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Thursday, January 27, 2005

[+/-]
 Seymour Hersh: "We've Been Taken Over by a Cult"

Seymour Hersh says we've been taken over by a cult:
One of the ways -- one of the things that you could say is, the amazing thing is we are been taken over basically by a cult, eight or nine neo-conservatives have somehow grabbed the government. Just how and why and how they did it so efficiently, will have to wait for much later historians and better documentation than we have now, but they managed to overcome the bureaucracy and the Congress, and the press, with the greatest of ease. It does say something about how fragile our Democracy is. You do have to wonder what a Democracy is when it comes down to a few men in the Pentagon and a few men in the White House having their way.

He sees two ways out: a military coup to depose Bush, or an economic meltdown:

There's a lot of anxiety inside the -- you know, our professional military and our intelligence people. Many of them respect the Constitution and the Bill of Rights as much as anybody here, and individual freedom. So, they do -- there's a tremendous sense of fear. These are punitive people....

Another salvation may be the economy. It's going to go very bad, folks. You know, if you have not sold your stocks and bought property in Italy, you better do it quick. And the third thing is Europe -- Europe is not going to tolerate us much longer. The rage there is enormous. I'm talking about our old-fashioned allies. We could see something there, collective action against us. Certainly, nobody -- it's going to be an awful lot of dancing on our graves as the dollar goes bad and everybody stops buying our bonds, our credit -- our -- we're spending $2 billion a day to float the debt, and one of these days, the Japanese and the Russians, everybody is going to start buying oil in Euros instead of dollars. We're going to see enormous panic here.

Movement on the economic front has already begun. A top Chinese economist said yesterday at the World Economic Forum that his country has lost faith in the stability of the US dollar. Fan Gang, director of the National Economic Research Institute at the China Reform Foundation, said the issue for China isn't whether to devalue the yuan but "to limit it from the U.S. dollar."

2 Comments:

Blogger Dave S. said...

Hersh is deranged

1:16 PM  
Blogger Nanovirus said...

No, he is not.

9:45 AM  

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