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Yellen's sterile visit to China
This is how Yellen negotiated with China. She proposed to cancel the additional tariffs imposed during the Trump era, but required China to meet three conditions:
1. Buy $850 billion US treasury bonds
2. Withdrawal of China's counter-sanctions
This is how Yellen negotiated with China. She proposed to cancel the additional tariffs imposed during the Trump era, but required China to meet three conditions:
1. Buy $850 billion US treasury bonds
2. Withdrawal of China's counter-sanctions
(export restrictions of the two rare metals indispensable for the making of high-end chips etc)
3. Pledge not to support Russia.
All these conditions are unilaterally advantaging the US. Tariff removal will to some extent advantage China. However given 90% of the cost of the
3. Pledge not to support Russia.
All these conditions are unilaterally advantaging the US. Tariff removal will to some extent advantage China. However given 90% of the cost of the
tariff is born by US consumers., it will mainly serve to bring down the US inflation.
Secondly, Yellen wants China to forgive the BRI debts. Thus, the cash flow derived from the infrastructure projects China financed and built for developing countries will be repurposed to
Secondly, Yellen wants China to forgive the BRI debts. Thus, the cash flow derived from the infrastructure projects China financed and built for developing countries will be repurposed to
pay back debts of US banks and IMF. So in the end, everything China built for the global South will serve as the collateral when these countries borrow from the US.
Americans must be very proud of the extreme cleverness of their politicians aggressively protecting
Americans must be very proud of the extreme cleverness of their politicians aggressively protecting
US interests from the position of strength.
China says no.
Not surprisingly the US is nostalgic of the era of the eight allies invading China in 1900. A photo of that shameful event is still hanging on the wall of the US military headquarters and related photo is
China says no.
Not surprisingly the US is nostalgic of the era of the eight allies invading China in 1900. A photo of that shameful event is still hanging on the wall of the US military headquarters and related photo is
appearing on the wall of the US embassy. The US woke frenzy obviously doesn't apply to China. Imagine the US embassy hanging a picture of the slave trade, or early settlers giving smallpox infested blankets to the natives etc on the wall.
In 1900, China was almost as helpless as the American Indians faced with the Europeans. The western ammunitions were like weapons from an advanced alien civilization, knocking China into total surrender within months.
China subsequently signed the unequal treaty,
China subsequently signed the unequal treaty,
the Boxer Protocol, one of the many unequal treaties that marked China"s one hundred years of humiliation, having to hand over war compensation of 18000 tons of fine silver to the invaders. Lands and ports were turned over as foreign concessions. .
The eight alliances, ie, the current G7 minus Russia carved up the spoils among them.
The world has not changed, what has changed is China. China has become stronger.
This is China's patriotic education. The historical shame is deeply burnt into the psyche of every e
The world has not changed, what has changed is China. China has become stronger.
This is China's patriotic education. The historical shame is deeply burnt into the psyche of every e
Chinese, including Chinese overseas who still think of themselves as Chinese.
Yellen summoned a group of pro-American feminist economists to dinner. This move belies again the US pretention that China is this oppressive police state where every move of the citizen is spied
Yellen summoned a group of pro-American feminist economists to dinner. This move belies again the US pretention that China is this oppressive police state where every move of the citizen is spied
upon. It's the other way around. Pro-Chinese US academics are under CIA/FBI surveillance and are frequently thrown in prison for espionage charges. Yellen seems to be pretty free in China, seeing anyone she wants to see.
Btw, Yellen told the women economists that the US
Btw, Yellen told the women economists that the US
government is against the Chinese government but not against the Chinese people. She suffers from an information lag. Twenty years ago, many Chinese liberals bought that. Today, Chinese people don't buy that anymor
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