It first became apparent when he took away the freedom of the press by executing journalists and closing newspapers and broadcast media. He who controls the information, controls destiny.
The war in Iraq is having the same effect on our economy that the Viet Nam war had in the ’60s and ’70s. During LBJ’s administration, he made the decision to abandon the gold standard in order to hide the inflation caused by the war. By the time Nixon got into office, we had such high inflation that the gold standard had to be abandoned altogether or cause a breakdown in our monetary system. By the time Carter took office, the damage had been done and our ability to recover from it was seriously limited. Reagan changed the focus of the American economy and its people by engaging in an arms race with the Soviet Union that eventually brought it down, but it also caused the U.S. to incur serious debt. Clinton turned the economy around and had us back on the right track, but the GWB took over and single-handedly destroyed our economy, got us into a war of choice that we could not afford and, consequently raised the national debt to unheard of levels. Since abandoning the gold standard in the ’70s, we have been the victim of the unbridled, unregulated currency market where those who hold our debt manipulate the value of our currency to get us deeper and deeper into debt.
GWB’s war in Iraq and mismanagement of the economy has put the finish on us. We are facing a global depression the likes of which we have never seen in our lifetimes, and even our grandparents, who went through the Great Depression, will not have experienced. There are already food riots in Bangladesh, Africa, Haiti and the far east.
The first order of business for America is to move from an oil-based economy to renewable, environmentally friendly sources of energy. Once we have freed ourselves from that slavery, we can control our own economy and manage our debt and monetary system. Until then, we have set ourselves up to be the greatest victim of our own greed and sloth.
We cannot help a starving world unless we can first feed ourselves, and that means facing the economic crisis created by our oil-based economy as if it were a national security challenge, because it truly is.