China is a myth. At it’s core, this statement rings true:
I have held for a long time that the rise of China is a Zero Sum game, slightly modified: Every dollar they earn is a direct result of American policies. The day America chooses to gut the Chinese, it is a simple matter of closing the ports to her imports.
A little pain here…and an E.L.E. in China (Extinction Level Event).
Better believe it Suzi. You can wax poetically all you want about the new Chinese century, and how wealth is shifting east, and I will still echo the concept above. America holds all the cards here, sovereign debt or not.
With regard to war in Europe though. It has been made abundantly clear that the people on the EU have no intention of shrugging off their banking masters’ chains. Berlusconi & Greek Papa-whatever’s resignations are clear signs that the ruling class is still very much calling the shots and running the show.
I get the feeling that the politicians are desperately trying to play musical chairs, hoping that the collapse occurs on the other side of the Atlantic first. History being a perverse little bitch, this naturally tends to suggest that it is going to start in Asia.
Still no long distance travel for me until after Christmas, and then, maybe an extension of my paranoia. China is in huge financial trouble at the moment. That is a flaming nun filled school bus of death. Once they go, the idea of civil unrest will have the bar raised. China is a land being controlled today by the same Mandarins that have been in power for over a 1000 years, only now in a different form. That country is barely held together by a mix of radical prosperity and disparity of living standards, abject fear, and military might.