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Thursday, April 20, 2023

Gordon Chang Commentary: It’s Time to Bankrupt China

“We are probably not going to be able to do anything to stop, slow down, disrupt, interdict, or destroy the Chinese nuclear development program that they have projected out over the next 10 to 20 years,” said Chairman of the Joint Chiefs of Staff General Mark Milley on March 29 at a hearing of the House Armed Services Committee. “They’re going to do that in accordance with their own plan.”

Milley is wrong about China’s nuclear weapons ambitions. He is, unfortunately, expressing the same pessimism that pervaded the Nixon, Ford and Carter years, when the American foreign policy establishment took the Soviet Union as a given and therefore promoted détente.

18 comments:

  1. Milley should just keep trying to understand his "white rage". What a passive imbecile, and he's a traitor.

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    1. He probably wears shorts, too.

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    2. I can't let you associate men who wear shorts with this commie. Many good military units of several nations wore shorts during service in Africa, the Middle East and Pacific Theaters. As with many things, it is the man inside the costume.

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  2. Gordon Chang needs to wake up. The politicians don't care about the United States.
    They are bankrupting US.

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  3. China is going to wither away very soon due to demographics. China is no longer a threat

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    1. A drowning man is one of the most dangerous creature in the sea, willing to pull everyone around him down in order to stay head-above the water.

      Same with the ChiComs. They are in the same boat as Russia and we're seeing a 'dying' Russia flail around and pulling everyone around them down with them.

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    2. From a demographic perspective, most of the developed world is in for a shit show over the next 30 to 50 years due to population collapse. It's not just the extremely low Fertility rates, but also population age distribution. Quite a few countries are beyond the point of recovery.

      The drowning man taking others with him is an apt analogy. China is pretty vulnerable since they import so much of their energy and food. Might be why they've been starting to horde it over the last 6 months.

      The question is can they field a deep water navy faster than the population ages out?

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    3. Anon 11:50am,
      Agreed.
      The chinese are incompetent mimics.
      The chinese are incapable of independent thought.
      Their dams collapse, their bankers are thieves, their ships capsize, their bureaucrats are self-interested nincompoops, their cities are smog-fests choking their residents.
      Imagine American democrats in democrat cities, but worse.
      The chinese are zero threat to anybody except the chinese.

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  4. Miley is as competent as Biden.

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  5. This is why China is trying to the get that One Belt One Road built. It will link China overland to Europe. China's main source of revenue is the USA, so it doesn't hurt to diversify its customer base. Therefore, the war in Ukraine delays this construction from happening. Unfortunately, to make the bankruptcy occur--the US will have to stop buying stuff from China--which the bought and paid for US politicians won't allow.

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  6. It is not just the demographics, they have a deep and wide culture of official corruption that makes the Bidens look honest. They are run by an autocrat that doesn't want to hear bad news, so he won't until it is too late. The only country that prints more fake money than the US is China by 2 to 3 times. They may crash the US dollar, but what will they survive on when their biggest market is gone?
    Internally they just keep pumping more money into the zombie housing market.

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  7. The Chinese population has started to decline already. The 'one child policy' of the past 40 years means there are not enough working age people to support the retirees and it will only get worse. The Chinese economy is a house of cards, dependent upon imported oil and food, and anything the CCP says is probably a lie.
    The West needs someone to imitate Reagan "Here's my strategy on the cold war. We win, they lose."
    Sadly, there is no such leader in the West.
    Al_in_Ottawa

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  8. Bankrupt them? Once the PetroYuan is in firmly in place, they will have the ability to print as much cash as they need. It's the US Fed that's in trouble, as the PetroDollar is dead.

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  9. Americans are in love with cheap crap from China. Literally funding the enemy. But it the us attempts to sanction China they'll cut off the chemicals they supply for the manufacture of the prescription meds so many Americans rely on. It'd only take a few weeks to spike the death rate and create a wave of mental health incidents that make current shootings seem minor.
    As for the above comment on Russia, really? Russia is the closest thing to an autarky on the planet. Unlike the US, with a trillion $ trade deficit and $31 trillion in debt, debt that exceeds it's GDP, Russia has minimal national debt and a trade surplus. It is also home to a big chunk of natural resources that other nations desperately need. At this point I'd wager they will last longer than the USA.

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  10. Xi ji ping sounds like a bullet ricochet

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  11. Bankrupting only works if they are using dollars, which they clearly are moving away from. Reagan could do that because he had a strong dollar. We don't any longer. We've been exporting inflation to the rest of the world, basically bullying them with our spending and the debasing of the dollar. We all know inflation is through the roof. How do you think other countries feel about the dollars they hold losing value geometrically? So many are shedding them. I think Biden seizing Russian assets, like dollars, then talking about using them (basically stealing) woke a lot of countries up, especially China and Saudi Arabia, who hold a ton of our paper. Chang here doesn't notice how they are basically moving most of the world to an alternate trade system. Basically, the "Full faith and credit" of uncle sam is done for in a lot of countries.

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  12. Wait, wait! Lemme grab my Cristopher Walken meme. Here it is,

    "Needs more sanctions!"

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