China Calls for Collapse of US Dollar
Pulling no punches, and sparing no consequences to US/China relations, the Xinhua news agency fired plenty of barbs at the current American administration, and signaled that they are growing even more displeased with the possibility of not receiving interest payments on the debt tokens they hold.
“China’s official news agency has called for the creation of a “de-Americanised world”, saying the destinies of people should not be left in the hands of a hypocritical nation with a dysfunctional government.
Heaping criticism and caustic ridicule on Washington, the Xinhua news agency called the US a civilian slayer, prisoner torturer and meddler in others’ affairs, and said the ‘Pax Americana’ was a failure on all fronts.”
China is a far more serious threat to the United States than Russia ever thought of being. They are a nation with a serious population problem, totaling close to 1.35 billion at last count. As our nation’s largest debt holder, they stand to receive the most damage by an American government default, and some suggest they are already planning an invasion on U.S. soil.
“As US politicians of both political parties are still shuffling back and forth between the White House and the Capitol Hill without striking a viable deal to bring normality to the body politic they brag about, it is perhaps a good time for the befuddled world to start considering building a de-Americanised world,” the editorial said.”
More and more we are seeing significant international powers, as well as small members of theinternational community, taking a very different approach to how they view America. We are no longer being give credit as a World Super Power.
“According to US Treasury Department data, China is the biggest foreign owner of US Treasuries at $1.28 trillion as of July. Besides, China also holds close to $3.5 trillion of dollar-denominated assets.
A US debt default and consequent credit downgrade would significantly erode the value of China’s holdings.
As the first step in creating a de-Americanised world, all nations must try to shape an international system that respects the sovereignty of all nations and ensures the US keeps out of the domestic affairs of others, Xinhua said.
It also called for an end to the use of the US dollar as the international reserve currency, a step that would ensure the international community could maintain a safe distance from the side-effects of domestic political turmoil in the United States.”
Surviving the upcoming collapse of the American economy might be the least of our worries, learning Mandarin by next March is going to be a little harder to swallow.