US International Power Continues To Collapse Rapidly

[Joanne98]

October 5, 2008

Elaine Meinel Supkis


Every day is Groundhog Day in the US military/industrial sphere. We make the same monotonous mistakes over and over again. Unlike in the movie where the main character slowly works his way out of the loop by being nicer, the US is working its way out of this moronic loop by being nastier. So it doesn't get out of the loop, of course. Now, the US has entered a much more dangerous loop: trying to out-militarize China and Russia by arming their neighbors and feeding insurrections in both of these nuclear-armed empires. And we also are bombing Pakistan which also has nuclear bombs, driving Pakistan into China and Russia's orbit.


US urged to bolster missile, space defenses against China: paper

A draft report recommends that the United States build new missile, sea-based and space-based defenses to deal with China's growing nuclear and conventional forces, a newspaper said Tuesday.

The draft by a State Department advisory board said China aims to build forces that are not just capable of retaking Taiwan but also of projecting power beyond east Asia, The Washington Times reported.

China's "major objective is to counter US presence and US military capabilities in East Asia through the acquisition of offensive capacities in critical functional areas that systematically exploit US vulnerabilities," it quoted the report as saying.

China is developing capabilities for "asymmetric warfare," such as space and computer weapons, that could help it defeat stronger US armed forces, according to a copy of the draft the daily said it had obtained.



Well, China may be capable of doing 'asymmetric warfare' but not by gumming up our computers or dropping bombs on us! It is obvious to anyone commenting on financial matters that China's chief nuclear bomb is financial. Namely, they withhold credit from us or strengthen the yen of Japan and thus, prevent the Japanese carry trade and we go 'boom.' The US is busy taking on epic amounts of debt right now and we plan to get the credit for all this by selling Treasury bonds. These have been selling like hot cakes because of frantic bankers using it as a bomb shelter.


This is not a good thing because the bankers doing this are bankrupt. They are pulling this scam whereby they 'sell' really trashy CDO, CDX and other garbage to the US Federal Reserve which then translates the paper value of these worthless things into Treasuries. So it looks like the US government has infinite credit at virtually 0% interest thanks to this obvious circular scam.

Read more>>>
http://elainemeinelsupkis.typepad.com/war_and_peace/2008/10/us-internationa.html

[Sinistrous]

1. The source blog is quoting the Washington Times.

Suggest taking this with a large grain of salt.

[Joanne98]

2. I'm not worried about it. She's a Dem.