Thread: Rant!

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Perhaps valvebounce is on to something.

Here is something that I've heard about, tried to check it out and didn't come up with much more than what I heard and what I came up with was off the internet....again.

Off the coast of Alaska is an island, Gull Island. In that vicinity in 1977, supposedly there was found a large oil deposit, so large that it made the Saudi deposits look like a 'dry hole'. In addition, there reportedly was enough natural gas there to last us as a nation, 200 years.

Here it comes.....allegedly the US government, agreed not to open the field, would cap the field, IF the Saudis would buy our US treasury notes.

I understand that out of the North Slope field, we are sending the majority of that oil to Japan. Guess who buys a lot of our US treasury notes?

Here comes the conspiracy theory....could the US government be depending on these countries and others to finance our debt in return for not drilling and using US crude? Not telling the American populace that if we do...the whole shebang goes down the tubes?

And while I'm smokin', I wonder just what our elected officials, Dems and Repubs, do and talk about around dinner and a good cigar, knowing that as far as our national debt is concerned, in the matter of just a few short years, that 900# gorilla sitting quietly on the couch in our national living room is going to 'go off' and tear the whole thing apart?

You heard not one presidential hopeful in the last year, other than Fred Thompson that I'm aware of....and he only mumbled about it once, early on, and then his silence was deafening , say anything about it. That gorilla is our government handouts, US certified, with papers, entitlements. When the 'boomers', thank you, get into high gear, the sum total of all the pay-outs will make our GNP, look like a monthly payment of a mortgage. Then it will be over.

Now that I've put myself into depression, I'll shut-up and go to bed.