Mini-me,
You were being rational in your thought processes of options the global elites can take.
So far, their rational lead them to chose the option of invading Iraq, killing Saddam and take over control of their oil.
They chose to attack Lybia, kill Gaddahfi and throw a wrench in their going off the petro dollar system for now.
Why won't they choose to attack Iran next? Iran has friends that can make it a real cluster&^%$ for us if we do.
The global elites are KRAZY, not rational.
I am hoping as you suggested may happen, that many puppets get a flash of conscious and turn on their puppeteers through this, including those in the media.
Unfortunately, I meant my comment about puppets more pessimistically: If some of the elites are actually American imperialists for real, the warmongering and third world country takeovers could very well be - as you say - irrational and desperate means to an end. However, pretend for a second that the actual globalist elites are not actually crazy enough to take things as far as all-out World War III. Pretend they're willing to take over countries like Iraq, Libya, and Iran, but they'll back down from war with China and Russia if push comes to shove. What about their brainwashed neocon puppets? Those guys might still actually believe in American empire (AMERICA, F*** YEAH!) with all their hearts. If that's the case, then those guys will still be crazy enough to drive America into World War III even if the globalists are not...which makes them dangerous to ALL of us.
Personally though, I tentatively believe the first option (from my above post) is the case: At least some of the elites want to keep the petrodollar game running as long as they can, but I do think they're also excited about letting America start World War III, so we'll be demonized for the rest of history almost as much as Nazi Germany. I have the impression that they hate our Enlightenment heritage, the Constitution, and the Declaration of Independence SO much that they want to see us destroyed, and they never want another country like the US to ever come into being again. Their takeover of the country was our humiliation, and our destruction will be their triumph.
All that said, I think China will be loathe to go to war, even on behalf of their ally Iran. They just have too many US dollars on the line to let the US destroy itself suddenly, so they're much more interested in seeing a world currency take shape before World War III or a petrodollar collapse. At the same time, some of their allies do not share those same interests...which is why there are just so many possible outcomes from this situation. For all we know, the elites are playing both sides too: They could be happy with either World War III or a global fiat currency, whichever comes first (and a global fiat currency will likely follow World War III anyway).
It's quite possible that other countries are watching our elections with interest to see if we have a change in policy at this 11th hour. I don't know if 2012 is our last chance or not, but 2016 just seems so far away right now, now that I've finally taken these issues into full consideration.