Obama is provoking China into a trade war: Expert

It was billed as a new, bold President Obama who stood up to a rising China to reassert America`s power in the Asia-Pacific region. President Obama took a hard line at the recent Asian leaders summit in Bali, Indonesia, chastising China for not "playing by the rules".

But many in China do not view Obama`s recent assertiveness as a display of power but weakness. They view the President as desperate to find scapegoats to get votes in next year`s 2012 presidential election.

A rising chorus in China also thinks America is determined to keep China down, so they are pushing the government to respond forcefully. Obama runs the risk of precipitating a trade war or worse as a response.

Webmaster's Commentary: 

The Federal government owes China one heck of a lot of money.

According to the Department of the Treasury/Federal Reserve Board, the United States government owes China $895.2 billion. This debt comes mainly in the form of U.S. Treasury Securities, or bonds. Read more: How much money does the U.S. government owe China? | Answerbag http://www.answerbag.com/q_view/2108195#ixzz1f7DmC2VG

That's a lot of zeroes, any way you slice it. The US government cannot possibly pay this money back.

By goading China into not a trade war, but a "hot" war, IF the US is successful in such a military misadventure, that debt goes away.

Posted on Nov 29, 2011 at 10:16
Tags:
»

Comments