"With its foreign exchange reserve, China has already bought and is holding Greek bonds and will keep a positive stance in participating and buying bonds that Greece will issue," Wen said, speaking through an interpreter. "China will undertake a great effort to support euro zone countries and Greece to overcome the crisis."
The way I see it, the US oligarchy only cares about a recovery in which US hegemony is maintained. Any recovery which results in someone else being seen as the new global leader will actually be considered a threat to US security IMO. In other words, they really don’t care about recovery, they only care about staying in power.
So what happens when someone else comes in to play the white knight that the US cannot play this time due to our own internal problems? China certainly knows that the Greeks (and other PIIGS) are already in over their heads with debt and thus cannot afford to repay additional debt underwritten by the Chinese. Chinese are not buying Greek debt because they think it is a good investment but rather in order to create indebted minions/allies in the game of global politics. Greek leadership can easily become a puppet of the Chinese government if China becomes the lender of only resort to Greece. I wonder how long until other PIIGS take the Chinese debt.
If this happens, the US cannot openly complain about it. That means our “leaders” will have to come up with some other response. By no means will they just sit there and watch US hegemony slip away due to inaction. They will justify any action they take in the name of protecting US security. If you think about it, US hegemony and US security can easily be argued as synonymous by our oligarchs. One way to foil China’s move would be to surreptitiously accelerate the collapse of the PIIGS (and thus the whole Eurozone) before China can stabilize it. If I can come up with this analysis then you can bet 100 government “analysts” came up with the scenario years ago and have already set up trigger points at which action must be taken along with specific actions to take.
“Only the paranoid survive”
-Andy Grove, ex-CEO Intel corporation
