Category Archives: Trade

Can We Coexist with Asia’s Communists? by Patrick J. Buchanan

The US government’s relationship with the Chinese and North Korean governments has grown increasingly contentious. Are better relations possible? From Patrick J. Buchanan at buchanan.org:

Wednesday, Secretary of State Mike Pompeo met for seven hours at Hickam Air Force Base in Hawaii with the chief architect of China’s foreign policy, Yang Jiechi.

The two had much to talk about.

As The Washington Post reports, the “bitterly contentious relationship” between our two countries has “reached the lowest point in almost half a century.” Not since Nixon went to China have relations been so bad.

Early this week, Chinese and Indian soldiers fought with rocks, sticks and clubs along the Himalayan truce line that dates back to their 1962 war. Twenty Indian soldiers died, some pushed over a cliff into a freezing river in the highest-casualty battle between the Asian giants in decades.

Among the issues surely raised with Pompeo by the Chinese is the growing bipartisan vilification of China and its ruling Communist Party by U.S. politicians the closer we come to November.

The U.S. has been putting China in the dock for concealing information on the coronavirus virus until it had spread, lying about it, and then letting Wuhan residents travel to the outside world while quarantining them inside China.

In America, it has become good politics to be tough on China.

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Is War Next? by James Rickards

China is determined to squash Hong Kong, which will increase US hostility towards China. From James Rickards at dailyreckoning.com:

Remember the pro-democracy protests in Hong Kong against Chinese authoritarianism?

Well, guess what? They’re about to start again. And U.S.-Chinese relations could get even worse than they are right now.

Are you prepared for a bumpy ride?

Let’s unpack this…

Last year’s protests came in response to a proposed law that would have allowed the extradition of Hong Kong residents to Beijing for trial on charges that arose in Hong Kong.

That would have deprived Hong Kong residents of legal protections in local law and subjected prisoners to torture and summary execution.

The legislation was proposed by Hong Kong’s Chief Executive Carrie Lam, who many consider a puppet of Beijing.

The demonstrations grew exponentially, ultimately involving hundreds of thousands of protesters.

The list of demands also grew to include more democracy and freedom and adherence to Hong Kong’s rule of law.

Due to social media, these protests were seen around the world.

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Is Trump’s New Cold War Necessary? by Tom Luongo

Like his presidency, some parts of Trump’s war on China make sense, and some don’t. From Tom Luongo at tomluongo.me:

Donald Trump is winning the propaganda war against China today. But saying that doesn’t imply he either should be fighting this war or is capable of winning the real war.

What is that real war?

Retaining U.S. dominance over the flow of international capital for the next four generations.

Because that is what is at stake.

Trump’s slash and burn policies towards China have always been fraught with inconsistencies. From “trade wars are easy to win” (a lie) to the current over-reaction to COVID-19 (“the China Flu”) Trump is conflating the two main wars he is fighting into one.

Ending the Institutional Rot

The first main war he is fighting is against the globalists I call The Davos Crowd. His fundamental distrust of the post-WWII institutional architecture is at the forefront of why he deals with Europe the way he does.

Trump understands that The Davos Crowd’s goal is the cultural and economic destruction of the U.S. by creating a transnational superstate that exists as a regulatory and monetary framework built on top of the European Union.

This is why his first moves after taking office were to pull out of the Paris Accords on Climate Change and put the kibosh on the TPP and the TTIP.

It’s also why he wanted the JCPOA torn up. It had the added benefit of assisting Israel’s goals in the Middle East, but I think that is tangential to his main purpose, which was to reverse the dynamic of ceding U.S. sovereignty to Europe while they bled us dry.

Queue his complaints about NATO.

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Trump Has Won the Propaganda War With China, by Tom Luongo

Trump has convinced a majority of Americans that China is responsible for our problems, particularly our ailing economy and the coronavirus outbreak. From Tom Luongo at strategic-culture.org:

Donald Trump has finally won a war. It’s a war he’s uniquely suited to fight, a propaganda war, and he’s successfully waged it on China through his command of Western media.

Stating this doesn’t imply any kind of judgment on my part as to whether he should or should not have waged this war with China. He has and he has emerged victorious, thanks to his reframing the threat from COVID-19 as an evil Chinese plot to kill millions of people.

Now, I’m convinced that the circumstances surrounding COVID-19 were a plot by evil people to kill millions of people and usher in a bleak, authoritarian nightmare they’ve had legislation and action plans written to execute for years. I’m just not convinced it was China that was wholly behind it.

In fact, my fundamental problem with Trump’s China propaganda war vis-à-vis COVID-19 is that it lets the real culprits for how it unfolded around the world off the hook. But, ultimately, that’s a different discussion.

Today’s discussion is about where things stand between the U.S. and China and what’s on tap for the future. Why do I think Trump has won his war against China?

Simple, the numbers.

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Our Latest Sinophobia Fest, by Patrick Lawrence

It’s always tempting to blame someone else for one’s own flaws and failings. From Patrick Lawrence at consortiumnews.com:

Watch, read, and listen as Washington and its media clerks manufacture our consent for a full-dress Cold War with China.

One hundred nine years ago, one G. G. Rupert published an extraordinary book called “The Yellow Peril, or The Orient vs. The Occident as Viewed by Modern Statesmen and Ancient Prophets.” The book was a racist diatribe all dressed up as learned historical scholarship. It quickly proved a best-seller and brought Rupert, a Seventh-Day Adventist preacher in Oklahoma, a lot of money and passing fame.

With the Covid–19 virus still spreading, you have to ask how far we’ve come as a similarly befouled wave of Sinophobia now rolls in upon us. First editions of Rupert’s book fetch $900 on the used-book sites. If you have ever wondered whether our religious belief in “progress” might be nothing more than a collective self-deception enduring since the mid­–19thcentury, Rupert’s 526–page p.o.s. (as the expression goes in newsrooms) will help you along.

(Wikimedia Commons)

Spells of scapegoating paranoia such as Rupert’s have come and never quite gone since William Randolph Hearst introduced the “yellow peril” genre in his newspapers at the turn of the 20thcentury. Rupert now goes down as a foolish rube and Hearst a cynical conniver in pursuit of circulation.

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Even the EU Are a Bunch of Karens — Barnier Complains About Brexit Negotiations, by Tom Luongo

Furious whining from the EU because the British won’t do what the EU wants them to do. Maybe that’s why the British are leaving the EU. From Tom Luongo at tomluongo.me:

So, this happened. EU lead negotiator for the free trade agreement with the United Kingdom is complaining in the press again.

“The United Kingdom cannot refuse to extend the transition and at the same time slow down progress in important areas,” Barnier said, expressing concern that Britain has not presented concrete proposals for certain contentious issues, but did not name the areas, according to DPA news agency.

H/T to Fort Russ

For once someone is treating the EU the way it treats everyone else and they don’t like it. I guess Michel should change his name to Karen.

Except the problem here is there’s no manager to talk to because Prime Minister Boris Johnson isn’t listening.

The typical EU negotiations looks like this, according to former Greek Finance Minister Yanis Varoufakis.

You walk in with a well thought out proposal, present it in detail thinking it’s the beginning of a negotiation only to find they aren’t listening at all and look at you like you’ve just sung the Swedish National Anthem.

Well it looks like Boris Johnson and the Brits are treating Barnier and the EU with the same vague contempt that he and the EU treat everyone else and guess what?

Karen doesn’t like it.

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China Is Waging A New Kind Of War Against The U.S., by Gregory R. Copley

China is waging war on the US on multiple fronts. From Gregory R. Copley at oilprice.com:

Beijing made it clear in 1999 that when it went to war with the US it would be a new kind of war.

People’s Republic of China (PRC) Pres. Xi Jinping then announced in October 2018 that he had begun a “new 30 Years War” with the US.

But there seemed to be no “Pearl Harbor” moment, so the rest of the world disregarded the declaration of war. That was a mistake.

It became clear that the 2020 COVID-19-inspired “global fear pandemic” laid out the battlefield terrain and saw the opening shots emerge from the PRC in a variety of strategic formats. To be sure, COVID-19 was not itself the “Pearl Harbor moment”; it was the subsequent fear pandemic which drove down the global economy.

Beijing could not wait any longer to begin strategic operations — the new form of “total war” — if it was to survive as a global power and to assume primacy within its symbolic 30 year timeframe.

Shakespeare once noted:

“There is a tide in the affairs of men, Which taken at the flood, leads on to fortune. Omitted, all the voyage of their life is bound in shallows and in miseries. On such a full sea are we now afloat. And we must take the current when it serves, or lose our ventures.”

From Beijing’s standpoint, given that the PRC economy was already in massive decline, it was critical that the economies of its strategic rivals should also be forced into decline. That may or may not have been a planned aspect of the PRC’s COVID-19 response strategy, but it certainly was quickly adopted by Beijing.

In other words, if the PRC could not reverse its economic decline, its strategic competitiveness moving forward was critically dependent upon seeing its rivals decline commensurately, or even become crippled. It was not a race to the top; it was a race to avoid being first to the bottom.

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The European Union is Dead but Does Not Yet Know It, by Giulio Meotti

If unity was supposed the hallmark of the EU, then it most certainly is dead. From Giulio Meotti at gatestoneinstitute.org:

  • The truth is that there is no “Union”.
  • The coronavirus now has put the European Union and its comfort zone face-to-face with all its weaknesses, decadence and cowardice.
  • Another merciless battle Italy fought with the EU was for protective face-masks. France adopted a policy of requisitioning them; Germany banned their export. Those unilateral decisions undermined a much-touted EU principle: the free movement of goods in the single market.
  • As L’Express exposed, France seized four million masks belonging to a Swedish company and that had been intended, in part, for Italy and Spain.
  • When Italy and Greece were overwhelmed by migrants from the Middle East and Africa, the EU countries refused to take their “share” of migrants. Lacking a policy to stop the flow of mass immigration, Europe decided to leave the southern countries to their fate.
(Image source: iStock)

The new coronavirus appears to be tearing apart the fragile framework of the European Union.

“Europe” said the former Commission chief and a EU godfather, Jacques Delors, “is in “mortal danger“.

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The Real Reason Russia Teamed up with China…Here’s What Comes Next for American Preeminence and the Dollar, by Vladimir Pozner

The US essentially drove Russia into China’s loving arms. From Vladimir Pozner at internationalman.com:

russia and china

Editor’s Note: Vladimir Pozner is Russia’s most influential political TV talk-show host, journalist and broadcaster.

Pozner has hosted several shows on Russian television, where he has interviewed famous figures such as Hillary Clinton, Alain Delon, President Dimitri Medvedev and Sting.

Pozner has appeared on a wide range of networks, including NBC, CBS, CNN and the BBC. He has worked as a journalist, editor (Soviet Life Magazine and Sputnik Magazine) and TV and radio commentator in a long career covering many major events in Russia.

Pozner has appeared on The Phil Donahue Show and Ted Koppel’s Nightline. He has also worked for the Institute for US and Canadian Studies, a Soviet think tank.

He co-hosted a show with Phil Donahue called Pozner/Donahue. It was the first televised bi-lateral discussion (or “spacebridge”) between audiences in the Soviet Union and the US, carried via satellite.

In 1997, he returned to Moscow as an independent journalist.

Doug Casey’s friend Mark Gould sat down with Pozner in Moscow to help us better understand the relationship between the US and Russia.

International Man: Do you see a resurging Russia and a restoration of Russian Empire, or simply a national state resurgence?

Vladimir Pozner: Certainly not. Russia is not a resurging empire. There is no way it’s ever going to be an empire again.

Empires have this universal feature of disappearing forever, whether it’s ancient Rome or whether it’s the UK or whatever. Once it’s gone, it’s gone.

It’s not going to come back, and people have to come to terms with that. Russia has been an empire since the days of Peter the Great— we’re talking about the 18th century. It is used to being an empire. The Soviet Union was an empire.

The loss of an empire is painful. It’s like when you lose a leg but have phantom pains—the leg isn’t there, but it still hurts.

Well, that’s what’s going on. Psychologically, it’s difficult to accept. So, you have a certain degree of nationalism, chauvinism—and it’s part of growing out of what you were once upon a time and becoming something else.

Is that happening in Russia? Yes.

Is it painful? Yes, it’s painful. Is there a deep divide between the older generation and the younger generation? There’s always a divide, but in this case, a very deep divide.

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China Locked in Hybrid War with US, by Pepe Escobar

Is the American government waging a full-spectrum-dominance hybrid war with the US? From Pepe Escobar at consortiumnews.com:

Among the myriad, earth-shattering geopolitical effects of coronavirus, one is already graphically evident. China has re-positioned itself. For the first time since the start of Deng Xiaoping’s reforms in 1978, Beijing openly regards the U.S. as a threat, as stated a month ago by Foreign Minister Wang Yi at the Munich Security Conference during the peak of the fight against coronavirus.

Beijing is carefully, incrementally shaping the narrative that, from the beginning of the coronavirus attack, the leadership knew it was under a hybrid war attack.

The terminology of President Xi Jinping is a major clue. He said, on the record, that this was war. And, as a counter-attack, a “people’s war” had to be launched.

Moreover, he described the virus as a demon or devil. Xi is a Confucianist. Unlike some other ancient Chinese thinkers, Confucius was loath to discuss supernatural forces and judgment in the afterlife. However, in a Chinese cultural context, devil means “white devils” or “foreign devils”: guailo in Mandarin, gweilo in Cantonese. This was Xi delivering a powerful statement in code.

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