Wednesday, May 11, 2011

The U.S. government is trying to steal $100’s of billions from China

Simple. The U.S. government is trying to steal $100’s of billions from China, and lying about who is the real “currency manipulator” is the only way that the U.S. government can steal from China.

China holds about $1 trillion in U.S. government debt. As the biggest deadbeat in the history of the world, the U.S. doesn’t want to pay China (nor any of the holders of its $14+ trillions in debt). So the U.S. plan to cheat China (and others) was to water-down its own currency much faster than China is diluting its own paper. This would (normally) cause the U.S. dollar to plummet versus China’s own currency. Since all of the money that the U.S. owes China isdenominated in U.S. dollars, by driving down the dollar versus the renminbi this would mean that the dollars that the U.S. government would use to repay China would/should be worth much, much less than the dollars the U.S. borrowed from China.

What it all boils-down to is that the U.S. is accusing China of “manipulating” its currency simply because China has refused to let the U.S. steal from it – by keeping the exchange rate relatively constant between the two currencies.

Not one word of this analysis is new. Not one word of this analysis is possibly open to debate. And not one word of this analysis ever appears in the U.S. mainstream media. Obviously planning to steal $100’s of billions is serious business – and requires everymember of the U.S. propaganda-machine to sing from the same song-sheet.

The U.S. government is a collection of liars, thieves, and hypocrites. The U.S. mainstream media is a group of shameless sycophants who parrot those lies with complete fidelity. However, far from demonstrating even one iota of contrition, all that the U.S. government ever does is ratchet-up its level of lying and hypocrisy.


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