'The Biden administration intensified its war on China last week when it detonated a thermonuclear bomb at the heart of Beijing’s booming technology industry. In an effort to block China’s access to crucial semiconductor technology, Team Biden announced onerous new export rules aimed at a “comprehensive supply cut-off” of essential semiconductor technology which– according to one analyst– led to an “immediate operations paralysis.”
'Naturally, the Chinese government was blindsided by the draconian new rules which include “all Chinese advanced computing chip design companies” and will undoubtedly “ensure the elimination of all American products and technologies from the entire ecosystem.” The new sanctions regime will likely inflict significant damage on China’s thriving technology industry while causing considerable harm to US partners who were not consulted on the matter. '
'Biden’s onerous new export rules fit perfectly within this broader strategy of persistent confrontation and hostility. It also jibes with the oft-repeated neoconservative view that there is “no hope of coexistence with China as long as the Communist Party governs the country.” So, once again, we can see that the administration’s attacks on China are not merely designed to “contain” Chinese development but are also aimed at regime change. We believe that the recent ratcheting up of Biden’s Tech War has nothing to do with national security concerns (like “still-emerging fields of artificial intelligence and quantum computing”) but is actually another desperate attempt to preserve Washington’s loosening grip on global power.'
'At worst, the damage to China’s economy is likely to be temporary… But the impact of the incipient depression in the Western semiconductor industry may well do permanent harm.'
Full article at:
https://www.unz.com/mwhitney/bidens-tech-war-goes-nuclear/
Anonymous
12 comments:
This is an expected step that Washington would have taken some time ago. Howver, Joker Biden’s sudden announcement of such nature has left much to be desired.
What does it mean to China and her dependent companies (either way)?
This means a big setback to China's planned progress in chip technology and other auxiliary progress, albeit temporary.
It's also a big setback for all the chip-related organisations. But all it not loss. It will take about 3 to 6 months for the supply chains to be re-establish again.
From this critical lesson, China will have to learn NEVER TO TRUST THE EVIL ๐ USA AGAIN!
Also, as tit-for-tat, China MUST NOW banned all exports of RARE EARTH to the EVIL ๐ USA IMMEDIATELY!
The biggest chip market is China. The Americans are killing all the chip manufacturers and designers and many of these are American companies. This is like sanctioning Russia to kill European countries.
Many of the American chip companies are going to go bankrupt or downsize or quietly continue to trade with China.
Can you imagine if Singapore were to stop Chinese ships from using Tuas port? Who would suffer most?
That is the USA's modus operandi. Where they cannot compete, they sabotage using sanctions, threats and terrorist tactics. Against China, they have used trade war, COVID19 and now using technological sanctions to stifle China. They have no guts to take up the challenge and compete.
Nord Steam 2 was sanctioned right from the start, with those Europeans involved being warned and they had to pull out of the project. Fact is, Russia was able to complete the pipelines itself. That is a big lingering threat to USA's intention to cut the energy link between Russia and Europe, and when asked earlier how the USA can hope to stop Russian energy flow to Europe with the Nord Stream 2 pipeline already completed, Biden told them, in no uncertain terms, that the USA have a way of doing that. Well, does that answer the question of who blew up the pipeline a month ago?
When the USA and colluders blew up the Nord Stream 1 & 2 pipelines on 26th September, 2022, nothing is more co-incidental that leaders of Norway, Poland and Denmark had, the next day, choosen to launch their Baltic Gas pipeline on 27th September, 2022. Blinken, in fact, gloated that this was an opportunity for other countries and they did take the opportunity. And why did the ex Polish Foreign Minister tweeted the 'Thank You USA' message immediately after the explosions, even showing the picture of the pipeline explosion? The sabotage of the Nord Stream pipeline were carried out in the offshore areas of Denmark and Poland. Think about all the co-incidences and self defeating messages!
Russia, the owners of the two pipelines, was not even allowed to participate in the investigation into the explosions, and that supports another theory that Sweden, that conducted the investigation, was pressured to stop the Russians from getting to the evidence that will reveal the real culprit.
Adding further to the hidden pressure on the Swedes, is their hidden fear of releasing the findings. The Swedes are saying that revealing the findings will jeopardise their security.
Now, think about this. If the findings reveal that it was the Russians themselves blowing up their own pipelines, would Sweden not reveal it for the USA and the West to use that evidence to capitalise on their anti-Russian rhetorics and demonisation? They never will miss an opportunity to make hay while the sun shines. Even leaders like Putin, Xi and Kim not appearing for a short spell, makes the MSM run amok with lurid tales of their health and fate. How pathetic!
On the other hand, if the Swedes now know it was the USA and it's colluders that did it, does it makes sense that they are fearful of revealing that? Think about it and think hard!
This is how evil the Americans are and now so open in destroying anything in their path. Teh Europeans knew who did it but dare not say it, dare not offend the American monster for fear of being assassinated or removed.
The rogue behaviour of the Americans are so glaring, so Satanic. But many silly unthinking people still refuse to see the devil in them.
Only God can destroy this evil Empire and God is doing it NOW while other men could not do anything about it.
Just watch how the Americans would be burnt in the Sea of Fire, but not before they burn down Europe.
These are obviously the last days of the Brits as a country. Now they are scrapping the bottom of the barrel and digging out a piece of discarded shit as their best man to be the PM again.
What about Rishi Sunak? Not a chance in racist UK. No matter how smart Sunak is, UK is a white man's land. They would opt for a piece of white shit than a smart Indian to be their PM.
Between Liz Truss and Sunak, many people had already predicted that Liz Truss will become the PM.
What happened behind the closed doors of the Conservative Party is different from polling numbers released to the public. Many already betted on Liz Truss taking over from Johnson months ago.
The Brits are a racist nation throughout history and will not tolerate an Indian leading the country. That is a given, whatever spin can be made about Sunak becoming the first non white PM of the UK. Forget it! He may, like Kwasi Kwarteng, still be around to become another scapegoat chancellor for the Whites, should they need one. The Brits are running out of chancellors to appoint anyway.
The coming gameover for US Empire:
'The USA has depleted all its economically viable sources of oil and gas, all its remaining sources have woefully low EROI and hence are super costly (energy wise and hence price wise) to extract, process and transport. Fracked shale oil is nothing like crude oil, it has the API index and volatility of paint thinner, which is why the trains used to transport it are called “bomb” trains. You cannot make diesel, the indispensable workhorse fuel, from fracked shale oil.
Russia, along with the Caspian area, has in aggregate gone past the peak of oil production, with declining EROI (with only a few fields pre-Peak eg Kashagan). However compared with the USA, the Eurasian oil and gas sources have a far higher EROI, which is IMPOSSIBLE for the US to economically compete with. The fact the the USA is now depleted of easy, cheap oil is the reason they are now stealing oil from Syria and also why they hijacked several Iranian oil tankers. Pipeline terrorism was the only way the US could sell uneconomic LNG to Europe, just as provoking a war was the only way the US could “sell” their obsolete old ordnance to Europe. Dirty tricks and devious skulduggery is how the US “free market” and “rule based order” operates, indeed how it has always operated.
The US financial sector: It was the drug crazed dream of the USA that sanctioning Russia would cause Russia to economically collapse which would then spur a coup d’etat against Putin. This goal backfired spectacularly after Russia demanded energy payments in Rubles, which caused the Ruble to appreciate beyond all expectations. Sanctioning Russia’s fossil fuel exports only caused the European and global price of oil and especially natural gas to skyrocket, leading to a huge financial windfall for Russia, which by now has largely compensated for the US theft of $300 billion of Russia’s foreign reserves. In times of global uncertainty, many nations move their financial assets into US treasury bonds / securities as a default “safe haven” which has kept the US dollar value afloat so far. However those nations now also realize that their savings could be arbitrarily stolen at any time by the US “rules based order”, hence they are figuring out ways to shift their reserves. At present the European currencies have fallen against the USD, primarily as a result of their own energy sanctions against Russia which has caused the recession of their own economies. The European industrial sectors are poised to collapse from energy starvation. Once the BRICS+ currency arrangements and financial systems, which bypass the USD, get up and running, there will be massive flight of away from US bonds and securities and the massive international repatriation of US dollars back to the US, which will result in hyperinflation and devaluation of the US dollar, resulting in their inability to afford any imports. Along with the deindustrialised condition of the USA, resulting in no significant domestic manufacturing, that all spells extreme poverty for “Exceptionalistan”.
In summary: any initial hopes by the US banking/financial sector that they might benefit from the Ukrainian war have at best resulted in the USD remaining neutral so far, but will inevitably lead to the accelerated collapse of the USD.
CONCLUSION: The USA is screwed. Get over it.'
Full article:
http://thesaker.is/cui-bono-the-big-picture/
The USA financial sector did benefit after the destruction of countries during WW2. The USA, other than Hawaii, suffered no damage and destruction on the mainland and therefore had the financial resources to help rebuild countries worldwide, with Europe in particular. That has been the beholden factor behind the USA's control of Europe and the continued survival of NATO.
This time, the USA is not in the same position as WW2. It is vulnerable, in financial stability, logistics and bargaining position vis a vis Russia and China together. But it cannot show it's vulnerability directly. It has to resort to propaganda, demonisation and threats to show it's poodles it is still top dog.
The Ukraine war did contribute to financial benefits for their USA's energy sector, but all at the expense of Europe. It will not last as Europeans know that the price charged by USA energy exporters are not sustainable for their Industries and public pockets. The sanctions on Russia are wavering and protest are already erupting all over Europe.
Almost half of young Americans use marijuana
Consumption in the US may have hit an all-time high, federal data shows
Almost half of young Americans use marijuana
More than two-fifths of young Americans report using marijuana ‘on occasion’, according to federal data published earlier this year. With nearly half of adults saying they’ve tried the drug, and the Biden administration’s announcement of a blanket pardon for those convicted of possessing it, reversing decades of federal prohibition, cannabis is finding unprecedented acceptance in a country that once exported its ‘war on drugs’ around the globe.
Cannabis use has reached an all-time high in the US, with a 2021 Gallup poll showing 49% of American adults had tried it in their lifetimes, and that number is only expected to grow. Around 43% of men and 42% of women between 19 and 30 have used it in the past 12 months. In Vermont, which has long allowed medical cannabis use but just legalized it for recreational use this month, there are more users than abstainers under 30.
This is the best news that finally happened after more than 150 years when the white men drugged the Chinese people by forcing opium on them. Now karma is working nicely to return the favour to the white men in America. No one is forcing it on them. They legalised it and chose to have it themselves. There is no one to be blame.
One fine day, they will blame their drug problem on the Chinese. They always have to blame someone for their ills. China is the best scapegoat for that now. LOL
Then they and their poodles will shout - 'China drugged us, China drugged us. ICC, UN and Human Rights must investigate. Down with China, down with China. Sanction China, sanction China', and the dogs will jump up and down like a clown and bark day and night. ALOL
By the way 'A' means again.
They are already blaming China for fetanyl for the death of the homeless in the streets of New York and LA.
Hahaha
Just look at the cirus in Washington, now performing the coup de grace on Trump.
They are trading blames against each other. Trump now dragging Obama into the circus of performing clowns.
Hunter Biden's laptop story seems to have taken a back seat. It is all about Trump.
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