U.S. Economy Teetering House Of Cards


	U.S. Economy Teetering House Of Cards

orgone_bosco

6-15-2008 8:42 PM

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orgone_bosco says:

Thank The Bush Administration's Following The Global Elite's Order To Invade And Occupy Iraq. This Is Their Plan To Bring America Down. Read Ron Paul's New Book, Revolution.

Paul Craig Roberts was Assistant Secretary of the Treasury in the Reagan administration. He was Associate Editor of the Wall Street Journal editorial page and Contributing Editor of National Review. He is coauthor of <http://www.amazon.com/exec/obidos/ASIN/0307396061/counterpunchmaga>The Tyranny of Good Intentions.He can be reached at: <mailto:aulCraigRoberts@yahoo.com">PaulCraigRoberts@yahoo.com>aulCraigRoberts@yahoo.com">PaulCraigRoberts@yahoo.com

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/766ace23-70a3-49b8-929a-87c381881774/2D5E0E8E-A25D-47D7-94E9-CEC3280473A7/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://rense.com/general82/whyi.htm" href="http://rense.com/general82/whyi.htm" style="font-size: 11px;">rense.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://rense.com/general82/whyi.htm"><FONT size="+4">Why Oil Prices Are So High
</FONT></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://rense.com/general82/whyi.htm"><FONT size="+2">A Weak Dollar, Bad Fed Policies and Hedge Fund Speculators</FONT></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://rense.com/general82/whyi.htm">
  By Paul Craig Roberts</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://rense.com/general82/whyi.htm"><FONT size="+1">How to explain the oil price? Why is it so high? Are
    we running out? Are supplies disrupted, or is the high price a reflection
    of oil company greed or OPEC greed. Are Chavez and the Saudis conspiring
    against us?</FONT></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://rense.com/general82/whyi.htm"><FONT size="+1">In my opinion, the two biggest factors in oil's high
    price are the weakness in the US dollar's exchange value and the liquidity
    that the Federal Reserve is pumping out.</FONT></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://rense.com/general82/whyi.htm"><FONT size="+1">The dollar is weak because of large trade and budget
    deficits, the closing of which is beyond American political will. As abuse
    wears out the US dollar's reserve currency role, sellers demand more dollars
    as a hedge against its declining exchange value and ultimate loss of reserve
    currency status.</FONT></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://rense.com/general82/whyi.htm">There are other factors affecting the price of oil. The
    prospect of an Israeli/US attack on Iran has increased current demand in
    order to build stocks against disruption. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://rense.com/general82/whyi.htm">This crisis will eliminate</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://rense.com/general82/whyi.htm">US as a world power.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/2D5E0E8E-A25D-47D7-94E9-CEC3280473A7/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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