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chinese collapse mortgages war predictions
You can't begin to understand the USA economic collapse without understanding foreign investment; specifically Chinese credit and mortgage standards versus the USA credit and mortgages standards. It is literally the tale of two cities. The very wealthy receive credit, mortgages and banking from the USA and then there is the rest of us left to predatorial banking practices. For me it is a most difficult subject to write on as I have Chinese friends and I appreciate the Chinese culture. But when I consider the economic toll on the USA I have to say default on debt and isolate.
We will not be able to begin to stabilize our economy until China gets out of our banks. That includes all the Chinese Mortgages/Yen. Chinese mortgages which specifically sell homes to people who could never afford them. It is completely predatorial and it is in our national security interests to stabilize the housing market as it will eventually and I mean way down the road will stabilize our economy.
Actually all foreign business needs to be nationalized and those jobs be given to the nationalists.
As an investor with US treasury, it is my very humble opinion we need to default and isolate and embrace our brethren. Only when everything is nationalized can we begin to stabilize this country. It is an unpopular subject. No one wants to default with China not because of military options but because we just like the Chinese so much and yet it is inevitable. It is what needs to be done and yet there is this game in Washington DC of stalling. One could argue DC is not doing The People's work because they are putting their own economic interests first. I bet it does pay well to be in DC but DC has promised to change from being greedy cronies..
Defaulting on Loans
Do you think the USA should default on all foreign debt for national interests?
Defaulting on China
Do you believe if we default on China we will eventually be in another world war?
Deafulting with Other Countries.
I believe Isolationism is our only play. It isn't what I signed up for. I like free trade and world trade. World Trade has just been abused so badly that it is irredeemable. There are just too many bad players and too much nationalism for it to work. And while the USA has friends around the world, I doubt those friendships are as strong as they use to be. Isolationism/Protectionism is the only play left for the USA. Arguably the USA is already nationalized. Liberty is dead and so is free trade. It is now up to the government to default.
The Chinese have the ability to allow the USA to save face but it would be at the expense of their people. It is always at the expense of the people in all nations. And in a communistic society it grows every increasingly difficult to continue to line your pockets and the pockets of your allies and still maintain a populists position. Ask Obama. I often laugh when I hear references to Maoism since Maoism was born out of USA defaulting on Chinese debt.
But aren't all promises made to be broken? The People of the USA know this for certain.
In past times USA defaults on foreign debt and maintains its relations with its staple countries.
Nationalism a New Beginning
Nationalism as a new being means an old ending for world trade. Perhaps historians will get it this time that in the next 100 years world trade is an economically unstable endeavor that ultimately leads to war because John Nash was wrong about governing dynamics. Anthropologically we are incapable of succeeding without competition. I would have thought the USA would have understood that at the onset.
So the question is when will the next war begin and the answer is sooner than you think. I don't make predictions. I am not a guru but it is close at hand. I would think it would be a good tenet that if you don't have the war won you don't fight it. But that is not how those things go down. It is not atleast from a historical perspective.
It will begin when the USA recognizes its only play is for war. A conclusion which is rapidly evolving in the USA as people are homeless, jobless and hungry.
And of course we will as we always have remained loyal allies with China.
And the rich in this country will have to pay really really high taxes and wealth will have to be redistributed as the wealthy don't fight in wars nor do they allow their children to fight and the impoverished don't win wars and we hate to lose.. So the wealthy will have to pay a very heavy price. I believe the wealthy have been so informed because they have off shore accounts and all kinds of schemes to avoid being taxed. How unpatriotic?
And the cast system in America will be gone. Nationalism will be born.
Nationalism is the New Beginning
Do you believe nationalism is the new beginning?
Tax the Wealthy
Do you believe the USA should tax the wealthy above $250,000 a year?
Inevitable World War
Do you believe a world war is inevitable as defaulting on debt?
I know you might think this is a far fetched article without references. I have them. Comment. The premise of this article is very simple. World Trade always results in World War and inextricably there can not be one without the other. But I respect everyone that disagrees with me and I am aware how unpopular this argument is.
I can only imagine China infusing the USA with all of its cash and forgiving USA debt. That is the next move on China's part. I wish the world could be a different place. I would refer you to some of my other Hubs but I am forbidden to reference them. But I have believed in Free Trade and open borders before all of this. I had thought the world would have learned from its own history and made preparations to hold these relations sacred and not be morally corrupt in business practices but I was wrong. I guess if you are in business, you can make money in both peace and war. And for the businessmen it is all about business. I just wish there could have been a world without war even though I submit we are anthropologically programmed to war for succession.
And it is not in my nature but I readily recognize I am not everyone.
And so Death begins.
Comments are appreciated.
Any and all comments are appreciated and respected. I know gthis is a controversial subject. I am prepared to hear the critics. All efforst apreciate by my audience.