Remember also that untul Biden the US had a one China policy.also the Taiwan parliament is split down the middle over being part of mainland China, 52-48 if memory serves me right.
Current Affairs ⚔️ Ukraine - Russia War
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NZWarriors.com
South China Sea in focus as Indonesia hosts naval drills – DW – 02/20/2025
Indonesia is hosting naval drills with ships from 38 countries, including warships from Russia, the US and China training side by side.
www.dw.com
Indonesia hosting naval drills with America, China and Russia in the past couple of days
Why China-Taiwan Relations Are So Tense
Taiwan has the potential to be a flash point in U.S.-China relations. U.S. House Speaker Nancy Pelosi’s trip to Taipei in 2022 heightened tensions.
www.cfr.org
The way that China expects the world to recognise Taiwan as theirs is reminiscent of how trump is declaring the Gulf of Mexico as the gulf of America and trying to make all abide. Think trump is trying to show they’re at least on par of power if not more powerful, but in one fell swoop China could call back their debt and cripple them. China will soon be recognised as the most powerful country, it’s just by what means they achieve it
NZWarriors.com
Hope the soft power peace diplomacy works mate, who doesn't love turtlesSouth China Sea in focus as Indonesia hosts naval drills – DW – 02/20/2025
Indonesia is hosting naval drills with ships from 38 countries, including warships from Russia, the US and China training side by side.
Indonesia hosting naval drills with America, China and Russia in the past couple of days
Wouldn't they cripple the world economy and crash their own if they called in all their debt though? There'd be hardly anyone left to trade with.Why China-Taiwan Relations Are So Tense
Taiwan has the potential to be a flash point in U.S.-China relations. U.S. House Speaker Nancy Pelosi’s trip to Taipei in 2022 heightened tensions.
The way that China expects the world to recognise Taiwan as theirs is reminiscent of how trump is declaring the Gulf of Mexico as the gulf of America and trying to make all abide. Think trump is trying to show they’re at least on par of power if not more powerful, but in one fell swoop China could call back their debt and cripple them. China will soon be recognised as the most powerful country, it’s just by what means they achieve it
NZWarriors.com
Are we in the winds of war, or are we just over-reacting to an elaborate Vince McMahon production
China buys US treasuries to keep the Yuan low, to help exports. It's a bond with a maturity date, you can't just call in the debt. China can sell it on the bond market, but the US would still retain the 'borrowing'.
NZWarriors.com
We’ve actually got underwater war ships patrolling Samoa as we speak…
Unmanned, underwater survey vessel.
Thanks Rizzah, can Trump abolish the treasury and forfeit the bond debt?
NZWarriors.com
It's not really an inconvenience to pay the bond interest, it's what stabilisers the US dollar value. The interest crisis is manufactured.
If he abolished treasury and defaulted he risks US dollar security (value).
There is a mechanism called Monetary Finance which allows the central bank (reserve bank) in a fiat monetary system to make new money, without debt. It's universally frowned upon in orthodox economics. Trump could use that to pay off the debt with a keystroke.
NZWarriors.com
Pretty sure Aus used traditional fiscal policy - bonds and maybe some quantitative easing (QE) - monetary policy. QE is when the central bank buys bonds from the secondary bond market, increasing money supply - but via keeping liquidity in the private financial sector.
Monetary Finance is different, the central bank makes new money supply to finance govt spending, bypassing the bond mechanism (debt). More similar to how fractional reserve banking actually works, which is carried out by private banks when issuing loans.
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