Monday, February 12, 2007

How to stop Bu$hCo without firing a shot

Paul Craig Roberts sez: "Dump the dollar." The "old-school" conservative explains as follows:
The Bush Regime's ability to wage war is dependent upon foreign financing. The Regime's wars are financed with red ink, which means the hundreds of billions of dollars must be borrowed. As American consumers are spending more than they earn on consumption, the money cannot be borrowed from Americans.

The US is totally dependent upon foreigners to finance its budget and trade deficits. By financing these deficits, foreign governments are complicit in the Bush Regime's military aggressions and war crimes. The Bush Regime's two largest lenders are China and Japan. It is ironic that Japan, the only nation to experience nuclear attack by the US, is banker to the Bush Regime as it prepares a possible nuclear attack on Iran.

If the rest of the world would simply stop purchasing US Treasuries, and instead dump their surplus dollars into the foreign exchange market, the Bush Regime would be overwhelmed with economic crisis and unable to wage war. The arrogant hubris associated with the "sole superpower" myth would burst like the bubble it is.

The collapse of the dollar would also end the US government's ability to subvert other countries by purchasing their leaders to do America's will.

The demise of the US dollar is only a question of time. It would save the world from war and devastation if the dollar is brought to its demise before the Bush Regime launches its planned attack on Iran.
Can't put a price tag on the lives saved, of course. The economic turmoil that a dollar dump would create would pale in comparison to the massive death and destruction caused by a nuking of Iran (and let's say that even if limited to so-called "depleted uranium" bombs, the amount of radiation released into the atmosphere and groundwater would kill millions over time).

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