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Donald’s Dangerous Dance with China
We ignore him at our peril!
“Now we’re in a different situation with a country, but I would borrow knowing that if the economy crashed you could make a deal. And if the economy was good it was good so therefore you can’t lose.”D.J. Trump — CNBC squawk-box interview with Andrew Sorkin 5/5/2016.
Thus spoke the man who is now in charge, by his reckoning, of everything. When questioned by an incredulous journalist, he then suggested that he might reduce the national debt by persuading creditors to accept “something less than full payment.”
Section Four of the 14th Amendment to the U.S. Constitution states, “the validity of the public debt of the United States, authorized by law, …, shall not be questioned.”
With one interview in 2016, Donald Trump signaled that that might change.
Now it’s 2020, we have been ravaged by COVID-19 and he needs a scapegoat.
The recent round of belligerence directed towards Beijing is not only counter-productive in the fight against the virus, but it could also prove to be calamitous for the U.S. empire.
Currently, the U.S. Dollar holds a special place in the world of finance as the world’s reserve currency. This exalted position called “exorbitant privilege” by the former French Finance Minister, Valery…
