America, Oh, America, what are you up to. A few months back I watched a video by a famous Indian Economist, M.R Vanketesh. I was amazed by the simplicity of the video and yet the accuracy of his lecture. He spoke about the world being blinded by America's behaviour and currency. To the non-indians, his jargon may a bit too harsh, but listen clearly and you may laugh several times. The 56 odd minute video called 'Global Imbalance' is set in some part of India and in true fashion you can hear cars and busses horning in the background.
Watching the video and I realise that the shit has hit the fan and that corporate and greedy bastards have screwed the world over with their actions. Now what can Obama do? Being in power for few months now, Obama has got himself stuck in a hole. Usually when that happens, a rope is thrown in so that he can climb out. But this time, there is no rope and he has got to find a a way out himself.
I adore that man and his speeches, I think America is an amazing country but their actoins have gone to far this time. They go on to clean Iraq's mess, indirectly beg China to keep buying T-bills and tell others not to do this and that, but they have forgotten about their own mess. America has long been holding the world by its crotch and we have allowed this to happen !!
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The pre-requsite of a superpower is to have an influence in the other's backyard, which is what the U.S have done for ages. Sure it's going to build pressure on themselves, but this is the worlds largest economy we're talking about.
ReplyDeleteThey clean our shit, we all help them clean theirs. Simple as that.
We all know the world cannot afford a collapse of the U.S.A, and its a good thing it was U.S.A holding us by the crotch. Who else is better suited to hold our crotch? China? Russia? Germany?
History has taught us that at any one given era, there needs to be at least one crotch holder.
Anyways, to get in point, GM will/should go down. Vikram Pandit and ChittyBank need to go down. AIG should go down. All under government supervision. Get rid of the shit stirrers.
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