East Germans want to return to Socialism
Consider this Reuters article: Global crisis sends east Germans flocking to Marx According to this article, quote; "A recent survey found 52 percent of eastern Germans believe the free market economy is "unsuitable" and 43 percent said they wanted socialism rather than capitalism,".
American Left Ephemera Collection
That is not surprising. When Eastern European countries found themselves 'free' of Russian influence and in a democracy, the one thing that many visiting Western European tourists noticed was the lack of, and inability to provide 'service'. The one thing about being in a competitive market, is that you need to make sure that your company or your service stands out from the rest. Naturally for Dutch tourists (amongst other Western Europeans), the lack of work ethics was duly noted. If you get paid regardless of performance, why work hard? Or why work harder? It is a tough mindset to alter and unless the market delivers, it is obviously more than tough. Considering that we are in a global market economy, that probably provided more obstacles than needed to make that transition work.
U.S. Dollar has Plundered the World
Apparently, the latest banking fiasco was criticized severely by the People's Daily (china). This is what they proposed;
"U.S. has plundered world wealth with dollar..." and that as a starting point, "all trade transactions between Asia and Europe should be settled in Euros, Pounds, RMB, and Yen."
Interestingly enough, years ago, Saddam Hussein threatened the US to switch the payment of Iraqi oil from the weakened US dollars, to a very strong, debt-free Euro:
"Saddam turns his back on Greenbacks" from November 13th, 2000
"Petrodollar Warfare: Dollars, Euros and the Upcoming Iranian Oil Bourse"
19. U.S. Dollar vs. the Euro: Another Reason for the Invasion of Iraq
Just digest this for now. Tomorrow I'll post part 2. Because the connection between the state of the US dolllar or better put, petro dollar, needs to 'hit home'. Will Obama follow suit with previous administrations on this one? I sure hope not!