DEATH TO THE NEW WORLD ORDER

Wall St. Ticks Off the WorldFinancial crisis, not armed terrorists, greatest threat to U.S. security
By Eric Margolis

April 05, 2009 "Toronto Sun" -- The current international financial disaster brought on by Wall Street has created 25 million unemployed around the globe. People everywhere are mad as hell at both their leaders and America.U.S. intelligence says this financial crisis, not al-Qaida, is the greatest threat to national security.Politicians from leading industrial nations sought safety in numbers at the G20 summit in London this week attempting to show they are resolving the worst economic crisis since 1930.President Barack Obama was a huge hit. He urged Europe and Asia to join the U.S. in spending more billions to stimulate their battered economies.The U.S. government and Federal Reserve have already spent, guaranteed, or lent $12.8 trillion, an amount equal to 90% of total U.S. 2008 economic output.To aid the financial industry, the Fed slashed interest rates to nothing, savaging savers and retirees. Unable to further lower rates, the government is now flooding the economy with billions of dollars created from thin air that will inevitably generate future asset bubbles, stoke inflation, and eventually drive down the U.S. dollar.By contrast, Europe, Russia and Japan resisted more stimulus deficit spending, rightly fearing inflation. They have declining populations and cannot, like the U.S., saddle the next generation with monster deficits.

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