RE: [A-List] New economy bull: productivity miracle explained

["Keaney Michael" <Michael.Keaney@xxxxxx>]

Anne writes:

The entire world is getting screwed, and fiat
money is the tool that our magnificent states
employ......without fiat, none of this wholesale
destruction would be possible except on a
military - not a financial - basis. -A.


Pat Buchanan

June 26, 2002

Will Bush follow Bill to bailout city?

=====

It's an achievement of sorts that we should be swapping articles by Paul
Foot and Pat Buchanan on the same list, but I won't crow about it too
publicly.

More to the point, the wholesale destruction is being given military
backing, as with the latest moves to legitimate pre-emptive strikes as a
tool of US foreign policy. This is a logical development of the previous
emphasis on "humanitarian intervention" and both complement one another
very well. The value of the dollar (and pounds sterling) depend in good
part upon the perceived willingness of the US and British states to
resort to the military option when advancing or protecting perceived
interests. For the time being at least, the European single currency has
no such military backing.

Michael Keaney