China

By free trade wt China, did we supply the rope by which they will eventually hang us with economical

  • Yes

    Votes: 0 0.0%

  • No

    Votes: 4 33.3%

  • Everything goes in cycles. It may be China's turn to be top dog.

    Votes: 0 0.0%

  • The USA is just too storng and balanced economically and will remain the prime economic power in the

    Votes: 8 66.7%
  • Total voters
    12
TGHusker said:
Cue me in - how did that happen under Trump?  I've heard nothing but its Biden's attack on American oil from the GOP. 
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Don't have time to go back and find the whole story, but early in Trump's presidency oil prices climbed significantly. Trump went to the Saudi's and begged them to produce more oil to lower prices. Prices went so low it bankrupted the US fracking market. They all started shutting down production. Once closed, the price started to go back up, then COVID hit and the market killed off the remaining Frackers, with Putin over in Russia refusing to cut oil in concert with OPEC in order to put the final nail in the market for US oil producers. 

https://ieefa.org/wp-content/uploads/2020/01/Bankruptcies-in-Fracking-Sector-Mount-in-2019_January-2020.pdf 

https://www.wsj.com/articles/trump-asks-saudi-arabia-to-boost-oil-production-1530360926

 
Born N Bled Red said:
Don't have time to go back and find the whole story, but early in Trump's presidency oil prices climbed significantly. Trump went to the Saudi's and begged them to produce more oil to lower prices. Prices went so low it bankrupted the US fracking market. They all started shutting down production. Once closed, the price started to go back up, then COVID hit and the market killed off the remaining Frackers, with Putin over in Russia refusing to cut oil in concert with OPEC in order to put the final nail in the market for US oil producers. 

https://ieefa.org/wp-content/uploads/2020/01/Bankruptcies-in-Fracking-Sector-Mount-in-2019_January-2020.pdf 

https://www.wsj.com/articles/trump-asks-saudi-arabia-to-boost-oil-production-1530360926
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Yes, it is coming back to me.  And here I live in Oklahoma  one of the frackyest  states ever - we have the earthquakes to prove it. 

 
Born N Bled Red said:
Don't have time to go back and find the whole story, but early in Trump's presidency oil prices climbed significantly. Trump went to the Saudi's and begged them to produce more oil to lower prices. Prices went so low it bankrupted the US fracking market. They all started shutting down production. Once closed, the price started to go back up, then COVID hit and the market killed off the remaining Frackers, with Putin over in Russia refusing to cut oil in concert with OPEC in order to put the final nail in the market for US oil producers. 

https://ieefa.org/wp-content/uploads/2020/01/Bankruptcies-in-Fracking-Sector-Mount-in-2019_January-2020.pdf 

https://www.wsj.com/articles/trump-asks-saudi-arabia-to-boost-oil-production-1530360926
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Those are great articles and thank you so much for posting them.  I might need to send them at some point to my MAGAt friends.

 
Born N Bled Red said:
Don't have time to go back and find the whole story, but early in Trump's presidency oil prices climbed significantly. Trump went to the Saudi's and begged them to produce more oil to lower prices. Prices went so low it bankrupted the US fracking market. They all started shutting down production. Once closed, the price started to go back up, then COVID hit and the market killed off the remaining Frackers, with Putin over in Russia refusing to cut oil in concert with OPEC in order to put the final nail in the market for US oil producers. 

https://ieefa.org/wp-content/uploads/2020/01/Bankruptcies-in-Fracking-Sector-Mount-in-2019_January-2020.pdf 

https://www.wsj.com/articles/trump-asks-saudi-arabia-to-boost-oil-production-1530360926
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And yet we hear all of the talk radio guys saying it Biden that is destroying American oil.  Never once does Hannity point out what Trump has done.

Trump running for president in 2015 was all a publicity stunt to enrich his brand.  Never in his wildest dream did he think he'd win the thing.  However, once he did, might as well make the most of enriching himself and family with the opportunity.  Think of all of the ways trump used his hotels, gulf properties,  etc for 'govt work'.  Who knows how much is yet to be unearthed.  

 
For all of its benefits, globalism also brought us a world whereby China could place a stranglehold on US foreign policy because of their dominance in the chip market (not potato chip - that would be Lays :D ) critical minerals, and even pharmaceuticals (why we outsource drugs is beyond me).   The USA needs to bring home what they can and develop new partnerships with friendly nations.  I've said it before and I'll repeat it again - long term I think it would be best to find a way to make our hemisphere the supply chain - it would solve so many problems if that could be possible.  But you have to have local govts that aren't corrupt in order to make it happen as well. 

https://www.barrons.com/news/us-worries-china-will-use-supply-chains-as-weapon-413d5b2d

The pandemic demonstrated how the disruption of a single factory in China or elsewhere could halt the work of major industrial operations around the globe.

The "Annual Threat" report singled out China's dominance in technology sectors including semiconductors, critical minerals, batteries, solar panels, and pharmaceuticals.

It pointed to an April 2020 speech by Chinese President Xi Jinping who said China sought to increase control of key supply chains to be "able to use those supply chain dependencies to threaten and cut off foreign countries during a crisis."

"China's dominance in these markets could pose a significant risk to US and Western manufacturing and consumer sectors if the Government of China was able to adeptly leverage its dominance for political or economic gain," it said.
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Interesting opinion piece on how China's demographic issues from the one child policy may backfire on their aspirations of being the world's super power.

https://www.cnn.com/2023/09/07/opinions/rising-superpower-myth-china-rayburn-bergen/index.html

Interesting opinion piece on how China's demographic issues from the one child policy may backfire on their aspirations of being the world's super power.

https://www.cnn.com/2023/09/07/opinions/rising-superpower-myth-china-rayburn-bergen/index.html

 
China courting our hemisphere.    Where is the  Monroe Doctrine when you need it  :dunno

We got to make sure we don't alienate our neighbors - while we 'fight a proxy war' in Ukraine.   

To fight the drug war and the immigration issue, we should be working on a holistic approach to the region.

Foreign aid and greater cooperation should begin at 'home' before it is spent in Saudi Arabia for example. 

https://www.msn.com/en-us/news/world/china-has-silently-taken-over-south-america/ar-AA1h3Nho?ocid=entnewsntp&cvid=2ca5931a15af4feee3b4219095383e5f&ei=16#image=1

 
China appears ready to patch things up wt the US.  Perhaps their shaky economy is the reason.  They can't afford to lose the 

economic ties they have wt the USA and the West.  

https://www.barrons.com/news/china-ready-to-improve-ties-with-us-at-all-levels-vp-1a5ae0c5

Beijing is ready to hold talks with the United States at "all levels", China's vice president said Wednesday ahead of an expected summit in San Francisco between leaders Xi Jinping and Joe Biden next week.

Speaking at the Bloomberg New Economy Forum in Singapore, Chinese Vice President Han Zheng said recent high-level meetings between Beijing and Washington were sending "positive signals" that relations were improving.

"We're ready to strengthen communication and dialogue with the United States at all levels, advance mutually beneficial cooperation, properly manage differences and jointly address global challenges," Han said.




 



Relations between Washington and Beijing sunk to some of their deepest lows in recent years over a host of issues including export controls, human rights and national security.

But both sides appear willing to patch things up, with Washington sending a number of top officials to Beijing this year in a bid to reestablish high-level dialogue.

US President Biden has said he expects to meet Chinese leader Xi on the sidelines of a summit in San Francisco next week for "constructive" talks.

Asked to confirm whether the summit would go ahead, China's foreign ministry Wednesday reiterated that the two sides had agreed to meet.

"At the same time, the road to San Francisco is not smooth, and we cannot be on autopilot," ministry spokesperson Wang Wenbin told a regular briefing.

 
"Both sides must... truly implement the consensus reached by the two heads of state, eliminate interference and overcome obstacles, enhance consensus and accumulate results," he said, alluding to a meeting between Xi and Biden in Indonesia last year.

And while Beijing is yet to confirm the meeting, Han on Wednesday reiterated Xi's opinion that the question of US-China ties "bears on the future of humanity".

The world is big enough for the two countries to develop themselves and prosper together," he said.
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Yep. I just read a long article about the decline of China under Xi Jinping. So many of the free market and cultural doors that had opened are now slamming shut. The economy is tanking and the entrepreneurial class is depressed, along with everyone else.

Xi has been called "Mao with Money."  China still wields economic power, but he's steering it to a cult of personality with no room for dissent.

Among the eye-opening stats: In three years of massive development, China poured more concrete than the U.S. did in the entire 20th Century. There was no place to go but down. 

 
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