Again Xi meeting 2 private person in Duterte and Kissinger BUT NO Biden, Albanese, Trudeau , Sunak, Melonie , the Gardener Borrel, Kishida, Yoon and special mention Mr Modi. That's show you the contempt Xi had for these people.
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More unhinged lunacy from DC:
This bit caught my eye:
"He said the U.S. should cripple China economically by disconnecting it from SWIFT, the international financial transaction settlement system. That, he suggested, would quickly bring China’s economy to a halt.
He said the U.S. should get "Treasury and OFAC [the U.S. Office of Foreign Assets Control] to socialize the concept of pressing this economic nuclear button. But if we really want to be effective, we press that button.""
This bit caught my eye:
"He said the U.S. should cripple China economically by disconnecting it from SWIFT, the international financial transaction settlement system. That, he suggested, would quickly bring China’s economy to a halt.
He said the U.S. should get "Treasury and OFAC [the U.S. Office of Foreign Assets Control] to socialize the concept of pressing this economic nuclear button. But if we really want to be effective, we press that button.""
If only Afghanistan figured out how to grow copium, then this cash crop export would easily launch Afghanistan to developed status overnight from western demand alone.
The US has too many idiot lawyers as politicians. The thing about "nuke buttons" is that they can only be used once and that's it, in addition to the global economic disruption that will inevitably hurt world trade and mainly US companies because they also market their products and services in China and they want to get their deposits in US banks, in dollars, there is the problem that China is the second economy in terms of nominal GDP and the first in terms of GDP PPP, it will create a great incentive to create an alternative system as soon as possible. It will be inevitable, even US vassals cannot escape the fact that they have great economic connections with China.
they really should be far more worried about China banning USD transactions than US banning China from USD.
Rings of Fire Act, great name
India will be right on that
Their contribution will be hundreds of soldiers that eat the spiciest curries in the country on a regular basis...
On a more serious note...
It's not even lawyers that are the problem. The US political landscape is scattered with clowns at this point. They think shock value replaces responsible policymaking. You think they are worried about GDP? They just think about whether they will get an interview on Fox News or MSNBC to talk about their latest "Strengthening Taiwan and America's Resolve over the CCP Act - STAR over the CCP Act" or some similar nonsense
Upon cursory reading of the said article, the person responsible for making that head inducing suggestion regarding that quote was none other than Kyle Bass, the founder and chief investment officer of Hayman Capital Management, is on the China Center Advisory Board at the Hudson Institute. At a July 12 event there, “China Prepares for War: A Timeline.
Imagine China doing this episode 8974324
These fantasy seems to work less and less as the world "modernized" and understand the "game".