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"Joe"
Bill Targets Foreign Role at U.S. Sites Legislation would seek to kill a plan to transfer port control to an Arab firm, and could affect other deals on national security grounds. Again, with all due respect, this is but the tip of the iceburg. A few of you may recall when Nixon took the dollar off the silver standard. Since then major oil producers have accepted only dollars in payment for oil. This has maintained the dollars' value despite our constant negative balance of payments. Japan, Tiawan, China, and all are willing to accept dollars even though the USA has nothing they want to buy with them because they can use them to buy oil. But what are the oil producing nations to do with all those dollars? Buy up America of course! That's the legacy we are leaving to our children and grandchildren. Throw too much sand and the Arabs will begin selling oil for Euros like Saddam threatened to do - then where will we be? |