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Tuesday, June 16

YOWZA YOWZA YOWZA -- Tell it like it is Chris Hedges!!.......Check out his recent post at TruthDig & the comments that follow.

The American Empire Is BankruptThis week marks the end of the dollar’s reign as the world’s reserve currency. It marks the start of a terrible period of economic and political decline in the United States. And it signals the last gasp of the American imperium. That’s over. It is not coming back. And what is to come will be very, very painful.


There are meetings being held Monday and Tuesday in Yekaterinburg, Russia, (formerly Sverdlovsk) among Chinese President Hu Jintao, Russian President Dmitry Medvedev and other top officials of the six-nation Shanghai Cooperation Organization. The United States, which asked to attend, was denied admittance. Watch what happens there carefully. The gathering is, in the words of economist Michael Hudson, “the most important meeting of the 21st century so far.”


The Shanghai Cooperation Organization: Prospects For A Multipolar WorldThe SCO Declaration evinced a recognition that even if trends in all nations and societies should evolve in the direction of government that is equitable, accountable, accessible and humane, each nation and culture will arrive at that destination by its own path as well as that of universal principles.

The West that presumes to dictate, often to the point of blackmail and bombs, that its increasingly constricted and impracticable model of governance must be enforced always and everywhere, even where the native soil rejects such transplantation, would be better advised to examine its own deficiencies.

The standard bearer of Western values, the United States, held federal elections last year in which two billion dollars of private funds were expended in an effort to buy influence. And that in a system where only two established political parties are given automatic ballot status and thus have a monopoly on fielding candidates broadly and surely in winning posts.


The SCO Declaration evinced a recognition that even if trends in all nations and societies should evolve in the direction of government that is equitable, accountable, accessible and humane, each nation and culture will arrive at that destination by its own path as well as that of universal principles.








With "Independence Day" just around the corner, I have a feeling that the almighty dollar will soon be "set free" from the rest of the world.

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