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The role of Moody's is farcical. Moody's is downgrading one European country after another citing large budget deficits and outsize sovereign debt whilst it does nothing about a similar position in the USA. Moreover, the same Moody's gave good ratings to many of the toxic mortgage backed securities that played a big part in the housing bubble and the crash of 2008.The word from the top is that the Euro will collapse before the US Dollar. Either way it will be best to have tangible assets. This is not a good time to have anything on paper. Be warned insiders all over the world are selling off their paper.

The elite always tell what they are going to do before they do it, most people don't get the word.China is already winning (the economic war). Money is power ...not weapons you will never use.China needs to build more military might to counter the arrogant of USA. For friendship to stay long, both must have equal power. The west has the history of invading the weak. This is what the others parts of world know how their living was robbed by those west invaders. If USA is really take friendship seriously, why are they holding war game at China border ? Why are they instigate the China neighbor countries to contain China ? The more the USA does such unfriendly act, the more the CHina needs to develop highly power weapon to counteract this threat. The best defend is must have the ability to counter attack. This is the basic of defend. China need to bring war to others soil if they are invade by others. Through this method of deterrent, there will be real peace for al