Quick entry today. Lot's of stuff to do and not enough hours.
But, as I re-mentioned on the 18th of this month and originally almost a year ago, the president helped Brazil expand its offshore drilling with $2 billion in loan guarantees through the Ex-Im Bank, while U.S. production struggled to get back on its feet in the wake of the BP spill. At the time, I believed it was because the president was repaying George Soros for his help in winning the election. Soros is a major investor in Brazilian oil.
Then when the president made Brazil the first stop on his South American trip, I not only wasn't surprised I figured the impatience must have been killing him. Because who wouldn't want to know that his expected payback down the line was money good? After all, Clinton or Gore wouldn't take foreign risks like that, they got their repayment right here at home.
But, what was surprising was that when the guarantee was advanced the story line was that none of the oil would come to the U.S., it was intended for foreign consumption. However, now the president says he wants to assist the Brazilian government "with technology and support" in developing its oil reserves, a black gold mine he said could hold twice as much oil as U.S. deposits. "And when you're ready to start selling, we want to be one of your best customers," he went on.
So now, this whole deal is really making sense. Because it seems the strategy all along was to minimize oil development and production in the U. S. as best they could, and then swing the buying from the precipitous and volatile Middle-East, to a more controllable neighbor who'll channel the kickbacks right through Soros.
And as has been said countless times before, if you want to understand anything at all, no matter how complex the issue...simply follow the money and you'll get to the truth.
That's it for today folks.
Adios
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