tj444 -> RE: NSA collects 5 billion cellphone records every day .... (12/5/2013 1:55:22 PM)
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ORIGINAL: vincentML quote:
ORIGINAL: tj444 quote:
ORIGINAL: vincentML quote:
they need to tell the US to take a hike.. and develop relations with other countries to reduce the effect the US has on them.. Greedy for American markets, aren't they? its not simply about markets.. and it depends on the country (Mexico for instance has trade agreements with 43 countries).. but the US will eventually lose its power grip in the world imo, just as the UK did.. the countries that bought into investing in the US style risky investments have gotten hurt.. and why the overleveraged mortgages & the banks allowed to loan out at the ratio the US govt let them & then repackaging of those securities, etc, etc were so financially dangerous in the US & any country that allowed its banks to do the same thing cuz they wrongly figured what's good practice for the US would be good for them too.. it was dangerous for them to follow the Pied Piper.. Mexico is able to have trade agreements with 43 countries because American Capital established a thriving industrial zone along the border (with all the attendant corruption, environmental toxicity, and labor exploitation that makes Globalization such a bunch of fun, fun, fun) As far as the overleveraged banks no one knew what was happening and everyone knew what was happening, especially those politicians and regulators who had a piece of the action. Bernie Madoff took the fall but it goes back to Rubin, Greenspan, and Clinton. As for the Security State, every English speaking nation is participating with the NSA. Germany as well. When they extend their hand to point a finger at the USA there is always one finger pointing back. I agree with much (but not all) of what you said.. Would Canada's economy have weathered the storm if they had allowed banks to leverage the way the US did? I don't think so, I think that more conservative way saved that country from the Great Recession.. the temptation was there and imo, over the years Canada has adopted too many US policies, some weren't necessary or desirable.. I am not sure what Australia did to emerge unscathed from the Great Recession as I am not really following what they did differently.. I am curious about that tho.. Madoff didn't cause the Great Recession.. what he did isn't really part of the discussion (imo) other than the SEC was repeatedly warned about him/his operation and they simply put blinders on.. pretty much the same with MF Global (although all monies have been finally returned to account holders).. I am also thinking ahead to the next debacle (which I expect to be even bigger) and any countries that have not learned anything from this recession (which is still not over imo) will suffer once again.. imo its much better for other countries to be prudent and stay that way.. Mexico has the brains to expand and diversify so that the US has less control over their country.. if it were not for the drug cartels and resulting violence it would (imo) have progressed further and have a more vibrant economy.. Yes, I know the US has convinced other countries in the "yer fer us or agn us" thing and all that but I doubt those leaders expected to also be the ones being bugged/spied on.. what possible reason would the US spy agencies have to spy on allies? [8|] but the US is famous for its version of bait and switch.. it starts with spying or implementing controls to "fight terrorism" but then the net widens to include American's that might be evading taxes.. and those policies end up affecting non-Americans in other countries who have nothing to do with terrorism or US tax evasion.. I don't particularly care what the US govt wants to do within its borders, its when it crosses borders that I have a problem (& with other countries' leaders that "go along to get along" and that shite)..
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