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Originally posted by ollncasino
reply to post by TDawgRex
Make no mistake. The ordinary Chinese see the USA and the West in general as the enemy. As the Chinese will tell you, they beat the USA in Korea.
The Chinese government has been stoking nationalism for years.
Don't be too optimistic about a confrontation not escalating.
Originally posted by TDawgRex
The Governments on both sides are engaged in economic warfare, ie: business, which China seems to be winning, but are slowly losing ground again as their economy has grown so fast and is now slowing so fast that the people are starting to question their own Government. The haves-nots are getting pissed off at the haves…just like in the West.
Originally posted by OtherSideOfTheCoin
Ok I honestly mean no disrespect but I have to say this based on that last post of yours it is very clear you know nothing about China if you are underestimating the power of the CCP the way you just did.
Most oil sales throughout the world are denominated in United States dollars (USD). According to proponents of the petrodollar warfare hypothesis, because most countries rely on oil imports, they are forced to maintain large stockpiles of dollars in order to continue imports. This creates a consistent demand for USDs and upwards pressure on the USD's value, regardless of economic conditions in the United States. This in turn allegedly allows the US government to gain revenues through seignorage and by issuing bonds at lower interest rates than they otherwise would be able to. As a result the U.S. government can run higher budget deficits at a more sustainable level than can most other countries. A stronger USD also means that goods imported into the United States are relatively cheap.
Originally posted by nwtrucker
China backing their currency with gold?
The situation is deteriorating, and the USA is considering possible scenarios of a war with China, and even nuclear conflict. On January 2nd, Obama signed into law a new concept of national security, which ordered the U.S. Strategic Command (STRATCOM) by August 15th to submit a report on the underground network of tunnels in China and the U.S. capabilities to use conventional and nuclear forces to neutralize and destroy these tunnels. Director of the Nuclear Information Project at the Federation of American Scientists Hans Kristensen said that the lack of transparency in the intentions of both countries increases the risk of a war between China and the U.S. He said that the two countries are dancing a dangerous dance that increases military tension and could potentially lead to a small war in the Pacific.
Any scenario that leads to war between the two nations results in Chinese defeat. At least for the next decade or so