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Debt limit deniers, and what would really happen if....

POSTED BY: SIGNYM
UPDATED: Sunday, October 13, 2013 14:29
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Sunday, October 13, 2013 11:41 AM

SIGNYM

I believe in solving problems, not sharing them.


Thanks to traitorous "outsourcing" to what was initially Chinese prison labor, "American" corporations have moved en masse to China. USA manufacturing has been gutted as a source of jobs, and now we have only three things to assure our place at the international table

The American petrodollar. Since the 70s, by agreement, the OPEC nations have agreed to accept American dollars - and ONLY American dollars - for oil. That means if you want to buy oil you need American dollars. So by fiat, the USD became the world's exchange and reserve currency.

Raw resources. Like many undeveloped (de-developed?) nations, we have raw resources to export: Food, timber, fracked gas. Not an enviable position to be in.

The military. Yes, our monstrous bloodsucking military, with boots on the ground everywhere except China and Russia and a few insignificant nations, is there to make everyone fearful of crossing us in some unspecified way, otherwise we just might practice "regime change" for the helluvit.

So we have this tripod, and the Tea Party wants to kick one leg out from under.


If you don't think this is the case, look at what our biggest creditor has to say about the shutdown and the current Washington dysfunction, whether we break the debt ceiling or not

Quote:

"As US politicians of both political parties (fail to find a) viable deal to bring normality to the body politic they brag about, it is perhaps a good time for the befuddled world to start considering building a de-Americanised world," the commentary on state news agency Xinhua said.

In a lengthy polemic against American hegemony since World War two, it added: "Such alarming days when the destinies of others are in the hands of a hypocritical nation have to be terminated.

"A new world order should be put in place, according to which all nations, big or small, poor or rich, can have their key interests respected and protected on an equal footing."

... It added that emerging economies should have a greater say in major international financial institutions the World Bank and International Monetary Fund and proposed a "new international reserve currency that is to be created to replace the dominant US dollar".

This isn't news, hubby and I watch both Russian TV and China TV. Until now, China has seldom had anything negative to say about the US. Their main theme was always harmony. It still is. And that is why this official statement... and the many unofficial ones we've seen recently ... must be taken very seriously.

China has shifted from being the big younger brother, to the idea of "going it alone", to actively making friends and allies in the world and developing a power structure which can, if necessary, isolate and defy the USA. They and Russia are experiencing a rapprochement.

2008 was a big wakeup call to the Chinese. A BIG wakeup call. Until then, all of their experience with capitalism and the West was pretty positive. The financial collapse made China very aware of the thin ice that western economies stand on. Since 2008, they have decided to shift their economy from being export-dependent (and therefore dependent upon Western demand) to boosting internal demand. And watching the US Congress bungle simple budgetary and debt matters... while holding the majority of US Treasuries... has propelled China into PULLING THE PLUG on US hegemony.

You really should read the whole article here
http://news.yahoo.com/americanised-world-needed-us-shutdown-china-medi
a-053014967.html



Last days of the empire.

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Sunday, October 13, 2013 2:29 PM

SIGNYM

I believe in solving problems, not sharing them.


bump. China has decided to "pivot" as well. This is really important.

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