Germanicus
06-13-2013, 09:33 AM
“‘In our opinion, the United States has already been defaulting… Washington had already defaulted on its loans by allowing the dollar to weaken against other currencies – eroding the wealth of creditors including China", Mr Guan of Dagong Credit Rating Agency said.
Ben Bernanke of the US Federal Reserve has been manipulating the currency of USA for a very long time now. Quantitative Easing or QE is the Federal Reserve printing endless amounts of money and then they buy bonds that nobody will buy to make it look like the US economy is not bankrupt. QE is an ongoing backdoor bailout of the US banks and corporations. The QE has only helped rich Americans and their international multinational corporatist friends. The American people never see any of that printed money. Obama lies to them and tells them that QE will make it easier for poor Americans and small business to borrow money. This is a lie. Banks are not lending to small business. The QE has also done almost nothing to the sky high US unemploymeny rate.
Nations such as Australia and Japan have been very angry about USA manipulating their currency because when USA lowers the value of their currency by printing mountains of free money it lowers the value of the USD. No value has been produced to print these USD's so all other USD become worth less value. The Australian dollar is pegged to the USD because the USD has the Reserve Status for now. A weak USD makes the Australian dollar much stronger and when that happens the high AUD hurts Australian exporters. Our friends in China are forced to pay more for the things they import from Australia and it hurts trade between our two nations.
China is a nation that helps USA by buying so much of USA debt in the past when people didnt want it. China helped save USA from collapse when USA caused the GFC. All of the US Government Debt that China owns is in USD. When Ben Bernanke runs unlimited QE all the mountains of free money that USA gives themselves makes the debt that China bought worth less value. USA is ripping China off. The USA has defaulted and China is the nation that are being hurt the most by the default.
I think it is about time the USA faced reality and admits that the nation is bankrupt. It is wrong for the USA to keep printing free money and eroding the wealth of their trusting creditors including the nation of China. The USA will collapse at some stage if they continue to refuse to accept reality.
China is trying to help the USA Government save itself from collapse by offering friendship and trade but the USA needs to do more. It is very hard to be friends with the USA. The future of the United States rests on Sino-US relations. It seems that China making all the effort and doing all the work. I was very sad to read about the snooping that the CIA/NSA have been doing to Hong Kong and mainland China. USA has really strained Sino-US relations at a time when USA should be doing all they can to strengthen ties with China. I was also saddened because the vast snooping network that the CIA/NSA has used against the people of mainland China and Hong Kong damaged trust in the Obama administration since so many US officials have been making unfounded accusations that some people in China were hacking America. I am not sure if anyone will be able to believe Obama and the US officials the next time they slander China in the tabloid western media. Now that we know that it is actually the United States Government that has the most vast snooping network in the history of mankind. It is such a shame that the USA have been doing this because China has been going out of their way to include the USA in the prosperity of the opening of the Asian Century.
The CPC has put up with a great deal of nonsense in the past from the USA and I am sure that this unfortunate revelation of American snooping, hacking and spying will be something the CPC can look past. I would like to see the USA make up for this massive insult to the world and to China by stopping the manilpulation of their currency and negotiating a transition to a Basket Reserve Currency in a way that protects against the eroding of the wealth of the Chinese people.
http://www.youtube.com/watch?v=qty_6JqsWNA
(: Remember Starter hats?
Ben Bernanke of the US Federal Reserve has been manipulating the currency of USA for a very long time now. Quantitative Easing or QE is the Federal Reserve printing endless amounts of money and then they buy bonds that nobody will buy to make it look like the US economy is not bankrupt. QE is an ongoing backdoor bailout of the US banks and corporations. The QE has only helped rich Americans and their international multinational corporatist friends. The American people never see any of that printed money. Obama lies to them and tells them that QE will make it easier for poor Americans and small business to borrow money. This is a lie. Banks are not lending to small business. The QE has also done almost nothing to the sky high US unemploymeny rate.
Nations such as Australia and Japan have been very angry about USA manipulating their currency because when USA lowers the value of their currency by printing mountains of free money it lowers the value of the USD. No value has been produced to print these USD's so all other USD become worth less value. The Australian dollar is pegged to the USD because the USD has the Reserve Status for now. A weak USD makes the Australian dollar much stronger and when that happens the high AUD hurts Australian exporters. Our friends in China are forced to pay more for the things they import from Australia and it hurts trade between our two nations.
China is a nation that helps USA by buying so much of USA debt in the past when people didnt want it. China helped save USA from collapse when USA caused the GFC. All of the US Government Debt that China owns is in USD. When Ben Bernanke runs unlimited QE all the mountains of free money that USA gives themselves makes the debt that China bought worth less value. USA is ripping China off. The USA has defaulted and China is the nation that are being hurt the most by the default.
I think it is about time the USA faced reality and admits that the nation is bankrupt. It is wrong for the USA to keep printing free money and eroding the wealth of their trusting creditors including the nation of China. The USA will collapse at some stage if they continue to refuse to accept reality.
China is trying to help the USA Government save itself from collapse by offering friendship and trade but the USA needs to do more. It is very hard to be friends with the USA. The future of the United States rests on Sino-US relations. It seems that China making all the effort and doing all the work. I was very sad to read about the snooping that the CIA/NSA have been doing to Hong Kong and mainland China. USA has really strained Sino-US relations at a time when USA should be doing all they can to strengthen ties with China. I was also saddened because the vast snooping network that the CIA/NSA has used against the people of mainland China and Hong Kong damaged trust in the Obama administration since so many US officials have been making unfounded accusations that some people in China were hacking America. I am not sure if anyone will be able to believe Obama and the US officials the next time they slander China in the tabloid western media. Now that we know that it is actually the United States Government that has the most vast snooping network in the history of mankind. It is such a shame that the USA have been doing this because China has been going out of their way to include the USA in the prosperity of the opening of the Asian Century.
The CPC has put up with a great deal of nonsense in the past from the USA and I am sure that this unfortunate revelation of American snooping, hacking and spying will be something the CPC can look past. I would like to see the USA make up for this massive insult to the world and to China by stopping the manilpulation of their currency and negotiating a transition to a Basket Reserve Currency in a way that protects against the eroding of the wealth of the Chinese people.
http://www.youtube.com/watch?v=qty_6JqsWNA
(: Remember Starter hats?