Not quite "Uncle Sam's" final fling

Sometimes you don't have to understand everything and understanding just enough means that you get the picture and with a little bit of help I am now beginning to get the picture. Having said that, I have to confess that my beginning to get the picture is based mainly on my reading an article written today by William Engdahl, who I have had a certain faith in since reading his book, 'A Century of War',1 a couple of years ago. Today's article was written under the title, "Behind the Panic: Financial Warfare and the Future of Global Bank Power".2 The article itself is convincing, it convinces through its clarity of explanation and as it convinces one might be excused from being a little worried. That is because, while Engdahl's detractors might accuse him of being a paranoic politically motivated nutcase who sees conspiracies everywhere, the very fact that Engdahl was writing about and analysing the approaching financial tsunami as early as November 23, 2007,3 can only lend him further credibility. It would appear everyone was surprised when the tsunami arrived, apart from those CEOs who had already taken their money and ran and Engdahl himself. However, Engdahl shows that this was not the case and most certainly the US Treasury Secretary and the ex-Goldman Sachs CEO, Henry Paulson, has a well thought out strategy. Now part of that strategy is helping his cronies and making sure that the American taxpayer helps him to help his cronies. However, as one European banker pointed out, "There is an all-out war going on between the United States and the EU to define the future face of European banking.4 Furthermore, it would appear that the British are in Europe this time round and it is a Europe where the banks are being recapitalised in preference to Paulson's approach where useless bonds are bought from those banks that Paulson chooses to save. These are banks where Paulson's cronies sit and in the Citigroup, JP MorganChase and, naturally his own Goldman Sachs, the rise of three global financial giants has been facilitated and it is going to be interesting to see how those banks attempt to control and gobble up the European banks in the future. Fortunately, for Europe, by nationalising banks that are deemed too important strategically to go down the largest EU governments in particular, the UK and Germany, have adopted a strategy that will allow their large banks to resist the coming aggression.
The evidence would appear to suggest that, this time round, the British have followed the Germans and that Gordon Brown was quite right when he said that the British plan to rescue the banks was different from the American one. These are interesting times and could this be the beginnings of the first cracks in that "special relationship". The battle lines are, indeed, drawn and with China, India and Russia on the horizon it could very well be that the Europeans will take their place "inter pares" and not as America's puppet. The battle is not yet won but if I were a betting man I would say that Paulson's grand strategy is not going to work and, while it is not going to be the last throw of the dice the evidence would seem to suggest that we are, indeed, observing the beginning of the end of American military and financial domination of the planet.
1 'A Century of War', William Engdahl, Pluto Press 2004
2 http://www.globalresearch.ca/index.php?context=va&aid=10495
3 http://www.globalresearch.ca/index.php?context=va&aid=7413
4 See 2 ibid