Posted on 02/09/2019 5:07:50 PM PST by cba123
LIKE many Australians, I’m watching with fascinated unease at the rise of China, and the impact that an increasingly hostile dispute between it and the United States is having on the world as we know it.
Obviously, there’s not much that any of us in regional Australia can do beyond watching from the stands as the world’s two great powers face off in a trade and cyber-security battle that is also a contest between two radically different systems of human organisation.
Three months ago in November, Prime Minister Scott Morrison told reporters that “Australia doesn't have to choose and we won't choose”, when it came to picking a side in the unfolding China/US conflict.
Such blithe optimism flies in the face of reality.
(Please see full article at the link)
(Excerpt) Read more at theherald.com.au ...
Thanks, Nixon!
I was working in China way back then. Shortly after it was opened to the west.
It was completely different then.
What happened in my view, is a segment of Americans sold out our very own country.
For lack of a more pc way of describing things.
There was a very real opportunity to build China up, as a PARTNER. But nobody cared about that part, they only wanted to get rich.
Darn them all, to heck.
Ì you get my meaning...
I’m more wary of Democrats than any other threat to this nation.
If the Chinese military landed an invasion force on our beaches they would be greeted with flowers from our nutjob left led by Dianne Frankenstein. But they don’t have to waste the effort. They know they just have to wait us out.
Exactly why this happened, in my view.
Can’t have more than one threat at a time now. Right?
That’s a good article touching on a complicated history.
The more we know, the better.
See post 6. :)
Nope.
That is all paper or digital assets.
We showed what it was worth during the Obama years.
"Quantitative easing" is just another way to say we can print money to cover our debt.
They are over a barrel as well to keep trading and they have their own debt problems and employment problems there with 1.3 bilion people.
If that happened, at least the Chinese would eliminate the useful idiots.
The only plus of the whole thing.
The sad fact that everyone seems to forget is that you can’t keep the printing presses going before everyone realizes the emperor has no clothes. After the First World War Germany cranked up the presses in order to meet the war reparations forced upon them by the Versailles peace settlement. By 1921 the Deutsch Mark was so devalued that the only thing that a wheelbarrow full of money was worth was the wheelbarrow. Sooner or later skyrocketing inflation creates chaos and violence. Keep your eyes on Venezuela — Maduro’s days are numbered.
“Obviously, there’s not much that any of us in regional Australia can do beyond watching from the stands “
Oh really? You sure didn’t feel that way when we had an election in 2016 and you tried to frame up Trump as a Russian spy.
Jackasses.
Chinamen holding our debt matters less and less. 1.3 Trillion? Hell we spent 5 times that much on wars of convenience in the last 15 years.
At this point that’s little more than one year of borrowing for uncle sugar.
Hey, at least Feinstein’s driver can introduce her to the invasion force! I’m sure he’s at least a Colonel in the PLA.
I just wish we could have Norinco rifles imported again. Bush the first screwed that up. And our new AG thought it was peachy.
If they tried to sell them all at once, either the Fed would step in and print dollars to buy them up, pushing the value of the Yuan way up; or, they price of the bonds would fall, China would take a bath on its investment and we'd see a huge rise in interest rates.
Our trade deficit funds our worst enemies, both abroad an inside the USA.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.