We have pacified some thousands of the islanders and buried them; destroyed their fields; burned their villages, and turned their widows and orphans out-of-doors; furnished heartbreak by exile to some dozens of disagreeable patriots; subjugated the remaining ten millions by Benevolent Assimilation, which is the pious new name of the musket; we have acquired property in the three hundred concubines and other slaves of our business partner Sultan of Sulu, and hoisted our protecting flag over that swag. And so, by the Providences of God – and the phrase is the government's, not mine – we are a World Power Mark Twain
9/19/8 Making Sense of the Crisis: Henry K. Liu
Digest note: Readers know the mainstream media casts the monetary symptoms of this long-brewing, deep structural crisis of u.s.finance capital which finally erupted into public view, as the whole story. The news comes as an unfathomable shock to most people because this crisis has been disguised as isolated phenomena, bursting housing bubbles, downturns, etc.,to camouflage its systemic roots and nature, with its surface effects. Making sense of this irreversible crisis is critical.