The U.S. deficit spending is out of control. Greece faces collapse due to the same practice of a tax and spend economy while employing a third of the country in public sector jobs. The Stock Market dipped below 10000 recently, and currently struggles to remain above that mark. The number of foreclosures continue to rise. The government refuses to drill domestically.
Is all of this connected? How does China, and their own future economic troubles, tie into all of this?
Join the Political Pistachio Radio Revolution as we welcome guest Bob Rinear of Invest Yourself dot com to discuss worldwide economics, and his theory that one of the reasons government officials are against drilling for oil domestically might be because our oil reserves are being used as collateral for our debt. Join us live at 7:00 PM Pacific, or catch the archive later, at BlogTalkRadio.com/PoliticalPistachio.
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