Article

2006-08-19 Terror Networks

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Posted by Uleresh Cheater1151 2006-08-19 05:17|| || Front Page|| [2 views since 2007-05-07] Top

#1 Recently, oil exporters of the Middle East have taken in around an extra $500 billion each year in windfall profits beyond the old lucrative income. It is one of the largest, most sudden -- and least remarked upon -- transfers of capital in history.

The last time this happened was in the late 1970s and we screwed OPEC and ourselves by inflating our currency. Could this happen again?

Posted by regular joe 2006-08-19 08:42|| 2006-08-19 08:42|| Front Page Top

#2 But in Michigan last week, largely Arab-American crowds chanted "Hezbollah" -- despite that terrorist organization's long history of murdering Americans.

Well that certainly wasn't pasted across the news was it?

Posted by JerseyMike 2006-08-19 10:01|| 2006-08-19 10:01|| Front Page Top

#3 What I'd like to see is a scheme by the Treasury to suddenly replace all the outstanding currency with an entirely different design of bill, inform the American Public that on a certain week all should bring in their old currency for exchange with the new.
No cost, no limit, no I.D. required,one-to-one exchange, after that week, the old stuff is toilet paper.(This idea comes from one of the old "Mission Impossible" scripts where they screwed a Thief into believing that such a currency exchange was taking place, got his loot and left him with worthless "Monopoly Money)

Note the only folks who get this exchange are American Citizens.

Screws Kimmie and his Superbills, all the Illegals and anyone too fearfull of a trap to come in, such as bank embezelers, CEO"s who have huge cash eserves hidden, etc.

Posted by Redneck Jim 2006-08-19 10:09|| 2006-08-19 10:09|| Front Page Top

#4 The last time this happened was in the late 1970s and we screwed OPEC and ourselves by inflating our currency. Could this happen again?

Technically. However, it would be suicide because it would start a major collapse of the world economy which would deflate oil prices way back down. We couldn't buy Euro or Chinese products, which would cut their flow of major currency and would mean they couldn't afford oil at the prices. Most of the oil producers economies are dependent upon that flow, very few have reserves that can last very long, at least long enough to await the decade(s) long rebuilding of the modern economy. Usually resulting in major unrest and instability within their own borders. We'd be hurt. They'd be destroyed.

Posted by Crush Spaising9877 2006-08-19 10:21|| 2006-08-19 10:21|| Front Page Top

#5 We'd be hurt. They'd be destroyed.

Ummm, I thought that was the whole idea?

Posted by Redneck Jim 2006-08-19 14:10|| 2006-08-19 14:10|| Front Page Top

#6 We'd be more than hurt, I fear. Forget oil -- many key commodities like tungsten (for which China is by far the main supplier for the last decade or more) are not found here in the States or are here in only very limited quantities.

Better IMO to bypass oil with new technologies and let the oil producers sink into economic irrelevance.

Posted by lotp 2006-08-19 14:19|| 2006-08-19 14:19|| Front Page Top

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