Chinese President Hu Jintao is in Washington, DC for a state visit, and it is occurring at a time of escalating tensions between the USA and China. Any reasonable observer can see the USA and China are on a collision course economically, monetarily and militarily.
Although state visits usually feature bland, diplomatic language, China’s President had some unusually stern words for the USA as this visit is about to begin (see link below). President Jintao openly stated that the US dollar, the current global reserve currency, is “‘a product of the past’ and highlighted moves to turn the Yuan into a global currency (emphasis added).”
If he is this blatant in a public statement, one can only imagine how bluntly he will be speaking to Obama behind closed doors. President Jintao also stated that the USA and China would both “lose from confrontation.” Since China is increasingly in the driver’s seat in US-Chinese relations, I see this as a veiled call for the US to surrender to China instead of attempting to resist growing Chinese dominance via a “confrontation.” While couched in diplomatic language, this looks like a thinly-veiled ultimatum to the USA from China.
China’s President also “offered a veiled criticism of efforts by the US Federal Reserve…” This also indicates that China, holder of an immense hoard of US Treasury Bonds, is getting increasingly angry at the loose monetary policies of the Fed which could be described as a brazen debauchery of the US currency. My December 5th and 8th posts cited warnings to the USA from the Council of Foreign Relations (CFR) that if the US did not gets its fiscal house in order, the world community will take “ugly and punitive” actions against the USA to impose austerity measures on the US Government and US Fed. I suspect President Obama will receive a much-deserved lecture from China’s President on fiscal responsibility behind closed doors where the media and people will not hear their words. If the US Government and the Fed continue to refuse to get America’s fiscal house in order, they will hasten the day when the world imposes those “ugly and punitive” financial actions against the US Government, the Fed and the US dollar. Americans will suffer greatly when this happens.
Something really ironic is happening. Proverbs 22:7 states an inexorable financial law ordained by God: “the borrower is servant to the lender.” Although China is officially atheist, its fiscal policies to turn China into a creditor nation have resulted in China being obedient to God’s inexorable financial law in Proverbs 22:7 so China is being blessed with increasing strength because of it. On the other hand, the USA, a historically Christian nation, has a government and society which have abandoned God’s laws, including the Divinely-ordained fiscal law of Proverbs 22:7. Because the USA is in open rebellion against the law of Proverbs 22:7, the USA is steadily becoming weaker and less in control of its national destiny.
Deuteronomy 28 lists blessings and curses which will inevitably befall “covenant” nations which are descended from Abraham, Isaac and Jacob [see my homepage article, The USA in Bible Prophecy, for documentation that the USA is such a nation]. Verse 44 states that one of the curses that will befall nations which abandon God and his laws will be that other nations will lend to them, resulting in sinful “covenant” nations becoming servants to other nations (as Proverbs 22:7 demands). The USA has kicked God out its schools, its culture and its governmental policies. Therefore, it is reaping the curses that were promised in Deuteronomy 28.
The only hope the USA really has is for its government and its people to repent of their sins and start obeying the laws of God again. II Chronicles 7:14 records God’s invitation to nations to repent and return to him. God promises that if a nation will do that, he will “hear from heaven, and will forgive their sin, and will heal their land.” I urge readers (in any nation) reading my blog to take this call to repentance to heart and start praying this prayer to God. America’s national problems and sins are now so vast that they are beyond human or political remedy. We need Divine rescue and rehabilitation as a nation. God promises that he will do exactly that if enough people in a nation call out to him in humble repentance. Are you willing to join the ranks of those praying II Chronicles 7:14?