China engaging in war mongering will end up being hated
like the USA in the eyes of the rest of the peace-loving world, the
Global South. Wars have been forced upon them in the past and they are
sick and tired of all the destruction like in Vietnam, Afghanistan and
now in Ukraine and Gaza. Destruction favors the USA as rebuilding needs
the financing of the IMF and World Bank, all controlled by the USA and
the West.
That was how the USA rose to prominence after WW2. The
USA suffered little damage, save for Hawaii and was therefore spared
all the rebuilding and had the means to provide aid to those the war
destroyed.
Moreover, with the US$ hegemony, the USA can afford to
fund all the wars around the world, which China is not privy to. China
has learned its lesson from the collapse of the Soviet Union. Then, the
Soviet Union was competing with the USA in military spending which
bankrupted the country. The USA had all the advantage of free money
printing which the Soviet Union does not have. Bankruptcy was the result
and breaking up was the consequence.
China understood the
consequence and instead went on the de-dollarization offensive together
with Russia, rather than taking the bait for a military solution, which
might destroy China.
De-dollarization is as effective as a
military solution without all the destruction or even the extinction of
humans. Without de-dollarization, a military solution is only temporary,
as the USA still retains the privilege of free money printing to
support its war mongering ideal.
Anonymous
1 comment:
China must never ever enter into the reconstruction of Ukraine. Let the IMF and World Bank do all the financing. Ukraine is in no position to repay any reconstruction financing, knowing its liability accumulated through its weapons sourced from the West, and Ukraine can only end up in a debt trap.
The USA and the West are attempting to use the assets seized from Russia to fund the reconstruction of Ukraine. Well, Russia is now seizing USA and Western assets in Russia to use as collateral against its assets seized by the West. China will be able to do the same if the USA and the West tries the same trick in times of conflict. What is sauce for the goose is also sauce for the gander.
China is selling off its USA assets and treasuries fast and furious and pulling out its investments in USA and EU. De-dollarization is working well for China and Investing in the BRI is one avenue that had been ongoing for decades and being used successfully by China, instead of using its US$ trade surpluses to invest in treasuries and other US$ assets.
Funding infrastructures in the BRI is a masterstroke by China, using this as an avenue to recycle the trade surpluses it accumulated instead of investing them in very unsafe investments that benefits the USA and Europe. China should thank the USA and EU for assisting its de-dollarization move to divests its footprints in the USA and Europe. As I said many times before, there are so many safer opportunities for China now to invest in the Global South countries, like Mexico, Brazil and Africa among others.
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