Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
CATHY WOOD ARK GARBAGE ARK Funds Heading for 90% STOCK CRASH! - 22nd Jan 22
Gold Is the Belle of the Ball. Will Its Dance Turn Bearish? - 22nd Jan 22
Best Neighborhoods to Buy Real Estate in San Diego - 22nd Jan 22
Stock Market January PANIC AI Tech Stocks Buying Opp - Trend Forecast 2022 - 21st Jan 21
How to Get Rich in the MetaVerse - 20th Jan 21
Should you Buy Payment Disruptor Stocks in 2022? - 20th Jan 21
2022 the Year of Smart devices, Electric Vehicles, and AI Startups - 20th Jan 21
Oil Markets More Animated by Geopolitics, Supply, and Demand - 20th Jan 21
WARNING - AI STOCK MARKET CRASH / BEAR SWITCH TRIGGERED! - 19th Jan 22
Fake It Till You Make It: Will Silver’s Motto Work on Gold? - 19th Jan 22
Crude Oil Smashing Stocks - 19th Jan 22
US Stagflation: The Global Risk of 2022 - 19th Jan 22
Stock Market Trend Forecast Early 2022 - Tech Growth Value Stocks Rotation - 18th Jan 22
Stock Market Sentiment Speaks: Are We Setting Up For A 'Mini-Crash'? - 18th Jan 22
Mobile Sports Betting is on a rise: Here’s why - 18th Jan 22
Exponential AI Stocks Mega-trend - 17th Jan 22
THE NEXT BITCOIN - 17th Jan 22
Gold Price Predictions for 2022 - 17th Jan 22
How Do Debt Relief Services Work To Reduce The Amount You Owe? - 17th Jan 22
RIVIAN IPO Illustrates We are in the Mother of all Stock Market Bubbles - 16th Jan 22
All Market Eyes on Copper - 16th Jan 22
The US Dollar Had a Slip-Up, but Gold Turned a Blind Eye to It - 16th Jan 22
A Stock Market Top for the Ages - 16th Jan 22
FREETRADE - Stock Investing Platform, the Good, Bad and Ugly Review, Free Shares, Cancelled Orders - 15th Jan 22
WD 14tb My Book External Drive Unboxing, Testing and Benchmark Performance Amazon Buy Review - 15th Jan 22
Toyland Ferris Wheel Birthday Fun at Gulliver's Rother Valley UK Theme Park 2022 - 15th Jan 22
What You Should Know About a TailoredPay High Risk Merchant Account - 15th Jan 22
Best Metaverse Tech Stocks Investing for 2022 and Beyond - 14th Jan 22
Gold Price Lagging Inflation - 14th Jan 22
Get Your Startup Idea Up And Running With These 7 Tips - 14th Jan 22
What Happens When Your Flight Gets Cancelled in the UK? - 14th Jan 22
How to Profit from 2022’s Biggest Trend Reversal - 11th Jan 22
Stock Market Sentiment Speaks: Are We Ready To Drop To 4400SPX? - 11th Jan 22
What's the Role of an Affiliate Marketer? - 11th Jan 22
Essential Things To Know Before You Set Up A Limited Liability Company - 11th Jan 22
NVIDIA THE KING OF THE METAVERSE! - 10th Jan 22
Fiscal and Monetary Cliffs Have Arrived - 10th Jan 22
The Meteoric Rise of Investing in Trading Cards - 10th Jan 22
IBM The REAL Quantum Metaverse STOCK! - 9th Jan 22
WARNING Failing NVME2 M2 SSD Drives Can Prevent Systems From Booting - Corsair MP600 - 9th Jan 22
The Fed’s inflated cake and a ‘quant’ of history - 9th Jan 22
NVME M2 SSD FAILURE WARNING Signs - Corsair MP600 1tb Drive - 9th Jan 22
Meadowhall Sheffield Christmas Lights 2021 Shopping - Before the Switch on - 9th Jan 22
How Does Insurance Work In Europe? Find Out Here - 9th Jan 22
MATTERPORT (MTTR) - DIGITIZING THE REAL WORLD - METAVERSE INVESTING 2022 - 7th Jan 22
Effect of Deflation On The Gold Price - 7th Jan 22
Stock Market 2022 Requires Different Strategies For Traders/Investors - 7th Jan 22
Old Man Winter Will Stimulate Natural Gas and Heating Oil Demand - 7th Jan 22
Is The Lazy Stock Market Bull Strategy Worth Considering? - 7th Jan 22
METAVERSE - NEW LIFE FOR SONY AGEING GAMING GIANT? - 6th Jan 2022
What Elliott Waves Show for Asia Pacific Stock and Financial Markets 2022 - 6th Jan 2022
Why You Should Register Your Company - 6th Jan 2022
4 Ways to Invest in Silver for 2022 - 6th Jan 2022
UNITY (U) - Metaverse Stock Analysis Investing for 2022 and Beyond - 5th Jan 2022
Stock Market Staving Off Risk-Off - 5th Jan 2022
Gold and Silver Still Hungover After New Year’s Eve - 5th Jan 2022
S&P 500 In an Uncharted Territory, But Is Sky the Limit? - 5th Jan 2022

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Prepping Minds for War Against China

Politics / US Politics Jan 17, 2011 - 02:42 AM GMT

By: Shamus_Cooke

Politics

Best Financial Markets Analysis ArticleYou'd think the U.S. was already at war with China, given the immense amount of anti-China rhetoric spouting from the government and media. But selling wars takes time. The average American hasn't bought in to this false advertising yet. So the big lie will be repeated until its roots are deeply sunk into the American psyche: China, says the U.S. government, is a threat that needs to be "dealt with.”


This propaganda assault is multi-faceted, taking aim from all directions. Any China-related issue -- military, economic, and social -- is open for attack. For example, the head of the U.S. Department of Defense, Robert Gates, recently visited Asia and focused much of his trip talking about China as a "military threat.”

What is this threat? Gates answers that China has shown a "rapid buildup of military capability,” proven by its production of a "stealth fighter.” The U.S. media had a field day with this news, intending to sow terror in the psyche of the American public.

A quick glance at the numbers reveals that Mr. Gates and the unquestioning U.S. media are unabashed hypocrites: China is nowhere near the U.S. when it comes to military expenditures: the U.S., under Obama, will spend $725 billion in 2011(!), while China will spend $80 billion.

When it comes to overseas military bases, China has zero; the U.S. has at least 737!

While Gates was traveling throughout Asia on his Chinese provocation tour, Hillary Clinton joined the attack, targeting China's human rights record in a lengthy, inflammatory speech, which included this slight:

"... when China lives up to its obligations of respecting and protecting universal human rights, it will not only benefit more than one billion people, it will also benefit the long-term peace, stability and prosperity of China."

Yes, China is a violator of human rights, but in voicing her criticism Mrs. Clinton managed to raise the bar of hypocrisy to new heights.

Has Clinton forgotten that Guantanamo Bay remains open, filled with tortured people who are charged with no crimes? Has she forgotten that Bagram Air base in Afghanistan continues to deny the International Red Cross access to its "black site" detention center, since they would discover the torture chambers described by ex-detainees? Need we mention Bradley Manning, who remains in solitary confinement without any criminal charges, for allegedly informing the American public about U.S. war crimes in Iraq and Afghanistan and all kinds of secret machinations?

But before Clinton's speech became yesterday’s news, Treasury Secretary Timothy Geithner provided anti-China reinforcements, this time blasting China's economy. The Washington Post reports:

"China's unwillingness to allow its currency to rise in value is hampering U.S. competitiveness in the global marketplace and harming the Chinese economy, Treasury Secretary Timothy F. Geithner said Wednesday... " (January 12, 2011).

Once again, utter hypocrisy. No single government has caused more damage to the global economy than the United States, whose corporations sparked the global downturn by saturating the world with trillions of dollars in fraudulent housing mortgages sold as top-rated investments.

This policy was encouraged by the U.S. government, which gave the corporations cheap money with little oversight, a strategy that continues to this day with the Federal Reserve printing dollars non-stop that U.S. corporations are using to speculate on foreign currencies and drive the prices up of oil and other raw materials worldwide.

The above-mentioned Obama administration officials have no problem peddling their anti-China bias to the U.S. media, which stumble over themselves to provide assistance whenever possible. The New York Times recently published an editorial entitled, The Real Problem With China:

"For the United States, the No.1 problem with China’s economy is probably intellectual property theft.” (January 12, 2011).

In reality, the real problem that the U.S. government has with China is two-fold: China's growth is pushing aside U.S. influence/power all over the world, which has negative influence on the profits of U.S. corporations, which are losing contracts to Chinese companies.

In response, the U.S. is provoking China in the media and militarily, encircling China by arming U.S. allies in the region, especially India, Japan and South Korea. Hillary Clinton responded to this allegation by denying it, while the Obama administration immediately contradicted her by its actions. The New York Times published an article addressing the issue while failing to connect the dots:

"The United States is not bent on containing China, Secretary of State Hillary Rodham Clinton said Friday, but the Obama administration is cultivating other allies across Asia to help it manage Beijing’s increasingly bold projection of military and economic power." (January 12, 2011).

This policy of encirclement and provocation can easily lead to war. As Obama continues to tighten the noose while China struggles to squirm its neck free, the odds grow that military "incidents" may happen, especially as the U.S. throws additional military force in waters just off China's coast in the South China Sea.

The Obama administration joins the right wing in trying to blame both the recession and the startling U.S. inequality in wealth on China. The real culprits are the corporate friendly politicians in the Democratic and Republican parties, which have both spent decades cutting taxes for the rich and corporations, while encouraging the wealthy to flee the U.S. and its living wage jobs for the third world, where slave wages equal larger profits.

The best way for working people to deal with this situation is to ignore the anti-China hype and focus their fire on the U.S. government and U.S. corporations. Demanding jobs from the government NOW that are paid for by taxing the rich is the best way to overcome the economic problems of the U.S. Working people cannot be distracted by fake overseas threats, whether they are alleged terrorists or foreign governments. The real threat continues to be closer to home.

Shamus Cooke is a social service worker, trade unionist, and writer for Workers Action (www.workerscompass.org).  He can be reached at shamuscook@yahoo.com

Shamus Cooke is a frequent contributor to Global Research.  Global Research Articles by Shamus Cooke

© Copyright Shamus Cooke , Global Research, 2011

Disclaimer: The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of the Centre for Research on Globalization. The contents of this article are of sole responsibility of the author(s). The Centre for Research on Globalization will not be responsible or liable for any inaccurate or incorrect statements contained in this article.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in