~~By InsightAnalytical-GRL
Truth is Gold had a really excellent post up on Friday called Lest We Pay the Price Too Dear…Learn From History!
An excerpt, with permission:
I cross post today an urgent message, gleaned from three very well informed journalists who know their history well. Urgency dictates that I introduce them and furnish you with the links from which to read their messages in entirety.
The first, by Eric Margolis, reminds us of Afghanistan’s solid history of making mincemeat out of its invaders, from Alexander the Great in 327–325 BC, to the Soviets in 1989, disasters all.
http://www.lewrockwell.com/margolis/margolis138.htmlIn the second, Kevin Barrett reveals in OpEdNews’s “Obama: Political Messiah, or Just Another Third World Dictator?” the facts behind the most recent resident of our White House and cites Webster Tarpley’s work in detail, Tarpley being among the foremost political and historical researchers of our time. Further research has substantiated the fact that indeed, Tarpley’s work is almost faultless in terms of his list of players and the historical context in which they exist.
The third of this terrifying trilogy is Christopher Bollyn’s work on Obama’s new budget director Peter R. Orszag.SNIP
Orszag, for example, could start by explaining exactly what happened to the Icelandic economy. Orszag was, after all, the founder and president of the economic consultancy firm which advised the Central Bank of Iceland – before it went bankrupt. How did Icelandic banks become so indebted? Ask Peter Orszag.
MORE
Read the whole post. Read about his links to Robert E. Rubin, Clinton’s Secretary of the Treasury and recently resigned head of Citigroup. It isn’t looking good…
By the way, the Central Bank of Iceland just hired an interim governor, an economist from Norway. One of the former governors of the CBI who was asked to resign has been offered a job at….the Norwegian Central Bank. And, a possible snag?
“Law professor Sigurdur Líndal told Fréttabladid that he doubts a foreign citizen can be hired to the position, explaining that the constitution states that no one can become a public official in Iceland without holding the Icelandic citizenship.”
Central Bank of Iceland
There’s that “citizenship thing” again…
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Here’s some more news that will cheer you up…not. Let’s catch up with some of China’s latest moves. How will this play out?
First, China is on the prowl, looking to buy foreign oil companies. From The Telegraph:
CHINA PREPARES TO BUY UP FOREIGN OIL COMPANIES
China is preparing to open a new phase in its race for the world’s resources by using its huge currency reserves to buy foreign oil and gas companies.
SNIPA conference of officials from the National Energy Administration has agreed to consider establishing a special fund for China’s state-owned companies to buy oil and gas firms overseas. The beneficiaries would be the Beijing’s three giant energy companies – Petrochina, Sinopec and CNOOC.
SNIP
The possibility of a Chinese state subsidy for overseas acquisitions may ring alarm bells in Western economies. Four years ago, CNOOC tried to buy an American oil company, Unocal, and succeeded in outbidding its main US rival. But the Chinese firm eventually withdrew its offer amid opposition from American Congressmen. They opposed the idea of a private US firm falling into the lap of a state-owned company, bankrolled by the Chinese Communist Party.
This time, China may calculate that Western governments are in a weaker position to object. They are, after all, spending billions on taking over their own companies, notably the banking sector.
MORE
More background on China’s increasingly bold investments abroad.
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And what’s this? SPIKING DEATHS IN AFGHANISTAN??
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While visiting RBO, I happened to see this ANNOUNCEMENT about America’s new name, Barackistan.
Any questions?
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Signing off from Free America…where we’re still “thinking freely”…
THE PAST WEEK
*By Kenosha Marge
Saturday Sanity: The Antidote to the Madness–the Garden Waking Up! (Pic Heavy)
Obama Energy Plan Includes Nano-Generators That Bite
Canadian Banks On the Move Buying U.S. Banks While Bailout Recipient AIG Sells Canadian Life Insurance Business to Bank of Montreal (”Picking over the Carcasses”)
A Giant White Rabbit in Britain Reminds Us How “Logic and proportion have fallen sloppy dead”…
The SCANNER–International/Political Edition, 2/24/09 (Which Deficit is Obama “Halving”?; Canada Rubs U.S. Nose into Its Stable Banking System; GM/Chrysler Beg for Bailout Help in Canada, Too; Half of Foreign Criminals in Canada Are Fleeing to the U.S. [???])
*Maudlin Mawkishness in the Age of the Gush
The Past Week: February 15-21, 2009 (”Efficiency” Experts Michelle and “3-Card Monte” Barack Obama…Michelle’s Legacy at U of Chicago Hospital Under Fire by ER Physicians; Hubby Plans to Halve the Deficit via “Efficiency” (Among Other Things…); Spring Garden Prep!
Filed under: Current Politics | Tagged: Barackistan, Barackistan HQ, Barackistanis, Baracus Hubris Maximus, Central Bank of Iceland, China, China buying gas companies, China buying oil companies, China's currency reserves, China's National Energy Administration, Christopher Bollyn, Cinie's World, Citigroup, CNNOOC, Erico Morgolis, Grail Guardian, InsightAnalytical, Kevin Barrett, Laura Bush, Lew Rockwell, MIchelle Obama, Peter R. Orszag, Petrochina, Public service announcements, RBO, Real Barack Obama, Robert E. Rubin, Sinopec, SNIPA, Truth is Gold, Unlocal, Webster Tarpley | 12 Comments »