A Neo-Brodingnag - Awakening A Giant
By Al Cronkrite The Covenant News ~ January 26, 2006
Lemuel Gulliver, Jonathan Swift's early Eighteenth Century fictional traveler, on his second voyage went to the land of the Brodingnags. Swift chronicles his adventures with these forty-foot tall people who are juxtaposed with his previous relations to the six inch Lilliputians.
Indian lure provides a fascinating tale of a sleeping giant that can be viewed across Lake Superior's Thunder Bay. This legend involves the Ojibway Natives, their Spirit of the Deep Sea Water, Nanabijou, and a rich cache of silver.
Another giant has been awakened through power driven utopianism with a bit of avarice mixed in. When President Richard Nixon visited China in 1972 it was a third world nation that had been conquered by Communists. The Japanese had digested the huge bite they were allowed to take from the American economy and it was time to loose another predator. Opening relations with the Chinese posed no challenge, they had everything to gain and nothing to loose.
And so it was that our own leaders, with Henry Kissinger at the forefront and President Nixon the figurehead, treasonously set the stage for a continuing but more severe sacking of America's wealth.
From a financial standpoint opening our markets to the Chinese and Japanese provided a furtive benefit. As the workers in these nations allowed their employers to accumulate billions of American dollars, previous agreements and a dearth of exchange venues funneled them into the American bond market thus helping finance the huge debts the American juggernaut creates. Cheap foreign labor is one of the engines behind American imperialism.
There are also great benefits for the Chinese and Japanese as well as other third world nations whose labor forces are creating the world's manufacturing base. These new production machines are sharing in the latest technologies and learning to produce state of the art products.
When the efficiency of American industry and education was systematically diluted by relaxed standards and sloppy workmanship, better products began to come from Japanese producers. Fat with American dollars the Japanese not only purchased our debt by buying our bonds but also bought billions of dollars worth of American real estate and commercial enterprises.
As China, Mexico, and a host of smaller nations were stirred into the pot it was the Chinese Brodingnag that stood out. Now trade deficits with China accumulate in billions of dollar increments each year.
America has arranged a financial racket that allows it to spend exorbitant sums of money on efforts to gain world hegemony. As long as the dollar reigns supreme we can purchase foreign goods with dollars that are then used to purchase our massive debt. The risk of our default is borne by the nations that are investing in our bonds. If America falls so do their investments.
Much of our oil is purchased with the same arrangement. Rogue nations like Iraq and Iran are exceptions. Before Saddam Hussein was overthrown he had begin using Euros rather than dollars for crude oil transactions. Iran is now doing the same. With oil reserves as a wedge Iran may continue in their attempts to overthrow dollar hegemony until they are stymied by American aggression.
It is the ability to manipulate the financial markets that allows control of the Chinese behemoth. That situation will remain until Chinese technology and self-sufficiency allows independent action. If that occurs Chinese animosity toward America will be given free reign and the scheme may be in trouble.
America's policy of creating a series of paper tigers as surrogate enemies could crumble in the face of a real and overwhelming challenge that would sink dreams of world government, dislodge the money barons, and allow Asia to rise to power. This is the risk being taken by hidden financial manipulators.
Japan rose to great wealth and power riding the American markets but as they reached new heights their stock market crashed to about half its value, real estate values plummeted and the financial threat they seemed to present faded.
Japan is an island nation heavily dependent on the ability to finance and purchase imports. China is more independent. Nevertheless, her finances have been enslaved by a Central Banking system similar to the one that in 1913 robbed America of her independence. A means of extricating from that system without crashing their economy would be necessary to allow a rise to the power pinnacle.
China has become the manufacturing center of the world and the technical ability to make products that are in worldwide demand is an intrinsic source of power. As this power continues to grow and the Chinese people gain enough wealth to begin to support their own economy the need for American purchases will diminish and a new independence will arise. If this comes about there will be an attempt to stifle the Chinese economy similar to what went on in Japan. If it is successful the world will continue in its present path with world government and power vested in the moneymen. If not, China will rise as leader and Asians will be astride the globe.
Regardless of the eventual outcome personal liberty will enter a dark age of unknown duration and Christians will endure a persecution that will rival the Romans.
Ultimately, as the madness of human power centers is seen in all it ugliness, a new allegiance to the One True God and His legal system may be born from the ruins. It is then that mature Christians must provide leadership and direction that God's creation might again be inhabited by an obedient people blest with peace and prosperity.