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Now The Chinese Are Wagging Their Fingers At Obama
Submitted by Simon Black of Sovereign Man blog,
“Diminishing Superpower”
This was the headline streaking across the weekend edition of the Jakarta Globe, one of the largest newspapers in Indonesia.
The photo beneath was of Barack Obama, his lips pursed and eyes steeled as if he was fighting back tears. Or perhaps staring off into the fiscal abyss.
The subheadline read: “Obama’s APEC absence symbolic of US waning influence in Asia.”
The article goes on to describe how the President’s conspicuous absence from this weekend’s summit of the Asia Pacific Economic Cooperation (a multinational trade bloc in the Asia/Pacific region) highlights the decline of the US as the world’s superpower.
It’s so obvious to everyone else that the US is in terminal decline.
(Granted, the Indonesians are a bit miffed given that they went to the trouble of closing the brand new airport in Bali for four days, partly because of the anticipated arrival of Air Force One… and then the President didn’t bother showing up.)
Russian President Vladimir Putin and Chinese President Xi Jinping stepped up in Obama’s stead, taking the world’s stage in yet another clear sign of where the real economic power and leadership is.
Putin himself was even nominated for the Nobel Peace Prize… for preventing a former Nobel Peace Prize recipient (Barack Obama) from starting a war Syria.
Meanwhile, China’s vice Finance Minister Zhu Guangyao has been wagging his finger at the US Treasury Department, warning that “the clock is ticking” and that Obama should “take decisive and credible steps to avoid a default on its Treasury bonds.”
All this comes at a time when the US has been caught red handed spying on the rest of the world, including its own people… and its allies. This prompted the Brazilian President Dilma Rousseff to cancel an official visit to the United States this month.
It’s amazing when you step back and look at the big picture.
The Russians are preventing a US military invasion. The Chinese actually have to step in and say something publicly to ensure that the US government pays its bills. The Brazilians are too disgusted to even visit Washington DC.
What a completely different world we live in, even compared to just 10 or 15 years ago.
Think back to the late 90s. The US really was the pinnacle of civilization. The government was beginning to pay down its debt. America’s reputation was unblemished. And to most foreigners, the US economy was the envy of the world.
What’s happening today would have been unthinkable back then. But it just goes to show how quickly things can unravel.
It’s tremendously important that the reputation of the US government is sinking to an all-time low internationally.
Remember, the reason that the US Federal Reserve can print trillions of dollars is because the rest of the world has for decades been willing to accept dollars for international transactions and sovereign reserves.
Nearly every government and central bank on the planet has a big pile of dollars stashed away.
The US government seems to think that this arrangement will last forever, and that their actions are without consequence. Nothing is further from the truth.
As the US government’s international reputation craters after one embarrassing episode after another, other nations are beginning to no longer trust the US, whether it comes to spying or managing a sound currency.
This puts the US dollar at even greater risk of quickly losing global reserve domination, and along with it, the ability to print money without damning ramifications.
As history has shown so many times before, this is exactly how the end begins.
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The inlaws and extended family came down this weekend for a visit. We're sitting around the dinner table. 8 of us adults. I'm the only sonofabitch at the table with a job. The rest are "retired". Driving expensive cars, planning vacations to the balloon festival in New Mexico and bitching about how busy and hectic their travel schedules are.
Those on the tit have it damn good. Hell of a lot better than those of us working our asses off to pay for it.
Everyone in America and the world (to a slightly lesser extent, perhaps) is hooked on the oil tit.
Weaning them off is going be beyond ugly, it's going to be some fucking medieval shit.
See 60 minutes & Coburn last night? He didn't bother to address corporate repeatedly trying to get non-medicare elligible retirees to take the bait to get them off of coverage. I'm beginning to think those scamming .gov have been the smarter. That is until their next payment comes in the form of a hollow point.
And when the country in which you hold citizenship runs a headline like that you have a problem.
Those aren't their fingers
Those are their erect pee-pees...
Sum ting Berry wong...
They'ld get a lot farther with Obama if they Wiggled their Weenies at him.
I am Obama and I approve this Message!
we all heard the 'giant sucking sound' when it was happening but did nothing to stop it.
jb
Re: when it was happening but did nothing to stop it.
I remember laughing at the union losers whose jobs were being moved to Mexico.
GET AN EDUCATION YOU LOW-LIFE LOSERS. YOU THINK YOU'RE GUARANTEED A JOB? HA HA HA HA!!!!
Look for the union label
when you are buying that coat, dress or blouse.
Remember somewhere our union's sewing,
our wages going to feed the kids, and run the house.
We work hard, but who's complaining?
Thanks to the I.L.G. we're paying our way!
So always look for the union label,
it says we're able to make it in the U.S.A.!
LOSERS!!!! REAL American are above average and will be knowledge workers, not a bunch of common LABORERS!
Yeah, that was a giant sucking sound, all right.
Now when DeShaun makes your special Big Mac he always rubs his nut sack on it for guys like you!
I voted for Goldwater!
everybody laughed at ross perot, then he spent his own money on a campaign against nafta. i believe the "giant sucking sound" is his direct quote.
nobodies laughing now.
Ross is that you?
Ah yes, Ross Perot. How right he was!!!
All by design,nothing new.Kill the Republic.
And what better way than to destroy innovation and entrepreneurial spirit than to destroy the environment which has fostered it for decades. The best and the brightest will flee when the SHTF, along with the companies that made the US great. In a global economy, there is no need for any person or company to hold allegiance to any country, especially if they are trying to fuck you silly at every juncture. So where will the US tax base be then?
Don't fight da Fed! Dey got dis shit! Derrrr...
"Think back to the late 90s. The US really was the pinnacle of civilization. The government was beginning to pay down its debt. America’s reputation was unblemished. And to most foreigners, the US economy was the envy of the world."
Enter George W [fucking] Bush and the "Wur on terra'!!"
One day US citizens will wake up and look the Fascist cabal government in the eye... oh look, that kitten is wearing mittens!!
Re: Enter George W [fucking] Bush and the "Wur on terra'!!"
And Medicare Part D. Oh wait, that's good debt, right?
Maybe the problem is that both Teams think Dick Cheney was right when he said: Ronald Reagan proved deficits don't matter.
Personal computers, internet, software had nothing to do with it? It was Gates/Jobs/Ellison types that took us on that grand ride, it wasn't government or politicans.
Don't leave slick Willy out. Remember Brooksley Born & Glass Steagle.
They're all on the same team.
Team Left: the Executioners
Team Right: the Morticians
BRICS BITCHEZ... Probably glad Obama didn't show up to spoil the party...
Is anybody else scared by how sane Jim Willie is sounding lately? I never heard of him until Turd starting carrying him. When he would veer off into stories about Huge Chavez cancer and an earthquake weapon used against Japan, I thought, "here is the Art Bell of finance".
But in broad strokes the article linked indicates his arguments WRT Americas role in the East are looking more and more sensible
Strange days.
I've been reading Willie since late in 2008. Though he sounds crazy because his sentence structures are more or less wacked, I've never known him to make a bad call. Spot on, every time.
>> I've never known him to make a bad call.
Hey, I love reading Willie. He's very entertaining and there's plenty of truth to his lunacy. That being said, I'm pretty sure Willie wasn't singing a $1,300 gold October '13 song. Wille has been as wrong as every other pumper.
Pumper?? Too funny. You gave yourself away, kid.
http://www.goldenjackass.com/
I never heard of him until Turd starting carrying him.
Is that some kind of low brow insult?
http://www.goldenjackass.com/
see public area for his latest articles
My subscription suffices, thanks.
I didn't think it was.
but compare the clarity of his writing style in his recent Gary South take down vs, well, most of his other writing. I honestly find his sentence structure to be too dense and generally odd to follow (though at times hilarious). I think he is capable of being a lot clearer than he often is. That said, I think there is a huge amount of method to his madness.
I'm not looking for heros, just information. I'll take a well thought out prediction from anyone, Turd, Jackass whatever.
I find it amazing to see how well his "BRICS moving away from the US" predictions are playing out. Not that he's the first to predicct it by any means, but he has a level of detail that no one else I've seen has.
Hey China:
Caveat Emptor, bitch.
Son, you may be looking through the wrong end of the telescope. I'm pretty sure the Chinese knew that when they negotiated for Favored Trading Nation status back in the nineties.
I think I seen this theory once before?
China is the clever man who would put the poison in my cup etc?
Call me when we're all unemployed in Greenland.
We're just wake'n up from the "American Dream"...True reality is the nightmare approaching!
hope you can go back to sleep
If they would have let things fail in 2008/2009 (like capitalism should work), the US might have had a chance. But instead the US crossed over the point of no return for unsustainable debt.
Re: like capitalism should work
It didn't fail because we've only ever had capitalism for the dumbasses.
The smart-n-savvy people don't compete, they purchase politicians to ensure they don't.
Capitalism is just bullshit used to convince the dumbasses into competing with each other.
Yeah, peasants, capitalism is WONDERFUL, because of freedum-n-democracy and without competition the commies would win, and unless all you peasants keep competing the job-creators won't be able to use their hard-earn-capital to create jobs for you to compete at, and a make Merica strong so we can defeat the evil-doers who hate your freedum and will take yer wumen.
The peasants are dumbasses.
Why do you hate this country ??? USA USA USA !!!
Most patriotic Americans are wagging something else at this pathetic muslim fraud.
And, while these patriots are busy wagging at the muslim fraud, he's busy watching the treasury looted by the jewish bankers.
Reggie says you can swallow now Sir.
The Marxists progressives have had their way with America over the last 100 years. Incrementally, they have diluted the American spirit of liberty and individual responsibility and replaced it with the slavery of collectivism. Americans are no longer free to enrich themselves with the fruits of their own hard labor. The statists have beguiled us with artificial guilt and promises of grand charity. We always seem to be just one more giant social program away from utopia. Now, at the end of the road, an ironic and simple truth has emerged. State sponsored theft of one man's labor and property so that it can be given to another is a straight path to hell.
dumb ass. jobs shipped over seas, treasury suffers, everybody suffers - capitalism not communism destroyed us
There you are you little statist commie weasel. Maybe the jobs left because corporations found by doing business elsewhere they could actually keep their profits from being confiscated by the ravenous little turds like yourself. Taxes often have unintended consequences. The whole idea of corporate taxes is ridiculous because they will never pay. The costs are passed to the consumer with higher prices for goods and services. Capitalism didn't destroy us, it was dumb asses like you.
Indonesia... where gangsters are effectively the law? Lulz.
Thank god that hasn't happened in this country.
That's a pretty damning list.
The American body is riddled with ticks, fleas, leeches, bedbugs, and tapeworms.
So let's see....China dumping dollars and treasurys is good for...China? They welcomed and encouraged the money printing including their own pumping and now China has called a fumble on the 1 yard line? Seems like the usual suspects of fear mongering controlling the headlines as usual to move markets in the direction of their choosing. What's new.
The only real superpower in the world is the umpteen million armed, aware, patriotic Americans (civilians, veterans, and active duty).
If the shit really hits the fan, you may just find this out.
Re: civilians, veterans, and active duty
Except during football, NASCAR, and porn season.
Don't forget, food porn season is alllllllll year long.
Lots-A-Luck Fools in China and in the middle east in getting your investment back.
The US currency is written on flash paper. Benny Bernanke and the inkjets will print away any IOUs you people in China and in the middle east had and laugh at you while doing it.
"...the introduction of dollar as the global reserve currency and the rapid rise of computer technology, made the US "Federal" Reserve completely dominant. So, if China for example, would theoretically require to be paid in dollars for the entire US debt which holds, in just one day, this could be done practically with the push of a button on the computer. China's share of US debt would pass automatically to the hands of the "Federal" Reserve. One easily understands that any American government is fully controlled by the "banksters"."
http://failedevolution.blogspot.gr/2013/10/new-deal-vs-obamacare-one-rea...
Banks, Terrorism and other Existential Threats: The Real Invisible Hand
A request for assistance from ZH readers (known for being enthusiastic commenters) :
We have prepared a series of three papers and a podcast on the dangers of the use of fiat/digital currency combined with the near total dependency of most of our economies on the international payments and settlements system. This leaves us vulnerable to a systemic collapse, an insider threat and/or a foreign attack (read China, Iran, Hezbollah). In short, banks and anyone who deals with a bank is on the frontline of a new form of warfare.
These research papers and the podcast mark the first time that anyone has been drawn attention to the line between fiat vulnerability and the payments and settlement system. We will be writing a fourth paper on potential solutions and options for moving ahead. Any comments or ideas are welcome here or at cohost@brokenmirrors.ca
CONFLICT OF INTEREST STATEMENT
** *The Broken Mirrors website is not set up to be a for-profit website or business (yet). However, we do intend to make the transition to making money sometime in early 2014 as we develop the work on the site and an associated online training program. In other words, no direct financial gain from this posting.
Banks, Terrorism and other Existential Threats: The Real Invisible Hand
We can begin the discussion with a simple proposition: what bankers are allowing to happen (consciously or not) at Central Banks and Financial Institutions is far more fearsome than what terrorists have planned in the past. A failure of their jointly operated payments and settlements system would do more systemic damage to the advanced economies than any terrorist attack has done to date. The payments and settlements system is virtually invisible to the public, intelligence and security agencies and most politicians. Yet this ‘invisible’ system has implicated itself into the everyday lives of the populations of almost all of the developed economies.
The other invisible factor lurking in the background is the fiat currency system used by almost all developed nations. Those bank notes in your pocket or wallet are called ‘fiat currency’ as there is little to nothing that supports them other than pure faith – which is by definition invisible. When individuals lose faith in their government or their financial system, the currency can become nearly worthless in a rapid manner: history is littered with failed fiat currencies.
The intelligence community as a whole has not seriously examined the potential for the application of the use of force (cyber or otherwise) within this economic domain. Nor is it clear that most Western governments have any ability to respond to such an attack (or internal failure) should such an event occur. As Jason Healey, the former White House Director of Cyber Infrastructure Protection noted in a recent address, if the United States is engaged in a cyberwar, Americans would be far better served by contacting Microsoft or AT&T rather than the Department of Homeland Security.
For more on this see:
Banks, Terrorism and other Existential Threats: The Real Invisible Hand http://www.brokenmirrors.ca/?p=230 (intro, list of papers and links)
The Invisible War in Your Wallet – The Sixth Domain of Warfare is You http://www.brokenmirrors.ca/?p=203 (the invisible links between banks, terrorism and existential threats, the international payments and settlements system, the existential threat resident in the current limitations of the (il)legitimacy of the fiat currency system, impact of a failure on the economy and you)
Welcome To The Front – Social and Economic Warfare is all about You http://www.brokenmirrors.ca/?p=252 (future scenario involving the People’s Republic of China, China’s capabilities and intentions, how a potential conflict scenario could develop, previous payments and settlements attacks and failures, conclusions about the state of system security)
The Transformation of the Sixth Domain: Economic Warfare and You in the Information Age. http://warontherocks.com/2013/10/podcast-the-war-in-your-wallet-the-real-invisible-hand/ or at http://www.brokenmirrors.ca/?p=261 Podcast (economic warfare, scenarios, fiat currency history, fiat currency current situation, pushing back against the system, community resilience)
FUTURE PAPER: We intend to write one more paper on the payments and settlements system which would identify the path ahead. Reader comments and ideas will be included and we want your views! This paper will address issues around the functioning of ATMs in the event of a payments and settlements crisis and whether or not individual FIs would be able/willing to provide cash to only their own customers. Would this cause a run on the banks? If there is a breakdown in the payments and settlements system, what would happen to note exchange and provision systems and how would cash get to the FIs? What would be the effect on securities exchanges, cheques clearing, retail debits, direct deposits, derivatives and foreign currency exchanges? How would they be settled without the payments and settlement system?
Please leave comments here or send directly, in confidence, to cohost@brokenmirrors.ca
(known for being enthusiastic commenters) :
Ah yes! If they are being like ZH'ers we are having who are being here all the times you will be having a steady streams of words with intelligences like fuck and fucker and fucking and having many word pictures of men with male organs in the mouths they are having and a flow that is never stopping of words that are stupider than the words of childrens with many ignorances and having no knowledges except how to be always saying fucking and arguments they are thinking to be strong because they are saying fuck in front of the stupids they are saying.
I think your post is obscene.
This is all very interesting and I'll look closer at your theme, but I also think you may be coming late to the party. I believe Jim Willie has been discussing covert warfare via the monetary system in considerable detail for some time now. There are numerous articles to point to, but here is one I would recommend off the top of my head:
"The Coming Isolation of USDollar" -- to outline the various aspects of the isolation, as foreign nations and trade partners seek
to isolate the toxic agent, to trap the infection, to remove the vermin from the system... a new Asian trade zone has been formed
which excludes the United States, a likely consequence of constant hegemony, profound bond fraud, and outrageous drainage of
Eastern capital, the trade zone to extend to Eurasia in time... the broken US system cannot and will not correct itself, since no
dysfunctional system has the capacity to bring about internal change, the trend instead to be further deeper corruption and desperate
action to preserve the system where criminality runs rampant... hope for a righted ship is misplaced, or enforcement by regulatory
bodies, or even a revival in mining stock valuations... expect the Gold paper price to fall while Gold metal (preferred bars & coins)
price to rise in divergence, as well as expect mining firms to produce lower output under cost pressures, share dilution, jurisdiction
threats, and labor strikes... a new non-FOREX trade settlement system is in development, pushed since the Lehmann events in 2008,
given powerful thrust since the Iranian sanctions were imposed, which galvanized foreign trade participants... new element in the
Shanghai Gold Exchange price differential versus the corrupt COMEX, inviting arbitrage and more rapid NY/London drainage...
watch a sunset of the Petro-Dollar defacto standard, as the Saudis soon will accept non-US$ payments, the final doorway for the
Third World setting in the United States, to be marred by price inflation, supply shortage, deep isolation, and a vast police state.
http://news.goldseek.com/GoldenJackass/1356642000.php
Thanks. Will look this up.
re: "covert warfare via the monetary system"
long before Jim Willie...Silent Weapons For Quiet Wars
No need to have one. See ZH's (non)policy on conflicts and full disclosure.
http://www.zerohedge.com/node/13972
To tell what I believe is the truth, I think the US Military is split into two groups. Those for what is going on and will obey orders, and a much larger group that will join the rebellion. The O'man fired too many good generals and admirals, and I believe their former troops & sailors await common sense commands. "The game is afoot." (we all know where that line came from.) You can include Special Forces and Navy Seals. When TSHTF, we have nothing to worry about, we can support our good troops with hunting rifles or canned goods. Just because most of the military does not read ZeroHedge doesn't mean they aren't intelligent. Look how many donated to Ron Paul's campaign.
"Fortune favors the bold." Don't forget that the average GI is an American, with family, neighbors, friends, and country. I don't honestly know about the Army, Air Force, or Marines, but the many Navy Chiefs I know always disobey, telling their men to stand down when some officer starts to address the men about securing the arms of private citizens. This is a great sign! To me, the government has lost credibility.
I'd be more than happy to read any replies tha contradict my statements.
We knew better. He gave away the store or more likely lost control of it through incompetence.
A bunch of asshole bankers working for private foreign banks , completely destroyed america in under 15 years.
These men and women at the helm of these mega banks should be brought to justice as war criminals for crimes against the state.
Their actions and "bail-outs" and monetary corruption and greed have destroyed the last beacon of liberty on the planet, they have ruined the fortunes of an entire generation and their off-spring.... they have caused un-told thousands if not hundreds of thousands of deaths and suicides.... all the while lining their pockets with the stolen wealth of others....... let history keep note of who these people are, for when the final bell tolls many should bring these few to justice and ensure they take the brunt of the damage they themselves manifested through their works, which they so animatedly and ironically deem as "the work of god".
What in the fuck to I care what 200 million muslims think of our ?muslim? president even though they might even be right.
Boehner to Chinese:
"Guess what? I'm the one with his finger on the button.
BammyCare goes or we all go.
Take that offer to JakartaMan and get back to me.
Better yet, leave a message on Rand Paul's answering machine."
looking through a wide angle lens, not much to be proud of in the USA. get more focused and look locally, things look better. USG is the problem, not the union itself.
wake up people!
Has there every been such a headline?
Anyone want to explain to me who will get on the other side of China should it decide to sell its enormous pile of our debt?
Anyone? Anyone? Bueller? Bueller?
Didn't think so...
Boehner may have been dealt a pair of Aces.
You are projecting a simplistic world view. The Chinese have been covertly dumping US T-bills for some time now, using them as collateral for huge projects, and thereby sticking third party banks with the entire risk. In brief, they have already "sold" most of them, turning them into gold bullion and financing the new BRICS trading platform ( to be officially initiated in 2014). If you think the Chinese are going to be left holding the bag, you've been taking your grandmother's meds.
Wake up and smell your hair. It's on fire, by the way.
They haven't dumped all of it yet.
On top of that, without a debt increase, who buys their stuff?
They will buy their own produced "stuff". Once they let their currency float and rise, they will have much more purchasing power to buy "the stuff"
And what will the U.S. "military" I meant government do should they attempt just that???
In those memorable words by Europe (the group):
It's the FInal COUNTdown !
Anybody got some yuan around here ?
China,
You have a central bank, yes? You collude with other central banks, yes? You bought U.S. Treasuries, believing that central banks would control the world, and wage endless war, off the labour and taxes of ordinary people; ordinary people, not your children.
Surprise! The USA is less predictable than central bank arrogance imagined. Or to put it another way in an old Chinese saying: it is easier for a poor man to become rich, than a rich man to become poor. Or an ordinary American version of the same: when you lose everything, you lose it, ie you have nothing left to lose, so do not bow down to the oppressor - CONgress and international financiers in this instance.
The 'full faith and credit' of the U.S.A. was ruined by the people you conspire with.
I was hoping for more wisdom from the world's oldest continuous civilisation, China. Ho hum. Keep with the next 5 year plan of buying more gold. You've got that going for you. Don't be greedy.
let me guess: guns don't kill people. meanwhile central banks do, independently on how you "wield them"?
sorry, but imho the whole China/USA situation we have now is a product of US international policy first, and "central bank collusion" second
the whole point of globalization as US policy of the last decades is opening all borders to all kind of flows. free trade. sounds good, eh?
you can blame China as much as you want, but the current game rules are made by Uncle Sam. think about that, for a moment
China can only accumulate USDs by producing and selling to you, remember?
But, but, but...europe and britain claim to be independent places. You've got your grand palaces, and collectivist EUSSR. Russia flying military planes over Spain and Portugal for 'mapping' purposes.
Stop whining, just because you can't afford your grandstanding pretence to be independent, unless the U.S. pays for you with our money and blood.
Pay your own way. Thank you. We'll pay our own in future. Fair deal. Live with it.
How are Mandelson, Barroso, Blair and Brown getting along these days? Still shills for banksters, and owned by the oligarchs? Rhetorical question, educated fool you.
Humoring your delusions is coming to an end.
The end started with Lincoln and went ballistic with the FedRes and income tax. It started to fall back and tumble to earth with the 1971 gold severance. The wings burned off during Bush Jr., and now the first burn-though. The ground is coming up faster and faster and it's time for the awake and lovers of Liberty to jump.
Jump to survive and then fight for the Restoration when the end does soon come.
If we pull their finger, do we get a new iPhone?
Think back to the late 90s. The US really was the pinnacle of civilization.
I'm gonna have to disagree and say the mid-80s. But then again, I was in my 20s, making good money on several fronts, playing guitar in a heavy metal band, nailing everything that moved, and swallowing, smoking or sniffing anything on the table.
Nah, its got to be the early seventies. If you avoided the draft it was all good. Disco and no Aids. HemiCudas and ALL of the good bands. I still get flashbacks!
Looks like Mr. O's Mama is trying to force a spoonful of squash down his yap.
The government was beginning to pay down its debt.
When did this happen? Debt levels never decreased, they just borrowed from the lockboxes to fund government operations while they proclaimed surpluses...
At least Barry has a hot first lady to bang every night....lmao
I am now listening to my neighbor's daughter playing Debussy. My other neighbor is planting her crops. This excuse for a human being is drowning in his arrogant, shall we say, childish running of the US goverment. Where are the Americans whose grit and resolve created something unique in the history of the world? I despair. But hope springs eternal.