Sometimes I wonder if there is an element of deliberate economic warfare in this:
OPEC countries gouge the US on oil
China steals US intellectual property and plunders our manufacturing base.
The US, in turn, lends trillions to Americans, inflates the value of our housing stock, packages the mortgages into financial instruments, and sells them at hugely inflated prices to OPEC and China.
Wednesday, March 19, 2008
It's deliberate
A very insightful comment by Rick on Mark Shea's blog:
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