
COGwriter
Regular readers of the COGwriter page are aware that I have long taught that the USA (and UK) debt situations will result in an absolute crash of the economy and that the Anglo-descended nations are doomed for destruction without repentance.
The news media is finally starting to realize this as the latest trip to China by USA President Barack Obama has confirmed some fears that many in media apparently have been having:
Time to Quit Using China as Our ATM
Updated November 18, 2009 FOXNews.com
China and our other major creditors increasingly have the power to literally destroy our economy without destroying their own.
By Elizabeth Factor and Mallory Factor
This week in China, President Obama is practicing a new form of American diplomacy –assurance. With China now America’s largest debt holder, the president is reassuring China that their investment in the U.S. economy is secure. In analyzing the president’s visit, the American media seems to have suddenly realized that America has lost the upper hand in its relationship with China. But this has been coming for a long time.
President Obama is reassuring China that America is credit-worthy so that China will not dump our debt onto the world markets. But he is also trying to ensure that China will continue to purchase our debt in the future to pay for his elaborate government initiatives like the health care bill, cap-and-trade, and other spending programs. China holds over $1.7 trillion dollars of our currency and debt, which is well over 10% of our gross domestic product–how high can our indebtedness to China go? Hard as it may be to stop going back to our foreign lenders for more support, we are just piling more dirt on a mountain that is about to come down and bury us. America would suffer if it stopped borrowing from abroad, but paying the price later will be much more devastating.
From the U.S. perspective, China’s investment in our debt and economy may seem to be just what our credit-starved American businesses and financial industry need. But while creditors may not always exert influence over the debtor nation’s foreign policy, they have the power to do so if their holdings of currency or debt of the other nation are sufficiently large. The fact is that by borrowing so extensively from China and other nations, we have already significantly compromised our ability to promote democracy, the rule of law, human and civil rights reforms, and environmental policy–in China and around the world.
And China and our other major creditors increasingly have the power to literally destroy our economy without destroying their own. They can do this simply by refusing to buy our treasuries, agencies and currency, or worse, by dumping what they already own on the world market, which can be likened to a”nuclear option.” Without enough demand for our debt, the United States would have to either offer huge interest rates to entice the remaining market into purchasing our debt or print more money leading to a crashing dollar and massive inflation. Although each of our creditors would suffer from the decline in value of our debt and currency, they would suffer less than we would.
The “nuclear option” allows a creditor nation to present its debtor nations with terms under which lending will continue. For example, China could press the United States to buy Chinese goods over the goods of other nations or could require us to open up our markets on terms unfavorable to the United States. China could use its economic influence over the United States to curb our support for Taiwan or other allies.
Anyone who does not believe that China has a far reaching geopolitical agenda should look at their former leader Deng Xiaoping’s “24 character” strategy. Deng developed this policy in the 1990s to bring China back to the prominence and power on the global stage which it had enjoyed for over 3,000 years prior to domination by Europe in the 19th century. His policy consists only of 24 Chinese characters, and continues to be quoted–and followed–by the current Chinese leadership. It is as follows: “observe calmly; secure our position; cope with affairs calmly; hide our capacities and bide our time; be good at maintaining a low profile; and never claim leadership.”
China’s influence over its debtors’ foreign policy is growing. In 2008, the UK, another profligate Chinese debtor, stopped advocating for a free Tibet and formally recognized the legitimacy of Beijing’s direct rule over Tibet. And we are responding to their pressure also. The political reality is very simple — it is hard to press for “change” in China when we need to be concerned about maintaining Chinese investment in our economy.
The solution to this critical problem is simple and yet extremely difficult to achieve: The United States needs to stop increasing its deficits. We need to bring them down, reduce our foreign borrowing and therefore, improve our global economic standing.
And, if we are not able to change the trajectory we have begun, then what? At some point–not too far in the future, America will have a meltdown. The world will stop lending us capital and investing in our economy, and the value of our debt will crash. http://www.foxnews.com/opinion/2009/11/18/elizabeth-factor-mallory-factor-china-debt-obama/
USA and UK policies are right now being affected by their debts to China and other nations.
Most do not realize that over 2600 years ago, the Hebrew Prophet Habakkuk warned that in the end time, the major debtor would be destroyed after its creditors realized that it had too many pledges (debt):
3 For the vision is yet for an appointed time; But at the end it will speak, and it will not lie. Though it tarries, wait for it; Because it will surely come, It will not tarry…
6 “Will not all these take up a proverb against him, And a taunting riddle against him, and say, ‘Woe to him who increases
What is not his–how long? And to him who loads himself with many pledges’? 7 Will not your creditors rise up suddenly? Will they not awaken who oppress you? And you will become their booty. 8 Because you have plundered many nations, All the remnant of the people shall plunder you (Habakkuk 2:3,6-8).
While the USA President continues to pledge that the USA will pay back its increasing debts (without national repentance), this does not seem to be consistent with what the Bible teaches (Deuteronomy 28:43-45). Short of national repentance, the USA, UK, and their Anglo-allies are to be taken over.
Yes, it is that serious.
The Chinese will lose much of their investment if they do not take certain steps to get away from the USA dollar. And if they lose much of their investment, they will want something (land and labor comes to mind) to help make it up. There are even Chinese prophecies that hint that China may end up with land that the Chinese do not now possess.
The times are changing for the nations of the world. This does not bode well for the US, UK, nor their Anglo-descended allies.
Some items of related interest may include:
2012 and the Rise of the Secret Sect This is a link related to a book by Bob Thiel (COGwriter). This also has YouTube videos related to 2012. The book is for those truly interested in understanding how prophecies inter-relate and who want to see a real sequence of end time events. It goes into details concerning prophecies that involve Barack Obama and the United States, as well as certain Chinese predictions that line up with biblical prophecies. As well as others that involve the UK, Canada, Australia, New Zealand, Europe, Russia, and Asia.
Prophecies of Barack Obama? Eight reasons why Barack Obama is apocalyptic and eight reasons why Barack Obama is not the Antichrist. This article includes many biblical and non-biblical prophecies, from around the world, that seem to discuss Barack Obama. Did Nostradamus predict Barack Obama dealing with the Antichrist? Might Barack Obama set the stage for the kings of the North and South as at least one Shiite prophecy suggests?
Barack Obama, Prophecy, and the Destruction of the United States Some claim that Barack Obama is the prophesied “son of Kenya”, based up an early 20th century writing.
Prophecies of Barack Obama in the eXaminer Since it became obvious that Barack Obama may become the President of the United States, many have claimed certain predictions and prophecies apply to him. Here are some.
China, Its Biblical Past and Future, Part 1: Genesis and Chinese Characters This article provides information showing that the Chinese peoples must have known about various accounts in the Book of Genesis up until their dispersion after the Tower of Babel.
China, Its Biblical Past and Future, Part 2: The Sabbath and Some of God’s Witness in China When did Christianity first come to China? And is there early evidence that they observed the seventh day sabbath?
Asia in Prophecy What is Ahead for Asia? Who are the “Kings of the East”? What will happen to nearly all the Chinese, Russians, Indians, and others of Asia? China in prophecy, where? Who has the 200,000,000 man army related to Armageddon?
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, British, Scottish, Welsh, Australians, Anglo-Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo nations? Why might God allow them to be punished first?