China rising while Obama and friends play patsy with China.

As the scales of power continue to tilt in China's favor, Obama and his administration are playing into the hands of the Chinese.

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The Balance of Power Shifts Toward China
Steve McCann, American Thinker: An unreported (in the once mainstream media) disclosure by China has taken the international financial world by shock and surprise. China declared that its foreign exchange reserves had increased to $2.4 Trillion in 2009, a gain of $453 Billion in one year. It is estimated that the reserves will rise by an equal amount in 2010.

The significance of this astounding statistic cannot be underestimated. By comparison the total foreign exchange reserves of the European Union (27 countries) was $648 Billion in 2009. China's one year increase alone was higher than the total reserves of all but one nation, Japan ($1.074 Trillion). (United States: $84.4 Billion)

Meanwhile in the United States, there is an administration and Congress in place pursuing economic and spending policies which go hand-in-glove with the long term plans of the Chinese. It is either deliberate or done out of ignorance, as the Chinese are unabashed in making their intentions public. Continue reading