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China’s CNOOC just scooped up one of the most valuable energy companies in the world: Canada’s energy giant, Nexen. If it seems like just another energy deal to you, let me tell you, it’s not! It puts China in a position to control Canada’s vast oil shale reserves ... ultimately giving it control over a good portion of our “friendly” energy sources. China now has huge oil holdings ALL OVER THE WORLD.
In Latin America ... in Russia ... in Iran ... and in oodles of other countries around the globe ... and is now even making a move for the South China Sea’s oil reserves — which could soon prove to be the largest in the world, ever. It’s pretty clear to me that one day, we all might be beholden to China — not just for the money it lends to Washington, but also for energy.
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| CHANGE? You can bet your WASP ass on that! |
*The implications for the American economy in losing the dollar as the world reserve currency would be - in a word - catastrophic.


