Alan Greenspan also states that the US mortgage market collapsed because the U S government followed a policy of very low interest rates!! Have I heard this somewhere nearer home? Low interest rates don't attract investment, therefore can't pay out dividends in the form of mortgages? or have I got it wrong? As a pensioner better interest rates would have helped my savings but under this government pensioners have been really hard hit. Remember you will all be pensioners one day! Regards Noels.
In 1956 Nassar nationalised the Suez canal. Later, Iran nationalised its oil complex at Abadan. What teases me is whether Iraq invasion was designed to stop Iraq following suit?
After the invasion and before the new Iraq government was formed all their oil supply was contracted out to American companies. D Tel Business paper at the time commented "The US public would hardly accept less."
No hard evidence here, but members of the leading political party (previously under Saddam Hussein) are not allowed to stand for election. So does the new Iraq have a truly democratic government?
It's only my suspicion, but I remember how I was shocked when the truth about Suez finally came out.