Is It over For the U.S. - The Ecstasy of Empire

Quote from Eddiefl:

there are more engineering college students in China, than there are total college students in the United States.

Why the fuck are parents paying or the govt. paying for schleps to play xbox until 3am and then take 6 years to get a degree in sociology, marketing, MIS, sports rehab,.,,,, utter bullshit,,,


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because everyone "deserves" to go to college and receive the college "experience", right?

In 3rd world countries, you have to pay for your degree up front(no student loans) which actually makes you think first before decided what major to choose. There would be no more 18th century Russian poetry majors if those people had to pay for those classes out of their own pockets before they started school.

But to be fair, you can go to college in China for as little as $400 per semester.
 
Quote from Hacksaw:

DONT JACK WITH EMPIRE

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3023620>
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RIGHT......Fallujah......the DU capital of the world!!! More birth defects than almost anywhere else in the world!!! Now over 400,000 US servicemen exposed to DU poisoning.......what a really F^&* UP Empire we have! :eek:


http://www.globalresearch.ca/index.php?context=va&aid=20186

http://www.globalresearch.ca/index.php?context=va&aid=6009

http://www.globalresearch.ca/index.php?context=va&aid=6353

http://www.globalresearch.ca/index.php?context=va&aid=2374
 
EMPIRE DOES GLOBAL

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European banks took big slice of Fed aid
By Robin Harding and Tom Braithwaite in Washington and Francesco Guerrera in New York

Published: December 1 2010 17:30 | Last updated: December 2 2010 00:12

Foreign banks were among the biggest beneficiaries of the $3,300bn in emergency credit provided by the Federal Reserve during the crisis, according to new data on the extraordinary efforts of the US authorities to save the global financial system.

The revelation of the scale of overseas lenders’ borrowing underlines the global nature of the turmoil and the crucial role of the Fed as the lender of last resort for the world’s banking sector.
......

http://www.ft.com/cms/s/0/4dd95e42-fd6d-11df-a049-00144feab49a.html#axzz16ypKQxi4
 
Empire BACKING DOWN Over NK Coast Naval Drills

South Korea says it will continue to stage military drills off all coasts of the Korean Peninsula despite warnings by the North.


A South Korean military spokesman said on Sunday the new round of marine gunnery exercises will begin on December 13 and will continue until the 19th at 27 sites as planned. But the scheduled exercises will not take place near the contested Yellow Sea border with the North.

"This week's drill will start on Monday as scheduled... we have no plan to conduct it at the frontier islands," the spokesman for the Joint Chiefs of Staff said, referring to the five islands in tense waters off the west coast just south of the contentious sea border called Northern Limit Line. ....

http://www.presstv.com/detail/155108.html
 
Virginia Creates Subcommittee To Study Monetary Alternatives In Case Of Terminal Fed "Breakdown", Considers Gold As Option

In what may one day be heralded as the formal proposal that proverbially started it all, the Commonwealth of Virginia introduced House Resolution No. 557 to establish a joint subcommittee to "to study whether the Commonwealth should adopt a currency to serve as an alternative to the currency distributed by the Federal Reserve System in the event of a major breakdown of the Federal Reserve System." In other words, Virginia will study the fallback plan of a "timely adoption of an alternative sound currency that the Commonwealth's government and citizens may employ without delay in the event of the destruction of the Federal Reserve System's currency" and avoid or "at least mitigate many of the economic, social, and political shocks to be expected to arise from hyperinflation, depression, or other economic calamity related to the breakdown of the Federal Reserve System." Most importantly as pertain to the currency in question, "Americans may employ whatever currency ....

http://www.zerohedge.com/article/vi...ternatives-case-terminal-fed-breakdown-consid
 
A99 vs The Giant Squid

GAME ON

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Quote from rcj:

http://www.infowars.com/the-ecstasy-of-empire/
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that article is horeshit. I stopped reading here:


"The only remaining financier is the Federal Reserve. When Treasury bonds brought to auction do not sell, the Federal Reserve must purchase them. The Federal Reserve purchases the bonds by creating new demand deposits, or checking accounts, for the Treasury. "


The author is clueless about modern macroeconomics. Really: the fed creates new "checking accounts" to purchase bonds? Really? REALLY?!?!
 
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