The Great Global Power Transfer

A dated article with relevancy for today’s times:

 

 

Ten years of news watching reveals a definite trend, and it’s not to the advantage of the American and British peoples.

“With the approach of a new year, the most conspicuous trend in global affairs is a proliferation of disasters, real and potential.” So Alan T. Sorensen, associate editor of Current History, summed up his views on what the world could expect in the year 2007.

Not too heartening, to say the least.

Yet we here at the Trumpet remain, even increase, in great optimism about the future! There is a reason why.

America’s SWIFT Road to Economic Destruction

China’s much anticipated international payment system is set to launch. It could be a big blow to the dollar—and America’s ability to police the world.

This year may go down as a turning point in United States economic history.

Reuters reports that three high-level Chinese officials have confirmed that China will launch its long-awaited international payment system in September or October. The system will allow foreign banks to conduct transactions in yuan instead of dollars and transfer funds across international borders without using America’s swift payment system.

Chinese Group Buys 80% of AIG Plane Unit for $4.2B

A Chinese group agreed to buy 80.1 percent of American International Group Inc. (AIG)’s plane-leasing unit (0067543Q) for $4.23 billion in the nation’s largest acquisition of a U.S. company.

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The acquisition gives the group control of the world’s second-largest aircraft lessor as rising travel in China and Asia spurs demand for planes. AIG, which counts the U.S. government as its largest investor, is selling the Los Angeles- based unit as Chief Executive Officer Robert Benmosche focuses on insurance operations and works to reduce debt.

Politician Warns America Soon to Be Vulnerable to Foreign Invasion

Today your average American would never believe it. For one, the public is only being spoon-fed the news that the media declares as news — not what the true salient issues of today are. Two, because of being dished this ‘news’ for such a long period of time, anything like this article is likely to be dismissed as a wacko conspiracy theory. Three, today’s culture cares more about whether the Lakers won (then riot if not) and if they can keep up with the Kardashians. As long as people can have the latest iPhone and continue as a shopping mall regime, everything is just dandy. When the big economic hit comes, reality will slap 99.9% of the unprepared/unaware public in the face and create a crisis of existence for America as we know it. Collapse is a foregone conclusion, there is no coming back. How America will cope is the bigger question. The tone may have a negative ring to it, and it’s wished to be wrong, but it is what it is.

American businessman and former third-party presidential candidate Ross Perot is refusing to endorse either Mitt Romney or Barack Obama in this year’s election battle, saying that neither candidate has a viable debt reduction plan.

“We’re on the edge of the cliff, and we have got to start fixing it now. Otherwise, we’re leaving a disaster to our children’s and our grandchildren’s future,” Perot said in an interview last week with USA Today’s Richard Wolf.

The national debt has quadrupled in the 20 years since Perot first started sounding his warning about government spending. Now that the national debt has exceeded the gross domestic product, the government has to print more and more money as overseas investors become less and less willing to lend more.

Perot is now warning that without substantive economic fixes of a magnitude far greater than those being espoused by either presidential candidate, the United States could even lose its sovereignty.

7 Reasons This Election Doesn’t Matter

Click the link for the full breakdown on each challenge.

Regardless of who wins the election, America faces some tough decisions.

Challenge 1: Can you conceptualize $1 trillion?

Challenge 2: America’s massive debt

Challenge 3: America’s uncontrollable welfare dependency

Challenge 4: America’s banking system is shot.

Challenge 5: The jobs are gone forever.

Challenge 6: America’s education system is failing.

Challenge 7: The economic cost of America’s moral slide.

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Regardless of who America chooses at the ballot box, its moral slide will not be turned. At best, it can be slowed. There are 230-plus years of U.S. history that prove it.

America’s debt, its welfare mentality, its crumbling education system and morals are all the product of America’s collective choices. We are now eating the fruit of those choices. Economic indicators suggest another economic downturn has already started. A greater economic depression is on the way, and there is little that can be done to mitigate it.

America is past the point of no return. America’s past prosperity will not return until the whole economic system has been wiped out. Tough times are coming on America, but once through, the country will be able to start anew.

Full article: 7 Reasons This Election Doesn’t Matter (The Trumpet)