financial crisis

Obama bin Ltd: Doctor National and Mister Transnational

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In a permanent state of exception the Earth is to be a garden as a rule

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Assuming that there is a global crisis – financial, climate change and starvation – and assuming that something could be done about it – what would it be? The initial reaction has been to push for more of the same – more debts to be created in order to keep economic power in the same hands. Maybe a few policy changes to avoid too extreme corruption and self-aggrandisement, removal of some draconian measures, but that’s about it. Spend more, that is way to go. It sounds so simple and in a sense it is: wiping the rich people’s slates clean so that they can lend more money for the poor to spend. If it makes you think of spiralling further down into an abyss we’re on the same wave length.

In order, then, to get the American people to spend more money that they don’t have – the total outstanding credit card debt carried by Americans reached a record $951 billion in 2008, constituting a next level in the financial collapse of a system based on ever-increasing debt – president Obama is suggesting “a $410bn (£290bn) spending bill due to be voted on this week“. Part of this bill seeks to lift some of the extreme anti-Cuban legislation that was introduced during the administration of Bush the Second.

There is no doubt about it, Obama – the man in the White House – gives good speeches, but even an old World Banker takes note of the fact that Obama’s grand plan to save the world and “the hardest working people on Earth” (he says it as if it a good thing??) from their predicaments is insubstantial (These videos gives you an insight from the inside – if you really want to know about all the little sheenanigans of a failed system or just want to see the Emperor of the Free World sit before you in his shiny new clothes. Characteristic of times of crisis he looks and sounds like a rhetorical stooge with a nationalistic appeal “the greatest force of progress and prosperity [and climate change?!]”)

Anyway, the Cuban news is a tangent that invites viewing the world from a Latin American perspective.

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