Does the Mass Media have a total disconnect, or is being fearfully discreet for once, or simply not connecting the dots?
Quite recently, sources told a radio show host that China had threatened to ruin the USA economy by selling off a Trillion dollars they hold in their reserves. (Posted on this site at the link shown immediately below and also on World Tribune for subscribers).
http://noiri.blogspot.com/2006/12/china-to-dump-one-trillion-dollars-in.html
Other reports have more recently stated, after UN sanctions were approved against Iran, the USA is taking a hard look at putting sanctions on a huge Chinese oil and gas company, Sineco, which has signed a $16 Billion contract with Iran for development of Iran's natural gas fields.
This contract is part of an overall $300 billion agreement entered into by Sineco with Iran, which virtually puts control of exploration, development, improvement, upkeep, refining etc., completely into Chinese hands.
Plus the critical expansion of refining gasoline capabilities to cover the Islamic Regime's current import of about 45% of Iran's automobile fuel needs.
I believe the USA sent such a top level financial and economic team to China to discuss the effect the embargo on assisting Iran's oil and gas industry would have on Sineco operations and contracts and were promptly slapped with the Chinese threat to ruin America (and subsequently the world and China's own ) economy by crashing the value of the dollar.
Somewhat like Russia, China could "withdraw from the world economy " and survive. Not as the rising power it is now but at the low level of living standards most of the population endures.
The USA, on the other hand, with high living and quality of life standards to which Americans have grown accustomed, could not weather the global storm the dollar crash would bring.
It is not unconceivable that China would flood Iran with Chinese military forces to "protect its national interests" - using the excuse of "maintaining stability in the region". The quality and equipment of those forces - compard to sheer numbers - is almost irrelevant.
The argument that China does not have the capability to move large numbers of troops is almost laughable as they can reach Iran from various, not always unfriendly, directions. Which transit route would want to go head to head to oppose China?
Iran's Mullahs would probably side with China and welcome the "take over" to spite America. Informing their own populace that this would be in their best interests. And as usual, violently suppress dissent. This time, not with Arab mercenaries of the Bassiji suppression divisions, but with eager Chinese assistance.
Wow! Interesting stuff, and not totally implausible either.
ReplyDeleteIt is very unusual for nearly the entire Cabinet to travel as one to a foreign country for bi-lateral talks.
ReplyDeleteNow couple this story with OPEC no longer accepting dollars for oil exchange, and switching to the Euro. And the REAL US foreign debt some three to four times worse than the official note and you've got yourself a true problem of nation shattering proportions.
However, while in China the American home improvement store, Home Depot, purchased China's largest complementary enterprise, Home Improvement. At least, it's a start in making America's fate China's fate.