China Moves in for US Concessions, Preparing for the Kill

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batkinso's picture
batkinso
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Joined: Apr 6 2009
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China Moves in for US Concessions, Preparing for the Kill

China: With all your staggering debt and rampant fraud, how can you ensure the safety of our massive investment in US securities?
US: We can't do too much, at least not right away.  Give us a few years to stabilize our economy and get our budget under control.  Don't worry, you'll be fine.  You're invested in the United States of American!
China: Maybe we should just dump your securities on the open market and take our loss.
US: No, no, don't do that.  It would collapse the dollar before we have a chance execute our scheduled devaluation and bank holiday, stiffing the American taxpayers once again just to show them who's boss.  What do you want?
China: How about you loosen restrictions on the export of hi-tech goods to China and speed up recognition of the China's market economy?
US: Okay. Deal.

"The US has agreed to loosen restrictions on the export of hi-tech goods to China and speed up its recognition of the nation's market economy" http://www.chinadaily.com.cn/china/2009-07/30/content_8489736.htm

DrKrbyLuv's picture
DrKrbyLuv
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Joined: Aug 10 2008
Posts: 1995
Re: China Moves in for US Concessions, Preparing for the ...

batkinso - you make a very good point, we have compromised our national security and sovereignty by becoming totally dependent on China to keep our economy from collapsing. 

Larry

tylerjordan's picture
tylerjordan
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Joined: Jul 29 2009
Posts: 10
Re: China Moves in for US Concessions, Preparing for the ...

 

While I'm not naturally prone to giving quotes from the bible, it certainly is fitting:

Proverbs 18:23 The poor man utters supplications, But the rich man answers roughly.

also the more commonly expressed:

Proverbs 22:7 The rich rule over the poor, and the borrower is servant to the lender.

It's amazing to me how few people in America understand the ramifications of such basic ideas.  The forefathers of America knew these things quite well - what has happened?  America has brought itself to it's knees. The people can blame others all they like, but when they look in the mirror, they'll be peering into the eyes of the guilty.

Ignorance is never an excuse. Stupid is as stupid does. I saw a youtube vid the other day, a comedy routine - the comedian was making fun of the Chinese - insinuating that they were fools and that they'd never be repaid all the debt owed them, yet I don't see Americans rushing out pushing their politicians to 'write it off' and cheat the Chinese, the Japanese, and all the other countries lending it credit, so what's going to happen? Americans are going to pay the debt they owe. The US $ is going to be devalued until the value of American labor is worth less than the value of Chinese labor - until the Chinese feel like buying American goods, by which time America will end up a third world nation.

 

 

 

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