...with the Big Guy getting his 10%
Posted on 10/12/2021 4:37:59 AM PDT by Kaslin
With each passing week, it looks like World War III -- between America and China -- is coming sooner than we think. It's not going to be fought with bullets or aircraft carriers, although the Chinese are building up their military in an aggressive and threatening way.
This will more likely be an all-out economic war for global supremacy. The yuan versus the dollar. The Nasdaq versus the Shanghai Stock Exchange.
Meanwhile, America is asleep at the switch -- at least, the Biden administration is. This is the worst possible time to be raising tax rates on American companies (Our business tax rates would be higher than China's under resident Joe Biden's plan!), dismantling American energy (at a time when China is running 1,000 dirty coal plants with dozens more in construction), and running up the national debt (with China a major purchaser of the bonds).
Love Donald Trump or hate him, he was a president who put America first and recognized the predatory nature of the Chinese regime. He got tough with President Xi Jinping and overturned one-sided trade deals. His strategy was to do what former President Ronald Reagan did to win the Cold War: Make America tremendously prosperous by building up our strategic industries in a way that the Soviet Union or China couldn't compete with.
The danger is that we now have a president in Biden who thinks that climate change is a bigger threat to the world than the Maoists in Beijing.
And make no mistake about it; the communists are back in charge in China. Jinping has basically announced himself to be president for life, as democracy and free elections fly out the window. China is also sprinting back to command and control fascist government and industry "cooperation." That's a model that will eventually implode, but as we learned from the Soviet menace, they can do a lot of damage to peace and prosperity in the meantime.
It's no accident that China's economy and stock market are faltering. In the last year, as the U.S. stock market has risen by about 20% (thanks to Operation Warp Speed), China's Shanghai stock market went down 15%. They are sprinting toward socialism faster than we are... for now.
The Chinese stock market jitters reflect global investors' irritation with the more frequent political interventions in business affairs. As Foreign Affairs magazine recently put it regarding these iron-fisted interferences into the business activities of its largest companies: "Xi has placed China on a risky trajectory, one that threatens the (free market) achievements of his predecessors."
In short, events of recent months both militarily and economically confirm that the modern Maoists are firmly entrenched in Beijing, and capitalism is losing. Jinping's administration simply doesn't get what George H.W. Bush once so eloquently described as "that freedom thing." Militant social controls and restraints on individual liberty are now being matched with economic controls on Chinese megacorporations that are trying to vie for industry supremacy in technology, biology, manufacturing and transportation. Is all of this reminiscent of Japan circa 1939?
What is the Biden administration's response to these threats? The massive $5 trillion spend, tax and borrow bill he is steamrolling through Congress will impair American economic supremacy almost overnight. Under Trump, tax rate reductions led to a $1 trillion infusion of capital from around the world, coming back to these shores to build up our industrial might. Biden's tax policies will have the reverse effect: deindustrialization.
We are, as a nation, now back to importing tens of billions of dollars of energy from OPEC and Russia instead of selling the hundreds of years' worth of oil, gas and coal. Do the progressives who now run Washington really believe we are going to defeat the rising Communist China threat by building windmills? Do they think that redistributing income and wealth makes more sense than creating it?
Will we be in any economic shape to repel China's militaristic advances in the South China Sea, in India, in Africa and perhaps on to the shores of Taiwan with the policies in place in Washington today? Doubtful.
The war with China is on. Right now, only one country is fighting -- China. Let's not let another Afghanistan catastrophe happen in Asia.
Reagan was right. Strong at home. Strong abroad. Today, are we either?
Nonsense.
Mexico is 10,000X more dangerous than China - and El Salvador and Honduras are worse.
Our government wants to lose the struggle with China.
Biden’s ready to take on all comers! So is Kamala...
The actions of Traitorjoe and his Demonicrat kakistocrats (civilian and military) are helping to lose the war with China.
...with the Big Guy getting his 10%
Mexico is 10,000X more dangerous than China - and El Salvador and Honduras are worse.
I live in Colorado, so let me know if you need a refill on that pot you’re smoking.
You are quasi correct.
What many Americans are not realizing, is if we go to full economic war with China, so many South American countries have deals with China...we will be in a great deal of trouble.
The U.S. and China Are Battling for Influence in Latin Americahttps://time.com › World › China
Feb 4, 2021 — Today, China is South America’s top trading partner. In 2019, Chinese companies invested $12.8 billion in Latin America, up 16.5% from 2018, ...
China Regional Snapshot: South America - House GOP ...https://gop-foreignaffairs.house.gov › china-regional-sn...
Mar 16, 2021 — China’s increased engagement in South America began in 2008 in the middle of a commodity boom that led to increased investment in South ...
What’s Behind China’s Growing Push into Central America?https://www.americasquarterly.org › Articles
Jul 1, 2021 — This article is part of a series examining the evolving relationships between China and Latin America. For nearly 60 years, the preeminent ...
In Latin America, a Biden White House faces a rising Chinahttps://www.reuters.com › us-latam-usa-china-insight
Dec 14, 2020 — BUENOS AIRES (Reuters) - Donald Trump was clear with Latin America during his four-year administration: don’t do business with China.
The US Still Doesn’t Understand China’s Strategy in Latin ...https://thediplomat.com › 2021/09 › the-us-still-doesnt-...
Sep 8, 2021 — It’s not that China understands Latin America better than the U.S. Rather, China has a pragmatic approach that fits the profile of Latin ...
A project in El Salvador shows how China is exerting growing ...https://www.nbcnews.com › politics › national-security
Sep 4, 2021 — China is making its influence felt in Latin America and the ... East Coast, South Panama, Caribbean — I absolutely can see a future where ...
Chinese investment in Latin America prompts warnings from UShttps://www.pri.org › stories › chinas-new-silk-road-run...
Oct 6, 2020 — Many Latin American countries have joined China’s Belt and Road Initiative, including Panama. As Mexico considers whether to join, ...
This is not a “Cold War” such as the US had with the Soviet Union, but a sort of “tepid war”, fought on economic grounds and over the Internet, both the open and known one, and the “dark Web”. A lot of saber tattling and mouthed threats, but the real internecine engagement is with taking over the institutions of the rival, and subverting them to divergent national goals, that cripple the rival.
So far, China is winning that one, but at enormous cost of unrest and stagnation in their own country. The new Chinese emperor, Xi Jinping, is NOT grooming his successor.
OK class, how did Biden and his leftist admin get into office? And who thinks that was a coincidence?
Please put down that bottle. It’s too early in the morning to be so heavily into it.
You are correct. China is not a kinetic threat. The CCP is very hard at work destroying the Chicaps who are responsible for the relative freedom and prosperity of the urban citizens.
The economic competition between the USA and China may be well on it’s way to being at least temporarily curtailed. The CCP is destroying the Chinese economy to impose what was referred to as Chinese Socialism. Business is far from usual.
The largest component of the GDP is in dire straights. Large real estate developers have failed or are failing. In the process banks are or will fail as well because the paper they hold is worthless. The citizens have no trusted place to invest their prosperity dividends except real-estate and have purchased apartments from the failing developers. The purchasers took out mortgages. In numbers largely unknown, developers sold apartments before or early on or during construction. All concerned now, developers, purchasers in advance, suppliers, contractors, banks...... all are going to suffer. The consensus on the street is that the CCP, Government, will not bail them out.
Then there is Covid. We read of how many cases, deaths etc but there is no truth simply because China lacks the ability to collect data in real time and even if it did would not publish the truth. Whole cities were locked down and people prevented from leaving their homes. Students were locked in dormitories. Commerce came to a screeching halt. In China when any thing happens, millions and even tens of millions are affected. There is no way to calculate the damage
The richest man in China and one of the world’s positively great businessmen was throttled. Not killed but removed from success. His name is Jack Ma. His Alibaba offering was the largest in the history of the New York Stock exchange. Ma was a very early casualty of the CCP civil war on capitalism. I don’t know what damage that war had wrought to the center of capitalism that was Hong Kong
The world dare I say Global, business community is deserting China. Large and extremely large companies of many nationalities are or already recently have ceased operations in China. The result of the desertion of such global player on the Chinese economy has yet to be assessed. Apple, Amazon, Samsung, Siemens and such
Lastly, for the last two monsoon summers, large areas of China have been severely damaged, by floods. The floods are nothing new, inf act normal. The problem, the change is gargantuan real estate development within the ancient flood plains. Deaaths are not really counted, humans or livestock, but the numbers are certainly mis reported. Automobiles by the thousands, perhaps even tens of thousands have been flood damaged.
The world dare I say Global, business community is deserting China. Large and extremely large companies of many nationalities are or already recently have ceased operations in China. The result of the desertion of such global player on the Chinese economy has yet to be assessed
So, In my mind we do not know what is happening in China. We do know there is a civil war being lost everyday by the Chicaps and business community down to push catr vendors.
The Chinese Communist Party Organized Crime Syndicate competes with and works with The American Democrat Party Organized Crime Syndicate depending on which way benefits them most.
Real communists/socialists dream of going out to the fields in the hot sun pulling turnips with their comrades at Turnip Commune #34 and then going that evening to a stimulating meeting discussing whether chicken crap or cow crap makes the best fertilizer.
Does anyone believe that’s what Xi wants?
“Is all of this reminiscent of Japan circa 1939?” -— The author is confused. He spends most of his article worried about Chinese capitalism, and a new cold war, then brings up Japan.
Interesting statement. How do you perceive Mexico as being dangerous to us?
Good analysis. Xi does not, or will not have a successor. Either he will leave like Mao, or he will be killed.
bkmk
They attacked us with a biological weapon almost 2 years ago.
L
Judas Joe sold the USA down the river for thirty pieces of silver a long time ago. The billions of dollars the Biden family received paid for something, now the CCP is collecting.
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