Monday, June 7, 2010

Geithner seems a bit confused

He wants our foreign trading partners to stimulate.  The problem is they cannot stimulate, because Tim Geithner has been promoting Congress to spur the US demand for oil.  We used up the surplus oil that the crash had recovered, and there is currently not enough oil for other nations to stimulate.

The real competition here is American's willingness to use police forces to extract oil debt payments from their citizens as Congress burns oil recklessly.  As long as Congress is willing to seize American property to invest in OPEC oil imports, then foreign trading partners will see opportunities to lend money to us.

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