Well if you find my view 'lopsided US minded' then you should check out some of our mainstream news outlets who seem to give us tiny anti-Iranian & anti-Chinese soundbites (mixed in with some kerfluffle about our borders whilst ignoring the illegal arms trading that was apparently going on from certain "Fast and Furious" ATF groups...). Mostly of course it's pop-culture and who is divorcing/marrying/murdering etc who in the music/entertainment biz (you know, News!).stardust wrote:Hmmm
I am dissapointed valis about this lopsided US minded view.
Forget the usual evil elite alibi for a moment.
What is amazing is that you state FED and US gov bailed Europe, and China ? and...
US are worse than Greece (and Spain and Italy and..) in terms of national debts per BIP and in in total of the national debt and in terms of national debt per capita.
The TRILLIONS that have gone from our Fed. Reserve to EU were only disclosed because a partial audit was *finally* allowed, and of course the recipients are still mostly undisclosed. This isn't a bailout from any US politician or anyone I have the ability to elect or have input with mind you, it's a board of bankers by the bankers...and it's been underway since 2008 just as our local 'dispensing' of future earnings (debt) and printing of 'free' (debt bearing) money has been.
Btw if you want to critique the culture of debt we live in here, try living among us for a while and doing more than living as a nomad. Beyond paying meager rent somewhere and keeping a small store of food for the next several days on hand, there's not much you can do without incurring debt (unless you come to the party wealthy from the get go I suppose). That's unfortunately in stark contrast to 40-60 year ago when most homes, cars and appliances were able to be paid for without bearing debt, and I am not really a fan of the way things are working out on that front... In fact one of the things you'll read about in the history books here in the US in regards to the great depression is how it's all the fault of the little man wanting to buy his wife a fridge 'on credit' without exercising his prudence over his budget. And so I wonder if the same thing will be repeated now, when we're currently bearing 70 times the amount of banking fraud that we had in the savings & loan scandals in the 1970's. A casual tv viewer or headlines reader only knows that the mortgages are somehow related, and has to choose whether it's the fault of the 'guy who took the bad loan' or the 'guy who wrote the bad loan' while either perspective is both vastly oversimplified and at the same time represents only the smallest fraction of the fraud that's really been afoot.
And on a personal note, I am not a great earner where I live, I have a lower middle class existence where I don't buy luxuries very often and most of my earnings that are left from housing & food go to buying the tools I use to do my work (graphics & audio both, and computers). And even with highly variable earnings and a small business owner's needs, I was able to resist having any personal debts of any measure until my wife and I lost an unborn child last year very late in the pregnancy (which I haven't ever spoken of here) and found myself on the 'hook' for 26 large, something I've been working feverishly for the last 1.5 years to pay off...and that's after insurance took care of the normal hospital fees. So probably not the best subject for me to handle atm...and don't get me started on my thoughts on the medical establishment...having grown up around doctors, nurses for most of my childhood. And in military households which brings me back to...