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Monday, October 7, 2013

China Gets Burned by Communist U.S. President

And they have nobody but themselves to blame.

The way I see it, if China didn’t buy all that debt, then Washington wouldn’t have been able to spend it. And if they didn’t sink all that dough into President Barak Obama’s election in 2008 and 2012 then we all wouldn’t be stuck with a guy who is only interested in forcing his Communist Ideology on the United States citizenry and champion the destruction of all that made this nation great. And yet the President has managed to have kept all the parts of the U.S. government machinations that people all over the world decidedly do not hold the U.S. in high esteem for, mainly: War Mongering, Spying, Economic Imperialism and screwing with the politics of foreign nations. Go figure.

So I won’t be crying any tears if and when the U.S. tanks and China is left holding $ 4 Trillion in promissory notes from the U.S. Treasury. That’s the way the cookie crumbles and that’s American Politics.  I just thought the Federal Reserve was just going to devalue the dollar to the point where paying the debt would be as simple as running the printing press but I guess China isn’t going to get even that.  
China's money men are now at risk of having an "accident" since they went all in on the U.S. debt. But countries can and do go out of business. Look at North Korea, they're out of business. The USSR had a big "Going Out of Business" sale sign on their wall in Berlin back in the 1990s so don't say it can't happen and after their debacle with Greece, I wouldn't suspect Germany to offer receivership any time soon. As a shady investment broker once confided to me: “Do you want to know how to make a small fortune in the Stock Market?  Start with a large fortune!” after which he proceeded to put my 401K rollover funds into a high Commission Yield Fund, for him! I learned a lot from that guy. And so will China.  

But seriously, a default is inevitable since the next 2 1/2 years is going to be like this. Just like everybody with a little common sense knew in 2004 that the housing market was going to tank well before it finally did in 2007 and nobody with the ablity to do anything about it did anything about it. So who expects something good to suddenly happen? The Pope maybe but nobody else. Rather we default now instead of defaulting 4 years from now when Hugo Chavez Obama completes his mission.
And the Chinese State should know better than anybody in the world today that Communism doesn’t pay the bills. That’s why they got out of the "Share the Wealth" business and changed over to a market economy some time ago now. It’s still an Imperial Totalitarian State but they’ve obviously got money to burn. And burn, I hope, it will.

It is my profound hope that Speaker Bohner holds the line with my fellow freedom loving Tea Party citizens of the United States House of Representatives and succeeds in defunding the disastrous and devious Nationalization of Healthcare and derails this anti-capitalist demagogue in the White House.

And if it crashes the economy and we default on the nation’s debts, it will be a small price to pay for freedom and the United States will be better off for it in the long run. And a default will be the only way to get the government to stop spending money the nation has yet to earn. China, although not alone in its complicity, has played a very big role in that spending spree.
If a default does come about then the Chinese will have plenty to think about while they’re kicking the Tibetans to death in the streets of their home town, forcing women to have abortions, breathing their fetid air and building their war machines to carry escalate their war-like stature and intimidate thei neighbors.

Good luck with that. We’re all going to need it.

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