Yesterday my post was U.S. giving away ownership and control of our Energy and refineries. Paladin, who writes a great blog commented on the post, and it is worthy of a read. Pay him a visit if you haven’t done so. His response gives a succinct explanation of how we came to where we are. Where we are headed. Here we go:
The left’s grand idea to prevent WW III was to intertwine all of the key player’s economies so that could never happen because everybody would go broke. There are several outcomes from such a strategy, the first is that if one economy fails to thrive, all connected economies take a hit. This is why it is said that if the American economy has a cold, the rest of the world gets the flu. The flawed premise was that America’s economy would always be preeminent.
The second effect is a bit more subtle. As foreign influence grows, international policy becomes critical. This is why Obama’s foreign policy is so important. The fact that he basically doesn’t have one, is not good news. By being a follower and not a leader, Obama submits America to the will of her enemies by default. The third effect is massive corruption.
We have already seen the effect of such corruption with the collapse of the housing market in 2008. A collapse formed by the left holding a gun to the head of lenders and forcing them to make loans to people who could not pay them back. Banks sold these loans to investors who purchased insurance to limit risk and the rest is history. There were runs on commercial banks, but the public was kept calm and the consumer banks dodged a bullet. We began printing money around the clock in March of that year because the government saw what was coming and have never stopped. Flooding our economy with cash worked to calm fears initially, but economists believe that you cannot do so and avoid the consequence of run away inflation. While that has not happened yet, many believe that it is only a matter of time and that is why economic growth is slow as the economic shell game tries desperately to suck up all of that extra cash.
The fourth effect is overconfidence. Most in American government believe that our foreign co-conspirators, because the only way any of this works is with the cooperation of foreign powers, would never allow our economy to go belly up. If we go, they go. At least that is the thinking. But there may be ways around an economic collapse. The use of gold reserves for instance. Something that America no longer believes is necessary, but the Chinese and Russians still have. In fact, the Chinese have been buying gold steadily for years and hanging on to it. Could that mean that the Red Chinese would survive if the American economy collapses? Possibly. If the American economy implodes, the Red Chinese transition to the gold standard and possibly survive the chain reaction of economic collapse.
The untold story is that wealth is being created outside of the United States. As American assets are being carved up by foreign powers, the best and the brightest in those fields are going to work for them. American ownership of American resources is dwindling. And American citizens become beholden to foreign powers and not their own government. Who do you think these citizens will elect to that government? Will the public support policies that are not favorable to their employers? Why would a citizen care about something that he no longer has a vested interest in? That is the long range problem and one that terrifies the left when they consider the influence of capitalism, but not, strangely, when one trades the place of the capitalist with that of the foreign dictator.
As the foreign acquisition of American business continues to grow, so too does foreign influence on our government. Influence that may or may not have America’s best interests at heart. Such a circumstance does not see America as an equal, but as a resource to be tapped. Ultimately, that is the grave danger of foreign ownership and why colonialism failed. It’s just that in our case, there are no foreign troops. Although I would not be surprised to see such should the American economy fold.
We have never truly recovered economically from 9/11. While the loss of life was tragic, the economic damage was far worse. In short, we are very vulnerable economically right now. We spend like there is no tomorrow, and just wait until the medical bills begin to roll in from Obamacare. Cloward and Piven’s strategy is alive and well, and the aim is to crash the American economy to initiate governmental change by crisis.
There are a lot of pokers in the economic fire right now.