Evil Russians and other stuff

I am currently reading a great book by the title, Meeting the Shadow - The hidden power of the dark side of human nature. The basic concept based on G.G. Jung is that to define the ego in the process of development and individuation certain aspects of the self need to be repressed due to personal environment, ethics, morals, etc. The unwanted parts are in us as well but repressed. Too much repression or denial of the dark side make them develop a life of their own and the dark side appears in "irrational" or evil acts. Or another mechanism is to project the evil onto the outside. Especially prevalent in Christian (the pure good) culture, the evil is projected to the outside such as axis of evil or Iraq in recent history or the holocaust. There is an individual and a collective shadow and as history has shown individuals can take on the collective shadow and lead it to destruction and terror.

A good example of how the projections (mostly unconsciously) work is the following article. Communist, power greedy Russians are looking to nationalize companies. They bad - we good. They only see it outside because they have it but deny it inside not even noticing that exactly the same thing happens at home.
http://www.iht.com/articles/2008/12/07/europe/08kremlin.php?page=1

The same thing can happen with Obama. Someone has to be the scapegoat for the depression. I would think it will be the Chinese more than Arab countries. It all happend because the Chinese depreciated their currency.
http://www.telegraph.co.uk/finance/economics/3546471/Chinese-economy-1930s-beggar-thy-neighbour-fears-as-China-devalues.html

Who will be buying all the USD if the petro dollars need to be used to bail out neighbours and the Chinese are spending their trade surplus on their own stimulus and want to reduce their USD holdings?
http://www.spiegel.de/international/business/0,1518,594368,00.html

And if the US can source all the funding they need how much will there be left for developing countries?

http://www.ft.com/cms/s/0/7b29a13e-c22a-11dd-a350-000077b07658.html

And in Europe?

Trichet thinks the Euro will hold up against hitting a bump disputing Friedman's predictions. I beg to agree with Friedman and see the problem starting in Austria. The exposure of Austrian banks to Eastern European countries is 85% of its GDP (Euro285bn in 2006) and leverage in the vicinity of 1:40. Loans are largely in USD and Euro with local currencies depreciating and faltering economic growth. I wonder whether countries like Greece, Portugal or Spain are willing to bail out Austria, while they will be needing money for themselves. We have not hit the bump yet. Good night and good luck.

http://www.bloomberg.com/apps/news?pid=20601087&sid=arCqnv0hrrpc&refer=home

And why do people think that the worst is over because the USD is now stronger. This only aggravates the situation and will prompt more inflationary policies. And a strong dollar is not going to last anyway.

http://www.reuters.com/article/newsOne/idUSTRE4B36WI20081204

There is an Austrian saying "Pride goes before the fall". The new self assumed gods of finance, Ben Bernanke and Henry Paulson will learn that their presumed salvation to the detriment of the individual will go down in history as the greatest act of hubris ever committed in American history.

Really like this cartoon about how swift economists are: