Debt Ceiling: China Calls for World to Be 'De-Americanised'

Debt Ceiling: China Calls for World to Be 'De-Americanised'

Well this is a fine Hell-o - Good Morning - How are You Today eh ?

China is the top *foreign* holder of U.S. loan debt in the form of U.S. Treasury security paper.

They currently have over $1 trillion worth.

They also *own* more than $3 trillion worth of American assets.

And they have the *GAUL* to criticize ?

Maybe it's time for Americans to *Re-Think* a few things ?

Chinese government mouthpiece says 'Pax Americana' has failed on all fronts

China's official news agency has called for the creation of a "de-Americanised world", saying the destinies of people should not be left in the hands of a hypocritical nation with a dysfunctional government.

Heaping criticism and caustic ridicule on Washington, the Xinhua news agency called the US a civilian slayer, prisoner torturer and meddler in others' affairs, and said the 'Pax Americana' was a failure on all fronts.

The official news agency of China, which is seen as the pretender to the world's superpower crown, then rubbed in more salt, calling American economic pre-eminence just a seeming dominance.

"As US politicians of both political parties are still shuffling back and forth between the White House and the Capitol Hill without striking 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 editorial said.

Debt Ceiling: China Calls for World to Be 'De-Americanised'


IMO, it's time to make some changes.

We need to get the foreign banking interests out of America for good.

The U.S. has plenty of resources and the power to protect it ourselves.

So sorry Mr. Foreign Banker, many people say *screw yuz* !!!

We are sick and tired of staying broke for you.

Please go away and stay away !!!

reply to post by xuenchen


If I lent you money, more than anyone else did, I'd be pretty damned vocal about your business with the hopes that I'd be protecting that loan.

Remember, if the US defaults, china doesn't get paid. If the US economy takes a deep downturn, China suffers further. If our dollar devalues more, China suffers.

If we go down the tubes, we drag everyone with us. With us, goes the planet, if you will. So, our economic woes will be a global hurt and China, in an effort to keep themselves protected, is doing what they think is best. Can't fault them for that.


When corporations suffer economically, the largest creditors often swoop in to protect their investment. This is no different.

reply to post by xuenchen


This is the beginning of the U.S. demise regardless.

BRIC (Brazil, Russia, India, China) have been talking about De-Americanised world for the last 5 years or so. Now with the Gov shut down, debt ceiling possible fiasco, nsa spying on the whole world, no one wants to do business with the U.S. anyway, and the world is working together to get rid of the US Dollar as reserve currency for oil......

....once oil is traded via a differing currency globally, that's when we will be in for quite a ride.

U.S. is done, over with. Thanks to Corporate Military Industrial Complex Fascism. Its a country ran by Bankers/Fascists/Rogue Agencies. Which means it will all crumble, constitution hanging by a thread, public apathy, 1/3 on food stamps, jobs gone, .........

And, we ain't seen nothing yet!!!!!

reply to post by Crakeur


I agree with some of what you are saying.

But..

What purpose does their comment serve ?


China Calls for World to Be 'De-Americanised'


Obviously, somebody *thinks* "Americanized" is a dirty term.

That's the problem.

What do they expect the reactions to be ?

reply to post by xuenchen


over the years, there have been plenty of calls to untether from the american economy. It rarely works for a variety of reasons, primarily because we are the largest consumer nation and, if the white house wants to punish the chinese for distancing themselves from the bloated, stinking corpse that is the US, they can tariff the hell out of chinese goods, bringing the otherwise cheaper products in line with other products, causing a nice dip in their sales.


it's nothing more than bluster and rhetoric designed to force the gov't to do what is right, and necessary, to fix this mess.

Crakeur
reply to post by xuenchen

 

If I lent you money, more than anyone else did, I'd be pretty damned vocal about your business with the hopes that I'd be protecting that loan.

Remember, if the US defaults, china doesn't get paid. If the US economy takes a deep downturn, China suffers further. If our dollar devalues more, China suffers.

If we go down the tubes, we drag everyone with us. With us, goes the planet, if you will. So, our economic woes will be a global hurt and China, in an effort to keep themselves protected, is doing what they think is best. Can't fault them for that.


When corporations suffer economically, the largest creditors often swoop in to protect their investment. This is no different.

I disagree and I will use Canada as an example but first off let's establish that there is no inherent value in fiat currency. Canada is presently operating with a service oriented employment society, meaning that most sectors service each other and any value is recycled, as an example the government simply provides services that are internal to Canada. We do have a resource selling operation going on, which is actually servicing some of the fiat currency related foreign debt. If suddenly a wall went up around this colony, we could survive just fine, we grow our own food, have our own fuels, roads, transportation systems, make our own electricity and we can certainly redevelop the manufacturing sector to provide everything else. A linkage to the US dollar means nothing, except in the context of foreign trade and foreign debt. The only way there will be a global effect to the US collapsing, is if we collectively acknowledge that it should have an effect.

So who is promoting the fear mongering? The banks, the mainstream media and off course the puppet politicians. If suddenly you can't buy cheap crap from China because they won't sell to the US anymore, boo hoo, they can go pound sand. And remember as well that as the US dollar drops in the fraudulent currency system, the Chinese currency raises making their garbage too pricey for world markets. What happens then? China collapses, their manufacturing bubble bursts, real estate bubble bursts, etc., oh well..

This situation is a long time in the coming.

Cheers - Dave

Bummer is there are only a handfull of professional politicans in the whole country who seem to want to do that, most want to spend beyound the trillions and trillions....

No problem. Stop producing US products over there. Bring the jobs back to the US and then we'll see how good the Chinese people do without jobs.

my 2 cents:
here's the problem with all the "AMERICA IS DOOMED" talk, there is no one to replace the financial infrastructure, regulations, or controls that America has, even as bad as they now are. you can make all the noise about china being the next financial superpower, but the corruption there, as it relates to it's own financial markets, data, and infrastructure, (remember, this is the same country that built entire cities, where nobody can afford to live in them) is so volatile, that you cannot expect them to be the financial center of the world... yet. Russia's seemingly gangster/mob controlled government doesn't inspire any confidence either, it makes America look like honest Abe compared to their Al Capone. you have Saudi Arabia with trillions in assets, but control of everything there will be by the royal family, and when they change their minds, nobody questions them. that's not necessarily the government, where the worlds capitialists would desire to have all of their wealth controlled from. the ECB has been weakened by it's own problems, due to the vast differences in culture, and history of each country. now, is this going to change in the future?...probably so, but, anyone with vast wealth will be diligent and choose wisely.

reply to post by bobs_uruncle


so, if we stop paying china and don't repay the trillion dollars owed them, you don't think that will cause a ripple over there?

if china loses US sales, they won't suffer?


Countries have been lending each other money and there's this massive spiderweb of connections between nations, each strand a loan. When a country goes broke, that strand breaks. When it's a small country, like Iceland, the larger countries, like the US, can withstand the loss but smaller nations, like greece, cannot. When greece goes belly up, slightly larger nations, like spain, will suffer the lost monies.

When the big fat US goes belly up, everyone suffers. No more foreign aid. No more economic support via low import export rates. No more debt service.

The US and other nations have been propping up various sectors over the years and now the biggest sector of them all is set to topple. The countries are the next industry to need a bail out but there's one small problem. who bails out nations?

reply to post by Merlynn


easier said than done. overseas labor costs, and rules, are far more lucrative for corporations.

Merlynn
No problem. Stop producing US products over there. Bring the jobs back to the US and then we'll see how good the Chinese people do without jobs.

America doesn't have a manufacturing infrastructure anymore; go to any large rust belt city and tell me what you see. We used to make steel in this country; now we make happy meals.

My advice would be to learn how to count in Chinese because the yen will soon be coin of the realm.

Merlynn
No problem. Stop producing US products over there. Bring the jobs back to the US and then we'll see how good the Chinese people do without jobs.

I agree.

The solution is be self sustaining again.

Even IF the U.S. *defaults* on loans, the loan paper will be sold at lower prices to somebody else.

Perhaps the Federal Reserve can actually *help* this time.

All they need to do is buy the discounted debt and keep it here at home.

dominicus
reply to post by xuenchen

 

BRIC (Brazil, Russia, India, China) have been talking about De-Americanised world for the last 5 years or so.

....once oil is traded via a differing currency globally, that's when we will be in for quite a ride.

You hit the nail on the head with that statement.
Last paragraph of the article:

It also called for an end to the use of the US dollar as the international reserve currency, a step that would ensure the international community could maintain a safe distance from the side-effects of domestic political turmoil in the United States.

This is an announcement from China of what's coming. And people wonder what's the deal with China and gold. They're getting ready for it.

China Imports Over 2,000 Tons Of Gold In Last Two Years

Crakeur
reply to post by Merlynn

 

easier said than done. overseas labor costs, and rules, are far more lucrative for corporations.

They shipped them over there, it may take some time but they can bring them back. Take away the government incentives of having the jobs overseas (take away the corporations lucrative part).

olaru12

Merlynn
No problem. Stop producing US products over there. Bring the jobs back to the US and then we'll see how good the Chinese people do without jobs.

America doesn't have a manufacturing infrastructure anymore; go to any large rust belt city and tell me what you see. We used to make steel in this country; now we make happy meals.

They can solve that problem in 6 months.

Unemployment would be cut in half.

Welfare would be cut in half.

Are Americans understanding this ?

reply to post by Crakeur


protecting your investment, and calling for the world to be DE-Americanized, are not the same thing.

its actually quite contradicting.

olaru12

Merlynn
No problem. Stop producing US products over there. Bring the jobs back to the US and then we'll see how good the Chinese people do without jobs.

America doesn't have a manufacturing infrastructure anymore; go to any large rust belt city and tell me what you see. We used to make steel in this country; now we make happy meals.

They can make one. The US government spends to much on things that don't benefit the US. Right now they are building 5 (at least) Unmanned Aerial Vehicle Complexes on US Army posts. Why? Well, maybe they need so many drones to keep us in check or get rid of us? These complexes cost millions, they could have used that to bring manufacturing back. Or reallocate any other money they have been p*ssing away.

Merlynn

Crakeur
reply to post by Merlynn

 

easier said than done. overseas labor costs, and rules, are far more lucrative for corporations.

They shipped them over there, it may take some time but they can bring them back. Take away the government incentives of having the jobs overseas (take away the corporations lucrative part).

Who is going to tell the corporations what to do. They own us. This isn't a democratic republic it's a corporate oligarchy. The corporations own the govt.

Supply and demand is dead in favor of speculation. wise up!

Do you think corporations are going to move back and lose their precious profit margin? ha....
It's called capitalism....deal with it!!!

xuenchen

olaru12

Merlynn
No problem. Stop producing US products over there. Bring the jobs back to the US and then we'll see how good the Chinese people do without jobs.

America doesn't have a manufacturing infrastructure anymore; go to any large rust belt city and tell me what you see. We used to make steel in this country; now we make happy meals.

They can solve that problem in 6 months.

Unemployment would be cut in half.

Welfare would be cut in half.

Are Americans understanding this ?

You beat me to it. Agree.