We really stuck it to those Chinese!
We really thought we were gonna make billions off of those stupid Chinese! We’d sell the Coca Cola and Big Mac’s and tons of other American branded exports. Then we’d get them to work for us for cheap wages. Yeah. We were going to take the “new China” for a ride. The fact that they embraced free markets was proof of the impracticability of Communism with its leveling of all the daisies in the field, and its promise of cradle to grave care. Now we are in debt to the Chinese for billions. Let’s not forget that Reagan is credited with defeating Communism, but there are over a billion people living under the random whims and dictates of the Communist Party. Just because China is more prosperous on paper, we must remember that they still operate slave labor camps. That is why I object to China receiving most favored nation trading status. They are buying up our hi-tech secrets openly. Even twenty years ago this kind of “trade” between the U.S.A. and the People’s Republic of China (PRC) would have been unthinkable.
China dumps substandard, cheap products; products that are the fruits of slave labor, I remind you, on the American market. We are bleeding money into China. On top of that is the shameful practice of late of borrowing money from China. Their cash is based on a rickety rackety system and it’s going to crash. I’m predicting a major crash in China soon and then they are going to want all that money back to operate their huge government. Talk about big government, according to Michael Schuman of Time magazine, the Chinese are spending billions to keep people employed and they are locked into the same pattern as us- debt, debt, debt. I tried to plumb Google for information on what portion of the population works for the state, but it must be phenomenal. I doubt if anybody in the U.S. or China, for that matter, knows the answer to that question.
It all makes me wonder how they can be creditors?
Putin talks trash
Putin recently called America a “parasite” in terms of the Global Economy. All that matters to this man is power. With the t.v. media and print media under his strict control, it’s no surprise that he is extremely popular in Russia.
Some observers say Putin is in open campaign mode ahead of elections to the State Duma in December. There is widespread speculation in Moscow that he’s planning on returning to the Kremlin following the presidential election in March 2012. —Asia Times Online
No matter that he’s achieved many of his political goals through murder, brutal and machiavellian tricks. His crimes range from the poisoning of an oligarch (Alexander Litvinenko) to the execution-style gunning down of an opposition journalist (Anna Politkovskaya). Vladimir is one scary guy. I’m just a speck of dust in the media maelstrom, but if this posting were brought to his attention, he just might order a “hit” on me- Mafia style. That’s Vladimir Putin’s style. Oh, and don’t get me started on Chechnya.
What this all adds up to me is that the winds of the Cold War are still blowing. I believe that it is not in America’s best interest to have such close financial ties with China and Russia. Their prosperity is fleeting and based on book juggling (in China’s case) and the prices of raw materials (petroleum & gas). Once their economies start to teeter totter, look for even more instability on the geopolitical landscape.
These are some random thoughts of Russell Smith.