THE WAR FOR RESOURCES AND THE ECONOMIC SURVIVAL OF THE UNITED STATES AS A GLOBAL POWER

"The hegemony of the United States Dollar as a global reserve currency, in which the world's commodities are traded, is fundamental to this story. Given the massive indebtedness of the US at every conceivable level, this currency is under huge potential threat, with massive Asian influence in the form of dollar surpluses held as US T bonds. If the dollar fails, so too will the United States, with all that this means. Right at the root of the US's survival strategy is control of the world's oil reserves. Without this, the dollar and the US are assuredly in serious decline. No price, however vast in terms of blood and treasure, is too high in this game of truly gigantic stakes. Because of its failure to: adapt and reduce the massive over-consumption of and dependence upon resources; develop its rail and alternative infrastructure to roads; and the lopsided structure of its car and truck driven economy, the US has quite literally no other option. Sadly, to achieve its objectives, it has lost the moral high ground and mortgaged the real meaning of Democracy, with unforeseen consequences for the world and its own citizens...

In the world of junk finance, junk food, junk beverages, junk rap music, where junk status stocks are OK, we now had junk mortgages. Junk, Junk, Junk, Junk and more Junk, in the land where accountability and financial prudence no longer exists. Clearly, the Government of the US is so corrupt and venal that no one cares a damn any more. Certainly protecting the rights and assets of one's citizens is an idea that died with the Founding Fathers."

---Nigel Maund

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