Author: The Bulldog Manifesto

Forgotten in Iraq: Eisenhower’s Cross of Iron

Recently, many bloggers have reminded us of President Eisenhower’s 1961 speech wherein he presciently warned us of the need to “guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex.”

But there is another speech by President Dwight D. Eisenhower that is just as timeless, and perhaps just as important.  It is known as the Cross of Iron speech.

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Venezuela Switches to Euros — Currency Collapse in the U.S.?

[Cross-posted from The Bulldog Manifesto]

The U.S. economy faces utter collapse if OPEC and other oil-producing countries begin pricing their oil in euros rather than dollars.  When Iraq tried to switch to euros in 2000, they were attacked by the USA soon thereafter.  

Recently, Business Week reported that oil producer, Venezuela, “has moved its central bank foreign reserves out of U.S. banks, liquidated its investments in U.S. Treasury securities and placed the funds in Europe.”

The importance of this news should not be underestimated.

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