You have to hand it to the New York Times. They have a way of putting the best spin on our nation's ominous future. Regarding President Obama’s trip to China, the Times said:
“Some activists worry that the Obama administration has been too muted in its criticism of China’s abysmal human rights. Mr. Obama postponed a meeting with the Dalai Lama until after this summit meeting. But trying a less confrontational approach, for a while, isn’t unreasonable.”
God forbid the United States should be “unreasonable” to tyrants, especially this tyrant. As reported in China’s People’s Daily, “Visiting US President Barack Obama said here on Monday that Washington does not seek to contain China. ‘We do not seek to impose any form of government on any other nation,’” Obama reassured his hosts. Of course not, Obama is in China to convince the mighty dragon to partner with him in building a bright socialist utopia in America by purchasing a few trillion dollars in U.S. Treasuries. If a socialist U.S. congress is willing to order a huge and costly dinner, shouldn’t socialist China gladly pay the bill? “From each according to his ability, to each according to his need,” and all that. China believes the cost to America should be more than just interest paid on borrowed Chinese trade dollars.
An editorial in the China Daily stated:
“As China's military might grows, and especially, its naval and air forces expand their range of activities, Chinese and American military activities and missions are expected to increase in open sea and air spaces. In view of this, the two countries should strictly abide by international maritime and air regulations and try to avoid dangerous military moves that could possibly trigger accidents.
“For the time being, the US should first halt frequent short-distance surveillance by its warships and military airplanes of China's coastal areas, a potential fuse for military accidents.”
Translation: better diplomatic relations means recognizing the Western Pacific as China’s private lake. Otherwise, accidents can happen. Wink, wink.
The New York Times suffers from the delusion that the United States will remain a Superpower under Obama and his Democrats. The Times urges him to press China to “play an even stronger international role — but also curb some of its darker instincts, including its mistreatment of its own citizens, its less than savory relationships with countries like Sudan and its tendency to bully its neighbors.” President Obama is hardly in a position to make demands of the guy with all the cash and a growing war machine.
Meanwhile, back at the Federal Reserve, chairman Ben Bernanke made a statement that was opaque but frightening nonetheless:
“The foreign exchange value of the dollar has moved over a wide rage over the past year or so. When financial stresses are most pronounced, a flight to the deepest and most liquid capital markets resulted in a marked increase in the dollar. More recently, as financial market functioning has improved and global economic activity has stabilized, these safe haven flows have abated and the dollar has accordingly retraced its gains.”
That’s Fed Speak for, “the dramatic drop in the value of the dollar is the international investor’s way of voting with his cash.” Once upon a time, the one saving grace of the American economy was its position as the globe's financial “safe haven.” Obama’s spending has put an end to the American economic engine, decimated the value of the dollar and is driving investment into the arms of China and the time-tested safe haven of gold. That means Obama and future presidents will make begging pilgrimages to China a regular part of their presidencies.
Very soon, China will become the world’s policeman. The guard will change from good cop to bad. But in a world with no moral compass, few will notice - until China's iron boot "accidentally" comes down on their heads.
-- Mr. Curmudgeon
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