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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Kip518 who wrote (67706)	11/26/2004 4:13:36 PM
From: Oeconomicus	Respond to of 89467

"Donald Gutstein is a senior lecturer in the School of Communication at Simon Fraser University. He was co-director of Project Censored Canada and NewsWatch Canada and is currently working on a book about corporate propaganda." Donald Gutstein is a senior worrier in the Society of Angry Paranoid Socialists or SAPS for short. Have you read this guy's other writing? He's seriously paranoid about ANYONE with money who has ideas different from his own - or perhaps more precisely, just people with money (perhaps because they MIGHT have ideas different from his own, but more likely just because they have money and are, therefore, corrupt exploiters of everyone else). He once worried that the AOL/Time Warner merger meant the end of free expression in Canada and wrote a whole book on how the internet undermines democracy, worrying that "Only one in a hundred people in Africa have ever used a telephone and the phone has been around for a hundred years... The Internet is like that. It will only go where corporate interests want it to go." He wrote a similar paranoid rant about a think tank in his back yard (Vancouver), the Fraser Institute, trying to paint it as a corrupt tool of big evil corporations and a threat to society. Fraser's crime? Promoting economic freedom and market-based solutions to policy issues. Oh, and he probably really hates them selling Adam Smith t-shirts to raise money. Damn capitalist tools! But he probably makes a nice buck selling his paranoid delusions to all the other SAPS.

To: Kip518 who wrote (67706)	12/2/2004 12:19:44 PM
From: stockman_scott	Read Replies (2) \| Respond to of 89467

Pulling the plug on US debt iht.com <<...To Andy Xie, chief Asia economist at Morgan Stanley, allowing the dollar to slide is "simply another way to get foreigners to subsidize U.S. spending" so that Americans can continue living far beyond their means. . "Asia can fight back," Xie says. "The U.S. uses its superpower status and the advantage of the dollar as the currency for trade pricing and central bank reserves to get foreigners to fund its outsized spending habit. Without a market signal, this U.S. shopping addiction won't stop." . Xie thinks that even if Asian central banks sell Treasuries now and keep the dollars only in cash form, U.S. bond yields could rise 1.5 percentage points. The 30-year bond currently yields 4.83 percent. . "That higher bond yield would stop the merry-go-round among the Federal Reserve, the hedge funds, the Asian central banks and the U.S. consumer," Xie says. "With higher bond yields bringing down U.S. consumption, the global imbalance would heal."...>>