The solution to US debt? Sell Alaska

Maybe what Russian professor Igor Panarin had to say quite a few years ago, although off on the timing, might slowly be coming to fruition.

The prospect of once again hitting the federal debt ceiling has provoked the ritual round of hand-wringing about the intractable nature of this $US16 trillion conundrum. But there is a simple, elegant option that involves no tax increases, no spending cuts and just a bit of imagination.

Sell Alaska.

That’s right. Put the entire state – from Juneau to Deadhorse, from the Bering Strait to the Beaufort Sea – on the auction block.

Absurd? No more absurd than the spectacle taking place right now as we skid closer to the fiscal cliff. Continue reading

China’s dictators are not stupid like Stalin and Obama is their ally

The new Chinese communist dictators are different. They realized that to stay in power, they have to change the rules of the game: their new goal is to put foreign capitalism to work to realize their own ambitions.

Chinese communist dictators do not have Stalin’s problem of having inadequate work force. China’s population is 1.339 billion. Suddenly they realized that this is far from being a burden to them: This is their golden asset and a source of cheap labor. Something Russia did not have.

Money-hungry foreign businessmen, they reasoned, will move their industries to China in search for this cheap Chinese labor. So the Chinese communist dictators will not have to take care of their slaves. Free Western capitalists will do this: they will use cheap slave labor for miserable pay, just enough to keep the slaves alive.

And this is exactly what has happened. Their strategy has worked. Western businessmen moved their businesses over to China. Workers in their countries lost jobs. To pay the unemployment benefits, Western governments, and in particular the U.S. Obama administration, have to borrow money from China, i.e., getting loans, which she is willingly extends to their White House friend Obama. China became the biggest lender to the United States: China holds more than $1.1 trillion of U.S. Treasury debt.

China has modernized its military with the latest military technology. Their spies have penetrated the most sensitive American military bases.

Full story: China’s dictators are not stupid like Stalin and Obama is their ally (World Tribune)