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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (462535)	3/10/2009 11:45:32 AM
From: tejek	Read Replies (1) \| Respond to of 1577908

People need to be scared. We don't know what to do with our banks. Some are insolvent. Others are so mired in toxic assets its unclear what their capital needs are. People don't need to be scared. The banks that made bad decisions just need to fail. No they don't......you talking Shelby's book who hasn't had a good idea in a decade. Yes, the small ones can fail and be bought up by the bigger, more stabile ones but we can't let the money center banks fail because we don't know the ramifications. That's what has people worried....not the podunk bank of Arkansas but the current status of a Citi bank or a BAC. Why do you think the dow is up 250 pts......Citi said it had a profitable two months. Its Citi that has everyone worried and you can't just close down Citi and break it up like you can the truckstop bank of Spokane. We've done everything possible to stop it. They'll either dry up and blow away or they'll come back stronger. The reason we have gov't is so that we don't have to throw caution to the wind.......and let whatever sh*t happens happen. Do you understand?!

To: i-node who wrote (462535)	3/10/2009 12:22:58 PM
From: Taro	Read Replies (2) \| Respond to of 1577908

The article below was edited and 'cleaned up' by Huffington Post. The following was thus totally removed from Panarin's speech (here in Swedish): '– Den amerikanska befolkningen tror att den nya presidenten kan utföra mirakel. Men i vår kommer de att inse att inga mirakel kommer, sade han runt nyår.' Translated by me: ' - The American population believes that the new president can perform miracles. By pring time, however, they'll all understand that no miracles are coming, he said.' Read Huffington's summary below, bad enough. Taro Igor Panarin: U.S. Will Collapse By Next Year Compare other versions » Compare 04:39 AM EST03:13 AM EST and 04:39 AM EST03:13 AM EST versions Dean of the Russian Foreign Ministry diplomatic academy seen, during his lecture at the Russian Foreign Ministry's Diplomatic Academy, Moscow, Tuesday, March 3, 2009. "If Igor Panarin is right, then President Barack Obama will order martial law in the coming year, the United States will disintegrate into six runt-states before 2011, and Russia and China will come to be the backbones of a new world order. Panarin said he had been predicting the demise of the world's wealthiest country for more than a decade now. — If you're inclined to believe Igor Panarin, and the Kremlin wouldn't mind if you did, then President Barack Obama will order martial law this year, the U.S. will split into six rump-states before 2011, and Russia and China will become the backbones of a new world order. Panarin might be easy to ignore but for the fact that he is a dean at the Foreign Ministry's school for future diplomats and a regular on Russia's state-guided TV channels. And his predictions fit into the anti-American story line of the Kremlin leadership. "There is a high probability that the collapse of the United States will occur by 2010," Panarin told dozens of students, professors and diplomats Tuesday at the Diplomatic Academy _ a lecture the ministry pointedly invited The Associated Press and other foreign media to attend. The prediction from Panarin, a former spokesman for Russia's Federal Space Agency and reportedly an ex-KGB analyst, meshes with the negative view of the U.S. that has been flowing from the Kremlin in recent years, in particular from Vladimir Putin. Putin, the former president who is now prime minister, has likened the United States to Nazi Germany's Third Reich and blames Washington for the global financial crisis that has pounded the Russian economy. Panarin didn't give many specifics on what underlies his analysis, mostly citing newspapers, magazines and other open sources. He also noted he had been predicting the demise of the world's wealthiest country for more than a decade now. But he said the recent economic turmoil in the U.S. and other "social and cultural phenomena" led him to nail down a specific timeframe for "The End" _ when the United States will break up into six autonomous regions and Alaska will revert to Russian control. Panarin argued that Americans are in moral decline, saying their great psychological stress is evident from school shootings, the size of the prison population and the number of gay men. Turning to economic woes, he cited the slide in major stock indexes, the decline in U.S. gross domestic product and Washington's bailout of banking giant Citigroup as evidence that American dominance of global markets has collapsed. "I was there recently and things are far from good," he said. "What's happened is the collapse of the American dream." Panarin insisted he didn't wish for a U.S. collapse, but he predicted Russia and China would emerge from the economic turmoil stronger and said the two nations should work together, even to create a new currency to replace the U.S. dollar. Asked for comment on how the Foreign Ministry views Panarin's theories, a spokesman said all questions had to be submitted in writing and no answers were likely before Wednesday. It wasn't clear how persuasive the 20-minute lecture was. One instructor asked Panarin whether his predictions more accurately describe Russia, which is undergoing its worst economic crisis in a decade as well as a demographic collapse that has led some scholars to predict the country's demise. Panarin dismissed that idea: "The collapse of Russia will not occur." But Alexei Malashenko, a scholar-in-residence at the Carnegie Moscow Center who did not attend the lecture, sided with the skeptical instructor, saying Russia is the country that is on the verge of disintegration. "I can't imagine at all how the United States could ever fall apart," Malashenko told the AP.