Financial Demise of America

by Michael Webster
American Chronicle
August 19, 2008

http://www.islamist-watch.org/791/financial-demise-of-america

Excerpt:

A cataclysmic financial storm is threatening to bring down the United States economy as inflated oil prices meet the largest mortgage crisis in American history. For American

citizens high oil prices alone have eroded disposable income through record gasoline, diesel and heating oil prices, increased food prices, skyrocketing other utilities as well as housing deflation that has helped create record home foreclosures.

According to Bill Wilson, KIN Senior Analyst said "This phenomenon is a growing threat to the national security and sovereignty of the US. The hundreds of billions of dollars caught up as windfall profit for Arab Islamic oil barons is soon to be used to buy distressed and foreclosed property from the very Americans that the run up in oil has exploited."

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