God made us the richest nation in the history of the world by providing us with the resources and the knowledge to use them. The financial disgrace of our nation occurred because of a lack of moral dependence on Him for guidance in the decisions made by individuals and a lack of checks and balances over businesses and government officials. Digital money and fictitious legal entities allowed for uncontrolled speculation without accountability.
We are near the end of the experiment of the Republic form of government envisioned by the founders of the United States of America. Five issues will cause the total financial ruin and collapse of the United States of America.
Imagine what happens when the US dollar is no longer the world's business currency! What happens when countries refuse to buy our bonds?
OPEC oil sales will be based in local currency other than the American dollar. For centuries Dubai has been a trading hub and now trading has begun on the Dubai International Exchange, although trading on the local market, the Dubai Financial Market, where trading takes place in the local currency is booming to a greater degree. Both markets are controlled by the emir. Developing Islamic financial centers has been a major project over the last two decades. It is starting to show success in the centers of Dubai, Qatar and Saudi Arabia itself. How will this effect the trading of oil? It is not good as they do not have the interests of the United States at heart and they now have enough money to buy anything in the world that exists in a free an open market economy, one with individual freedom and property rights the largest and most open being the USA.
Foreign national oil companies control more and more of the world's oil resources. Our independent oil companies are being forced to spend billions of dollars per well in the most harsh conditions in the world to find new sources of oil. The price of oil is only going to increase.
The OPEC oil embargo in the seventies had a major impact on our everyday life around the world. In that episode the winners and losers in the whole episode were in general the independent oil majors, the OPEC governments coming out ahead the most, and the US in general doing fairly well thanks to petro-dollar recycling, but the developing world got financially wiped out (which much of it still hasn't recovered from). Least we forget the effects of the current energy dependency on oil to developing nations consider the cost of oil at $75 barrel in a society where the average income is less than $1 a day. Economic and social development in the developing countries is limited by energy services, supplies and use. Lack of Oil based energy systems severely limits developing countries ability to produce their own food. Non industrialized, food dependent countries do not provide for the development of individual freedoms and stable societies. They are ripe for take over by terrorists.
Today the flow of petro-dollars is to oil producing closed states, where the people do not participate in the increased riches. This results in a small number of Islamic leaders with control of large sums of money to accomplish their objectives, which have been clearly stated as a new one world Islamic state. The petro-dollars are not being invested in the once safe haven of the United States Treasurer bonds but rather in buying western companies, building Mosques in western countries including the USA and building infrastructure to create an Islamic homeland for the rich oil monarchs to live in style. Non Islamic oil nations like Russia have been able to tighten control and return to a closed state due to the influence of the inflow of petro-dollars. From bankruptcy brought on by the great policies of Ronald Reagan the communist empire is rebuilding on oil into a world power which might offer greater challenges to freedom than even the Islamic terrorist. Look at what is happening to the oil supply in Europe.
Consider the power of OPEC. Consider every time our actions are questioned based on the need for oil. Consider how these same foreign leaders stay in power by the very fact that they control the money, these countries have no bill of rights and no private property rights. The call should be for these other countries to open their markets for free enterprise before their sovereign wealth funds are allowed to purchase and control critical US assets and companies. Their system of doing business does not allow for foreign purchases of their major businesses or in most cases even foreign participation in ownership. For instance you could not buy oil rights in Saudi Arabia. It should not surprise us that these oil producers pursue their interests, excesses and ideologies with our money. But the massive transfer of wealth to some of the world's least responsible nations should disturb us.
We have known what to do about this for a long time but have not taken the necessary actions. Again we have stood idly by for 40 years allowing the problem to grow worse. As a nation we should feel the urgency of the financial problem, it could wipe out life as we know it in the USA in a matter of days.
What is lacking is the competence of those politically responsible to make the hard decision and take action.
Almighty God, help us not to look at the immensity of the task before us, but help us to look at the immensity of our all-powerful God. With humankind many things are impossible but with You, our Father, nothing is impossible. We want to trust You for supernatural workings in our lives and in the duties before us. As we go about our daily activities help us to see the answer to the question “who is you neighbor?” Help us to understand why it is important to come together as a nation not of individual free men without a purpose beyond our own desires but as people focused on the need to create a unified nation of individuals with strong Christian morals based on the 10 Commandments.
Lord we live in an open society, which can't be ruled but can be broken. The details of our decisions, our determination and how we function is available for the world to see. Our enemies seek to drive a wedge in, get their fingers on it -- and control us for their benefit. They won't need a whip – the yoke of oil and our own need for pleasure will do their work for them. They use the strength of our system of government against us. Our whole country is for sale and, thanks to our addictions to trinkets and oil; we gladly hand over the dollars to buy it from beneath us.
Lord, forgive us; provide us with the aspiration, ingenuity and the integrity to focus our efforts in ways that bring the greatest joy to you.