The U.S. is in a period now not unlike Europe in the 1930s. The Pound was the reserve currency and in Germany they had a bank bailout that angered the masses due to the self dealing involved. Europe and more specifically Germany was dependent on a foreign creditor. At that time it was U.S. that was the creditor nation, today for America it’s China.

The end result was the rise of Facism. This weeks’ ruling by the Supreme Court now makes that possible in the U.S.. For if corporations can fund campaigns without limitations fascism, which is corporatism by another name, can emerge from the shadows. Be afraid, be very afraid.

- J. Edward

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Posted: 01|24|10 at 7:55 pm. Filed under: Economy. Pinging is currently disabled.