In 2009, I wrote “America for Sale: Fighting the New World Order, Surviving a Global Depression, and Preserving USA Sovereignty.”
Obama was ushered into the presidency in 2008 by a global economic crisis caused by the insistence of the Democrat left that laws and regulations should be passed forcing financial institutions to provide mortgages to people who did not qualify economically. Fueled by aggressive marketing in primarily minority communities, mortgage brokerage companies produced sub-standard mortgage loans rated as triple-A investments because of Fannie Mae and Freddie Mac backing.
Packaged by Wall Street into Mortgage-Backed Securities (MBS), the sub-standard mortgages became the chief instrument behind investment-grade packaged products that banks and other institutional investors purchased to hold in their asset portfolios. It quickly evolved into a pyramid scheme topped by a complex set of financial derivatives that allowed institutional investors to own pieces of MBS securities, such as interest-payments, or bets on interest rate movements. The derivatives greatly increased the international investment risk that collapsed, as sub-prime mortgages began to default in an increasing interest rate environment in the USA. The subsequent financial crisis caused massive bank failures in America and Europe, leading to the close of major American financial firms, including legendary Bear Stearns on Wall Street.
The financial crisis continued into the first year of the Obama administration, resulting in a massive federal government stimulus program that was used in part to bail out the failing banks and the rapidly collapsing mortgage industry. The book argued against the massive international trade agreements that Obama continued to pursue that resulted in massive outsourcing of manufacturing goods production to China. I argued that “New World Order” globalists planned to use these financial crises to create a new global economy ultimately leading to a one-world global government and the loss of American sovereignty.
The themes in “America for Sale” were a continuation of the work I had begun in my previous books, “Minutemen: The Battle to Secure America’s Borders” and “The Late, Great USA.” These books help set the groundwork for the “America First” themes Donald J. Trump championed in running for President in 2016.