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Posts tagged ‘Michael T. Snyder’

Chinese Buying Land In US Communities All Over America


Our apathy regarding our freedoms will be our demise. Take a look at the following example.

Jerry Broussard

Three Star Line

http://freedomoutpost.com/2014/04/chinese-buying-land-us-communities-america/#KcgBSfsiVsu64mvH.99

Reported by Michael Snyder 12 hours ago

Has the United States ever experienced a time when a foreign nation has attempted to buy up so much of our land all at once? As you will read about in this article, the Chinese are on a real estate buying spree all over America. In fact, in some cases large chunks of land are actually being given to them. Yes, you read that correctly. China is on the way to becoming the dominant land owner in the entire country, and that is starting to alarm a lot of people. Do we really want a foreign superpower to physically own so much of our territory?

There are some that are playing down this threat by making a distinction between the Chinese government and Chinese corporations, but things work differently over in China than they do here. In China, the government is involved in everything. In fact, 43 percent of all corporate profits in China are produced by companies that the Chinese government controls. And all of the rest of the companies are very careful to follow the lead and direction of the Chinese government.

That is why what is going on in places such as Thomasville, Alabama is so alarming. Small communities such as Thomasville are so starved for jobs that they are willing to give land away for free to Chinese companies in order to entice them to build factories…

Gov. Robert Bentley said Friday that he will announce an economic development project in Thomasville, Ala., Monday morning.

That project is likely a copper tube plant to be built by Golden Dragon Precise Copper Tube Group. A legal notice published Thursday indicates that the city of Thomasville and others intend to give land and other incentives to GD Copper USA, which state corporation records identify as a Florida-based subsidiary of Golden Dragon.

And in this particular case, we are not just talking about a small plot of land. We are talking about a 40 acre chunk of land worth 1.5 million dollars…

The legal notice indicated the city plans to give Golden Dragon a 40-acre site. Thomasville Mayor Sheldon Day has said that land is in a city industrial park south of Thomasville High School. It includes a $1.5 million, 50,000-square-foot building that the city constructed in 2009 to attract businesses.

But in most cases, the Chinese actually have to spend money to acquire our real estate. And they are starting to make some really high profile acquisitions in some of our most expensive cities…

China Vanke and Tishman Speyer signed a deal for a $620 million luxury condo project in San Francisco this winter. In April, another deal for a cool $1.5 billion was inked in Oakland between Zarsion and Signature Development Group.

In June, several big deals in New York City went down. Zhang Xin, CEO of Soho China , joined forces with the wealthy Safra family (of Banco Safra fame) of Brazil to buy a stake in the General Motors Building in Midtown, The New York Times reported on June 25. Dalian Wanda Group, another Chinese developer, is planning to build a greenfield luxury hotel in Manhattan.

In other cases, the Chinese are gaining control over vast tracts of U.S. territory by buying up our large corporations.

For example, when the Chinese purchased Smithfield Foods, they suddenly owned 460 large farms and became the top employer in dozens of communities all over the United States…

Smithfield Foods is the largest pork producer and processor in the world. It has facilities in 26 U.S. states and it employs tens of thousands of Americans. It directly owns 460 farms and has contracts with approximately 2,100 others. But now a Chinese company has bought it for $4.7 billion, and that means that the Chinese will now be the most important employer in dozens of rural communities all over America.
And the Chinese seem to have a particular interest in economically-depressed areas of the country. Perhaps they feel that now is the time to gobble up companies and properties in such areas for bargain-basement prices. For instance, the following is from a CNBC article that detailed how the Chinese are aggressively “putting down roots in Detroit”…

Dozens of companies from China are putting down roots in Detroit, part of the country’s steady push into the American auto industry.

Chinese-owned companies are investing in American businesses and new vehicle technology, selling everything from seat belts to shock absorbers in retail stores, and hiring experienced engineers and designers in an effort to soak up the talent and expertise of domestic automakers and their suppliers.

Speaking of Michigan, one company known as “Sino-Michigan Properties LLC” actually had plans to buy up 200 acres of land near the town of Milan, Michigan. The goal was to build an entire “China City” with artificial lakes, a Chinese cultural center and hundreds of housing units for Chinese citizens.

But that is nothing compared to the “China City” that was being planned for New York state. The following is a short excerpt from one of my previous articles…

The Chinese have made trillions of dollars flooding our shores with super cheap products, and now they are using some of that money to buy land and property all over America. For example, there is now a proposal to construct a multibillion dollar “China City” that would span approximately 600 acres in a remote area of New York state. This “China City” (that is actually what it would be called) would be located on Yankee Lake in Sullivan County, New York. The plans anticipate large numbers of Chinese businesses, plenty of homes for Chinese immigrants, a Chinese high school, a college, a casino and even a theme park. And the first 600 acres is only for “phase one” of the plan. Ultimately, the goal is for “China City” to cover more than 2,000 acres. Those promoting this plan say that it will be a great way for New Yorkers to learn to appreciate Chinese culture.

But of much greater concern is the huge wave of real estate purchases that are quietly happening all around us every single day.

The following is from a recent CNBC article entitled “Chinese buying up California housing“…

At a brand new housing development in Irvine, Calif., some of America’s largest home builders are back at work after a crippling housing crash. Lennar, Pulte, K Hovnanian, Ryland to name a few. It’s a rebirth for U.S. construction, but the customers are largely Chinese.

“They see the market here still has room for appreciation,” said Irvine-area real estate agent Kinney Yong, of RE/MAX Premier Realty. “What’s driving them over here is that they have this cash, and they want to park it somewhere or invest somewhere.”
So what happens when we get to the point when the Chinese government and/or Chinese citizens own 10 percent of all the real estate in the entire country?

Will it be a problem then?

What about if we get to 20 percent or 30 percent?

At what point will we be forced to admit that we have a major problem on our hands?

Many of our leaders seem resigned to the fact that the future will be dominated by communist China.

For example, the President of the St. Louis Federal Reserve recently stated that “attitudes in the U.S. are going to have to change” because America “will not permanently be the global leader”…

That’s according to Federal Reserve Board of St. Louis President James Bullard, who spoke to the Wall Street Journal on the sidelines of a conference during a recent visit to Hong Kong.

“Attitudes in the U.S. are going to have to change, because the U.S. will not permanently be the global leader,” Mr. Bullard said. In fact, Bullard insists that it is inevitable that the U.S. will end up playing second fiddle to communist China…

In that case, “the U.S. would be playing a role to China similar to the role the U.K. plays to the U.S. today,” Mr. Bullard said. “People think it’s 50-75 years away but it’s probably only 25 or 20 years away, something like that.”
And this is one of the guys that is running the U.S. economy?

There is more than one way to dominate your enemy, and the Chinese understand this.

Sadly, most Americans have absolutely no idea what is happening.

What about you?

What do you think about all this?

About Michael Snyder

Michael T. Snyder is a graduate of the University of Florida law school and he worked as an attorney in the heart of Washington D.C. for a number of years. Today, Michael is best known for his work as the publisher of The Economic Collapse Blog. Michael and his wife, Meranda, believe that a great awakening is coming and are working hard to help bring renewal to America. Michael is also the author of the book, “The Beginning Of The End”.

Russia Threatens To Abandon US Dollar And Start Dumping US Debt


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The Obama administration and the hotheads in Congress are threatening to hit Russia with “economic sanctions” for moving troops into Crimea.  Yes, those sanctions would sting a little bit, but what our politicians should be made aware of is the fact that Russian officials are promising “to respond” if economic sanctions are imposed on them.  As you will read about below, one top Kremlin adviser is even suggesting that Russia could abandon the U.S. dollar and start dumping U.S. debt.  In addition, he is also suggesting that if sanctions are imposed that Russian companies would not repay the debts that they owe U.S. banks.  Needless to say, Russia could do far more economic damage to the United States than the United States could do to Russia.  The U.S. financial system relies on the fact that the rest of the planet is going to use our currency to trade with one another and lend gigantic piles of it back to us at super low interest rates.  If the rest of the world starts changing their behavior, we are going to be in a massive amount of trouble.  Those that believe that the United States is “economically independent” are being quite delusional.

In order for U.S. economic sanctions against Russia to be effective, Europe would also have to get on board.

But that simply is not going to happen.

As I noted yesterday, Russia is the largest exporter of natural gas on the planet.  And Russia is also Europe’s largest supplier of energy.

There is no way that Europe could risk having Russia cut off the gas, especially considering the economic condition that Europe is currently in.

To get an idea of just how incredibly dependent the rest of Europe is on Russian natural gas, check out the chart in this article.  A whole bunch of European nations get more than half their natural gas from Russia.

And according to the Telegraph, even the UK has already completely ruled out economic sanctions…

Europe would be pushed back into recession, Russia into financial meltdown. This is not the sort of self harm Europe is prepared to contemplate right now. Indeed, thanks to the indiscretion of a UK official, who was snapped going into Downing Street with his briefing documents on display for all the world to see, we know this to be the case. Trade and financial sanctions have already been ruled out.

So the U.S. can do whatever it wants, but Europe is not going to be any help.  Perhaps Canada will stand with the U.S., but that will be about it.

On the flip side, the Russian Foreign Ministry is promising “to respond” if the United States does impose economic sanctions…

Russia said on Tuesday that it would retaliate if the United States imposed sanctions over Moscow’s actions in Ukraine.

We will have to respond,” Foreign Ministry spokesman Alexander Lukashevich said in a statement. “As always in such situations, provoked by rash and irresponsible actions by Washington, we stress: this is not our choice.”

So what would the response look like?

Lukashevich did not say, but top Kremlin adviser Sergei Glazyev is suggesting that Russia could abandon the U.S. dollar and refuse to pay back loans to U.S. banks…

“In the instance of sanctions being applied to stated institutions, we will have to declare the impossibility of returning those loans which were given to Russian institutions by U.S. banks,” RIA quoted Glazyev as saying.

“We will have to move into other currencies, create our own settlement system.”

He added: “We have excellent trade and economic relations with our partners in the east and south and we will find a way to reduce to nothing our financial dependence on the United States but even get out of the sanctions with a big profit to ourselves.”

Glazyev also stated that Russia could start dumping U.S. debt and encourage other nations to start doing the same.  The following comes from a Russian news source

“We hold a decent amount of treasury bonds – more than $200 billion – and if the United States dares to freeze accounts of Russian businesses and citizens, we can no longer view America as a reliable partner,” he said. “We will encourage everybody to dump US Treasury bonds, get rid of dollars as an unreliable currency and leave the US market.

Clearly Russian officials understand the economic leverage that they potentially have.  In fact, Glazyev seems fully convinced that Russia could cause “a crash for the financial system of the United States”

“An attempt to announce sanctions would end in a crash for the financial system of the United States, which would cause the end of the domination of the United States in the global financial system.”

On that last point Glazyev is perhaps overstating things.

On their own, the Russians could do a considerable amount of damage to the U.S. financial system, but I doubt that they could completely crash it.

However, if much of the rest of the world started following Russia’s lead, then things could get very interesting.

Just yesterday, I wrote about how China has chosen to publicly stand in agreement with Russia on the Ukrainian crisis.

If China also decided to abandon the U.S. dollar and start dumping U.S. debt, it would be an absolute nightmare for the U.S. financial system.

And keep in mind that the Chinese were already starting to dump a bit of U.S. debt even before this latest crisis.  In fact, China dumped nearly 50 billion dollars of U.S. debt in December alone.

The only way that the current bubble of debt-fueled false prosperity in the U.S. can continue is if the rest of the world continues to lend us trillions of dollars at ridiculously low interest rates that are way below the real rate of inflation.

If the rest of the world stops behaving in such an irrational manner, interest rates on U.S. government debt would rise dramatically and that would also mean that interest rates on virtually all other loans throughout our financial system would rise dramatically.

And if that happened, it would be a complete and utter nightmare for our economy.

Unfortunately, most Americans have no understanding of these things.  They just assume that we are “the greatest economy in the world” and that nothing is ever going to threaten that.

Well, the truth is that we are rapidly approaching a “turning point”, and after this bubble of false prosperity pops things will never be the same in the United States again.

Get a look at the future of America: The Beginning of the End

About Michael Snyder<img alt=” src=’http://1.gravatar.com/avatar/ba3c38a4d6c6902586b62d60fe58e94f?s=68&d=http%3A%2F%2F1.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D68&r=G’ class=’avatar avatar-68 photo’ height=’68’ width=’68’ />

Michael T. Snyder is a graduate of the University of Florida law school and he worked as an attorney in the heart of Washington D.C. for a number of years. Today, Michael is best known for his work as the publisher of  The Economic Collapse Blog. Michael and his wife, Meranda, believe that a great awakening is coming and are working hard to help bring renewal to America.  Michael is also the author of the book The Beginning Of The End

Read more at http://freedomoutpost.com/2014/03/russia-threatens-abandon-us-dollar-start-dumping-us-debt/#OAJegu8HQKe25kmx.99

Public Schools Are Preparing America’s Children For Life In A Police State


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Our children are the future of America, and our public schools are systematically training them to become accustomed to living in a “Big Brother” police state.  All across the United States today, public schools have essentially become “prison grids” that are run by control freaks that are absolutely obsessed with micromanaging the lives of their students down to the smallest detail.  As you will read about below, students all over the country are now being monitored by RFID microchips, their lunches are being inspected on a daily basis by school administrators, and the social media accounts of students are being constantly monitored even when they are at home.  Of course these sorts of things do not happen everywhere just yet, but on the path that we are on it is just a matter of time.  At this point, many of our public schools very closely resemble “totalitarian dictatorships”, and so if the United States ever slips into totalitarianism the students of today will actually feel very comfortable under that political system.

I went to public schools all my life, so I have experience in this area.  Sadly, things have gone downhill quite a bit since those days.  For example, one thing that was unheard of back when I was in high school was “active shooter drills”.  They are being held in school districts all over the nation today, and they often involve the firing of blanks and the use of fake blood.  The following is from a recent NBC News about these drills…

In a cramped, carpeted amphitheater in the basement of Troy Buchanan High School, 69 students are waiting to die.

“You’ll know when it pops off,” says Robert Bowen, the school’s campus police officer. “If you get engaged with one of the shooters, you’ll know it.”

“When you get shot, you need to close your fingers and keep ‘em in,” adds Tammy Kozinski, the drama teacher. “When the bad guy and the police come through, they’ll step all over you, and who will be saying they’re sorry?”

“Nobody!” the students cry in unison.

This isn’t a bizarre, premeditated mass murder or some twisted sacrifice led by a student cult. These are the 20 minutes preceding an active shooter drill, the 13th one Missouri’s Lincoln County school district has staged in the past year.

You can read the rest of that article right here, and a YouTube video about these drills is posted below…

Active ShooterFortunately, the students participating in the active shooter drills in Missouri know in advance what is happening.

In other instances around the country, that is not the case.  In fact, sometimes teachers are not even told what is going to happen.  Just check out the following example from New Jersey

About 50 teachers at a New Jersey school experienced a terrifying moment when a shooting rampage turned out to be a drill, but the teachers didn’t know it.

It happened Aug. 28 at the Phillipsburg New Jersey Early Learning Center.

A man burst into the library and started shooting. But the gun didn’t have any bullets, just blanks.

Teachers took cover under child-sized tables, crying and trembling.

“People are crying. The girl next to me is trembling and shaking. You heard people crying. You heard other people praying. It was pretty dramatic,” one teacher said.

Could you imagine your own children being put through something so traumatic?

And of course “active shooter drills” are far from the only way that our public schools are being transformed into prison camps.  Just consider the following list…

-Public schools in some parts of the country are beginning to use RFID microchips to track school attendance. (Link)

-Some public schools are now systematically monitoring the social media accounts of their students. (Link)

-Listening devices are being installed in classrooms all over the nation. (Link)

-Bureaucratic control freaks are checking student lunches at many schools to ensure that they are “balanced”. (Link)

-Students are being suspended from school for simply making gun gestures with their hands. (Link)

-Some public schools do not even allow parents to walk their own children to class. (Link)

This next set of examples comes from one of my previous articles

A few years ago, a class of 3rd grade students at one Kentucky elementary school were searched by a group of teachers after 5 dollars went missing.  During the search the students were actually required to remove their shoes and their socks.

At one public school in the Chicago area, children have been banned from bringing their lunches from home.  Yes, you read that correctly.  Students at that particular school are absolutely prohibited from bringing lunches from home.  Instead, it is mandatory that they eat the food that the school cafeteria serves.

The U.S. Department of Agriculture is spending huge amounts of money to install surveillance cameras in the cafeterias of public schools so that government control freaks can closely monitor what our children are eating.

It is not just high school kids that are being ticketed by police.  In Texas the crackdown extends all the way down to elementary school students.  In fact, it has been reported that Texas police gave “1,000 tickets” to elementary school kids over a recent six year period.

A 17 year-old honor student in North Carolina named Ashley Smithwick accidentally took her father’s lunch with her to school.  It contained a small paring knife which he would use to slice up apples.  So what happened to this standout student when the school discovered this?  The school suspended her for the rest of the year and the police charged her with a misdemeanor.

A 6 year old girl in Florida was handcuffed and sent to a mental facility after throwing temper tantrums at her elementary school.

In early 2010, a 12 year old girl in New York was arrested by police and marched out of her school in handcuffs just because she doodled on her desk. “I love my friends Abby and Faith” was what she reportedly wrote on her desk.

There are actually some public schools in the United States that are so paranoid that they have actually installed cameras in student bathrooms.

-Down in Florida, students have actually been arrested by police for bringing a plastic butter knife to school, for throwing an eraser, and for drawing a picture of a gun.

-The Florida State Department of Juvenile Justice has announced that it will begin using analysis software to predict crime by young delinquents and will place “potential offenders” in specific prevention and education programs.

-A group of high school students made national headlines a while back when they revealed that they were ordered by a security guard to stop singing the national anthem during a visit to the Lincoln Memorial.

In some U.S. schools, armed cops accompanied by police dogs actually conduct surprise raids with their guns drawn.  In this video, you can actually see police officers aiming their guns at school children as the students are lined up facing the wall.

Back in 2009, one 8 year old boy in Massachusetts was sent home from school and was forced to undergo a psychological evaluation because he drew a picture of Jesus on the cross.

Are you starting to get the picture?

Our public schools are systematically training our children for life in a police state, and hardly anyone is complaining about it.

We are heading down a very dangerous road, and at the end of that road we would end up like other totalitarian regimes such as North Korea.

If you think that you would like to live in a truly totalitarian regime, just consider what a new UN report that was just released says is going on in North Korea right now…

The commission documents crimes against humanity, including “extermination, murder, enslavement, torture, imprisonment, rape, forced abortions and other sexual violence, persecution on political, religious, racial and gender grounds, the forcible transfer of populations, the enforced disappearance of persons and the inhumane act of knowingly causing prolonged starvation.”

So why don’t the people of North Korea rebel?

Well, one prison camp survivor that escaped said that “we became so used to it that we didn’t feel anything”

One witness, a survivor of a North Korean prison camp, told the commission of seeing a guard beat a nearly starving woman who had recently given birth, then force the woman to drown her baby.

Others told of being imprisoned for watching soap operas, trying to find food for their families, traveling without permission or having family members considered suspect by the government.

“Because we saw so many people die, we became so used to it,” one prison camp survivor told the commission. “I’m sorry to say that we became so used to it that we didn’t feel anything.”

Perhaps you think that such a thing could never happen in America, but the truth is that we are also becoming very accustomed to the emerging Big Brother control grid which is being constructed all around us.

And the youth of today are sadly ignorant of what this nation is supposed to look like.  In fact, activist Mark Dice discovers that many students at one college in California cannot even name any of the Bill of Rights when they are asked to do so.

So is there any hope for the next generation of Americans?

Please feel free to share what you think by posting a comment below…

Want to peer into the future of America?  Pick up my book The Beginning of the End

About Michael Snyder

Michael T. Snyder is a graduate of the University of Florida law school and he worked as an attorney in the heart of Washington D.C. for a number of years. Today, Michael is best known for his work as the publisher of  The Economic Collapse Blog. Michael and his wife, Meranda, believe that a great awakening is coming and are working hard to help bring renewal to America.  Michael is also the author of the book The Beginning Of The End

Top Adviser To The Chinese Government Calls For A Global Currency To Replace The U.S. Dollar


For those of you that know scripture, you will recognize the following report. For the rest, this is a potential fulfillment of Biblical prophecy.

The Anti-Christ is prophesied to be revealed as a solver of the nation’s economic disasters. It is prophesied that one of the his proposed solutions is a one world currency. Please keep that in mind as you read the following. – Jerry Broussard

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http://freedomoutpost.com/2014/02/top-adviser-chinese-government-calls-global-currency-replace-u-s-dollar/#roGJtZMYv1Deft78.99

Posted by February 7, 2014

The former chief economist at the World Bank, Justin Yifu Lin, is advising the Chinese government that the time has come for a single global currency.  Lin, who is also a professor at Peking University, says that the U.S. dollar “is the root cause of global financial and economic crises” and that moving to a “global super-currency” will bring much needed stability to the global financial system.  And considering how recklessly the Federal Reserve has been pumping money into the global financial system and how recklessly the U.S. government has been going into debt, it is hard to argue with his logic.  Why would anyone want to trust the United States to continue to run things after how badly we have abused our position?  The United States has greatly benefited from having the de facto reserve currency of the planet for the past several decades, but now that era is coming to an end.  In fact, the central bank of China has already announced that it will no longer be stockpiling more U.S. dollars.  The rest of the world is getting tired of playing our game.  Our debt is wildly out of control and we are creating money as if there was no tomorrow.  As the rest of the world starts moving away from the U.S. dollar, global power is going to shift even more to the East, and that is going to have very serious consequences for ordinary Americans.

Sadly, most Americans don’t even realize what is happening.  These comments by a top adviser to the Chinese government should have made front page news all over the nation.  I had to go to China Daily to find the following excerpt…

The World Bank’s former chief economist wants to replace the US dollar with a single global super-currency, saying it will create a more stable global financial system.

“The dominance of the greenback is the root cause of global financial and economic crises,” Justin Yifu Lin told Bruegel, a Brussels-based policy-research think tank. “The solution to this is to replace the national currency with a global currency.”

Lin, now a professor at Peking University and a leading adviser to the Chinese government, said expanding the basket of major reserve currencies — the dollar, the euro, the Japanese yen and pound sterling — will not address the consequences of a financial crisis. Internationalizing the Chinese currency is not the answer, either, he said.

And this is not the first time that we have heard these kinds of comments coming out of China.  For example, Xinhua News Agency called for a “de-Americanized world” back on October 14th…

“It is perhaps a good time for the befuddled world to start considering building a de-Americanized world.”

That particular news agency is controlled by the Chinese government, and if the Chinese government did not approve of that statement it never would have made it into the paper.

Then in November, the central bank of China announced that it is going to stop stockpiling U.S. dollars.

Most Americans don’t want to hear this, but what we are witnessing is a massive shift in global power.  China is catching up to us in a multitude of ways, and they are getting tired of playing second fiddle to the United States.  In fact, China is already surpassing the U.S. in a number of key areas…

When the rest of the world quits using U.S. dollars to trade with one another and quits lending our dollars back to us at ultra-low interest rates, things are going to start changing very rapidly.

In a previous article, I discussed why having the reserve currency of the world is so important to the United States…

The largest exporting nations such as Saudi Arabia (oil) and China (cheap plastic trinkets at Wal-Mart) end up with massive piles of U.S. dollars.

Instead of just sitting on all of that cash, these exporting nations often reinvest much of that cash into low risk securities that can be rapidly turned back into dollars if necessary.  For a very long time, U.S. Treasury bonds have been considered to be the perfect way to do this.  This has created tremendous demand for U.S. government debt and has helped keep interest rates super low.  So every year, massive amounts of money that gets sent out of the country ends up being loaned back to the U.S. Treasury at super low interest rates.

And it has been a very good thing for the U.S. economy that the federal government has been able to borrow money so cheaply, because the interest rate on 10 year U.S. Treasuries affects thousands upon thousands of other interest rates throughout our financial system.  For example, as the rate on 10 year U.S. Treasuries has risen in recent months, so have the rates on U.S. home mortgages.

Our entire way of life in the United States depends upon this game continuing.  We must have the rest of the world use our currency and loan it back to us at ultra low interest rates.  At this point we have painted ourselves into a corner by accumulating so much debt.  We simply cannot afford to have rates rise significantly.

As the rest of the globe moves away from the dollar, demand for the dollar is going to go down and that is going to cause a lot of inflation – especially for imported goods.  So the days of piling lots of cheap plastic stuff made in China into your shopping carts is coming to an end.

And as the rest of the globe moves away from U.S. debt, interest rates are going to go much higher than they are today.  Eventually, the U.S. government will be paying out more than a trillion dollars a year just in interest on the national debt and all loans throughout our entire financial system will have higher interest rates.  This is going to cause economic activity to slow down dramatically.

On the global economic stage, China is playing checkers and we are playing chess, and we are getting dangerously close to checkmate.

Meanwhile, China is also rapidly catching up to us militarily.

At a time when U.S. military spending is actually decreasing, China is spending money on the military aggressively.

In 2014, Chinese military spending will rise to $148 billion, which represents an increase of 6 percent over 2013.

The balance of power is shifting right in front of our eyes.

For example, at one time the U.S. Navy reigned supreme and the Chinese Navy was a joke.

But now that is rapidly changing.  The following is from an article posted on military.com

The Chinese navy has 77 surface combatants, more than 60 submarines, 55 amphibious ships and about 85 missile-equipped small ships, according to the report first published by the U.S. Naval Institute. The report explains that more than 50 naval ships were “laid down, launched or commissioned” in 2013 and a similar number is planned for 2014.

Of particular concern is the growth of the Chinese submarine fleet.  The Chinese now have submarine launched ballistic missiles with a maximum range of about 4,000 miles…

ONI raised concerns about China’s fast-growing submarine force, to include the Jin-class ballistic nuclear submarines, which will likely commence deterrent patrols in 2014, according to the report. The expected operational deployment of the Jin SSBN “would mark China’s first credible at-sea-second-strike nuclear capability,” the report states.

The submarine would fire the JL-2 submarine launched ballistic missile, which has a range of 4,000 nautical miles and would “enable the Jin to strike Hawaii, Alaska and possibly western portions of CONUS [continental United States] from East Asian waters,” ONI assessed.

In addition, China is also working on “hypersonic glide vehicles” that can travel “at speeds of up to Mach 10 or 7,680 miles an hour”.  The following is an excerpt from a recent Washington Free Beacon article…

The Washington Free Beacon first disclosed China’s Jan. 9 flight test of a hypersonic glide vehicle that the Pentagon has called the WU-14.

The experimental weapon is a new strategic strike capability China’s military is developing that is designed to defeat U.S. missile defenses. China could use the vehicle for both nuclear and conventional precision strikes on targets, including aircraft carriers at sea.

U.S. officials said that, while the glide vehicle test was not an intelligence surprise, it showed China is moving much more rapidly than in the past in efforts to research, develop, and test advanced weaponry.

The world is changing, and the United States is not the only superpower anymore.  China is thriving and Russia is also on the rise.  Five years from now, the world is going to look far, far different than it does today.

Sadly, most Americans do not care about these things at all.  Most of them are much more concerned about the latest celebrity scandal or about what Justin Bieber has been doing.

In the end, most Americans will have no idea what is happening until it is far too late to do anything about it.

Get my new book about the future of America: The Beginning of the End.

About Michael Snyder

Michael T. Snyder is a graduate of the University of Florida law school and he worked as an attorney in the heart of Washington D.C. for a number of years. Today, Michael is best known for his work as the publisher of  The Economic Collapse Blog. Michael and his wife, Meranda, believe that a great awakening is coming and are working hard to help bring renewal to America.  Michael is also the author of the book The Beginning Of The End

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