"The US debt is over $10 trillion.. China is the principal savior of the American debt.
The color of the cat does not matter as long as it catches the mouse.
1929 was confined to the financial sector. Depression went on through the thirties.
Gordon Brown promised to abolish boom and bust. He fulfilled the first part.
Inevitability of American default and continued American hegemony forcing the world to pay its debt are the two certainties."
Istvan Meszaros is the author of "Beyond Capital."
Corruption, financial speculation and adventurism must be ended.
to hear his address, "Marx and the credit crunch," click on