singular_me
5th May 2010, 07:17 AM
I just wonder how long it will take in the west for the confidence to capitulate...
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The Middle Class Game Is Up: We’re Heading to a Slave Labor Planet
MAY 2010
“There is no way the world’s working people can win in the long run, which is getting pretty damned short, or even survive, except by joining the worker struggles, of China, Asia and Africa and India. The idea that American workers are the same as the Asian and Latin American and African working people goes down hard in American gullets.â€
(Editor’s Note: Sometimes the most important energy is that which is needed to just “wake upâ€. Come on people. Pull your heads out of the sand. Denial is not a river in Egypt. – JSB) Joe Bageant of SilverbearCafe
Class solidarity was such a good idea. It really was. Obviously, most of the people who need solidarity are in the world’s laboring classes. After all, the rich have more than enough solidarity already, as was recently demonstrated by their successful execution of the greatest global financial heist in history. Oh sure, we’ll see some state sponsored mock show trials of a few of them – they always throw a few of their own out of the sleigh to the wolves during their escapes. The big heist was big news. Working Americans will be applying Preparation H to their keisters for a long time to come...... more
http://www.thecomingdepression.net/countries/eurasia/the-middle-class-game-is-up-were-heading-to-a-slave-labor-planet/
China ready to crash; new middle class forming in USA
“China is “on a treadmill to hell†because it’s hooked on property development for driving growth, Chanos said in an interview last month. As much as 60 percent of the country’s gross domestic product relies on construction, he said. Rogoff said in February a debt-fueled bubble in China may trigger a regional recession within a decade.â€
Investor Marc Faber said China’s economy will slow and possibly “crash†within a year as declines in stock and commodity prices signal the nation’s property bubble is set to burst.
MAY 2010
The Shanghai Composite Index has failed to regain its 2009 high while industrial commodities and shares of Australian resource exporters are acting “heavy,†Faber said. The opening of the World Expo in Shanghai last week is “not a particularly good omen,†he said, citing a property bust and depression that followed the 1873 World Exhibition in Vienna.
http://www.thecomingdepression.net/countries/eurasia/china-ready-to-crash-new-middle-class-forming-in-usa/
====================================
The Middle Class Game Is Up: We’re Heading to a Slave Labor Planet
MAY 2010
“There is no way the world’s working people can win in the long run, which is getting pretty damned short, or even survive, except by joining the worker struggles, of China, Asia and Africa and India. The idea that American workers are the same as the Asian and Latin American and African working people goes down hard in American gullets.â€
(Editor’s Note: Sometimes the most important energy is that which is needed to just “wake upâ€. Come on people. Pull your heads out of the sand. Denial is not a river in Egypt. – JSB) Joe Bageant of SilverbearCafe
Class solidarity was such a good idea. It really was. Obviously, most of the people who need solidarity are in the world’s laboring classes. After all, the rich have more than enough solidarity already, as was recently demonstrated by their successful execution of the greatest global financial heist in history. Oh sure, we’ll see some state sponsored mock show trials of a few of them – they always throw a few of their own out of the sleigh to the wolves during their escapes. The big heist was big news. Working Americans will be applying Preparation H to their keisters for a long time to come...... more
http://www.thecomingdepression.net/countries/eurasia/the-middle-class-game-is-up-were-heading-to-a-slave-labor-planet/
China ready to crash; new middle class forming in USA
“China is “on a treadmill to hell†because it’s hooked on property development for driving growth, Chanos said in an interview last month. As much as 60 percent of the country’s gross domestic product relies on construction, he said. Rogoff said in February a debt-fueled bubble in China may trigger a regional recession within a decade.â€
Investor Marc Faber said China’s economy will slow and possibly “crash†within a year as declines in stock and commodity prices signal the nation’s property bubble is set to burst.
MAY 2010
The Shanghai Composite Index has failed to regain its 2009 high while industrial commodities and shares of Australian resource exporters are acting “heavy,†Faber said. The opening of the World Expo in Shanghai last week is “not a particularly good omen,†he said, citing a property bust and depression that followed the 1873 World Exhibition in Vienna.
http://www.thecomingdepression.net/countries/eurasia/china-ready-to-crash-new-middle-class-forming-in-usa/