"So China is financing America's war," says Stiglitz.
So where is the problem? At the moment interest on US bonds is below US inflation. So the US may in the end with only paying a minor part of the cost of the war, and have the rest exported.

Another interesting interview at democracynow.org. This time with  Jeremy Scahill, who has written a book about blackwater. He sometimes seems to be a little bit overcritical, but in general it makes sense, what he says. Look here for the interview or here for his related article in "The Nation".

The interview starts with:
"Well, I started looking at Barack Obama and Hillary Clinton's Iraq plans, and one of the things that I discovered is that both of them intend to keep the Green Zone intact. Both of them intend to keep the current US embassy project, which is slated to be the largest embassy in the history of the world. I mean, I think it's 500 CIA operatives alone, a thousand personnel. And they're also going to keep open the Baghdad airport indefinitely. And what that means is that even though the rhetoric of withdrawal is everywhere in the Democratic campaign, we're talking about a pretty substantial level of US forces and personnel remaining in Iraq indefinitely."


Der Amerikaner ist die Orchidee unter den Menschen
Volker Pispers

by Martin (weiser.mensch(at)googlemail.com) on Thu Feb 28th, 2008 at 02:50:18 PM EST
Martin, Let's face it -- NONE of the American presidential candidates will back out of Iraq so soon. I don't for a second believe what Obama pledged in his victory speech in Texas that when he's president, he will end the Iraq war within the first year of his taking over.

When his advisers get to him, his military chiefs talk to him, the neo-cons stand against him, his rhetoric will folow the same path as that of McCain's, probably not for 100 years as McCain vows, but he will eventually say, America cannot, will not and mustn't not pull out of Iraq so soon.

Ending the Iraq war? OK, depends on what Obama means...

If however by "ending the Iraq war," Obama is referring to ending America's/US troops' participation in warring activities in Iraq, that may well be possible -- it will be the fall of South Vietnam re-visited, no more no less, but total US troop withdrawal will not mean that the war in Iraq stops -- it will continue. (When that happens, won't surprise me if America expects the Iraqis to say "Thank you USA!")

by The3rdColumn on Thu Feb 28th, 2008 at 03:55:25 PM EST
[ Parent ]
Well, I'm sometimes a bit naive, you know...

Der Amerikaner ist die Orchidee unter den Menschen
Volker Pispers
by Martin (weiser.mensch(at)googlemail.com) on Thu Feb 28th, 2008 at 04:00:05 PM EST
[ Parent ]
Heh! So am I... (wink wink)

Btw, thanks for the links -- very interesting.

Don't know but I reckon, that will be THE BIGGEST, MOST EXPENSIVE embassy the US will ever run -- worthy of the US EMPIRE!

by The3rdColumn on Thu Feb 28th, 2008 at 04:03:28 PM EST
[ Parent ]

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