Trump Administration Pushing To Rip Global Supply Chains From China — Humeyra Pamuk, Andrea Shalal

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Mike Norman
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This is leading to a new cold war that risks going kinetic as US strategist conclude that China must be stopped militarily if necessary before it becomes a peer competitor in the near future.

The problem with this is that Russia has been thrown into the mix and now the US faces a real peer competitor in terms of Sino-Russia alliance that would inevitably include Iran in the case of a global conflict. Whether the allied powers could defeat a Sino-Russian-Iranian alliance is moot, since the potential for going nuclear is so high, in which case there is no winner and a mass culling will occur.

The situation is now exponentially dangerous owing to the precariousness that the current pandemic is bringing. Given present economic policy is is looking increasingly likely that debt-deflationary depression could be in the works. So far, the stimulus being provided is neither aimed at or sufficient to avoid a massive wave of non-performing private loans.

Of course, this is only one possible trajectory, but it is concerning to see it developing.

Reuters
Trump Administration Pushing To Rip Global Supply Chains From China
Humeyra Pamuk, Andrea Shalal

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The Russian-Chinese entente emerged as one of the most significant templates of international politics in the recent period since the hugely consequential developments in Ukraine in 2014 that led to western sanctions against Moscow, which in turn galvanised the latter’s ‘pivot to Asia’.

Of late, this entente, which falls short of a formal alliance, assumes prominence, given the shift under way in regional and global alignments triggered by the coronavirus pandemic. The world economy faces recession and the US is threatened by a crisis unmatched since the Great Depression of the 1930s. The number of Americans filing for unemployment benefits is soaring past 30 million.

The decline of the US as a global power is accelerating. But the US refuses to come to terms with this geopolitical reality and is determined to perpetuate its domination of the global arena, no matter what it takes. China and Russia have been cast in the ‘enemy’ image. In the short term at least, tensions will rise — in the US-China relations, in particular.
It was reported last week that the US is deploying missile defence systems near Russia’s borders with the potential to deliver a surprise nuclear strike. A Tass report quoted the First Deputy Chief of the Russian General Staff’s Main Operations Department Lt. Gen.Viktor Poznikhir as saying that the US has developed a concept of pre-launch interception and planned to destroy intercontinental ballistic missiles of Russia, China and other countries while they are still in launchers.

Suffice to say, it is in the common interests of Russia and China that in their growing confrontation with the US, they stand by each other and support each other. There is every indication that US imperialism will assume an even more violent and oppressive character in the prevailing world situation....

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