
“China has stopped future increases of dollar forex holdings, and has cut the use of the dollar in bilateral trade agreements with multiple countries. Oil-producing nations are shifting alliances to China because it is now the world’s largest consumer of petroleum. And, China has clearly been preparing for this eventuality for years. So, given these circumstances, how can the U.S. government conceive of confrontation with the East? Challenging one’s creditors to a duel does not usually end well. At the very least, it would be economic suicide. But perhaps that is the point. Perhaps America is meant to make this seemingly idiotic leap.”
http://www.alt-market.com/articles/1866-is-war-with-china-inevitable
Related posts:
Magna Carta, Subsistence Culture and Western Civilization's Future
Bootleggers and Baptists
ObamaCare Was Sold To American Voters On Deceptive Terms
Jeffrey Tucker: How Can We Protect Ourselves from the Police State?
The Forfeiture Curmudgeons
A Special Relationship: The U.S. is teaming up with Al Qaeda, again
Two Chess Moves Away from Capital Controls
What Happens When the Surf Is Down: Contemplating Stocks without QE
“Race” – The Divide-And-Conquer Tool Of Tyrants
Depreciating Dollar Not Good For People, But Good for 'the Economy'?
America’s real divide: The political class, and the rest of us
Iraq back at the brink
Bill Bonner: The Fed’s Childishly Naïve Theory of Credit
Criminal Enterprise Operations of the Police
California, Here They Go