Re: [PEN-L] The Great Dollar Crash of 2007

2007-02-09 Thread soula avramidis
in my recent draft article that i sent to you the last paragraph says: However, in as much as the growth of US capital can be dependent on the growth in global tensions, the pricing of oil in dollars and resource inflows, it will also reveal itself to be independent of that. Such independence

Re: [PEN-L] The Great Dollar Crash of 2007

2007-02-08 Thread soula avramidis
sorry i meant inter imperialist rivalry is no longer as intense between the advanced formation. differences in the imperialist camp become acute over natural resources in the near east and to the extent to which the US cannot deliver on its debt to old the colonialist who are partners in

Re: [PEN-L] The Great Dollar Crash of 2007

2007-02-08 Thread Yoshie Furuhashi
On 2/8/07, soula avramidis [EMAIL PROTECTED] wrote: sorry i meant inter imperialist rivalry is no longer as intense between the advanced formation. I see. No question about it, for sure. differences in the imperialist camp become acute over natural resources in the near east Do you see

Re: [PEN-L] The Great Dollar Crash of 2007

2007-02-07 Thread soula avramidis
That seems to discount the other side of the coin and that is the US can honour its debt obligations by further military expansion, ergo, Iran, and, because everyone wants to keep a steady and universal medium of wealth holding, they will look the other way when Iran is bombed. The US boat has

Re: [PEN-L] The Great Dollar Crash of 2007

2007-02-07 Thread Jim Devine
On 2/7/07, Yoshie Furuhashi [EMAIL PROTECTED] wrote: ... Ironically, the state most defiant of the American empire -- Venezuela -- is also among the most dependent on the American market. what does it mean here, among the most dependent? If the US stopped buying V's oil, couldn't V sell it to

Re: [PEN-L] The Great Dollar Crash of 2007

2007-02-07 Thread Yoshie Furuhashi
On 2/7/07, Jim Devine [EMAIL PROTECTED] wrote: On 2/7/07, Yoshie Furuhashi [EMAIL PROTECTED] wrote: ... Ironically, the state most defiant of the American empire -- Venezuela -- is also among the most dependent on the American market. what does it mean here, among the most dependent? If the

Re: [PEN-L] The Great Dollar Crash of 2007

2007-02-07 Thread Jim Devine
On 2/7/07, Yoshie Furuhashi [EMAIL PROTECTED] wrote: More than half of Venezuela's export goes to the USA and nearly 30% of its import comes from the USA. That's heavy-duty dependency, it seems to me. How long would it take for Venezuela to replace the USA as buyer and seller if it lost it?

Re: [PEN-L] The Great Dollar Crash of 2007

2007-02-07 Thread Yoshie Furuhashi
On 2/7/07, Jim Devine [EMAIL PROTECTED] wrote: On 2/7/07, Yoshie Furuhashi [EMAIL PROTECTED] wrote: More than half of Venezuela's export goes to the USA and nearly 30% of its import comes from the USA. That's heavy-duty dependency, it seems to me. How long would it take for Venezuela to

Re: [PEN-L] The Great Dollar Crash of 2007

2007-02-07 Thread Peter Hollings
Message- From: PEN-L list [mailto:[EMAIL PROTECTED] On Behalf Of Yoshie Furuhashi Sent: Wednesday, February 07, 2007 3:42 PM To: PEN-L@SUS.CSUCHICO.EDU Subject: Re: [PEN-L] The Great Dollar Crash of 2007 On 2/7/07, Jim Devine [EMAIL PROTECTED] wrote: On 2/7/07, Yoshie Furuhashi [EMAIL PROTECTED

Re: [PEN-L] The Great Dollar Crash of 2007

2007-02-07 Thread Leigh Meyers
:42 PM To: PEN-L@SUS.CSUCHICO.EDU Subject: Re: [PEN-L] The Great Dollar Crash of 2007 On 2/7/07, Jim Devine [EMAIL PROTECTED] wrote: On 2/7/07, Yoshie Furuhashi [EMAIL PROTECTED] wrote: More than half of Venezuela's export goes to the USA and nearly 30% of its import comes from the USA. That's

Re: [PEN-L] The Great Dollar Crash of 2007

2007-02-07 Thread Marvin Gandall
Productivity Growth Rebounds, Easing Pressure on Labor Costs By BRIAN BLACKSTONE Wall Street Journal February 7, 2007 4:21 p.m. WASHINGTON -- U.S. productivity growth rebounded during the fourth quarter of 2006, easing pressure on labor costs and suggesting that the economy still has the

[PEN-L] The Great Dollar Crash of 2007

2007-02-06 Thread ken hanly
So is this a good analysis? The Great Dollar Crash of ‘07 Tuesday, 06 February 2007 By Mike Whitney The massive equity bubbles which arose from artificially low interest rates and the deliberate destruction of the dollar by reckless increases in the money supply have shifted trillions of

Re: [PEN-L] The Great Dollar Crash of 2007

2007-02-06 Thread Doug Henwood
On Feb 6, 2007, at 8:56 PM, ken hanly wrote: So is this a good analysis? The Great Dollar Crash of ‘07 Yeah, except you probably could have used any year of the last 25 in the title. Doug

Re: [PEN-L] The Great Dollar Crash of 2007

2007-02-06 Thread Doyle Saylor
Greetings Economists, On Feb 6, 2007, at 5:56 PM, ken hanly wrote: Clearly, the well is running dry; the housing bubble is hang-gliding into the abyss and there’s nothing Fed-master Bernanke can do to save it from its inevitable crash-landing. Doyle; The word, 'clearly', here is rhetorical.