DUBAI IS BROKE AND ITS ARAB NEIGHBORS WON’T HELP OUT
To all those stupid European banks that decided lending to Dubai was a good deal, it will turn out even rougher for them than the financial institutions caught up in the sub-prime collapse. At least governments bailed out those banks hit hard by the October 2008 meltdown. Dubai is another matter. The towel head who [...]
WHEN WILL WE REALISE DEALING WITH PAKISTAN, AFGHANISTAN AND IRAQ, IT IS ALL ABOUT DECEPTION
We are wasting huge resources, especially American lives, maintaining a military presence in Iraq and Afghanistan. The Middle East has been a basket case since the fall of the Ottoman Empire nearly 100 years ago. The States could remain in the region for the next five hundred years and still achieve nothing. Every country of [...]
GEITHNER ON A MISSION SUCKING UP TO THE CHINESE
With China claiming they are so worried about the value of its roughly $1.4 trillion of treasury bonds, and the mood of the Federal Reserve to print money to solve our economic ills, if I were Timothy Geithner, I would have asked Ben Bernanke to have cranked up the printing presses and dispatched a shipload [...]
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