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As the US faces a very real prospect of utter collapse where millions may be may be made jobless and homeless, the GOP drags out a tired old lie that goes like this: 'Be happy! Recession is goooood for you!' If that were true, millions would be trying to move to a third world country instead of trying to get out of one. Don't worry about it; the third world is coming to you! Millions have yet to recover from Ronald Reagan's 'recession' of some two years following an improvident tax cut which benefited only the nation's privileged elite. What Reagan failed to achieve was left to Bush Jr to polish off.
The trend began in 1982 resumed shortly after Bush's first tax cut. October 2003 figures from the US Census Bureau make stark reading:
• Median household incomes are falling
• The number of Americans without health insurance rose by 5.7 percent to 43.6 million individuals.
• The number of people living below the poverty line ($18,392 for a family of four) climbed to 12.1 percent — 34.6 million people.
• Wages make up the majority of income for most American families. As "Downward Mobility," NOW's report on workers and wages illustrates, many American workers are facing corporate efforts to cut pay and benefits, which could lead to more American families struggling to stay out of poverty.
The fall of the American empire resembles that of Rome in several areas but primarily --military and economic. The economies of the US and Rome ultimately depended on conquest. To this end, the US was sold to the Military/Industrial complex for whom 'conquest' is both an addictive drug and a life's blood. By the time the Roman Empire was sold at auction to one Didius Julianus, Rome's currency had already collapsed, as the dollar is likewise endangered. The smart money had already dumped sestercius for Greek Drachmas and the sale of the empire was concluded in Greek currency --not Roman.
Today, the currency of choice is neither the US dollar nor the Euro. It's oil and because Iran would prefer to sell oil for Euros, nations wishing to buy oil must exchange their dollars for Euros. Iran is threatened because it possesses a precious resource no longer produced economically in the US --oil! Rome was likewise impoverished. The sestercius was essentially worthless. It doesn't require an economics degree to conclude that Rome invaded Dacia for its gold and that the US will attack Iran for its oil.
Lacking oil, lacking a currency of choice, the American empire is finished! Just like Rome!