According to IMF data,
China’s economy just leapfrogged the US with an estimated 2014 output of $17.6
trillion to America’s $17.4 trillion, representing 16.5% of the global economy
vs. 16.3%.
The catch?
These GDP figures are based on purchasing power parity (PPP), an
economic measure that compares output in real terms, ignoring exchange rate
fluctuations. Traditionally, global GDP figures have been calculated in US
dollar terms to paint a more accurate picture of how much a country’s economy
is “worth” on the global market. When measured in these terms, not much has
changed. The US is still the world’s largest economy, with 22% of global GDP,
the Eurozone as a whole is second with 17%, and China comes in third at a
respectable (but still lagging) 11%.
Regardless of these numbers or the trends
that underlie them (no one denies that the emerging economies of Asia are
growing in importance on the global stage or that China is on pace to overtake
the US economy given current growth rates), perhaps the real story is the way
it was reported in the first place. Breathless headlines boldly proclaiming
that “The American Century [has] come
to an end”
This is, of course, the New Cold War
narrative, and although a lot of the attention has been shifted onto Russia
this year, China has for years been painted as the new Red menace for the 21st
century. At the surface level all the pieces seem to be in place: an unfamiliar
language and culture; a population that in sheer numbers dwarfs that of the US;
a totalitarian one-party government; a growing military capacity; cheap labor;
and a seemingly unstoppable drive to take America’s place as the world’s
economic superpower. And so the pieces of the “New Cold War” Illuminati narrative
have been carefully put into place over the past decade: China is taking over Africa;
China’s Navy and Air Force represent
a threat to American allies and interests in the
Pacific; China is hacking into American businesses, and even
the US government itself;
and China is creating an alternative economic and financial infrastructure to
unseat the US as the world’s undisputed economic superpower and world reserve
currency issuer. Meet the new “man same as the old man” as the rock n’ roll
song goes
Despite the tenor of that previous
paragraph, it should be noted that there is some degree of truth to each one of
these claims. In a sense, the “New Cold War” is a real phenomenon.
There is a broader story to be told here,
one in which this battle of the nation-states is itself just the product of a
manipulation that is taking place at a higher level. This manipulation is being
produced by a global oligarchy that includes members of both the traditional
establishment (Rockefellers, Rothschilds, Warburgs, etc.) and their supposed
Chinese “enemies” (Dengs, Wangs, Chens, etc.).
So what does this actually mean? After all,
as we’ve already said those tensions and rivalries in the “New Cold War”
narrative do have some truth to them and they are taking place. Does it matter
if the banksters and their cronies are all connected behind the scenes? Well of
course it does. Take some interesting developments from just the past few weeks
by way of example.
Earlier this month the 7th China-US
Internet Industry Forum took place in Washington. As CCTV reports, the
event brought together “over 150 government officials, industry leaders and
academics to discuss the reality and prospects of cooperation on cyber issues
between the two countries.” The keynote speakers? Catherine Novelli, US
Undersecretary of State for Economic Growth, and Lu Wei, Minister of the
Cyberspace Administration of China. While this all sounds very innocuous, it
should be noted that CCTV (unsurprisingly) fails to point out that Lu Wei is responsible for
some of the most draconian censorship in one of the most heavily controlled
countries on the planet. Since taking the position, he has begun a crackdown on
what was already one of the most severely censored internet populations in the
world, reining in the
country’s social media outlets and overseeing a system where those deemed to be
responsible for spreading “false rumors” about the government online can be jailed.
So did Novelli use this opportunity
speaking with her New Cold War counterpart to stand up for the good old
American values of free speech and freedom of expression that supposedly
underpin the West’s thriving “democracies?” Hardly. She instead urged deeper
US/China cooperation on their “common interests on cyber issues.” What “common
issues” could those be other than the urge by both governments to censor,
control and crack down on online dissent? Did she use her soapbox at the forum
to chide American companies like Yahoo, Google and Microsoft operating in China
for playing along with draconian Chinese Communist censorship rules? Fat
chance. The event was co-sponsored by Microsoft itself along with the “Internet Society of China,” a
“non-governmental” organization (NGO) which is “supported” by Chinese
government ministries in creating “self-disciplinary regulations”
for the Chinese internet in which companies like Microsoft “voluntarily” agree
to prevent the online spread of any information that Chinese authorities
disapprove of.
This phony US/China rivalry couldn’t be
more transparent if a high-ranking US politician got on national television and
demanded that the American government implement Chinese-style censorship
controls on the internet. Oh, wait, Joe Lieberman did exactly that in 2010. And
let’s not forget when Jay Rockefeller said it would have been better if the
internet had never existed.
But this is only one example of how the
supposed US/China rivalry isn’t such a rivalry after all. The biggest winner in the
current oil price nosedive (initiated by the Saudis at the behest of the US) is
not the US at all, but the Chinese. Fears of
a supply glut caused by OPEC over pumping are being dispelled by the gradual
realization that China, already the world’s largest oil importer, will simply
increase imports in an effort to boost reserves. Forecasts show that China may
boost its oil imports by as much as 700,000 barrels a day next year, accounting
for more than half of the projected glut. The current craziness on the oil
markets is like manna from heaven for the Red Dragon (remember the dragon is a
symbol for satan and red symbolizes blood) economy, which has openly talked
about expanding its reserves from current levels (the equivalent of 30 days’
imports) to 100 days’ worth of imports in the next 6 years. It’s almost like
the US is giving its “frenemy” a hand out to help make Kissinger’s prediction that
hydrocarbon wars will drive international conflict in coming years a
self-fulfilling prophecy.
There are any number of similar events in
the headlines that point to this deeper connection. Last week the US Air Force confirmed it is looking
into sending satellite data directly
to the Chinese government instead of routing that data through the State
Department as is current practice. Earlier this month it was revealed
that NASA Administrator Charles Bolden made an unannounced and unreported visit to
meet Xu Dazhe, director of the China National Space Administration, where the
two “agreed to strengthen communications and exchanges.”
And who can forget last month’s much-ballyhooed US/China climate deal. Although you might not have
heard that military agreements were
signed at the same time. Far from mortal enemies in a winner-takes-all death match
for the global economy, the US and China cooperate on key issues across the
board.
But the question is: what is the point of
this collaboration and what is it aiming at?
Is it merely a vehicle for the further
enrichment of the oligarchy? Is it just about money? Surely there is money to
be made at every stage of this rigged contest: military-industrial contractors
are directly and undeniably profiting from the increased tensions in the
Asia-Pacific; China continues to receive an enormous influx of investment and
capital from US firms setting up branches in their country as the US-based mega
corporations benefit from cheap Chinese slave labor goods; the Rockefeller-Kissinger-establishment
connected Citic
Group is now expanding apace after having effectively gone public earlier
this year. Business is good for the Maurice Strongs and Desmarais and
other elite insiders who began setting up shop in China decades ago.
But this isn’t primarily about money. After
all, the banksters at the top of the power pyramid have all the money they
could ever want at their virtual fingertips. They can just type it into
existence. At the end of
the day, this isn’t about money but power. The “great conflict” of the
21st century is going to be used for the same purposes as the great conflicts
of the 20th century: to steer the world ever further into a global governmental
system that consolidates and expands the power of these oligarchical interests,
whether they be “American” or “Chinese” or “assorted other” The global jet and
Illuminati set doesn’t care what country’s emblem is stamped on their passports.
A window into this fact is provided by a
revealing Bloomberg report released yesterday: “Yuan Has Real Shot at IMF
Blessing on Reserve Status.” The report details how the IMF will be
reviewing the make-up of its Special Drawing Rights (SDR) basket of currencies
next year and how the
Chinese yuan is at the top of the list to be included in that basket.
SDRs are a type of “currency” issued by the IMF and held as foreign exchange
reserve assets by central banks. The SDR (ISO currency code: XDR) is actually a
claim that can be redeemed in one of four currencies which represent the
world’s major reserve currencies: the US dollar, the Japanese yen, the Euro and
the British pound.
Every
five years, the SDR “basket” is reviewed to see if it needs to be adjusted,
either in valuation or composition. The Chinese
central bank began lobbying for the yuan to be included in the SDR basket in
the wake of the Lehman collapse, but the 2010 basket review concluded the
currency was unsuitable for inclusion because, although it was a rising
currency in international trade at the time, it was not seen to be “freely
usable.” In the past five
years the world has seen the rise of a yuan that is now the second most used currency in
international trade settlement, undergirds a growing Dim Sum bond market that is currently
valued at over $120 billion, and is freely traded in Hong Kong, Singapore, Frankfurt, London and
elsewhere.
Now the IMF confirms that the yuan is going
to be a priority for assessment when the SDR basket review takes place next
October. In an email to Bloomberg, they write: “there have been a number of
developments regarding the RMB’s international use, and the upcoming review
would take stock of these developments.”
If the yuan is added to the SDR basket next
year then we will be one step closer to the dethroning of the US dollar as the
world reserve currency. What is significant about this emerging development is
not so much that the US is descending in power and China rising as the global
economy shifts, but the way in which that shift is taking place. If these
trends continue, for the first time in history we will not be living in an era
dominated by a clear-cut imperial power controlling a world reserve currency
(Pax Americana in the 20th century or the British Empire before them or the
French before them or the Dutch before them or the Spanish before them…) but a multipolar world where
unaccountable global institutions like the IMF will be the key determinants of
our economic life. This is a clear step toward the New World Order
vision of the oligarchs who are puppeteering the governments of China, the US,
and most other countries in our modern era. And it is not a step that is taking
place randomly or by accident.
As the US/China “rivalry” heats up in the
coming years, each nation-state in this contest has a part to play. The US is
the aging, bloated empire, increasingly paranoid about defending its former
glories and using up its political, military and economic capital at an ever
faster pace in order to do so. The Chinese, meanwhile, can preach about the
virtues of the “de-Americanized world”
and be the good guy in the Good Cop, Bad Cop scenario with their ‘alternative’
(globalist) development banks and (globalist) ratings agencies and (globalist)
financial bodies. Regardless of who “wins” this conflict, globalist
institutions and financial structures will continue to grow in power and
importance, exactly as planned.
It’s a nearly perfect trap. There is only
one thing that can stop it and that is for Yeshua Hamaschiach/Jesus Christ to
return and establish his kingdom here on Earth. Don’t tie your shoes too tight
because before that happens we meet Yeshua in the air.
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