Posted on 05/23/2011 11:28:12 AM PDT by mojito
Just because the US is having so much success convincing the world its debt is...good,...the good old US of A has now decided to backstop the debt of...Egypt. Bloomberg reports: "Egypt plans to raise $1 billion by selling Eurobonds this year to diversify borrowing and finance a widening budget deficit after its economy was rocked by the worst political crisis in 30 years. The five-year bonds will be backed by a U.S. sovereign guarantee, Finance Minister Samir Radwan said by telephone from Cairo today...President Barack Obama promised last week $2 billion in loan guarantees and debt forgiveness." And when it comes to Uncle Sam giving his assurances to the developing world, size does not matter: "The size is not significant but the backing from the U.S. will help raise the money at a relatively inexpensive cost." Uh, should Congress perhaps have something to say about the fact that America is now somehow the guarantor of recently revolutionary African countries?
(Excerpt) Read more at zerohedge.com ...
What a fine investment. What could possibly go wrong?
Oh Goodie! I can’t wait for Arab Winter?
I don't think the Brits have been repaid for guaranteeing Mehmet Ali's debts yet.
Our capital is being shipped to our enemies by our politicians, both those who do it and the cowards who don’t even make a show at attempting to stop them.
Just watch. Once they have the cash, Egypt will break their treaty with Israel. And the great emasculated 0ne will say nothing.
They pulled an ACORN change of name.Nothing to see here move along.
IMPEACH OBAMA NOW!!! His crimes make Bill Clinton and Richard Nixon look like innocent children by comparison. If ANY president deserved/earned impeachment, Obama HAS to be at the top of the list.
OH... sorry - I must be racist....
The only way that that billion dollars is a good investment is if it’s used to buy missile insurance on the Aswan Dam.
The Democratic (socialist) Party of America is funding the killing of Egypt’s Christians and soon the money will go to support attacks on our most recently betrayed ally, Israel, too.
Ping!
Thanks for the heads up houeto...
The list, ping
Let me know if you would like to be on or off the ping list
It is not.
But Congress abdicated its authority by letting the FED supply us with our OWN money, on which we pay taxes, and is how we got the income tax.
There is nothing Constitutional about it since 1913!
Congress HAS the Constitutional authority to give us SOUND money. And won’t do it.
Traitors, all of them.
on which we pay taxes,
that should read,
on which we pay interest,
And, as we speak, an entire American town has been wiped out by a tornado and is in need of about ...a billion dollars no doubt.
There just does not seem to be any justice these days.
Good! May i use this elsewhere?
http://www.guardian.co.uk/commentisfree/2011/may/05/fatah-hamas-accord-eyes-cairo
http://sweetness-light.com/archive/obama-gives-hamas-400-million-in-aid
and here we sit with NO Ronald Reagan in the wings just champing at the bit to straighten out this gawdawful mess.
I’d bet if Sarah did run, and IF she won the voting idiots would give her a Democrat majority Congress.
Ah me of little faith....
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