What China leveraged on is based on years of studying
issues and weighing its usefulness or potential sucess. China invested
in rare earth processing, building up its refining infrastructures years
before semiconductors even started playing centre stage in global
technology development. China started securing basic raw materials for
its EV industry, years before embarking on its road to concentrate on
EVs. Those are just basic examples.
What the USA leveraged on is
based on conjecture coming out of thin air and based on immediate
gratification, using force, sanctions and threats as their weapon. And
its modus operandi is using allies as cannon fodder when it comes to
countering Russia and China. How much success have they garnered in
their sanctions on Russia? How much success are they reaping setting up
the oil caps?
Morever, over the longer term, how much success
have their sanctions been working against Cuba or North Korea for more
than half a century? Both are still standing and uncollapsible, with
North Korea even becoming a nuclear power and producing weapons for sale
to Russia. Sanctions only serves to make them even more determined to
stand up against the USA. It is said that the more the USA tried to put
countries down, the more hardened is their resolve to survive. It is the
same with Russia and it will be the same with China, if it comes
around. Russia will end up stronger, which it already is compared to the
EU, the cannon fodder of the USA. Japan and South Korea are also in the
same shoes as the EU supporting the USA in its tech war against China
and now suffering economically.
Anonymous
1 comment:
Let us wait and see how Japan solves its Yen problem that is descending into the sewers. The same with the EU and the UK.
Within this month, the Yen will probably go beyond the psychological 150 yen to the US$.
All indications are the Japanese will have to sell more of its holdings of US$ treasuries to prop up the Yen. Not that the Japs are not doing the propping now. They are.
And the IMF is telling the Japs that the falling Yen is a structural problem, not a foreign exhange problem. What about the falling value of other currencies all round the world? The fact is all are foreign exchange problems resulting from the US$ squeeze.
Post a Comment