Thursday, August 9, 2007

Who Controls the U.S.'s Foreign Policy? Its Bank, of Course...China (must read)

"No country on earth, except for Israel, supports the Bush regimes’ desire to attack Iran. It is China’s decision whether it calls in the US ambassador, and delivers the message that there will be no attack on Iran or further war unless the US is prepared to buy back $900 billion in US Treasury bonds and other dollar assets."
Paul Craig Roberts: Digging a Hole to China

Please read this article if you'd like to understand the financial position of the U.S. The author is not a Bush-hating liberal. Paul Craig Roberts was Assistant Secretary of the Treasury in the Reagan administration. He was Associate Editor of the Wall Street Journal editorial page and Contributing Editor of National Review. He's just a guy that understands that when you go in debt, you're not free. You act at the behest of your bank. He understands that we are not more safe as a result of Bush's policies, we are less safe.

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1 comment:

Anonymous said...

From the article:

"...Product into Chinese imports, and it was the “free trade, free market economists” who egged it on.

How did a people as stupid as Americans get so full of hubris? "

To sum up, Americans are stupid, the neocons are stupid, and free trade got us in this mess.

I think that he is casting blame a bit farther than the Bush administration.