Wow, so US isn't satisfied in sacrificing Europe for just the war in Ukraine. They want to finish their European pawns off by forcing them to start a trade war with China
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- Thread starter bd popeye
- Start date
Wow, so US isn't satisfied in sacrificing Europe for just the war in Ukraine. They want to finish their European pawns off by forcing them to start a trade war with China
plawolf
Lieutenant General
Putin must be putting his most expensive Champaign on ice just in case the Euros are truly stupid enough to do it.
Armenia seems to be in a bit of a trouble
I agree with your conclusion but your reasoning is a massive exaggeration of what US is able to do. US has more asset in China than China has in the US except the treasure bonds. Part of the bond is registered in China's name, other part is through third countries that US has difficulty to know the real owner. Any way, seizing the China's state asset is essentially a war act. China's retaliation would be turning the Chinese industrial machine into an armory for Russia, let alone Taiwan. Besides, the bond isn't as effective a blackmailing tool as you may think. Dollar and its derivative (the bond) is only valuable when it is credible (guaranteed return) and accepted in trade. Seizing Chinese ownership of the dollar bond destroys the credibility and also will force China not to accept any dollar payment for its export. Now you see how many countries in the world can afford not to live on Chinese goods? Very very few. How many countries are willing to switch to RMB for their lives, many and increasing. Paper currency is just paper, without credibility and acceptance it is just toilet paper, confiscating a toilet paper is just making the room for RMB to take over.
They're trying to rope in "friends & allies" in an alliance against China, inspired and encouraged by the sanctions against Russia re Ukraine. That's what Biden administration has been doing all along: QUAD, AUKUS, IPSEE, ..., you name it.
Let's see what the substance of the sanctions will be, and who will sign up for what.
I now wonder if Hilary got elected instead of Trump we would've seen this happen five years earlier.
Only a matter of time. You can't get away with printing money or hiking rates when the whole world is going to the dump.
Didn't some German government official cried "disconnecting from China"? Didn't German government reject VW's investment guarantee in China? It seems that German businessmen don't care so much about political idiot.
There is two kind of vote, by paper/hand, or by legs.
BASF's mega complex is certainly planned a long time ago, but I think BASF would now be extremely excited considering the raising oil and gas price in Europe.