Evolution of Dispossession

Evolution of Dispossession
How to Steal a Country?

Wednesday, June 30, 2010

China, US Debt and Currency Manipulation

This article about China potentially using its $900 billion in Treasury Bonds to influence US foreign policy is a real eye-opener, but not for the reasons stated in the piece.

First off, what does it say about our Congressional "leaders" when they run a deficit spending system into the ground, pile up the debt, forcing the US to sell treasury bonds to foreign nations that do not have the US national interest in mind?

Secondly, the US might label China a currency-manipulator? This line flew off the page at me. How disingenuous for the greatest currency manipulator in the history of world to label a foreign nation as such. Nice Freudian projection.

Here's a novel idea: why don't we stop spending money we don't have to run a trillion dollar empire abroad and stop enlarging this huge albatross of a welfare state.

The end result is that the Fed will inflate the money supply to pay the Chinese back with cheapened dollars and this increase in the money supply will cause prices to soar and wages and income cannot keep up so people will lose assets through foreclosure and then their proxy banks will scoop up these cheap assets and sell them at a profit at a later date. This is the time tested method of central bankers and eventually the people wise up. So what will come first; the hyper-inflation storm or the dissolution of this fraudulent system?

2 comments:

MOM said...

You forgot one other option: We dissolve our debt to China. Probably better for us, but we risk war with China to do it.

MOM said...

And, after the fiasco of Goldman Sach's, when they sent all of their assets to Israel, I prefer the Chinese! They are more honorable than the Israelis. Help us, Americans, China! I prefer you.

And Biblically speaking, the Kings of the East are going to inherit the earth after we stupid Westerners have blown it.