Bush Stops Gravity: Abandons Free Market to Save it?

Can principles be suspended or sacrificed?

AFP (Breitbard.com) | US President George W. Bush said in an interview Tuesday he was forced to sacrifice free market principles to save the economy from “collapse.”

“I’ve abandoned free-market principles to save the free-market system,” Bush told CNN television, saying he had made the decision “to make sure the economy doesn’t collapse.”

Bush’s comments reflect an extraordinary departure from his longtime advocacy for an unfettered free market, as his administration has orchestrated unprecedented government intervention in the face of a dire financial crisis.

“I am sorry we’re having to do it,” Bush said. Bush said….<<<Read the Full Story>>>

Communists: US Crisis will help us regain power

REUTERS INDIA | MOSCOW (Reuters) – Russia’s Communists expect the global financial crisis will cause social unrest and help them challenge for power, the party’s leader said on Saturday.

Gennady Zyuganov told the party’s annual congress the Communists should make maximum use of the growing public discontent caused by the economic downturn to try to restore their political strength.

“The wind of history is blowing in our sails again … At this time of crisis the world of imperialism is starting to die. We are standing on the threshold of political and social shifts,” Zyuganov said in a 2-hour speech opening the congress.

Russia’s Communists ruled the Soviet Union for eight decades and remained a major opposition force for several years after the collapse of the Soviet Union at the end of 1991.

But the party has since lost much of its authority and many analysts say it is too weak to seriously challenge for power.

The Russian authorities are trying to minimise the impact of the financial crisis by promising billions of dollars of state aid. Prime Minister Vladimir Putin has pledged higher social payments to the needy and lower taxes for business.

“The authorities are clearly not coping with managing the country … A mass social protest is brewing and it is hard to predict now when and in what shape it will explode,” Zyuganov said.>>>>Read the Full Article

US Collapse into Six States: Former Soviet Predicts…

By Matt Drudge (DrudgeReport.com) – A leading Russian political analyst has said the economic turmoil in the United States has confirmed his long-held view that the country is heading for collapse, and will divide into separate parts.

Professor Igor Panarin said in an interview with the respected daily IZVESTIA published on Monday: “The dollar is not secured by anything. The country’s foreign debt has grown like an avalanche, even though in the early 1980s there was no debt. By 1998, when I first made my prediction, it had exceeded $2 trillion. Now it is more than 11 trillion. This is a pyramid that can only collapse.”

The paper said Panarin’s dire predictions for the U.S. economy, initially made at an international conference in Australia 10 years ago at a time when the economy appeared strong, have been given more credence by this year’s events.

When asked when the U.S. economy would collapse, Panarin said: “It is already collapsing. Due to the financial crisis, three of the largest and oldest five banks on Wall Street have already ceased to exist, and two are barely surviving. Their losses are the biggest in history. Now what we will see is a change in the regulatory system on a global financial scale: America will no longer be the world’s financial regulator.”

When asked who would replace the U.S. in regulating world markets, he said: “Two countries could assume this role: China, with its vast reserves, and Russia, which could play the role of a regulator in Eurasia.”

Asked why he expected the U.S. to break up into separate parts, he said: “A whole range of reasons. Firstly, the financial problems in the U.S. will get worse. Millions of citizens there have lost their savings. Prices and unemployment are on the rise. General Motors and Ford are on the verge of collapse, and this means that whole cities will be left without work. Governors are already insistently demanding money from the federal center. Dissatisfaction is growing, and at the moment it is only being held back by the elections and the hope that Obama can work miracles. But by spring, it will be clear that there are no miracles.”

He also cited the “vulnerable political setup”, “lack of unified national laws”, and “divisions among the elite, which have become clear in these crisis conditions.”

He predicted that the U.S. will break up into six parts…>>>>Read the Rest of the Story