“The United States political and monetary authorities have lost ALL credibility in the eyes of the world ever since the crisis hit and for very good reason. The main reason we are still held on life support is so that China can go out and buy up all of the world’s resources while the dollar still has value (and they allow us to bury ourselves) and we have a strong military. We can see the loss of credibility in the fact that we went to the G20 talking about more stimulus and were rebuffed. So when the crisis first hit all other nations defended our system and currency but now I think all nations are going to focus on what is best for them and believe me it will NOT be what is best for us. China has already slowed itself down materially to deal with its irresponsible housing bubble but based on comments recently from authorities it is clear that they are committed to stimulating domestic consumption. Furthermore, while the yuan has only strengthened slightly since they changed policy let’s not forget that it HAS strengthened. While they are proceeding cautiously, this was a change of policy. So to summarize I see a world emerging over the next few months where other nations publicly talk a nice game about the U.S. and its importance but in reality talks will go on behind our back as to how to gracefully cut the cord. Any cutting of the cord would reflect itself in a decoupling trade in my view. Unfortunately, politicians in the U.S. will never admit that they are the reason we are in this mess so they will likely start a war or create some other event (cyber attack to shutdown the internet?). This is precisely why I call on all Americans right now to refuse to get involved in a war. This would be a war to defend our empire plain and simple. We do not need an empire. China needs an empire to feed itself and to provide energy. We are the most blessed large nation on earth as far as land, agriculture and water resources. Plus we have a brilliant social document called the Constitution that the vast majority of Americans would die to defend if necessary against whoever would threaten it. Let’s just get our acts together here and not fall for the trap that I see being set. Also, remember that if the authorities are about to lose control of the precious metals and oil market the best thing for them to do would be to start a conflict so the rise can be blamed on that. If you haven’t learned that Washington D.C is not to be trusted by now I do not know what it will take.”
Notes
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shorterexcerpts said:
Like nationstates will matter over the next few decades. Stimulus was rejected because the ultrarich want to gut the middle class, and “austerity measures” and cutting “entitlement spending” is a great way to do it.
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