Thread by @PandemicTruther

On US Inflation.

China's economy is robust and fully recovering. The growth rate of the second quarter is 7.9% as compared with last year. The growth is 12.7% for the first six months. No wonder Biden is so upset and obsessed with China. Good news from China is bad news for US.

2/ Especially given that China's economic growth is achieved without the toxic QE. The US economy is also recovering, but that's done with the nefarious side effects of the QE. US inflation caused by the massive QE is being sorely felt. Such a situation has never happened before.

3/ Hitherto, US always managed to export inflation to the rest of the world, exchanging QE dollars against real goods from all over the world, and in particular from China, thus maintaining price stability at home. This was possible with the thorough cooperation of China,

4/ world's manufacturing base of essential consumer goods, especially in 2008. At that time, Henry Paulson went to China to ask China to buy US Treasury bonds & increase the industrial output so as to flood the US market with cheap quality consumer goods. China agreed.

5/ Half of the US Treasury bonds China owns now, ie, hundreds of billions of US$ were bought between 2008-2012. In exchange, US sort of postponed the full blown China containment hybrid war by a few years, precious few years enabling China to develop into a stronger nation.

6/ This time, US expects China to do the same. It appears that the US top level has contacted China several times in the past few weeks urging China to buy US Treasury bonds and guarantee the supply to US market of cheap quality consumer goods.

7/ This time, China has no intention to pull the US out of trouble just so it can continue to walk all over China from a position of regained strength unless of course the US withdraws all sanctions and tariffs and abandons all acts of aggression.

8/ US is unable to coerce China into doing anything now, a new geopolitical scenario which the US doesn't know how to deal with.

Chinese companies have refused some orders from the US. China is resolutely pursuing the goal of zero CO2 emission by 2060 by downsizing

9/ according to schedule the most polluting part of its industrial capacity. Many production lines are shut down. Originally, US/West intend to weaponise the environment issue to curb China's industrial growth, to slow down China's economy and cause manufacturing to

10/ move out of China. But right now, the environment ideology is worsening the US inflation.

Besides, the prices of raw materials and commodities are going up wildly as a direct consequence of the US QE.

11/ Many factories are no longer willing to sell at a loss to maintain clients. They already have too many orders, so they are no longer taking any new orders. If this trend goes on, US is unable to guarantee the uninterrupted supply of goods in its supermarkets.

12/ This will further increase the US inflation. Incomprehensibly, US is boycotting all goods made in Xinjiang and by fictitious Uighur slave labor.... It's like a beggar is boycotting the alms doled out from a certain source imagined to be unclean...

13/ Chinese companies are extremely respectful of labor law now for fear of being accused of practicing "slave labor" and becoming the objects of sanctions. NGOs have spies infiltrate Chinese companies to obtain evidences of Uighur slave labor. Chinese companies are horrified and

14/ are extra-careful. Moreover, due to the surge of orders redirecting to China as a result of manufacturing being decimated by the pandemic in India, there's a serious labor shortage in China. Salary is going up which further contributes to the surge of prices....

15/ Boycotting the economy of Xinjiang, sanctions based on the propaganda of Uighur slave labor, the environment ideology etc were all designed to kick China out of the international supply chain, move manufacturing out of China to India, Vietnam or make it return to the US,

16/ but now these manouvers are working against the US interest by causing more inflation.

US foreign policy doesn't seem to be able to adapt to changing situations. US economy is in a bad way. Without China's help, it's difficult for US to come out of this crisis safe & sound.

17/ Without the endorsement of the second largest economy, without the backing of US$ with essential consumer goods manufactured in China, the credibility of US$ is waning...

To reduce the inflation, US will be obliged to raise the interest rate,

18/ but this will cause the economy to shrivel and possibly to collapse. The US economy is so fragile now, a slight wrong move will cause the house of cards to crumble... Biden is hoping the inflation will magically disappear...
Or Biden can get rid of the 25% China tariffs...

19/ US has always urged China to raise the value of yuan to reduce the competitiveness of China's exports. Wish fulfilled. Chinese yuan is no longer pegged to US$ and is allowed to fluctuate beyond the prescribed scope. Exchange rate now causes Chinese goods to cost 10% more.

现在的自动翻译越来越准确。中文翻译如下。