Wednesday, September 15, 2010

China's Imports Growing

It all depends on what China is importing, and in this case it seems to be raw materials.  Trade wars turn into bloody wars, and the USA is threatening trade wars with China.  The Chinese are making efforts to window dress that of which we complain.

It is one thing to harm ourselves with silly economic policy, it's another to drag other countries into a fight.  A fight with China does allow the powers that be to change the topic from their mismanagement, and I imagine China is fast unloading those 2.5 trillion in bonds as payment for raw materials worldwide.

China is taking the steps USA took to become a superpower, of which war was a critical step.  It does not have to be that way, but war helps the powers that be in USA, and that is why we have continuous war in middle east.

People assess the impact of a trade war, without assessing the impact of a war that would follow.  If that is considered, then China has the advantage.  Taking on China would be equal to 300 Iraqs, and 8 years in, we are still fighting there.  And against China, we would have fewer friends than in our war against Iraq.    We ought not start something we cannot finish, let alone win. There is a better way.


0 comments: