Two years since the invasion of Iraq

Permalink +

Sun, Mar 20, 2005, 6:19 pm  //  Site Management

Shock and awe was the strategy of the Bush government. Maybe we are in shock now as our kids continue to be killed and maimed. 1,500 dead and thousands with blown off limbs. We may soon be in awe of the Shiite leaders who will take our military victory and turn it to their own agenda.

China, meanwhile, is creating itself into a power while we are looking at the Mideast. I've read little about the probably future implications of the incredible events centering around China. My thinking basically on what follows, so here goes.

China now owns almost a trillion dollars in US Treasury bonds. They are helping to finance our deficit. Happily. A couple weeks ago, they dispelled fears they might start selling them as our dollar continues to drop in value. And I say - of course they will not sell them. Holding them gives them leverage with us. After assuring us they will hold, they authorized war to regain control of Taiwan. We have defended Taiwan since 1948 when the Nationalists fled there. Our navy has sailed between Taiwan and China as a guard against invasion by China.

Now, China can ignore our navy. Maybe not this month, but soon. And of course China will not challenge our navy. Bush will pull our navy back. China can tell him to. We need China to continue buying bonds to finance the war in Iraq and the lost revenue from the tax cuts. If China starts to sell, then the dollar will drop lower, and other countries will sell in order to recoup their money.

To just sell would throw the world into chaos and China will not do that. Instead, it will continue to buy our bonds and we will continue to owe China more and more. China wants value in other ways - and we will be forced to give it - just as we forced military bases from weak third world countries during the Cold War. China will want things. And we will give. Over the next five and ten years this will become painfully clear.

What do they want first? They have it. Unlimited export of clothing to the USA. Do you remember how to boil a frog? Put it in cold water and slowly increase the heat. The frog never notices. So will China now put the slow heat to us? They are patient - and we will not notice. While we wage useless war in Iraq and spend ourselves into poverty, others are smart.

Check this one post on for a similar perspective.

Related Links:

Comments Commenting is disabled for this post

Two years since the invasion of Iraq

Shock and awe was the strategy of the Bush government. Maybe we are in shock now as our kids continue to be killed and maimed. 1,500 dead and…

Site Management
Sun, Mar 20, 2005, 6:19 pm

They fooled me

Sinn Fein is a sham. Gerry Adams and Sinn Fein are fronts for the IRA - the Irish Republican Army and its brutal methods of torture and killing…

Site Management
Sat, Mar 05, 2005, 6:30 pm


We Thank Our Sponsors

Click to See All Sponsors

About NWCitizen

Donations maintain site

Our writers
Thru the years

League of Women Voters

Calendar of Events

Home page

Local Online News

Bellingham Herald

Bham Business Journal
Bham Politics & Econ
Cascadia Weekly
Coal Stop
Ferndale Record
KPLU fm radio
Latte Republic
Lynden Tribune
Noisy Waters
Northern Light
Seattle Times
Twilight Zoning
Western Front - WWU
Whatcom Watch

Local Causes

Chuckanut C. Forest

City Club of Bellingham
Community Wise Bham
Conservation NW
Futurewise - Whatcom
Lake Whatcom
N. Cascades Audubon
NW Holocaust Center
Powder River Basin R. C.
RE Sources
Salish Sea Org.
Save the Granary
Transition Whatcom
WA Conservation Voters
Whatcom Peace & Justice

Our Governments

- Whatcom County

Port of Bellingham
Skagit County
US House
US Senate
US Supreme Court
US The White House
WA State
Whatcom COG

NWCitizen 1995-2007

Early Northwest Citizen

Weather & Climate

Cliff Mass Weather Blog

Climate Audit
EPIC World Photos
Nat Hurricane Center
NW Radar
Two day forecast
Watts Up With That?

Local Leisure

Adventures NW

Bellingham Wins
Entertainment NNW
Recreation Northwest

Good Web Sites

Al-Jazeera online

Alaska Dispatch
Arab News
Asia Times
Atlantic, The
Change The Mascot
Common Dreams
Crosscut Seattle
Daily Kos
Daily Mirror
Drudge Report
Edge of Sports Flag
Foreign Policy in Focus
Gulf News
Huffington Post
Innocence Project
Irish Times
James Fallows
Jerusalem Post
Joel Connelly
Juan Cole
Julia Ioffe/New Republic
Le Diplo
Media Matters
Michael Moore
Middle East Times
Nation, The
New American Century
News Trust
Online Journal
Palestine Daily
Palestine News
Paul Krugman
Personal bio info
Portland Indy Media
Progressive Review
Project Vote Smart
Sea Shepherd
Stand for the Troops
Ta-Nehisi Coates
Talking Points Memo
The Crisis Papers
The Intercept
the Oatmeal
War and Piece
Washington Votes

Quiet, Offline or Dead

Bellingham Register

Bhm Herald Politics Blog
Bob Sanders
Carl Weimer
Chuckanut Mountains
Citizen Ted
Citizens of Bellingham
Cordata & Meridian
David Hackworth
Facebook Port Reform
Friends of Whatcom
Get Whatcom Planning
Intrnational Herald Tribune
Jack Petree
N. Sound Conservancy
No Leaky Buckets
Northwest Review
Protect Bellingham Parks
Sweeney Politics
The American Telegraph
Wally Wonders