This boys and girls is bad news.

Chavez: Venezuela Moves Reserves to Europe

September 30, 2005 01:50 PM ET
http://www.businessweek.com/ap/financialnews/
D8CUNLQO0.htm?campaign_id=apn_home_down&chan=db

(In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.)

"CARACAS, Venezuela (AP) - Venezuela has moved its central bank foreign reserves out of U.S. banks, liquidated its investments in U.S. Treasury securities and placed the funds in Europe, Venezuelan President Hugo Chavez said Friday..."

What this means is that the U.S. is starting to be seen as a 'Bad Investment'. Venezuela will not be the last to pull their money from U.S. banks. If there is a run on the U.S.Banks, the entire economy will collapse. It takes BILLIONS of dollars each and every day in new investments just to keep this economy solvent. Once other nations see that the U.S., principally the Bush Administration, is no longer a good investment, they will pull out too. It won't take much to collapse this economy due to the Bush Administration horrific management policies and practices.

Bush has driven this nation from the largest creditor nation to the largest debtor nation in history.

Do You Understand That?

The implications of that alone are staggering. How did intelligent human beings allow this kind of madness into the government? What possible rationale would allow the likes of George W. Bush and his ilk to get control of this country? The United States of America, the largest economy in the world, the veritable linchpin of the world economy is poised on the brink of absolute failure. How fucking unbelievable is that?

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The U.S. will be an increasingly bad financial risk due to the impact of Hurricanes Katrina and Rita on the Gulf Oil Platforms and Rigs.

No easy fix for Rita-damaged oil works

Report: Problems getting workers, helicopters, equipment slowing repairs to offshore production.

September 30, 2005: 6:58 AM EDT http://money.cnn.com/2005/09/30/news/economy/hurricane_repairs/index.htm

"..The federal Minerals Management Service reported Thursday that about 99 percent of oil production in the Gulf, or about 1.5 million daily barrels, remains shut down, while about 80 percent of natural-gas production, or nearly 8 billion cubic feet of gas a day, remains shut..."

(quotes: FROM THE WILDERNESS. COM)


Lastly, we have the impact, not of peak oil, but of foreign policy. The Bush Administration has so absolutly alienated the Islamic World that this country stands to lose all influence with many nations. What that means is that the enormous boost due to cultural, technical, and scientific intermixing will be lost to this country. Or current world position is owed in no small part to the influx of students and researchers who migrated here from other countries.

A culture that has no new input, new blood, new ideas; who is not exposed to different perspectives and knowledge is a dying culture.

The Unilateralism course of George W. Bush coupled with the xenophbia of the Religious Right has made this nation a pariah nation. As we continue to kill, maim, manipulate and steal from other nations the U.S. grows more alone.

Read this great article in From The Wilderness.com


America Be Wary of the New Silk Road

By William O. Beeman,
Asian Week
Aug 26, 2005
http://news.asianweek.com/news/view_article.html?article_id=6bcb0e3
bcaac76765718033de6590b97&this_category_id=172

(In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.)

"As the United States greets the Islamic world with increasing fear and hostility, China is embracing it with an astonishing enthusiasm, and young Muslim youths are responding in increasing numbers –– in effect, creating a modern Silk Road culture..."

"...As human ties strengthen, the natural resources of the Middle East and Central Asia will increasingly flow to China, rather than the West. The cross-fertilization of cultures that once made the Silk Road the economic engine that ran the world is about to be reborn, and the United States and its allies are in danger of standing on the sidelines watching the caravan move on."