Co-Founder Of Reaganomics, Paul Craig Roberts, "There Is Probably More Democracy In China Than There Is In The West"

Paul Craig Roberts: "The west prides itself that it is the standard for the world, that it is a democracy. But nowehere do you see democratic outcomes: not in Greece, not in Ireland, not in the UK, not here, the outcomes are always to punish the innocent and reward the guilty. And that's what the Greeks are in the streets, protesting. We see this all over the west. There is no democracy, there are oligarchies, some of these smaller European countries are not even run by their own governments, they are run by Wall Street... There is probably more democracy in China than there is in the west. Revolution is the only answer... We are confronted with a curious situation. Throughout the west we think we have democracy, we hold ourselves up high, we demonize China, we talk about the mafia state of Russia, we talk about the Arabs and so on, but where is the democracy here?"

David Stockman "A Technical Default (on U.S. Debt) Is a Virtual Certainty"

Submitted by: Francis Soyer 5/24/11

Who is David Stockman? He is the former budget director for Ronald Reagan, affiliated with neither party and has seen and predicted the current fiscal mess that exists years ago and has been more vocal lately as we approach financial Armageddon.

He has some salient points listed below in addition to the very basic fact that the U.S. Treasury has to borrow $6 Billion per day just to prevent checks from bouncing. Video below

"I don't have any hope they'll come to a substantive agreement on the big things that need to be done because both parties have ruled off the table the essential things that are necessary.”