Community | March 16, 2009 | 27 comments

How the world pimps America

source: http://therealnews.com/t/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=3413

Vierotchka
Pepe Escobar: And how the US is shifting the crisis into the rest of the world.

The US Treasury will borrow no less than one trillion dollars from the developing world in 2009. It will need even more in 2010. Pepe Escobar argues the US is indeed in a privileged position: not only it unleashes a global financial crisis, it then sucks up money from all over the world, based on the fact that the US in fact remains the "manager" of choice of global capitalism. As if this was not hardship enough for the developing world, it now also has to cope with the resurgence of the discredited World Bank and IMF. A certain Tim Geithner has been through this before - during the Asian financial crisis in 1997/1998 - and then he got it all wrong.

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27 comments // How the world pimps America

  • jubal
  • Mondoray
    • 0
      Mondoray  
    • jubal:

      RBS and Barclays? OCB? Citi? Yes they are all in control of the USA! Their directors should all be hanged from Blackfriars bridge! [It's all a Masonic conspiracy you know... ;-) ]

    • 2 years ago
  • jubal
  • Mondoray
    • 0
      Mondoray  
    • jubal:

      You are correct. However it's been my experience on discussion boards like this that sooner or later people talk about the "New World Order", the "Tri-Lateral Commission", the role of the Catholic Church and then how everything is run by the Masons.
      I just decided for my own case to get to the final discussion point as quickly as possible.
      Also - and this is really bait - Vierotchka has another opportunity to waste time searching the net for some gross pic which she thinks is clever and witty. She could give a cogent defense of Pepe's view of how "the world" is "pimping" America (Wall Street etc.) but her effort seem to be limited to posting other comments by people she "agrees" with which allows her to be the most prolific poster on this site. Sort of an actualisation which cannot be met through education, research or thoughtful commentary.

    • 2 years ago
  • Mondoray
  • Vierotchka
  • Mondoray
    • 0
      Mondoray  
    • Mondoray:

      It's unfortunate that you deleted your photos of them. I guess that will have to be "our little secret".

      But you are correct - it's Pepe! (I apologise to all the Pablo's who may have been offended)

    • 2 years ago
  • Mondoray
  • Mondoray
    • 0
      Mondoray  

    • Pablo - you are the last Marxist left! (Except for the population of North Korea) Where have you been hiding?
      The US is taking money from the developing nations? You mean people in the Sudan and Cambodia are buying US Treasury Bonds? You showed a clip of young children from (?) walking down the road instead of riding in a bright Yellow School Bus. Then you switch to China. Ok, let’s call China a ‘developing’ country. Since Mao went to that great commune in the sky it finally embraced a limited free market. And all of those Treasury Bonds held by China. Who will pay off the bonds when they come due? Will it be those poor kids walking to School in developing countries or the US Taxpayer?
      Perhaps Cuba would be a better example. Cuba is unaffected by the IMF as far as I can tell. Since the ‘revolution’ it’s been unaffected by anything outside the Country. But then again there’s ALBA which has immensely improved things. This will put Hugo Chavez in the position he craves and be a lone candle of hope in this dark world of free markets and free speech.
      I’m looking forward to your next “Real News” video on how the US Empire exported triglycerides to the rest of the world in order to boost the US Pharmaceutical Drug Makers.

    • 2 years ago
  • Vierotchka
  • Mondoray
    • 0
      Mondoray  
    • Mondoray:

      Yet even another photo! I am so happy you took the time to find a photo to express what you are talking about. [Now you should work on your prose. Eventually you will make sense.]

    • 2 years ago
  • jubal
    • 0
      jubal  

    • America will bankrupt the world; economically and spiritually. America is the new Babylonian Empire of greed. Who will lament her when she is gone?

      No one laments a whore when she is dead.

    • 2 years ago
  • unclecharlie
    • 0
      unclecharlie  

    • Pepe Escobar? Didn't they shoot his arse on the roof of that house in Colombia while he was running from "Los Federales"? And they posed next to his body like it was a prized wildebeest? Ohhh........Yuk! Yuk! I guess I was thinking Pablo.....Pepe must be Pablo's Evil Twin!!

    • 2 years ago
  • vladbox
    • 0
      vladbox  

    • There was a rumor floating three weeks ago, that implied that Hillary Clinton was in China seeking about three trillion dollars in capital, through treasuries. The Chinese of course replied by saying "Hmmm your economy is a black hole what can you do for me" (which is precisely what the prime minister said yesterday about the bonds) and Hillary offered "Eminent Domain rights" to the Chinese as collateral. If we consider that the financial mess capitalism "a la americana" created, and could be in the realm of 1.44 quatrillion dollars, this may not be far fetched.

      I have to say something else, this practices of lending money with severe conditions to the world were devised in the 70's when the dollar was decoupled from gold. It was just a matter of time to see this collapse. Of course the US population has nothing to do with it per se, they are just as everyone else in deep. BUT by being more AWARE they could be the faction of change, because it is the US government and its corps who made this happened.

      Having said that, to say that Viero hates the US is to bury your head in the sand. (just remember your little booty still out)

    • 2 years ago
  • swami
  • current89
    • 0
      current89  
    • swami:

      Though I disagree with Vierotchka on a number of issues. what you have said is completely moronic and dare I say it, un-American. Anyway she's a European, at least I think so.

    • 2 years ago
  • Vierotchka
    • 0
      Vierotchka  
    • swami:

      I don't hate the USA, I hate what it does to the world. Most of my family are Americans or live there, they feel as I do and do their best to change things to the better.

    • 2 years ago
  • swami
    • 0
      swami  
    • swami:

      Remember that the USA in general, the people, are not completely responsible for the actions of the government or government-supported corporations. Yes, politicians have been voted into office, mostly after lying about good deeds that they will carry out, but the general population has no control once the corrupt, greedy officials take office. Maybe we have been "sheep" in this area, but 90% of the American people don't make and apply these vile, moronic, destructive, political, militaristic and overall greedy economic actions. :-)

    • 2 years ago
  • Vierotchka
  • slvrGelatin
  • vladbox
  • pjacobs51
    • 0
      pjacobs51  

    • America, the black hole of world commerce, that makes since. Why the US remains the "manager" of global capitalism is a very good question.

    • 2 years ago
  • Vierotchka
  • pjacobs51
  • mik661
    • 0
      mik661  

    • Even now they give us their money because on its worst day, America is better than them on their best day. What are you implying that we send people door to doorand beg them to give us their money? We remain the manager of choice because we do it better than they do.

    • 2 years ago
  • Vierotchka
    • 0
      Vierotchka  
    • mik661:

      They don't give you their money, you steal it from them. The population of the USA is only 5% of the world's population, yet it uses 25% of the world's energy and over 25% of the world's resources - its prosperity depends on robbing the world and killing millions of people in the world. It is a monstrous parasite, a cancer.

    • 2 years ago
  • Kylsport
    • 0
      Kylsport  
    • mik661:

      Vierotchka is not saying that the these countries have the obligation to prop up our monetary system. It is in their best interest to do so, as the American economy is the prime world economy. Look at China for instance (basically an off-shoot of the American economy). When it slows here, it slows there. They do not have the economy of scale to buy or consume at the rate the American economy does.

    • 2 years ago
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