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marmar Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-18-08 11:28 AM
Original message
Washington Post: This could be the beginning of the end for the world's last superpower
The Old Titans All Collapsed. Is the U.S. Next?

By Kevin Phillips
Sunday, May 18, 2008; Page B03

Back in August, during the panic over mortgages, Alan Greenspan offered reassurance to an anxious public. The current turmoil, the former Federal Reserve Board chairman said, strongly resembled brief financial scares such as the Russian debt crisis of 1998 or the U.S. stock market crash of 1987. Not to worry.

But in the background, one could hear the groans and feel the tremors as larger political and economic tectonic plates collided. Nine months later, Greenspan's soothing analogies no longer wash. The U.S. economy faces unprecedented debt levels, soaring commodity prices and sliding home prices, to say nothing of a weak dollar. Despite the recent stabilization of the economy, some economists fear that the world will soon face the greatest financial crisis since the 1930s.

That analogy is hardly a perfect fit; there's almost no chance of another sequence like the Great Depression, where the stock market dove 80 percent, joblessness reached 25 percent, and the Great Plains became a dustbowl that forced hundreds of thousands of "Okies" to flee to California. But Americans should worry that the current unrest betokens the sort of global upheaval that upended previous leading world economic powers, most notably Britain.

More than 80 percent of Americans now say that we are on the wrong track, but many if not most still believe that the history of other nations is irrelevant -- that the United States is unique, chosen by God. So did all the previous world economic powers: Rome, Spain, the Netherlands (in the maritime glory days of the 17th century, when New York was New Amsterdam) and 19th-century Britain. Their early strength was also their later weakness, not unlike the United States since the 1980s.

There is a considerable literature on these earlier illusions and declines. Reading it, one can argue that imperial Spain, maritime Holland and industrial Britain shared a half-dozen vulnerabilities as they peaked and declined: a sense of things no longer being on the right track, intolerant or missionary religion, military or imperial overreach, economic polarization, the rise of finance (displacing industry) and excessive debt. So too for today's United States. .....(more)

The complete piece is at: http://www.washingtonpost.com/wp-dyn/content/article/2008/05/16/AR2008051603461.html




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MH1 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-18-08 11:32 AM
Response to Original message
1. The beginning of the end was December 12, 2000.
Too bad so few people realized it at the time.
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dysfunctional press Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-18-08 12:12 PM
Response to Reply #1
11. actually, january 21 1981 would be much more precise as a starting point for our end times.
ronnie laid the foundation.
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Virginia Dare Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-19-08 10:00 AM
Response to Reply #11
28. Jimmy Carter was truthful with Americans as to the situation..
with oil and Middle East unrest. He understood the cataclysm we were heading for.

He told us that the only way to break the cycle was to stop consuming so much oil.

Big oil interests (of which the Bush family was a major player) made sure the message got squashed.
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Uncle Joe Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-18-08 01:22 PM
Response to Reply #1
16. I agree, that was the date of the actual coup, and while I agree with
Edited on Sun May-18-08 01:22 PM by Uncle Joe
QuestionAll that Reagen did build the foundation, at least he was elected and Cheney/Bush built the sewage plant and now our government stinks to high heaven.
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ray of light Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-18-08 02:59 PM
Response to Reply #1
21. You're right! When the coup happened.. And maybe earlier--the staged impeachment
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ananda Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-18-08 11:32 AM
Response to Original message
2. The USA has definitely slipped in power and influence. But..
.. I would never say that we are the
"last" superpower. That is both ignorance
and arrogance supreme.

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marmar Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-18-08 11:36 AM
Response to Reply #2
4. I agree with that.....Even when Americans tell the truth, the hubris comes out.
n/t

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eridani Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-18-08 11:53 AM
Response to Reply #2
7. I'd say that peak oil would not allow the rise of an equivalent n/t
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ljm2002 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-18-08 12:23 PM
Response to Reply #2
13. Substitute "latest"...
...for "last".

In fact, definition #2 for the word "last" at http://dictionary.reference.com :

most recent; next before the present; latest
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liberal N proud Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-18-08 11:33 AM
Response to Original message
3. When Russia went broke
We didn't stop spending on the military.
Now we are fighting in the same place credited with breaking them.
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jwirr Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-18-08 11:43 AM
Response to Original message
5. If the credit card empire follows down the same road all hell is going to break loose. nt
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Joe Bacon Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-18-08 11:52 AM
Response to Original message
6. America peaked in 1973
We've been going downhill since the first oil embargo in October 1973.
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leveymg Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-18-08 12:05 PM
Response to Reply #6
10. Ding, ding, ding! Hand that man a cigar!
1973. For an oil-based economy, the doubling of prices following the Yom Kippur war definitely marked the peak and downward decline of American power around the world. It's never been the same since the nationalization of Saudi oil fields, and the establishment of the OPEC producers cartel.

None of this would have happened exactly as it did had not Richard Nixon paralized the U.S. Government by trying to take total power for himself, which led to a revolt by the military and intelligence services, and his forced removal from office. While all this was tieing up Washington, others saw their chance and rewrote history.

The Roman Republic also fell amidst civil wars and ill-advised foreign wars,
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Joe Bacon Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-19-08 07:33 AM
Response to Reply #10
24. in 1973, One income was enough to provide, unlike 2000!
In 1973, my Dad made enough working in the mill to provide for us. Mom didn't have to work, Dad bought the house, bought a car and provided for five kids and he had adequate health insurance. If you were lucky enough to work 35 years in the mills, you were set for life. My college education at Pitt cost $1,000 for room and board per trimester.

Not anymore.

By 2000, houses and cars are priced out of the market for me. the 1970 1/2 AMC Gremlin that was 1,970.50 in 1970 costs now $20,000 for a compatible import. Houses require a minimum of 2 incomes and college education for the kids? Fugggeeedddaboutit!

And the mill jobs, hey they're gone for good thanks to Reagan, Clinton, and SHAFTA!
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BigDaddy44 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-19-08 07:50 AM
Response to Reply #24
25. A point of clarification
Black Monday in the mills happened in September 1977. THAT'S when the American steel mills started to collapse. Blaming either on Clinton or Reagan is a bit disingenuous.
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Joe Bacon Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-19-08 01:24 PM
Response to Reply #25
30. I forgot all about that Exprimental Negotiating Agreement!
I forgot how IW Abel sold the unions right to strike out! Sorry!
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FarCenter Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-18-08 12:23 PM
Response to Reply #6
14. The end of the dot.com boom in 2000 marks the beginning of the decline
Edited on Sun May-18-08 12:26 PM by FarCenter
The overinvestment in communications, computing, and web-related "businesses" is parallel with the overinvestment in railroads and shipping that collapsed at the beginning of the Great Depression of 1873-1896. In the US, this was the Panic of 1873 and short lived. But the great Superpower of the day was Great Britain, and she never recovered economic pre-eminence after 1873. Great Britain's agriculture was not competitive with grain from the United States, the Ukraine, etc, nor with meat imported from the US, Argentina, Australia, etc. Her manufactures became less competitive with the US and with low-cost producers in Europe, especially newly unified Germany. Commerce became restricted to the British Empire, and the need to capture markets through political and military means increased her reliance on colonial adventures like the Boer War.

If things go true to form, the US will be in constant economic malaise until about 2020, and the next series of global all-out wars will begin around 2040.

I'd put the previous superpowers as France prior to the Revolution and Napoleonic wars, the Hapsburg Empire prior to the Thirty Years war, Spain prior to the wars of the reformation. Holland was a great trading and maritime power, but not of the same stature.
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Murtagh Donating Member (4 posts) Send PM | Profile | Ignore Sun May-18-08 11:55 AM
Response to Original message
8. Op Ed: International Paul Reveres Ride Again at Second Annual Meeting:
International Paul Reveres Ride Again at Second Annual
Meeting:

Whistleblowers, From Revere, to Lincoln to Semmelweis, Inspire
Modern Truth Tellers
By James J. Murtagh, M.D.
 
(Dr. Murtagh is co-chair of International Association of
Whistleblowers IAW.)

And a word that shall echo forevermore!
In the hour of darkness and peril and need,
The people will waken and listen to hear
The hurrying hoof-beats of that steed,
And the midnight message of Paul Revere.

                 The second annual meeting of whistleblowers
was held in Washington DC. May 11- 18, 2008. Inspired by Paul
Revere and other world leaders, the group declared
truth-telling as patriotic today as Revere's midnight ride to
Concord. Abraham Lincoln enacted the first whistleblower laws
during the civil war, and Martin Luther King's dream inspired
civil rights whistleblowers. “The really great leaders of the
world were great whistleblowers,” noted Mike McCray, Esq., the
co-chair of the event. "They spoke truth to power."
 	Whistleblower Lobbying Week alerted the countryside to grave
dangers threatening the world, including a broad spectrum of
government and private employers - health, environment,
national security, civil rights, veterans, and more - have all
banded together in a single meeting. The program was initiated
and organized by the whistleblowers themselves. They were
joined by more than 40 eminent public interest organizations.
Hundreds of citizens took part.
                 Activities included congressional forums and
tribunals, and an award ceremony for Ernest Fitzgerald, father
of modern whistleblowing.  Senator Charles Grassley, champion
of the modern Lincoln whistleblower protection laws, described
the fight against waste, fraud and corruption in government.
The award, like the conference, is completely bipartisan and
has been endorsed by both blue-chip conservatives and
liberals:

o	James Holzrichter and Dr. Janet Chandler, named 
"whistleblowers of the year" by Taxpayers against
Fraud (TAF), announced innovative mentoring programs. Mr.
Holzrichter received the "Profile in courage" award,
in recognition of his contributions and devotion, and his 17
year legal fight against corrupt defense contracting.
o	Distinguished attorney and judicial activist Zena Crenshaw
also received a “Profile in Courage Award” and presented a
day-long program underscoring the need for integrity and
accountability in courts of law.
o	Famed TAF attorney of the year Mike Behn gave a keynote
address describing his national fight against defense and
pharmaceutical fraud. General Charles Henry, retired
high-ranking pentagon procurement officer, introduced Mr.
Behn.
o	Dr. Janet Chandler, a Supreme Court victor, was represented
by Senator Barack Obama before he entered the presidential
race. All presidential candidates were urged to follow the
historic tradition of Lincoln, and to pledge to protect
truth-tellers.
o	Religious leaders, including Rev. Walter E. Fauntroy,
stressed the role of speaking the truth and the role of faith
based initiatives in America's civil rights heritage, invoking
the legacy of Mahatma Gandhi.
o	Physicians Dr. Patrick Campbell, and Dr. Lokesh B. Vuyyuru
urged protection from unscrupulous HMOs like Tenet and HCA who
put profit before patients. Dr. Campbell revealed that Tenet
performed thousands of unneeded heart surgeries in Redding
California to bilk the federal government of tens of millions
of dollars.
o	Chief Deputy Marshal Matthew Fogg (INA) and President of
CARCLE, announced:  "We must be united as never before.
Whistleblower unity is the key to our success with Congress,
with the media, and the public."
o	John Schilling, a co-winner in the largest fraud case in US
history, the $1.7 Billion dollar Health Corporation of America
(HCA) case, introduced his new book. Mr. Schilling was joined
by many of the other most successful winners in urging an end
to fraud against patients.
o	Mr. Tom Devine, legal director of the Government
Accountability Project, held an in depth Congressional legal
briefing, and together with top public interest groups, gave
special awards to Congressional leaders and staffers who
oppose fraud and support whistleblowers.
o	The group honored their advisors, including Jeffrey Wigand
(aka “the Insider”) and Coleen Rowley. Ms. Rowley was named as
one of Time Magazine's Person's of the Year.

 	Whistleblowinig doctors have international impact. Hungarian
Dr. Ignaz Semmelweis transformed world health in the 1800s by
introducing simple handwashing. In honor of Dr. Semmelweis, 
“Clean Hands” awards were given to outstanding whistleblowers
and journalists. Sunshine and soap are the best cures for the
infected body politic.
                   Featured speakers came from India, Japan,
Mexico and the U.N. This band of whistleblowers stood united
to oppose hazardous, illegal and unsafe conditions, waste,
fraud and abuse. They unite in order to maintain an open
society, and to protect the rights of international citizens
to speak without reprisal on matters threatening the general
welfare and defense of the global village.
 	The spirits of Revere, Lincoln, Martin Luther King, Mahatma
Gandhi and Ignaz Semmelweis were alive at this expanding
annual event.


The joint task force of International Association of
Whistleblowers (IAW) urges you to write your congressman, your
senator, the media, and your friends to support the goal of a
safer, freer America and better world.

James J. Murtagh Jr.
Atlanta GA 30329

http://www.internationalassociationofwhistleblowers.net/
http://www.opednews.com/articles/genera_internat_080508_whistleblowers_annou.htm
http://makeitsafecampaign.org/index.php?option=com_frontpage&Itemid=1
http://www.bizjournals.com/atlanta/prnewswire/press_releases/Georgia/2008/05/14/DC22457
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area51 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-19-08 10:28 AM
Response to Reply #8
29. Welcome to DU, Murtagh. (n/t)
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gateley Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-18-08 11:56 AM
Response to Original message
9. K&R nt
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theoldman Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-18-08 12:17 PM
Response to Original message
12. There will always be another superpower.
China may be the next and there will be another one in a hundred years or so. In my opinion Great Britain was the largest superpower because they controlled so much of the world.
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tularetom Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-18-08 12:50 PM
Response to Original message
15. Within ten years they'll be scraping ronnie's name off all the
roads, bridges, city halls, public buildings, airports and shithouses they fell all over themselves to put it on a few years ago.

Nobody will admit that they ever voted for the senile ol bastard.
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judasdisney Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-18-08 11:47 PM
Response to Reply #15
23. Within ten years after Democrats have taken the blame for Bush's mess
the unwashed masses will support a Republican strongman and a genuine military coup "to save us" and Ronnie's name will be on the memorial mass-graves of rounded-up "dissidents"
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seemslikeadream Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-18-08 01:23 PM
Response to Original message
17. HELLO WP where have you been?
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MiniMe Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-18-08 02:20 PM
Response to Original message
18. All empires fall at some point
And thats the problem. Boosh has tried to turn the US into an Empire instead of the benevolent superpower.
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FarCenter Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-18-08 02:35 PM
Response to Reply #18
19. The drive towards Empire began under Bush I and continued under Clinton
Bush II was simply a continuation of the same imperial policies.
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SoCalDem Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-18-08 02:56 PM
Response to Original message
20. The advent of EVERYONE getting credit cards foretold a collapse
Edited on Sun May-18-08 02:58 PM by SoCalDem
Reagan's abandonment of regulations meant that people would be earning less money than they needed, to maintain their lifestyles..EZ-CREDIT for EVERYONE was the "solution"..

the problem?

It does NOT work long-term. It disguises the fact that you have no money..

If junior wants $120 sneakers and you have no money, you can still get them if you have a credit card..One card not enough? get more cards.. Card issuers made enough money from the fees & interest, so if some people defaulted they were ok with that..

as long as people could keep paying the payments, they could keep using the cards..

the unreality of it all led those same people to think they could actually buy a house with nothing down,interest-only payments, and then extract an ever-increasing equity from their "loaner-house", to pay down the credit cards, so they could keep on spending..

It was all a gigantic ponzi scheme to keep people "feeling ok" about their finances, while covering the fact that their INCOMES had not kept up with their costs..

If people had actually had to shell out CASH for all the crap they have been buying for 2-3 decades, we would have noticed much sooner, that our economy has been pretty bad for a pretty long time..

Every fall, we gave our kids each $500 for school clothes..CASH..and told them THEY had to choose, because that was ALL they were going to get (unless they outgrew stuff)..One went to Robinsons & got the most "fashionable stuff" and blew his money pretty fast and got very little, one decided to save most of it and only get the basics (our preppie), the other scoured sales shopped at Marshall's & Ross & had a pretty nifty wardrobe..(in fact his friends sort of made him their personal shopping assistant)

cash makes you smart..EZ-credit makes you stupid
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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-18-08 04:02 PM
Response to Original message
22. If you follow the great fortunes, you'll find they live through the
generations, & they're international.

The European nobility - intermarried, all related.

The US & Brit ruling classes: ditto.

Some drop down, some rise up, but the same families have been running the show for a very long time.

When wages in one place get too high or the natives get restless: a nice credit crunch can be arranged, a war, a wave of immigration, a "feminist revolution,"....

Follow the money. Who paid for the Chinese boom?

European, Japanese & US capital.

"You're only a pawn in their game".
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JohnyCanuck Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-19-08 08:45 AM
Response to Reply #22
26. Following the great fortunes
If you follow the great fortunes, you'll find they live through the

generations, & they're international.

The European nobility - intermarried, all related.

The US & Brit ruling classes: ditto.

Some drop down, some rise up, but the same families have been running the show for a very long time.


Sounds like you are talking about the same type of stuff as covered in the video "The Money Masters."


The powers of financial capitalism had a far-reaching plan, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole...Their secret is that they have annexed from governments, monarchies, and republics the power to create the world's money..."
- Prof. Carroll Quigley, renowned, late Georgetown macro-historian (mentioned by former President Clinton in his first nomination acceptance speech), author of Tragedy & Hope: A History of the World in Our Time

http://www.themoneymasters.com


Watch it on line here (3hr 35min):
http://www.heyokamagazine.com/HEYOKA.12.%20MoneyMasters.htm




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Virginia Dare Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-19-08 09:58 AM
Response to Reply #22
27. These were the same people who financed the New World..
for the reasons you site, overpopulation and "natives getting restless" in Europe.

Nixon got the credit, but once again, who was largely behind opening China up to the U.S.? Poppy Bush of course. Oh, and his good friend the Reverend Moon.

http://www.highbeam.com/doc/1P2-1226613.html

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taught_me_patience Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-19-08 01:50 PM
Response to Original message
31. We are not on the brink of collapse
The U.S. will still be a superpower long after all of us are dead. I'm sick of these alarmist articles that over-simplify history.
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