Un - American Activities

Bush's gang of mad beekeepers

March 19, 2003

Counting the cost... eventually

"The course is charted, arrogant use of the military is all the US ruling class has to maintain its dominance. After Iraq, asymmetric warfare, "terrorism," will be directed at Americans, American institutions, American targets, and American allies. When the rest of the world recognizes how thinly spread the US military is, thinly spread physically, and economically, because it is not a sustainable institution in its current incarnation, rebellions will occur. Indeed they have already started. The response of the weakening US will be to lash out, often with unforeseeable consequences, just as the consequences of this impending invasion are unforeseeable, and unknown."

The latest views of Morgan Stanley Economists /Global Economic Forum 24th March 2006

A senior Wall Street figure reflects on his experiences in Beijing and Dubai last week ... and he wasn't talking to terrorists and jihadists.

"From Beijing to Dubai, there is a growing undercurrent of economic anti-Americanism. The irony of it all is truly extraordinary: The US has the greatest external deficit in the history of the world, and is now sending increasingly negative signals to two of its most generous providers of foreign capital -- China and the Middle East. The United States has been extraordinarily lucky to finance its massive current account deficit on extremely attractive terms. If its lenders now start to push back, those terms could change quickly -- with adverse consequences for the dollar, real long-term US interest rates, and overly indebted American consumers. The slope is getting slipperier, and Washington could care less."

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