Posted by 64bowtie on December 25, 2004, at 23:46:22
Did you know that in order to honor our agreements with the Chinese and provide collateral for our burgeoning 2 trillion dollar debt to them as balance of trade (deferred) payments, the US was forced to make offers to avoid disaster? The administration turned over the mineral rights under National Parks in 4 western states; Idaho, Wyoming, Utah, and Colorado, as an offset to defer payments. Notice how the status of 192,000 acres of the 155 National Parks was just changed in the last couple of days?
So, it has begun. With our economy teetering on disaster, a depression like the 30s will return, brought on by collapse of the Saudi family and expansion of the war in Iraq to Iran, Syria, and Jordan. Banks will fail and the government will pull something like what Roosevelt pulled in 1933 by declaring weeks long “banking holidays". The US government was in default then. If we go into default in July or August 2005, next year, soon, by early 2006, the Chinese will be on our borders attempting to take possession of their mineral rights.
…and believe it or not, all this is followed by good news in 2008!!!
Rod
poster:64bowtie
thread:434187
URL: http://www.dr-bob.org/babble/social/20041217/msgs/434187.html