"But a Constitution of Government once changed from Freedom, can never be restored. Liberty, once lost, is lost forever." - John Adams

Tuesday, October 12, 2010

China Stakes Claim To S. Texas Oil and Gas

China stakes claim to S. Texas oil, gas

This is what happens when you owe trillions to foreign countries. The article says it is a multibillion dollar deal to lay claim to about 600,000 acres of South Texas oil and gas. I believe what is more likely is multibillion dollars worth of debt forgiveness to China's government. They will own all of the United States' resources before it's over. You cannot borrow beyon your means forever. Sooner or later you have to pay the money back, one way or another.

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