CHINA VS. USA - A TWO-PRONGED Counterattack? [Thomas Polin & Denis Lian]
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Is China planning a double-barreled Big Bang for the American Empire? The CPC leadership is normally cautious and strongly attached to stability as well as win-win outcomes. But such an approach towards the US and its vassals has only drawn ever more vicious and underhanded attacks in the past few years. Two fronts seem to be opening up, pointing to drama down the road. The first is that China may be behind an unfolding spike in the price of steel and rare earths (plus other strategic commodities). The country is the world’s dominant producer of both steel (55%) and rare earths (80%) -- as well as the biggest consumer of many other commodities. As the post below explains, Beijing is no longer willing to supply the Western economies with relatively inexpensive steel and rare earths, largely because of the Empire’s relentless hostility. The likely result is inflation, even high inflation, in the COVID-damaged Western economies, now propped up largely by the endless printing o...