Very well stated.
Picture 1937 through half of 1939 and in American stores shelves were overflowing with a multiplicity of goods labeled "Made in Germany" & Made in Japan" (In relation to "Made in [Red] China".
In relation to the late 1930's I am not precisely sure where we are in comparison in 2006, however but the hour is very late. The next major international explosion will either be Iran and or Syria, with their cohorts in the extended Axis of Evil making the problem worse. Then there's Putin, one of the principal heavy arms dealers to the Axis, waiting in the wings like a vulture while the anti-Western proxies continue their wars wars of terror against US and Israel.
It could be an rather expensive heating oil season coming up.
Somthing along the lines of the Spanish civil war IMHO.