Tag Archives: US Debt

War Balances Books

(Excerpted from Chapter 12: The Gulf Oil War: Big Oil & Their Bankers…)

The record profits accrued by US corporations as a result of the Gulf War also served to offset the imbalance in US/GCC trade created by GCC oil revenue. Continue reading

US Should Cancel Federal Reserve Debt

2006 - 37 Costa Rica - Heridia - September - Mercado CentralOne morning not so long ago President Obama announced a pay freeze for two million federal employees, warning Americans that this is the first of many difficult decisions to be made to slash the nation’s mounting deficits. Continue reading