The price of oil

by BillBane 23. July 2008 23:55

 

Capitalists hate communists, right?  After the Russian revolution in 1917, Rockefeller's Standard Oil of New Jersey bought oil fields in Russia, built refineries and sold the products in Europe. In the '20s, Rockefeller's Chase Bank helped fund Soviet exports and sell Russian bonds in America.

In the 70's, David Rockefeller's Chase Manhattan Bank financed a truck factory in Russia that built trucks used in the war in Afghanistan. He once wrote, "Competition is a sin," which is contrary to free enterprise. Since communism and socialism control competition, it makes me wonder about his true stripes.

Think about this. If a third world country defaults on a loan from the Export-Import bank, the manufacturer of the product collects and taxpayers pick up the tab for the bad loan. Are the Robber Barons dead and gone? Google CFR for some eye-opening reading.

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