Wednesday, November 3, 2010

U.S To Spend 200 Million A Day For Obama Visit

Mumbai:  The US would be spending a whopping $200 million (Rs. 900 crore approx) per day on President Barack Obama's visit to the city.

"The huge amount of around $200 million would be spent on security, stay and other aspects of the Presidential visit," a top official of the Maharashtra Government privy to the arrangements for the high-profile visit said.

About 3,000 people including Secret Service agents, US government officials and journalists would accompany the President. Several officials from the White House and US security agencies are already here for the past one week with helicopters, a ship and high-end security instruments.

"Except for personnel providing immediate security to the President, the US officials may not be allowed to carry weapons. The state police is competent to take care of the security measures and they would be piloting the Presidential convoy," the official said on condition of anonymity.
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  1. Mentally and bodily obese, brain dead consumers of a bankrupt morally degenerate America, voted again for the same old populist imperialist war leaders of the “left” and “right” political factions ,in a desperate the hope that credit and housing property values will be restored ,so the great Ponzi can recover for the Debt Peons.
    But the Ponzi economy and the Dollar hegemony system is already dead. bailed out America now makes its “profits” by money printing.
    The Obama, Palin ,or even new politician puppets will not change that.
    America is a country that used to make a living producing from trading internally and externally in consumer products , industrial commodity wealth .
    Now it is a services based economy unproductive of real profit that was running on credit. Other countries were prepared to exchange their goods in return for US paper.
    This was only possible as long as the dollar and dollar investment in US treasury bonds and property appeared to real world value, that that the interest and dividend returns would continue to represent real world value. In the end it did not.
    After world war two, following the destruction through war of its imperialist competitors industry ,America with its strong dollar was on top of the world, it was able to pay its more privileged bribed workers ‘a decent living wage” and the Whites ,given access to credit were able to move out and create comfortable, car oriented, suburban enclaves . It was able to grow its economy and export markets share world wide.
    But the bulk of its profits that enabled high waged white workers in those days were the profits that were made from racial discrimination ,in the fifties Blacks were paid on average about one third less than White labor this discrimination being the actual , main source of its company profit.
    With a growing rebellion of the Blacks and other minorities and Women , a demand for civil and equal wages rights beginning in the sixties ,concessions for the political reasons of heading off a growing rebellions had to be made by the ruling elite.
    So the US was forced to turn to “Keynesian” printing press spending for the Johnson “Great society’ in order to try and calm things down . This together, with the costs of the deficit spending from the Korean and then Vietnam wars destroyed the Strong US dollar .
    So that under Nixon the gold standard had to be completely abandoned.
    In partnership with its Arab puppet regimes a dollar hegemony system was erected by the Americans allowing an OPEC oil monopoly price . So long as it was priced in dollars American military backing for its Saudi puppets was guaranteed .
    A true fiat paper dollar backed by the military and the deficit financed military industrial complex was the result.
    These economic concessions to labor meant that, in recent decades its industrialists were unable to make a real profit from high waged American workers. The real inflation adjusted value of wages were put on hold ,this reality of stagnant real wages value ,was disguised by the ability to purchase the later inflow of cheap commodities from the third world.
    Unable to make industrial profit at home American capitalists began exporting capital and jobs to the third world . The vast labor available In China after Mao died and a capitalist regime put in place, proved to be a capitalist cheap labor heaven.
    An Eldorado.
    America industry being unprofitable was then de-industrialized.
    The profits in Wall Mart were not being made from US production of wealth or from US labor, but the profits were extracted from Chinese and other third world labor.
    The consumers ,the purchasers of these goods may have thought that they were the source of the profit, but they were topping up their wages by credit supply .
    Vendor financing by the Chinese and others on credit cards and by using the property bubble values of their houses as an ATM. Then the credit supply died.

  2. We are Rome and on fire!

  3. Rome on fire? Bullshit... we're all plastic soldiers in a miniature dirt war.

    LOL. Jim Morrison would be loving this if he was alive.

  4. 3:29, an excellent analysis. Spot on.

  5. And Jim would be singing This is the End...while this video played:

    sad, strange days, indeed.

  6. Word is Obozo is not coming back. Works for me.

  7. Rome indeed...Circuses and bread...IE Entertainment and food stamps.

    Soon rebellion, fiefdoms and crumbling of central government.

    Scary times my friends...Damn it wrong day to give up smoking.

  8. I will laugh the day this baby crumbles to the ground.

    I run a samll business and gave up my paltry 3,000.00 trip to the beach this year with my family because we just didn't have the money and business is slow.

    Not these jackwagons buddy ! Full speed ahead !

    Spend it like you got it

    Even if you don't

  9. 200 million a day? Really? and how does anyone know how to calculate it? India is a poor country in some respects. Maybe Obama is traveling to ask for the jobs back.

  10. Dumbed down americans would not have the education and skills to do a lot of the jobs exported by american capital ,the owners of the jobs, to the third world.

    They might be O,K for the Indian call center jobs as many americans speek a reasonable educated English .

    I have read that the Chinese graduate every year as many engineers as america has got in total.

    America is a services based economy where Americans exchange services with each other likeshoe cleaning ,fingernail painting, tattooing ,lawn mowing, and as retail workers in Wall mart ,as well as banksters and real estate agents ,others work in advertising those services and high and low tech commodities made in China and Korea . there are a few working in car washes ,insurance and as tyre changers and other jobs where not much education is teuired .
    Only a small number of workers work in agriculture and industry, usualy workers in subsidised sheltered workshops of the military industrial complex .
    Or tyhe financialy sheltered gjobs at GM etc.
    The housing construction industry appears to be completely kaput.
    China has the fastest computer in the world now.It still uses intel chips -but these are probably made in Taiwan now.

    America is a has been country and now that its credit supply has crashed the great ponzi economy is finished .
    The consumer lifestyles of its now insolvent Debt peons means they will not have the credit available to buy a lot of the goodies they were used to having.
    joe six pack might become Joe 2 pac.


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