<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/2a56fd96-083d-485a-9c25-9e806038ce1c/36591EBA-A32A-43D5-AB34-E17A3E88BCBC/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://globalguerrillas.typepad.com/globalguerrillas/2009/10/gg-links-early-october-2009.html" href="http://globalguerrillas.typepad.com/globalguerrillas/2009/10/gg-links-early-october-2009.html" style="font-size: 11px;">globalguerrillas.typepad.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://globalguerrillas.typepad.com/globalguerrillas/2009/10/gg-links-early-october-2009.html">The excellent blog, <A href="http://www.creditwritedowns.com/">Credit Writedowns</A>, calls it (here's a synopsis in all its color):  The American "<A href="http://www.creditwritedowns.com/2008/03/populist-interpretation-of-latest-boom.html">kleptocracy</A>" has run out of steam due to too much <A href="http://blogs.reuters.com/rolfe-winkler/files/2009/09/public-and-private-debt-burden.jpg">debt</A> and is already in the midst of <A href="http://www.nakedcapitalism.com/2009/10/the-recession-is-over-but-the-depression-has-just-begun.html">a perpetual depression</A>.  Why?  The US middle class -- faithful to the <SPAN>cult</SPAN> religion of free markets even while being taken for all they are worth via a 35 year process of substituting debt accumulation for income gains -- is financially broken.  If this is even <EM>remotely</EM> true: is the US headed for <A href="http://globalguerrillas.typepad.com/globalguerrillas/2007/12/privatopia.html">Privatopia</A> and the viral spread of Global Guerrillas?</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/36591EBA-A32A-43D5-AB34-E17A3E88BCBC/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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