Topic: Here come da Chi-Coms

[oldcoastie6468]

Debt Ceiling: China Calls for World to Be 'De-Americanised'
Chinese government mouthpiece says 'Pax Americana' has failed on all fronts
By JIJO JACOB : Subscribe to Jijo's RSS feed | October 13, 2013 9:17 AM BST
 
China's official news agency has called for the creation of a "de-Americanised world", saying the destinies of people should not be left in the hands of a hypocritical nation with a dysfunctional government.

Heaping criticism and caustic ridicule on Washington, the Xinhua news agency called the US a civilian slayer, prisoner torturer and meddler in others' affairs, and said the 'Pax Americana' was a failure on all fronts.

The official news agency of China, which is seen as the pretender to the world's superpower crown, then rubbed in more salt, calling American economic pre-eminence just a seeming dominance.

"As US politicians of both political parties are still shuffling back and forth between the White House and the Capitol Hill without striking a viable deal to bring normality to the body politic they brag about, it is perhaps a good time for the befuddled world to start considering building a de-Americanised world," the editorial said.

It asks why the self-declared protector of the world is sowing mayhem in the financial markets by failing to resolve political differences over key economic policy.

"... the cyclical stagnation in Washington for a viable bipartisan solution over a federal budget and an approval for raising debt ceiling has again left many nations' tremendous dollar assets in jeopardy and the international community highly agonised," the agency said.

It is not the first time Chinese leadership and newspapers have criticised Washington over a policy paralysis that threatens to devalue its dollar assets.

According to US Treasury Department data, China is the biggest foreign owner of US Treasuries at $1.28 trillion as of July. Besides, China also holds close to $3.5 trillion of dollar-denominated assets.

[Libertas]

De-Americanized world...fall of Pax Americana...

This is what victory sounds like to a progressive Regime!!!

[ToddF]

Can't forget the linky

Well, yes.  That's been the stuttering fail's aim all along.  The more a banana republic wannabe like America acts like a banana republic, the more nations run to China's outstretched arms. 

And why not?  As America pressures "lesser" countries not to get too white, aspiring to high living standards and the increased amount of power those standards require, China continues to lead the way up.

A world with an intentionally weakened America will not be as nice of world that would have otherwise been.  But if you're someone in the bottom tier in Asia, just starting to click on all cylinders, whether a free nation like the Philippines or a not free nation like Vietnam, who would YOU look to, to keep your economy clicking?  Chitcago?  Or China?