Petrofraud

by

Michael Fox
email: TheCulturedEconomist@yahoo.com

Petrofraud is a word I coined to describe the the great con job that is the Bush administration’s policy – that policy is the only policy they have or have ever had, with respect to energy, foreign affairs, war and our economy. All of it has been about oil. And the present speculative bubble is the crowning achievement of the scheme.

They are laughing all the way to their banks in Dubai, Switzerland, and, no doubt, Paraguay. A superb assessment of the pathology of this sociopathic bunch can be found in Charley Reese’s chilling column, America is the Rogue Nation, which details the lengths to which they are going – in our name – to achieve their nefarious goals. We are being robbed into bankruptcy to enrich a relatively small oligarchy, within which an even smaller group are retaining unimaginable wealth.

Once these statements would have sounded outlandish; the ravings of an extremist. Now, however, we all know it to be true. Even those who still fancy themselves “conservative” know what’s happening, though many of them retain their allegiance to the Republicans as a form of faith.

What is it about faith that makes it so devastatingly ruinous? It is simply this: it is the belief in something or someone just because… Because one wants to believe it, or because one was raised to believe it (even if further education proved it wrong), or because one voted one way and doesn’t want or can’t process the idea that it was so dreadfully wrong. So they become more fiercely adamant in their wrong-headed convictions. But heads are coming out of the sand.