Could the terrorists have planned all of this in a spectacular strategy to engage the United States in a protracted war in both Afghanistan and Iraq? Then eventually bleed the USA dry of dollars, sending most of those greenbacks to the Middle East in the largest transfer of wealth in United States history, and propel the USA into a financial crisis reminiscent of the great depression of 1929? Again, we find Bush employing fear tactics to warn US citizens of an imminent collapse of the financial system if Wall Street does not get a government bailout. Another huge transfer of wealth ($700 billion) from ordinary US taxpayers to the Wall Street fat-cats and the well connected will take place.
On the other hand, did Bush and his administration of upper-crust C- students from Yale just screw things up so badly that the next president will inherit a financial mess that is beyond repair?
The reason Bush invaded Afghanistan, and then Iraq, in simplest terms, is crude oil. In other words, this is Bush’s national energy policy – to invade and occupy two sovereign oil rich nations to consume their crude oil reserves and their economies, and absorb them into the US economy in terms of keeping the US dollar afloat as the world’s reserve currency. By attacking and invading these sovereign countries, Bush was also sending a signal, to those who know of such things, that the US economy is in serious trouble.
Congress recently raised the debt limit to 9 trillion dollars.
Is this Middle Eastern colonialism so important that it requires the United States to deplete its currency reserves?
Nevertheless, Bush, being an upper-crust C-student from Yale, apparently has no conception of even one simple economic theory, such as the elementary theory of supply and demand. If he did have an inkling of any comprehension of economics, it did not matter anyway, as his cowboy style of diplomacy ruled the day. Since the United States has lost a significant portion of its manufacturing base, and most of its citizens are sending their wealth overseas to oil-rich Arab nations, the US did not earn enough to cover any portion of its import bill for oil and Chinese clothing. Instead, the US became entirely dependent on China to finance its massive deficits, thereby indicting Asian countries in financing the invasion and occupation of Afghanistan and Iraq by proxy. Of course, China has an economic interest in appeasing the United States since the US is China’s huge export market.
Nevertheless, one must look at the Chinese economy in more detail. Since the state owns and regulates the banking system, and has its fingers in the means of production, in terms of regulating its huge population to be the most productive as possible, China is setting the paradigm for other countries to follow in a truly global economic world. While Bush was busy scheming pretexts to invade and occupy oil rich Middle Eastern countries, China was refining its economic strategy to dominate the global economy. China even tied its currency to the US dollar, so the US could not profit from favorable gains based on the repayment of interest on China’s investment in US treasuries. The United States, under Bush, is now looking more and more like a socialist country, of course, if you are rich. In response to the financial collapse of venerable Wall Street institutions, Bush has begun the nationalization of private companies, such as AIG.
This is unheard of in modern times, and governments in Europe, for example, are beside themselves watching the once great nation of the United States privatizing profits, and socializing losses on Wall Street were the well-connected and super-rich are getting, for lack of a better term, government welfare. The Middle Class must suffer the indignities from the very leaders they elected into power, and, most amazingly, they are about to elect an individual whom will continue the same course in the near future. Note to European countries – prepare for a windfall of super-rich American immigrants seeking asylum into your countries. Please do not let them in or they will destroy your economy too.
It is my guess that the United States, under the leadership of George W. Bush, and the conservative Republicans, have began a series of unfortunate events that will transfer not only billions of dollars to the Middle East and Asian countries (China), but will also, by default, transfer the world’s financial center from New York to Europe (Germany). This is the beginning of the end for the United States, and let the world know that George W. Bush and his policies provoked this financial crisis and directly resulted in the ruination of the US economy. Will Rogers once said that the United States is the only country in the world where one can drive to the poor house in an automobile.
Note to Will Rogers – if you have the gas! We are all out in Georgia!
