HowardSlumming from Harlem NY and the Bronx
March 7th 2008 12:59
Real Crash- Looking at Capitalism and its Laws:
Slumming in Harlem NY
Can you just try get it through your head;
It's over, it's over;
Globalization, and the slave labor system;
It's over, It's over;
It's not human, it's not free enterprise;
It can't make it, No No No No No No more.
(spoof: It's over)
Hillary Clinton may be making headway. Obama could be fading. The Repubs may go with a McCain-Bloomberg Fascist ticket. However, the basic economic reality continues going down.
The real estate mortgage collapses are intensifying. The little streams of income coming from Internet advertising are drying up as Google, Yahoo, and Microsoft fight it out. Little players like Orble.com try to safeguard their turf from raiders like Payperpost.com , but the whole thing is just part of the bankrupt system.
The former Italian economic minister Tremonti said it on Italian TV. We thought we could make Asia the slave labor production. We in the USA, Aus, Europe would be the consumers. Now, low wage jobs are taking over places like Italy and people can't pay their bills.
Globalization has failed. The mortgage bubble has collapsed, like it had to. We need a major agreement of countries, like Franklin Roosevelt's Bretton Woods conference of 1944. We need a new agreement on parity levels between currencies, and getting government credit for big infrastructure projects.
Remember, by Abe Lincoln sponsoring the railroads in the United States, he not only won the Civil War, but created huge chunks of "free enterprise" in new businesses supplying these projects. We in the USA, Aus, Europe, Asia, Africa, etc. can do that again today.
Oh, and I'm stopping random ads. You can still go to my personal associates, the T-Shirt Queen, and I Love Harlem Apparel, for that New York, Harlem look.
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