Each time I read something like that it strikes me as so odd. There is no better example of how completely out of touch as a nation we are from what is happening, how we're viewed in the world now.
It speaks to the incredible presumptive nature of Americans regarding our role in the world to think to even ask this question. Wow.
Exactly what good for China would come from just "bailing the West out?"
Why is China supposed to care, if they continue to grow while we shrink?
The best answers are nothing good would come to China, and regardless of how we assume China will "do something" they will do nothing if they continue to grow economically, while we shrivel.
As a nation we've always been blind to the suffering of other countries, as long as we had what we wanted.
We were happy to work with the thieving regimes in Latin America, prop them up and keep the 1% in total power, while 99% starved as long as they promised to mortgage their entire national wealth for pennies on the dollar ensuring their supreme role as the super-wealthy kleptocratic class ruling all of Latin America at the expense of the rest of the people living there.
That's just one example.
They'll bail us out if it benefits them as much but probably not unless it benefits them much more than us.
As of now, the best thing for China to do is wait for everything to clearly hit bottom to get as much bang for their buck as they use their vast wealth to buy whatever they want in the West.
All those empty houses in the USA would sure do wonders to help resettle a few million loyal Chinese over here to help us rebuild - kind of like what happened during our industrial age, but rather than coming over as indentured servants, they'd be coming over as agents of the owners of vast amounts of American land and property.
Of course we can say no, and dwell in a long-time deep recession, and ultimately lose a decades long battle of attrition against a slowly rising China able to use the vast debt we owe them to suck the life out of our country any time we look threatening.
It will be our choice.
This has been made possible by the Iraq war.
It's amazing how few realize the reason why China is sitting on trillions.
The reason is GW Bush, starting with the first Dollar, has borrowed the entire cost of the war from the PR China.
China was and is still happy to continue this deal. For every dollar we borrow is more leverage over the USA.
As for Bush's reason... he has the rich man's view that when you owe so much to one bank, they cannot let you fail or you'll take them with you. In effect you own the bank as much as it owns you.
The question is whether or not China thinks that they can survive us trying, should we say no to being bought, and no to paying off their demands to have their debts fulfilled.
If they decide they can then they'll let us fall long, hard and fast, and pretend not to notice.
They'll be waiting eagerly to pick up the broken pieces and refashion them into a world with China on top, just like their economy does right now with our cast off electronic consumer items which the strip for parts, clean up and refashion into things to sell us again and again.
The last two wild cards the USA has are both extreme, and only one is held by the USA - our nuclear arsenal.
That will dissuade China from pushing too hard - just as it enabled Russia to survive the collapse of the USSR. If it hadn't been for those nukes, Several nations including China would have probably carved off big pieces of Russia for themselves.
Then the other non-American wild card is India.
Will India as the 2nd giant decide it needs the USA to counterbalance China. That's what we're hoping, but if they do, you can be sure that instead of Chinese being settled in all those empty houses it'll be Indians in the same roles the Chinese would fill that as agents of a superior foreign power sending their people to ensure their investments here are managed to extract maximum profit.
Gee amazing GW Bush in 8 short years has turned us from the greatest power in a unipolar world, into a nation that in another decade could resume the long ago discarded "colonial" role to either China or India. Hmmmm. Way to go George W.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment