Call China's Currency Policy What It Is: A Declaration Of War

As long as the value of the yuan in international trade is not an issue addressable by the international community, China’s policy of growing its money supply (M1 & M2 equivalents) at over 20% annually is the same thing as China declaring war on the world. As thinking people have come to understand, a large country’s monetary policies can impact the long-term economic sovereignty of other countries in the global trade era as effectively as military policies.

China runs the biggest slavery system the world has ever known, with over 200 million of its 1,200 million people being little more than exploited wage slaves. The West has chosen to turn a blind eye to virtual slavery in China for several reasons: First, because the rewards for multinational corporations have been so rich — much like the rewards for slave-holding plantation owners in the American South in the period leading up to the Civil War. Secondly, virtual slavery in China has helped hold down consumer price inflation in the United States and Europe, thus facilitating easy money policies in the post-Cold War period — policies that have made it possible to inflate the portion of the money supply controlled by those who hold title to the lion’s share of America’s premier corporate assets. Thus, the China-Washington, D.C. connection has made it possible for elites in both countries to grow their assets massively relative to the corporate assets of the working public.

Thirdly, slave wages in China help hold down wages in other developing countries ensnared in the global trade system, thus increasing profits for international elites everywhere. Fourthly, effective slavery in China contributes “nicely” to the global imbalances between producer and consumer countries — imbalances that are leading the world into the financial crises which are gradually but invariably destroying the economic autonomy of respective nation-states.

Chinese officials at all levels of government have gained filthy riches by hybridizing communism with an Asian form of finance capitalism. They’ve learned some of the tricks of Wall Street — maneuvers that they now employ ruthlessly. When it comes to monetary policy they undoubtedly justify their control of the yuan’s value in international trade by observing how the Federal Reserve in collusion with the U.S. Treasury Department declared war on the rest of the world in 2008 by massively expanding the Wall Street pertinent portion of the nation’s money supply — doing so with the world’s reserve currency that China and others are forced to use in international trade. If we can declare war on China, why can’t China declare war in return upon us? Indeed, in this war the elites on both sides are the winners while the virtual wage slaves (including many in the U.S. who approach this condition) bear the burden of the unjust policies.

When the Nazi political movement grasped control of Germany, the West did little in response. The passivity of the U.S. persisted while the Nazis (much like Chinese political elites) began their military march across Europe and their predations upon poor Jews and segments of the German gentile underclass. In retrospect, people nowadays wonder how the West could have allowed such developments, or how the German people could have allowed their country to be hijacked by the Nazis. But look at the similarities to the circumstances of today: The American people remained largely passive in 2008 while our country was hijacked (through ‘too big to fail’ bailout policies). Furthermore, they continue in their passivity while the current administration enlarges the dangerous consequences of that hijacking. ‘All is quiet on the Western front’ while China ‘s virtual slave labor system grinds on in conjunction with its politically driven counterfeiting system. Maybe the American electorate doesn’t care if their children grow up free. Maybe the masses will be content with anything as long as they get their comedy, sports, porn and violence on TV. A people in mental captivity can hardly avoid material capture, too.

In sum, China continues to fix the value of its currency while growing its monetary base at breakneck speed. China’s ability to grow its money supply without high consumer price inflation is a feat made possible not only by infrastructure progress and productivity gains but by its international trade winnings — unjust winnings that reflect a massive virtual slavery system that undercuts the value of wages in the West.

The world is now in a state of virtual war. Warlords that inflate the portion of the money supply they control (i.e., political elites in China and financial elites on Wall Street) are more dangerous than were Nazi political leaders in the WWII era. Today’s globalist counterfeiters are extremely dangerous because conquests accomplished by monetary policy are more difficult to defend against than are military invasions. While the public will rise up to protect itself against military invasion, when it comes to conquest by money the general public tends to acquiesce unless they’ve been educated properly. Sadly, a shallow comprehension of the lessons of history is the norm nowadays. A people who do not understand where the world has been cannot contribute much to the direction of where the world is going. We’ve already said a long goodbye to the protections of an informed and virtuous public ethos.