China’s official news agency has called for the creation of a “de-Americanised world”, saying the destinies of people should not be left in the hands of a hypocritical nation with a dysfunctional government.
Heaping criticism and caustic ridicule on Washington, the Xinhua news agency called the US a civilian slayer, prisoner torturer and meddler in others’ affairs, and said the ‘Pax Americana’ was a failure on all fronts.
The official news agency of China, which is seen as the pretender to the world’s superpower crown, then rubbed in more salt, calling American economic pre-eminence just a seeming dominance.
“As US politicians of both political parties are still shuffling back and forth between the White House and the Capitol Hill without striking a viable deal to bring normality to the body politic they brag about, it is perhaps a good time for the befuddled world to start considering building a de-Americanised world,” the editorial said.
It asks why the self-declared protector of the world is sowing mayhem in the financial markets by failing to resolve political differences over key economic policy.
“… the cyclical stagnation in Washington for a viable bipartisan solution over a federal budget and an approval for raising debt ceiling has again left many nations’ tremendous dollar assets in jeopardy and the international community highly agonised,” the agency said.
It is not the first time Chinese leadership and newspapers have criticised Washington over a policy paralysis that threatens to devalue its dollar assets.
According to US Treasury Department data, China is the biggest foreign owner of US Treasuries at $1.28 trillion as of July. Besides, China also holds close to $3.5 trillion of dollar-denominated assets.
A US debt default and consequent credit downgrade would significantly erode the value of China’s holdings.
As the first step in creating a de-Americanised world, all nations must try to shape an international system that respects the sovereignty of all nations and ensures the US keeps out of the domestic affairs of others, Xinhua said.
“The developing and emerging market economies need to have more say in major international financial institutions including the World Bank and the International Monetary Fund, so that they could better reflect the transformations of the global economic and political landscape,” the editorial says.
It also called for an end to the use of the US dollar as the international reserve currency, a step that would ensure the international community could maintain a safe distance from the side-effects of domestic political turmoil in the United States.
Source: ibtimes
America should not be doing what it has ALL ACROSS THE PLANET. What is this reason for having 83 military conflicts taking place all at one time? Yes 83! America should be a world supplier of goods and services. Self supporting AS IT WAS for decades until the Wealthy Ferengi Elite decided to ship jobs overseas for cheap labor and destroy the job market in the us. All for a few bars of gold. Gelt
They do not consider the lives of the people it is all a quest for wealth and power. When it looks as if they will not get their way they do false flag attacks. When their General minions do not do what they are told, they are fired.
Even Hollywood strains under the burden of the wealthy Zionist Elite and talented individuals are black balled because they are not Jewish.
Mel Gibson had a reason to be pissed. So do all American’s who have suffered because of criminal banking scams and and even more criminal legal system.
Just when is it legal to pass laws that do not effect the Elite and the people equally? Why would I go to jail for insider trading and the political elite do not for the exact same crime? Why are Elite bankers exempt from prosecution for committing the exact same crimes and schemes that common con men go to prison for?
more than 17 TRILLION has been stolen from the American banking system by criminals in the US Government and the FED. NOBODY has been prosecuted. I cannot buy clean toxin free food and those bastards are sitting pretty and laughing about it. GMOs, Arsenic in our chicken, toxic fillers and “preservatives”, hormones and antibiotic laced meats, toxic food colorings, carcinogens in our “health care” products, glyphosate in our foods and water. How much longer are WE THE PEOPLE going to allow this?
I do not know why China is complaining, America has already been bastardized by China through WalMart. We have dozens of Oriental restaurants and recently the owner of the largest was arrested for not paying taxes.
Go China