Monday, July 23, 2012

Phase Five Of The Currency Wars? - 3

In this series we have been monitoring the "talk about China", in terms of its economic impact on the western economies.

Our McTell News even when combined with our educational system does not inform us in any meaningful way of the magnitude of what is happening in the world.

Some of the economic reality-realignments are as significant as global warming, yet there is no talk of either of these issues in real terms, even in the presidential debates of the ongoing election cycle.

It is as if we think we control the world because we have military bases and/or operations ongoing in about 200 nations now.

We are wrong to assume that the west is invincible:
"The scale and pace of Asia’s transformation is unprecedented and the implications for Australia are profound. The Australian Government has commissioned a White Paper on Australia in the Asian Century to consider the likely economic and strategic changes in the region and what more can be done to position Australia for the Asian Century."
(Australian Government Website, emphasis added). We did not call it "The Asian Century", as the Australian government does, but that is certainly a good way to put it.

What we did note is that various people we quoted were saying virtually the same thing albeit with different words:
Dredd Blog has been pointing out China's serious consideration of the problem and how their foreign policy has been forming like storm clouds on the horizon:
At least we should consider the words of some watch-dog types who have an ear to the economic ground and who say they hear thunder approaching:
China has ordered managers of its vast currency reserves to withdraw from risky dollar assets and retreat to core debt guaranteed by the US government, a clear sign that Beijing is battening down the hatches for fresh trouble on global markets.
(China Orders Retreat, bold added).
(Phase Five Of The Currency Wars?). Economic heavyweights in China continue to talk about dumping the dollar ...
(Phase Five Of The Currency Wars? - 2). The Dredd Blog message in this series has been that eastern dynamics are more significant than our press and educational systems seem to be aware of.

Not to mention our foreign policy that has been focused on the control of oil through military invasions and occupations.

The "Asian Century" is another way of saying "The Century of The East", perhaps indicating that the past century was "The Century of The West".

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