China Flaps Its Jaws (Again)
The Market Ticker ® - Commentary on The Capital Markets
Posted 2010-02-09 14:04
by Karl Denninger
in International
 

So reports Reuters:

BEIJING (Reuters) - Senior Chinese military officers have proposed that their country boost defense spending, adjust PLA deployments, and possibly sell some U.S. bonds to punish Washington for its latest round of arms sales to Taiwan.

Oh really?

Our President can, with the wave of a pen, reduce our outstanding Federal Debt by a trillion dollars.  He can issue an executive order that declares that every bond the Chinese Government holds is worthless.

What are you going to do about it?

You don't seem to have any of these:

We have a bunch of 'em.

That's because you spend your money building cities in which nobody lives, but calling it "economic progress."  You blow a housing bubble 10x what we blew, with home prices 80x average incomes.  You have trillions in yuan of bad loans which you are willfully blind to, making our banking foibles look like a sixth-grader's birthday party.  You won't allow anyone to speak ill of your "great government" lest they be imprisoned or worse so as to try to avoid the truth about your barbarism and fraud getting into the public.

Never mind that I would have to live with this:

Face the facts you blubbering bags of pus:

Your soldiers are all over there.  Ours are over here, and between ours and yours are a bunch of those things above, plus their aircraft, plus this gigantic stretch of blue stuff upon which those things sail, which astonishingly enough does not look like your polluted wasteland of a nation.

I think it's called "The Pacific Ocean."

You can't get those troops here, and you know it.  If you try we will kill every one of them before they get to Midway Island, and you know that too.  The few you might infiltrate into this nation would meet that which Admiral Yamamoto spoke of - "You cannot invade the mainland United States. There would be a rifle behind every blade of grass."

This is as inescapable a truth as the fact that the sun will rise in the east tomorrow.

You are no more going to nuke us - the only real threat you have to level in such a dispute - than you will nuke yourself, because that's exactly what such an act would mean - and you know that too.

So cut the crap.

Taiwan is not going to be your communist "acquisition."

I know you want it to be. 

I know you believe in "One China." 

So do we - but you misunderstood what we Americans meant when that was said, mostly because you were screaming the Chinese equivalent of "SIIIEG HEIL!" too loudly to bother listening to we the people over here in America.

WE MEANT A FREE, REPUBLICAN GOVERNMENT IN CHINA, AS EXISTS IN TAIWAN TODAY, not a Communist crap-pile stomping it's jackboot on the necks of the Taiwanese people.

Your threats amuse those of us in America who can "do the math."

Go ahead - sell your bonds.

I double-dog-dare you.

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