CIRCULAR LOGIC..

The Multi National corporations based in the United States built China up by investing capital, and transferring manufacturing technology to China, then these Corporations through their lobbyist, got the United States to lower tariffs on these Chinese made goods this is reflected in China’s entering of the WTO.
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Then China builds up huge trade surplus with United States gets a glut of dollars and spends them around the world to get the commodities it needs to manufacture all the goods that it now makes for the world.
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China gets major political and economic foothold in the resource rich continent of Africa pushing US and western companies aside, and the US tries to kick China out Africa through Africom and military intervention. Essentially denying places for China to sell it’s surplus dollars, Libya being a prime example.
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If the US government didn’t empower the Chinese through it’s trade policies the US wouldn’t be having all these problems in Africa right now.
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The trade game is going to change now though as China has sucked all the easy value out of the US and probably will be raising the price of the goods it produces as it is not as dependent on the US market as it once was.

Too much credit was created in boom.

Too many claims via credit on real value in the economy , but not enough real value and productive activity to satisfy all the claims on it.
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It was easy for the economic system to create credit, hard for it to create real value.
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Value in the form of educated work force, that created goods and services that warranted the amount of credit created if that made sense.

Flag of East India Company.

I BELIEVE THIS FLAG IS FROM YEAR 1707

I believe this flag is from the year 1707 not sure though, they had several flags over the course of their history.
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The East India Company was created for trade with India and China.
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The East India Company traded mainly in cotton, silk, indigo dye, saltpetre, tea, and opium.

PETRO EMPIRE

An author at New Yorker Magazine once said
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The British Empire’s Navy moved on wind power.
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Tthe Mongol Empire moved on the grass that their pony’s ate, and there fore were restricted to to the seasons the grass was not burried under snow .
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US Empire moves on Oil .