I'm not much of a conspiracy guy, but truth be told from the very early days of this virus I have not been able to shake the thought of the possibility of this (virus) being a scorched-earth move by China as a response to DJT's "trade war". It definitely checks all the boxes in regards to crashing the U.S. economy and, with the help of the U.S. media and WHO their reputation and leadership has been elevated to ridiculous, and quite frankly, disgusting levels. It seems a next step might be to begin the process of removing the US dollar as the standard for global trade and naturally weaken it in the process. Is this a trial balloon? Is this nothing to worry about?
PS The article mentions Russia twice. One of those should be Kazakhstan, making eight countries.
China, isn't that the country of origin for 5 of the last 8 deadly viruses?
I wonder how much US aid is going to those countries? If anything it should now be ZERO.
USA counters all debt owed to China wiped off the books due to them infecting us with this virus. Then we Americans buy our own bonds and invest here.
On the surface it does make sense, due to how expensive dollars are right now to buy from most any local currency.
Underlying, sure, China is playing a long geo-political game...
This situation does seem to have had some beneficial side effects from the PRC’s PoV — No more protestors out in HK, some severe economic damage to its main rival, and a huge increase in demand for stuff that is only made in China now.
i wonder though if they’ll benchmark their currencies’ relative worth against the dollar, or if they’ll use a complex matrix of direct relative valuations? i can see where the latter method could lead to a lot of disputes ...
I think this issue of China as the ascendant superpower is overblown. China is not in such great economic shape right now.
It is true that the US has made serious strategic errors regarding China, but the mitigation of those errors is dependent on corrective actions WE take, not them. We are not at their mercy - not yet.
We have a President who understands all this, and has been warning us about China for 35 years, and in just three years, has already taken profound steps to restructure our China policy. We need to reclaim our manufacturing base and regain our strategic self-sufficiency.
There are various theories regarding China having financial leverage over the US, due to their huge US debt position and US$ currency holdings, but it is by no means a given that they could somehow translate that “on-paper” advantage into a practical takeover of US sovereignty.
They have used those $ to buy a lot of US real estate and corporate stock, and they have built up a huge gold reserve while we have diminished ours.
But if push comes to shove with China, the only important realities will be military power and economic power - not the fiscal balance sheet.
We have time to bolster our strength in both areas if we can find the collective will to defeat our own deep state Globalist political movement - that is the real threat to the Republic - not China.
why other 5 of 8 not mentioned ?
Who cares? Why won’t they trade in whatever they want?
More confirmation the Chinese are out of foreign currency
More likely Putin knows Xi in lots of trouble and is going to scam him one last time.
Sh!t, I TOO would love to return to real $$ instead of the U.S. monopoly paper...
As a proponent of the Nat. Sales Tax (Fairtax w/o the asinine ‘prebate’), barter/trade/re-use & LOCAL should be encouraged.
Course, I’m not one of the crowd high-five’in another $2T of illegal, unconst. taxpayer expenditures either. Use ‘crazy’ (L), ya’know.