Wednesday, August 26, 2009

American Financial Meltdown – The Last Alarm



9/11,the devastation of World Trade Centre and attack on Pentagon with the use of civilian aircraft as explosive was the first siren for American Imperialism and Financial melt down may be the last warning bell for Americans and their policy apparently in an Uni polar world. Shrewd maneuvers of Regan Administration help the end of former USSR with co-operation of innocent and benevolent Leader Mikhail Gorbachev, then General Secretary of Communist Party of USSR. European and American leaders led Mr. Gorbachev in the garden path by their initial support of his policy of Glasnost and Perestroika but pulled the trigger when Gorbachev required moral and material support from west to meet the challenges of transition. Bush Sr. Administration claimed strategic victory for fragmentation of USSR. President Jorge Bush Senior developed an American ambition of Super Power Dom much like fascist, to Rule the world by force with concepts popularized by Regan Administration; like star war that is arming of the skies. History is replete with examples of how ambition to enforce authority over the world has led to decimation of the very country and its leadership. Alexander and Adolph Hitler were classic example of such ambition leading to the termination of their empire. Americans are credited with infamous first use of Atomic Bomb in this planet at the end of World War II, when it was least required strategically. The use of Atomic bomb by terrorist group is now hunting American State. America may be the next target of Atomic bomb by Islamic Terrorist group. 9/11 took ten years to plan and currently over 2 million Muslim Americans live in USA. If the current American policy against Muslim countries does not change; it may so happen, USA would invite wrath of atomic bomb from its own atomic arsenals by one of its very own Muslim American sympathizer of Jehadi element. This may appear fictional at the moment, but the determination of Muslim fundamentalist force and free access to state of the art technology and pool of highly competent human resources has unfortunate potential to be a very real threat to USA.Terrorism is a dangerous mindset created by deprivation, alienation and injustice meted to a section of society by indifference of State/Foreign power and its solution lie in the minds of affected people and not in use of disproportionately huge Fire Power. Americans must learn from the mistakes of former USSR and pursue a healthy strategy of Collaboration with Taliban Leadership who is ironically a byproduct of two decade old American policy to contain USSR with liberal support from the spoilt child of South East Asia, Pakistan. Interestingly Pakistan is bleeding from the wrath of same Islamic Fundamentalist forces, they help create to use against India with tacit support and encouragement from the then big Daddy, Americans.

The symptom of current American Financial meltdown, apparently, the result of over leveraging of debts and imaginative financial instruments to create artificial liquidity and windfall profit by a large spectrum of American Financial market. The deeper fundamental problems were; years of American allocation of resources to defense sector at the cost of needy social sector, short term profiting from Arms trade across the world orchestrated by famous American war machinery and of course due to austentious consumption and Greed & Life style in conflict with Nature. America has thus far survived because of unprecedented global faith in its currency-US Dollar. If America continues to pump money in offensive posturing, the whole financial system would collapse under the weight of eroding global trust on its currency and would loose considerable influence over affairs of the World.

Land slide verdict in favor of senator Barak Obama and his vision for change rekindles a new hope for a world free of war and violence substituted by peace and development. Mr. Obama, the President Elect after assuming office of the President of USA would need a robust Policy for a common World, One Religion of Humanity to create shared understanding among religions on the basis of their own teachings of universal brother hood, Shared Climate and Interdependent Global Economy to usher in Security, Peace and Prosperity across the World.

American Financial Meltdown – The Last Alarm

Author: Bikash Choudhury, Chief Executive of Strategy Consulting Firm 'STREBEN MARKETING SERVICES' based at Bhubaneswar, Orissa. Contact: Mobile: 00 9853426657 Tel: 91-674-2720271

email: streben.market@gmail.com & bikashchoudhury@sify.com

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