Brokeback and debt peddling Little Timmy G outfit...

[dsummoner]

lashes out in a racist and jingoistic tirade.

The US Treasury has issued a damning criticism of Germany’s chronic trade surplus in its annual report on worldwide exchange rate abuse, although it stopped short of labelling the country a currency manipulator...

The US Treasury said China still needs to do more to wean itself off investment - almost 50pc of GDP - and boost consumption instead. It called for a change in the tax structure, reform of the big state enterprises, and an end to financial controls that force up the savings rate. There is concern that China’s surplus will rise again over coming years unless Beijing pushes through radical reforms.

Now that is pure comedy gold coming from the fiscal crackwhore that larded up on over $24 billion in debt in just one day. Each and every day that passes, the US is showing why its currency should not be the world reserve currency and why foreigners should not tolerate.

[dsummoner]

To wit:

Five years ago, every American would have considered a trillion-dollar budget deficit a national tragedy. If you believe the CNBC parrot show, NOT having a trillion-dollar deficit is now a sure sign of the Apocalypse. I speak of course of the cleverly dubbed “Fiscal Cliff,” which panicked CNBC apologists are required to mention no less than 5,000 times a day. We’re told ad nauseam that going over the cliff will drag the US into recession. Here’s what we’re not told: The US has been in recession 9 of the last 10 years. It’s in recession this year, and no matter what CNBC’s financial terrorists say or the idiots on Capital Hill decide, it will most certainly be in recession in 2013. Creating the illusion of economic growth is easy if you can print money. It’s a prank you can play on an entire country. Cut the value of the currency in half and the economy’s size will appear to double. If it doesn’t, you’re in recession (whether you know it or not). Cavemen probably understood this concept better than America’s best economic minds. The only way to accurately measure changes in a nation’s economy is to do so relative to the world (see Notes for non-nerds below before protesting). According to the World Bank, the U.S. represented 31.8% of the world’s economic activity in 2001. By the end of 2011, that share had dropped to 21.6%, meaning America’s slice of the world economy is 32% smaller than it was a decade ago, and getting smaller every day. Note that America’s housing bubble did nothing to boost the U.S. on the global stage.

But 'merica number one and **** yeah and flags and stuff and 'mercan jobs and 'merica firsts and stuff.'

In ten years China’s economy will be bigger than those of the U.S., Japan, and the U.K. combined. What are the chances they will drink the same kool-aid we are presently guzzling? Will they need, or even tolerate, the opinions spewed by our pundits and politicians? And more importantly, will the U.S. dollar still be the world’s reserve currency? Being a war-mongering banana republic isn’t all it’s cracked up to be, and despite what CNBC’s fast-money ****wits may think, the stock market is not America’s report card. Wall Street is the white elephant that America can’t afford to feed anymore and China doesn’t have the slightest interest in buying (just take a look at the Shanghai Composite). Continuing to yield to its tantrums will undoubtedly destroy us.

Excluding the 'we' and 'us' nonsense, one finds the ten year prediction to be a bit too optimistic. Beyond that, why would China listen to the racist blatherings of Little Timmy G and his ilk when they appear with beggar bowl in hand while pontificating upon what the legitimate Chinese government should or should not be doing...