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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (28347)	2/2/2003 5:07:48 AM
From: KyrosL	Read Replies (1) \| Respond to of 74559

It's the oil stupid! Not you stockman_scott, the author of the article. Kyros

To: stockman_scott who wrote (28347)	2/2/2003 2:22:26 PM
From: Gary H	Respond to of 74559

indymedia.org Synopsis: It would appear that any attempt by OPEC member states in the Middle East or Latin America to transition to the euro as their oil transaction currency standard shall be met with either overt U.S. military actions or covert U.S. intelligence agency interventions. Under the guise of the perpetual war on terror the Bush administration is manipulating the American people about the unspoken but very real macroeconomic reasons for this upcoming war with Iraq. This war in Iraq will have nothing to with any threat from Saddam old WMD program. This war will be over the global currency of oil. Sadly, the U.S. has become largely ignorant and complacent. Too many of us are willing to be ruled by fear and lies, rather than by persuasion and truth. Will we allow our government to initiate the dangerous pre-emptive doctrine by waging an unpopular war in Iraq, while we refuse to acknowledge that Saddam does not pose an imminent threat to the United States? We seem unable to address the structural weakness of our economy due to massive debt manipulation, unaffordable 2001 tax cuts, massive current account deficits, trade deficits, corporate accounting abuses, unsustainable credit expansion, near zero personal savings, record personal indebtedness, and our dependence and over consumption of cheap Middle Eastern oil. How much longer can we reliably import our oil from middle eastern states that dislike or despise us because of our biased foreign policy towards Israel? whatreallyhappened.com “They talk about the effects of a stock market crash on the economy, the crisis in investor confidence, blah blah,” he said mockingly. “Let me tell you, without a steady supply of oil, the economy would STOP.” His words created vivid imagery of society at a standstill, like a scene in a 1950s sci-fi movie. “Believe me,” he assured, “there’s no politician on earth who would let that happen—no matter what the cost.”