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Spanish Torture Investigation of Former Bush Officials March 30, 2009

Posted by aetiusromulous in news, politics, Video, YouTube.
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Spain will investigate six former Bush administration officials on charges of torture.

The six, Doug Fieth, John Woo, and David Addington among them, will face a major investigation by the same Spanish investigator who brought Chilean war criminal Augusto Pinochet to justice.

It remains to be seen what an actual investigation may touch off, however the optics appear well timed for the start of the G20 conference which Barack Obama is attending. Anger is rising towards America in Europe and around the world, and this investigation, if anything,  is symptomatic of a world done with American hegemony. Just the same, I for one would love to see these clowns bent beneath the wheel of a Spanish Inquisition.

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Medvedev, Obama to Meet at G20 Summit March 30, 2009

Posted by aetiusromulous in Economics, news, politics, Video, YouTube.
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Medvedev and Obama will sit down together at the G20 meeting this week, at a time where every meeting is critical. Both Russia and the Obama administration want to normalize relations after a long period where Russia was in decline, and America had taken full advantage.

Those days are gone, both superpowers struggling under the weight of their own excesses. No longer the dominating powers that they once used to be, America and Russia look to each other as not just equals, but also partners in a world where Europe and China have grown to equality in prowess and influence.

America is still fighting the cold war in so many ways, and it has a long haul ahead coming to grips with new geopolitical realities. Far from a “madman”,

Medvedev is a rational player on the international stage with respect and prestige around the world, and Obama will use his own popularity to cement a friendship that will see the both of them through a very trying decade to come for each.

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Obama: General Motors and Chrysler – Gone in 60 Days March 30, 2009

Posted by aetiusromulous in Economics, news, politics, Video, YouTube.
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Obama, General Motors, and Chrysler each bought an extra sixty days before they must face the inevitable.

The inevitable is bankruptcy for all three.

Obama may not have caused the auto industry meltdown, and there is real argument whether the auto makers are to blame either, however who is to blame will be invisible to history, only the fact of catastrophic bankruptcy remaining on the record of each. All that remains for the moment is finding a suitable time for the wake.


The fact of the matter is that it is not auto industry inefficiency that needs fixing – if it were, model companies like Honda and Toyota would not be down 50% and falling. The economic environment that existed when automakers sold a historic 16 million units in North America is gone for good, Obama himself admitting a return to the age of easy credit is impossible now. With North American auto sales at nearly 8 million units and falling, and break even being 13+ million units, it defies common sense that GM and Chrysler will be able to craft a business plan that will see them overcome an economic death spiral, and outperform the Japanese by magnitudes at the same time.

Today, Obama did the scene set for the end, drawing a line in the sand legless and broken automakers have no way of crossing. General Motors and Chrysler – gone in 60 days.

Main Site Link: Screambucket.com


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Rick Wagoner, GM President, Fired by Obama March 30, 2009

Posted by aetiusromulous in Economics, news, politics, Video, YouTube.
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GM President Laid Off

The Obama White House fired General Motors President (of the private aircraft fame) Rick Wagoner, one day before the next model bailout rolls off the line.

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Main Site Link: Screambucket.com


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Daniel Hannan : British MEP Heroic Speech March 27, 2009

Posted by aetiusromulous in Economics, news, politics, Video, YouTube.
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Speaks Up Where No One Else Will

Hannan, a member of the European Parliament, out classes Obama at delivering the goods.

The ancient art of great oratory lives!

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Obama: War On Pot Continues Unabated March 26, 2009

Posted by aetiusromulous in Economics, news, politics, Video.
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No.

It was, however, the most popular question posed to him.

Why?

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UK Lines Up With US in Approaching International Stimulus Battle March 25, 2009

Posted by aetiusromulous in Economics, news, politics, Video, YouTube.
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Old West vs New East?

What does Gordon Brown want in exchange for his compliance?

International regulation.

The times they are a changin’

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EU Strengthens Opposition to Obama Plan March 25, 2009

Posted by aetiusromulous in Economics, news, politics, Video, YouTube.
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“Road to Hell”

The EU, backed by most other major holders of US debt, are getting pretty pissed about rescuing America at their expense.

The result could be a failure to coordinate world wide stimulus spending, which would collapse the American dollar, and cause nations holding trillions in American debt to both dump the USD, and move to a more internationally stable financial regime.

Let loose the dollars of war?

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Global Showdown Looms Over Financial Regulation March 25, 2009

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Squabbling Americans Miss The Threat

Outside the US, the world is organizing to prevent a repeat of the current fiasco, by removing regulation from American hands.

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AIG : In Defence of Fallen Heroes March 24, 2009

Posted by aetiusromulous in news, politics, Video, YouTube.
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Americans Fiddle, While America Burns.

Here’s the thing.

The American financial system has been doing this sort of thing since its inception. There were a few collapses along its 125-year history, and once in a while regulation was imposed as a reaction to events. Once the crisis receded from memory, regulation was relaxed and off it all went again. De-regulation is the status quo, the natural state of the Wall Street mojo. Regulation free cowboy finance built America…for whatever that is worth.


While the big guns of Wall Street were shooting up the corral, the lifestyle of the average American rose in their wake. Financial shenanigans fuelled the great consumer society. Absolutely no homeowner in America was calling for anybodies head when the value of their own main asset was riding the wave along with them. These guys were heroes and it is with no small irony these “contracts” were signed back in those, good old days.

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