Tuesday, February 08, 2005

The Coming Bush Economic Collapse

Some interesting thoughts from The Peace Table

Famous writer Seymour Hersh said in an interview, “It's going to go very bad, folks. You know, if you have not sold your stocks and bought property in Italy, you better do it quick. Europe, Europe is not going to tolerate us much longer. The rage there is enormous. I'm talking about our old-fashioned allies. We could see something there, collective action against us. Certainly, nobody - it's going to be an awful lot of dancing on our graves as the dollar goes bad and everybody stops buying our bonds, we're spending $2 billion a day to float the debt, and one of these days, the Japanese and the Russians, everybody is going to start buying oil in Euros instead of Dollars. We're going to see enormous panic here. The damage the Bush free-falling Dollar policy is doing is enormous.”