Broke Beyond Belief

How much money is $700 billion dollars? 7,000,000,000. Didn't Obama just say we've already spent a trillion in Iraq the other night when he squared off with McSame down in Mississippi? $1,000,000,000,000.

That's only three-hundred billion more than this current emergency bail out plan is asking for as a temporary stop gap measure to the 'mortgage crisis'. Hard to know what to watch these days, who to listen to or what to read as none of it seems to make any sense.

Naomi Klein's scholarly and passionate recap of the last half of the 20th century's geo-economic and political reality - 'The Shock Doctrine, The Rise of Disaster Capitalism' - is a pretty damn good place to start.

Paul B. Farrell of the Dow Jones Business News sums up Namoi's monumental work best. "To more fully grasp this new economy, you must read what may be the most important book on economics in the twenty-first century... because it reveals in one place the confluence of cultural forces, the restructuring of a world economy as growing populations fight over depleting natural resources, and the drifting away of America from representative democracy to a government controlled by multiple, competing, well-financed, and shadowy special interests."

Without going into a full-blown, late-night diatribe on her analysis of Milton Friedman and his Chicago School of economics, starting in Chile in 1973 and leading up to Iraq in 2003, the most 'shocking' and shamelessly appalling aspect of her book this far, is the role that the United Sates has played in its perverted quest for 'global freedom and democracy' [read, expanding markets and increased profits] over the past 30 years.

"The brutal regimes that implemented Chicago School ideas in the seventies understood that, for their idealized new nations to be born in Chile, Argentina, Uruguay and Brazil, whole categories of people and their cultures would need to be pulled up 'from the root.'... But the Latin American juntas did not act alone: they were propped up before and after their coups by Washington, as has been amply documented. For instance, in 1976, the year of Argentina's coup, when thousands of young activists were snatched from their homes, the junta had full financial support from Washington. That year, Gerald Ford was president, Dick Cheney was his chief of staff, Donald Rumsfeld was his sectary of defense, and Kissinger's executive assistant [Kissinger was Secretary of State] was an ambitious young man named Paul Bremer." [Bremer was Washington's 'top envoy' to Iraq in 2003].

Hey wait a minute... didn't McCain mention that he's been friends with Kissinger for some thirty-five years?! Talk about Crony Capitalism!!!

Argentina's economy still suffers to this day, but now is our turn for some major shock therapy, just like the doctor has been ordering for the rest of the world for the last thirty years. But who is actually gonna bare the brunt of this behemoth bailout? And who is really gonna pay for it? Stay tuned... Part Two coming on April 15, 2009.