<br><br><div class="gmail_quote">---------- Forwarded message ----------<br>From: <b class="gmail_sendername">Dante-Gabryell Monson</b> <span dir="ltr"><<a href="mailto:dante.monson@gmail.com">dante.monson@gmail.com</a>></span><br>
Date: Thu, Aug 18, 2011 at 12:10 AM<br>Subject: Re: "Architecture of post-World War II economic relations is visibly disintegrating."<br>To: <a href="mailto:econowmix@googlegroups.com">econowmix@googlegroups.com</a>, <a href="mailto:sustainable_solidarity@yahoogroups.com">sustainable_solidarity@yahoogroups.com</a>, <a href="mailto:hc_ecology@yahoogroups.com">hc_ecology@yahoogroups.com</a><br>
<br><br><span style="line-height: 10px;"><h1 style="margin: 0px 0px 4px; padding: 0px; font-family: Georgia,serif; line-height: 1.2em;">
<font size="2"><span style="font-weight: normal;">Washington Post -�</span></font></h1><div><font size="2"><span style="font-weight: normal;"><h1 style="margin: 0px 0px 4px; padding: 0px; font-family: Georgia,serif; line-height: 1.2em;">
<font size="2">Geithner, Bernanke have little in arsenal to fight new crisis</font></h1><div><font size="2"><span style="font-size: 10px;"><h3 style="margin: 17px 0px; padding: 0px; font-family: Georgia; font-size: 1.2em; font-weight: normal; color: rgb(51, 51, 51);">
<span style="color: rgb(110, 110, 110);">Published: August�15</span></h3></span></font></div></span></font></div><h1 style="margin: 0px 0px 4px; padding: 0px; font-family: Georgia,serif; line-height: 1.2em;">
</h1></span><a href="http://www.washingtonpost.com/business/economy/geithner-bernanke-have-little-in-arsenal-to-fight-new-crisis/2011/08/12/gIQAFuFvFJ_story.html" target="_blank">http://www.washingtonpost.com/business/economy/geithner-bernanke-have-little-in-arsenal-to-fight-new-crisis/2011/08/12/gIQAFuFvFJ_story.html</a><div>
<br></div><div><font face="Arial, Helvetica, sans-serif" size="3"><span style="line-height: 18px;"><b><br>
</b></span></font><span style="line-height: 18px;"><p style="margin: 0px; padding: 0px;">
<font face="'times new roman', serif">Financial Times -�</font></p><div style="font-family: Arial,Helvetica,sans-serif;"><span style="font-family: Georgia,Times,'Times New Roman',serif;"><h1 style="margin-top: 0px; margin-right: 16px; margin-left: 0px; padding: 0px; line-height: 36px;">
<font size="2">Financial markets at their wits� end</font></h1></span><font size="1">August 12,</font></div></span></div><div><div><br></div><div><a href="http://www.ft.com/cms/s/0/13a17336-c4dc-11e0-9c4d-00144feabdc0.html#axzz1VJ0hV0VY" target="_blank">http://www.ft.com/cms/s/0/13a17336-c4dc-11e0-9c4d-00144feabdc0.html#axzz1VJ0hV0VY</a></div>
<div><br></div><div>Wall Street Journal -</div><div><br></div><div><span style="font-family: Arial,Helvetica,sans-serif; line-height: 10px;"><font size="1"><h1 style="margin: 0px; padding: 0px; font-weight: normal; font-family: Georgia,'Century Schoolbook','Times New Roman',Times,serif; width: auto; line-height: 1.1075em;">
Global Crisis of Confidence</h1><h2 style="margin: 6px 0px 0px; padding: 0px; font-weight: normal; color: rgb(51, 51, 51); text-transform: none; width: 668px;">
World Policy Makers' Inability to Agree on Fixes Led Markets on Wild Ride</h2></font></span></div><div><br></div><div><span style="color: rgb(102, 102, 102); font-family: Arial,Helvetica,sans-serif; font-size: 10px; line-height: 9px; text-transform: uppercase;">AUGUST 13, 2011</span></div>
<div><span style="color: rgb(102, 102, 102); font-family: Arial,Helvetica,sans-serif; font-size: 10px; line-height: 9px; text-transform: uppercase;"><br></span></div><div><a href="http://online.wsj.com/article/SB10001424053111903918104576504493072650756.html" target="_blank">http://online.wsj.com/article/SB10001424053111903918104576504493072650756.html</a></div>
<div><div></div><div class="h5">
<div><br></div><br><br><div class="gmail_quote">On Wed, Aug 17, 2011 at 6:43 PM, Dante-Gabryell Monson <span dir="ltr"><<a href="mailto:dante.monson@gmail.com" target="_blank">dante.monson@gmail.com</a>></span> wrote:<br>
<blockquote class="gmail_quote" style="margin: 0pt 0pt 0pt 0.8ex; border-left: 1px solid rgb(204, 204, 204); padding-left: 1ex;">
<a href="http://www.wsws.org/articles/2011/aug2011/econ-a17.shtml" target="_blank"><font size="4">http://www.wsws.org/articles/2011/aug2011/econ-a17.shtml</font></a><div>
<br></div><div><span style="color: rgb(51, 51, 51); font-family: Arial,sans-serif; font-size: 10px; line-height: 10px;"><h5 style="margin: 10px 0px 0px; padding: 0px; font-size: 1.1em; line-height: 1.3em; font-weight: normal; font-style: italic; color: rgb(102, 102, 102);">
By Barry Grey�<br style="margin: 0px; padding: 0px;">17 August 2011</h5><div><br></div><div>Excerpts :</div>
</span><div><br></div><div><p style="margin: 10px 0px 0px; padding: 0px; font-size: 1.4em; line-height: 1.36em; color: rgb(51, 51, 51); font-family: Arial,sans-serif;">
The global economy is moving into a new stage of the slump that followed the Wall Street crash of September 2008, under conditions where<b> the dollar-anchored world currency system has been irreparably destabilized</b>, the common European currency is being undermined by intra-European imbalances and national antagonisms, and <b>the entire architecture of post-World War II economic relations is visibly disintegrating.</b></p>
<p style="margin: 10px 0px 0px; padding: 0px; font-size: 1.4em; line-height: 1.36em; color: rgb(51, 51, 51); font-family: Arial,sans-serif;">
It is no longer possible to credibly maintain that the economic crisis that erupted nearly three years ago was merely a temporary downturn, followed by a genuine and sustainable recovery.<b> Policymakers are being forced to acknowledge that the massive bank bailouts and austerity programs have resolved none of the underlying problems and that the economic situation is deteriorating.</b></p>
<p style="margin: 10px 0px 0px; padding: 0px; font-size: 1.4em; line-height: 1.36em; color: rgb(51, 51, 51); font-family: Arial,sans-serif;">
///</p><p style="margin: 10px 0px 0px; padding: 0px; font-size: 1.4em; line-height: 1.36em; color: rgb(51, 51, 51); font-family: Arial,sans-serif;">
�Karl Marx had it right,� Roubini said. <b>�At some point capitalism can self-destroy itself. That�s because you cannot keep on shifting income from labor to capital without having excess capacity and a lack of aggregate demand.</b> We thought that markets work. They are not working.�</p>
<p style="margin: 10px 0px 0px; padding: 0px; font-size: 1.4em; line-height: 1.36em; color: rgb(51, 51, 51); font-family: Arial,sans-serif;">
<br></p></div></div>
</blockquote></div><br></div></div></div>
</div><br><br clear="all"><br>-- <br>P2P Foundation: <a href="http://p2pfoundation.net" target="_blank">http://p2pfoundation.net</a>� - <a href="http://blog.p2pfoundation.net" target="_blank">http://blog.p2pfoundation.net</a> <br>
<br>Connect: <a href="http://p2pfoundation.ning.com" target="_blank">http://p2pfoundation.ning.com</a>; Discuss:�<a href="http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation" target="_blank">http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation</a><div>
<br>Updates: <a href="http://del.icio.us/mbauwens" target="_blank">http://del.icio.us/mbauwens</a>; <a href="http://friendfeed.com/mbauwens" target="_blank">http://friendfeed.com/mbauwens</a>; <a href="http://twitter.com/mbauwens" target="_blank">http://twitter.com/mbauwens</a>; <a href="http://www.facebook.com/mbauwens" target="_blank">http://www.facebook.com/mbauwens</a><br>
</div><br>