Did you hear the recent series of China shocks? America Doomed has detailed these were coming and last week they got considerably closer. Most probably heard that China became the second largest economy in the world, passing Japan. But how many heard that McDonalds raised money in the Chinese bond market — in Yuan. The amount was small but it was huge in terms of the future of the US Dollar and its ability to stay a reserve currency. When the US Dollar loses reserve status, America will collapse financially and its currency will become worthless. This is inevitable. Nobody needs to worry any longer about the US national debt because America will default on it.
No wonder China is doing well. They are the America of old. They build things. They are growing their middle class. They have little national debt. They have universal health care. They are inventing things, stealing technology, and exploring space. They don’t respect copyrights or patents to the point of letting the few control the wealth. They are developing high speed trains. They still have problems they are working on but they don’t believe in pure greed-based capitalism; instead, they put capitalism in a subservient role. They believe in more controlled economy with a hefty dose of socialism. They realize that capitalism left unregulated will destroy everything and America is the perfect example. If Americans think that unregulated capitalism will flourish in China, they are dead wrong. China will not make the same mistakes.
There is no saving America. America is the mean, crazy uncle in the basement. They argue over the Islamic Cultural center two blocks from the 911 site but fail to see why most of the world hates them. Even Americans hate America and the numbers are increasing every day. America declares that 3000 people died on 911 but refuse to do much of anything about the 5000 who die every month because of no health care. More Americans want to throw all the politicians out because of the corruption and the allegiance to corporations, at the expense of ordinary citizens.
Time to learn Mardarin.
America is Doomed.
China is living the American Dream.
America is living the Chinese Nightmare.
Every now and then there is a fusion of the minds. I couldn’t have said it better myself, which is why I own gold and silver. Gold by the way is up another 12 dollars today, and silver up 50 cents. The Chinese love gold. They are the worlds largest purchaser. If they ever take on debt, they can back it with gold. Chinese bonds will be backed by gold and/or silver. Canada produces alot of gold. Their currency is very stable, even though they have some debt, it could be paid with gold. America prints toilet paper. Toilet paper is only good for a few things, one in particular.
America is broke, bankrupt, kaput. If China is like we used to be (as is Brazil with no end in sight) how did we get here? I have a few ideas. Endless wars that we never win (although we kicked Grenadas ass. We showed them who’s boss), war on drugs (lost), Korea (lost), Viet Nam (lost), Afghanistan (losing), Iraq (lost), war on cancer (lost), war on poverty (lost). Did I miss any? AmeriKa should avoid war at all costs. It cannot whip a wet noodle. Can’t fight it’s way out of a wet paper bag. But war is good for the multinationals and the defense contractors. You can’t
support both endless wars and a welfare/giveaway society. One or the other is sustainable, but not both. Since we lose all wars and our welfare society is exemplified by Detoilet, we should end war immediately and concentrate on our fixing our domestic problems.
We should not hold our collective breath.
As an addendum: We have not yet waged a war to protect our southern border. But if our track record is any indicator of the outcome, I’m starting today to spiff up my Spanish language abilities and looking for 12 roommates to share my singlewide when I downsize.
German might also be a good choice too. I hear life there is outstanding – good food, good beer, fine women, smart people. Their economy has turned the corner, back to pre-recession levels. Well, why them and not America? For starters, they retained their skilled work force. Sure, some had their work load reduced up to half, but when demand returned, their manufacturing base was alive, well, and providing JOBS. And OUR manufacturing base, and OUR information technology job base? – DOA, OUTSOURCED BY GREEDY CEOS!
I knew a fellow who was a visiting scholar in China a few years back. While talking with other students there, he was struck by how genuinely grateful they were to have the opportunity to learn. But what he noticed more importantly than the unentitled gratitude was the humility and a sense of the common good the students had.
During the Civil War, a Southern soldier observed how in every Northern town two things would be built before anything else: a school and a church. “That”, the Southern soldier said, “is why we are going to lose the war.”
In much the same metaphoric way, I think we can observe why America is doomed. China is learning everything it can and their socialism will keep their greed in check. America, on the other hand, is dumbing itself down so that greed can ravage unhindered.