Atlantic Monthly article: The Quiet Coup (how the US is becoming a Banana Republic)

[ChooseLiberty]

http://www.theatlantic.com/doc/200905/imf-advice

The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. If the IMF’s staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we’re running out of time.

[Bern]

It reinforces the message delivered just recently in The Big Takeover (http://www.ronpaulforums.com/showthread.php?t=185266) article.

[Carole]

http://www.theatlantic.com/doc/200905/imf-advice

The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. If the IMF’s staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we’re running out of time.
Thanks.

That was a well-writen article and helps to explain our economic crisis in an easily digestible way. I enjoyed it very much.

Not sure about the two solutions, but they sounded reasonable having read what went before them.

Is he right considering where we now are?

[Aratus]

Bill Moyers has an interview with The Nation's William Greider. Go halfway down
and then you get to the part where Greider makes comments on how Obama seems
to want the "old order" back, rather than trying to root out the causes more directly.
he also says how centralized power is to be inside the revamped Fed and how this
"too big to fail" doctrine as a mantra has enshrined an incompetance and an oligarchy.
http://www.pbs.org/moyers/journal/03272009/transcript4.html the implication of the very few
being around the same hog trough. the dude is left-wing. he may have toyed with voting for
kucinich, and yes... when Obama hired back the crew around Bill Clinton, we know where and
what Barack's nintendo video gamer reset buttion is set to! the Golden Age for him economically
is Bill Clinton and Newt Gingrich in gridlock mode? like if we ALL go back some 20 to 25 years
we get to re-live the 1990s all over again? headache! the Fed is on steroids and growing...

[Aratus]

"a corperate state" goes a puzzled bill moyers near the end of the interview.
greider explains the "insidiousness" of "too big to fail" after moyers is alarmed...
http://www.pbs.org/wgbh/pages/frontline/tentrillion/ the bailout has our debt
at 21 trillion by 2017 and the amount is equal to our GNP at that point...

[Carole]

It reinforces the message delivered just recently in The Big Takeover (http://www.ronpaulforums.com/showthread.php?t=185266) article.

Bern,

That was an even better article, naming more of the names, and despite some rough language, achieving great clarity and great detail.

I admit I thoroughly devoured the article, "The Big Takeover". :eek:

[Arklatex]

Hmm, I've been to the banana republic twice (honduras) - it ain't so bad. You can do what ever the hell you want down there. Drive down the road backwards, you don't have to obey any laws really. zones for $10. I prefer it to what the United States is becoming. Calling us a Banana Republic is a compliment in mind.

[Zera]

Hmm, I've been to the banana republic twice (honduras) - it ain't so bad. You can do what ever the hell you want down there. Drive down the road backwards, you don't have to obey any laws really. zones for $10.

They have them in Honduras? I've been to the one in the mall once, their clothes were pretty crappy.