Posted on 04/14/2008 7:59:20 AM PDT by BGHater
Sounds like the book of Revelations and the harlot dressed in purple and scarlet that sits atop the beast of seven kingdoms.
How about Russia in that line of thinking? They also have their own energy supplies in vast abundance while our politicians poo-poo coal liquification in the name of global warming avoidance.
They are number two and the reason they aren’t number one is because they are a massive IMPORTER, kind of like we are now. Interestingly, we are going through an asset depreciation/inflation period just like the Japanese in 1990’s. Is it coincidence we build very little and import almost everything?
If the US did what you suggest, the targeted governments would start spending the greenbacks they hold in reserves, while not purchasing any new US financials, which creates a one-way wealth transfer - The liquidation of US assets to cover other countries bills.
That’s how money works. Inescapable law of monetary economics #1.
Good point.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.