In looking back to the spring of 2010, politicians promised us that blue skies were ahead. Little did we realized “blue” meant doom and gloom. The economy improved in the 2nd quarter of ‘10 but the increase gasoline prices proved to be a bigger drag on consumers than economists had predicted. China and other countries continued their increased demand for oil and other commodities to satisfy their population’s increasing demand for middle class status. After all, who doesn’t want a car and drive it to new places!
The U.S. stimulus package failed to sustain a “V” shaped recovery and the vigilante bond market put the U.S. financial attitude in its cross hairs. The $1.7 Trillion evaporated by Wall Street was too much for the country to recover from. The mass delusion of the subprime mortgage bubble had run its course and all the king’s men could not sustain the U.S. economy. The few who had figured out that Wall Street was going to lose a boatload of money took advantage of the coming bust by purchasing credit default swaps.
Chinese planners were implementing their 50 year growth plan. In their classic silence, the Chinese continued to buy up hard asset businesses worldwide. They took advantage of the American arrogant behavior around the world and scooped up prime energy resources at favorable prices with their accumulated U.S Dollars. They accommodated the U.S. avarice by supplying the American consumers with all the gadgets that could fill a house. In turn, America’s wealth was transferred to China’s treasury and funded infrastructure projects to propel China’s economic stability.
Meanwhile, true U.S. unemployment which had leveled out at 16% with the huge stimulus packages granted by a Congress who wanted to be reelected in November of 2010. Once the elections were over so were the stimulus dollars. The ratings agencies had vowed to lower the sovereign debt rating of the United States which would impact borrowing rates on the Treasury debt. The Fed was between a rock and a hard place. It needed low rates because of the astronomical debt levels but the economy needed additional stimulus. The consumer had failed to ramp up consumption after being burned with excessive borrowing offered by Wall Street just a few years earlier. Wall Street’s delusion was only exceeded by the consumer’s delusion.
The government’s think tanks were working overtime. How do we get out of this predicament? The leaders were looking for answers at the same time bashing China for its trade practices that in earlier years were applauded by Corporate America. Washington’s control of the American people was disintegrating. The Tea Party’s name was changed to the Constitutionalist Party. The ground swell could no longer be disregarded by the media. The elections of 2012 would signal the end of the two party system that had worked so well for the power brokers. They needed a scapegoat. China became the enemy of the U.S.
Though China had more English speaking citizens than the U.S., the Chinese were demonized by Washington by way of the American media. If the American people could be convinced to purchase houses and gadgets with loans that could not be repaid, why not convince them that China is now part of the axis of evil? It must be the Chinese who caused all of the economic problems of the U.S.! Washington struck a deal with Taiwan to provide it with nuclear capability and that was the straw that broke the camel’s back. In retaliation, China dumped its U.S. bond holdings and caused the Dollar’s value to drop like a rock. Within a week gold went from $1,650 per ounce to $3,000 in terms of U.S. Dollars. $3.50 gasoline jumped to $6. The lethargic American public awakened in an outrage. The NFL Sunday sofa gang turned off the TV and was ready to lynch someone in Washington. A small think tank five miles west of Annapolis, 40 minutes from the nation’s Capitol, submitted a plan to pull the country out of the W-shaped recession. War!
In an effort to save their positions of power, the leaders began to implement the plan. Confident that the U.S. military technology was superior to China’s army and Western Europe would side with the U.S. since their economies were in a similar state, the leaders’ plan to force China into war by arming Taiwan worked. Immediately China aligned with Russia, North Vietnam, the Afghan tribes, and Venezuela. The Russian and Venezuelan oil exports were cut off. The price of gasoline jumped to $9 per gallon. Americans were enraged and were ready to do what it took to retain their former standard of living. The Great War was on!
(Could this scenario happen? The current system is ready to come to an end. With the potential of 9 billion inhabitants by 2020, change is on the horizon. Our Heavenly Father is bringing forth a new revelation to replace the delusion currently in place. The only thing that can change the current course of the planet is Love. All other revelations of the past have failed to bring forth sustainable peace.)
