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Thread: Debt Ceiling: China Calls for World to Be De-Americanised 'Pax Americana' has failed

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    Senior Member AirborneSapper7's Avatar
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    Debt Ceiling: China Calls for World to Be De-Americanised 'Pax Americana' has failed

    Debt Ceiling: China Calls for World to Be 'De-Americanised'

    Chinese government mouthpiece says 'Pax Americana' has failed on all fronts

    By JIJO JACOB : Subscribe to Jijo's RSS feed | October 13, 2013 9:17 AM BST




    Xinhua calls for de-Americanised world


    China's official news agency has called for the creation of a "de-Americanised world", saying the destinies of people should not be left in the hands of a hypocritical nation with a dysfunctional government.
    Heaping criticism and caustic ridicule on Washington, the Xinhua news agency called the US a civilian slayer, prisoner torturer and meddler in others' affairs, and said the 'Pax Americana' was a failure on all fronts.
    The official news agency of China, which is seen as the pretender to the world's superpower crown, then rubbed in more salt, calling American economic pre-eminence just a seeming dominance.
    "As US politicians of both political parties are still shuffling back and forth between the White House and the Capitol Hill without striking a viable deal to bring normality to the body politic they brag about, it is perhaps a good time for the befuddled world to start considering building a de-Americanised world," the editorial said.
    It asks why the self-declared protector of the world is sowing mayhem in the financial markets by failing to resolve political differences over key economic policy.
    "... the cyclical stagnation in Washington for a viable bipartisan solution over a federal budget and an approval for raising debt ceiling has again left many nations' tremendous dollar assets in jeopardy and the international community highly agonised," the agency said.
    It is not the first time Chinese leadership and newspapers have criticised Washington over a policy paralysis that threatens to devalue its dollar assets.
    According to US Treasury Department data, China is the biggest foreign owner of US Treasuries at $1.28 trillion as of July. Besides, China also holds close to $3.5 trillion of dollar-denominated assets.
    A US debt default and consequent credit downgrade would significantly erode the value of China's holdings.
    As the first step in creating a de-Americanised world, all nations must try to shape an international system that respects the sovereignty of all nations and ensures the US keeps out of the domestic affairs of others, Xinhua said.
    "The developing and emerging market economies need to have more say in major international financial institutions including the World Bank and the International Monetary Fund, so that they could better reflect the transformations of the global economic and political landscape," the editorial says.
    It also called for an end to the use of the US dollar as the international reserve currency, a step that would ensure the international community could maintain a safe distance from the side-effects of domestic political turmoil in the United States.

    To report problems or to leave feedback about this article, e-mail: j.jacob@ibtimes.co.uk
    To contact the editor, e-mail: editor@ibtimes.co.uk

    http://www.ibtimes.co.uk/articles/51...ericanised.htm

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    the Xinhua news agency called the US a civilian slayer, prisoner torturer and meddler in others' affairs, and said the 'Pax Americana' was a failure on all fronts
    -----------------------------------------------------



    I want to thank George Bush for putting me into the White House.

    Also, like to give a nod to John McCain, Dick Cheney, and the GOP talking heads in DC for utterly abandoning their Conservative Base . . .
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    Senior Member HAPPY2BME's Avatar
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    Quote Originally Posted by AirborneSapper7 View Post
    ---------------------------------------------------

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    Senior Member oldguy's Avatar
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    One thing I would suggest to the American consumer stop purchasing China junk products whenever possible.
    Mayday likes this.
    I'm old with many opinions few solutions.

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    Senior Member vistalad's Avatar
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    Quote Originally Posted by oldguy View Post
    One thing I would suggest to the American consumer stop purchasing China junk products whenever possible.
    IMO it'll take a concerted action, involving citizens, companies, and elected reps.

    Some manufacturing has moved back to the U.S. I think that General Electric is one company which has decided that low wage rates are not as important as are having workers who can contribute to product innovation; being able to get innovations to market quickly is also an advantage G.E. and, potentially, other manufacturers.
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    Senior Member AirborneSapper7's Avatar
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    These are pallets of $100.00 bills. We are 17 trillion in debt. The fed is a privately owned bank. They are digitizing money and using it to buy their own us bonds to prop up the markets. On the 17th we will hit the debt ceiling. This prevents the fed from creating any more money out of thin air. Please be ready. Time is short...
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    Senior Member AirborneSapper7's Avatar
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    Wall St. elites reason it's time for a 'de-Americanized world,' China's news agency says

    Published October 13, 2013FoxNews.com


    The Yuyuan garden, one of the most popular tourist destinations in town, is crowded by holiday goers on the first day of a week-long National Day holidays in Shanghai, China, Tuesday, Oct. 1, 2013. This year marks the 64th anniversary of the founding of the People's Republic of China. (AP Photo/Eugene Hoshiko) (AP2013)




    China’s official news agency is calling for a “de-Americanized world,” in a blistering editorial characterizing the United States as a “meddling” and “hypocritical” nation that introduces chaos into the world for its own ends.
    “As U.S. politicians of both political parties are still shuffling back and forth between the White House and the Capitol Hill without striking a viable deal to bring normality to the body politic they brag about, it is perhaps a good time for the befuddled world to start considering building a de-Americanized world,” writes the Xinhua News Agency.
    “. . . the world is still crawling its way out of an economic disaster thanks to the voracious Wall Street elites.”
    - Xinhua News Agency

    “Meanwhile, the U.S. government has gone to all lengths to appear before the world as the one that claims the moral high ground, yet covertly doing things that are as audacious as torturing prisoners of war, slaying civilians in drone attacks, and spying on world leaders.
    “Under what is known as the Pax-Americana, we fail to see a world where the United States is helping to defuse violence and conflicts, reduce poor and displaced population, and bring about real, lasting peace.”
    Xinhua is a state-controlled media agency that reports directly to the China’s ruling Communist Party.
    The article, published Sunday, specifically references how, “the world is still crawling its way out of an economic disaster thanks to the voracious Wall Street elites,” as perceived failed policies in Iraq.
    “Such alarming days when the destinies of others are in the hands of a hypocritical nation have to be terminated, and a new world order should be put in place, according to which all nations, big or small, poor or rich, can have their key interests respected and protected on an equal footing,” writes Xinhua.

    Click here to read the Xinhua News Agency editorial.


    http://www.foxnews.com/world/2013/10...s-agency-says/
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