Lenin Was Right

"When we go to hang the last aristocrat it will be the capitalist that sells us the rope." Lenin.

As American Capitalism fails it will be Chinese State Capitalism that bails it out.

Kill the competition: China bails out Morgan Stanley,

The Times: Morgan Stanley reported the first quarterly loss in its 73-year history after taking writedowns of $9.4 billion (£4.7 billion) on mortgage-related investments. The bank was forced to agree a $5 billion cash injection from Beijing.

The reason is that they are sitting on trillions in Foreign Direct Investment funds that they have not expended yet. Allowing them to be able to come in and bail out their capitalist competitors.

Dr. Kathryn Dominguez of the Gerald Ford School of Public Policy presented her paper on this topic at the U of A School of Business annual Eldon Foote Lecture in October which I attended.

I recommend reading her paper as it will explain why China's investment in Morgan Stanley is not unexpected, and in fact is the beginning of their bail out of big banks and financial corporation which are suffering as the credit crunch expands from the subprime meltdown.

International Reserves and Underdeveloped Capital Markets

International reserve accumulation by developing countries is just one example of the puzzling behavior of international capital flows. Capital should flow to where its return is highest, which ought to be where capital is scare. Yet recent data suggest the opposite – net capital flows from developing countries to industrialized countries. This paper examines the role of financial market development in the accumulation of international reserves. In countries with underdeveloped capital markets the government’s accumulation of reserves may substitute for what would otherwise be private sector capital outflows. Effectively, these governments are acting as financial intermediaries, channeling domestic savings away from local uses and into international capital markets, thereby offsetting the effects of domestic financial constraints that lead to excessive private sector exposure to potential capital shortfalls.

SEE

China: The Truimph of State Capitalism

State Capitalism By Any Other Name

Petro Dollars Bail Out The CITI

Bank Smack Down

U.S. Economy Entering Twilight Zone

Sub Prime Exploitation

Wall Street Deja Vu

Housing Crash the New S&L Crisis

US Housing Market Crash

America's Debt Economy

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Abstinence Education Gets an F

On the popular kids' TV show Zoey 101, she plays a butter-wouldn't-melt-in-her mouth goodie-goodie. In real life, her character was a little different. Jamie Lynn Spears, the 16-year-old sister of troubled pop star Britney Spears, announced her pregnancy to the world Wednesday.

In an "exclusive interview" with OK magazine, the younger Spears said she was "shocked" to be in the family way after having sex with her boyfriend, Casey Aldridge, the 19-year-old son of a papermill worker in her home state of Louisiana, whom she reportedly met at church.

So let me get this straight Lil ol teen ager Jamie Lynn has sexual intercourse and is shocked she got pregnant. She is not on the pill, her boyfriend did not wrap his willy and she is shocked she got pregnant. Her mother obviously failed to discuss the 'facts of life' with her, but she was planning on writing a book on parenting for a Christian publisher.

This is an excellent example of the failure of the right wing politically correct morality of abstinence and of abstinence education. It is also an excellent example, as if we needed one, of why family planning education/sex education/relationship education is needed in our public education system. Leaving sex ed up to parents means more teen pregnancies.

Now here is another point, Jamie Lynn told her family she missed her period back in November, why didn't she take the morning after pill? And while the white social conservatives condemn black American teen mothers, they will be gushing all over lil Ms. Spears. She well be redeemed in their eyes because given the choice of not being a teen mother,she chose to keep the baby. The fetus fetishists will embrace her 'choice' and forgive her the sin of teen pregnancy.

Janie Lynn Spears is a bad example to teens every where for the stupidity of having unprotected sex and sex without birth control, and for believing being a mother at 16 is a 'choice' when it is in reality a consequence of stupidity.

Fortunately the Spears family is a living breathing example of stupidity when it comes to children and child rearing. An example in the negative. And example of what is wrong when it comes to the real life consequences of the PC morality of Christian Social Conservative Family Values.


Every child a wanted child does not mean it's ok to have an 'accidental' child. We can see from Britney's predicament what happens when this family has children by accident.

SEE

Unsafe Abortions Continue

God Is Pro Abortion

Abortion, Adoption, or Abandonment

Procreation To Save The White Race

Britney Needs A Liberal

Miss Nevada

Feminizing the Proletariat

Kids Are Commodities

Abolishing Adolescence

Pro Life?



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Tasers Are Lethal

Tasers are supposedly an alternative to lethal force, right. So if the taser doesn't work......Winnipeg police shoot man dead after taser fails

And they say the death penalty is outlawed in Canada. In this case the police abetted a public suicide.

She said neighbours told her the man was yelling "shoot me" at the officers before police opened fire.

This is another case of the police failure to be able to deal with mentally distressed people in public, and in this case the victim was a veteran of the Canadian Armed Forces, suffering post traumatic stress. Another failure of the Conservative Law And Order Government to provide for our veterans leaving them to fend for themselves.

A delusional Roy Thomas Bell confronted police with an air pellet gun Monday night in a bid to get help for his mental illness, not to compel officers to shoot him, a woman speaking on behalf of the family said Wednesday.

"This man died trying to get help," she said. "Suicidal people don't do that. He was just not in his right mind at the time."

The woman said Bell, 44, had a history of mental illness that was getting progressively worse since his discharge from the Canadian Forces about three years ago.

Bell worked in the post office of CFB Winnipeg and was discharged after 23 1/2 years on a reduced pension. He was deemed unfit to serve in Afghanistan.

Matthew Gray, a retired soldier, told CBC News that Bell, known to many as Tom, had long struggled with mental-health issues, including post-traumatic stress disorder, following a training deployment overseas as part of his military service.

"Roy Bell was struggling — as many other soldiers I know — to try and get assistance for his PTSD, trying to get understanding as to why he got it and what it's doing to him, trying to get an understanding of the system and how it employs the help that we get, and, you know, it's the same thing with a lot of soldiers," Gray said.

SEE:

The Week That Was

Video Not Taser Creates Inquiry

Police Brutality

Ban Handguns From Cops

Policing the Police


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