Posted on 07/25/2020 5:13:20 PM PDT by BeauBo
Secretary of State Mike Pompeo, from the podium at the Richard Nixon Presidential Library and Museum in Yorba Linda, California, laid out in no uncertain terms what the administration wanted to do and how it planned to go about accomplishing its ambitious aims.
America, the secretary of state said, has effectively ditched five decades of “engagement” policy and is now embracing a policy now out of favor across the American policy establishment: regime change.
Formally, the State Department still “engages” China, Pompeo said, but “simply to demand fairness and reciprocity.” Gone are the days when American diplomats engaged China to support the Communist Party...
More importantly, Pompeo said there would be a new form of engagement. “We must also engage and empower the Chinese people—a dynamic, freedom-loving people who are completely distinct from the Chinese Communist Party,” he said. “That begins with in-person diplomacy.”...
A paradigm shift on China comes none too soon. “It’s time,” Pompeo said on Thursday, “It’s time for free nations to act.”
(Excerpt) Read more at nationalinterest.org ...
this is a very big deal and everyone should know it is not without substantial risk and cost.
It’s more likely we will have regime change.
We should get out of the regime change business.
“this is a very big deal and everyone should know it is not without substantial risk and cost.”
According to Gordon Chang in the article:
“Pompeo’s comprehensive speech caps a series of remarks that are changing American foreign policy: two addresses from Vice President Mike Pence, in October 2018 and one a year later; one from Pompeo last October; and three speeches June and this month, from National Security Advisor Robert O’Brien, FBI Director Christopher Wray, and Attorney General William Barr.
Taken together, these six pronouncements constitute today’s version of the Long Telegram of 1946 and the “X Article” of 1947, George Kennan’s paradigm-changing thoughts on the Soviet Union.”
It would have been less risk and cost if we had done what was needed before China got so strong, but the risks and costs will be even higher, the longer the communists are allowed to build their strength, and undermine ours.
Without the USA, no other Nation would likely be able to save humanity from the Orwellian fate that the ChiComs are preparing to impose.
Without President Trump, the USA would be unlikely to do it either.
You are right on all counts.
But only fools think this is going to be easy.
Largest Floods in Chinese History Wiped Out the Country’s Food & Grain Supply
The CCP is holding onto power by their fingertips at this point.
Because we've been so successful with it in the past?
Please watch and post viral.
This Yugoslavian Woman Issues A Warning She Wants All Americans To Hear.
Warning To America
https://www.youtube.com/watch?v=ixBsVodyJP0
Your program is impractical. Where are electronics manufacturers supposed to purchase resistors? Or capacitors? They’re all made in China now. Until an American manufacturer, like Kemet, who used to manufacture capacitors in the United States, begins doing so again, we have very little raw materials for electronics made here in the United States.
“Voice of America is about to get a bump.”
VOA just had a regime change.
As opposed to the success of “engagement” policy with China? With North Korea?
The objective is to achieve a communist regime change. In the process if he must refer to peasants as dynamic freedom loving people, it’s a small price to pay.
The Mao Dynasty is hanging on by its fingernails and is losing the Mandate of heaven and yes, the atheistic Communists are affected by that because the population is. Five thousand year old traditions do not die with a change of regimes, especially when the Mao Dynasty is not really very different from previous dynasties.
“only fools think this is going to be easy.”
The COVID out of China has been massively expensive so far. I’d say trillions.
I would expect that they have had some hand in the rioting.
I’d also expect that they will try some other disruption to effect the election - President Trump is an existential threat to communist Party rule (as is America).
Some have speculated that China did the numbers, analyzed their Intel on Foreign intent, and knows that its wealth, power and influence are likely higher now then they will be for a long time to come. They are looking at many years of relative decline - so they seek to consolidate some strategic goals (like controlling Hong Kong) before their opportunities wither away. That’s dangerous.
Demographics (because of the one child policy) has turned against them. They will be fighting the drag of that tide for 20 years. Their debt is unsustainable, and a Lehman Brothers moment is likely nearing.
US actions are all teed up to drop tariffs on the other half of China’s exports to the US, crushing the electronics industry in the Pearl River Delta. Likewise the wheels are already in motion to end the convertibility of the Hong Kong Dollar. Combined, those actions will starve them of hard currency for the oil, food and minerals they need to import. Those hard blows will likely hit in the first few quarters after President Trump’s re-election, and deplete their foreign currency reserves before that second term is up (maybe much sooner).
Everyone (except the Party elites) are going to have to tighten their belts, and lower their sights for several years.
And that is kind of a best case, where everything remains managed (a controlled landing), and nothing breaks in a crash - like the currency, stocks, banks, real estate, business bankruptcies, or unemployment. One crash could set off others.
Things are economically already much worse than the young adults have ever seen, having grown up in 25 years of continuous boom times, but their risks have grown greater still, with International supply chains starting to stampede out of China, big crop failures from the flooding, and COVID.
So they are facing much greater pressure than most have ever known - they could take desperate actions.
Not “regime change” at all.
Very unhelpful characterization.
Just serious “behavior change”. Which has never been seen before.
“Food supplies wiped out in China.”
After welshing on their trade deal commitments to buy more from American Farmers all year, China has suddenly started dropping big orders in the last couple of weeks.
Sometimes karma ripens very quickly.
Tell them we started negotiations with another buyer
and we’ll get back to them after we see how that goes.
brave girl, please share:
This Yugoslavian Woman Issues A Warning She Wants All Americans To Hear.
https://www.youtube.com/watch?v=ixBsVodyJP0
“Where are electronics manufacturers supposed to purchase resistors? Or capacitors? They’re all made in China now.”
Not the first time that this question has been asked. Planning has been underway for years.
President Trump began rotating business leaders through the White House his first week in office, telling them that tariffs were coming, and that supply chains would need to get of China - for National security reasons, and for their own financial security as well. There had to be a de-coupling of our economies.
So preparatory lead times started then. Of course, many did not take on the effort and expense in earnest, until the tariffs really started dropping, but they were looking at options.
One thing after another, after another, has kept driving the business community to take greater urgency to prepare alternatives to China for supply. COVID might be the biggest of them all.
The tariffs are determinative however. 25% basically does it, but both the President and Commerce Secretary Ross have said that the number will be dialed up as needed. They have already done that for targeted products (those China was currently targeting in their rolling takeover) - 200% and 300% tariffs in some cases. That settles the sourcing question with China.
The tariffs were strategically rolled out like clockwork, one category of products after another, generally in increments (10% initially, up to 25% in the next quarter or half).
Half of Chinese exports to the USA have already received their 25% tariffs, and those are moving out from China. A lot of analysis went into what could, should, or had to come out; before other things could should or had to come out.
The other half of Chinese exports (not yet subject to big tariffs), includes the bulk of their electronics industry in Shenzhen and the Greater Pearl River Delta megalopolis. That is the last great category - the crown jewel (there’s also some “Walmart”-type finished consumer goods). The administration has been holding fire on this package of tariffs (which are all prepared, to drop on order), to give companies a feasible opportunity to relocate - that is, to minimize the cost and pain to American companies and consumers. It just took longer with these complex products, and that industry was dear to the communist leadership (who prize having a pervasive Global spy network), so it’s threat retained some effective policy leverage over the communists.
Apple’s main supplier, Foxconn, has been ramping up their capacity at their facilities in other countries, like Vietnam, India and Indonesia to take the load. One approach, is that almost all new production lines for new models, have been established outside of China for the last few years (except for the product expected to be sold in China).
The Japanese pulled out of the biggest single production facility in Shenzhen (for screens), only weeks before it was to start work, before the COVID crisis. Since COVID, Japan has announced a big subsidy package, to pay its firms relocation expenses, to move out of China. The Korean Chaebol have been pulling out from China Wholesale. India is in the midst of taking major action, as is the Anglosphere (Five Eyes partners) The UK, Canada, Australia and New Zealand.
The major trade deal re-negotiations to replace NAFTA (USMCA), and with the EU, Japan and Korea; all went very rapidly by historical standards, in part because a common theme was to take business from China, and split it between the parties.
A lot of the production from China will go to other low cost producers (who have been scrambling to build capacity and infrastructure to handle it), rather than come to the USA itself. Most of it will come from diverse sources, because no other country is big enough for it all (India is a big winner, but unable to absorb that much yet).
I don’t know who will be making the commodity resistors and capacitors and such, but the World-class best people in the field for sourcing those items (like Foxconn) have been working it hard for the last few years. They should be able to work something out, especially with so many Governments willingly stepping up to subsidize the relocation of products identified as essential (like we did with rare earth metals, and are now starting to do for pharmaceuticals).
I just don’t see how the Global financiers, the companies who specialize in the field, and all the interested Governments would miss those fundamental components of the electronics supply chain, when the electronics industry is probably the crown jewel of what is up for grabs, in the Great Decoupling from communist China.
Excellent video, thanks for the link. Amazing how much the sun affects the climate. I’ve been telling people for years now to get ready, that we are heading for 30 years of cooling, which will eventually affect food production here in the U.S. Hopefully not as bad as what China is going through, but nothing is certain when dealing with Mother Nature.
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