We
never learn from history. We repeated the French history in Vietnam. We
repeated the Russia history in Afghan. All are failures past and present
causing us precious lives and huge expenses that should be used to fix so many
of our problems within our soil.
Today
(5/2020) we are at the tip of repeating our history of invading Iraq accusing
them of mass-destruction weapon that we have never found. Our government are
trying to convince our allies that China should pay for the damages of this
pandemic even there is no precedent. When a lie has been repeated a thousand
times, it would become a ‘fact’.
When
the pandemic is settled, our government may freeze Chinese assets including our
debts owned by China (1.07 T as of 12/2019). Consequently, many foreign
countries would withdraw their U.S. investments and the U.S. Treasury bonds. It
would lead to the collapse of our U.S. dollar coupled with printing too much USD
(4 T to rescue our economy).
China
would take counter actions on our assets in China including Shanghai Disneyland,
factories and many fast food joints.
It
would lead to total decoupling with China, a cold war that we fought with Russia,
a military war that we have a lot of experiences, and even a nuclear war to
destroy the world. Hopefully our government will not act beyond decoupling.
About
40 years ago, Nixon thought China would be a source for cheap labor and a card
to play against Russia. Later our government thought China would be a good
market for our goods. Globalization works and everyone profits including many
of our corporations.
Most
of our politicians have not reviewed history. China was the richest country
before the Opium Wars. The
Chinese emperor told the Brits that they had nothing they wanted to trade as
the country had everything. The Brits found opium in India that could be used
to trade with Chinese tea, porcelain and silk. A country pushing opium! China
was accused of not opening to trade and now too much trade. How ironic!
The
Boxer Rebellion can
be considered a patriotic act against foreigners. The Eight-Nation Alliance
won via the advanced weapons and bankrupted China.
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