July 17, 2019

Red Dragon Sinking

Timothy Birdnow

China wanted a trade war; now they've got one. And they keep getting poorer and poorer.

From CNN business:

The growth numbers come after China reported a fall in both exports and imports for the first six months of this year, indicating the toll the trade war is having on an economy already suffering from weaker domestic demand.

China's exports fell 1.3% year-on-year for the first half in dollar terms, while imports dropped
ed 7.3%.

The country recorded a sharper decline in exports to the United States, which decreased 8.1% for the first six months of 2019. Imports from the United States plunged 30% year on year.

You play with the bull you get the horns. China has been coddled by the West for decades as part of a hare-brained scheme to "decommunize" them. We've made them rich by giving them sweetheart trade deals, letting them cheat us by dumping goods and money on the markiet, and generally letting them get away with behaving badly. Why? Partly to coax them into joining the international community, but also to establish them as a world power. The Progressives have said repeatedly they think it is a bad idea for America to be the world's lone superpower. Remember, Madalyn Albreit said that very thing while secretary of State under Clinton? They've been trying to implement that policy, to promote
China as the new Soviet Union. It's worked too.

But now they are facing real resistance and don't like it.

The elites decided long ago to make Asia the manufacturing center while the U.S. would be the tech area in the world. That was the division of labor they decided upon, and they took steps to kill manufacturing in the U.S. Unsurprisingly, manufacturing jobs were lost and America's economy turned stagnant. You can't have a world economy with only one or two industries predominating in a give country. That just doesn't work; it's rather like the famine in ireland showed you have to diversitfy crops. The same holds true for industries.

It was all part of the plan to create a New World Order. You may remember that phrase from a faux conservative President a while back.

At any rate, China is nolt exactly sinking but she is certainly starting to struggle.

Posted by: Timothy Birdnow at 09:47 AM | No Comments | Add Comment
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