By Anna Von Reitz
Imagine that you have over a billion people to raise, train, employ, feed, and care for every day, and that all you have to do this miraculous feat is a rich but also relatively narrow band of arable land ranged along your sea coast and up into river valleys prone to dangerous flooding.
Now imagine that despite all the difficulties, you manage to build a largely peaceful and productive culture and claw your way into the 21st century by out-competing other suppliers of finished product goods and maintaining a vast international trade surplus.
You are China, and China has a lot to be proud of.
However, about ten years ago, something alarming started to happen. The "United States" has long been a major trading partner and consumer of Chinese products, which is good--- so long as China gets paid for the goods on a reasonable basis.
And that was no longer happening. The trade deficit was allowed to grow and grow and spiral out of control. The Chinese were left holding trillions of dollars worth of U.S. Government debt. Although nobody wanted to imagine it, the evidence slowly piled up that the "U.S." couldn't pay its way and was living on Chinese credit.
More disturbing news came to light. The Chinese government asked the New York Federal Reserve Bank to return Chinese gold that had been on deposit with them ever since 1928, and the New York Fed refused. They wouldn't even make good faith effort to pay the interest on the account.
What would you think?