Famously Dean Acheson at the National Press Club did neither on January 12, 1950. He speculated on what the US defense perimeter was, did not support South Korea, and 6 months and two weeks later North Korea attacked. A few threads back I did predict that we would sell out the Tibetans to buy Chinese backing in Afghanistan. By kicking them to the curb we are giving Tibetans the Kurd. We are in debt to China for more than a TRILLION dollars, so without China continuing to buy our debt President Obama’s entire “stimulus” plan, to the extent that it relies upon deficit spending, is at the mercy of the Chinese. “Luo Ping, a director general at the China Bank Regulatory Commission, told an American audience, “We hate you guys. Once you start issuing $1 trillion-$2 trillion … we know the dollar is going to depreciate, so we hate you guys but there is nothing much we can do.” (Financial Times, December 12, 2008.)” |
"The light of the body is the eye: if therefore thine eye be single, thy whole body shall be full of light." --Jesus
"Sometimes the first duty of intelligent men is the restatement of the obvious" --George Orwell
"The test of a first-rate intelligence is the ability to hold two opposed ideas in the mind at the same time, and still retain the ability to function." --F. Scott Fitzgerald