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Jan. 12, 2007 News media is not as effective regarding the control of world events as is the banking industry. Every day there are news stories and opinion pieces denigrating George W Bush and his Iraq policy. No matter what the polls say he carries on regardless. Blair has been lower in the polls longer and still he caries on. News media can influence the voting pattern but someone must have voted for Bush and are not likely to have subscribed to the popular press if they always disagree with it. You cant keep saying that only CEO's and the Evangelists voted him in ,after all you need at least 30% of the vote to get elected. Who carries more clout than the media; the banking industry after all they have to accumulate the cash, which the government taxes in order to carry on these worldwide adventures. Without going into boring statistics how does a nation survive after expending so much of its income waging war all around the world? The US, like its predecessor Great Britain, wages war while mired in debt. Great Britain's debt during the eighteenth and nineteenth century was the joke of the world, any one wanting an analogy usually quoting the size the debt in much the same way we compare say the sizes of CEO's salary with that of the workers. At the end of the Napoleonic wars Britain assisted the Europeans to get on their feet by loaning money which they themselves had borrowed, dictating terms of peace alongside the repayment conditions. How did she manage to borrow such large amounts? Well through the medium of future debt. After the South Seas banking fiasco in order to stabilize the currency she issued bonds, which were repayable over a long period of time. Eventually they were for 100 years and eventually there was no fixed repayment period but still they were snapped up. Why? Well at a time of uncertainty one could always rely upon the British bonds to keep their value even if you were not sure when you would get repayed. These now were termed British Consuls. Why would any one buy them if they couldn't use them in their own lifetime? They were used as a means of exchange a Consul always redeemable at face value. These instruments were bought by customers all over the world and allowed the British to wage war all over the world. It must be assumed that the ones one bought them knew this and so were in effect voting in favor of British policy. What has this to do with the US? Well the US is also greatly in debt and also wages war all over the world. In this case the method with which the world community votes for the US is by buying US treasury bills, (T bills).
We hear a lot of heated rhetoric on the airwaves and in the press but that is all it is, an excuse for children who are to young to partake in adult business to play act. If the world was really against US policy it would stop voting for it by refusing to buy T BILLS.
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