This book was published in 2007 but forecasted the economic decline of the American Empire which we are observing today. Unlike western historians who claim that American invasions are required for protecting freedoms and fighting terrorism and communism this author correctly explains that all American invasions and wars, without exceptions, have been started by the American Empire for territorial gains and imperial expansion. Far from promoting democracy, American imperialism changes regimes which are democratic and impose ruthless dictators will to work with the American Empire to exploit these American “colonies.”
The book explains the global shift from the west to Asia. Where once Asia’s over-population prevented economic growth it is now the engine of its economic growth. For five centuries before low income people moved from poor and rich countries alike to the developed industrialized world to seek higher paying jobs. Since the accidental discovery of the Mexican maqiladoras the developed west found ways of moving production from the First World to the Third World to be competitive by reducing labour cost. This global shift has been helped by containerization and the internet. China has been polluting its own economy to produce industrial goods for the west.
The book explains why the growing trade deficit between the US and China has nothing to do with the under valuation of the Yuan. As the recent debt crisis show the US has been living beyond its means for decades now. It can only do that by importing more than it exports. The evidence shows that the US has been borrowing heavily from China, Japan, OPEC nations and Caribbean bankers, among others. This borrowing requires lenders to buy $US which appreciates the $US. This higher value for the $US reduces US exports and increase US imports. This deficit in trade is necessary to offset the capital surplus from the foreign loans. The US trade deficit will only fall when the US starts to live within its means and start paying for its interninable wars by imposing taxes on its own citizens.
American obsession with wars and over-consumption of food, useless gadgets, and every conceivable disposable junk, not only degradates the planet but is bankrupting its citizens and its government. It is this ridiculous misuse of its limited economic resources which will bring about its impending demise.
The book shows why the US was never a peaceful, freedom loving democracy or republic. It began as a warmongering slave aristocracy and has remained largely an elitist and racist military-industrail complex. President Barack Obama lives up to his role as a dedicated warmongering commander-in-chief with no more vision for change than any previous American president. Good, smart Americans who can think outside the box are never elected to political office. The system which is still in place was set up by the original founding fathers. No American president ever deviated from the goal of expanding the empire by military means and false propaganda. No country has ever been a threat to the American Empire. But the American Empire has been, and continues to be, a threat to every freedom loving nation.
