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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Sidney Reilly who wrote (117608)	10/24/2003 10:34:53 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 281500

What troubles me is that Saddam used to be in favor with the US. Let's see.. How long was Saddam "in favor" with the US? Maybe 1-2 years (in the early 1980s)? And how long was he in favor with the Russians and French?? 30 years+?? We have a few trips by Donald Rumsfeld in the early 80's are Reagan's representative, versus Jacques Chirac, the man who sold Saddam his nuclear reactors back in the 1970s (and one of the few people with whom Saddam had his photo taken on foreign soil).. Now you tell me who we should be more concerned with? You bet there's a clash of interests at play here. And the question is who has more interest in supporting Al-Qaeda and other militant groups in the Mid-East? Or are they physical manifestations of Arab elitists seeking to forcefully unify the Arab world under one authoritarian/totalitarian regime? We can't afford to be the world's policeman. Sure we can. We haven't even reached the highest percentage level of economic deficit that occurred after the recession of the 1980s. In fact, some opine (including myself) that in times of recession and stock market collapses, it's important for the government to provide an alternative source of investment instruments (national debt), in order to prevent national(global?) divestment to cash, or ultimately gold. Otherwise, what would have happened to those hundreds of billions in capital fleeing the equity markets if it didn't have sufficient T-bonds to flee into? And those investors make a nice chunk of change in bonds.. But take a look at any chart of the US Dollar index: futures.tradingcharts.com You will see that as the stock market bubble collapsed in 2000, capital fled into the US Dollar, as well as into US bonds... Furthermore, you have various exporting nations seeking to preserve their favorable currency ratios by purchasing US dollars and T-bills. And some opine that Bush is waging a form of economic warfare through the currency markets. After all, if Europe is not going to provide any assistance related to Iraq, then why should the US prop up the US dollar, thus making their goods less expensive here than domestically manufactured goods? If a Dem had done what Bush has done there'd be impeachment hearings. Since when has Bush lied under oath? Hawk