Thursday, May 14, 2009
FBI Whistleblower Testimony: Gonzales Imposed Brutal Interrogation Tactics
As President Bush's top lawyer, Alberto Gonzales pressed counterterror officials to use brutal interrogation techniques on terror suspect Abu Zubaydah in 2002, even when those techniques hindered Zubaydah's cooperation, a former FBI agent who was present is expected to testify Wednesday before Congress.
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The US is torturing itself into insolvency.
ReplyDeleteNow, imagine a world in which China could borrow and lend internationally in its own currency. The renminbi, rather than the dollar, could eventually become a means of payment in trade and a unit of account in pricing imports and exports, as well as a store of value for wealth by international investors. Americans would pay the price. We would have to shell out more for imported goods, and interest rates on both private and public debt would rise. The higher private cost of borrowing could lead to weaker consumption and investment, and slower growth. This decline of the dollar might take more than a decade, but it could happen even sooner if we do not get our financial house in order. The United States must rein in spending and borrowing, and pursue growth that is not based on asset and credit bubbles. For the last two decades America has been spending more than its income, increasing its foreign liabilities and amassing debts that have become unsustainable. A system where the dollar was the major global currency allowed us to prolong reckless borrowing.
The next "bubble" to burst will be the dollar
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