Beijing (AFP), 10-13-13:
While United States politicians grapple with how to re-open their shattered government the world should consider de-Americanizing, according to a commentary on China’s official news agency.
In a lengthy polemic against the United States and its dominant role in world finances since the end of WWII, it added “Such alarming days when the destinies of others are in the hands of an hypocritical nation”, has to be terminated. According to the news release Beijing has issued warnings as well as appeals during the course of the past few days as the deadline for the American gridlock over an extension of the Federal Budget approaches. If the extension does not take place, the U.S. could not pay its debts, and the consequences would be quite severe according to Wall Street analysts. China holds a major chunk of American debt and as a result they have a lot at stake.
China is saying that emerging economies should have a greater say in major international financial institutions such as the World Bank and the International Monetary Fund, and has proposed a new international reserve currency that would be created to replace the dominant U.S. dollar. A governance reform proposal has been in the works for three years but its implementation has been blocked by the effective Veto of The United States, the AFP said today.
Is it not interesting that China, one of the most repressive nations on earth has the gall to call the U.S. hypocritical, when they get into a jam. However, the rest of the world dares not criticize China for any of the questionable financial decisions which have serious implications on world trade, as well as the repression of their own people. The reader should realize that if I were to submit this article as a citizen of China, this would probably be the last blog I ever wrote. I can assure you of that!
However, it is all to obvious that this is just another in a stream of PR stunts being pushed by the Chinese government to better place themselves on the International scene, and hopefully gain themselves a stronger voice in the Halls of International Affairs.
That’s my point of view…..I look forward to your insights on this and all the issues of the day. meanwhile, have a good evening, and as usual…………God Bless America!