{"id":19327,"date":"2016-03-30T19:28:38","date_gmt":"2016-03-31T00:28:38","guid":{"rendered":"http:\/\/olduvai.ca\/?p=19327"},"modified":"2016-03-30T19:28:38","modified_gmt":"2016-03-31T00:28:38","slug":"this-is-how-world-war-iii-starts-it-will-be-financial","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=19327","title":{"rendered":"This is how World War III starts\u2014it will be financial"},"content":{"rendered":"
\"financial-nuclear-war\"<\/div>\n

This is how World War III starts\u2014it will be financial<\/a><\/h3>\n
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In his\u00a0History of the Peloponnesian War<\/em>, ancient Greek historian Thucydides told us the tale of a dominant regional power (Sparta) that felt threatened by the rise of a competing power (Athens).<\/div>\n

Sparta felt so threatened, in fact, that all the moves they made to keep the Athenian rise in check eventually escalated the power struggle into an all out war.<\/p>\n

Modern political scientists call this the Thucydides Trap.<\/p>\n

The idea is that when, out of fear, a dominant power takes certain steps to keep its competitor at bay, these actions ultimately lead to war between the two.<\/p>\n

There\u2019s a lot of concern that the US and China will fall into the Thucydides Trap.<\/p>\n

This is certainly a valid concern. Both are nuclear superpowers with some of the largest militaries in the world.<\/p>\n

But in 2016, modern warfare is not about tanks and aircraft carriers anymore. Modern warfare is insurgent, cyber, and financial.<\/p>\n

In fact, if you look at the state of the financial system and the tactical brinksmanship between the US and China, it\u2019s clear that the two are\u00a0already<\/em>\u00a0in a Thucydides Trap.<\/p>\n

This power struggle is leading to financial warfare of nuclear proportions; and as with any war, there will be a lot of casualties.<\/p>\n

Just over the last several months we\u2019ve seen many exchanges of fire between the two nations.<\/p>\n

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  • The US government claimed legal jurisdiction over the Bank of China, one of the largest banks on the mainland.<\/li>\n
  • The Chinese launched the Asian Infrastructure Investment Bank, a supernational bank designed to compete with the Western-dominated IMF.<\/li>\n
  • The US blacklisted one of China\u2019s largest telecom companies, forbidding any US company from doing business with China\u2019s ZTE.<\/li>\n
  • China has been rapidly expanding its global payment network, UnionPay to become a direct competitor with Western systems like Maestro, Visa, and Mastercard.<\/li>\n<\/ul>\n

    …click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    This is how World War III starts\u2014it will be financial In his\u00a0History of the Peloponnesian War, ancient Greek historian Thucydides told us the tale of a dominant regional power (Sparta) that felt threatened by the rise of a competing power (Athens). Sparta felt so threatened, in fact, that all the moves they made to keep […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[130,10959,9923,7312,4612,827,862,891],"class_list":["post-19327","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-china","tag-financial-war","tag-podcast","tag-simon-black","tag-thucydides-trap","tag-united-states","tag-war","tag-world-war"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19327"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19327\/revisions"}],"predecessor-version":[{"id":19328,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19327\/revisions\/19328"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}