In a headline that comes as no surprise to constitutionalists, the venerable New York Times reports that: “Republicans and Obama Can Agree on Criticizing China’s Trade Practices.”
As China’s economic muscle expands, that of the United States contracts. The promissory notes that represent the American debt that is propelling our Republic into the Gomorrah of empire are held by the Asian superpower. The scope of the economic servitude is jaw-dropping. Witness this data published by prisonplanet.com:
Everyone is painfully aware of the fact that China now owns the United States economically, with the Chinese central bank being the largest debt holder at approaching $1 trillion dollars. The average American family with two children collectively owes around $12,000 dollars to China. The Communist state’s ownership of long term U.S. Treasury Securities means the United States pays upwards of $100 million dollars a day to China in terms of interest alone.
Undaunted by the debt owed to China, President Obama recently returned from his junket to Asian nations where he apparently did everything in (and beyond) his power to convince his hosts from being drawn into the centripetal maelstrom that is Chinese trade and economic policy. While traveling in the region, the president worked to sell the United States as an alternative to Chinese suzerainty.
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