At this point in time, it seems as though the only conclusion that can be reasonably drawn from this country’s most recent act of international idiocy is that this administration is fully determined to isolate the United States from essentially every other country in the world! China is obviously the new up-and-coming superpower on the block, so what does cowboy Bush chose to do but make clear that we will not give up our badge without a fight.
“It will seriously undermine the cooperative relations the two nations have established in the field and will adversely affect bilateral economic and trade ties”, [state-run news agency] Xinhua quoted Wang Xinpin, spokesman with the Commerce Ministry as saying.
http://www.cnn.com/2007
Correct me if I’m wrong, but doesn’t China possess some trillion or so dollars of our staggering national debt? Does it not seem like a tremendously foolish thing to go pissing off your creditors?! Seems to me like this is something that just might have been covered at Harvard Business School, but I guess Bush was probably absent that day.
If my memory serves me correctly, did China not make it crystal clear not terribly long ago that it was looking to diversify its surplus essentially thereby looking to gradually get rid of their US T-Bills, Bonds, Dollars, etc.
Not good.
Whatever questions there have been regarding a ‘market slowdown’, ‘correction’, ‘recession’ or even ‘depression’ certainly seems to be in the process of being answered in the affirmative, because now we made China mad (and heaven help us). Countries whose differences with us that have already become increasingly evident, like Russia and China, to countries we are outright hostile to, like Iran and North Korea (despite recent reports of resolving the little issue regarding their frozen assets), will all inevitably ally themselves against us and to be sure, serious problems will ensue that might just make Iraq look like the very Garden of Eden that was once situated in that region.
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