DC Ignorance or Compliance??
Beijing and Washington DC
Everybody knows that China is on the move. Even despite the
recent global slowdown — and despite what the naysayers may try to tell you —
China’s economy is still growing more than seven times faster than America’s
is.
But what most Americans do NOT know — what our media
steadfastly refuses to admit — is that China is already so rich, it can now
DICTATE economic policy to the world; even to the United States of America.
But consider the shocking report
that Yahoo Finance recently posted. I quote:
“The International Monetary Fund
has just dropped a bombshell, and nobody noticed.
“For the first time, the
international organization has set a date for the moment when the ‘Age of
America’ will end and the U.S. economy will be overtaken by that of China.”
According to the International
Monetary Fund (IMF), by 2016, the United States will no longer be the world’s
number one economic power.
According to the IMF, China will be
richer than America in less than five years.
But according to the prestigious
Peterson Institute — and based on data just published by the University of
Pennsylvania — the IMF is wrong: The Chinese economy will NOT surpass America’s
by 2016.
Nor will it happen in 2017 or even
in 2020, for that matter.
Peterson and the University of
Pennsylvania say China is ALREADY the world’s #1 economic power.
And the thing is, they proved
it.
These two highly respected
institutions just presented irrefutable proof that in real terms — when you
adjust for the domestic purchasing power of respective currencies ...
The U.S. economy produced goods and
services valued at $14.6 trillion in 2010 ...
But China’s Gross Domestic Product
soared to $14.8 trillion.
China’s economy is already larger
than America’s.
And what’s worse, the United States
is falling farther behind every day:
According to the official figures
from both Washington and Beijing, the U.S. economy grew about 1.7% in 2011.
China’s economy grew 9.2%.
That’s more than SEVEN AND ONE-HALF
TIMES FASTER; fast enough to nearly DOUBLE the size of China’s already-massive
economy once each decade.
And if you get to know a little
more about both nations, China’s burgeoning economic power becomes even more
unsettling. Because the fact is, Beijing has become so powerful, it can now
dictate economic policy to the U.S.
>> The Beijing government has
almost no debt ...
>> But Washington has nearly $145 trillion in debt
and obligations.
** China has $3.2 trillion in cash
— and its cash reserves are growing ever larger, month after month ...
** But
Washington has almost no cash on hand and has to borrow nearly half of every
dollar it spends — much of it is
borrowed from China.
> China’s total tax revenues are
up nearly 30% from a year ago ...
>> But Washington’s tax
revenues are dramatically down due to the sluggish U.S. economy.
** The U.S. has about 160 million
workers ...
** China has 810 million workers —
more than 5 times more than the United States.
>> 97% of all Chinese workers
are employed ...
>> But 14 million U.S.
workers are either unemployed or underemployed.
** In China’s urban areas, wages
ROSE 7.6% in 2011 — and the increase was about double that in rural areas.
** Meanwhile, inflation-adjusted
wages for U.S. workers dropped 1.7%.
The investment facts are even
more startling:
Securities valued at more than $6
trillion trade on Chinese exchanges every day and that number is growing by leaps
and bounds.
China enjoys the largest foreign capital inflows of any
nation on Earth, surpassing the United States as the world's favorite place to
invest.
China is now the world’s #1 mine
operator ... its #1 car maker ... its #1 manufacturer ... its #1 exporter.
Any
way you look at it, China is already the nation on the way UP. While sadly, the
U.S. is the nation on the way OUT.
A
study by The Program for International Student Assessment has ranked Chinese
students #1 in the world. American
students were ranked fourteenth.
China’s
Tianhe-1A super computer is the fastest in the world, capable of processing
more than 2.5 thousand trillion calculations per second.
American
technicians don’t even know how that kind of speed could be possible.
And
while the U.S. is winding down its space program, China is preparing to put a
man on the moon!
And
when you look at China’s military, the contrast between the two nations gets
downright scary:
China has THE LARGEST ARMY IN THE WORLD
— 2.2 million active-duty military personnel — 600,000 more than America has.
And while the U.S. is cutting its
military expenditures, China has increased military spending every year for
more than 20 years ... and is still boosting it by an average of 11.8% per year.
China’s military is state-of-the-art:
It just unveiled the J-20 — its first stealth fighter.
It also has spy satellites, modern
battle tanks, aircraft carriers, nuclear attack submarines, cruise missiles,
and more.
China’s nuclear arsenal is especially
worrying: While the U.S. has been steadily reducing its stockpiles for nearly
30 years, China continues to build up its forces and is refusing to even begin
talks on nuclear arms reduction.
In
the size of its economy and economic growth ... in science ... in technology
... in the scholarship of its students ... in the growth of its military ... in
every conceivable area, China is ALREADY the world’s most dominant nation.
More
importantly: Because of China’s newfound status as the world’s #1 super power,
it is now ready, willing and able to DICTATE economic policy to the rest of the
world ... and that includes America.
And
of course, there’s another reason why China is now in a position to dictate
economic policy to the United States of America:
Nearly 50% of every dollar Washington
spends today is borrowed money — much of it borrowed from China.
Without the billions Beijing loans Washington, the entire
U.S. government would go bust. Washington would become a virtual ghost town.
Millions of Americans who count on government checks would be financially
destroyed.
So
you see, the entire world — including the United States — must bow to China’s
superior economic power — the greatest the world has ever seen.
And
at a recent economic conference, we were treated to images of our own president
doing just that.
Nobody
who watched that humiliating display on television had any doubt which man has
the greater power; which man is in control.
And
make no mistake: the Chinese know they’re in the driver’s seat. People’s
Liberation Army Senior Colonel Liu Mingfu recently said, “To save itself, to
save the world, China must prepare to become the world’s helmsman.
China is not satisfied to merely surpass the U.S.
economy; it has already begun a campaign to DOMINATE the U.S. economy.
The
shocking part is that our own leaders in Washington, D.C. have become Beijing’s
willing accomplices.
Because
China has already begun to wage war against the dominance and value of the U.S.
dollar
With the help of our leaders in
Washington, D.C.!
For
decades now, the U.S. dollar has been the world’s currency of choice. Most of
the world’s central banks hold their reserves in U.S. dollars. Most
international transactions have been settled in U.S. dollars.
That
means there is always a high demand for dollars around the world — and as a
result of that demand, the greenback has held its value more effectively than
many other currencies have.
But since
2009, President Obama has spent more than $10.6 trillion, and run up trillion-dollar
deficits year after year.
To fund Washington’s spending
addiction, Treasury Secretary Timothy Geithner has borrowed an estimated $4
trillion since 2009. And, Ben Bernanke — the Chairman of the U.S. Federal
Reserve — has created nearly $8 trillion out of thin air since 2009.
As
a result, the value and the buying power of the dollar have already begun to
plunge:
*Gasoline
prices have shot the moon — you’re paying over 25% more than you paid just 24
months ago!
*The
price for heating oil rocketed 29% in a recent 12-month period, sending home
heating bills up more than 50% per month!
*Milk
and cheese prices are up 18% and 15% respectively ... the price of beef and
veal used in restaurants is up 17% ... coffee prices are up more than 20% ...
and egg prices have soared nearly 30%!
*
And everywhere you look, you see “sticker shock” on health insurance ...
medicine and medical care ... college tuition ... airline tickets ... and more.
As
a result of this precipitous decline in the dollar’s buying power ...
France,
India and many other countries ...
The
U.N., the IMF and other international organizations ...
Are
ALL calling for the end of the dollar’s reign as the world’s reserve currency
And
even the official newspaper of the Chinese Communist Party says :
“The
world urgently needs to create a diversified currency and financial system and
fair and just financial order that is not dependent on the United States.”
In
fact, the U.S. dollar is already being abandoned by many countries and
companies in favor of the Chinese currency — the yuan:
>
Investors can now buy yuan-denominated bonds in Hong Kong.
>
Caterpillar and McDonald’s recently financed their mainland China projects
directly via yuan bond offerings instead of U.S. dollars.
>
And China’s trade with Russia, Vietnam and Thailand is now being settled in
yuan instead of U.S. dollars.
>
Apple Computer is even accepting iTunes payments in yuan!
Now,
China believes it’s time to make the supremacy of its currency — the yuan —
OFFICIAL — by gutting the U.S. dollar. And our own leaders — President Obama,
Treasury Secretary Geithner and Fed chief Bernanke — are obediently helping
Beijing do just that!
Hard
to believe? Especially in an election year? I agree! But remember: President
Obama saw what a weaker dollar did for U.S. stocks in 2009: It gave birth to
huge rallies! Having the stock market explode higher just before the elections
would be a godsend for any incumbent president!
Look:
You’ve seen the news reports of Obama, Geithner and Bernanke complaining about
China’s currency. Those complaints are only growing louder now — even in this
election year!
The
administration claims the “weak yuan” gives China an unfair trading advantage.
It makes China’s products cheaper than ours on world markets.
So
they’re demanding that China increase the yuan’s value in order to level the
playing field for American exporters.
But
anybody with even shred of common sense can instantly see the Obama administration’s
claims are pure baloney.
Look:
The average U.S. worker earns nearly 6.5 TIMES MORE than his or her Chinese
counterpart.
Those
sky-high labor costs are cooked into every product produced in America — and
that’s what makes American products far more expensive than similar
Chinese-made products.
So
even if Beijing DOUBLED or TRIPLED the value of the yuan, Chinese products
would still sell for far less than U.S.-made products do: Boosting the yuan’s
value would do little if anything to help U.S. exporters!
So why does Washington really want to
jack up the value of the Chinese yuan? What’s the truth that Washington won’t
tell you?
By RAISING the value of the Chinese
yuan, Washington and China will automatically CRUSH the value of the U.S.
dollar ..
So
Washington can repay its otherwise unpayable debts with cheaper dollars!
Look:
The “official” U.S. national debt is now over $15 trillion — nearly three times
more than the most indebted nations in Europe ... COMBINED!
But
when you add in the debts Washington owes to veterans, seniors and government
pensioners, the total amount is nearly ten times more: A staggering $145
trillion.
That’s
nearly TEN TIMES the total value of the goods and services the U.S. economy
produces ...
That’s
far more debt than Washington can ever hope to pay.
In
fact, Washington’s only hope of avoiding default is to destroy the value
of its own currency, then pay its debts back with dollars that are only a
shadow of their former selves.
Plus,
with a weak dollar and strong Chinese yuan, China can buy up even more of our
debt and protect the massive investment it has already made in America by
helping Washington avoid default.
That’s
a massive “win-win” for both Washington and Beijing:
Plus,
a rising yuan will once and for all solve Beijing’s #1 economic problem: Rising
domestic inflation. As the yuan’s buying power rises, price inflation in China
will decline dramatically.
More
importantly, as the yuan’s purchasing power explodes, China will also be able
to lock up even more of the world’s supply of oil, coal, steel, copper, lumber
and other natural resources ... to take control of thousands more companies ...
and to extend its economic control throughout the world.
But
why lie about their intentions?
Because
if they told the truth, there would be hell to pay.
Just
imagine how voters would react if the president stepped before the microphones
and said ...
“My
fellow Americans, we politicians have spent too much money and now, we can’t
pay our debts.
“The
only way to avoid default is to destroy the value of your money and then repay
our debt with cheaper dollars.
“Of
course, that means your cost of living will double and double again and most of
you will be reduced to poverty ...”
See
what I mean? Telling the truth would be tantamount to political suicide.
Any
way you look at it, this is treachery of the highest order: The U.S. dollar —
and YOUR income, savings, investments and retirement — is being sacrificed on
the altar of political expediency.
And
while the insult to our national pride and patriotism will be painful, the
personal toll will be excruciating.
The
dollar’s demise will be catastrophic for everyone who earns, saves or invests
dollars. The price you pay for food, electricity, gasoline and just about
everything else will skyrocket.
Many
Americans — particularly those on fixed incomes — will have to choose between
buying medicine, paying the rent, or buying food.
Homelessness,
hunger and hopelessness will be the everyday reality for millions of Americans.
Some
will rightfully blame Washington for their misery. Others will blame Wall
Street. Mass demonstrations and hunger marches will dominate the headlines.
When
the dust settles, the United States will be little more than just another name
on the long list of once-proud countries that squandered their wealth ... that
were ultimately driven to their knees and forced to submit to the nations that
took their places.
They
simply change channels when CNN features former British Prime Minister Brown
touting “a new global financial order,” describing this as a “decisive moment”
for the world.
And
they choose not to even listen to Henry Kissinger — the man whose historic
visits opened U.S. relations with China 41 years ago in 1971 — when he says we
must accept a new global hierarchy with China in a dominant role.
O’BAMA is the WORST President this country has seen in a very long
time, IF EVER….O’Bama isn’t anything other than the person who is destroying
this country and this country’s future.
Those
that say they will not vote this election need to get their heads out of the
sand. Anyone is better than this!!
