Yellen is in China trying to sell her snake oil, ie China must buy more American Treasury Bills. It is good for China to do so. And China must also not sell its holding of American Treasury Bills. They are good for China and the Americans would be very kind and grateful to China for helping the Americans from bankruptcy. Trust the Americans, trust Yellen, trust Biden.
The Americans are all very hopeful that Yellen would be able to con the stupid Chinese leaders to go on buying and keeping American Treasury Bills so that the Americans can pay for all the weapons and soldiers to fly and sail around China to threaten China and bully China, and also to prevent China from uniting with Taiwan. And also to shoot down Chinese balloons to tell the Chinese they cannot do anything about it?
The Americans seem to know that the Chinese leaders are stupid and easy to bluff. Just say a few nice words and Yellen can go home happily to tell Biden that he can call Xi a dictator again on her return. And Americans can sail and fly their warships and war planes all over China to tease China. And America can continue to sanction Chinese companies and leaders. And China could only kick their own asses for being duped again, and again and again.
Is this going to be the picture after the Yellen visit? Have the Chinese leaders learnt anything yet, or at least learnt something after Blinken's latest visit that the Americans would continue to support Taiwan's independence and sell more weapons to Taiwan to fight China? And Biden would continue to call Xi a dictator immediately after the visit to tell the Chinese how stupid they are?
What do you think? Are the Chinese leaders still suffering from the 'Stupidity has no cure' disease, would not learn, cannot learn, and would want to be stupid in front of the Americans, the whole world and the Chinese people? That the Chinese stupidity is predictable, that the Chinese can easily be conned and duped by the Americans without fail?
5 comments:
Hi All good evening,
That poor old lady Yellen be back will be YELLED by that BIDAMN OLD SCOUNDREL when she reporter that now the ex Cooks and Laundry Men are NOT be so foolish to lend them more monies for their parasites luxurious lifes.
BRICS already finalising their currency or currencies and be throwing the BRICKS on the Papuer G String G07 whi
Who claimed to be the prosperous nations.
All going to the skunks soon.
What's bruatual beautiful sights.
American standard tactics to con the Chinese.
Before a negotiation, they would attack or allege a few things, eg China is building a base in Cuba or telling ASML to stop selling lithography machine to China.
Now Yellen is in China to borrow money. So the Chinese would ask for the Americans to tell ASML to sell machine to China. Yellen said ok. So China parted with its money.
Did the American gave up anything, or did China gain anything? No. The Americans did not give up anything and the Chinese did not get anything, but parted with their money. But it looks like China gain something, that ASML is selling the machine to China.
In the first place ASML was selling, only temporary told to stop by the Americans to use it as a bargaining chip. Would the Chinese fall into this cheap trick that is being repeated over and over again, setting up a few issues that were non existence only to trade to give the Chinese the impression that they gain something, that the Americans gave way? In reality, the Americans did not give anything away.
All indications points to China not about to buy more US treasuries.
Firstly, BRICS is doing all it can to break the hold of the US$ hegemony. Why would China still want to help hold up the US$? In 2008, China had no beef with the US$ on issues, and did provide help by buying USA Treasuries of some magnitude. Fifteen years later, the situation is different, with all the BRICS countries now coming together for a specific purpose - to de-dollarise. China will not disappoint them, particularly Russia.
Secondly, with all the provocations, fabrications and accusations thrown at China over the last couple of years and getting more serious, would it be in China's best interest to be helping the USA? Knowing that helping them also means enabling the USA to continue to use its US$ hegemony to print fiat money at will, in order to keep increasing its spending on its military, that is being used to threaten and confront China?
Thirdly, apart from a trade war still ongoing, there is now a technology war of sanctions against China as well, and China is starting to push back against those sanctions and prioritising self sufficiency in all essential needs. China has sanctioned USA companies like Micron, banning certain technology outflow for national security reasons, tightening its exports of rare earth elements, dumping of USA Treasuries as well and backing Huawei's collection of royalties from USA companies making use of Huawei patents it holds in communication, a step that Huawei has never taken before.
Finally, China need not have to hold more US$ Treasuries going forward, since it has the added alternative of buying more gold instead, for a more safer investment strategy. With de-dollarisation getting more widespread, and more deals being done outside of the US$, China also does not need to hold too much US$ as a reserve, the same with all other countries now making deals outside of the US$.
The sensible thinking is that China would be unwise to continue to hold more treasuries in an effort to help the USA, since that help in 2008 has not been reciprocated, but instead turned against China. The big question is why should China want to help this time around?
Like those hollywood movies, the bully will intimidate & take the lunch, leaving the bullied terrified & without his lunch.
One day the bullied will have enough, get the courage to finally beat the bully. This is the only language the bully understand. The language of the fist hitting back.
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