We have seen this pattern throughout history repeat itself far too many times and only now are we beginning to recognize it. When the parasitic Jews fasten themselves to a vibrant, new host, they buy in with their great wealth. Slowly they spread throughout that culture, investing and slipping into the control levels of the nation ~ government, education, law, banking, medicine. As the host nation rises under their guiding hand there is power. Eventually, the host people are abandoned and the Jews moved on to their next host.It is no coincidence that the Jews, the originators of Communism, are moving to the far East in greater numbers of late. It is no coincidence that China's rise to financial leadership occurs as America sinks. Nor is it coincidence that the Chinese own most of the debts on the planet now, most noticeably that of North America.
By Washington's Blog
URL of this article: www.globalresearch.ca/index.php?context=va&aid=20252
Global Research, ~ July 25, 2010
Washington's Blog ~ 2010-07-23
America's biggest creditor
~ China ~
has called our bluff.
As the Financial Times notes, the head of China's biggest credit rating agency has said America is insolvent and that U.S. credit ratings are a joke;
The head of China’s largest credit rating agency has slammed his western counterparts for causing the global financial crisis and said that as the world’s largest creditor nation China should have a bigger say in how governments and their debt are rated.
He specifically criticised the practice of “rating shopping” by companies who offer their business to the agency that provides the most favourable rating.
These are the real victims of the Communist Capitalist exploitation of the Chinese lower classes. It is their slavery that makes China's rise to the top possible.
“Compared with the US’ conquest of the world by means of force, Moody’s has controlled the world through its dominance in credit ratings,” the editorial said...
China is not shy about reminding the U.S. who's got the biggest pockets. As the Financial Times quotes Mr. Guan: “China is the biggest creditor nation in the world and with the rise and national rejuvenation of China we should have our say in how the credit risks of states are judged.”
Might Makes Right Economic Collapse
“Actually, the huge military expenditure of the US is not created by themselves but comes from borrowed money, which is not sustainable.”
As I've repeatedly shown, borrowing money to fund our huge military expenditures are ~ paradoxically ~ weakening our national security: as I've previously pointed out, America's military-industrial complex is ruining our economy.
[I]t is ironic that America's huge military spending is what made us an empire ... but our huge military is what is bankrupting us ... thus destroying our status as an empire ...
Indeed, as I pointed out in 2008:
So why hasn't America's credit rating been downgraded?
Well, a report by Moody's in September states:
"In superficially similar circumstances, the ratings of Japan and some Scandinavian countries were downgraded in the 1990s.
For reasons that take their roots into the large size and wealth of the economy and, ultimately, the US military power, the US government faces very little liquidity risk ~ its debt remains a safe heaven. There is a large market for even a significant increase in debt issuance."
So Japan and Scandinavia have wimpy militaries, so they got downgraded, but the U.S. has lots of bombs, so we don't? In any event, American cannot remain a hyper-power if it is broke.
The fact that America spends more than the rest of the world combined on our military means that we can keep an artificially high credit rating. But ironically, all the money we're spending on our military means that we become less and less credit-worthy ... and that we'll no longer be able to fund our military.
To my surprise, he simply responded:
What's scary is that China knows it.
In other words,
everyone who pays any attention
knows that we're broke.
What's scary is
that our biggest creditor knows it.