Stand Up Americans

In less than 2 days, if the Treasury secretary can be believed, the Treasury will not have enough money to pay all its bills and will have to prioritize. This doesn’t mean default, as interest on Treasury bonds, notes, and bills will be right up there with the military and NSA. If Washington defaults on its bonds, Washington’s power will be gone with the wind regardless of whether the Treasury pays the military.

Whatever the outcome, Washington has already cooked its goose. Washington’s prestige and credibility have been hammered.

China, Washington’s largest foreign creditor, has responded to Washington’s inability to govern itself with a call for a de-Americanized world. The state news agency, speaking for the Chinese government, said that the “days when the destinies of others are in the hands of a hypocritical nation have to be terminated, and a new world order should be put in place.”

China does not mean by “a new world order” the conspiratorial concept popular on the American right-wing. What the Chinese government means is a departure from the American world order based on the US dollar as world reserve currency and US financial imperialism.

China has clearly had enough of Washington’s hubris, arrogance, and irresponsibility as the lack of diplomatic language makes clear: “Instead of honoring its duties as a responsible leading power, a self-serving Washington has abused its superpower status and introduced even more chaos into the world by shifting financial risks overseas.” In addition Washington has provoked “regional tensions amid territorial disputes, and waged unwarranted wars under the cover of outright lies.”

China announced that it has discounted the value of US Treasuries held as collateral against futures trades, and China and the European Central Bank have arranged a currency swap in preparation of a US default.

http://paulcraigroberts.org/2013/10/15/stand-americans-paul-craig-roberts/


China mocks U.S. as debt default looms

Chinese state media have been filled this week with cartoon images of America’s leaders, mocking them for stumbling on a debt deal while depicting the nation as a beggar.

CBS reported that a Commerce Minister adviser to the Chinese government, Mei Xinyu, said the “gentlemen” on Capitol Hill are unconcerned how their “monkey business” is impacting the world and degrading America’s image across the globe. He also said that if America does default on its loan obligations, China will likely quit buying U.S. Treasury bonds.

“Average Chinese believe [their] government is able to handle this situation and won’t let it shipwreck China’s economy,” he said in the CBS report.

Meanwhile, the media in China continue to ridicule U.S. leaders, also depicting America as a nation that’s suffering and on life-support. Still, U.S. financial experts are telling China to back off — that if America caves, so does China.

Read more: http://www.washingtontimes.com/news/2013/oct/16/china-mocks-us-debt-default-looms/#ixzz2huTEbyBP

​

 

This is wonderful. Now we're being given lectures by the Chinese and the international bankers. How do you all like globalization and "free trade" so far? Don't gett comfy because it's about to get a whole lot more interesting when the TPP deal goes through.

National soveriegnty will be a thing of the past and the corporations will be in charge of everything. Can ya feel the globalist's net closing in around you yet? You will. Won't be long now.

The TPP will make NAFTA and GATTS giant sucking sound seem like a whisper in comparison.

But hey don't worry about it. The politicians and media will assure you it'll be the best thing since sliced bread. And Baptist Boards financial experts will tell ya it's all a kooky conspiracy theory. Happy landing.