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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Little Joe who wrote (9473)3/5/2004 3:35:16 PM
From: Raymond Duray  Respond to of 110194
 
Joe,

Thanks for the honest reply. Hearsay, market rumors and spin are things I love to keep in perspective.

A few decades ago, the U.S. government murdered 3.4 million innocent people in part based on a market rumor about oil. Specifically, while Lyndon Johnson was lying to Congress and the American public in order to get a Gulf of Tonkin Resolution which permitted an illegal war, the Chevron Corporation was signing a fraudulent contract with the French legation in San Francisco granting leasehold rights to Chevron for oil production off Haiphong Harbor, North Viet Nam.

Due to circumstances beyond their control, Chevron wasn't able to steal these dreamed-for Vietnamese assets. And within the past two years, the speculation about an oil bonanza in the coastal waters off Viet Nam have largely been put to rest due to failed exploratory wells, except in the disputed waters surrounding the Spratley Islands.