Posted on 10/22/2013 9:01:01 PM PDT by Olog-hai
The whole world looked on as the United States embarrassed itself for three weeks with its government shutdown. China, the only other superpower, profited from the domestic dispute—but as Washington’s largest creditor, it also has cause for concern. …
In a commentary published last week by Xinhua, Beijing’s state-owned news agency, commentator Liu Chang wrote: “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-Americanized world.” …
The global financial system would also require “some substantial reforms,” the news agency 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.” Xinhua also suggested “the introduction of a new international reserve currency that is to be created to replace the dominant US dollar, so that the international community could permanently stay away from the spillover of the intensifying domestic political turmoil in the United States.” …
(Excerpt) Read more at spiegel.de ...
Specter is gone.
Know what— if we had gone on and defaulted, two things would have happened. 1.)impeachment (and fired Treasury Sec) because it is Constitutional the debt is paid first.
and 2.)our “debt” to china would be non-payable, and china would fold up, and maybe get the hell out of our country.
About the only good thing about Red China owning some of our debt is that they must fear what would happen if they invaded Taiwan. The U.S could tell them to forget about being repaid.
Hey Der Spiegel, you stupid German bastards. Only 17% of the Government shut down, the parts aimed at hurting decent citizens and veterans.
I was in that 17%. Nobody died because I wasn’t at work, though I do save the taxpayers millions of dollars a year in what I do.
And those in the govt who didn’t work are going to get paid, while we contractors, who literally keep the govt alive and functioning, can only apply for unemployment, use up our vacation time or get nothing.
For the Germans, fuck you. You lost the war so shut up until you get things right. In fact, you should change your name to “Dur Furher”. More appropriate re your hate-America garbage.
China isn’t a superpower.
It isn’t even in Russia’s class.
And as long as China depends on stealing our technology from 5 years ago instead of making its own, and hacking our computers causing us to improve our security, and holds trillions of dollars of our debt that could be repudiated in the event of hostilities, it won’t be.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.