- Barack Obama Apology Tour – 2008 Barack traveled to China (and everywhere else) and apologized for the United States, bowing, scraping and behaved generally as a pot licking mutt. China saw immediate weakness and has screwed us three ways from Sunday as a result. They built up their military and expanded into Africa, Pakistan, Thailand and took “ownership” of the South China Sea and a portion of the East China Sea.
- Barack Obama Pivot Toward Asia – 2012 A half-hearted effort to pretend to care what China was up to, sending the strongest possible signal that the US didn’t care what China did. (more here)
- Hillary Clinton – prematurely anointed US President – 2016 The US through the corrupt, elite, media sent the message that the Chinese interpreted as being that the superbly buy-able Clinton (a lesbian with bad hygiene) was for sale (at a higher price than before) and was taking discounted donations in 2016 to the Clinton Foundation (“a force for good”… of Hillary and Bill) but advised China and others that the price would go up in 2017.
- Donald J. Trump Elected – 2016 It’s these sorts of surprises that the Chinese can’t account for. President Trump wasn’t supposed to win, but he did and Hillary had to return $7 million in fireworks (purchased from a Chinese company). I’m sure that the Chinese fireworks company demanded a re-stocking fee.
A number of pundits are joyfully and enthusiastically predicting China’s downfall in 2017 as the Chinese national debt is rising at an unsustainable rate.
The lowest platonic classes, the laboring classes, are unbalanced in the sense that greed and foolishness rule these people, therefore they can, and should, be used as lowly paid slaves to the betterment of the whole. The savings they accumulate are controlled and directed as the mandarins see fit. By plowing enormous amounts of savings back into the system, the economy, as measured by GDP, “grows” and the mandarins can point to all wonders they are able to create.
There is a great downside to this system though. The hapless laboring classes cannot afford to live the life their output from production would suggest they should. Since the mandarins set both wages and return on savings, a mismatch is created between domestic purchasing power and domestic output.
|An old fashioned view of China|
China has been able to manipulate the value of its currency exchange rates (note their financial crisis of 2008-9) so far, but even with that, there are deflation issues as the economy begins to stall. The enormous amount of waste embedded in the system as a result of years of inflationary policies has left the Chinese economy riddled with bad debt and probably trillions in non-performing loans. Based on my personal view of things it will be MANY trillions in non-performing loans that will eventually need to be written off no matter how optimistic the bookkeepers want to be. The Chinese shadow system of accounting works inside the country but when exposed to (prying) foreign eyes, it doesn’t do as well.
The question for the Trump Administration is whether the Chinese will double down on their current foreign expansion into Africa, Pakistan, Thailand in an attempt to use those foreign markets to try and “fix” the internal system that is in danger. Would Chinese leaders resort to an invasion of Taiwan to take the national focus off the damage to they are doing to their national economy? Actions like that one are not exactly novel on the world stage, are they?
Invading someplace like Pakistan is less likely because – who would want it? They own the part that then want right now and the Paks are at their service.
Invading Thailand wouldn’t be productive either because the Chaozhou Chinese have run Thailand since 1957, and I’m not talking conspiracy theory. (Ethnic Chazhou with Thai names)
Chaozhou (Chinese: 潮州), alternatively transliterated as Chiuchow, Chaochow, or Teochew, is a city in the eastern Guangdong province of the China. … Along with Shantou and Jieyang, Chaozhou is part of the Chaoshan region.
Invading Japan would invite a US Navy response that would likely include Australia and would set the East ablaze.
Conclusion: The Chinese don’t trust us and we should not trust them, but we can do business with them. That’s called “thinking like a chinaman”.