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Politics : Stockman Scott's Political Debate Porch

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To: longnshort who wrote (51460)7/20/2004 3:08:48 PM
From: Jim Willie CB  Read Replies (3) of 89467
 
strong parallels between pre-Hitler Germany and US-Iraq

this might be over the head of most history-deprived Bushy Boys
/ jim

Disturbing parallels are emerging in the geopolitical and financial fronts between the United States and Europe, when viewed from a pre-WW2 perspective. The strange invasion/ annexation/ occupation/ marriage between the USA and Iraq harkens back to the Weimar Republic with several parallels, as the USDollar has taken on resemblance to the ReichMark. Old German debts were crippling after the Versailles Treaty in much the same manner that USA debts prevail today. Foreign-held USTBond debt has grown dangerously, with no end in sight. American debts are owed to overridden Europeans, infuriated Arabs, bewildered Japanese, and upstart Chinese. The final disposition of a whopping $80 billion in Baath Nazi debts to the French, German, and Russians, not to mention the USA, has yet to be settled by international creditors debating Iraq’s fate. Debt writedowns and forgiveness might be forthcoming, but commandeering of oil fields and managing Iraqi oil production reminds historians of resource seizure in the late 1920 decade.
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