Wednesday, October 26, 2011

the great game

Countercurrents | While the Tea Partiers and the liberals squabble over important domestic issues, America’s corporate and military titans, at the expense of America’s workers and taxpayers and with the blessing of Congress and the President, are creating China’s economic miracle. The military, at a cost of over $1 trillion, has paved the way for China to acquire and the U.S. to lose access to vast mineral and petroleum resources. The oil industry, with U.S. government assistance, is building a safe haven in East Asia from the imminent crash of oil everywhere else, by cornering the entire supply. And foreign investment, largely American, is giving China on average nearly one million new jobs a month while American unemployment soars.

This is a four-part series. Part One discusses why and how the oil industry could create a safe haven from its own collapse, and why it might choose China for the project. Part Two discusses how East Asia became "the right market" for the world’s remaining oil reserves, endangering everyone else. Part Three discusses how the US military has turned Afghanistan and Iraq into China’s good buddies. Part Four takes a broader view of what has happened and what if anything can be done about it. Enjoy.

Part I of IV - Thinking About The War

Also Read

Part II The US and Europe Aren’t "the Right Markets."
Does "Big Oil" have the resources to carry out your plan?

Part III Our Hand-Picked Governments in Afghanistan and Iraq Snub Us and Befriend China

Part IV What’s Really Going on Here?