[Vision2020] George Soros on The Recession

[Ted Moffett]

Chas et. al.

Soros takes a lot of heat for being a "progressive" billionaire, in his
charitable donations (his financial contributions oppose the so called "war
on drugs," for example), second in total American charitable giving only to
Ted Turner, and behind Bill and Melinda Gates:

http://www.slate.com/id/2058599/entry/34627/

The inevitable "radical realignment of the global economy" is part of the
reason the US invaded Iraq.  It is a desperate measure of a
over reaching global empire trying to secure the resources (oil) that will
ensure it remains a dominate world power, while it still remains inevitable
that the US will lose its dominate status as a super power.  The desperate
measures to ensure dominance become part of the reason for a loss of power,
as the US trys to pay for its war empire via borrowing from other nations,
China and Japan among them, inducing fiscal problems.

And to change to topic a bit, though still focusing on the US global empire,
given we are now supporting a massive 100s of billions in dollars socialist
program to bring democracy to the Middle East...

Is it not amazing how fiscal conservatives continue to criticize government
funding for US domestic social programs, while billions are promoted to be
spent, by the same "conservatives," ostensibly to build a democracy in Iraq
in the Middle East?  As if the logic to argue for spending to help our
citizens, via taxation, is invalid, while the logic of US tax dollars spent
on "social programs" in another nation, is valid?

Ted Moffett

On 1/29/08, Chasuk <chasuk at gmail.com> wrote:
>
> http://www.ft.com/cms/s/0/24f73610-c91e-11dc-9807-000077b07658.html
>
> Here is a quite interesting excerpt:
>
> "Although a recession in the developed world is now more or less
> inevitable, China, India and some of the oil-producing countries are
> in a very strong countertrend. So, the current financial crisis is
> less likely to cause a global recession than a radical realignment of
> the global economy, with a relative decline of the US and the rise of
> China and other countries in the developing world.
>
> The danger is that the resulting political tensions, including US
> protectionism, may disrupt the global economy and plunge the world
> into recession or worse."
>
> Chas
>
> =======================================================
> List services made available by First Step Internet,
> serving the communities of the Palouse since 1994.
>               http://www.fsr.net
>          mailto:Vision2020 at moscow.com
> =======================================================
>
-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://mailman.fsr.com/pipermail/vision2020/attachments/20080130/0359323a/attachment.html