Sipsey Street Irregulars: The dragon belches a warning little smoke.

Tuesday, October 8, 2013

The dragon belches a warning little smoke.

Get your fiscal house in order: China warns US as Asia's expresses concern for $1.3tn of investments

And in related news from the trolls under the mountain: Roll Over Plan: Treasury Needed to Pay Off Record $7.5T in Maturing Debt in FY 2013, Issued $8.3T New Debt; Increased Net Debt $777B

LATER: The New York Times gives us this warning "We are reaching end times for Western affluence." -- "When Wealth Disappears."

The decades before the French Revolution saw an extraordinary increase in living standards (alongside a huge increase in government debt). But in the late 1780s, bad weather led to failed harvests and much higher food prices. Rising expectations could no longer be met. We all know what happened next.

2 comments:

Anonymous said...: If you saw the movie "2016" you know that the demise of US exceptionalism and leadership in the world is Obama's goal. That was his goal from the beginning - to bring down America. He wants to bring us down to the level of 3rd world countries. Well, he has gone a long way toward achieving his goals. And the republicans seem to be self-destructing by using the wrong strategy to fight obamacare. That is, if you believe the media.

- Old Greybeard; October 8, 2013 at 7:15 AM
Anonymous said...: I'm going to be an odd-man-out here and state: China should get it's own fiscal house in order, and their environmental house in order as well.

We in America have buildings that are empty, but China has entire cities that are empty...

http://www.zerohedge.com/news/2013-09-21/chinas-ghost-cities-are-multiplying

http://www.news.com.au/travel/travel-ideas/inside-china8217s-ghost-cities/story-e6frfqd9-1226716277487

You think our own housing bubble was bad? Wait until you see China's "city bubble" pop.

China also can only be described as having "19th century England" level of industrialization, with "21st century" level of technology.

http://www.livescience.com/27862-china-environmental-problems.html

In short: China is *&^%'ed for the foreseeable future on the environmental front. Western businessmen are demanding hazard's pay if they are transfered to a Chinese city the air is so bad. Some Chinese schools are spending upwards of $200,000+ to put domes over their playgrounds so their students can run around and keep them from puking out blood.

Another 25-50 years of Communist Chinese environmental policies will result in them not being able to grow their own food in some places.

I am both a gun-enthusiast, a 3%'er, and an environmental nut-job, at least in the case of China which, thanks to its environmental policies (or total lack thereof, along with bat-$H!t crazy policies) will almost certainly never attain super power status this century.; October 8, 2013 at 11:42 AM

"Progress made under the shadow of the policeman's club is false progress."

I believe that liberty is the only genuinely valuable thing that men have invented, at least in the field of government, in a thousand years. I believe that it is better to be free than to be not free, even when the former is dangerous and the latter safe. I believe that the finest qualities of man can flourish only in free air – that progress made under the shadow of the policeman's club is false progress, and of no permanent value. I believe that any man who takes the liberty of another into his keeping is bound to become a tyrant, and that any man who yields up his liberty, in however slight the measure, is bound to become a slave. -- H.L. Mencken

"The Fate of Unborn Millions. . ."

"The time is now near at hand which must probably determine, whether Americans are to be, Freemen, or Slaves; whether they are to have any property they can call their own; whether their Houses, and Farms, are to be pillaged and destroyed, and they consigned to a State of Wretchedness from which no human efforts will probably deliver them. The fate of unborn Millions will now depend, under God, on the Courage and Conduct of this army-Our cruel and unrelenting Enemy leaves us no choice but a brave resistance, or the most abject submission; that is all we can expect-We have therefore to resolve to conquer or die." -- George Washington to his troops before the Battle of Long Island.

"We will not go gently . . ."

This is no small thing, to restore a republic after it has fallen into corruption. I have studied history for years and I cannot recall it ever happening. It may be that our task is impossible. Yet, if we do not try then how will we know it can't be done? And if we do not try, it most certainly won't be done. The Founders' Republic, and the larger war for western civilization, will be lost.

But I tell you this: We will not go gently into that bloody collectivist good night. Indeed, we will make with our defiance such a sound as ALL history from that day forward will be forced to note, even if they despise us in the writing of it.

And when we are gone, the scattered, free survivors hiding in the ruins of our once-great republic will sing of our deeds in forbidden songs, tending the flickering flame of individual liberty until it bursts forth again, as it must, generations later. We will live forever, like the Spartans at Thermopylae, in sacred memory.

-- Mike Vanderboegh, The Lessons of Mumbai:Death Cults, the "Socialism of Imbeciles" and Refusing to Submit, 1 December 2008

"A common language of resistance . . ."

"Colonial rebellions throughout the modern world have been acts of shared political imagination. Unless unhappy people develop the capacity to trust other unhappy people, protest remains a local affair easily silenced by traditional authority. Usually, however, a moment arrives when large numbers of men and women realize for the first time that they enjoy the support of strangers, ordinary people much like themselves who happen to live in distant places and whom under normal circumstances they would never meet. It is an intoxicating discovery. A common language of resistance suddenly opens to those who are most vulnerable to painful retribution the possibility of creating a new community. As the conviction of solidarity grows, parochial issues and aspirations merge imperceptibly with a compelling national agenda which only a short time before may have been the dream of only a few. For many Americans colonists this moment occurred late in the spring of 1774." -- T.H. Breen, The Marketplace of Revolution: How Consumer Politics Shaped American Independence, Oxford University Press, 2004, p.1.

Sipsey Street Irregulars

Tuesday, October 8, 2013

The dragon belches a warning little smoke.

2 comments:

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