Bad News From America’s Top Spy By Chris Hedges

by Chris Hedges
Featured Writer
Dandelion Salad
February 16, 2009

We have a remarkable ability to create our own monsters. A few decades of meddling in the Middle East with our Israeli doppelgänger and we get Hezbollah, Hamas, al-Qaida, the Iraqi resistance movement and a resurgent Taliban. Now we trash the world economy and destroy the ecosystem and sit back to watch our handiwork. Hints of our brave new world seeped out Thursday when Washington’s new director of national intelligence, retired Adm. Dennis Blair, testified before the Senate Intelligence Committee. He warned that the deepening economic crisis posed perhaps our gravest threat to stability and national security. It could trigger, he said, a return to the “violent extremism” of the 1920s and 1930s.

It turns out that Wall Street, rather than Islamic jihad, has produced our most dangerous terrorists. You wouldn’t know this from the Obama administration, which seems hellbent on draining the blood out of the body politic and transfusing it into the corpse of our financial system. But by the time Barack Obama is done all we will be left with is a corpse-a corpse and no blood. And then what? We will see accelerated plant and retail closures, inflation, an epidemic of bankruptcies, new rounds of foreclosures, bread lines, unemployment surpassing the levels of the Great Depression and, as Blair fears, social upheaval.

The United Nations’ International Labor Organization estimates that some 50 million workers will lose their jobs worldwide this year. The collapse has already seen 3.6 million lost jobs in the United States. The International Monetary Fund’s prediction for global economic growth in 2009 is 0.5 percent-the worst since World War II. There are 2.3 million properties in the United States that received a default notice or were repossessed last year. And this number is set to rise in 2009, especially as vacant commercial real estate begins to be foreclosed. About 20,000 major global banks collapsed, were sold or were nationalized in 2008. There are an estimated 62,000 U.S. companies expected to shut down this year. Unemployment, when you add people no longer looking for jobs and part-time workers who cannot find full-time employment, is close to 14 percent.


via Truthdig

Copyright © 2009 Truthdig


see also

Dennis Blair: Financial Crisis Is Top Security Threat to US

Democracy Now! 2.13.09


The Looming Collapse of the American Empire by Chris Hedges

Eastern Europe is about to Blow By Mike Whitney

US intelligence chief: World capitalist crisis poses greatest threat by Bill Van Auken

Silly Money: Bremner, Bird and Fortune (Satire)

Gerald Celente: Worst economic collapse ever

Naomi Wolf: No mass activism? No “America”

Revolt is in the air by Eric Ruder

The Economy Sucks and or Collapse 2

4 thoughts on “Bad News From America’s Top Spy By Chris Hedges

  1. Some people need to learn the hard way; others never do. Keep repeating the same mistake over and over, yet expect a different result each time. Brilliant, eh?

  2. Pingback: The Looming Collapse of the American Empire by Chris Hedges « Dandelion Salad

  3. Living proof why our “Spy System” failed to pick up the “traffic” re 911. Remember all the “traffic” surrounding the weeks before Pearl Harbor?

    That;s why terms such as “CIA-Intelligence; Military Intelligence, etal, are “Oxymorons”.

    I guess it must be true that the average “intelligence Officer” graduated 3 percentage points ahead of the average teacher-who graduated in the bottom third of his /her class.

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