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In his November 16 article headlined, "Ruling on Behalf of Wall Street's 'Super Rich:' The Financial End Time has Arrived," Michael Hudson said:
"The financial End Time has arrived....(t)hanks largely to the $13 trillion Wall Street bailout - while keeping the debt overhead in place for America's 'bottom 98%" - this happy 2% of the population now receives an estimated three quarters (75%) of the returns to wealth (interest, dividends, rent and capital gains). This is nearly double what it received a generation ago. The rest of the population is being squeezed, and foreclosures are rising."
The economy is being destroyed to favor Wall Street and Pentagon militarists. Obama perpetuates this madness. "The Wurst of Obama: He's Carving the Middle Class into Sausage Filler as a Super-Meal for the Rich," and trashing America in the process.
A recent article remembered Chalmers Johnson, best known for calling America's global wars and imperialism a "suicide option" unless reversed. Access it through the following link:
Naming us our own enemy, he called our policies "arrogant and misguided," America's condition dire, and it's "too late for mere scattered reforms." We can choose - democracy to survive or perish under current policies. He said America is plagued by the same dynamic that doomed past empires unwilling to change, what he called:
"isolation, overstretch, the uniting of local and global forces opposed to imperialism, and in the end bankruptcy," combined with authoritarian rule and loss of personal freedom. In other words, tyranny and ruin, his book "Nemesis" presenting:
"historical, political, economic, and philosophical evidence of where our current behavior is likely to lead. Specifically, I believe that to maintain our empire abroad requires resources and commitments that will inevitably undercut our domestic democracy and in the end produce a military dictatorship or its civilian equivalent."
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