[Marxism] Escalating aggression against Iran -- diplomatic isolation being pressed,

[S. Artesian]

FWIW, here's my view.  Pretty soon, all the TARPS, TALFS, PPIPS, ECB rate 
cuts, UK capital injections, etc. are going flop-- let's just say the other 
shoes are going to come off- particularly in commercial real estate in the 
US-- $3.5 trillion with about 20% in commercial mortgage backed securities, 
with about 40% of that coming due on the next 3 years, and 55% of that 
probably NOT qualifying for refinancing;  and there's the credit card debt--  
spun off in special investment vehicles so that collateralized credit card 
debt obligations could be issued as securities-- well you know the rest, and 
now the banks, given the 10.44% default rate are taking them back onto their 
balance sheets, because as collateralized obligations, when the default rate 
reaches a certain level, the issuers have to repay the value of the 
obligation EARLY,  and with it back on the bank books  they can use some of 
your tax-dollars to pay the bill but since the FASB now allows banks to 
carry the securities at face value, not market value, they don't have to 
declare the loss......... whew, let me take a breath.

What I mean is once again the rent is coming due, and I can't see the 
bourgeoisie aggrandizing profit any way other than--------jacking up the 
price of oil again to reinflate the economy and the best way to do that, Mr. 
OPEC?  Why let's get us a real war going this time-- in the Caspian maybe, 
yeah take out the #2 OPEC producer, threaten the whole pipeline arrangement, 
threaten the Caspian, and bang on Russia's door while we're at it.

Sometimes, even I wish the bourgeoisie were smarter, but I know they're not.

----- Original Message ----- 
From: "Fred Feldman" <ffeldman at bellatlantic.net>
To: <sartesian at earthlink.net>
Sent: Friday, July 03, 2009 6:05 PM
Subject: Re: [Marxism] Escalating aggression against Iran -- diplomatic 
isolation being pressed,