China is the world’s leading, and in some cases only supplier of rare earth elements that are essential to many computer and communications technologies. From Nick Giambruno at internationalman.com:
“We’re going to war in the South China Sea… There’s no doubt about that.”
Steve Bannon – previously one of President Trump’s closest political advisers – said these words shortly after Trump became president. He was referring to military conflict between China and the US… one that would likely be the biggest war since WWII.
While these words might seem like hyperbole to many, they touch on something important… arguably the biggest story for the next generation.
Watching the mainstream media circus covering Trump and China gives the impression that once the two sides reach a trade agreement, it will be back to business as usual. But that view completely misses the Big Picture…
The trade war between the US and China was always just a sideshow of a much bigger issue: Who will be the world’s dominant power?
It will be China, or it will be the US.
It can’t be both.