will wake up to the precarious situation that exists in
the U.S. today!
In conclusion, I find it very ironic that our government keeps
calling elections in foreign countries "shams" when they are
conducting the very same types of elections here!
Judy
Answer by R. T.:
It
is very nice of you to have read the book and taken the time to write your
comments. I hope you got some insights from the book.
I
was myself recently in Istanbul where the book has been translated into Turkish
and, like you, had a few conversations about the rationale for the Bush-Cheney
administration to occupy Iraq.
As
to your main point that the American public never really supported George W.
Bush for all the reasons you give, I must remind you that I wrote the book during
the summer and fall of 2002. After 9/11, Bush's approval rating jumped to 91
percent, and even in 2002, the Democrats in Congress (Tom Daschle, the Senate
Democratic leader and "Dick" Gephardt, the Democratic House Minority
Leader, etc.) were politically afraid of him and gave him everything he asked
for, including in October 2002, a blank check to invade Iraq, even without U.N.
approval.
If
the American people had really known the truth, they would undoubtedly have
refused to go along. But the propaganda machine was so strong and loud, led by
Fox News and even the New York Times, that opposition to the war of aggression
was muted.
That
is precisely why I wrote the book, because I could not stand all the lies any
more.
Nouveau
Je viens de lire votre article sur le site de global research (http://globalresearch.ca/index.php?context=va&aid=8163)
à propos de la détérioration du système bancaire
aux US.
Je suis d'accord avec votre évaluation de la situation et après avoir lu plusieurs articles sur le sujet je suis maintenant convaincu qu'une crise majeure est à nos portes. Beaucoup d'articles sont présentement en circulation sur la source du problème aux US. Par contre on ne parle pas beaucoup de l'impact prévu sur le système bancaire canadien.
a) À
votre avis quel sera cet impact sur le système bancaire canadien?
b) À
la fin de 2007 la BMO, la CIBC et la Nationale ont déclaré des
pertes reliées au "subprime". Croyez-vous le système
bancaire canadien est à risque?
Robert
Réponse de R. T.:
Les
banques canadiennes vont s'en tirer, mais d'autres institutions vont subir de
grosses pertes. Par exemple, cinquante-cinq pourcent des prêts
« subprime » au Canada ont été faits par
des institutions du Québec.
I think it deserves mentioning that in an economy that uses Fiat
currency such as the USA, it is the printing of excess money by the Fed that
caused the illusion of rising house prices (inflation), when in actuality the
value of the dollar was deflating.
Steve
(Home:
TheNewAmericanEmpire.com)