Strike The Root: Superpower or Superdebtor?

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June 08, 2004

Superpower or Superdebtor?

Rep. Ron Paul writes:

Round and round we go, and we never seem to learn. Regime change plans, whether by CIA operations or by preemptive war, almost always go badly. American intervention abroad – installing the Shah of Iran in the fifties, killing Diem in South Vietnam in the sixties, helping Osama bin Laden and Saddam Hussein in the eighties, and propping up dictators in many Arab countries – has had serious repercussions for American interests including the loss of American life. . . .

For now foreign governments are willing to loan us the money needed to finance our current account deficit, and indirectly the cost of our worldwide military operations. But economic law eventually will limit our ability to live off others by credit creation. Eventually trust in the dollar will be diminished, if not destroyed.

Mind you, there is no conspiracy between the Fed and our foreign policy. The world's evil-doers must be destroyed at all costs.

Posted by George F. Smith at June 8, 2004 10:06 AM

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June 08, 2004

Superpower or Superdebtor?

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