July 9, 2015

Now is the time to play hardball with China

In brief:

Remember back in 2010 when China joined Russia in dropping the U.S. dollar as the medium of bi-lateral trade? And again in 2014 when the two nations teamed up to kill the dollar? Remember China hacking U.S. government and corporate secrets, pretty much always. China has a pretty lengthy history of aggressive, bad neighbor behavior.  And now their stock market is in deep trouble. It's in free fall and could be at the start of a crash.  True or not, make no mistake, there's underlying trouble.

Never let a crisis go to waste, right?

Now is the time to play hardball with China.  It's the perfect time to do something to prevent job offshoring, to remove Most Favored Nation status for China and to repatriate jobs to America.  It's an opportunity to not just knuckle under to China's belligerent rise as a world power. Strike them economically when they cannot afford it.  Why not?  They've been trying to do it to America for years.

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