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Old October 15th, 2013, 02:36 PM   #1
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Stand up Americans

Stand Up Americans -- Paul Craig Roberts - PaulCraigRoberts.org

"In less than 2 days, if the Treasury secretary can be believed, the Treasury will not have enough money to pay all its bills and will have to prioritize. This doesn’t mean default, as interest on Treasury bonds, notes, and bills will be right up there with the military and NSA. If Washington defaults on its bonds, Washington’s power will be gone with the wind regardless of whether the Treasury pays the military.

Whatever the outcome, Washington has already cooked its goose. Washington’s prestige and credibility have been hammered.

China, Washington’s largest foreign creditor, has responded to Washington’s inability to govern itself with a call for a de-Americanized world. The state news agency, speaking for the Chinese government, said that the “days when the destinies of others are in the hands of a hypocritical nation have to be terminated, and a new world order should be put in place.”

China does not mean by “a new world order” the conspiratorial concept popular on the American right-wing. What the Chinese government means is a departure from the American world order based on the US dollar as world reserve currency and US financial imperialism.

China has clearly had enough of Washington’s hubris, arrogance, and irresponsibility as the lack of diplomatic language makes clear: “Instead of honoring its duties as a responsible leading power, a self-serving Washington has abused its superpower status and introduced even more chaos into the world by shifting financial risks overseas.” In addition Washington has provoked “regional tensions amid territorial disputes, and waged unwarranted wars under the cover of outright lies.”

China announced that it has discounted the value of US Treasuries held as collateral against futures trades, and China and the European Central Bank have arranged a currency swap in preparation of a US default.

The head of the IMF declared on NBC that Washington must honor its signature and uphold its financial promises.

Clearly, the fact that the “superpower” is less than 48 hours away from being unable to finance its red ink has made the world nervous of American financial leadership.

I believe that at the last minute the crisis will be resolved and, if not, that neither the Federal Reserve nor the White House will permit a default on public debt. Either the Fed will extend a loan to the Treasury or Obama will implement one of the presidential directives put on the books by George W. Bush. Nevertheless, the government’s shutdown and the specter of a Washington default has made a deep impression on the world. Washington’s power has been diminished permanently.

Washington’s economic embarrassment came close on the heels of being exposed as a liar and blocked from attacking Syria. Neither the American people, nor the UN, nor the British Parliament, nor NATO, nor the Russian government would tolerate another Washington act of naked aggression.

With comeuppance following comeuppance, the diminished superpower will be showing less arrogance in the future.

Now that the rest of the world has stood up to Washington, the American people need to stand up to the executive branch, take back their civil liberties, close down the police state, break up the media conglomerates and reestablish an independent press."
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Old October 15th, 2013, 02:39 PM   #2
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It's time to march on Washington naked, swinging your fists in the air, and chanting "hey-ho, hey-ho."
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Old October 15th, 2013, 02:45 PM   #3
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If shit really hits the fan and we go to Weimar America-style, then we're fucked.

Putsch time.
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Old October 15th, 2013, 03:09 PM   #4
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Screw China and its covert economic war with the US.

It refuses to properly value its currency, which gives it a decided economic and even strategic advantage.
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Old October 15th, 2013, 03:24 PM   #5
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Originally Posted by imaginethat View Post
Screw China and its covert economic war with the US.

It refuses to properly value its currency, which gives it a decided economic and even strategic advantage.
And yet in spite of knowing that I don't remember China holding a gun to any President's head to make them borrow more and more and more and more and ...
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Old October 15th, 2013, 03:26 PM   #6
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Quote:
Originally Posted by pana8 View Post
Stand Up Americans -- Paul Craig Roberts - PaulCraigRoberts.org

"In less than 2 days, if the Treasury secretary can be believed, the Treasury will not have enough money to pay all its bills and will have to prioritize. This doesn’t mean default, as interest on Treasury bonds, notes, and bills will be right up there with the military and NSA. If Washington defaults on its bonds, Washington’s power will be gone with the wind regardless of whether the Treasury pays the military.

Whatever the outcome, Washington has already cooked its goose. Washington’s prestige and credibility have been hammered.

China, Washington’s largest foreign creditor, has responded to Washington’s inability to govern itself with a call for a de-Americanized world. The state news agency, speaking for the Chinese government, said that the “days when the destinies of others are in the hands of a hypocritical nation have to be terminated, and a new world order should be put in place.”

China does not mean by “a new world order” the conspiratorial concept popular on the American right-wing. What the Chinese government means is a departure from the American world order based on the US dollar as world reserve currency and US financial imperialism.

China has clearly had enough of Washington’s hubris, arrogance, and irresponsibility as the lack of diplomatic language makes clear: “Instead of honoring its duties as a responsible leading power, a self-serving Washington has abused its superpower status and introduced even more chaos into the world by shifting financial risks overseas.” In addition Washington has provoked “regional tensions amid territorial disputes, and waged unwarranted wars under the cover of outright lies.”

China announced that it has discounted the value of US Treasuries held as collateral against futures trades, and China and the European Central Bank have arranged a currency swap in preparation of a US default.

The head of the IMF declared on NBC that Washington must honor its signature and uphold its financial promises.

Clearly, the fact that the “superpower” is less than 48 hours away from being unable to finance its red ink has made the world nervous of American financial leadership.

I believe that at the last minute the crisis will be resolved and, if not, that neither the Federal Reserve nor the White House will permit a default on public debt. Either the Fed will extend a loan to the Treasury or Obama will implement one of the presidential directives put on the books by George W. Bush. Nevertheless, the government’s shutdown and the specter of a Washington default has made a deep impression on the world. Washington’s power has been diminished permanently.

Washington’s economic embarrassment came close on the heels of being exposed as a liar and blocked from attacking Syria. Neither the American people, nor the UN, nor the British Parliament, nor NATO, nor the Russian government would tolerate another Washington act of naked aggression.

With comeuppance following comeuppance, the diminished superpower will be showing less arrogance in the future.

Now that the rest of the world has stood up to Washington, the American people need to stand up to the executive branch, take back their civil liberties, close down the police state, break up the media conglomerates and reestablish an independent press."
Calls for anarchy and treason? Someone should alert the FBI.
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Old October 15th, 2013, 03:29 PM   #7
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And yet in spite of knowing that I don't remember China holding a gun to any President's head to make them borrow more and more and more and more and ...
I don't remember it either, nor do I remember any gun being held to US citizens' heads forcing them to buy Chinese goods.

But, to deny the Chinese have their sights set on toppling the US dollar is fantasy.

Just watch how quickly they'll properly value their currency if the dollar falls. They've positioned themselves well on the chessboard in anticipation of the possibility.
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Old October 15th, 2013, 03:30 PM   #8
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Calls for anarchy and treason? Someone should alert the FBI.
What? That the Americans should throw off the Liberal-Bolshevik chains which you and the rest of you college-campus liberal Bolsheviks imposed on us?
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Old October 15th, 2013, 03:31 PM   #9
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Calls for anarchy and treason? Someone should alert the FBI.
They know, and they appreciate your support, too.
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Old October 15th, 2013, 03:34 PM   #10
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nope//

I will not stand up to the gov after the way
its treeting me you and americans
just because they dident get there way.
are they thinking of what it is doing to us.
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