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Date: Sat, 29 Nov 1997 07:22:38 -0800
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From: Paul Andrew Mitchell [address in tool bar]
Subject: SLS: Return of American Nationalism (fwd)
<snip>
>
>>RETURN OF AMERICAN NATIONALISM
>>
>>by Patrick J. Buchanan
>>
>>November 17, 1997
>>
>>Scoff if you will at the claim, but I believe this fall may rank in
>>historic significance in our time second only to the fall of 1989 when
>>the Berlin Wall came down. Ridiculous, absurd, you say. Well, consider
>>the three signal political events that marked this autumn.
>>
>>One was the astonishing rout of the president on his highest priority,
>>"fast track," the bill by which Congress was to give up all rights to
>>amend trade treaties. Standing behind Bill Clinton was a seemingly
>>invincible phalanx: ex-Presidents Bush, Carter and Ford, all the
>>ex-secretaries of state and trade representatives, the think tanks from
>>Heritage to AEI to Cato and Brookings, the Big Media, all the name
>>economists, the prestige punditocracy, the Chamber of Commerce, the
>>Business Roundtable, the Council on Foreign Relations and so on. Yet all
>>the king's horses and all the king's men could not prevail.
>>
>>Make no mistake: If Clinton at 60 percent approval cannot win a vote
>>where the GOP leadership is 100 percent with him, his cause is lost. Not
>>since the "fighting 80th Congress" of Harry Truman's time euthanized the
>>International Trade Organization has globalism sustained such a defeat.
>>But that was the last hurrah of GOP protectionism. Defeat of fast track
>>is the first triumph of a blazing new nationalism.
>>
>>And when the coming tsunami of Asian exports hits America's shores,
>>flooding our manufacturing base, and drowning industries and factories,
>>the day of the economic nationalist will be at hand.
>>
>>The second event was the stunning collapse of stock markets and currency
>>values that began in Thailand. From Bangkok, the epidemic spread to
>>Malaysia, Indonesia, the Philippines, Taiwan, Hong Kong, Korea and Japan.
>>
>>>>From Asia, it leapt the Pacific to Latin America. Now, stock market
>>crashes and currency devaluations are occurring in Russia, the Baltic
>>republics, Eastern Europe and Greece. The Global Economy is proving to be
>>
>>a high-speed transmission belt of global financial disaster. Where is our
>>
>>fire wall?
>>
>>Nor is the end of this sickening earth slide in sight. But already, it is
>>
>>clear that Asia's economies and banks are going to be devastated and
>>their ability to repay Western creditors impaired. Thailand has received
>>a $17 billion bailout; Indonesia's Suharto regime is the beneficiary of a
>>
>>bailout that now exceeds $40 billion. If the Japanese banks start
>>tumbling, the wreckage will be global.
>>
>>What this crisis will produce is eminently predictable.
>>
>>Asian regimes will soon inform Western corporate and banking elites they
>>cannot pay their debts. The elites will then raise a great cry that the
>>Asian nations must be bailed out, in the name of "stability" -- by having
>>
>>the International Monetary Fund, the World Bank and the U.S. Treasury
>>lend them hundreds of billions to pay their debts. Thus, the investments
>>of Citibank, Goldman Sachs and all the rest can be made good with fresh
>>loans -- backed by U.S. taxpayers.
>>
>>This globalist racket must be exposed, and ended, once and for all. Now
>>is the time for populists to echo our free-trade friends who endlessly
>>proclaim: "Let the markets work!" Let the investors who pocketed their
>>Asian profits swallow their Asian losses. Let the big banks and their
>>clients work out their problems without putting U.S. taxpayers on the
>>hook.
>>
>>When Clinton asks Congress for the $3.5 billion for the IMF that the
>>House rejected at session's end, Congress should just say no. If it does
>>and check-mates Robert Rubin so he cannot bail out transnational
>>corporations and investment banks with Treasury funds, the hollowness,
>>fraudulence and bankruptcy of the Global Economy will be exposed for all
>>the world to see.
>>
>>The third event was the U.N. Security Council's craven response to
>>Saddam's humiliating ouster of American members of the U.N. team
>>searching for his hidden terror-weapons. France, China and Russia all
>>oppose U.S. military action, and our Arab allies have defected. With the
>>exception of the British, the United States stands alone in the Gulf.
>>
>>What does this portend? Not only is the mighty coalition George Bush
>>assembled to win the Gulf War ancient history, his dream of a New World
>>Order where the United States -- aided by allies and sanctioned by the
>>United Nations -- would police the planet, arresting outlaws and
>>renegades, is dead. As dead as Woodrow Wilson's League of Nations, as
>>dead as FDR's dream of the Four Policemen -- America, Britain, Russia and
>>
>>China -- patrolling the post-fascist world.
>>
>>What then has autumn wrought? It has brought to an end the liberal
>>illusion of a Global Economy of ever-soaring prosperity and exposed as
>>risible all that neo-conservative blather about a time of America's
>>"global hegemony." The New World Order evanesces as the old world of
>>nation-states reappears. Multilateralism has been discredited; a new era
>>of American unilateralism is upon us. That is the message of this
>>historic autumn, and the look of bewilderment on the face of our
>>one-world president says it all.
>>
>>c Patrick J. Buchanan
>
<snip>
===========================================================================
Paul Andrew Mitchell, Sui Juris : Counselor at Law, federal witness 01
B.A.: Political Science, UCLA; M.S.: Public Administration, U.C.Irvine 02
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_____________________________________: Law is authority in written words 09
As agents of the Most High, we came here to establish justice. We shall 10
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