At the same time that Obama is fear-mongering the American public about our collapsing economy and so justifying his massive spending bills that are plunging us incredibly deeper into debt with foreign nations, he’s telling the Chinese that “There is no safer investment in the world than in the United States.”

This is in response to Chinese Premier Wen Jiabao, who said: “I’d like to — implore the United States… to honour its words, stay a credible nation and ensure the safety of Chinese assets.”

China has not yet agreed to purchase the vast $billions$ of additional bonds that Obama needs to sell if he’s to get all that stimulus money without having to print it.

If he has to print it, our inflation rate will go way up and the value of the Dollar will go down. This drop in the dollar is what worries the Chinese. So they have a big problem: To buy or not to buy.

So they threaten our ships in the South China Sea to send two messages: Maintain the value of the dollar; stay out of the South China Sea if you want us to buy more bonds.

Our response is: Back off. You have to buy our bonds to protect the value of your current $1 Triillion in holdings, and by the way, leave our ships alone.

How long will China sit quietly in this trap of being forced to loan back all that profit they’re making from the massive imbalance of trade, before they retaliate in some unexpected manner that’s much worse than just harassing our ships? Dangerous game.

How long can we keep giving all our manufacturing away to China with our unemployment rate now over 10%? Another dangerous game. If we start taking back our manufacturing, Chinas income drops BUT the dollar strengthens and inflation is lessened. Either way, China certainly should be worried, they’re over a barrel.

Pakistan is still unstable, as much because of the militants within the country as because of our involvement. Taliban militants recovered 24 bodies and were searching for more on Friday, hours after suspected U.S. drones destroyed a camp in Pakistan’s northwestern region, militants and officials said.

Four missiles believed to have been fired by at least two pilotless U.S. drone aircraft on Thursday evening hit a militant hideout and training camp in the Kurram tribal region on the Afghan border.

These missile strikes by us are extremely unpopular with the Pakistani people, just as we’d be plenty angry if the Canadians or Mexicans were doing that here to get rid of some militant faction on our soil. This unhappiness with the U.S. is helping destabilize the Pakistan government, which is pro-U.S..

Those being targeted are the Taliban, who are themselves working to destabilize the Pakistan government. If we sit back and do nothing, the Taliban will take over Pakistan, because the current government has proven itself ineffectual in dealing with them and which can’t be allowed as Pakistan has nukes. Moreover, the Taliban will take over Afghanistan again. This latter is only important because we’ve needed Afghanistan as a base to push the Taliban back from to keep them from taking over Pakistan. Keep your eye on the nuclear ball here, Pakistan is all that matters, Afghanistan is an armpit.

So now we’re over our own barrel. We can’t back off from invading Pakistan any longer. Not siince they gave the Swat Valley to the Taliban. There’s not going to be a miracle that gets rid of all the corruption that, like Mexico, pervades everything and prevents the Pakistan army from wiping out the Taliban just as the Mexican army will never win out over the drug lords. Our nation is already headed towards bankruptcy and we can’t keep fighting endless wars all over the planet that drain us of all our resources. This isn’t just a dangerous game, it’s ultimately a losing one.

Yet we’re preparing to engage in war with these same Mexican drug lords along our own border with Mexico, and we’re starting to send in troops. We have, in this country, at least 30 million illegal aliens and more likely there’s 40 million, and most of them are Mexicans and many of them are hostiles connected to the drug trade. They will attack us from within. If we send troops to our borders, and we in fact are, a war will erupt along those borders that our troops will be unprepared for. If we don’t send troops, the foreign invasion, killings and rapes and destruction will escalate. Either way, this is going to get worse and it was allowed to happen by not enforcing our borders for the sake of cheap labor.
Cheap labor is a dangerous game.

Blackstone Group CEO Stephen Schwarzman said that “Between 40 and 45 percent of the world’s wealth has been destroyed in little less than a year and a half,” Schwarzman told an audience at the Japan Society. “This is absolutely unprecedented in our lifetime” and it’s all because of greed.

Probably so, but the real story is what this global financial collapse is doing to the poorest nations on Earth. During the rise in the global economy, everyones income increased, the poor ate better and lived better and had more children. Now they’re making less and eating less and global starvation is a certainty that no one wants to talk about. Starvation brings a friend along, called Disease, and with the ease which people move around the planet now, Disease will move with them. It won’t be just the poor who get sick. It will be all of us.

Greed may prove to be the most dangerous game of them all.

This entry was posted on Friday, March 13th, 2009 at 9:55 pm and is filed under Commentary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.