Chinese editorial calls for a de-Americanized world

[ThePythonicCow]

An editorial on the major Chinese news website Xinhuanet spells out the problems with an Americanized world, and calls for respect for international law to replace American hegemony, a new world monetary system to replace the American dominated system, and a new international reserve currency that is to be created to replace the dominant U.S. dollar.

The editorial is here: Commentary: U.S. fiscal failure warrants a de-Americanized world.

Jerry Robinson of Follow The Money (FTM) has posted a detailed commentary here: China: It’s Time for a New World Order.

Here are the key points of the Chinese editorial, as described in the FTM commentary:

The Chinese editorial makes four claims:

• Claim #1 – Since World War II, the U.S. has been bent on building a global empire
• Claim #2 – The U.S. has been hypocritical by “torturing prisoners of war” while publicly accusing other countries of “torture”
• Claim #3 – The U.S. kills innocent civilians in drone attacks
• Claim #4 – The U.S. is “spying on world leaders”

The Chinese editorial then proposes as a solution "A New World Order, New World Currency":

1. “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.”
2. “All nations need to hew to the basic principles of the international law, including respect for sovereignty, and keeping hands off domestic affairs of others.”
3. “No one has the right to wage any form of military action against others without a UN mandate.”
4. “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.”

The Chinese are taking the moral high ground here, which is not difficult to do, given how the U.S. has acted for the last half century.

They are also fully supporting a New World Order, same as the Old World Order, only more encompassing, dominated by World Bureaucracies controlled behind the scenes by World Banksters.

Both the Chinese editorial U.S. fiscal failure warrants a de-Americanized world and FTM's commentary China: It’s Time for a New World Order are quite readable. I encourage you to take a further look. I expect that this is most likely the "way of the future", whether I like it or not.

On its About Us page, Xinhuanet describes itself as:

an important central news service-oriented website, an important information organ of the central government, and an important platform for building up China's online international communication capacity.

So it is quite unlikely that Xinhuanet would call for such solutions if they were in conflict with the policies of the Chinese government.

[Limor Wolf]

I think your distinctions are right, Paul. The chinese are simply rolling the ball further, Any list of claims agains the US can be complemented with a list of claims against China. This scenario of the chinese taking over is a familiar one, Eventually -' All stays in the family' as is said.
It is more and more evident that something else is needed to get us out of this stupid games of finances, power, authority and control. Far far away from this two empires of darkness - east and west. Who's frontal rivalary is simply representing the same master and it's battle is about which dragon has a longer tail..

However that may or may not happen, one thing is for certain, it will have to involve another state of mind of society. Taking one step back and releasing ourselves from the games of these beasts, let them play along with one another, but do it far from our back yard. A third way needs to be found and it has to be creative.

[ThePythonicCow]

The Russian news website RT.com has echo'd the above Chinese article: Losing faith: Global financiers look to de-Americanize.

This RT article begins:

A US debt default could hit on Thursday, and world leaders are second guessing the dominant role America plays in finance. Regardless of the final decision in Washington, confidence and credibility in the US has already eroded.

In an editorial published by the Chinese state-owned press agency Xinhua, a columnist says the US economy has ‘failed’ and put many countries who hold state assets in dollars at risk.

“To that end, several corner stones should be laid to underpin a de-Americanized world,” the editorial read.

Last week China, the biggest US creditor, started to make preparations for a technical default on loans. The European Central Bank and the People’s Bank of China (PBC) have agreed to start supplying each other with their currencies, avoiding the dollar as an intermediary currency. The currency swap agreement will last for three years and provide a maximum of 350 billion yuan ($56 billion) to the ECB and 45 billion euro ($60.8 billion) to the PBC.

In a further sign of growing distrust, China introduced a so-called “haircut”, or a discount, on the value of US Treasuries held as collateral against futures trades.

Developing and developed nations are equally concerned, and institutions like the World Bank and the International Monetary Fund (IMF) have issued several warnings.

It seems that the buzz word for the week is: de-Americanize.

===

My new prediction: This US government budget and debt ceiling crisis will drag on past the so called deadline of Oct 17 (two days from now), for another week or three, enough to cause a nasty spike in US Treasury interest rates. This will push the current US Dollar denominated world monetary system one step closer to the edge of the cliff, setting off another chain of calamitous financial headlines for several months.

My best guess is that this will not be the final collapse that pushes the Dollar denominated monetary system into the dustbin of history; but rather this will be what tightens the screws on Americans who thought they were getting by OK despite difficulties. The next couple of years will be quite a bit more difficult for Americans, preparing us to accept a final US Dollar collapse from its role as the world's reserve currency sometime in 2015.

Americans haven't suffered enough pain yet, so aren't ready to accept the "solution."

[Roisin]

Do want to know why I'm afraid of the Chinese? IT'S THIS:

Source: https://youtube.com/watch?v=3jA78Kf1vbM

That Olympic opening ceremony and their jaw dropping if not terrifying precision that should remind us that the Chinese are not from the planet Earth.... they're from some other galaxy, far, far away and the fact that they even managed to get here in the first place is yet ANOTHER reminder to us that we should be afraid, very afraid.

I think Trump, is right. We should stop outsourcing to China and stop importing their cheap junk and throw-away technology. All one has to do is view some of their military video's on You Tube to KNOW, that they are planning to take over the world if not the entire solar system too and anyone with a brain should be able to see that there are enough of them to do that just by stamping us out with their Gestapo boots during their routine marching drills. Lord help us!

[ThePythonicCow]

Posted by Roisin (here)
Do want to know why I'm afraid of the Chinese?

None of the great powers of this earth are all that nice, Roisin.

As Limor laments, we must find a third way.

[ThePythonicCow]

ZeroHedge weighs in on this Chinese editorial calling for a de-Americanized world: China's Official Press Agency Calls For New Reserve Currency, And New World Order:

We assume it is a coincidence that on the day in which we demonstrate China's relentless appetite for gold, driven by what we and many others believe is the country's desire to have a call option on a gold-backed reserve currency when the time comes, just posted in China's official press agency, Xinhua, is an op-ed by writer Liu Chang in which he decries the "US fiscal failure which warrants a de-Americanized world" and flatly states that the world should consider a new reserve currency "that is to be created to replace the dominant U.S. dollar, so that the international community could permanently stay away from the spillover of the intensifying domestic political turmoil in the United States."

Of course, if China were serious, and if the world were to voluntarily engage in such a (r)evolutionary reserve currency transition, then all Magic Money Tree theories that the only thing better than near infinite debt is beyond infinite debt, would promptly be relegated to the historic dust heap of idiotic theories where they belong.

Some of China's (which as a reminder is the single largest offshore holder of US Treasury paper, and the second largest of all only second naturally to the Federal Reserve whose $85 billion in monthly monetizing "flow" is what is keeping rates from exploding higher) thoughts as captured in the Xinhua Op-ed:

• Reform of the world’s financial system should include the introduction of a new internatonal reserve currency to replace the U.S. dollar
• The international community could thus permanently stay away from the spillover of intensifying domestic political turmoil in the U.S.
• Fiscal impasse in the U.S. is a good time for “befuddled world” to start considering building a “de-Americanized world”
• Impasse has left many nations’ dollar assets in jeopardy and the international community agonized
• Other cornerstones should be laid to underpin a de-Americanized world, including respect for sovereignty, recognizing authority of UN in handling global hotspot issues and giving developing and emerging market economies more say in major international financial institutions
• Purpose of such changes is not to “completely toss the United States aside,” rather to encourage Washington to play a much more constructive role in addressing global affairs

Of course, if and when the day comes that the USD is no longer the reserve currency, kiss America's superpower, or any power, status, which is now based purely on the USD's reserve currency status, and the ability to fund half the US budget deficit with debt promptly monetized by the Fed, goodbye.

Finally, as a reminder...

[Roisin]

Posted by Paul (here)

Posted by Roisin (here)
Do want to know why I'm afraid of the Chinese?

None of the great powers of this earth are all that nice, Roisin.

As Limor laments, we must find a third way.

I do have to admit though that I do have a thing about Chinese warriors... they're so .... fierce.

--------------------------------
Looks like China's the next one up on that Y axis. Oh well, at least we won't have to hassle with what to wear everyday though I can't see that those drab "Chairman Mao" coordinates will be a big hit within the pre-teen and teen Age- Demographics.

[KiwiElf]

Agreed, Paul - I'd want China running the show even less than what we have now (whatever that is!)

[ThePythonicCow]

GeorgeAnn Hughes, hostess of TheByteShow.com and friend of Joseph P. Farrell, posted a Letter from Patrick (whoever Patrick is), that connects some more dots of the US Government shutdown and budget and debt ceiling crisis, ending with a reference to the same Chinese editorial we're discussing on this thread:

====================

...A Letter From Patrick...

In a world that is all about return and nothing about risk, it is time to get beyond all the political theater surrounding the debt ceiling, Obamacare, and the government shut down. There's a whole lot more going behind the scenes--systems are breaking. The day after the shut down, 15 CEOs from the largest Wall Street banks went to the Whitehouse for a meeting and you can bet JPMorgan ran it. Why didn't they go to Congress? Because there were events that took place which might explain the reason for the shut down in the first place and the reason it has not been resolved yet.

The Treasury bond bubble broke. The interest-rate swap machinery broke. Foreigners are dumping treasuries.

As the reserve currency, the dollars the Fed is creating to bailout the banks is hurting the large bond holders as inflation is being exported to their countries, resulting in higher prices, especially food. The large foreign bond holders, Russia, China, Japan Brazil and India, holding dollar reserves in treasuries, are rebelling, "We don't want your dollars because your dollars are creating our inflation which is destroying our economies."

There is one issue that few are discussing, namely the mountain of short-term $441 billion in treasury bills that are due for maturity or rolled over between now and November 15th.

Critical-thinking investors that follow these things have been watching the growing U.S. debt bubble with alarm. Interest rates are at the lowest they have ever been; that includes the Great Depression. With all bubbles, even if you are inside it, you know what happens when it bursts. We have reached the bursting point, and the results will be calamitous.

The new Fed chairwoman-to-be, Janet Yellen, has been described as Ben Bernanke on steroids. Instead of the Fed tapering its bond buying, expect it to double. Estimates range from the current $85 billion a month to as much as $250 billion a month or more! In other words, instead of suffocating from rising rates, we will all be drowning from rising costs. . . because it is slower. To quote Jim Grant, "the value of money has become an instrument of public policy, not an honest weight or measure."

Like the mythical economic recovery, they talk about a big flight to safety--there was none--it was the interest-rate swaps--the glue that holds it all together, and because of the extreme leverage, what kills interest-rate derivatives is movement, up or down, in quick sudden spurts. This isn't your financial analyst next door, it is JPMorgan, and Morgan Stanley which put on $8.5 trillion of these in the second half of 2010 alone.

With the recent move from 1.65 to 2.95, a 130 basis point in under four months, they broke the interest-rate swaps. With interest-rate swaps, you do not redeem or take them off, you just accelerate the losses, and they're getting wrecked by the selling of treasury bonds; they're imploding, trashing the big bank's balance sheets even further.

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

====================

Below is a chart of the $TNX Ten Year Treasury yield for the last ten years. One can plainly see the jump from 1.65% to 2.94% in the last few months. Those holding the wrong end of trillions of dollars of interest rate swaps (side bets on which way interest rates will go) are feeling some extreme pain right now.

There seems to be a financial/monetary/economic blizzard blowing into town. Some major Western financial institutions appear to be due for some serious blows. The next couple of years may become the "winter of our discontent" in the US and elsewhere tied to closely to the US economy.

Such pain, felt by the "man on the street", is what will be needed to "sell" the transition to the "New World Order", with Chinese/Russian/... characteristics, to (formerly) middle class Americans.

[ThePythonicCow]

Quite a few more sites have linked this Chinese editorial and commented on it, including the following:

International Business Times (UK):

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.

Investment Watch Blog:

China: ‘De-Americanized world needed’ This is it!!

“As US politicians of both political parties (fail to find 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 commentary on state news agency Xinhua said.

In a lengthy polemic against American hegemony since World War two, it added: “Such alarming days when the destinies of others are in the hands of a hypocritical nation have to be terminated.

Yahoo News:

Beijing (AFP) - While US politicians grapple with how to reopen their shuttered government and avoid a potentially disastrous default on their debt, the world should consider 'de-Americanising', a commentary on China's official news agency said Sunday.

"As US politicians of both political parties (fail to find 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 commentary on state news agency Xinhua said.

In a lengthy polemic against American hegemony since World War two, it added: "Such alarming days when the destinies of others are in the hands of a hypocritical nation have to be terminated.

"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."

[Rosieposie]

Hope everyone has their seat-belts on hand, this could be bumpy

[778 neighbour of some guy]

I don't know how to use chopsticks

[RMorgan]

Hey folks,

The New World Order will be implemented...Now, what specific model it will follow remains to be seen. It might either follow a bad authoritarian model or not; There are a lot of variables and interests involved.

I know one thing, though. The US is currently under unprecedented international pressure. If your politicians don't come to an agreement to change both your financial and foreign policy, the dollar will be destroyed from outside. This is absolutely certain.

The BRICS are already prepared to launch a strong gold backed international currency. When they do that, the dollar is done.

Of course, no one is interested in ruining the US as a nation, making your citizens miserable...Not that they really care about people, but it would be bad for the global economy as a whole. They want to start this process as gently as possible. It will all depend on your politicians. A lot of your politicians are already in China's payroll, but the most influential of them are still controlled by the banking cartel.

Raf.

[Joe Akulis]

Alas. No mentions of a Fossil-fuelless World Order to accompany this U.S.-less World Order. Perhaps you can't even start to talk about suppressed energy technology until the US is no longer able to snuff you out for bringing up the subject. But any replacement world order that doesn't inaugurate itself by prying open the doors to free and limitless energy supply is testament indeed that nothing will be new at all. Different face on the reserve currency; same tried and true intentional econimic paradigm of scarcity, where the peasants will get no relief in their struggle to thrive.

[Roisin]

Just like China to kick a dead er nearly dead horse when it's down. Are we surprised?

[Limor Wolf]

A quotation from china official news agency: ""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."

Yes, The nation's key interests will be respected, that's exactly it.
The people will not.

The main thing is, as opposed to other systems, most everything is laid upon and derives from the monetary system (Cleverly planned so), quite a few reasonable alternatives can be found in other areas of life and this historical movement is currently happening in housing, education, media, health, nutrition,a different type of leadership, all is in the remake due to the times we are in (no doubt that a lot of good is coming out of this, like a tough labor). But so far, no real tangible substitution to replace our dependencey on money and we probably are still not ready for it psychologically. Once again, a lot depends on us, us means the majority of people in the world, or at least the middle class, that status is the one who has the most chances and will have the most pressing reasons to make the move, to say goodbye to the system and distance itself from the controllers. It all goes back once again to consciousness.
Consciousness/ Awarness is not something tradable or that can change hands, but it is infectious, the power is in the numbers.

I am no expert, and only listening every once in a while to people like Max Keizer, Gerald celente, Karen Hudes and Adrian Salbuchi, but as far as I understand, there is still not one established alternative proposal to the trembling markets in a way that will not reconstruct what already exists. This trap is skilfully designed and carefully wrapped in psychological dependence like a sea anemone that swallows a fish and the only way the fish could escape is either consciously react in a different way then the usual struggle and capitulation or via a great storm at sea that will transmute the existing hirarchies. And for us what appears to be coming is basically all of this - being swallowed, a rapid development of consciousness, and a hugh prolonged storm.

And when the storm will subside and the silence return, a new earth will emerge, it's nature is unknown, but fate will be determined by the results of the process of this struggle, it's results will be engarved in the hearts of the survivors and by the level of recognition of what had happened and why. Again, it all comes back to recognition, to awarness and to the expension of consciousness.

[RMorgan]

Posted by Limor (here)

A quotation from china official new agency: ""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."

Yes, The nation's key interests will be respected, that's exactly it.
The people's will not.

The main thing is, as opposed to other systems, most everything is laid upon and derives from the monetary system (Cleverly planned so), quite a few reasonable alternatives can be found in other areas of life and this historical movement is currently happening in housing, education, media, health, nutrition, different type of leadership, all is in the remake due to the times we are in (no doubt that a lot of good is coming out of this, like a tough labor). But so far, no real tangible substitution to replace our dependencey on money and we probably are still not ready for it psychologically. Once again, a lot depends on us, us means the majority of people in the world, or at least the middle class, that status is the one who has the most chances and will have the most pressing reasons to make the move, to say goodbye to the system and distance itself from the controllers. It all goes back once again to consciousness.
Consciousness/ Awarness is not something tradable or that can change hands, but it is infectious, the power is in the numbers.

Hey Limor,

Well, so far, the whole world is in a pretty bad shape and, overall, people haven't done anything significant to change it...In fact, people have allowed it all to happen.

So, what makes you think that people will start moving now? There's too much at stake here...Hoping that someday, somehow, a sudden global grand awakening may happen is a dangerous gamble.

Probably, and I mean very probably, when the time comes, people (generally speaking) will welcome the new system with open arms.

The forces involved in this scenario are extremely intelligent and strategical. I can envision a couple of strategies they might follow, and I believe they haven't made their minds yet about which one will be applied, because there are still some final moves to be made before they can make a decision:

1- The US and its allies will raise the white flag and collaborate with them, so the transition will be relatively smooth. (Diplomacy)
2- The US and its allies will not collaborate, so they'll be forced to make everyone's lives so miserable, that people will beg for the new system to be implemented. (Force)

Anyway, the ultimate decision is already made. They will implement a new system. I don't know exactly how this system will be shaped, or exactly when it will be implemented, but they will. I believe it will happen relatively soon, since the US's global influence is weaker than ever.

Raf.

[778 neighbour of some guy]

Probably, and I mean very probably, when the time comes, people (generally speaking) will welcome the new system with open arms.

They would welcome it right NOW imo, same rats, new cage, but at least it will look shiny, for a while..............

I think there's not just a plan A or B, there's also a C and a D, they have been working on it for many decades now, we still have no clue of depth of the problems we are in, they had all the time in the world to plan, scheme from any angle imaginable, the first ones to use supercomputers, the first to upgrade them, bought up patents by the thousands and thousands, all the advantages are theirs, all we will be able to do is watch the show as it unfolds, we can bet our sweet asses this time the system will hold for at least a couple of hundred years instead of the 70 we got in this particular ride, planning, research and development combined with high powered computing and psychological profiling and massive financial support backing it will ensure we be running around in our pretty shiny new cage without noticing its a new cage for a looooooooong time, but that's just my opinion.

Maybe what will unroll in the near future is just an imaginary intermediary solution to get the glitches out and only then the real sh!t gets unloaded onto us.

For some reason that NWO speech of papa Bush sticks to me as glue, they will be successful, the financial crap we are witnessing has become so obvious, its supposed to collapse by design, as are many other things, problem, reaction, and a lot of pre calculated and deeply researched solutions are heading our way, when was Nixon in China 40/50 years ago? They have been in bed with the Russians and the Chinese since or before the cold war, business means money and businessmen always look for the largest profit and they are everywhere and have been for thousands of years.

[Roisin]

Here's my reponse to Limor's comment:


It will be those very few who are informed on what's going on now and who are awake in the moment whose consciousness has the potential to act like a signal to ignite another consciousness within their sphere of influence where one-by-one we will reach that proverbial tipping point to trigger off the 100th monkey effect. So as a result of this, even those who are asleep in the moment now will still be awakened and absorbed into that information stream in the noosphere that's ultimately going to have a transformational effect via, like you say, A HUGE PROLONGED STORM.

Do you feel it? That breeze that keeps getting a little bit stronger each time it passes by? This is only the beginning. The Winds of War are already upon us but it's not too late because we can still harness that energy and transform it into a weapon for peaceful change instead.

[Yoda]

Posted by Limor (here)
It all goes back once again to consciousness.
Consciousness/ Awarness is not something tradable or that can change hands, but it is infectious, the power is in the numbers.

And when the storm will subside and the silence return, a new earth will emerge, it's nature is unknown, but fate will be determined by the results of the process of this struggle, it's results will be engarved in the hearts of the survivors and by the level of recognition of what had happened and why. Again, it all comes back to recognition, to awarness and to the expension of consciousness.

In the 70"s Tom Bearden wrote a book called "Excalibur Briefing". It was concerning psychotronic warfare, but he coined an expression called "ZARG Awake". What the military industrial complex feared the most, was the human collective unconscious uniting into one. The "awakening" of the "GIANT". The "wannabees" keep kicking this "Giant", and when it awakens, it will remember the simple way that energy must flow, without all these controls, fear mongering. Yes, the "TPTW" are planning the perfect storm, but they really under-estimate the sleeping "GIANT"
Pierre
www.energy-oneness.com