Chuck Colson has written a piece which should be mandatory reading for clueless Americans who do not realize the “sea change” that is now occurring in world geopolitics. Mr. Colson’s piece discusses the extent to which China is now gaining control over the decision-making process inside the U.S. government.
His piece (see link below) argues, very cogently in my view, that the final “say” over the healthcare plans being considered by Congress will be made not by President Obama or Congress, but by the leaders in China. As the link below notes, “…China is the official banker of the United States government.” The link cites a New York Times article that China has taken a keen interest in the U.S. healthcare debate, because of the outlandishly high costs of all the bailouts and spending plans currently being considered. China reportedly “wanted to know, in painstaking detail, how the health care plan would affect the [U.S.] deficit.” One cannot blame China for its keen interest in the matter. The value of the loans that China has made to the USA are steadily being eroded by the mindless financial profligacy that is now being practiced by the White House, the U.S. Congress, Wall Street, and other U.S. agencies and elites.
The article in the Times noted that “like any banker, [China] wanted evidence that the United States had a plan to pay them back.” I think it is becoming increasingly apparent to Chinese leaders that the U.S. government and Wall Street have no plans to ever pay China back its loans in anything other than inflated (and increasingly debased) dollars created from the monetary black hole in the basement of the Federal Reserve Board.
A tremendous financial confrontation may be looming. The Colson piece cites a report that China has “converted all of their debt from 30-year maturity to one year.” This implies that China is getting ready to “pull the plug” on not only its loans to the USA, but also on the U.S. dollar itself. Colson put it this way: “…the dollar could drop through the floor. America could have a huge financial crisis.” Colson is right. He also makes the extremely insightful observation that China’s policy is showing that “you don’t need huge armies or navies to conquer America. All you need to do is loan the U.S. government all the money it wants…and then call in the debt.” If this crisis occurs before the 2010 elections, the wrath against the incumbent politicians and Wall Street barons who have spent the USA into oblivion could be unprecedented.
Proverbs 22:7 warns that “the borrower is servant to the lender.” U.S. political and financial leaders have laughed at and disregarded this immutable financial law stated in Proverbs 22:7. In doing so, they have mocked God and his immutable principles. Proverbs 16:18 adds that “pride goes before destruction, and a haughty spirit before a fall.” The pride and haughtiness of the U.S. governmental and financial leaders (the twin pillars of Babylon the Great—see Revelation 18:3) have become prideful and arrogant almost beyond description. They believe they can break any and all of the laws of God and man and “get away with it” indefinitely. God’s Word says a “fall” is the eventual and inevitable result of such pride.
Colson’s piece concludes by opining that the final decision on whether a health care bill passes Congress will be made in Beijing, by the chief banker of the USA (which must look more and more like a deadbeat borrower to the Chinese bankers). President Obama may have gotten a hard dose of reality when he met privately with Chinese leaders. If the profligate U.S. Congress and White House approve another costly spending bill which further depresses the U.S. dollar and the value of China’s dollar investments, China may decide to “pull the plug” on the U.S. government and teach it a “real world” lesson it will never forget. China was reported to be angry when Obama reappointed Ben Bernanke as head of the Federal Reserve Board. “Helicopter Ben” is known as an advocate of almost heedless recklessness when it comes to money creation. China wanted someone with sound money policies as head of the Fed, and Obama told them “no.” If Obama keeps saying “no” to the directions of the Chinese bankers, he will eventually get a very rude surprise when China takes vengeance via future actions in world markets.
If China has the final say on the form and cost of the health care plan, it will confirm that the U.S. government is losing control of its own domestic decision-making process. As the reckless spending continues, foreign creditors will assert ever-greater control over policy and spending decisions by the U.S. Government in order to reign in the reckless spending. If the USA simply “stiffs” its foreign creditors instead of returning to sound money principles, other nations may refuse to extend any further credit and not ship any more commodities and goods to the USA unless it pays for things in either gold and silver (which China has urged its citizens to buy) or in a new currency which the world’s creditors will impose upon the USA. If this happens, the decisions to relocate the U.S. industrial base to China will be seen as one of the worst decisions in the history of mankind. Imagine how empty store shelves will be if everything now stamped “made in China” is gone and not replaced. China could also confiscate all U.S. factories, bank deposits, assets, etc. in China to repay itself for the lost value of China’s investments in U.S. dollar-denominated investments.
When a nation eventually loses all control over its own internal decision-making process because of the control of foreign creditors, the result is national slavery. Reckless spending decisions by President Obama and the U.S. Congress are heading our nation toward an eventual future such slavery for the USA. There is no way to sugar-coat this. Unless the U.S. voters wake up in the 2010 elections and vote responsible new people into the halls of the U.S. Senate and House of Representatives, the future of the USA is looking rather grim. Of course, the U.S. voters are too busy watching “American Idol” and similar fluff on TV to pay attention to the real world. They will wake up suddenly when their credit cards no longer can purchase anything at supermarkets and stores because the world’s creditors have pulled the plug on the U.S. Government and the U.S. dollar. If this happens, all hell really will break loose in the USA.