A bit like not twigging that BP is not a long gone company called "British Petroleum" (as Obama claimed on national TV), but is in fact a multinational called "BP" (at once point "BP Amoco PLC") 49% US owned, c. 25% owned by US corporate investments, I.e. US workers' pension funds... so who is it that much of those dodgy compensation billions are coming from?Wow, this topic exploded quickly
You know, everyone assumes that the majority of the money being loaned to the US government is coming from outside the country, ala China. While China does indeed hold a lot of US debt the majority of lenders are US citizens. Pensions/retirement plans/investments, etc. Basically if the US decides to default it'll be deciding to not pay back itself for the money it loaned itself. :S
My wife and I have a bet going. She's thinking we won't default and I'm betting we will. She's pointed out that we're effectively wagering on the global economy living or dying.
So in the end US will become social democratic if it all turns good
What really surprises me is how many US citizens believe that the Affordable Care Act (aka Obamacare) is socialist. It's a subsidized, market based insurance scheme that was concocted by conservative think tanks and initially implemented by a Republican governor.
Of course we still have people that think Obama is a closet Muslim and was born in Kenya. <sigh>
I suppose we never really ended Reconstruction after the Civil War.
There are also some people that think there is no internet in France
Haha. Here is a little taste from Karl Marx. He had it all figured out. To bad he didnt realise people dont listen or they seem to forget the more they are influenzed by greed. Greed and control is the demize of man. Just look at history.
Karl Marx says:
He called capitalism the "dictatorship of the bourgeoisie," believing it to be run by the wealthy classes for their own benefit; and he predicted that, like previous socioeconomic systems, capitalism produced internal tensions which would lead to its self-destruction and replacement by a new system: socialism.
So in the end US will become social democratic if it all turns good
What really surprises me is how many US citizens believe that the Affordable Care Act (aka Obamacare) is socialist. It's a subsidized, market based insurance scheme that was concocted by conservative think tanks and initially implemented by a Republican governor.
Of course we still have people that think Obama is a closet Muslim and was born in Kenya. <sigh>
I suppose we never really ended Reconstruction after the Civil War.
Please, take all the pedantic points you want. They are "you're s" to keep. Cherish them for they are my gift to you. Hang them in a pride-of-place position over the mantle piece for all to admire.
Please, take all the pedantic points you want. They are "you're s" to keep. Cherish them for they are my gift to you. Hang them in a pride-of-place position over the mantle piece for all to admire.
Haha. Here is a little taste from Karl Marx. He had it all figured out. To bad he didnt realise people dont listen or they seem to forget the more they are influenzed by greed. Greed and control is the demize of man. Just look at history.
Karl Marx says:
He called capitalism the "dictatorship of the bourgeoisie," believing it to be run by the wealthy classes for their own benefit; and he predicted that, like previous socioeconomic systems, capitalism produced internal tensions which would lead to its self-destruction and replacement by a new system: socialism.
So in the end US will become social democratic if it all turns good
