Re: [Marxism] "Is Eastern Europe Primed to Explode?"

["Lüko Willms" <lueko.willms@xxxxxxxxxxx>]

On Thu, 19 Feb 2009 02:14:34 -0500, Fred Feldman wrote, quoting from 
Counterpunch: 

> Foreign capital is fleeing at an alarming rate; nearly two-thirds gone in 
matter of months. Deflation is pushing down asset prices, increasing 
unemployment, and compounding the debt-burden of financial institutions. It's 
the same everywhere. 

  This is one of the direct consequences of the multi-billion bailouts by the 
US government -- their government bonds will be preferred worldwide to the 
debts of weaker countries like Romania or Bulgaria, just to name two. 

  It will already be difficult for minor imperialist countries like France and 
Germany to get the credits they want to give their banks and other 
businesses -- well one buyer of the state debt issued for bailing out the 
banks will be those banks themselves...


Comradely yours, 
LÃko Willms
Frankfurt, Germany
--------------------------------
visit http://www.mlwerke.de Marx, Engels, Luxemburg, Lenin, Trotzki in Ge
________________________________________________
YOU MUST clip all extraneous text when replying to a message.
Send list submissions to: Marxism@xxxxxxxxxxxxxxxxxxx
Set your options at: 
http://lists.econ.utah.edu/mailman/options/marxism/archive%40archives.econ.utah.edu