Highlights/Thoughts
Click on title of this posting to get the details of the chat on DD
1. Scooter's trifecta theory may be playing out
2. Trifecta is US, China, and Iraq
3. Iraq is an asset of the US
4. China owns the largest number of oil contracts in Iraq
5. China has been buying up our debt in the last 4 years (accumulating 2.3 to 2.5 tril)
6. China's US debt holdings gives it an economic weapon against the US
7. Both parties don't want China to call in the notes on the US debt
8. Instead, China may be using the oil contracts as a negotiating tool
9. China could be asking for longer leases or a much better price on oil
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