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Way OT, Foreign Aid
In article ,
Nad R wrote: Times are different than the thirties. Banks in the seventies were struggling with high inflation and high interest rates handcuffed by many parts of Glass-Steagall. President Reagan removed many parts of that Act. President Bill Clinton just finished it off. Economic times did get better, but they also have consequences, like going into a great depression. Economic times got better for the top 10%. http://www.nytimes.com/2006/08/28/business/28wages.html Jumbo jets, gigantic transport ships the Internet and other modern technologies have changed the world. Great, now we can fly lamb from New Zealand to England with all its attendant effects on the environment. The Glass-Steagall Act will not work in a free trade global environment. Screw "free trade", bring on "fair trade". The Glass-Steagall Act was repealled in, (what 1998?) and the blood suckers made their move. It took 10 years to sell all the toxic derivative. For the Glass Steagall Act to work some what, one first has to ban free trade.. If any nation can. In this global corporations will just set up somewhere and black mail any nation they choose from abroad. I think you are making my case for me. Mega corps like the global banks will say "if you do not comply, your nation will suffer economically. Restrict oil and your nation goes into a major recession. Lower interest rates and so bankers get richer or the wheat farmers will not get loans and starve your nation. Globalization and modern technology made this black mail possible by major corporations. Want electric power for those on the grid... Do as I say! My understanding even the CEOs of these mega corporations have nice deep bunkers to hold out from anything but the military. I believe Walmart's family bunker is worth hundreds of millions of dollars and well armed. Only a world government can reign in these mega corps. Why do think no one at BP oil ever when to prison for their negligence. Mega corps have the world by the balls! Mega corporations probably can ruin any nation on this earth. The only way for change in my opinion is a global economic collapse and try and form a new world government that can reign in these mega corporations. No where to hide! It is instructive to see the crowds in Cairo. The well armed police, and paramilitary were surrounded by unarmed people, and shoved back. Viva, Freedom -- - Billy “When you give food to the poor, they call you a saint. When you ask why the poor have no food, they call you a communist.” -Archbishop Helder Camara http://peace.mennolink.org/articles/...acegroups.html http://english.aljazeera.net/indepth...130964689.html |
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