A week ago, I wrote about the turmoil in Hong Kong and pointed out that a crackdown would be bad for China’s already-faltering economy. I had a chance to again address the issue yesterday.
What made this interview different is that it included a discussion of what Trump should do. My expertise is economics rather than diplomacy, but I speculated that public warnings and/or threats by Trump might backfire. The Wall Street Journal opined today on this issue and they want Trump to be aggressive. Here are some excerpts.........To Read More....
My Take - I like much of what Dan writes, but he's right about one thing; his expertise isn't in diplomacy, or negotiations either. As with all Libertarians they have some serious blind spots in their long range vision. They all want tariffs to be dropped, but I keep asking why? If tariffs are so bad, then why do all these countries apply them to the U.S.? If protectionism is so bad, then why do all these countries protect their industries in order to keep the U.S. out of their markets?
I'm going off message next, and for a reason. I see this in a bigger context,which will be come obvious, at least I hope it will.
Bretton Woods is done, and we're going to advance America's agenda, and if the rest of the world doesn't like it, well, that's just too bad. I think this is the perfect time for the Brits to leave the EU because it's my belief within the next ten years the EU will collapse, along with the world's economy. Europe will be embroiled in massive civil strife predicated on Muslim immigration, the economic downturn, and the massive debt they've accumulated.
Britain can make it without the EU, and any economic consequences will be met by cutting taxes and regulations, many of them imposed by the EU, but the Brits are going to have to get their Muslim immigration problem under control, and that can only happen when the government starts recognizing it has a problem, and stop pandering to these Islamists whose real goal is to destroy Western civilization in favor of Sharia, and we can see how well that's working around the world.
I also believe if Britain leaves the EU, the U.S. will create another "Bretton Woods" style agreement to make Britain's involvement with the EU far less important than Brussels thinks. They're bluffing, they're scared and British leadership in the past didn't have the guts to act on it, and I have to believe those in leadership has some kind of pot sweetening agreements the rest of the nation has no share in. We have the same kind here, with the same kind of decision making as a result.
Sean Gabb notes in his piece. "Brexit: Is There a British Strategy? saying:
"........do not expect Britain after leaving without any agreement to be a friendly partner. We are the only great military power in Europe. We have one of the main financial centres. We have a close relationship with the Americans, the Indians and the Chinese, among others. It we showed willing, we could have a close relationship with the Russians. For the past five hundred years, we have specialized in making life difficult for anyone who wanted a united Europe. If we choose, we can make like very difficult indeed for what is left of the European Union."I believe the only nation that can withstand the coming worldwide economic collapse is the U.S. since America is the only nation in the world that can feed itself, fuel itself, arm itself, defend itself and create it's own internal market, without support from anyone else, and most importantly, the U.S. government has assets so large it can actually pay off the national debt by selling those assets. Any country that becomes an American "favored nation" at the time will not have it as bad either.
A crisis of civil strife is on the horizon, not only in Europe, but when the world's economy collapses, civil unrest is going to break out all over, including Russia and China. The EU will revert to it's natural social paradigms of small countries, that still retain their own culture and even language differences, and immigrants that haven't integrated will be challenged in a most violent way.
At that point Hong Kong will be the least of anyone's worries.
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