{"id":25630,"date":"2017-09-14T07:17:09","date_gmt":"2017-09-14T12:17:09","guid":{"rendered":"http:\/\/olduvai.ca\/?p=25630"},"modified":"2017-09-14T07:17:22","modified_gmt":"2017-09-14T12:17:22","slug":"an-economic-lesson-for-china-and-russia","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=25630","title":{"rendered":"An Economic Lesson for China and Russia"},"content":{"rendered":"<h3><a href=\"http:\/\/www.paulcraigroberts.org\/2017\/09\/13\/economic-lesson-china-russia\/\">An Economic Lesson for China and Russia<\/a><\/h3>\n<div class=\"single_page_entry_meta\">Is there anyone in Trump\u2019s government who is not an imbecile?<\/div>\n<p>After years of endless military threats against Russia\u2014remember CIA deputy director Mike Morell saying on TV (Charlie Rose show) that the US should start killing Russians to give them a message, and Army Chief of Staff Mark Milley threatening \u201cWe\u2019ll beat you harder than you have ever been beaten before\u201d\u2014now the US Treasury Secretary Steven Mnuchin threatens China. If China doesn\u2019t abide by Washington\u2019s new sanctions on North Korea, Mnuchin said the US \u201cwill put additional sanctions on them [China] and prevent them from accessing the US and international dollar system.\u201d<br \/>\n<a href=\"https:\/\/www.rt.com\/usa\/403118-usa-china-sanctions-north-korea\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.rt.com\/usa\/403118-usa-china-sanctions-north-korea\/ <\/a><\/p>\n<p>Here is the broke US government $20 trillion in public debt, having to print money with which to buy its own bonds, threatening the second largest economy in the world, an economy on purchasing power parity terms that is larger than the US economy.<\/p>\n<p>Take a moment to think about Mnuchin\u2019s threat to China. How many US firms are located in China? It is not only Apple and Nike. Would sanctions on China mean that the US firms could not sell their Chinese made products in the US or anywhere outside China? Do you think the global US corporations would stand for this?<\/p>\n<p>What if China responded by nationalizing all US factories and all Western owned banks in China and Hong Kong?<\/p>\n<p>Mnuchin is like the imbecile Nikki Haley. He doesn\u2019t know who he is threatening.<\/p>\n<p>Consider Mnuchin\u2019s threat to exclude China from the international dollar system. Nothing could do more harm to the US and more good to China. A huge amount of economic transactions would simply exit the dollar system, reducing its scope and importance.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An Economic Lesson for China and Russia Is there anyone in Trump\u2019s government who is not an imbecile? After years of endless military threats against Russia\u2014remember CIA deputy director Mike Morell saying on TV (Charlie Rose show) that the US should start killing Russians to give them a message, and Army Chief of Staff Mark [&hellip;]<\/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":[130,135,15860,2951,694,15208,827],"class_list":["post-25630","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-china","tag-cia","tag-nikki-haley","tag-paul-craig-roberts","tag-russia","tag-steve-mnuchin","tag-united-states"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/25630","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=25630"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/25630\/revisions"}],"predecessor-version":[{"id":25632,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/25630\/revisions\/25632"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}