CIRCULAR LOGIC..

The Multi National corporations based in the United States built China up by investing capital, and transferring manufacturing technology to China, then these Corporations through their lobbyist, got the United States to lower tariffs on these Chinese made goods this is reflected in China's entering of the WTO.
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Then China builds up huge trade surplus with United States gets a glut of dollars and spends them around the world to get the commodities it needs to manufacture all the goods that it now makes for the world.
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China gets major political and economic foothold in the resource rich continent of Africa pushing US and western companies aside, and the US tries to kick China out Africa through Africom and military intervention. Essentially denying places for China to sell it's surplus dollars, Libya being a prime example.
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If the US government didn't empower the Chinese through it's trade policies the US wouldn't be having all these problems in Africa right now.
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The trade game is going to change now though as China has sucked all the easy value out of the US and probably will be raising the price of the goods it produces as it is not as dependent on the US market as it once was.

Too much credit was created in boom.

Too many claims via credit on real value in the economy , but not enough real value and productive activity to satisfy all the claims on it.
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It was easy for the economic system to create credit, hard for it to create real value.
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Value in the form of educated work force, that created goods and services that warranted the amount of credit created if that made sense.

Fall of Saigon April 29,1975

There is a whiff of this in the air right now .

Matt Taibbi Rolling Stone reporter talks about shadow budget. that benefits Wall Street

S+P RATING AGENCY ON SAME TEAM THAT LOOTED USA..

Just saying..
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Now all the money has been looted. or supposedly looted, looters want to say to the people time to give up your social services..

HEARNS VS DURAN ->JUNE 15, 1984->HOME ALONE

Saw this fight home alone on a Saturday after noon on my mom's couch about 27 years ago wow.
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It's a short fight, I will never forget the ending, and never forget seeing Duran's eyes during the prefight staredown and thinking the guy looks like he is on pain killers.

GAS 4.35 GALLON NORTHERN CALIFORNIA-GOLD $1477 AN OUNCE

Kinda scary numbers..

Peace starts with yourself.

If you can get along with yourself, you can usually get along with others.
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If you can get along with others the ability to work and get the means to survive follows.

Flag of East India Company.

I BELIEVE THIS FLAG IS FROM YEAR 1707

I believe this flag is from the year 1707 not sure though, they had several flags over the course of their history.
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The East India Company was created for trade with India and China.
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The East India Company traded mainly in cotton, silk, indigo dye, saltpetre, tea, and opium.

PETRO EMPIRE

An author at New Yorker Magazine once said
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The British Empire's Navy moved on wind power.
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Tthe Mongol Empire moved on the grass that their pony's ate, and there fore were restricted to to the seasons the grass was not burried under snow .
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US Empire moves on Oil .

Getting to the other side..

Getting to the other side.
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Not speaking of it death here the way the Greeks did when crossing the river Styx.
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Speaking of getting to a more comfortable economic existence through a different job, different way of earning income.
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Cab driving is a bridge as I try to drag myself and family across the thin ice of the U.S. economy to the "Other Side"

Robert Helenius Ko's Samuel Peter to shake up Heavy Weight Division

  
Robert Helenius knocks out perennial contender  Samuel Peter in 9th round of their fight  to shake up Heavy Weight Division.
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Helenius Nickname is the "Nordic Nightmare"
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Peter Nickname the "Nigerian Nightmare" I can't make this stuff up.
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Helenius is from Finland but fights out of Germany and is 27 years old.
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I would now rate the Heavy Weight Division as this too bad not one American in the bunch.
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1-Wladimir Klitschko
2-Vitali Klitschko
3-David Haye
4-Robert Helenius
5-Alexander Povetkin

Still Surviving on the streets

Like Mick Jagger says in the Rolling Stones song “Shattered”  from the 1978  album “Some Girls”, “Still surviving on the streets” and that’s how it is from the seat of my cab to watch an Empire in Decline, watching the tide recede from a big economic boom, seeing all the immigrant communities that came in following the capital/money/jobs .  Migration flows follow capital flows and now capital receding. For rent signs, empty store fronts and lots of immigrants from Mexico ,Central America, and Asia. The  country in certain areas feels like the New Third World.