Chapter 73 Bush narrowly escapes

On October 19, 1987, the bubble burst.On that day, the New York Stock Exchange's Dow Jones Index fell to a record high, falling 508 points, which has fallen below the bottom line of Reagan's "economic recovery" policy.However, it has not fallen below the strategic expectations of the Thatcher-Bush faction in the Anglo-American establishment.They decided to continue to ensure that sufficient funds were provided to maintain the economic bubble until the new President Bush took office to implement the grand strategy of the end of the century. Numerous articles have been written about the October 1987 economic collapse.These articles prove that depressions like the 1930s are a thing of the past.But this time the economic collapse was a signal that the policy of deregulating financial speculation that had kept the British and American economies afloat since the early 1970s was coming to an end.

Facing the November 1988 presidential election, George Bush enlisted the support of his former campaign chief and close friend, Treasury Secretary James Baker, along with a powerful group of American research institutions, to ensure that foreign capital continued to flow into U.S. bonds and the stock market, leaving voters delusional about the Reagan-Bush economic recovery policies despite the impact of the October 1987 crash. Washington appealed directly to Japanese Prime Minister Yasuhiro Nakasone, arguing that Democratic leaders like Gephardt would undermine Japan's trade with the United States, and Washington's demands were met.Yasuhiro Nakasone put pressure on the Bank of Japan and the Ministry of Finance to cooperate. After October 1987, Japanese interest rates fell faster and faster, making U.S. stocks, bonds, and real estate look "better deals" by comparison.So billions of dollars flowed from Tokyo to the United States.In 1988, with the dollar strong, Bush could secure his electoral victory over Democratic rival Dukakis.To secure such support, Bush privately assured senior Japanese officials that US-Japan relations would improve during Bush's tenure.

For the first time since Franklin D. Roosevelt in the 1940s, wealthy East Coast establishment insiders intended to treat the Bush presidency as direct control of the White House.Bush's task is to help the United States through the most dangerous period since 1919.In the first few weeks of his election, he came across as decisive as he tackled some of the urgent issues facing the country.He proposed a fundamental restructuring of the country's nearly collapsing bank savings and loan system, and following the bizarre spill from the Exxon Valdez oil tanker, he followed the voice of the people and made environmental protection a priority of his tenure. The approval created a series of aggressive and punitive laws, the first since Jimmy Carter.Both measures turned out to be disastrous, but, in the first few months, all that was revealed was that the new president had Personal charisma and courage to control the international situation.

The new Bush administration's plan is to put pressure on certain allies to increase their "burden-sharing ratios" in response to America's enormous debt burden.It has also been suggested that the Soviet Union was disintegrating, leaving only one superpower of overwhelming military power and size—the United States.In this case, Germany, Japan, and the other major economic and military allies of the United States should shoulder some more financial obligations to maintain this superpower.This is an extortion attempt to cover up. It quickly became clear that the "kinder and gentler America" ​​advocated by Bush has nothing new except for using exaggerated tactics to cater to the appetite of the elderly and win votes.After entering the White House, Bush quickly adjusted his policy and turned tough.Just in December 1989, during Bush's first Christmas as president, the United States launched a military invasion of Panama, a small Central American country, and made excuses through the media.According to eyewitness estimates, the United States sent special forces and American bombers to invade the small country under the pretext of arresting the alleged leader of the drug syndicate, the de facto ruler General Manuel Noriega, killing more than 6,000 Panamanians , most of whom are poor civilians.

The administration's attorney general, Richard Thornborough, who was governor of Pennsylvania at the time of the Three Mile Island nuclear incident, had caused widespread controversy over his handling of the nuclear emergency.He instituted an incredible new American doctrine.The Thornborough Doctrine gives the FBI and Justice Department the authority to act on foreign soil, if necessary, "in the course of enforcing the law across borders."In other words, it means that as long as there is an executive order, the US government has the right to unilaterally enter Germany, France, Panama or wherever she deems necessary under the pretext of tracking international drug or terrorist criminals, regardless of the sovereign state concerned law.When the United States invaded Panama, the civilized world responded with relentless silence, thinking it was "America's private business." It is unbelievable.

In September 1989, CIA Director William Webster publicly announced a bold new intelligence order for the US intelligence community.He pointed to growing signs that the Soviet Union under Gorbachev was eager to reach a disarmament agreement with NATO, especially the United States.In response to this indication, on September 19 of that year, Webster preached at an elite gathering of the Los Angeles Council of World Affairs that the CIA was being restructured for new missions in the late Cold War.Webster told his audience: "The economic issues I mentioned - trade imbalances and technological developments - illustrate a point that has become increasingly clear: Our political and military allies are also our economic competitors .” The new mission of U.S. intelligence agencies around the world was to be economic espionage and other operations against key industrial “allies” rather than hunting down communist military operations and subversion.