China is getting nervous about this U.S. debt default risk. However, the market is extremely calm. The fear index VIX is still under 20! Looks like the market is telling us this default can not happen in August. Can it?

Well, the timing is right. Exactly 40 years ago, in August 1971, U.S. abandoned the gold standard. May be this is time to let the bullets fly, and let the dollars burn. May be this is the time to let the gold and silver shine.

So, to put this in a bigger picture, I would not be surprised to see a U.S. debt default in August. This can be a very good thing for the future of mankind. I'm getting ready for it.

China warns U.S. debt-default idea is "playing with fire"

This idea of a technical default (delaying interest payments for a few days), in my view is not bold enough. Republicans are betting that the impact can be managed. But the truth is, nobody can predict the magnitude. It may be huge. If so, why don't declare a 100% complete default. Not a single penny to China. Not now, not in the future. It's time to teach Chinese a lesson on Capitalism:-) They are inexperienced. It's their own fault to lend U.S. so much money. Commies are no capitalists after all, how can they so stupid selling their goods to U.S. for worthless paper?

Osama Bin Laden is dead, just like that. What a joke! 10 years of so-called war on terror. Trillions dollars wasted on a guy who seems to be weak as water. What kind of enemy is this, so easy to get rid of? To me, this guy seems to be just another pawn. He can be taken out at any time. He lived as long as his masters wished. Now he's dead, this fake war is over. The real game between masters can start.

Why now? the Islamic democratic revolution has gone viral in the middle east. Some world powers may not like the direction this movement is heading. A democratic, powerful middle east may not be a good thing. A dead Bin Laden can re-set the direction for this movement.

Not sure if China is behind this. China and Pakistan are real friends. US and Pakistan? No, not really. How can Bin Laden live so close to the heart of Pakistan for so long without being discovered? Either China is involved, or China is really lucky. China benefits the most from this fake war on terror. In the past 10 years, US badly misused his limited resources, heavily in debt, fighting this phantom enemy. On the other hand, China gets stronger day after day, financially and militarily, almost unnoticed. Now all of a sudden, China is number 2 world power economically, and China will soon have her own aircraft carriers and stealth fighters.

There will be a war between China and US. Maybe the war has already started, in the financial markets.

Chinese president Hu told the world that China and US are not in a zero-sum game. Obama responded warmly, "We have an enormous stake in each other's success." Really?? How about "We have an enormous stake in each other's failure"?

China and US maybe in a non zero-sum game in the mid 70s of the last century, when Soviet Union and US were in a Cold War. But not now. Right now, US, Japan and South Korea are in a non-zero-sum game. China and North Korea are in a non zero-sum game. But China and US? They are definitely in a zero-sum game.

United States is having war games with South Korea and Japan in the Yellow Sea. United States is having war games with Vietnam in the South China Sea. US carrier George Washington arrived and stopped off the coast of Da Nang city in the South China Sea. US carrier George Washington is going to join the second military exercise in the Yellow Sea. China is building her own aircraft carriers. China is going to test fire her anti-ship ballistic missiles. China threatens to sink any US carriers if they dare to get in the Yellow Sea. United States threatens to respond with nuclear strikes if her carriers get sunk.

Looks like the United States and China are not very pleased with each other. Obama calls himself the "America's First Pacific President". This nice man has no ambition at all:-) What happened to the "New World Order"? How about to become the "America's First World President"? I guess you need to become the "America's First Pacific President" before you can become the "America's First World President". Joke aside, China is encircled and isolated, and she is feeling the pressure. I'm surprised she hasn't contacted her friend Iran to create some news in the Middle East:-) I don't think China is ready for War. Maybe that's why she's so nervous and over-reacting.

I've just finished reading the book "The Next 100 Years: A Forecast for the 21st Century". I agree with the main idea. That is: America is not declining as many predict, America is just beginning its rise. The ancient Roman Republic lasted 482 years until Caesar and Augustus turned it into Roman Empire. United States has only been around for 234 years, not even half of the age of Roman republic.

I like author's way of comparing political leaders playing world affairs to chess masters playing chess games. Although it may appear there are many possible moves, but many of them are bad moves and can be eliminated right away. The choices left are only a few. This is how future may be predicted. This reminds me of my favorite science fiction series "Foundation" by Issac Asimov. Of course, here we are assuming the world leaders are chess masters and they only make rational moves. This can be true most of the time. They don't become world leaders if they don't have some skills.

The Next 100 Years: A Forecast for the 21st Century