Wall St. elites reason it's time for a 'de-Americanized world,' China

[Ray]

Wall St. elites reason it's time for a 'de-Americanized world,' China's news agency says

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.

"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.

Wall St. elites reason it's time for a 'de-Americanized world,' China's news agency says | Fox News

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It is so amusing to see the Chinese deluding themselvesand thinking that people beyond the US will fall in line with their fairy tale nonsense.

This only indicates how the fear the US and hate the US for standing in their way to world domination!

 

[W.G.Ewald]

Re: Wall St. elites reason it's time for a 'de-Americanized world,' Ch

Everybody wants Uncle Sam to be humiliated

 

[SATISH]

Re: Wall St. elites reason it's time for a 'de-Americanized world,' Ch

Well the day CHina realizes it is a second hand economy thats the day when all these will stop.

 

[nirranj]

Re: Wall St. elites reason it's time for a 'de-Americanized world,' Ch

we should not underestimate the Chinese dream of becoming a super power. They have learned valuable lessons from the collapse of the USSR and the restlessness in many nations whenever Uncle Sam come knocking their door. They are progressing systematically. They are restless. They have created a Industrial empire at west's expense. They are on path to have the second most potent Armed force. Now they are engineering a slowdown of their economy and thereby ending the export oriented development and kick starting a comsumption based Economy. They are well poised to invest in the other developing economies and import goods. This will kickstart another round of deterioration of the western economies. Consider a middle class population larger than that of western nations combined, having the same apetite of those western nations. China is growing, and will surely overtake the west in the near future. And considering its population is large and the Percapita GDP is less than that of the west, their growth is not going to stop in the near future...

India will need to tread the Non Aligned path.

 

[Free Karma]

Re: Wall St. elites reason it's time for a 'de-Americanized world,' Ch

Well they mad cause America is doing what the chinese want to ultimately do lol.

But atleast as far as the internet is concerned, it would be cool to deamericanize, Brazil have some plans about this, but not sure what (atleast their response was better, vs the Indian response). India's plans is to use typewriters instead of the internet for important documents!

I wonder who depends on who...does America depend on China or does China depend on America? If it's the U.S depends on china or it's mutual dependance...then we would really need to hold our own.

 

[dhananjay1]

Re: Wall St. elites reason it's time for a 'de-Americanized world,' Ch

Almost all the labour based production has moved out of US, there remains only a small elite that works on innovation.

 

[Compersion]

Re: Wall St. elites reason it's time for a 'de-Americanized world,' Ch

In manufacturing getting the highest quality standards involves using less human resources and labour and more machines and automation. Has the United States moved up the quality chain. All manufacturing in United States is done at very high automaton level. The thought was that for labour intensive manufacturing (that is becoming less) you use PRC, Etc.

One question is is it cheaper to have a factory with machine and automation in usa compared to PRC and India.

The countries that are americanised (connected) have the monopoly and economics of scale on factories with machine and automation over the non-americanised countries. Only a thought.

 

[no smoking]

Re: Wall St. elites reason it's time for a 'de-Americanized world,' Ch

Everybody wants Uncle Sam to be humiliated

Putting its own govt to stop by budget disputing in parliament is no one else fault but americans.
No, my friend, no one can humiliate Uncle Sam if they don't shit themselves in the first place.

 

[amoy]

Calm down, China doesn't really want to 'de-Americanize

A placebo from the Washington Post, isn't it soothing ?

Calm down, Washington: China doesn't really want to 'de-Americanize'
I

t's no secret that the entire world thinks the United States is crazy for its self-imposed political and economic crisis of shutdown and potentially default. China especially has a lot to lose if our economy craters, and is taking the opportunity to both criticize American democracy – a popular pastime in Beijing – and to urge us to please not default.

China's message hit Washington especially hard on Monday morning, when an editorial in the state-run media outlet Xinhua called for a new international reserve currency to replace the U.S. dollar and declared that the international community should "start considering building a de-Americanized world." According to Business Insider, it's got lots of people in Washington talking, probably because it hits on the dual American anxieties that we are letting down the rest of the world and that China is finally making its move to replace us as the global leader.

We can calm down on the threat to "de-Americanize," though. China has shown little to no indication that it seriously wants to displace the United States as the global leader anytime soon or even that it believes it could do this, perhaps outside of a few hard-liners in the government. The fact that China is so rightly panicked about the possibility of a U.S. default just goes to show that Beijing knows it is, and will long continue to be, reliant on a U.S.-dominated global order.

The mistake we often make here in Washington is seeing China's rise and assuming that the country's next goal will be to displace the United States as the global leader. This wrongly assumes that Beijing thinks like Washington, that it has a similar view of how the world works and a similar set of goals. It also wildly overstates China's actual power – something that officials in Beijing will be the first to acknowledge. If anything, China is overly insecure. Maybe that's because Beijing is first and foremost worried about internal political instability, which it sees as tied directly to maintaining strong economic growth, which could all fall apart if the United States defaults. Keep in mind that China almost saw everything collapse during an economic crisis just 24 years ago that ended with troops gunning down protesters in Beijing.

China cares much more about its internal issues than about its international standing. We in Washington might see the Xinhua editorial and think, "Oh no, China thinks that this is its big opportunity to kick us out of our position as the global leader." And maybe it's possible someone at Xinhua thinks that. But there is every indication that China's actual leaders want us to stay at the top of the global order. That's why China is betting huge amounts of the money on the future of the American economy. The Chinese economy is growing so quickly in part because China can sell lots of stuff to Americans and because the U.S. military ensures that global trade routes remain open. If the world "de-Americanizes," then both of those go away and China's economic growth would collapse, which Beijing is terrified would lead to political instability and possibly even the end of the Communist Party's rule. They need us, and they know it.

As for Xinhua's demand to stop relying on U.S. dollars, The Post's Willian Wan explains from Beijing why this is not likely:
But the reality, many here acknowledge, is that the United States and China are inexorably intertwined.

For all the talk of de-Americanization, moving away from the U.S. dollar anytime soon is unlikely, Chinese experts say. And while Chinese economists say diversification of the country's holdings is a good idea regardless of the current crisis, it could only happen incrementally or risk volatility.

Yes, China often bridles under American global dominance; that's accurately reflected in the rhetoric of the Xinhua editorial. But the rhetoric is only that.

 

[drkrn]

Re: Wall St. elites reason it's time for a 'de-Americanized world,' Ch

Everybody wants Uncle Sam to be humiliated

because he is no.1
who wants to become no.2??

 

[amoy]

Re: Wall St. elites reason it's time for a 'de-Americanized world,' Ch

Beijing's Race to Diversify out of US Treasuries:
New Agreements would Allow Singapore to become "Leading Offshore Trading Centre" for the Chinese Yuan

China is accelerating the role of the Chinese Yuan with agreements with Singapore that would allow "direct trading between each other's currency" according to Singapore's central bank.

The Agence-France Presse (AFP) reported that China and Singapore will cooperate on a number of agreements that would boost economic ties for both countries.

China is concerned with its US treasury holdings worth up to $1.2 trillion after Washington's spectacle earlier this month over its fiscal policies that pushed the world's economy into a crises.

"The move, along with other agreements on financial cooperation, is expected to bolster Singapore's status as a leading offshore trading centre for the Chinese Yuan, officially called the renminbi (RMB)"the report said. "China and Singapore will introduce direct currency trading between the Chinese yuan and Singapore dollar," the Monetary Authority of Singapore (MAS) said in a statement, adding that details will be announced separately."

China is in a good position because it allows Singapore to invest in Chinese stocks and bonds with Yuan's boosting its capital markets.

The report said that "China will also grant Singapore-based investors a 50-billion-yuan ($8.2 billion) investment quota under its Renminbi Qualified Foreign Institutional Investor programme, MAS said. This would allow investors based in the city-state to use the Yuan to invest in Chinese stocks and bonds."

China is racing against time in case lawmakers in Washington do not come up with an agreement to raise the "Debt Ceiling" to borrow more money or solve their economic problems. China is diversifying out of US Dollars at a rapid pace since the 2007-2008 financial crises that resulted in the bankruptcy of major financial institutions, bailouts and government takeovers such as Lehman Brothers, Fannie Mae, Freddie Mac, Citigroup and American Insurance Group (AIG).

China is also frustrated with the US government's backing of its neighbors internal affairs with Beijing regarding the South China Sea. Reuters reported on October 10th, 2013 the following:

The US is also aggressively backing the Philippine government's maritime dispute with China when U.S. Secretary of State John Kerry angered China's leadership "All claimants have a responsibility to clarify and align their claims with international law. They can engage in arbitration and other means of peaceful negotiation," Kerry told leaders at the East Asia Summit in Brunei, including Chinese Premier Li Keqiang. "Freedom of navigation and overflight is a linchpin of security in the Pacific," he added.

It is important to note that Hillary Clinton, who is rumored to run as a Democratic candidate in the 2016 US Presidential elections, told an ASEAN summit in 2010 that the US had a "national interest" in the "freedom of navigation. "

Clinton also angered China that only proves that the US is directly intervening in a regional dispute. Since the Obama administration got into office they have repeatedly used the ASEAN forums for multilateral discussions between China and its South East Asian counterparts supporting the opposition and ignoring Beijing's call to settle the disputes bilaterally.

The US has supported the Philippines (considered a US puppet state) and Vietnam to counter China's claims aggressively resulting in numerous maritime incidents in the South China Sea and has divided all countries within ASEAN. China is threatened economically and militarily by the US government (See graph below).

China is making moves to loosen the US government's strangle hold over its economy and its regional disputes with its neighbors. China's economic growth will benefit Singapore in the long run as "Chinese institutional investors will also be allowed to use the Yuan to invest in Singapore's capital markets."

The AFP also stated that "Relevant agencies in Singapore and China are also in discussions to facilitate China-incorporated companies, which have received regulatory approval to list directly in Singapore."

And that "The new initiatives will further promote the international use of the Renminbi through Singapore," the MAS said.

Times are changing for the world's economy. China and other countries are in preparation for a possible US default in the future. When can the US Dollar collapse? It is hard to tell since the US economy is intertwined with the global economy.

But one thing is for sure China and other countries across the planet are diversifying out of the US Dollar and it is accelerating.

That is a fact. Singapore is not taking any chances either. "Its managing director Ravi Menon added: "Financial ties between the two countries have deepened considerably and Singapore is well placed to promote greater use of the RMB in international trade and investment in the years to come."

The AFP report said "China's rise as the world's second biggest economy has seen the Yuan take on a bigger role in international financial markets." 2014 will be an interesting year for world financial markets.

What will happen when Washington is once again on the center stage in January? Will they continue to increase the "Debt Ceiling" so that they can borrow until the end of time? Or will they play "Political Brinkmanship again?

Will the Federal Reserve Bank "Taper" its monetary policy by Mid-2014 if the US economy improves as Chairman Ben Bernanke promised or will the new Chairwoman Janet Yellen, a member of the Council on Foreign Relations (CFR) and a protégé of Alan Greenspan continue to print US "Fiat" currencies with low interest rates?

Many questions on the US economy remain elusive. China has many reasons to worry about its financial future and its sovereignty and that is a declining empire called the United States government.





Timothy Alexander Guzman is an independent researcher and writer with a focus on political, economic, media and historical spheres. He has been published in Global Research, The Progressive Mind, European Union Examiner, News Beacon Ireland, WhatReallyHappened.com, EIN News and a number of other alternative news sites. He is a graduate of Hunter College in New York City.
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