China Asserts Superiority - International Social/Political

Rice returns to the U.S. carrying her flag/face in a bag! China leaves Bush’s war whore looking like a third-rate player on the world stage (‘if the shoe fits ..’).

It seems the world prefers civilised diplomacy to the binary logic and brutish behaviour of U.S. ‘diplomacy’. Do we all recall these now infamous remarks; “dead or alive”, “with us or against us”, “painful response”, “bomb you into the stone-age”; these binary, brutish remarks are in stark contrast to the softly, softly, oblique approach of Asians. The effectiveness of the respective approaches is made clear – one would almost think the whole nuclear sword rattling performance was a set-up! Asians would be in no doubt that the whole affair had been orchestrated at America’s expense. The bereft Bush administration has been made to look like circus monkeys (‘if the banana fits ..’ ).

Think a thousand ‘cuts’ and you would be getting close to an appreciation of what is in store. America’s monumental loss of face is only the beginning of a well-planned strategy. After demonstrating its regional superiority to the world, China is now making its (long anticipated) move on the dollar! Adopting the Euro as standard will prove to be the most devastating blow the USA could receive – and not a shot fired! Such is the real art of war – did you catch that, Wyatt?

America, replete with Zionist nose-ring, blindly pursues violent solutions in the Middle East while China, India and other nations seize the initiative in Asia, Africa, the Pacific and other important regions. The Australian treasurer’s recent remarks regarding the U.S. dollar indicate Australia’s new economic direction. In the famous words of John Howard, “America has no better friend than Australia”, that is until a superior performer comes along! The road to economic security is indeed paved with yellow bricks. It’s goodbye Uncle Sam and hello, Uncle Han!

The future of America lies with the good sense of the population not a Zionist led incompetent regime. Regardless of anything said by the incumbents in the lead-up to the forthcoming elections, I would respond with a question, name one constructive achievement?

19/10/06 "SMH" -- TREASURER Peter Costello has called on East Asia's central bankers to "telegraph" their intentions to diversify out of American investments and ensure an orderly adjustment.

Central banks in China, Japan, Taiwan, South Korea and Hong Kong have channelled immense foreign reserves into American government bonds, helping to prop up the US dollar and hold down American interest rates.

Mr Costello said "the strategy had changed" and Chinese central bankers were now looking for alternative investments.

"Of course you can have an orderly adjustment," he told reporters. "And what I would recommend is that these matters be telegraphed well in advance. I think we should begin preparing ourselves for it."

Mr Costello said the "re-emergence" of China as the world's greatest economy "is not something to be feared".

Asked if a muscular China would be a force for good, however, Mr Costello said it would be good for growth and stability. "With the growing economic strength you will see growing influence in diplomacy in the regional architecture, as you would expect.

"I am sure it will be a force for economic development and I am sure that in partnership with other global powers, China wants to see a stable East Asian region."

Earlier, in a speech to open the Australian National University's East Asian Bureau of Economic Research, Mr Costello said Australia's involvement in the region was broader than economics.

"It is a key ingredient of who we are as a people," he said. "While Australia has its own unique culture, we are also a people who confidently enjoy the cultures of Asia, with seven of our top 10 overseas travel destinations being in the region."

Ahead of next month's G20 meeting in Melbourne, Mr Costello called on regional leaders to reform their anachronistic financial systems.

He said underdeveloped financial markets were to blame for the emerging economies of East Asia sending 94 per cent of outward portfolio investment to "ageing" countries outside the region.

He said the region needed to improve poor macroeconomic frameworks, inadequate regulatory systems, uncompetitive markets and insufficient investment in health and education

Copyright © 2006. The Sydney Morning Herald.

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