Yellen Dispatched to Beg China for Face-Saving Slowdown

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[–]penelopepnortneyBecome ungovernable[S] 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (1 child)

Excerpt:

The U.S.’ growing urgency in ‘containing’ China’s development was thrown in sharp relief this week as Janet Yellen arrived in Beijing for what turned out to be an execrable beggar’s tour. Just days prior to her arrival, she had buzzed the punditry with her historically memorable exclamation that China was now operating at “overcapacity”(!!).

What is overcapacity, you ask? It’s a new word for me, too—so let’s consult the dictionary together:

overcapacity

noun

o·​ver·​ca·​pac·​i·​ty: ō′vər-kə-ˈpa-sə-tē

1: When an insolent upstart nation’s surging economic activity totally humiliates the reigning hegemon’s own faltering economy, causing the many expensive dentures and porcelain veneers of the ruling class gerontocracy to rattle and grate with moral outrage and jealousy.

1b: An undesirable situation causing Janet Yellen and Nancy Pelosi’s stock portfolio to droop like a pair of botox-sapped jowls.

Granted…my dictionary might be slightly different to yours, I have a rare edition. That said, are we on the same page? Good.

But if you were skeptical about the meaning behind Yellen’s risible “overcapacity” solecism, her speech from inside of China confirms precisely what’s on the regime’s mind:

“China is now simply too large for the rest of the world to absorb this enormous capacity. Actions taken by the PRC today can shift world prices….”

“When the global market is flooded with cheap Chinese goods, the viability of American firms is put into question.”

The fact of the matter is, China is simply leaping ahead of the decrepit, deteriorating U.S. by every measure and the panicked elites have sent Yellen to beg China to “slow down” and not embarrass them on the world stage.

[–]penelopepnortneyBecome ungovernable[S] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

More excerpts:

...quite literally almost half of the entire current U.S. debt was blown on endless, mindless, genocidal wars in the Middle East.

What makes this historic malappropriation of American funds most tragic is that none of it came at the benefit of American people.

...beyond just the simple kinetic nature of the profligately wasteful wars, America wastes an exorbitant amount of money just on maintenance and upkeep of its global hegemony.

In short: as an empire dies, [it] loses its industrial and manufacturing capacity, finance takes over, pumping up huge bubbles of phony speculative money that gives the brief appearance of economic prosperity—for a time. This is what’s currently happening in the U.S., as it drowns in its self-created agony of debt, misery, corruption, and global destabilization.

China is creating a revolution, striking out a new path of finance which steers away from the wild excesses of the West into a bold new direction. Finance to benefit the real economy, the common man, the people. This is what the fig leaf of Rothschild-pushed ‘stakeholder capitalism’ is meant to be, or better yet: pretends to be.

This is an iconoclastic, paradigm-breaking revolution which ends six centuries of Old Nobility world finance dominion...All those 600 years are going up in smoke with China’s repudiation of the ‘old standards’, which privilege predatory, deceptive, extractive terms and practices meant to benefit only the Old Nobility elite class. China’s system is true stakeholder finance: the government will forcibly bend the bankers to its will, making sure that finance serves the common good and the people first, rather than speculation, financialization, capitalization, and all the other wicked inventions of the Western Old Nobility class.

You see, the U.S. is threatened because it knows it can never compete with China fairly, by squelching or containing its own gluttonous financial elite—so that leaves only one avenue for keeping up: sabotage and war.

This is the real reason the U.S. is desperate to stoke a Chinese invasion of Taiwan by various provocations, including weapons shipments.