06-07-2016, 08:59 AM
(06-07-2016, 08:12 AM)pbrower2a Wrote:(05-17-2016, 12:34 PM)Cynic Hero Wrote: As I mentioned before an unspoken reason for trump's policies is our entire economy's dependence on petrodollars. Because of this, the saudis, the russians or the chinese can simply cut of our oil (in the case of the saudis) or shift the world's reserve currency to something other than the dollar (in the case of China and Russia). If That occurs the US economy would immediately crumble and we would be reduced to a pre-industrial subsistence economy practically overnight. Zerohedge has published many articles explaining how this process would come about.
The Chinese can decide at a moment's notice, and at their convenience, that all dealings with business in China will be made in the yuan.
They are onto something: people throughout the world are placid because of cheap manufactured goods, especially entertainment devices, from China. Like them or not for their domestic politics, one can't deny that they are smart enough to know how to hurt us at a time of their choosing and convenience.
I am concerned about China long term( ~20 years out) as they continue to develop on military front. However, in the near term we seem to be mutually interdependent in terms of trade. China has internal struggles and cannot afford to end exports to the USA. Also, there has been some migration of production out of China.
The question becomes: when does one want to start a trade war or a military war?
I hope that the US maintains a military strong enough to deter military action.
… whatever is true, whatever is honorable, whatever is just, whatever is pure, whatever is lovely, whatever is commendable, if there is any excellence, if there is anything worthy of praise, think about these things. Phil 4:8 (ESV)