Skip to main content

Right Wing Nutters

I see Glenn Beck has managed to show a fine display of human fellow feeling by comparing the Norwegian victims of the right-wing murderer to the Hitler Youth.

Nice.

But then again the US ultra-rightists are not noted for tact or, indeed, intelligence.

His fellow travelers continue to hold the World hostage through their manufactured deadlock of the negotiations to raise the US debt ceiling in the US Congress.

Vince Cable, in his usual blunt way, has called those Congressman and Senators responsible "Right Wing" nutters. Hard not to disagree, when we hear that the leader of the refuseniks would not even take the telephone call of his head of state.

The US AAA debt rating is now quite likely to go. If the deadlock continues, then the damage of a default will be permanent. Once it becomes clear that the leverage created in the Western world since 1945 is now no longer sustainable, even by the US Federal Government, then a major financial reordering is set to take place.

In 1931, there was series of bank failures, followed by a sovereign debt crisis. In 2011, there is a sovereign debt crisis which could lead to the total breakdown of the banking system. The impact of the nightmare scenario can not be judged at this moment, but it does appear that the ultimate breakdown of the financial system is firmly on the cards. 1931, here we come.

If that nightmare scenario does indeed take place, it will be the dogmatic arrogance of Beck and his right wing cohorts who will be most largely to blame.
Labels:

Comments

Unknown said…
Yeah, remember how we grew up being told that Communism would lead to the destruction of everything, or Middle Eastern countries would hold us all to ransom over oil. The biggest threat we've had to face in years comes from the contemptible spectacle of home grown US Republicans playing games with people's lives.
7:32 am
Pat Butcher said…
And yet, Cicero, you predicted a few posts back that private enterprise would take over from the spending of the state?

It would seem in many ways that the tea -party's emphasis on private enterprise and individual liberty, low taxes and deficit reduction is similar in substance to your own views, if not the style.
12:03 pm
Walter said…
A quote from Beck reads "I mean, who does a camp for kids that's all about politics? Disturbing". Even more disturbing then that a right wing nutter like Beck, under the guise of his "9/12 Project", appears to be running his own summer camps for young people, called 'vacation liberty camps'.
12:18 pm
Paul Twigg said…
"Once it becomes clear that the leverage created in the Western world since 1945 is now no longer sustainable, even by the US Federal Government, then a major financial reordering is set to take place."

Yeah, but yeah, which currency is going to take over ? Euro (busted flush), Yen (Japan has 220% debt to GDP Ratio), Yuan (pegged to dollar; do you really want the communist party of China to have the world's global currency???), Sterling (even more of a busted flush-note Vince called for more inflation, sorry QE as well as comments about right wing nuts). Loonie, Aussie, Swiss Franc? (too small). The Rand, Rupee, Real ? (now we go to the realms of fantasy). Gold (too little), Silver (not enough), so what do you postulate the outcome to be?
9:15 pm
Post a Comment

Popular posts from this blog

Liberal Democrats v Conservatives: the battle in the blogosphere

It is probably fair to say that the advent of Nick Clegg, the new leader of the Liberal Democrats, has not been greeted with unalloyed joy by our Conservative opponents. Indeed, it would hardly be wrong to say that the past few weeks has seen some "pretty robust" debate between Conservative and Liberal Democrat bloggers. Even the Queen Mum of blogging, the generally genial Iain Dale seems to have been featuring as many stories as he can to try to show Liberal Democrats in as poor a light as possible. Neither, to be fair, has the traffic been all one way: I have "fisked' Mr. Cameron's rather half-baked proposals on health, and attacked several of the Conservative positions that have emerged from the fog of their policy making process. Most Liberal Democrats have attacked the Conservatives probably with more vigour even than the distrusted, discredited Labour government. So what lies behind this sharper debate, this emerging war in the blogosphere? Partly- in my ...
20 comments
Read more

Concert and Blues

Tallinn is full tonight... Big concerts on at the Song field The Weeknd and Bonnie Tyler (!). The place is buzzing and some sixty thousand concert goers have booked every bed for thirty miles around Tallinn. It should be a busy high summer, but it isn´t. Tourism is down sharply overall. Only 70 cruise ships calling this season, versus over 300 before Ukraine. Since no one goes to St Pete, demand has fallen, and of course people think that Estonia is not safe. We are tired. The economy is still under big pressure, and the fall of tourism is a significant part of that. The credit rating for Estonia has been downgraded as the government struggles with spending. The summer has been a little gloomy, and soon the long and slow autumn will drift into the dark of the year. Yesterday I met with more refugees: the usual horrible stories, the usual tears. I try to make myself immune, but I can´t. These people are wounded in spirit, carrying their grief in a terrible cradling. I try to project hop...
Post a Comment
Read more

Are the Liberal Democrats Libertarian?

A few days ago Cicero met with one of the better known figures in the Libertarian Alliance, Brian Mickelthwait . Brian writes for various blogs that I enjoy reading- including Samizdata . Ahead of our meeting Brain expressed "scepticism" about the Libertarian credentials of the Liberal Democrats: "My charge was that when you meet a Liberal Democrat you never know what he will believe. The one who talks to you is likely to say what you want to hear. But the others will simultaneously be telling other people with quite different views what they want to hear. So don't vote for these lying creeps." Political parties- all of them- are coalitions of people who quite often disagree with each other. Apparently we are not supposed to "air our dirty linen in public", but actually one of the reasons that the Liberal Democrats appealed to me was that they were prepared to talk about issues and policies amongst themselves in public. The eclipse of the Liberal Party...
18 comments
Read more