There is change in the air. You can feel it.

When I first heard of China buying our debt I thought-This isn’t supposed to be happening. This is America. What have they got that we don’t?

Cash. China has lots of cash to spend because they print it like US. That is why they are in a manufacturing bubble. Their bubble like ours will certainly burst. But when and how will they react?

The debt buying is an indicator of a power shift. A drop for the US more than a rise in China.

http://bionicmosquito.blogspot.com/2014/03/ukraine-and-shifting-orbits.html

I agree with the opinion that the economic and political power of the West, the US in particular, is shrinking. The failed drug war, the holes in the Middle East which we are digging deeper, finding terrorists under every rock, lately African rocks and other feeble attempts to grab power. Too many failures. Too much scrambling. The US is looking desperate. We are a mess. Read the rest of this entry »