Meltdown

Asian nations are deciding what they can do to limit their exposure to the
weakening dollar. Perhaps they will decide that our paper will soon be
a bad investment. United States government bonds, once the most stable
and solid of financial instruments have rapidly fallen to barely better
than junk bonds due to the fiscal irresponsibilty of Bush and the
republicans. They have cut revenues while dramatically increasing
spending, in fact they make the proverbial drunken sailor look like a
skinflint, a tightwad. The Europeans have pretty much come to the same
conclusions as the Asians and are currently rethinking their support
for the dollar as well as buying more of our bonds.

Where will it all end? At what point will the world, in self defense,
say enough is enough? Consider that with the Bush gang in the White House
and republicans in control of the congress, booming deficits are in our
future for as far as the eye can see. What does that portend for our
economy and that of the world? At what point will America's need for
money to fund current deficit spending as well as the interest due on
prior bonds and the redemption of prior bonds approach such levels as
to completely choke off the availability of capital for anything else?
What will happen to the economy, indeed to our society, when the
government sucks up all available capital in order to continue, and
pay, for its intemperate stewardship of the national finances?

Think if you will, no money for new homes. No money for mortages of
any kind. No money for business and industrial expansion. No money
for student loans, or automobile loans or loans of any kind. What
will that do to the "Ownership Society" charade Bush and his band of
fascists are trying to foist upon us? Quite simply the "Ownership
Society" will come to mean the the ownership society belongs to the
government and we have seen that before. In Russia, Germany, Italy,
Argentinia, Chile and banana republics everywhere. Whenever such ideas
have grown in the world, democracy and freedom have died. To be sure,
the fascists and dictators have always masked their goals with words
like freedom, democracy, honor, ethics but if history has taught us
anything it has shown that fascists, dictators and miscreants such as
Bush and his gang of thugs have no honor, ethics or respect for democracy
and freedom. They have only their avarice and need for power.

Wake up America for the point of no return for our democracy approaches
apace.