Sunday, March 02, 2008

Financial fiasco - Tanker Refueling contract stolen

This week the Air Force awarded Air Bus of Europe a 45 billion dollar
contract for building a new fleet of refueling tankers. The rub of the
story is that Air Bus was competing with American based Boeing Corp
who were convinced they would win the contract.

Both planes seemed equal in many ways. Investigative stories
actually gave the nod to Boeing. But it didnt turn out that way.
Apparently Dutch Royal banks will be providing a large percentage
of this defecit spending and therefore have applied leverage
on the Administration and key Congressional members, enough that
the brass of the USAF has chosen Air Bus.

This is a similiar lesson to the stimulous package recently
passed, the total 162 Billion. All of this money is borrowed
from Asian banks. Most of the stimulous money will be returned
to China in goods purchased and debt will be carried by the US
taxpayers (were borrowing money to buy foreign goods.

And polls show that most who 'wont be spending' are choosing to
pay down debt. Which on its surface sounds good, but most of the
firms on Wall Street today are heavily in debt to Asian and
Middle Eastern banks, they stand to get a lions share also.

So, who is really profiting from all of this borrowing?

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