We Need a More Muscular Response to China!
We Need a More Muscular Response to China!
…and other things the Chewy Blue Toddler Party likes to say
While everyone was enthralled with the Johnny Depp/Amber Heard saga, China has been beefing up the Shanghai Cooperation Organization (SCO). What’s that you say? You’re not familiar? Well, as I always say in these tender moments, “Quit watching TV.”
The SCO has been around for roughly 20 years, starting out as a Chinese group to defend its borders and protect against terrorism. However, since a bellicose Donald Trump and now a demented Joe Biden has been saber rattling China both economically and militarily, they have been making deals in the financial realm. And guess what? They’re good at it.
Iran, no stranger to sanctions and broken treaties, proposed a new currency to exclusively trade with the SCO and… wait for it…Russia, India, Pakistan, and a few other countries who, while not yet members, are in the process of becoming so. Thus far, including China, that’s around 3.2 billion people, half the world’s population (so when you hear the “West,” we’re becoming more alone) and a full third of the world’s GDP.
The proposed Eurasian currency will make the U.S. folly of blocking countries from the western dominated SWIFT system and war like sanctions so 2015. Even the former president of Brazil, Lula da Silva (running again this year in October), has promised that he will create a new South American currency, the Sur (“the South”) if he wins. If you recall, he was president before Obama and the right wingers in Brazil had him jailed, running a re-election campaign from prison. You don’t like Bolsonaro, the “Brazilian Trump?” Thank Obama…
At any rate, other Central Asian country members of the SCO include Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan. Not an incredible number at 70 million combined, they have infinite amounts of natural resources such as copper, zinc, lead, tungsten, lithium, oil, gas, cotton, tobacco, wool… and pretty much anything the other half of the world will use to fuel its own economic enterprises.
But wait! There’s more! Afghanistan, Belarus, and Mongolia are also recognized as SCO observer states. That’s half the world and more resources. By the time the SCO is done with the West, we’ll be like a Dickens character begging for more gruel.
See, this is where the failure of the uni-party (both Republicans and Democrats) should be so evident, so painfully drenched in hubris that a guy like me should not have to point this out. Alas, we still have no idea of the economic shock the dollar and by default, poor and working-class Americans are in for. What people fail to realize is that the only real U.S. export is printing the dollar. Long as the Saudis and the world use it for commerce, we won’t pay a penalty for printing so much worthless paper. However, when those dollars come flooding back because the Saudis have started accepting the Ruble, and China is trading in petro-yuan (their own petro dollar), and U.S. foreign “aid” is refused en masse, we will see a crash that will make post WWI Germany look like a resort with strippers.
I will say time and again; we have had this coming. Many were dumb on purpose and the others chose to believe lies because their cheap, infantile narrative was more important than reason. Many of these assholes even lambasted and chastised those who deign call out the State Run Media for the reckless frauds that they were, cheerleading the squandering of treasure and murdering civilians and killing our own children in the process.
Here’s a way to look at this; in the 2000s, Prince began a series of licensing deals with various labels. He owned his masters, and these deals were unparalleled in the business. When asked about these agreements, he referenced Leonard Chess of Chess records. He was famous for launching blues artists like Willie Dixon, Muddy Waters, Howlin’ Wolf and Etta James. He also ripped them off, having his estate posthumously sued. Prince famously said, “The days of me playing for a Cadillac and a bucket of chicken are over.”
Seems the Chinese read that interview too…
Abe Abdelhadi hosts the Bitter Truth with Abe Abdelhadi on Spotify, iTunes, Youtube, and where ever you listen to podcasts.