XPost: talk.politics.misc, alt.russian.z1, alt.politics.economics   
   From: os333@netc.eu   
      
    nakedcapitalism.com   
      
   .. Collapse of America's Economic Empire ..   
      
   ..The American debt .. cannot be paid. There is no way that the   
   United States can or would or is willing to somehow pay the amount   
   of money that other countries hold as loans to the United States ..   
   There is no way that America is willing to pay these debts, either   
   by exporting because it's deindustrialized and it's not running an   
   export service anymore, or by selling off its industry to foreign   
   buyers.   
      
   The United States until this year has said that if foreign   
   countries could not pay their finances .., they had to do so by   
   privatizing their public utilities, selling off their infrastructure   
   to foreigners, selling off their mineral rights, selling off their   
   land to foreign investors. The United States is not willing to do   
   what it's insisted that other countries do .. So other countries   
   realize this double standard, that they're really not getting   
   savings that can be converted into ownership of U.S. industry or   
   agriculture or infrastructure or anything else ..   
      
   And so .. you're having a move to seek an alternative to the U.S.   
   dollars .. The United States .. is saying, well, yes, a debt is a   
   debt on the balance sheet .. We owe foreign countries more money   
   than there's any way we can see can be repaid. But that's it. It's   
   a debt that will never be repaid ..   
      
   There's no trust anymore in the system .. And we see not just the   
   opponents such as China being worried because they know they're   
   never going to get all their money back but also countries like   
   India are concerned .. Surely the rest of the world is looking for   
   alternatives ..   
      
   That's why the United States' foreign policy, now, .. is based on   
   preventing any alternative .. This is why the United States has   
   designated China, and any country that looks powerful enough to   
   create an alternative is viewed as an enemy .. Someday the United   
   States cannot get a free lunch anymore. And the first step in   
   preventing a free lunch is for other countries to recognize that   
   there is a free lunch and that they're essentially giving up money ..   
      
   The U.S. plan is .. that America can create an internet monopoly,   
   a computer monopoly, an artificial intelligence monopoly, a   
   chipmaking monopoly, and somehow use its monopoly earnings to   
   reverse the balance of payments deficit and reestablish world power.   
   That's a pipe dream .. Well, all of a sudden, it doesn't work   
   anymore .. We're doing everything we can to disrupt the ability to   
   other countries to be an attractive alternative to the dollar ..   
      
   ...   
      
   The above is about how the US has become the Sick Man of the World.   
      
   The world's task is to manage the agony of the beast.   
      
      
      
   >    
   >   
   > Rising U.S. Debt: What Will Be The End Game?   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)