Jim Rogers: US 'More Communist Than China'

[Sapiens]

Ha ha ha!!! You go Jim!

[oddlots]

Re: Jim Rogers: US 'More Communist Than China'

How long till the corollary - China is more democratic than the US - looms on the horizon. Case in point, if "Currency Wars" is a best-seller in China then they are at least aware of the issues involved in the current economic crisis. (And if they take a chauvinist viewpoint is there an American who can in good conscience fault them on that?) Can we say the same of the West?

My father who, with seemingly little effort, always spots the big BS as it passes across the news, financial or otherwise, said to me he watched a session of the Peoples Congress (or whatever its called) the other day (or obviously some portion thereof) and said he got the distinct impression that those at the podium were actually reporting to the congress on the progress of the administration in dealing with detailed concerns that the congress were well informed of. In other words it looked like an effective government.

Would anyone miss those conventions?

[oddlots]

Re: Jim Rogers: US 'More Communist Than China'

Just watched it again and realised that the bald guy bringing up the "moral" issue was actually onto something in a confused way. (Notice the disdain from the rest.) Can we all pitch in and buy him an itulip subscription with a heavy dose of Hudson or something? Painful to watch but good on him.

[don]

Jim Rogers: US 'More Communist Than China'

This video has a few interesting angles to parse.

the ethical part should be worked into a comedy routine.:p>:p>
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A note on the politicians clip- Obama vs Palin. No Biden, no McCain. They have effectively canceled each other out in the general imagination.:p>:p>
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For those who think America decides how to vote in its dreams::p>:p>
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Smooth talking elegant black guy wins sexy white librarian. A longstanding All-American nightmare. Too bad they won't be paired in a debate on the same stage. Norman Mailer would have loved this election.

[D-Mack]

Re: Jim Rogers: US 'More Communist Than China'

Lots of people see the communist part

Comrades Bush, Paulson and Bernanke Welcome You to the USSRA (United Socialist State Republic of America)
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Nouriel Roubini | Sep 9, 2008

....

The ideologue “regulators” who literally held a chain saw at a public event to smash “unnecessary regulations” are now communists nationalizing private firms and socializing their losses: the bailout of the Bear Stearns creditors, the bailout of Fannie and Freddie, the use of the Fed balance sheet (hundreds of billions of safe US Treasuries swapped for junk toxic illiquid private securities), the use of the other GSEs (the Federal Home Loan Bank system) to provide hundreds of billions of dollars of “liquidity” to distressed, illiquid and insolvent mortgage lenders, the use of the SEC to manipulate the stock market (restrictions on short sales), the use of the US Treasury to manipulate the mortgage market (Treasury will now for the first time outright buy agency MBS to manipulate and prop up this market), the creation of a whole host of new bailout facilities (TAF, TSLF, PDCF) to prop and rescue banks and, for the first time since the Great Depression,to bail out non-bank financial institutions, and a whole range of other executive and legislative actions (including the recent bill to provide a public guarantee to mortgage for banks willing to reduce their face value).


This is the biggest and most socialist government intervention in economic affairs since the formation of the Soviet Union and Communist China. So foreign investors are now welcome to the USSRA (the United Socialist State Republic of America) where they can earn fat spreads relative to Treasuries on agency debt and never face any credit risks (not even the subordinated debt holders who made a fortune yesterday as those claims were also made whole).

...

http://www.rgemonitor.com/roubini-mo...lic_of_america