Of interest to watch. This story is unfolding as part of Donnie’s trade war. Kurt Eichenwlad has noted that the threat China delivered recently is one that many are watching nervously.
"The most important story of the day, the week and possibly the month is being largely overlooked in the wake of Mueller. China has just made one of the most terrifying declarations it ever has regarding the USA. If they arent bluffing, things are about to get very very ugly.
In an editorial in the People’s Daily - the organ of Chinese government, whose words reflect the policies of its leaders - it issued huge threats against the USA, along with the phrase that basically translates into “Don’t say I didn’t warn you.”
That has enormous import. This is not some throwaway line in China. This has huge historic import. It has been used only a few times in the official Chinese media, and always as a declaration of major threats. In 1962, it was used just before China went to war with India. The next time, in 1979, it was used before violence in Vietnam.
The times its been used against the West? I think it may be now. I certainly don’t know of any others. In the same editorial, China said it would restrict the import of “rare earths.” Again, that might sound odd. What it means is the standard name used in China for certain minerals it exports to the US, and as a major supplier, this cannot be replaced. These minerals are vital to the tech and defense industries. Essentially, they are proclaiming they are prepared to cripple major industries.
While the political world might be missing this, the stock market is not. This is the reason the market is collapsing. Now, you CANNOT read the importance of this off of the market. The entire issue is whether the Chinese are bluffing. Wall Street may decide they are, but what Wall Street believes is irrelevant. It is only what China intends.
#DimwitDon has, through his incompetence and arrogance, placed our economy and major industries in the hands of China. And if they pull the trigger, it will be ugly. This trade war is, was, & always will be stupid. There is a REASON why GOP was viscerally opposed to trade wars until they sold their soul to #DimwitDon. No, you effing moron, trade wars are not easy to win. And they can escalate very very suddenly in ways that are crippling."
