Thursday, April 01, 2004

Terrorism

"...terrorism is a great leveller...before September 11th 2001, we lived in a world where American buyers of assets could use what amounted to free, manufactured money. The US was not paying for the wealth it was acquiring; it was just swapping worthless loans at the World Bank and the International Monetry Fund for it. When necessary, it sent in troops to grab assets - again virtually free of change...Al-Qaeda is restoring equilibrium to the market place. If the US wants to own Iraqi oilfields, it is going to have to pay real money." 1

1. Max Keiser, 29th March 2004. Letter of the Week, New Statesman.