Global hedge funds are not the only byproducts of U.S. policy that are turning on their creator. The International Monetary Fund (created by the U.S. largely at the end of WWII and controlled completely U.S. finance as the world’s capitalist currency was pegged to the U.S. dollar until the early 1970s, when the acquisition of dollars by European and Middle Eastern interests made that impossible to continue) is now openly criticizing U.S. deficits, trade policy, and for that matter, the lack of universal health care in the U.S.

Additional coverage:
Podcast #72 - A New Deal for America

PA Editors Blog

* No hobbits!
* National Call-in Day on Diplomacy with Iran
* C-SPAN Discussion of HR 676 Tuesday Night

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As few U.S. politicians understand, and as the insurance and pharmaceutical company health care complex goes to great lengths to keep them from understanding, the private insurance based health care system here ma

However much they may wave the stars and stripes, put it on their lapels, and smugly proclaim “support our troops,” the corporate leaders and reactionary politicians who continue to hail these policies are as much “patriots” as Batista was a Cuban patriot or Chiang Kai-shek a Chinese patriot. Those who denounce critics of U.S. imperialism as “unpatriotic” and” un-American” have in effect, as one post war German women said of the Hitler regime’s treatment of the German people and nation, treated the American people and nation as accomplices in a selfish and self-serving gang whose purpose was to control the wealth and resources of the world as if no one else mattered.

When the ship goes down, many leave but some grip on tighter and start clapping.