Namyeknom:
Referencing terrorists and rogue states allies ones self with the shit cascade that is Afghanistan/Iraq, and of the up and coming economic powerhouses the US can't afford to piss off China, and it would look even more ridiculous having a pop at any of the rest.
That's especially true considering China holds most of our national debt.
But look on the bright side - when the US economy really collapses (and another four years of the same old economic policies on steroids that got us here in the first place) the rest of the world goes with it.
The irony is that the current administration in the US is rushing down the same path that the Weimar Republic in Germany of the 1920's did. The Federal Reserve is engaging in "Quatitative Easing" which is the silly and inane process of printing up bonds, then printing money to by those bonds and then printing more money using the debt created as an 'asset' to expand the money supply which, in turn, devalues the money supply. This process is fine and dandy as long as foreign powers don't own a substantial part of your debt and your currency is the reserve currency of the rest of the world. When that's the case, you get hyper-inflation like Germany had in the 1920's and it results in some nasty little unforeseen consequences that I need not mention.
Because the Chinese have so much of their money invested in our debt, the Chinese find themselves in a precarious position. Their currency is devalued because we are devaluing our currency by running the printing presses like the Weimar Republic. Remember, prices aren't really rising - the value of the money is decreasing because there's more of it. Simple supply-demand processes that the supply-side economist types fail to understand.
This forces the Chinese to manipulate their currency in order to stay afloat which, in turn, damages the US position of having the US Dollar being the 'reserve currency' for the rest of the world.
In essence, what has happened is that the Obama Administration along with those other idiots called the Board of Governors of the Federal Reserve Bank think that they can simply prop up a service-based economy that produces very little industrial goods any more by simply printing more money. What started out as a 'Tax and Spend' policy now has become a 'Spend and then Tax" policy which is the very nature of Economic Socialism/Fascism.
It's also worth remembering that Fascism is a division of Socialism (read Mussolini's Fascist Manifesto) and is not 'right wing' unless it is considered as a part of socialism as a whole. That means that Fascism is a 'nationalistic' version of Socialism which is 'internationalistic'. Currently, the US is operating in both spheres of 'socialism'. It's policy has become somewhat Soviet in it's social programs but fascistic (like Mussolini's Italy and Hitler's Germany) in terms of trying to create a 'command economy' and this is doomed to utter failure when mixed in with Weimar Republic style financial programs. And this is what worries the Chinese whose Maoist-Marxist form of "State Capitalism" (another euphemism for Stalinist Communism) cannot survive without free-market capitalist nations to leech off of.
If I were to put my bets on the real rising economic power in the world, it would be Russia. And this is why the US and Russia should economically cooperate (and even militarily for that matter). At least the Russians are European; the Chinese are something entirely alien to everyone but China - they have no respect for the individual which only exists as a function of the state to service the state. China is a dystopic version of Orwell's 1984 above and beyond Stalin styled socialism.
But economically speaking, it's pretty pathetic when the communist Chinese leaders have to lecture Obama on capitalism and how to make it work. This, of course, means that China is defecating cinderblocks at the economic idiocy that is happening in the US right now. They know that if we go down, they go down and that will force China to invade its neighbors and pillage them for resources as every socialist/fascist nation in history has had to do and did do. History is repeating itself but only the players have switched seats.
As an amusing observation, though, the idiots in the Obama Administration think they can follow an economic scheme that is a mixed metaphor of FDR, Mussolini and Stalin from the 1930's and apply it to the 21st century and then expect the same old thing to turn out differently than it did before.
And why does history repeat itself (or at least rhyme)? I have a personal theory about it: in all matters of economic, human and international interaction, no matter what idiotic or oppressive system you seek to enforce, the forces of the free market will always manifest itself and resume supremacy in the end. The Soviet Union found this out and China will find it out in the near future.
The whole theory can be reduced to one short quote so eloquently put by Frank Zappa: "The reason Communism and Socialism are doomed to failure is because people like to own shit."
