By David Zephyr
Today the Chinese government told the bear where to shit in the woods. They let us know that they are unhappy with their client, the U.S. Indeed, the Chinese Foreign Minister now confirms that China's last-minute cancellation of a U.S. Navy visit to Hong Kong was not the result of a misunderstanding, but because American/Chinese ties are "disturbed and harmed". While he refused to elaborate, his negative characterization of U.S.-China relations appeared to indicate that Beijing canceled the visit deliberately in order to register its displeasure over U.S. actions.
Don't be deceived. It's not just the sale of weapons to Taiwan or the visit by the Dalai Lama that has China miffed. It's also the cheap dollar. It's economics. It's the continued down spiral of the U.S. dollar that is squeezing China's profits of goods they sell here forcing them to either take smaller margins or to raise the value of their currency against ours.
And so, the chickens are coming home to roost.
China has bankrolled George W. Bush's war adventures and are not happy with the ever falling dollar to pay back that debt.
China is more and more in the driver's seat with regards to U.S. economic and foreign policy.
One can not blame China for taking care of China and for playing this administration and our corporate heads for the greedy, near-sighted fools that they are. China's government is looking out for their interests. The same can not be said about our nation's leaders.
The U.S. is bleeding our capital resources to China for manufactured goods and to Middle Easter dictators for energy.
We are now down to a mere 10% of our own manufacturing of where we were just a decade ago.
We import more than half of all of our energy requirements.
Our nation is collapsing under debt and hemorrhaging two hundred years of capital accumulation away.
Our military is stretched beyond its ability. Our military hardware is wasted away.
The U.S. Dollar is no longer the currency of choice in the world.
New York is no longer the financial center of the world.
We have become a toothless, fat, spoiled, superstitious creature who is running out of money and still needs a fix for our many addictions. Our political leadership panders to our need to be consoled with platitudes that we are "the greatest" people on earth.
The future is not bright. The state of the nation is worse than it has been since the Civil War.
This country needs new leadership.
Posted in full with author's permission.
Originally posted at democraticunderground.com: http://tinyurl.com/2roc8c