Next Revolution: The Second American Revolution

The domestic and international status of the American Corporate Empire have now found direct connection. The Financial and Economic meltdowns that have roared out of Wall Street and ravaged our country and the world, have had, and are going to continue to have, an increasingly profound influence on how the whole world perceives and deals with the United States. Our friends and our enemies alike are either voluntarily or involuntarily re-evaluating their relationship with the American Corporate Empire.
 
This readjustment in turn will affect our access to the world's resources, and deeply affect the quality of American domestic life. As the driving force behind all of our domestic and foreign policies is the pursuit of corporate profits, this status report will start with the status of our domestic economy.
 
To put it in a nutshell, we are fucked. Our economy's inevitable resting point will be at the level the actual earning power of our middle and lower classes can support. This will be at a very low point.I estimated this point in Nov '07 as being between 6800 and 7200 on the Dow. Our fearless leadership's incompentence and cupidity in the face of crisis, specifically the snowballing costs of their massive and rapidly multiplying misguided bailouts for our domestic economic theives, now indicate that the markets will plunge through that low market level I predicted in Nov. '07 before coming back up to the 6800 to 7200 range.
 
The reason these bailouts will not work is that they seek to fix a system that cannot be restored. The bubble will not reinflate, and the conditions for the massive debt-fueld consumption that supported our profits, but never paid for our schools and hospitals, no longer exist. All's that's left is the debts.
 
As our failed politicians try to reinflate a failed economic system with direct payoffs to the theives who looted our country, what they are really exposing is the politics of corruption that sits behind our current system of political bribery and payoff. This means that our economic injury is not a short and painful, a "stubbed your toe" temporary kind of injury. This is the life threatening economic heart-attack that makes a full transplant necessary.
 
Unless we rip the greed and corruption out of the heart of our political system, and replace it with honest democracy, this crisis will have had no benefit at all.  We have recently watched the whole financial, banking, and credit system of the US fail. For the 35 years preceeding the point of failure America has been growing at the most rapid rate in its expansive history, while generating the largest amount of poverty in our history, which fueled the greatest concentration of wealth in the history of man.
 
During this period our citizens have handed over our democracy to the corporate bribers, turned themselves into "consumers," in return for a debt-fueled frenzy of vanity, pride, and endless meaningless consumption. The party is over, and now it's time to pay the piper.
 
But we have not seen one politician or pundit call attention to the underlying political or policy problems. What remains completely unaddressed is he long-term process of irresponsible growth, deregulation, privitazation, and detaxation of wealth in this country, which fed, and were fed by the very policies and the process of political bribery that created and fed the vast financial bubble in the heat of Wall Street.
 
This whole game was played with the stolen wealth of the American middle-class. Nor have we heard a thing about the massive bribery by the Wall Street Robber Barons that purchased the loyalty of every Congress and President for the last 130 years. The very system of bribery that created these irresponsible policies has not come into question.
 
What we have seen is the corporate politicians and our corporate presidents do everything they can to preserve and maintain Wall Street's possession of our stolen wealth by draining our Treasury and Overheating our printing presses to cover their losses. But this makes sense, in a corrupt and selfish way.
 
As our bribed corporate politicians get and keep their seats by receiving and paying off corporate and special interest bribes, they are completely incapable of going against the very system of corruption that keeps them in power, even after it has completely looted the citizens of our country of their wealth and their rights. Thus the financial and market failures are being compounded by Congress and the President pushing our last dollars to the richest theives in the land, rather than mitigated by making the middle-class's income effective by letting them keep what they earn.
 
So the bailouts will fail to do anything but put an unfundable debt onto the international debt markets. Right now the economy is taking down the markets, just as I predicted, which is driving vast amounts of money into the T-bill market.
 
When the govt starts putting the 8 to 12 Trillions on the international debt market, they are not going to get it funded. This will drive T-bill prices through the floor and their interest rates through the roof.  At that point all the people who are presently fleeing to the safety of T-Bills will get caught in the popping of the bubble in the bond market that is presently inflating as the equities markets continue to fall.
 
This will also drop the value of the dollar, and massive inflation will begin to drive food and energy prices through the roof as the economic downturn nears its bottom.
 
Maybe at that point in time you all will consider outlawing special interest bribery in our government, reinstating our democracy, and begin drawing honest, honorable citizens into politics, rather than the debased scum that now disgrace our legislatures.
 
As long as we let corruption and bribery, rather than the democratic process, decide elections,  all of our legislatures will continue to pour out odious laws and policies that hurt our nation as well as our rights and values. Our global empire is looking as shabby as our domestic economy.
 
The same process of corporate bribery that looted our domestic economy has also misguided our foreign policy, and has led the world into political, economic, and cultural chaos.
 
Global Status of the American Corporate Empire
 
Econ instabilites in Europe
Economically, things are falling apart across such a wide swath of our offshore corporate empire it is hard to know where to begin. So let's start at the top, with the Western countries who proceeded us in seeking empire, and who now work diligently to their maintain corporate-controlled domestic governments and work externally to reinforce our global corporate empire: England, Germany, and France.
 
Each of these countries is experiencing serious economic downturns. Each of these county's ruling parties will be thrown out in their next elections. Expect Brown and Merkel to both be deposed, but this will make little difference. The Conservatives and the SPD have done nothing different than Labor and the CDU when in power. It is likely these new administrations will not support America's military adventures.
 
France may have more to offer, as social unrest seems likely to make a physical point of repudiating the American System of selfish greed as the means and goal of European domestic social policy. This may, in turn, spark the English and Germs into social unrest that will make it impossible for the resulting govenments to support America's international crimes, if not call for radical change in how the global economy is run. The next tier looks no better.
 
Econ instabilites along the perimiter of the empire
 
Iceland is bankrupt, the Japanese island is sinking, Greece is falling apart, Eastern Europe is underwater, and the Baltic states are insolvent. These conditions do not bode well for US unilateralism. Iceland, Eastern Europe and the Baltic states are vunerable to expanding Russian strategic influences, Japan is becoming increasingly dependent on China, and Greece could just implode.
 
Each of these situations could be increasingly problamatic for the US as the global economic downturn deepens into a global depression, and none of these situations offer us any advantage whatsoever. The strategic implications of these instabilities is significant.
 
There are three break points upon which international fault lines are appearing upon which the biggest global powers will identify and divide themselves. The position of each player upon the fault lines are deeply dependent on the specific internal condition of each player. The break points upon which this division will occure are located in the middle-east, the afghan-paki-indian zone, and the consequences of the american economic meltdown in China.
 
China, Russia, Inda, Iran, Pakistan, and Egypt are the countries who's internal conditions will be decisive in determining their region's balance of power, and the subsequent alignment of the global powers.
 
 
The Breaking Points
The Middle-East
The middle east was fractured by our invasion of Iraq. As we withdraw from Iraq, the Iraqi Shites will ultimatly rise to dominate Iraq, and the Iraqi Shites are the natural allies of Iran.
 
The Sunnis, though Bathist fascists, are allied with the "religious" American-backed Saudis, who also produced Osama and al-quda. Curently the Bathists are paid by us, the Americans, politically supported by Saudi conservatives, and are likely to fight as hard against the Shites as they did against the US before we bought them off.
 
Iraq has already been religiously and culturally partitioned by the respective sides, and when we draw down forces the Shites and Sunni are going to fight for control of Iraq.  The Kurds will side with whichever side promising autonomy and protection against the Turks. The Kurds are going to try to hold their own. This will likely be the price America, but nobody else, would give the kurds. Israel would take full advantage of a civil war in Iraq to attack iran.
 
 
Israeli intervention, or even an israeli pre-emptive attack,  in any war against iran  would potentially destabalize all of America's allies in the region. If Israel enters a regional conflict between Sunni and Shite it is clear that this would significantly destabalize our regional dictators. Our Saudi and Jordanian "kings," and especially our Egyptian Dictator would be hard pressed to maintain domestic political control of their countries if israel was their ally.
 
If this scenario plays out anywhere near the scenario described above, the positions that  China and Russia take would become crucial. Russia and China have been supporting Iran for quite some time. Iraq is well on the way to becoming Iran's #1 ally in the Middle-East, and Iran is already the dominant native power in the region. Any regional war involving Iran and Israel will significantly destabalize, and change the political alignments, if not bring down not just the American-backed dictatorships in Saudi Arabia, Jordan, Egypt, but would threaten our chain of Emirates along the Gulf who control the of majority of the world's energy assets.
 
Our Iraqi blunder has fully exposed the lie of American democray across the middle east, where American-supported dictators reign, and created a physical break point to coalese the expression and reality of an independent,  post-colonial middle east. But enough of this bubbling regonial conflict in the middle-east. Afghanistan and Pakistan call.
 
 
 South Asia
Tthe  second break point upon which global powers could angryily divide upon could be any one of the many flash points that drive the Afghan-Paki-Indian conflicts. We never reallly understood the situation in the region when we attacked Afghanistan.
 
Regionally, Pakistan has always considered Afghanistan as their deep retreat positon in case of an Indian attack against Pakistan. Everyone knows that India will defeat Pakistan in the low-lands, but will never win in the high country. So the Paki army and ISI have kept Afghanistn as a friendly, subordinat ally to provide defense in depth. Pakistan keeps Afghanistan much like China keeps North Korea and Burma, or as the US has pet regimes in Colombia, Saudi Arabia, and Egypt.
 
The problem from the Indian side involves not just Kasmir, but involvesw a situation similar to the one that the US confronted after 911. The attack on Bombay was planned and executed from Pakistan, as was 911, but India wisely refrained from attacking Pakistan and possibly triggering a nuclear war. In our case, we attacked Afganistan, which split the polity of Pakistan and ultimatly brought down our dictator Musharraf.
 
Our attack on afghanistan destabalized the delicate balance between the paki army, at the time represented by our dictator musharraf, the paki autonomous provinces, and the low land consituients of democracy. Our attack assured all would suffer. But what suffered most was the legitimacy of democracy, and the influence of the US.
 
At this point of time we have inspired the paki pashtuns to form a paki taliban. Our missle attacks, combined with our ill-concieved afgan invasion, have empowered the paki taliban to reach far beyond their first intentions, which was to reinforce their brothers in the afghan taliban. Our support for the Dictator Musharraf, then the supremely corrupt Butto, and her even more rapacious husband, Zadari has transformed the Taliban and Islamic law  into a force that represents a far superior form of justice to the people of Pakistan than that offered by western supported dictators in the name of democracy. What is important to understand is that we have already lost in the field and have been defeated politically in both Afghanistan and Pakistan.
 
As we draw down forces from our blunder in Iraq to reinforce, if not supercharge, the consequences of our defeat in Afganistan, we will find we have wedged ourselves even deeper between a rock and a hard place. Mark my words: this is a double-edged blunder. Our drawing down forces in Iraq is leaving the potential for outright civil war growing behind us, which could easily expand into a regional war, while increasing our forces in  Afghanistan will not change the facts on the ground there. Our military is having a hard time controlling Afghan territory that's in the full range of our weapons. Upping the pressure and attacks within Afghanistan and Pakistan will only serve to bring more chaos and further political destabilization into the low-land Paki cities, and ultimatly result in further diminishment of American political influence in Pakistan. And then there is China.
 
It is highly unlikely that China can continue to fund the US debt. It is doubtful that China, despite its centralized command and control economy, can avoid a major market crash. The period of "Open" China may be coming to a close, as I anticipate that the "party" will be forced to continue to turn inward to attempt to maintain stability and control of their vast population as their export-driven economy comes to a virtual standstill. In any case, don't expect China to come bail us out by buying our T-bills anymore, and don't be surprized if they spend the trillions they hold trying to prop up their economy with domestic spending.
 
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The global condition of our Corporate Empire is precarious. Our domestic Economic Meltdown has damaged the whole world economy, destabilizing first and third world nations Strategically, It appears that we have two significant locations where regional wars can break out; the Middle-East and South Asia. These wars could rapidly expand to include all the major world powers.
 
Our domestic corruption and the resulting financial thievery on Wall Street created significant risk of 1st, as well as 2nd and 3rd world governmental collapse all across Europe, Asia and Africa. The risks of governmental collapse are increasing as the global economic downturn deepens. This could lead to unexpected "kickers" rising at any moment, triggering local conflicts that could have global implications. In the meantime, the US govt is reinforcing the Army in Afghanistan, while reinforcing Wall Street in Washington.
 
Neither will work. The Age of Empire is Over, and we are doing nothing domestically or internationally to bring the end of this era to a soft landing. Our domestic corruptions and our foreign failures are now feeding each other. Our corrupted domestic politicians are incapable of facing, let alone fixing, the core sources of our domestic political and economic downfall: our political corruption and resultant loss of our democracy and our democratic rights.
 
Internationally, we are no longer capable of controlling and exploiting foreign countries to feed the luxury and consumption that drives our domestic economy. Our deep dependence and full control of cheap foreign resources has come to an end. The world has changed, and no people will tolerate foreign dictators without a fight. But our corrupted politicians are as incapable of of crafting foreign policy that does not depend on American Client Dictators as they are of identifying and fixing the corruption that brought down our domestic economy.