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China: Friend of Corporate America, Enemy of the U.S. Government

By       Message michael payne     Permalink
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It's no longer news that China, Russia, Iran and numerous other countries are taking steps to conduct reciprocal trade in their own currencies and, if that trend continues, and is significantly increased, the days of the dollar as the primary vehicle in conducting world trade will be coming to an end.

China knows, as do many very knowledgeable economists, that if the dollar's position as the world's reserve currency is severely impacted the effect on America could be quite devastating; that such a monumental financial blow would shake the pillars of this nation and will have an extremely detrimental effect on the lives of every American.

Our leaders in Washington are, without a doubt, fully aware of these intentions to weaken the dollar so the question is: what are they going to do about it? Are they going to largely ignore it and believe that their power is invincible, that they can withstand any challenge to it, either militarily or economically? If that's the case then they are in for a rude awakening as the nations of the world, especially China and Russia, are tired of America's domination and have been emboldened to challenge it; not by using bullets and bombs but through innovative economic strategies and actions.

What's wrong with these leaders in Washington? Don't they get it? Can't they see the handwriting on the wall? Don't they comprehend that they are failing to address a mounting danger to this nation's financial stability? That their policies and actions are severely weakening this nation while, at the same time, China is getting stronger and stronger and on course to eventually become the world economic leader?

The answer to all those questions if that this is a U.S. government that has learned nothing from the many failed strategic and tactical actions that it has taken. It can't seem to understand that when you have dug yourself into a massive hole that you damn sure better stop digging. And so the digging continues and the hole gets deeper.

When future historians attempt to determine at what point America made a turn into a direction that would become irreversible it's highly likely, after much study and deliberation, that they will accurately identify that downward turning point in America's history as right here and right now.

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Michael Payne

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Michael Payne is an independent, progressive activist. His writings deal with social, economic, political and foreign policy issues. He is a featured writer on Opednews and Nation of Change and his articles have appeared on many other websites (more...)
 

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