US "domestic courts" pervasively involved in regulating transnational activity ;

Big deal, hmm?

Why should you care if domestic/US courts have
some legal impact on the "transnational activities"
of people or places outside our national borders?

The answer is that principles used to justify the
domestic courts of "United States" to affect the
people and places of foreign countries, are almost
certainly the same principles that allow the de facto
courts of "this state" to claim authority over the
de jure people and places of The United States
of America (including The States of the Union)
http://adask.wordpress.com/2010/08/18/domestic-courts-and-global-governance/

No American politician-
especially in an election year-
will recommend that voters consent
to "austerity" (a lower standard of living
while we repay existing debts).

Instead, rather than embrace fiscal responsibility
and austerity now, America will continue going as
deeply into debt as is possible in order to maintain
the illusion of our "consumer" lifestyle.

We know it's stupid, but we are desperate,
so we will, in effect, use our Master Card to pay
off our Visas to pay off our American Express.

We will not admit that we are bankrupt (unable
to produce as much as we consume) so long as
there is one more foreigner out there foolish
enough to lend us more credit.

But our illusion of the "good life"
based consumerism rather than productivity
will die when foreigners finally wake up, turn
off the credit supply and demand to be repaid.

At that point, America's money supply should
deflate as dollars are shipped overseas, and our
current decline could become an economic collapse
http://adask.wordpress.com/2010/08/22/foreign-debt-causes-domestic-deflation/