Chimerica

The world wide financial collapse that was caused by cheap, government backed credit being given to irresponsible spenders, is being fought with the hair of the dog: cheap, even free, government backed credit. And now Hillary is out trying to find foreign credit for the new government debt that will stack up to unbelievable levels. Will the Chinese continue to emulate the US Government, and provide cheap credit to the irresponsible US government spendthrifts?

The entanglement between the failed US government cheap money and the Chinese willingness to support it has produced the huge economic entity that Harvard’s Niall Ferguson calls Chimerica, an economic chimera between the two world powers.

Ferguson claims that the situation will worsen to the point of governmental collapses, civil wars, and that “blood will be shed”.

“There will be blood, in the sense that a crisis of this magnitude is bound to increase political as well as economic [conflict]. It is bound to destabilize some countries. It will cause civil wars to break out, that have been dormant. It will topple governments that were moderate and bring in governments that are extreme. These things are pretty predictable. The question is whether the general destabilization, the return of, if you like, political risk, ultimately leads to something really big in the realm of geopolitics."

The international unrest has already begun, as the EU starts to destabilize and eastern Europeans demonstrate in the streets. But Ferguson also thinks that a world war is unlikely because the USA is already the dominant military power in the world.

Here in the USA the Obama Socialist Steamroller is in full steam. The redistribution of wealth to the weaklinks in society is causing massive anger amongst the 92% of the population which has been, and still is, financially responsible. All of which is mostly ignored by the Obamedia who keep their cameras focused on the daily dread-conferences produced at the Obama teleprompter by the One.

With half of the US population now without voice in the governing of their country, having been disenfranchised by the “vote for a black” campaign, Obama has seized the power of Gerrymander – the national census – in order to guarantee that Democrat districting is dominant for at least another decade. This major internal coup went unnoticed in the national Obamedia along with most of his executive orders, court challenges and so forth.

The similarities of our situation to 1930s Germany is uncanny and chilling. The difference is that Obama wants to win the world government through economic stress, not military. The terror is spread by Obama himself, and his goons are financial goons with their hands in our pockets. A crisis is always the best time to take over a country; it is even better if you can draw one out and work it to your ends.

So spending will be shut down for some time to come; China will in essence own the USA through the unconscionable debt load on taxpayers; socialization will start to look good to the newly impoverished American citizens; and in many places, blood will run.

And with Clinton de-emphasizing human rights in China in favor of more cheap loans, there is little reason to think that human rights will have a priority at home in the USA, when push comes to shove. For the Left, human rights means the right to do things their way: Positive Rights. These include the right to gain possession of other people's wealth and goods, but not the right of free speech for Limbaugh or guns for citizens, or even representation in governmental affairs. If there is any question left as to the relativist totalitarian nature of Obama and his friends, what could that question possibly be?