108 online
 
Most Popular Choices
Share on Facebook 5 Printer Friendly Page More Sharing
General News    H3'ed 12/16/12

Ignoring Warnings Can Be Fatal

By       (Page 1 of 3 pages)   1 comment
Message Danny Schechter

SAIL ON O' SHIP OF FATE: IGNORNING WARNINGS CAN BE FATAL. 

By Danny Schechter

2012 has been the l00th anniversary of the famous Titanic disaster. The Captain of that "unsinkable" ship was warned that there were icebergs ahead but he was too busy, out to set a speed record on the way to New York.

The warnings were ignored and we know what happened. What we don't know is why other urgent warnings go unheeded.

Take the repeated warnings that the easy availability of hand guns and assault rifles would lead to more massacres of innocents. The National Rifle Association operates with impunity (even as it bans weapons in its offices.)

When action is not taken, you increase the likelihood of more deadly incidents like the ones in malls and even elementary schools.

Take the predictions of a storm surge tied to climate change threatening the New York/New Jersey coastline. They were acknowledged but downplayed because right-wingers and their think tanks spent a decade in bogus quibbling about "junk" science.

NowM New York City is facing a billion dollar plus clean-up bill, and even the small army of the biggest names in rock and roll who did an inspiring benefit for storm victims did not question the denial factor in government and the media.

And now, as the fourth quarter of economic activity tapers down for the holidays, and companies close for the New Year, forecasters avoid making dire predictions for fear of being seen as alarmists or "doom and gloomers."

 

Many seem to fear that if they say things will get worse, the very act of saying it may make it happen. Talk about the arrogance of power!

But that hasn't stopped Paul Craig Roberts an Assistant Treasury Secretary in the Reagan Administration from warning on USA Watchdog.com:

  "America is going to crash big time" The real problem is not the fiscal cliff. The dollar is on very thin ice. "

"They can't stop hemorrhaging the debt, and the way they cover that is to hemorrhage the dollar."  In this real time scenario, Dr. Roberts goes on to say, "When you have debt pouring out and dollars pouring out, the dollar can't keep its value forever.  At some point, people will run away from it, and it will start abroad." 

Dr. Roberts thinks there is "an impending collapse of the exchange value," and the U.S. dollar could unexpectedly plunge in buying power.  Dr. Roberts contends, "All of a sudden, people walk into Walmart, as usual, and they think they've walked into Neiman Marcus."  Dr. Roberts says there are no quick fixes to the bulging debt because "there's no way to close this deficit when corporations are moving the tax base off-shore."  

Next Page  1  |  2  |  3

(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).

Rate It | View Ratings

Danny Schechter Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

News Dissector Danny Schechter is blogger in chief at Mediachannel.Org He is the author of PLUNDER: Investigating Our Economic Calamity (Cosimo Books) available at Amazon.com. See Newsdisssector.org/store.htm.
Related Topic(s): Fraud; Fraud, Add Tags
Add to My Group(s)
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines

 
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Israel Gives All Jews A Bad Name

Is There A Threat of Fascism in the USA?

Free Marketers Going After Occupy Wall Street --Danny Schechter

WHO OWNS OUR MEDIA AND WHY IT MATTERS

COG OR COA: WHY IS OBAMA MORPHING INTO BUSH 2?

WERE THE BANKS TOO BIG TO FAIL OR THE BANKERS TOO BIG TO JAIL?

To View Comments or Join the Conversation:

Tell A Friend