Now, Bush, the Debt Junkie-in-Chief, needs another fix. George Bush didn’t go to
Bush needs the Saudis to charge us big bucks for oil. The Saudis can’t lend the US Treasury and Citibank hundreds of billions of US dollars unless they first get these US dollars from the
The US Treasury is not alone in its frightening dependency on Arabian loot.
Despite the Koranic prohibition on charging interest, the Gulf princes demand their pound of flesh, exacting a 7% payment from Citibank and 9% from Merrill. As the great economist Paddy Chayefsky wrote in the film The Network:
“The Arabs have taken billions of dollars out of this country, and now they must put it back. … It is ebb and flow, tidal gravity…. There are no nations, there are no peoples. There is only one vast and immense, interwoven, multi-national dominion of petro-dollars. … There is no
[Excerpt from commentary by Greg Palas, author of The Network: The World as a Company Town]