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America -- The Newest Third World Nation

America, third world country, flagBetween the economy and the political environment in the United States, it’s obvious that we’re on shaky ground. But most would not go so far as to call America a Third World country.

This article from Downside World News, however, does just that:

The U.S. is just starting to see the early stages of systemic problems in the American economy with the fallout from the subprime mortgage problems. The “policemen” of the American economy, and to a lesser extent the entire global economy, have failed to do their jobs, and this has not been an accident. Laws have been changed overturning the post-Great Depression rules designed to save the banking industry from itself.

There are flaws throughout the system that have led to this problem. Some 35 years ago, bribery was legalized in America by allowing PACs (political action committees) to pay off Congressmen -- and now the medical/pharmaceutical industry that is more fraud and rip off than real medicine. There is a giant agricultural industry whose genetically modified food is causing far more problems than it could ever solve.

A sign of a Third World country is that its systems don’t work well because the government is for sale. When you can bribe anyone in the government to get what you want, that is a sign of very deep sickness in the nation.

Upon reading something like this, it’s easy to feel disheartened, but I prefer to feel hopeful that change for the better can still occur.

Congressman Ron Paul said it best: "Each of us should choose which course of action we must take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes, but let it not be said that we did nothing."

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Comment on This Article Community Comments (94)
 
 
Posted On Sep 04, 2008
"The policemen of the economy have failed to do their jobs"

No.  The "policemen" of the economy should not exist, they are the cause of the problem. 

It's the Federal Reserve who has directly caused the subprime mortgage crisis.  They inflate the currency (print money), which causes artificially lower interest rates and these low rates encourage malinvestment.


 
limelemon
Savvy User Savvy User, Joined On 5/2007
limelemon  
Replied

stoic
Apprentice User Apprentice User Joined On 3/2007
stoic  
 
Posted On Sep 04, 2008
Speaking of policemen, No Name, I saw an article yesterday about the good sheriff Lott, up in Richland county (Columbia), who has just added an armoured APC to his arsenal...complete with a turret mounted, belt-fed .50 cal machine gun atop it. Posse comitatus is lonnnnggggg gone...cops are becoming indistinguishable from military - & you know what for & what it means.... 


All Under Heaven
Apprentice User Apprentice User Joined On 2/2008
All Under Heaven  
 
Posted On Sep 04, 2008
No Name-don't hate the country, hate the government (and all the scumbags that ruin this country-that's a lot of scumbags)...


stoic
Apprentice User Apprentice User Joined On 3/2007
stoic  
 
Posted On Sep 05, 2008
That sounds like "don't hate the player, baby, hate the game", AUH... which is probably a variation of "its your world, boss, I just live in it"... which means "if you can't beat 'em, join 'em"... or, at least, "go along to get along", "don't rock the boat", "don't make waves"...& these are some of the pragmatisms that result in enormous herds of wee-bles... who meet the enemy only to find him always someone else...never recognizing the image in the mirror.....


shiva
Savvy User Savvy User Joined On 10/2006
shiva  
 
Posted On Sep 06, 2008
“Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.”

Ben Bernanke in a speech honouring Milton Friedman on his 90th birthday.

-http://www.federalreserve.gov/BOARDD...08/default.htm



shiva
Savvy User Savvy User Joined On 10/2006
shiva  
 
Posted On Sep 06, 2008
“This is a staggering thought. We are completely dependent, on the Commercial Banks. Someone has to borrow every dollar; we have in circulation, cash or credit. If the Banks create ample synthetic money, we are prosperous; if not, we starve. We are, absolutely, without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity, of our hopeless position, is almost incredible, but there it is. It is the most, important subject; intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse, unless it becomes widely understood, and the defects remedied very soon.” 

– Robert H. Hemphill (Credit Manager of Federal Reserve Bank, Atlanta, Georgia)


stoic
Apprentice User Apprentice User Joined On 3/2007
stoic  
 
Posted On Sep 06, 2008
Shiva!

Yeah, well, sorta'...if not mistaken, I believe uncle milty's conclusion was that the 'mistake' the fed made was to reduce supply - if they had only been sensible enough to open the flood gates, crisis would have been averted. Hair of the dog, in other words....

besides, unc milty was the one who dreamt up payroll withholding - for that he roasts...... 


Masonsmama
Novice User Novice User Joined On 7/2007
Masonsmama  
 
Posted On Sep 20, 2008

I just wanted to say that for a website about positive steps to take for our health, including and foremost taking personal responsibility there sure are a lot of negative, blaming comments. Dr. Mercola seems to be a huge proponent in mind over matter. Mind over matter has proven time and again to heal an ailing body. When applying mind over matter to heal one's body, there is no room for negatives, one cannot focus on what they don't want or what they have to complain about. One most only focus on positive, healing, grateful, loving thoughts. And one most believe it is possible. I think we can apply that same philosophy to our nation, to our world. Mother Teresa sad something to the effect of "I will not attend an anti-war rally, I will attend a peace rally" She knew the power of thought... anti-war focuses on war. Peace focuses on peace. I can complain about America and all the scumbags, but I will only bring about more to complain about. Lets focus on solutions, on what we want, and yes semantics make a difference, see above anti-war/peace scenario. The old saying if I point a finger at you three are pointing back at me... well, that's a saying that has stood the test of time for a reason. Our thoughts and feelings greatly impact our health, and the health of our world...



Bunnydancer
Novice User Novice User Joined On 9/2008
Bunnydancer  
 
Posted On Sep 20, 2008

They deregulated the banking industry (same people on McCain's campaign now)

www.politico.com/.../9246.html

When you allow banks to get into equities and derivatives..you have alot of speculative gambling going on which has caused the oil prices to go through the roof (60% oilprice is speculative cost), as well as artifically driving up real estate prices.This started under Reagan (S&L scandal, iran contra) and escalated under Bush)

Bernanke just happens to be best friends with many of the CEOs of these wall street firms so he bailed out his buddies.

The federal reserve is a private bank run by  international banking Cartels who own Lehman brothers, Citbank, and many of the other banks and financial firms they are bailing out...it is a giant racket.

They play, you pay...



Brazil123
Novice User Novice User Joined On 4/2008
Brazil123  
 
Posted On Sep 20, 2008

Allan Greenspan is the culprit in this crisis. He did nothing to stop the tech bubble from growing. He created the Housing bubble and did nothing to prevent that from growing; now he blames these disasters to just about anyone including Russia. What a joke. This incompetent person should be behind bars. I am not discounting the fact that Americans should have taken responsibility and educated themselves about what they were getting into by the way.



fokiss
Novice User Novice User Joined On 9/2007
fokiss  
 
Posted On Sep 20, 2008

A hundred years ago Henry Ford said "If the American people understood how are monetary system works today there would be a revolution tomorrow".

Since 1913 outsourcing our money to private bankers "The Quasi Government" or "Federal Reserve System" have deviated from our constitution (article 1 section 8).

Thomas Jefferson stated,

"If the American people ever allow private banks to control the issue of currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered."

If this is too deep please watch the Wizard of Oz and Follow the Yellow Brick Road.



charmus
Novice User Novice User Joined On 2/2008
charmus  
 
Posted On Sep 20, 2008

This crisis started since the idiot and his vice, the criminal, took office in 2001. How can it be that in this day and age in a western society all these totally unqualified people (including a criminal who has killed thousands of people) take office of a country that is supposed to have its checks and balances in place? Has this nation not learned anything from history (especially from European history) ?



potter1958
Novice User Novice User Joined On 6/2006
potter1958  
 
Posted On Sep 21, 2008

Hey Charmus,

Why do you think a lot of European governments have been voting into office CONSERVATIVE POLITICIANS???  Because the liberals over there have screwed everything up, and the people are just now starting to realize that the only way to possibly save themselves is to try and get back to conservative ideals.

The "criminals" in office?  Have they been impeached, if they are criminals?  Why hasn't the liberal democrats who run the congress right now impeach him.  McCain warned the senate over two years ago, but no one did anything.  Why?  Because more Democrats benefited, money-wise, than Republicans! Obama being one of those who made the second-most amount of money, right behind another democrat!

You and others who are as blinded as you are should take a closer look at how you see things.  The democrats want to take more of my (and your) money, and will take this country towards becoming a sociolist country.  That's if they don't get us all killed first.



charmus
Novice User Novice User Joined On 2/2008
charmus  
 
Posted On Dec 17, 2008

Hey Potter,

Did anybody take your money while Bill Clinton was president? Of course not. President Clinton created the greatest surplus in American history. The economy was great, booming, lot of great jobs, everybody was well off. And now after 8 years of President Bush? Is your own micro-economy better off than in the late 90s? I doubt it. Everybody is struggling, nobody has money. So who is taking your money now? Look at the bigger, global picture. While Bush gave you around $600 back in taxes, what do the one-time $600 help, if in the coming years most of us lost tens of thousands of  Dollars, because our employers were cutting or not increasing wages (+overall living cost increases, raise in unemployment,etc.) due to this crisis Bush & Cheney ran the whole world into? Also if you claim that republicans (as opposed to democrats) give money to the people, why didn't they give the bailout to the people instead of giving to the banks? Also the conservatives in Europe have more or less the same ideologies as the more right-wing Democrats here in the US. A party similar to the US Republicans doesn't really have any majority anywhere in Europe. Just look at European polls (85% would have voted for Obama and only 15% for McCain. 4 years ago, Bush even got worse numbers). In Europe, such a 2-sided distinction between liberals and conservatives is really not in place. Most governments in Europe run middle of the road politics, which, if you ask any political analyst, is comparable to Democrat values in the USA. In order to see this difference between the US and EU though, you would have to have lived on both continents or at least regularly watch unbiased European news (i.e. German, French, Swedish, etc., not only British).


 
 
 
Posted On Sep 20, 2008

As a foreigner I am somewhat glad to see that some people in the USA are getting really mad at their government.

You are not quite where we are in South Africa, with Zuma and Mbeki, We have corruption as a career path now and crime as an Honours degree if you want. Also we have millions of our money , that couldbe spent on soup kitchens feeding the local people, accompanied bybent arms purchases,And then to add to the Fred Cano Circus of fools we have the great leader to the north, Robert Mugabe of Zimbabwe.

But don't forget, you in the US, are still looked at as the leaders of this world.

I have no right to criticise your government; thats your right.

But for crying out loud please start to get a wake up call, because where I once thought that if the real problem came to my country, that I had to leave here for my famil's safety- then the USA was a place i would more than consider moving to if I could. That was in 1995.

Now I am not that keen.And I have been awarded a green card.

When you live in the USA as I once did for, 4 years you sort of live in rose tinted glasses. Yet when you live outside the US, you see things happening and emanating from the USA, that when I speak to people there , they are totally oblivious of what is going on inside their State and their country.

Like the book 'The Animal Farm' the pigs have taken over the farm and you cannot see the difference between the humans and the pigs- they all look the same.  Its just about happening there, in the USA and you have time to change it. For us here in SA we have to hope the next "Napolean" who heads up the farm is hopefully a bit better than the last one but that is unlikely to happen. Please when you vote this next election of yours make sure the right 'Napolean' gets in who puts you people first and not go galavanting off all over the world to sort the world out.

The USA needs to get strong again and the first rule is to get your own house in order.

John  


 
Winddancer
Novice User Novice User, Joined On 9/2008
Winddancer  
Replied

MikeM_203
Apprentice User Apprentice User Joined On 5/2007
MikeM_203  
 
Posted On Sep 20, 2008

Winddancer...again, well said!  How funny that the best perspectives seem to come from people that have either had an "awakening", of sorts, or people who live outside the U.S. and can look in without bias.

The U.S. is the very definition of a glass house; telling the rest of the world what to do and how to do it under threat of arms while their own society and culture rot from within.  The truth of this is only recently coming to light with the widespread crimes perpetrated by the Bush regime and the collapsing U.S. economy.  Folks, this is what a meltdown looks like...when banks and insurance companies that survived the Civil War and the Great Depression are failing, something is rotten.  Greed is part of it, but bloated government and a corrupt banking scheme are the biggest offenders.  It's horribly unfortunate that the American people weren't smart enough to elect Ron Paul.  20 or 30 years ago he would likely have won by a landslide, but today he's branded as a crackpot.  Un-friggin'-believable!

As far as I'm concerned the sheep who have been asleep at the switch are getting exactly what they deserve...it's just a shame that so many decent people will be hurt along the way :(



petite750
Novice User Novice User Joined On 11/2007
petite750  
 
Posted On Sep 21, 2008

The american people are getting the government they deserve.  They deserved 8 years of Bush and they will deserve McCain.  You could see this financial crisis coming from a mile ahead, yet the government just fueled the fire.  Doesn't make sense?  Well, as one person described it, "Has more money ever been given with fewer restrictions on how it is used? Ever?"  We are handing over the store to the money handlers, we will never recover control again. The execs will walk out w/their golden parachutes, the rich cats will do fine.   And where are the homeowners with money problems?  No one is worrying about them.



petite750
Novice User Novice User Joined On 11/2007
petite750  
 
Posted On Sep 21, 2008

Do I sound cynical and jaded?  It comes from years of frustration at the inability of the public to see what is in front of their noses.  I finally realized, people just aren't all that smart.  Then I stopped worrying about it, there is very little that can be done with such an illiterate electorate (I don't care how much schooling they have had)


 
 
 
Posted On Sep 20, 2008

As a true-American (born in Washington, DC), I am embarassed to call this country my home.  "Money" is the root of "all" evil.  The "true-terriorists" are located and positioned in each and every head of all of our top officiating offices.  They have been bought and paid for by big-Pharm, Monsanto and the oil-industry.  

We can profoundly bark out our increasingly disgust at what is going on, but we as "consumers" can make the biggest statement by changing our buying methods and how we buy.  Buy organic, local farm fresh, stop taking drugs (I am prescription-free now over 3 years), take homeopathic and supplement with flax, omega-3, get sunshine each and every day.  STOP watching the news (did this almost 2 years ago now).  STOP reading the news (over 3 years now for me).  Do not engage in political conversations at the water cooler with known brainwashed co-workers unless you believe that you can convert them.  Reduce your driving down to the barest minimum.  Combine your errands as much as possible.  Pay for everything in cash.  If you can not pay for it in cash, then you do not need it in the first place.  Been doing this for about 7 years now.  It is tough, but worth it.  I also rent, so I don't feed the banks with imoney that they don't already need.  Get rid of your credit cards immediately.  My bank card allows a generous daily withdrawal.  

By changing the way that we live, and when we as consumers stop feeding into this corrupt situation that we have allowed to happen, we are making a substantial statement of zero tolerance.


 
fingurl
Novice User Novice User, Joined On 4/2008
fingurl  
Replied

Dr Rik
Savvy User Savvy User Joined On 11/2006
Dr Rik  
 
Posted On Sep 20, 2008

be proud of your country because you have the freedom and opportunity to fight back. If citizens don't defend their own freedom, they don't have the country or government to blame



Brazil123
Novice User Novice User Joined On 4/2008
Brazil123  
 
Posted On Sep 20, 2008

Money, the root of all evil? What a joke!!! Money makes you more of what you already are - bottom line.



being_fiona_falconer
Novice User Novice User Joined On 4/2007
being_fiona_falconer  
 
Posted On Sep 20, 2008

I think "fingurl"  was making a Biblical reference, but left out a couple of important words.  the verse reads, "the love of money is the root of all evil".  Not money in itself, but loving money - greed.  And that is absolutely no joke.



Irish83541
Novice User Novice User Joined On 5/2008
Irish83541  
 
Posted On Sep 20, 2008

You do realize that we, the people, hold alot of cards here.  Do any of you know what would happen to the American Banking System if we, the people, decided to go on the Bartering System?  We are many, they are few!  Money is already near worthless.  Pumping more of what we don't have into a system that is broken is NOT going to fix the system!  Everytime more money is pumped in, there is another crisis the next day that needs an even bigger fix!  If it were up to me, I would let the chips fall where they will.  

One more thing....if I, being a tax payer, am now part owner of AIG, and I am loaning AIG money I got at 3.5% for a return of 11.5%, who is going to get MY part of the profit???  American taxpayers, how does it feel to now be a lending institution for failed companies???  No one bailed me and my family out in the 80's!  If you borrowed it, you paid it back!  If you couldn't pay it back, you filed bankruptsy!  End of story...the government did not and would not come to your rescue!  Funny how there's all kinds of money to help these over bloated companies, but New York and New Orleans are still in shambles (and now Texas).....money goes where money is.



petite750
Novice User Novice User Joined On 11/2007
petite750  
 
Posted On Sep 21, 2008

Dr Rik, we have some freedom, but much is an illusion. We are getting robbed blind while we are all sent looking another way.  We are puppets and don't know it.  I doubt you will ever get enough people that truly get how things really are to fight it.  They weren't kidding about TV being the opium of the masses.  

I had an illness, and it was obvious.  A charasmatic leader type told people it was an act, and it worked on very intelligent technical people, practically everyone. I eventually was in a walker, and occasionally a wheelchair.  She questioned why I used a wheelchair for a few days when I was bad.  The leap from walker to wheelchair is not exactly a huge jump.

People are sheep.


 
 
 
Posted On Sep 21, 2008

  While we are not in a 3rd world country in living conditions, we soon will be. Tent cities are beginning to pop up more and more as people lose their houses. Jobs are becoming more like slavery because they are fewer to get and employers know this. Already we are at 3rd world countries in education, health, longevity, corruption, infant mortality rate, and more. The plans were laid out some time ago and it appears they are going well. Of course looking at it there is one other possibility, pre-Nazi Germany.  

 The thing I can't figure though is how one can look at all this and not see health. For years we lived the American Nightmare and worried ourselves sick about getting sick, afraid to not make a payment. Then we got smart. I applaud Dr Mercola for bringing to light this info. We can call or term it any way we like, but a turd is still a turd and smells like a turd. I think we took a wrong turn being politically correct, we began focusing on words rather than actions and meanings. A few years ago we started electing "Leaders", instead of Representives. With the importance placed on words, we mentally got adjusted to being led. Since I'm not a mule, I resent being led.

  We can blame all we want, and some deserve the blame more that others, but initial blame goes to each of us for keeping ourselves amuzed, entertained, and lazy. People died to give us what we had, yet other than an email, post on a board, we do little to nothing else. We've managed to allow even legal recourse to be taken away. Then the 1/2 full gang, which think if they don't see it, its all good, wishing away the bad with happy, happy thoughts. The Credit Card bust is about to happen, along with non mortgage loans.

  This problem did not happen by accident, it was well planned. Problem, Reaction, Solution. 911 falls under the headline. Thing is, we can learn a lot from history, then again, the winner writes the history.  


 
hilly7
Novice User Novice User, Joined On 10/2007
hilly7  
Replied

Irish83541
Novice User Novice User Joined On 5/2008
Irish83541  
 
Posted On Sep 23, 2008

hilly7 ~ I totally agree with you that this has been in the making for a long time.  If Paulson gets Congress to pass his financial powers act, this country will be bankrupt by year's end.  I believe that is the goal.  This morning, when Paulson and Bernanke were asked what kind of guarantee the taxpayers would have, their responce was "What do the taxpayers have to do with this?"  When informed it was taxpayers' money, they said "There are no guaranrees".  Bernanke said if this isn't done, this country would go into a recesson.  HELLO! No jobs, low wage jobs, foreclosures, sky-high gas, utilities, and groceries?  WE ARE THERE!  Recession is defined as "a period of reduced economic activity".  Th only economic activity right now is happening on Wall Street and that is NOT Main Street, America.  Main Street, Amerca is the people that can't afford to drive their cars anymore.  Main Street, America is the people now living in tent cities across this country.  Main Street, America are the people who can't afford to even have a yearly check-up because it costs almost $200.00 just to see a doctor for 10 freakin' minutes!  You really think those people in the Banks and up on Capitol Hill give a crap about them?!  For those of you that have those comfy jobs and benefits, and nice homes in the burbs, you're next on the list.  They can't cut corners with the lower wage earners anymore...you know, the ones where each worker is now doing 3 times the workload as before because the companies dismissed 2 of every 3 employees?  How are you going to like living in a tent?  Do you really think this bailout is going to help anyone but the CEOs?  Figure it out!  It's sure not going to help the people that need it the most....


 
 
 
Posted On Sep 20, 2008

Hi, I am in Australia. I can tell you that I am part of a global community and when America bleeds, I hurt too. Your interest rates affect mine.

By the grace of god or by good fortune I was not born elsewhere in this lifetime - but I could have been. I am grateful for my good fortune, and true gratitude requires that you be ready to share it, just as true joy must be expressed. So I do not resent the aid given to other countries by my own.

We may be seperated by oceans - but still neighbours.

Politics and politicians is one whole other subject, and seems to have little to do with government. The politician with the best spin doctors and speech writers and the best spent publicity dollar wins the election.

By electing a person to a position of political power we lend them some of our power to make change. By blaming them for all else that goes wrong we surrender the rest of our power.


 
Heather Marsh
Apprentice User Apprentice User, Joined On 5/2008
Heather Marsh  
 
 
 
 
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