posted on Aug, 6 2011 @ 08:53 AM
I have a suspicion that for years they have been our credit card without any complaint because they knew this day would come and they could shut down
our borrowing from them which would mean we either cut or collapse. Either way it would result in enormous social chaos. The US could only go to war
all these times, cut taxes so many times, and spend like we have because we have the global reserve currency and borrowed like a chain gambler from
China. Now that our downgrade has occurred and we are up against the wall, they can hit us with this.
What happens then? Well the US goes tumbling down a long road of harsh austerity, retreat from the international scene, and a free-fall of the
American standard of living. But it is not just us; it is Europe as well, our buddies in crime. Now that our Western economies are in the tank China
can pull the rug out from under us. If you think the Chinese were stupid this whole time lending to us, then you are stupid, this was a plan designed
by them for their benefit.
Where else will the world turn when the Dollar, Euro, and Pound sink into oblivion with China remaining comparatively strong with a robust
manufacturing sector and almost no debt. This is their time to shine and they know it. There is no reason for them to confront anyone militarily when
they know we have an addiction to debt, we show up at their door, “umm hey man… I like umm really need some more money, I know I already owe you
but you know I am good for it right *sniff*. Come on man I got like a family to feed and umm…”