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| User Info | We Must Run This To The Ground; entered at 2020-05-16 20:17:41 | |||
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Depression2020 Posts: 170 Registered: 2020-03-20 Oahu, Hawaii 
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On the issue of China accidentally releasing the Wuhan Corona Virus, Secretary of State Pompeo has confirmed there are intelligence reports that say this is the case. Just like any intelligence reports, an assessment of reliability and credibility must be made, and the DNI has publicly poured cold water on the reporting. Another talking point related to China's CV19 response that is scandalous and provable, is that China actively tried to contain information and facts on the ground regarding CV19, with one goal being to acquire adequate PPE stockpiles. I anticipate there will be additional formal releases of intelligence as well as "leaks", when the administration decides to take action on the issue. I've said before on the forum that in my opinion that severe tariffs or other economic sanctions against China would not be excessive. I think they would have more of a punch if we got the EU to go along, or at least all of the FIVE EYE allies (they joined with us against the threat from Huawei). An increasingly frequent headline and OPED topic in the last month is that the long predicted cold war between the US and China has arrived (Google: China-US cold war). This is something predicted for decades in books, essays, and analytic reports. The victory of the economic globalists in shaping economic policy undercut the US and helped create the Chinese juggernaut. The newer MMT proponents are preaching a systemic fraud that can only work if all the major players agree to participate. In large part, running massive deficits and building up huge sovereign debt becomes the sovereign version of the "too big to fail." We know there is no such thing, but the fear or threat of it has an impact on the global system. As Karl often says, you can print more money but you can't print (insert valuable product). Producers of hard assets get squeezed, standards of living get crushed, increased productivity is stolen, and purchasing power is wrecked. Meanwhile, China continues the rapid expansion of its nuclear arsenal. Last year the DIA Director said he expected China's nuclear arsenal to at least double over the next 10 years. The key weasel words there are "at least." China likely calculates that with their increasing conventional capabilities, that there is a growing risk the US would escalate to nuclear use in a future shooting war. In our own country in recent years, we've been taking steps to modernize our nuclear force, modernize weapon systems, and to build the first new nuclear warheads in decades. Many in government are pleased the current president not only full funded, but over-funded these modernization programs during recent fiscal years. I think the bigger risk to both US and China is economic collapse, and potentially civil war. I enjoy Karl's projections on this subject, especially related to the parabolic increases in health care costs. Our strategic rivals (also including Russia) will continue to take the opportunity harm our economy and foster divisiveness by promoting bad policies and spreading inflammatory rhetoric. Choose your metaphor, but they will continue stepping on systemic fractures, tipping over dominoes, or lighting the fuse using state funded and controlled information operations, often outsourcing to (enlisting) firms in our own country to do the damage. Last modified: 2020-05-16 21:25:27 by depression2020
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