Tuesday, October 03, 2006

Federal Reserve and Monetary Policy: Pending Refuge Crises Coming from Mexico

To those whom are happy about the Dow 30 having a new record high, I suggest you look towards Mexico. Fox is about to "crush" the rebellion in Oaxaca, Mexico.
From Marcos: "Oaxaca Is Not Just an Emergency, It Is Also an Example to Follow"

Today’s conference included much behind-the-scenes organizing for both the efforts to free the political prisoners and the transportation logistics for the upcoming 54-day tour to the US border (Narco News and The Other Journalism with the Other Campaign were among the alternative media and other organizations invited to send representatives on a 42-seat bus that will be accompanying Delegate Zero starting Saturday, October 7; your reporters and filmmakers will be there, and also reporting in advance and behind the tour for the next two months, as well as our news teams in Atenco-DF and Oaxaca, among other parts of Mexico and a country called América), and elaborate analyses of the current political situation in Mexico by Marcos and by political organizations that adhere to the Other Campaign, some of which will be published in full on these pages in coming days. But the light of the continuing struggle in Oaxaca was, perhaps, that which shone brightest during today’s kick-off meeting.

"Oaxaca is not just an emergency," said Subcomandante Marcos. "It is also an example to follow."


I'll be more concern about a pending refuge crises coming from Mexico.

This event will be the "straw that breaks the camel’s back".

The US of A is on the "edge of a sword". Anything can push us into a depression. Events such as:

Housing prices are set to fall: Forecast sees housing prices falling

And of course there is Iran: Iran offers an 'idea' to end atom stalemate

and the effect of saber rattling on oil prices.

This is what one gets when they us supply-side economic theory in a global market. There is no optimum tax rate. Supply-side economic can only work in an isolated market.

The converse is also true: A negative reaction can occur due to the openness of one’s market to the global work force. This reaction, by its people, to the negative rate of change of GDP, will force that market into a nationalistic, protectionism stance.