Saturday, December 4, 2010

War with China may sound completely outlandish to the point of insanity at first glance.

American Scofflaw

But please remember:

1. The US cannot possibly pay back the billions it owes China, and much of the value of that debt is now being debased, courtesy of the Fed's policy of quantitative easing.

2. The US was unsuccessful in getting China to revalue its currency at the last G-20.

3. China and Russia have done away with the dollar all together in bilateral trading.

4. There are those in the bowels of power in DC who actually believe that a new war would be a good thing, because:

A. It might get the US out of its economic doldrums (recessions in the US have historically been "fixed" by this country going to war) and

B. It just might divert the fury of American citizens away from its government, because the outcomes of its domestic and foreign policies have put so many Americans into such a world of financial misery.

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