Since at least 2005, China has been taking the exact steps required to counter the brunt of a global debt collapse.

One of the most frustrating issues to haunt the halls of alternative economic analysis is the threat of misrepresentative terminology.  For instance, when the U.S. government decided to back the private Federal Reserve in lowering the interest rates on lending windows to European banks last month, they did not call this a bailout, even though that’s exactly what it was.  They did not call it quantitative easing, or fiat printing, or a hyperinflationary landmine; rarely does bureaucracy ever apply honest terminology to their subversive activities.  False terminology is the bane of every honest analyst, because in order for them to educate and awaken those who are unaware of the truth, they must first battle through the daunting muck of the general public’s horrifically improper perceptions and vocabulary.  

The chain of financial events taking place over the past decade in Asia has been correspondingly mislabeled and misunderstood.  What some economists see as total collapse is actually a new and decidedly prophetic (or engineered) transition.  What some naively see as the “natural” progression of globalism, is actually a distinctly deliberate program of centralization meant to further the goals of world economic and political totalitarianism.  Asia, and most especially China, is a Petri dish for elitist psychopaths.  What we see as suffocating collectivism in this region of the world today is the exact social schematic intended for the West tomorrow.  Call it whatever you will, but on the other side of the Pacific, like the eerie smile of a sinister clown, sits fabricated fate.

http://www.activistpost.com/2011/12/new-asian-union-means-fall-of-dollar.html

This penchant for global collectivism, called (in the best imitation of Orwell's newspeak) global free trade is a natural add-on to NAUWATCH's "Pretext For A North American Homeland Security Perimeter":

http://www.vivelecanada.ca/article/235931041-the-pretext-for-a-north-american-homeland-security-perimeter