Tuesday, February 21, 2012

Author's Message

When writing The Quaker State Affair, I realized that Americans have grown numb from all the buzz killing news thrust upon them every day. All of us are suffering from chronic media "TMI." As a result, we’ve become desensitized at precisely that moment in time when our perspectives need to be challenged.

So, I endeavored to write this book to be an enjoyable read notwithstanding the fact that all hell breaks loose. And, from the various books reviews we’ve enjoyed, I guess that I managed to do just that. I hope you enjoy the book and I’d love to hear from you.

The world revolves around the drill bit and yet, man has passed the point where we pump more black, unctuous goo (oil) today than we did yesterday. This comes at a time when our oil appetite continues to grow exponentially. Just imagine 1.3 billion Chinese with average incomes in 2035 equal to American incomes today (fact).

The problem is that oil is priced in US dollars and those greenbacks are losing their buying power at an unparalleled rate. Meanwhile, a worldwide movement is afoot to replace the US dollar as the sole currency used to purchase oil. When, not if, that occurs, life as we know it will turn to pooh. This book is about such a moment in time, sans the buzz kill, of course.

Compounding the geopolitical problem is an emerging China with serious structural and cultural issues that they will not be able to suppress for much longer. Their economy is riddled with corruption, unofficially high levels of inflation and political unrest arising out of the enlightenment of its people. Socio-economic tensions in China are real. Its rural population is depopulating at a time when Chinese need evermore from those migrating farmers. Pollution in China is out of control. They thirst for oil. Their imports are growing faster than their exports. The overall trade surplus of China has fallen 34 percent since 2009. America, China’s favorite buyer, is dead, flat, irritably broke. That’s a problem if your job is to centrally plan the world’s second largest economy.

Amidst all the turmoil, China is amassing a naval armada unequaled in man’s history. It uniforms over one million men and trains them at a pre-war frenzy. For what?

If one could construct a financial balance sheet to depict the world’s economic “net worth”, that image would paint a dire picture. The world’s sovereign paper-based currencies and the countries that print them are bankrupt. The corresponding Credit Default Swap redemptions would collapse the financial systems if that realization ever took hold. This, then, is a tale about all such things coming to a point in time when a seemingly harmless event pushes the inevitable into motion and sets upon the landscape a hundred years of backdrop that unfolds "overnight." It’s a story of intrigue, tragedy and hope.

- Dan Romain

1 comment:

  1. Dan, the last paragraph of your message is so true! I have been writing about this myself, re: the Fed's money printing. In my book, American BeheMouth, I equate our country to a hand-fed fattened bass, greedy to receive the handouts. I look forward to reading the book.

    Jason Covington
    Author of American BeheMouth
    http://behemouth.com

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