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Tuesday, August 07, 2007

China Threatens US With Act of War

This is the first honestly disturbing news I've heard about the economy in a long time. Regular readers know I recommend an aggressive stance against China, but we must do so realizing that the Great Depression was kicked off by the Hawley-Smoot Tariff.

Via The Telegraph:

The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.

Two officials at leading Communist Party bodies have given interviews in recent days warning - for the first time - that Beijing may use its $1.33 trillion (£658bn) of foreign reserves as a political weapon to counter pressure from the US Congress. Shifts in Chinese policy are often announced through key think tanks and academies.

Described as China’s “nuclear option” in the state media, such action could trigger a dollar crash at a time when the US currency is already breaking down through historic support levels.


And then there's this:

Via: Times Online:

Russian and Chinese troops are joining forces this week in the first military exercises by an international organisation that is regarded in some quarters as a potential rival to Nato.

Thousands of soldiers and 500 combat vehicles will take part in “Peace Mission 2007”, organised by the Shanghai Cooperation Organisation (SCO) in the Chelyabinsk region of Russia. Russian officials have also proposed an alliance between the SCO and a body representing most of the former Soviet republics.

Scores of Russian and Chinese aircraft begin joint exercises tomorrow before a week of military manoeuvres from Thursday that will include Tajikistan, Kyrgyzstan and Kazakhstan. At least 6,500 troops are involved in what is described as an anti-terror exercise.

China in bed with Russia, Russia with Chavez, Chavez with Iran, and Iran with whatever Muslim terrorist organizations it can manipulate to flaunt the United States and it's allies.

The Nations are Gathering folks, and the Kings of the Earth are making their Stand.

We best pray they plot in vain, and ready ourselves.


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