Originally Posted by
AuGmENTor
Greg Palast: That one I checked out. It doesn’t float, because it was George Bush himself who is trying to push the Euro up. Bush has been trying to push the Euro big time.
BuzzFlash: Why is that?
Greg Palast: Because he’s trying to devalue the dollar. When we talk about revaluing the Chinese currency, you mean devaluing the dollar. Very, very important to Bush to dump the dollar. His cronies are trying to evacuate the United States financially, and that’s what privatization of Social Security is about as well. It’s about getting dollars out of this country, and so we devalue the dollar. That devalues the debt held by these guys. It raises our interest. It kills our pension funds and our economy is slowly dying off.
BuzzFlash: Why do they want to do that?
Greg Palast: There are a few reasons. One, higher interest rates as well as high oil rates have completely demolished the auto industry. General Motors is heading right into bankruptcy. High oil rates have also demolished the airline industry while enriching the oil companies, and the high interest rates have enriched the banks.
That means basically the Democratic stronghold industries - the last unionized industries in America, which are auto and airlines – are going down. In other words, "Mission Accomplished." Money is flowing into Houston. We pay three bucks a gallon for gas, and they collect it. Mission accomplished. Oil’s at $70 a barrel. Mission accomplished. The dollar’s down, and we are exporting a quarter trillion dollars a year to China in cash, so we could import their manufactured goods. That’s mission accomplished. The idea is that American capital is fleeing this country.
End Part I
Right there my friend