The American Empire in a Changing World


Tuesday, June 26, 2012

''Government Debt: The Price We Pay''

From Financial Sense

''There is a fascinating passage in Pavel Stroilov’s book Behind the Desert Storm. It is a transcript from a discussion between Soviet leader Mikhail Gorbachev and Egyptian President Hosni Mubarak. Gorbachev wants to know where Mubarak gets his country’s money from. “Is it flowing in the Nile?” he asks. Mubarak replies that, “Everyone has debts in today’s world.” He went on to say that Egypt only accepted non-repayable aid. “Nowadays,” Mubarak explained, “almost nobody repays debts. I am talking to you absolutely frankly.''

''When President Mubarak said that “almost nobody repays debts anymore” he was admitting that the international financial system is a sham. It will not be long before everyone sees the truth of this.''

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