China’s belligerence is providing an opportunity for the US to negotiate a super favorable economic and military alliance with all the nations from India to Japan and south to Australia. Unfortunately Obama is the weakest president in history and seems intent on doing everything he can to weaken the US.
The Chinese know how to wait. They work hard, time is on their side.
Russia, India, Argentina, Brazil, Japan and even Australia are moving to the calculations in the yuan in trade with China. The share of the dollar in international transactions has been steadily declining.
This process is irreversible. 17 October the U.S. reached regular threshold technical default 16.7 trillion.
The former chief economist of the International monetary Fund (IMF) Simon Johnson said: «Once, perhaps, what was good for General Motors was good for the country. Over the past decade, the attitude took hold that what was good for Wall Street».
Today not all Americans agree with this statement.
Then the country worked. Now, in the main, prints dollars and gaining debts.
Japan’s biggest trading partner of China.
Japan goes to settlements in yuan in trade with China.
It is very annoying Washington, but it is a reality from which cannot escape.
The Independent. UK
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