? Metrics of success | Main | End of an era ?
September 15, 2009
The blood-dimmed tide is loosed
Edward Harrison calls it a "murder-suicide in Chimerica" as the devil's bargain economic engine behind the global economy begins the slide into a trade war between a capitalist mainland China and a Marxist United States.
The ideological gloss on that last bit might be my interpolation.
On June 16, I wrote a post “Beijing starts a ‘Buy China’ policy” which clearly demonstrated that the Chinese were incensed by the Buy America provision in America’s stimulus bill. The trade war was on.
The ‘Buy America” and the “Buy China” provisions were nationalistic and prevented goods from other countries being bought. However, they were merely passive protectionism i.e. legislative exclusion of foreign goods and services. No tariffs were assessed.
But when Barack Obama chose to slap 35% tariffs on Chinese tire imports, this was an unmistakable act of active protectionism. This was the proverbial serving of divorce papers.
The ‘Buy America” and the “Buy China” provisions were nationalistic and prevented goods from other countries being bought. However, they were merely passive protectionism i.e. legislative exclusion of foreign goods and services. No tariffs were assessed.
But when Barack Obama chose to slap 35% tariffs on Chinese tire imports, this was an unmistakable act of active protectionism. This was the proverbial serving of divorce papers.
Evidence: The ghost fleet poses a question... Who are you going to believe: Obama or your lying eyes?
The biggest and most secretive gathering of ships in maritime history lies at anchor east of Singapore. Never before photographed, it is bigger than the U.S. and British navies combined but has no crew, no cargo and no destination - and is why your Christmas stocking may be on the light side this year.
Posted by Ghost of a flea at September 15, 2009 08:10 AM
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