The Conservative Beacon

Uniting the Conservative Movement

Oil for War: Iraq Using Oil Revenue to Buy U.S. Treasury Securities

Posted by Joshua Price on April 23, 2008

This is all we need. We have another Arab country investing significant amounts of its oil wealth into our treasury debt.

The Washington Times recently reported that the Iraqi government is investing billions of dollars earned from oil sales in U.S. Treasury securities instead of spending the revenue on vital reconstruction projects.

I know many of you will say that this shouldn’t be a concern because we’re attempting to install an Iraqi government that’s friendly to America and the West; therefore, it’s highly doubtful that Iraq would hold the American debt it possess over our heads. Right. These are the same folks telling us that we have nothing to worry about when it comes to China holding so much of our debt.

But that’s not the only point in this story.

Oil for War. That’s what conservative radio talk show host Michael Savage has proposed as a way for Iraq to help repay the estimated $500,000 billion we’ve spent to liberate that country.

His plan, which I fully support and should be given serious consideration, of course it won’t because it’s logical and not corrupt, would require Iraq to essentially pay us in barrels of oil which would increase the supply of oil here in America. This, in turn, would lead to somewhat lower gas prices and lower transportation costs associated with shipping goods all across the country.

This idea is perfectly logical, but more importantly, it’s entirely plausible. We know Iraq has plenty of oil reserves and could afford such a requirement. It’s not like this would severely deplete Iraq’s natural resources or severely strain Iraq’s economy.

So if this plan is so logical and feasible, why hasn’t it been instituted? There are two reasons and one of them can be found in the following excerpt:

Oil-rich Gulf Arab states resisted pressure from the United States and Iraq yesterday to forgive Iraq tens of billions of dollars in prewar debt, amid concerns about how the Baghdad government spends its growing oil revenues.

The Gulf Arab states are greedy. They are ferociously protective of their precious oil reserves and revenues–even though they’re quite abundant in that area. Just look, not only will Iraq not pay us back for liberation costs already incurred, it’s still not using oil revenue to pay for its own reconstruction.

By the way, this is precisely why we should have used our air superiority to level the troublesome areas in Iraq, and not just at the onset of the war. But remember how we were repeatedly told that we had to be very careful when firing on a target because we didn’t want to destroy surrounding infrastructure that would need to be replaced at our cost should it be destroyed? Well folks I’d say we we’re having to do that anyway.

We probably could have saved 500-1,000 of our men and women’s lives by bombing the hell out of certain areas instead of going house to house trying not to accidentally destroy some damn piece of infrastructure that we’ve had to replace anyway!

Second, as Savage has pointed out on his show, the oil companies won’t allow it due to the downward pressure the direct increase in free supply to America would cause to the price of oil.

From their perspective we have to continue to allow the OPEC nations and countries like Iraq to manipulate the oil supply in a way that supports upward pressure on prices.

Why? Because higher prices, holding costs and other variables constant (which in this case is possible), means higher profit for the oil companies and oil-producing countries. It’s a win-win, except of course if you care about America and its security and sovereignty.

It’s absolutely absurd that Iraqis are taking their oil revenues (when some of that oil should be coming directly to us, not at market-determined prices by the way–i.e. it should be free) and instead of paying us back, they’re earning interest off of some of the very debt attributed to their liberation.

How is this allowed go on?

But this all goes back to one fundamental point: it’s not about what’s good for America; it’s about what’s good for the bottom line and the wallet.

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Steve Emerson on CAIR

Posted by Joshua Price on April 18, 2008

Steve Emerson and his staff at the Investigative Project on Terrorism have compiled a 10 part series exposing the Council on American-Islamic Relations (CAIR).

The following is our interview with Mr. Emerson about the series:

Steve Emerson on CAIR

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Phoenix Mayor Targets Sheriff Joe Arpaio and His Roundup of Illegals

Posted by Joshua Price on April 17, 2008

The mayor wants the FBI to investigate whether the local county sheriff has violated any civil rights laws with his recent high-profile crackdowns on illegal immigrants.

In an April 4 letter to U.S. Attorney General Michael Mukasey, Mayor Phil Gordon asked the agency and the Justice Department’s civil rights division to examine what he called discriminatory harassment and improper stops, searches, and arrests by sheriff’s deputies in Maricopa County, which encompasses the metropolitan area.

“Over the past few weeks, Sheriff Arpaio’s actions have infringed on the civil rights of our residents,” Gordon wrote. “They have put our residents’ well-being, and the well-being of law enforcement officers, at risk.”

Here we go with the civil rights of the illegals argument again. What civil rights? They’re in this country illegally!

But I digress:

Arpaio said it’s ironic that Gordon wrote the letter the same day U.S. Immigration and Customs Enforcement officials observed his deputies arresting residents and illegal immigrants in the town of Guadalupe and approved of the sheriff’s work.

The mayor “is degrading my office and my deputies by insinuating that they’re violating all these civil laws. We don’t profile,” the sheriff said.

But there is some good news in this story as it appears that ICE might be on the sheriff’s side:

ICE officials say Arpaio is not violating the formal agreement he has with their office that allows sheriff’s deputies to enforce immigration laws.

And you wonder why we can’t fully solve the immigration problem and fight the enemies of this country domestically? It’s because of so-called mayors like the one in Phoenix and the ACLU that unwaveringly defend the civil rights of the illegals.

As far as I’m concerned the only right the illegals have is the right to turn around and head back to their country of origin.

How can a nation survive when so many inside it care more about the civil rights of people who have no right to be in the respective country than its legal residents? Answer: It can’t.

But this what liberalism and globalism gets you.

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Hamas Sees Islamic Conquest of Europe and America “Very Soon”

Posted by Joshua Price on April 15, 2008

A member of the Palestinian parliament representing Hamas declared in a televised message that Islam “very soon” will conquer Rome, spread throughout Europe then take over the Americas.

Now this is the group, Hamas, that Jimmy Carter will visit. I wonder what he has to say about the desire of Hamas to conquer Europe and America?

Why is an ex-President of the United States of America meeting with a terrorist organization? Because Jimmy Carter hates America in my opinion.

Would this have gone on during World War II?

How are we supposed to win this war when we have an ex-President meeting with the enemy?

I mean what is he seeking to accomplish? Is he, along with Habitat for Humanity, going to be the housing contractor for the new Palestinian half of Jerusalem that Condi Rice and Bush are proposing?

Please tell me that he’s not going over there to negotiate with Hamas. But of course we know that’s what he’s going for. And he has the nerve to be disappointed with Israel not condoning and receiving his visit with open arms.

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Saudis Purchasing Influence in UK Universities?

Posted by Joshua Price on April 15, 2008

It looks like the Saudis–a so-called American ally–are using the money and power to effectively influence the presentation of Islam and Islamofascism in colleges in the UK:

Jonathan Evans, the director-general of MI5, has warned the government that donations of hundreds of millions of pounds from Saudi Arabia and powerful Muslim organizations in Pakistan, Indonesia and the Gulf Straits have led to a “dangerous increase in the spread of extremism in leading university campuses,” according to Joseph Farah’s G2 Bulletin.

Eight of Britain’s leading universities, including Oxford and Cambridge, have accepted more than 236 million pounds sterling, about $460 million, in donations from Muslim organizations, “many of which are known to have ties to extremist groups, some have links to terrorist organizations.”

You think this isn’t going on to some degree in colleges and universities here in America? You think it won’t become more widespread? Think again.

Just remember this little story when you hear the empty suits and skirts in Washington tell us how the Saudis are such wonderful allies.

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