|
|
 |
|
Reply
| |
p.s. I saw the GOLD necklaces put around his neck, on TV and here in this photo too: It’s mornings like this, when I wake up hung-over to photos of the King of Saudi Arabia festooning our President with gold necklaces, that I reluctantly remember that I am an economist; and one with some responsibility to explain what the hell Bush is doing kissing Abdullah’s camel. Those bills in your billfold aren’t yours anymore. The landlords of our currency - Citibank, the national treasury of China and the House of Saud - are foreclosing and evicting all Americans from the US economy. Let’s begin by stating why Bush is not in Saudi Arabia. Bush ain’t there to promote ‘Democracy�?nor peace in Palestine, nor even war in Iran. And, despite what some pinhead from CNN stated, he sure as hell didn’t go to Riyadh to tell the Saudis to cut the price of oil. What’s really behind Bush’s hajj to Riyadh is that America is in hock up to our knickers. The sub-prime mortgage market implosion, hitting a dozen banks with over $100 billion in losses, is just the tip of the debt-berg. Since taking office, Bush has doubled the federal debt to more than $5 trillion. And, according to US Treasury figures, on net, foreign investors have purchased close to 100% of that debt. That’s $3 trillion borrowed from the Saudis, the Chinese, the Japanese and others. It’s the price paid to buy back our money from abroad that’s killing us. Despite the Koranic prohibition on charging interest, the Gulf princes demand their pound of flesh, exacting a 7% payment from Citibank and 9% from Merrill. That hefty interest bill then pushes adjustable rate mortgages into the stratosphere and pushes manufacturing into China by making borrowing and energy costs impossible to overcome. Forget the cost of health care: General Motors�?interest burden quintupled in just two years. |
|
 First
Previous
2 of 2
Next
Last
|
|
Reply
| |
G.W.Bush wants to stay in Iraq, "100 years, is okay by him", as said (echoed) by John McCain, the new Republican front runner and nominee for Republican Presidential hopeful. McCain, who was sorry that the U.S. ever left Vietnam, saying we should have stayed, even up to today, says the same about Iraq, that we should stay, regardless of the bankrupted economy of the U.S. and regardless that we already are spending 3BILLION U.S. dollars per week (2Billion known U.S.dollars and another 1Billion, unreported U.S. dollars)......approx. over 1 Trillion in Debt now,since the Clintons left office in 2000., and the so-called, Conservative G.W. Bush took over. He cites, Al Quaida in Iraq, who of course was never there, prior to G.W.Bush invading Iraq, and destabilizing the entire country & region. NOW, Iraq, is very friendly with Iran, (part of the destabilization) and the Iranian President, just finished up a friendly get together with President Maliki, in Baghdad.,both of course, would love to get rid of the American presence, or the "occupiers" of their country. But meanwhile, the destabilization gets worse each and every day. Here is today's news: BAGHDAD �?nbsp; Two bombs went off within minutes of each other in a crowded shopping district in the capital Thursday, killing at least 53 people and wounding 130 �?a reminder that deadly attacks are a daily threat even though violence is down. There were no immediate claims of responsibility. But back-to-back bombings �?designed to maximize carnage �?became the hallmark of attacks on civilians by Al Qaeda in Iraq during the worst of the violence in Baghdad in 2006. (Note : yes Al Q IS in Iraq NOW, thanks to our destabilizing that region, but since t hey are also in Pakistan, and we are not occupying Pakistan, we need to "get the hell out" now, and leave that new government, to their own devise. IMO.) |
|
|
|
Free Forum Hosting
Important Announcement
