Fascinating; I haven't seen or heard anything this far outside the box. It presents an interesting bargaining chip against other targets of Chinese agression.
I have long felt that the U.S. is missing another great bargaining chip: the possible nuclearization of Japan. That would grab China's attention right away.
***https://www.foreignaffairs.com/articles/united-states/2020-08-03/beware-guns-august-asia***
I started this article with a hope of optimism, but that hope was repeatedly dashed. For example: While Xi’s strategy has been clear, Trump’s has been as chaotic as the rest of his presidency... I do not see Trump's strategy as chaotic. To the contrary, I see it as a determined effort to re-equalize our financial relationship with China, a relationship that over the past thirty years has weakened us considerably AND contributed significantly to China's rise to superpower status.
The Foreign Affairs article goes on to say: the Trump administration was divided over China, with Trump himself regularly intervening to frustrate the full implementation of the hard-line policy laid out by his former national security adviser H. R. McMaster... Where is the evidence for this but of dubious fantasy? DJT has seemed rock steady at the helm right from the start. There was never a whisper - that I heard - that McMaster engineered the Trump China policy, or that POTUS deviated from that policy at any time.
Here is another jaw-dropper from FA:
the origins of COVID-19 and the United States’ disastrous response, which, as of mid-2020, has left more than 150,000 Americans dead; an economic crisis marked by 14.7 percent unemployment, a 43.0 percent rise in bankruptcies, and eye-watering public debt; not to mention the future of American global leadership
This is akin to living in Fantasy Land. What disastrous response? ...left more than 150,000 Americans dead. China sent the bloody thing over here yet FA can find no blame for China. Trump cutting off all travel from China made no difference --- DJT should have put on his messianic robes and stopped 150,000 deaths in a pandemic. The unemployment, the bankruptcies and debt are all Donald Trump's fault... staggering!
People get paid a fortune to think this misleading drivel up! Here is another jaw-dropper:
all this makes for a dangerous political and strategic cocktail: a weakened Trump, an uncompromising Biden...
Hiden Biden wouldn't even understand HOW to compromise; over what; with whom? Can you believe an intelligent brain wrote this dreamscape?
*** Chinese officials are now openly considering how to reduce their country’s vulnerability to a global financial system that remains overwhelmingly dependent on the greenback.***
Well, we are all idiots I can see. China is vulnerable to a global financial system that remains overwhelmingly dependent on the greenback. China was instrumental in establishing a global financial system dependent on the greenback! China could not have grown and prospered otherwise. AND China is still dependent on that system, although admittedly a bit less so.
I read as far as the commentary on Taiwan and quit; enough!
+ + + + + + + +
On a bit of a different note, I notice the Euro and the Pound gaining appreciably against the dollar and gold over $2,000 an ounce, silver over $27 an ounce. Are we heading in to financial woes or is something going on?
LOL. I too was amazed at what seemed to me to be a total lack of reality in the way the author saw events. But, I think it’s always good to know how the enemy is twisting current events.
Given the additional rain in China, I expect that 3G dam is going to fail, and I don’t thing China is going to be such a fancy prancing pony shortly.
RE: Your question regarding finances. As I think I have stated before, the international financial system usually only lasts about 40 years or so. This one is decidedly long in the tooth. The UN even called for an end to the Bretton Woods system-(Bretton Woods was revised - not totally replaced).
I understand what the NWO was planning to do, but I really don’t know for sure what Team Trump is going to do. There is little doubt in my mind that CV has likely dealt a death blow to the current world wide economy. How long will the death throes last? Can CPR be performed? Truly for the first time in my life-I simply can not see for sure.
I can imagine various scenarios, but have not a clue which if any are most likely. I view the increase in Gold and Silver to mean that the Central Bankers/Various Countries have obtained the amounts of Precious Metals that they want for the new system and are stopping their depression of prices.
Given that JP Morgan has traders that are accused of market manipulation of the precious metals market-it could be that the manipulation has been prematurely stopped for their plans. TBD.
I think silver is still a bargain, and in the long run will not disappoint-it has so many industrial applications, and gives a hedge against inflation. Unlike stocks, the value will never be 0. The last read I got from an international finance review was that Gold if correctly priced would be 10,000 bucks per oz. If that is true, then it’s hare for me to see how we could have a 100% gold-backed dollar.
As long as POTUS is re-elected, I am sure that America’s interests will be defended in whatever happens.
I remain convinced that DJT will eventually recognize Taiwan as independent country. I think the USA’s China policy has been totally wrong for decades. TBD.
I thought we did that a long time ago.