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The
International Writers Magazine: Opinion
Dollar
Sinks
Dean Borok
The new managing
director of the International Monetary Fund, Dominique Strauss-Kahn
of France, reiterated that bodys opinion that the dollar is
still overvalued. His opinion is echoed by supermodel Giselle
Bündschen, who insists on being paid in euros, and super billionaire
Warren Buffett, who advises seeking refuge in non-dollar currencies.
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Taken together the
future prospects for the American economy do not present an encouraging
perspective. Stan ONeill, the chairman of Merrill Lynch, was
let go with a severance package of $150 million after losing $10 billion
for the firm. Chuck Prince has been let go from Citigroup with a
comparable package after that bank suffered comparable losses.
Critics are castigating Yankees third baseman Alex Rodriguez for seeking
a long-term contract in the neighborhood of $350 million, but he at least
gives value for his money, unlike the aforementioned bozos, who cant
hit homeruns or field ground balls. They are so lazy and ignorant
that they couldnt even do a capable job of evaluating the real value
of the billions of dollars of worthless securities their banks bought.
$350 million sounds like a lot of dough now, but it wont seem like
so much in a couple of years time, when a bottle of beer costs $10,000.
In Colombia an iPod costs two million pesos and nobody thinks twice about
it. When worst-case scenarios have been presented in past years,
I always brushed them off, saying, Nah, itll never come to
that. But after George Bush, where reality has surpassed any
worst-case scenario that could ever be imagined, I have come to accept
that the worst can indeed happen.
Even the reactionary elements know a political earthquake is coming with
next years elections, but they behave as though its due to
some irrationality on the part of the electorate. Fox News
Channel, The New York Sun and the rest are discussing what they
concede to be an inevitable Clinton presidency with a tone of incredulity.
They are deploring the trend of economic populism and soak
the rich class warfare, as they see it.
Even a monkey has the sense to connect the disparate elements of a situation
in order to form a conclusion. If you present an ape with a banana
suspended from a string and a box, he will push the box over and stand
on it in order to reach the banana. The American press is not capable
of following this kind of logical progression. Indeed, they were
hired for their stupidity. The Mayan religion teaches that when
the sun god made the first men out of corn they saw too clearly, so he
destroyed them because he didnt want his creations to have powers
of observation equivalent to his own. There is a world of truth
in that fable and it explains the dolts who are pre-digesting our news
and opinions in accordance with the wishes of their masters, whose goal
is to retain their position of dominance. Whats going on in
this country is not terribly difficult to explain, but they dont
want you to know, so they intentionally confuse you with disinformation
and useless nonsense, telling you that the Canadian medical system stinks
(yeah, for the insurance companies), or how the Swedish economy is inferior
to that of Mississippi. Pleeeeze!
Giselle
wishing you luck with your dollars. This is a girl who knows her
euros...
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The
reason I seized the opportunity to write Internet articles is that
I suffered a lifetime of having these idiotic opinions jammed my
throat and no opportunity to fight back. What was I going
to do, write them a letter? Ohhh surrre!
Dear New York Times, you are a bunch of butt-kissing,
middle-brow conformists. Why dont you tell the truth
once in a while? Judith Miller is nothing but a shill for
the Bush administration. Thomas Friedman is a hick writing
garbled nonsense. I dare you to print this!
Good luck! |
All right, so I have
an agenda that is to present a point of view at least as informed as theirs
and let the reader decide.
Lets examine the facts. By whatever measure you choose to
employ, George W. Bush, who became president by means of a coup détat,
has been an unmitigated disaster. All he has ever cared about was
consolidating wealth and power in the hands of his friends. Even
his unbelievably bellicose approach to the Middle East makes sense in
that it has caused oil to rocket from $20/barrel under Clinton to its
current price of just under $100/barrel, with the difference going into
the pockets of his friends in the petroleum industry.
His destructive fiscal and monetary policies have destroyed the dollar.
Whatever ambitions Hillary Clinton had to institute appropriate social
programs to bring the US into line with the rest of the industrialized
world, she will be forced to preside over an era of austerity that will
last for many years, just to restore confidence in the American economy.
The dollar is so blown out at this point that it might be easier to get
rid of it completely and establish a new system of currency.
The Democrats are content to let the Iraq war drag on until Election Day.
They can say, Hey, we tried, but Bush refuses to budge. Let
the electorate decide! In the meantime Bush is pushing for
a missile defense program costing in the hundreds of billions of (worthless)
dollars to protect us from Iran!?
The problem with the Democrats is that they are so tedious and incompetent
that after a few years of watching these idiots mess up the Republicans
start to seem fresh and exciting by comparison.
But if there is one issue that terrifies Hillary Clinton, it is anything
to do with cars and licenses. The only time Bill Clinton ever lost
an election was when he got thrown out as governor of Arkansas for raising
license plate fees. It took him years of crawling on his knees and
apologizing, all because he raised license plate fees by a couple of bucks.
Americans are a bunch of weirdos when it comes to their automobiles, and
if you put together the combination of drivers licenses and Mexicans
its Welcome To My Nightmare! She tried to dodge the issue
but the press and the other Democratic candidates are holding her feet
to the fire, knowing that the mess of undocumented Mexican workers driving
cars has no solution. Shell stall, hoping that the issue blows
over, but I would like to take a baseball bat to New York governor Eliot
Spitzer, who decided to raise it as an issue right before a presidential
election.
Let Spitzer eat shit! Let him withdraw the proposal to grant drivers
licenses to undocumented immigrants and cop a plea that he made a mistake.
Fuck him, throw him to the wolves. This country cant stand
any more Republican misrule, and the overriding issue is to get the Clintons
back in power so they can get the economy on life support, or all is lost.
© Dean Borok November 8th 2007
deanyorkave@yahoo.com
New
York City Report
Dean Borok
OK,
I killed myself after the Yankees lost last night, and now Ive come
back from the dead and I feel better. No use crying over spilt milk,
but it drives me nuts to give so much satisfaction to the Yankees haters
who inhabit bridge and tunnel-land.
Flying
Bankers
Dean Borok
The
Coney Island Cyclone roller coaster ride may be closed for the season
but dont worry, your bank account is getting ready for the ride
of its life
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