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Kunstler: Get Real! 

By: fizzy in ROUND | Recommend this post (1)
Tue, 24 May 11 8:27 AM | 76 view(s)
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http://kunstler.com/blog/2011/05/get-real.html
excerpt:

...Notice that Scott Pelley did not announce that the US DOJ is investigating Goldman Sachs, or Citi, or Merrill Lynch, or Bank of America or several other so-called banks for looting the American public and influence-peddling in the halls of government. Or the SEC and the CFTC for failing to regulate the trade in frauds and swindles. The window for that sort of action is closing, and with it the reasonable hopes of citizens in the legitimacy of institutions that manage things.
...Political problems arise when many people in a society lose faith that their institutions are competent, trustworthy, and fair, and seek ways to bring them down. We're in a political crisis and we don't know it. Other parts of the world know it
...The trouble in the Middle East and North Africa (MENA) is probably not so much over abstract ideas about "freedom" and "democracy" (we flatter ourselves to think so) as food scarcity and the pressures of exploding populations. The OCED nations might not care so much if this region didn't produce so much of the world's precious oil - but it does, of course, so we can't help but meddle in the politics there
...This isn't the first time I've said we could wake up one morning and find a Pentagon general in charge of things. If US economic history is any rule, Barack Obama would just be plain un-reelectable. But would anybody really vote for such a bumbling, glad-handing Babbitt non-entity as Tim Pawlenty? The things that really could tip the USA over are boring issues like interest rates and currency values - and the rule of law in money matters.


I have come to realize that men are not born to be free. Liberty is a need felt by a small class of people whom nature has endowed with nobler minds than the mass of men. -Napoleon




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