The utter hopelessness of the situation in Iraq seems completely
mirrored by the utter hopelessness on The Street.
In Iraq, the fighting in the south now seems to be simply killing for
the sake of killing.
Southern Iraq is really AN AMERICAN GAZA CITY now.
The Sharon/Likud-like plan being:
That IF ONLY we can kill enough of them, they'll stop hating/fighting
us!
Well, we all know that won't work.........
And, as to as to those so-called "good Shia?"
Surely they know that once Sadrs army is gone; THEY will be next!
Sistani knows that he will be the "next" bad guy, once the Sadr
militia is gone.
Because, the notion that an Iranian-supported fundamentalist cleric
will somehow be the "salvation" of the bankrupt neocons and Dubya is
just a little bit nuts! Don't ya think?
THE BATTLE IN SOUTHERN IRAQ IS THE BEGINNING OF THE END FOR THE US
OCCUPATION.
IF ONLY WE COULD JUST KILL A FEW MORE OF THEM,......AN A FEW
MORE,.....AND A FEW MORE......
THEN EVERYTHING WOULD BE OK; THEN THEY WILL STOP FIGHTING US AND HATING US?
Well, good luck.
WE NOW HAVE SHARONIST-LUKUD THINKING RUN AMUCK IN SOUTHERN IRAQ!
................
And, on THE STREET little hope is left.
OIL AND GAS ARE OUT OF CONTROL.
GREENSPAN IS, PERHAPS, GOING TO BE FORCED TO ACT AGAINST HIS BELOVED
BUBBLE.
Still, my hunch is that Greenspan WILL NOT raise rates! NO MATTER
WHAT!
THE FED IS SO COMMITTED TO THE BUBBLE ECONOMY THAT RAISING RATES IS
JUST OUT OF THE QUESTION.
But what about oil? And gas? And, the so-called inflation?
WELL, WE ARE ABOUT TO HAVE AN HISTORIC: "LET THEM EAT CAKE" MOMENT!
BETTER TO HAVE STAGFLATION AND HYPER-INFLATION, THAN TO DESTROY THE
BELOVED BUBBLE ECONOMY!
Greenspan has solved our economic puzzle for BUBBLES AND HIGH STOCK
PRICES; just as Keynes solved his economic puzzle for FULL EMPLOYMENT.
Net-net;
I see a period of STAGFLATION kicking in;
FOLLOWED BY A PERIOD OF "GREAT INFLATION,"
PERHAPS EVEN A HYPER-INFLATION.
IT'S BUBBLE OR NOTHING NOW,..........BUT ALAS, IT HAS BEEN FOR
SOMETIME;
NOW "THE JIG IS UP," AND A LITTLE REALITY IS CREEPING INTO THE
INCREASING DISMAL PICTURE.
POSTSCRIPT: Sorry I can't be more "up-beat," but that's the way it
is.
We are all now simply WAITING FOR KERRY to reverse the bad
policies of Dubya....BUT that's a long way off.
Perhaps in a year or so:
TAX CUTS FOR THE RICH COULD BECOME HEALTH CARE FOR ALL, AND A
RESTORATION OF AMERICAN COMPETITIVENESS.
A GREAT REDISTRIBUTION OF WEALTH TO THE MIDDLE CLASS, AND AWAY FROM "GLOBAL CAPITALISTS" IS ABSOLUTELY NECESSARY. AND SADDLY, THAT'S GOING TO BE AS HARD NOW, AS IT WAS IN THE DISMAL 1930'S (THE LAST TIME THIS MESS HAPPEN.)
PERHAPS SHARON WILL GIVE UP ON ANNEXING THE WEST BANK; WITH A LITTLE
HELP FROM NEW PRESIDENT KERRY.
AND THEN, A REAL PALESTINIAN STATE COULD BE SET UP---ASAP!
NOT "LATER," INSIDE THE "SHARONIST OCCUPIED TERRITORIES."
BECAUSE, ONLY WHEN SHARON GIVES UP ON HIS WEST BANK BIBICAL FANTASIES;
CAN THE US QUIT MAKING ALL OF ISLAM INTO A FUTURE AMERICAN "WEST BANK!"
PEACE IS POSSIBLE.......AND PROSPERITY TOO.
BUT ONLY IF, THE CURRENT "SPECIAL INTERESTS" GIVE WAY TO SOME "BASIC FAIRNESS" ALL ROUND.
AND, THAT'S THE HARD PART!
BUT, IT'S ALL "DOABLE" IF AND WHEN;
"SANITY BREAKS OUT!"
