Friday, August 12, 2011

America's Credit Rating and America's War Against Albania

I Pledge Allegiance to...One Destitute Nation, Under God

The 1997 comedy motion picture, Wag the Dog, starring Robert DeNiro and Dustin Hoffman, is about a Washington spin doctor who, just days before a presidential election, distracts the electorate from a sex scandal by hiring a Hollywood film producer to construct a fake war with Albania.

The movies succeeds as farce only because just a tiny minority of Americans could locate Albania on a map, and fewer still would take seriously that America could be threatened by a nation so obscure.

Now, in the 1980's when I was a stockbroker, although a far cry from a power-elite insider, I was at least able to recognize accepted "truths" of that era. And in that era, the notion that America's credit worthiness - rated then at AAA - could ever be called into question seemed as probable as that we might be threatened in war by Albania. Nevertheless, here we are; Standard & Poors has downgraded the creditworthiness of the USA to just AA, in the wake of a doubling of our national indebtedness in just five years, mostly under liberal Barack Obama.

The Bible is very clear that it is God who determines the fate of nations - he holds them in the palm of His hands, to exalt them or bring them low. The breathtaking change in America's creditworthiness is testimony to God's power and unassailable will - God will bring to pass whatever He purposes, and no power in Heaven or on Earth can stand against Him.

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