China and the USA’s Collapsing Culture of Money

Posted: June 16th, 2009 by: h2

Two quick ones:

1: USA Fire Sale, 2nd Meeting, June 2009: Political capital call – Eric Janszen. A somewhat satirical view of what a meeting between China and Geitner might look like today. This is part 2, here is Part 1. This post is worth reading because it’s basically true, and even if China isn’t going to say these very words to the US, they should. Now. Before the US is allowed to further destroy their future in a vain attempt to prop up a corrupt and rotten financial ‘industry’ (though the use of the term ‘industry’ requires quotes, since it produces nothing of value, and simply filters money towards its primary benefactors).

The result, probably? The American Empire Is Bankrupt. Covered further in De-Dollarization: Dismantling America’s Financial-Military Empire: The Yekaterinburg Turning Point.

“This means the end of the dollar,” Hudson told me. “It means China, Russia, India, Pakistan, Iran are forming an official financial and military area to get America out of Eurasia. The balance-of-payments deficit is mainly military in nature. Half of America’s discretionary spending is military. The deficit ends up in the hands of foreign banks, central banks. They don’t have any choice but to recycle the money to buy U.S. government debt. The Asian countries have been financing their own military encirclement. They have been forced to accept dollars that have no chance of being repaid. They are paying for America’s military aggression against them. They want to get rid of this.”

2. The Message of Overconsumption. If you’re fond of your denialism about the status quo (ie, economy, environment, resources), these graphs are nice reminders that in fact, you cannot enter into exponential growth and expect to have long term success. For those of you who don’t follow such things, exponential growth is the essence of our modern ‘capital’ based economies (see Hubbert’s discussion of the ‘culture of money’ as well, which is a critical point to understand). More on this topic at

Capital as found in our interest based systems is a method of finance that lends money, debt, which then requires growth to pay it back. Failure to generate this growth means the system fails. I know, of course, that denialists are all sheep who don’t use actual facts or data to come to their conclusions, so no amount of real data will ever change their minds, but for the rest of us, there might be some hope. And the sheep will just follow along eventually anyway, once you explain to them what the new reality and truth is…

Stop buying from corporations, start localizing, there is nothing they can do about this if more and more people refuse to gut their local communities, and start buying local, that money stays local, in your community. It’s a simple idea. Manufactored needs are not real needs, step out of the con-game.

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