This is what the Philippine govt proposes to call what is on everyone else's map as the South China Sea. China is in a dispute with Japan over the Sekaku Islands, AKA Diaoyu Islands.
The Spratlys and Paracels are back in the news. That was a while ago, but the possibility of oil in those remote rocks is why over 50,000 Americans died in Vietnam, not to mention countless Vietnamese.
Just as USA conquered Hawaii, Guam, Truk, the Marianas, and so on along the ring of fire to protect USA interests and exploit resources, so China is now, or at least pushing USA back. Renaming the South China Sea the West Philippine Sea has obvious implications, and the Chinese are not amused.
This could be worked out as a free-trade, gun-free zone, but the economic boom born of the explosion of usury has created malinvestment, overinvestment in the form of excess production capacity, and historically the solution is a war in which the excess production capacity is lain waste.
In WWII, most of the West did without butter, gasoline, new clothes, repairs, etc for a decade as the war ground on. But almost no one on the winning side suffered like they did on the losing side. In that time the economic landscape was reordered. Forget about "survivalism" or WTSHTF, we are going to have a much more orderly, controlled destruction. We also call them World Wars.
Small businesses will be critical in this environment, for their ability to quickly meet emergency needs, and best distribute what surplus may fall off the truck, from time to time.
Feel free to forward this by email to three of your friends.
The Spratlys and Paracels are back in the news. That was a while ago, but the possibility of oil in those remote rocks is why over 50,000 Americans died in Vietnam, not to mention countless Vietnamese.
Just as USA conquered Hawaii, Guam, Truk, the Marianas, and so on along the ring of fire to protect USA interests and exploit resources, so China is now, or at least pushing USA back. Renaming the South China Sea the West Philippine Sea has obvious implications, and the Chinese are not amused.
This could be worked out as a free-trade, gun-free zone, but the economic boom born of the explosion of usury has created malinvestment, overinvestment in the form of excess production capacity, and historically the solution is a war in which the excess production capacity is lain waste.
In WWII, most of the West did without butter, gasoline, new clothes, repairs, etc for a decade as the war ground on. But almost no one on the winning side suffered like they did on the losing side. In that time the economic landscape was reordered. Forget about "survivalism" or WTSHTF, we are going to have a much more orderly, controlled destruction. We also call them World Wars.
Small businesses will be critical in this environment, for their ability to quickly meet emergency needs, and best distribute what surplus may fall off the truck, from time to time.
Feel free to forward this by email to three of your friends.
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