Then let's go to war with Iran by borrowing more money from its ally, China!
Cally, thought you might appreciate the following information.
China & foreign countries no longer really buying/holding our federal debt. (
http://www.reuters.com/article/2011/12/29/us-usa-fed-foreigners-idUSTRE7BS16120111229). The Federal Reserve has been monetizing because the foreign nations are not investing in the Dollar. Dr. Paul was on the cutting edge on this, but today I heard Newt on C-Span talking about it and sounding a lot like Dr. Paul. Most of the candidates are moving closer & closer to Dr. Paul's positions.
The only issue that is being demonized is Dr. Paul's foreign policy regarding Iran. Its not that they do not understand the position, they do. They are using the issue like a political football for political gain.
The current candidates are not stupid and are well informed on geo-politics. They know that Russia is the Iranian nuclear program. They know that China is the majority consumer of Iranian oil. They know Russia & China are linked economically as well. They know that Iran is basically a vassal state to the Chino-Russian superpower alliance. They know Russia & China will not give or allow Iran to get "the bomb" because it will destabilize their current growing economic power structure & energy needs.
China is working behind the scenes to establish its currency at the reserve currency by taking direct action against the US dollar current status.
Back in October China announced a new bank that would trade in the Yuan with an invitation towards South Korea & more importantly Japan.
http://www.reuters.com/article/2011/10/27/us-china-asean-financial-idUSTRE79Q2F520111027On December 25 China & Japan announced direct trading with the Yen & the Yuan no longer trading with the US Dollar. Remember Japan is the 2cnd largest consumer of Iranian oil, now they can just buy Iranian oil from China instead of Iran.
http://www.bloomberg.com/news/2011-12-25/china-japan-to-promote-direct-trading-of-currencies-to-cut-company-costs.htmlDecember 25 Japan also announced it would be investing in Chinese Government Bonds as well.
http://www.reuters.com/article/2011/12/25/us-japan-china-bonds-idUSTRE7BO06G20111225December 28 Japan loans India 15 Billion to shore up Rupee against Western/European currency crisis pulling the 3rd largest Asian economy into dependency on the Japan/China alliance and way from the US.
http://www.bloomberg.com/news/2011-12-28/japan-india-seal-15-billion-currency-swap-arrangement-to-shore-up-rupee.htmlThese are major steps in China's growing global alliance, especially the moves that are consolidating partnerships with historical US allies such as Japan, South Korea, & India.
It was just two years ago in December that Russia & China agreed on direct trade of currency as well.
http://www.nytimes.com/2010/12/15/business/global/15iht-ruble15.htmlThese are huge stories with major & lasting impacts you are not hearing discussed on corporate Talking Head TV.
Basically it is undeclared economic war on the west. An economic war that is being waged when the west is at its weakest. While folks where worried about the puppet state of Iran, China smiles. If they west follows through with sanctions on Iran, oil prices will dramatically spike. Seriously stalling the already fragile economies of the West. If the West attacks Iran, they can expect immediate economic repercussions with Iran's trading partner's, aka China & her new coalition, even further destabilizing, if not destroying the West's fragile economies.
By the way, did you know on December 7 Chinese President Hu Jintao told the Chinese military to "prepare for war"?
http://www.bbc.co.uk/news/world-asia-china-16063607Yesterday, China just warned us about our newly announced military strategy
http://www.nytimes.com/2012/01/07/world/asia/chinese-news-agency-xinhua-warns-us-against-militarism.html?_r=1&ref=chinaLike Paul Harvey used to say " now you have the rest of the story".
