It’s Wednesday. So it’s time for more bad news. If you’ve been paying attention, you will have already noticed that the United States is headed toward a cliff of imminent destruction at astonishing speeds. Our financial situation is dire, our political situation is dismal, our international situation is tenuous, and our cultural situation is pathetic. It’s sad. I didn’t think my generation would live to see this, but it looks like America is past the point of no return in its drive toward complete collapse.
The most recent sign of doom in the financial sector is the alarming news that China drastically cut its US Treasuries buying in December. Japan also liquidated a significant amount of Treasury Bonds. In fact, the only reason that US Treasuries weren’t in the red for December was thanks to one curious savior: Belgium (aka, the EU).
This is a very bad sign. The EU is itself troubled by massive debt, and they won’t be able to keep buying ours. The sad fact is that China could destroy our fiat economy, and they know it. They send us a message every so often to that effect. Like Proverbs 22:7 says, “. . . the borrower is slave to the lender.” Well, China won’t let us forget it. And we won’t let the EU forget it. It’s almost certain that the US Treasury had to call in a favor to stay in the black, but our favors are running thin.
There are other countries rising that could and do offer better opportunities for investment than we can anymore. New capital and new wealth are the only things that keep our fractional reserve system (read: Ponzi scheme) barely afloat. When that new capital starts going elsewhere, we lose. Big time.
And we’re seeing it happen. Without an invading army. Without a famine or drought or natural disaster. We are being conquered. But we can’t blame anyone but ourselves. As Will Durant said, “A great civilization is not conquered from without until it has destroyed itself within.”