Currently, more than last month, corruption, speculation and bankruptcy are rife; the slump deepens inexorably; across the globe big banks falter, sectors of the world market plummet and economic growth stagnates, slinging huge economies like Japan and the USA, in fact, the whole world order into apocalyptic jeopardy.
The elected president Barack Obama had nothing to say with regard to the Gaza massacre of its loyal Middle East ally, because two presidents of the USA cannot voice their class opinions simultaneously. However, what is valid for Pontius was not valid for Pilate: with reference to President Chavez of Venezuela, before the opulent show, in unison both Bush and Obama sang the same old terrorist Swan's Song.
On Inauguration Day, January 20, 2009, the inherent, structural recession was not impressed by the feudal aristocratic United States 'monarchy', that is, by the military and industrial festivities ad nauseam of the social class basis of the new Democratic president; it was not participating in the huge pan et cirsenses, on the contrary, while the celebrations took place, on Wall Street, and elsewhere, the stock markets declined progressively; all over major banks suffered heavy losses.
"The Dow Jones Industrial Average closed 4 percent lower, losing 332 points and falling below the 8,000 mark to 7,949. Also sharply down were the Standard & Poor's 500 Index (-5.3 percent) and the Nasdaq Composite Index (-5.8 percent). The Dow and S&P are now at two-month lows, largely erasing the rebound that followed the November presidential election, which saw the markets anticipate an Obama administration stimulus package. "Optimism that government spending would revive the economy [has] evaporated," Bloomberg News reported.".
But this was not all:
In Britain and on the European continent major banks suffered similar losses, were shaken by the structural, systemic crisis of world capitalism.
What this means for the metropolitan workers the European Commission told us without any flowers: unemployment in the 16 countries using the euro, which could reach 10 percent at the end of this year. Of course, this is already being accompanied by layoffs, and soon by cutting of wages, of social benefits and by higher taxation to bail out the capitalist State and its respective ruling class bosses.
In reality, what the Murdoch Empire does not inform us about, like in the case of the ex-world power, of the Soviet Union, is the possible dissolution, the demise of the United States of America within the historic context of globalization. To get a glimpse of this historic possibility, Christopher Ketcham, ... who is not a Marxist, rather he is a serious writer of Vanity Fair, GQ, Harper's and other magazines, ... will tell us in his upcoming book why he feels that "The United States Must End".