THOUGHT FOR THE DAY!

"The Guatemalan revolution is entering its third decade. Ever since the government of Jacobo Arbenz was overthrown in 1954, the majority of the Guatemalan people have been seeking a way to move the country towards solving the same problems which were present then and have only worsened over time. The counterrevolution, put in motion by the U.S. Government and those domestic sectors committed to retaining every single one of their privileges, dispersed and disorganized the popular and democratic forces. However, it did not resolve any of the problems which had first given rise to demands for economic, social and political change. These demands have been raised again and again in the last quarter century, by any means that seemed appropriate at the time, and have received each time the same repressive response as in 1954." -- Statement by the Guatemalan Army of the Poor, 1981

 

Russia wins backing from China

RUSSIA today won support from China and Central Asian states in its standoff with the West over the Georgia conflict as the European Union said it was weighing sanctions against Moscow.

Comments

Y'all is in trouble in thu US

chillyphantom

If China chose to, they could sink the US without firing a single shot.

All they'd have to do is stop shipments of manufactured goods to the US and most major stores would go under because of a serious lack of products to sell. After all, a significant percentage of what you buy in the US is now made (cheaper) in China.

In addition, if China decided to dump the 1.2 trillion US dollars that it holds, there would be a major impact to the already struggling US economy.

Chilly

above average Joe

I would bet on the first scenario you have. I ask myself who would be dumb enough knowing the direction of the almighty dollar lately would take dollars for anything? I was dumb enough to pay to watch the IOUSA movie and then watched the live thing with who's who of wall street, Warren Buffet, the X comptroller of the USA, and I don't remember the last one. The point that stuck out most was something WB said we can grow our economy out of this mess. Now I am not anything close to an economist but if you lose most of your manufacturing and all you do is ship dollars out of your country and goods in what do you end up with NO dollars. So what then? Well lately the fed has been printing more dollars, a lot more. This I would have to say is the grand Ponsy scam because we all know what more money does to the money already in circulation. Don't get sucked into the they did it shit either, because they are all sole less when it come to you and I. We The People bring value to the dollar not the banks.

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