Posted on 08/07/2017 6:11:22 AM PDT by TigerLikesRooster
Trump could end China’s economy by sanctioning its banks: Gordon Chang
By Nick Giampia Published August 02, 2017 Asia FOXBusiness
“Nuclear Showdown” author Gordon Chang on Wednesday said the Trump administration should put more sanctions on Chinese banks, in order to convince them to keep North Korea under control.
“Once the president unplugs a big Chinese bank that’s all he needs to do because then Xi Jinping, the Chinese ruler, realizes he’s actually got to come to the party on trade, North Korea, South China Sea, you name it. Because putting Chinese banks into the tank, that’s the end of the Chinese economy,” he told FOX Business’ Neil Cavuto.
Chang explained how China would have no problem keeping North Korea under control, if it so desired.
(Excerpt) Read more at foxbusiness.com ...
P!
And China could dump it’s U.S. treasuries.
We should never have empowered China since Nixon’s visit. We’ve funded the menace they have become, we have funded their aggression in the South China Sea and their continued support of North Korea. Plus, of course, putting Americans out of work to instead employ millions of cheap Chinese laborers. What a different world we’d have today if we had not engaged them. Now, we have tremendous leverage. We should US IT!
All that would do would prove how untrustworthy China is as a trading partner. And who would not be standing in line to buy them?
Besides that, I wonder that if it's found that China gives the Norks material assistance which facilitates their belligerence then could it be considered an act of war on the part of the Chinese which could be cause for the US to cancel their treasuries.
Talk is cheap — the USA has a lot of investments in China that could be confiscated. And are we going to attack China if it is crazy enough to cut the N. Koreans more slack?
“And China could dump it’s U.S. treasuries.”
Only if there are buyers for them.
L
Old quote from Lenin -- "The capitalists will sell us the rope with which we will hang them."
Free Trade is a misnomer. Economics is always an extension of politics. The marketplace has tremendous value -- but nation states must always be cognizant of the downstream effects of economic policy. If you allow a huge trade deficit with a dangerous foreign power, then you are certainly funding a menace. It's bad policy both politically and economically.
At the time Nixon opened dialog with the Chi-Coms,
it was to grow a middle class in China that would help purchase American goods.
So, how’d that work out?
And the Fed simply buys those with funny money and hands China a rubbery check.
Fox reporting the norks moved two anti-ship missiles to a boat??? Something like that?
We are China’s largest single country customer, but, we are only 18.3% of their total exports.
http://www.worldstopexports.com/chinas-top-import-partners/
However, the US does have sizable influence in the banking system. Perhaps threats of this were hinted at: China went along with the Security Council Resolution on NK this time. This was touted as a “big win” for Trump on the 10 pm News I happened to be watching earlier. (NBC report on local newscast — will someone @ NBC get fired?)
China exports to many countries, but also imports from them a lot. If U.S. export is shut off, the impact is will be devastating.
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