China Cautions U.S. Over Debt Ceiling Fight : The Two-Way : NPR China holds around $1.3 trillion in U.S. securities with Japan the #2 holder with nearly as much. Both China and Japan don’t sell their own government debt to foreign power or trade rivals. The sale of this debt to trade rivals who run huge trade surpluses with the US is a catastrophe. It keeps the dollar strong as everything here runs increasingly in the red. In geopolitical terms, it is suicidal for the US to do this. But since Nixon cut the gold standard and Reagan said deficits don’t matter, we have a twin noxious thing going: perpetual trade and perpetual government deficits.
This has totally destroyed our ‘sovereign wealth’ which means the US has negative sovereign wealth and our media never, ever talks about sovereign wealth but all other nations worry about this mysterious thing. No sovereign wealth=no power for the citizens of that nation. It is literally owned by foreigners.
Here is a bloviating editorial from the NYT whining about Politicians for Sale – NYTimes.com. No mention of AIPAC nor mention of foreign powers owning our government and how this is done. Since the editors of the NYT happen to also be Bilderberg Zionists giving money to AIPAC, it is no surprise to see them lying about this matter. The issue about how our media is owned by rich people who don’t need to buy media time due to owning all media time…is also not explored. The fact that most media owners are Bilderberg and or AIPAC Zionists is never mentioned, naturally.
Indeed, the media owners go nuts if anyone on the outside says they are Bilderberg Zionists who support and hide AIPAC. This is ‘anti-semitism’. The Chinese don’t own our government but have a very cozy relationship with our elites but at the same time, so do the Japanese which is why the Japanese/Chinese spat over the islands is so very important.
Debt limit breach no big deal, some GOP lawmakers say shows that the Tea Party and the GOP have driven off the hate cliff. They yell, we will go bankrupt if we continue to overspend which is true but then when in power, they claim debts don’t matter and then double and quadruple the debt. If breaching it is no big deal, why the hysteria?
“I would dispel the rumor that is going around that you hear on every newscast, that if we don’t raise the debt ceiling, we will default on our debt,” said Sen. Tom Coburn, R-Okla., Monday on CBS This Morning. “We won’t. We’ll continue to pay our interest.”
Alas, our own Congress has boasted in the past that we plan to dump our debt obligations in Asia by going deliberately bankrupt. And history tells us quite clearly all empires that go into endless wars go bankrupt. Bankruptcy destroyed the Soviet Union as the ensuing wars since the USSR collapse is driving us into bankruptcy. China to join Russia in maintaining security in Asia-Pacific: Xi which gives me great satisfaction because I predicted this in the past. Japan asks WTO to intervene on S Korea fish ban because Japan is an aggressive export nation which is furious we are angry about Fukushima.
The US can go bankrupt, of course. Many nations go bankrupt all the time! But no EMPIRE can do this and remain an empire. History is all about other empires taking over bankrupt empires. A feeding frenzy ensues. WWII was all about the collapse of the French, British and German empires with the US and USSR empires basically owning everything afterwards and all the colonies disappearing from the older European empires.
And our bankrupt empire which has not cut ANY funds for foreign adventures during this sequestration crisis, has aped Israel in the past with assassinations and kidnappings so Kerry: Capture of terror suspect in Libya legal | Boston Herald
Kerry said the weekend seizure in Tripoli of the suspected al-Qaida operative Nazih Abdul-Hamed al-Ruqai complied with U.S. law. He said the suspect was a “legal and appropriate target” for the U.S. military and will face justice in a court of law. Kerry added it was important not to “sympathize” with wanted terrorists.
“I hope the perception is in the world that people who commit acts of terror and who have been appropriately indicted by courts of law, by the legal process, will know that United States of America is going to do anything in its power that is legal and appropriate in order to enforce the law and to protect our security,” Kerry told reporters after meeting with Russian Foreign Minister Sergey Lavrov on the sidelines of an Asia-Pacific economic conference.
“I think it’s important for people in the world not to sympathize with alleged terrorists but to underscore the importance of the rule of law,” he added, when asked about the Libyan government’s complaint that the seizure amounted to kidnapping. Libya has asked Washington to explain and clarify its actions.
Like the bankrupt USSR, the US doesn’t do diplomacy, we don’t go through courts, we kidnap. Kidnappings are NOT legal at all. At any time, in any country. North Korea kidnaps people. It is an ‘evil’ government so…the US and Israel are equally evil! This evil stuff is simple to understand: outside the law is evil. We have sovereign national rights and international rules and the US, Israel and North Korea violate these with impunity.
By the way, North Korea puts army on alert, warns US of ‘horrible disaster’ as the US parks more of our navy next to China. This is a Chinese protest, of course, via the back door of North Korea. The US is increasing military spending in Asia so Japan can boss around its neighbors again while insulting them about WWII.
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