Over at the US Congress, US Treasury Chief Paulson reportedly pleaded with Democratic congressmen not to reveal the close door theatrics displayed by politicians and financial experts discussing the $700 billion bailout proposal. Republicans are up in arms over the proposal, saying that it's still a raw deal, which could not possibly end the increasing financial tensions. US President George Bush has said that the US is in for a long and painful recession, should Congress fail to pass the proposal. At this time though, things over at Washington seem to have turned from bad to worst, with politicians and officials fighting against each other.
While the US tries to put out its financial fires, the Russian military has sent its fleet to South America, obviously as part of its global strategic military plan. In Iran, the tiny nuclear Islamic Republic is reportedly preparing for war, possibly against the United States and its allies. Analysts say, conflicts could possibly escalate after Ramadhan. Meanwhile, North Korea has banished nuclear inspectors and indicated a possible revival of its atomic energy programme.
Obviously, the enemies of the US are starting to flex their muscles. This financial crisis is more than a sneeze--its a serious illness which the world's superpower could find hard to cure. While the strong man remains bedridden with financial woes, enemies are now in the midst of preparing themselves for possible confrontations since historically, the US resorts to its war machines when faced with extreme economic difficulties. War provides the needed push for its industries and the US could do the same thing given the seriousness of the crisis.
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