I rambled a bit yesterday, but I basically said that the current arrangement between the US and China cannot last. They can't continue to send us goods for our depreciating Dollars--and I mean depreciating in terms of purchasing power, not in relation to other currencies--only to lend many of those Dollars back to us. I talked about China and the US as competing empires, though China has mostly refrained, thus far, from openly using its military to advance its interests. To gain access to commodities and control market share, the US and China will likely fight a war, or a series of wars by proxies, in the not too distant future. Press TV, 6/6/12:
The United States and China are at odds over controlling the world’s energy resources especially now that Washington is shifting its military focus to Asia, says Linh Dinh, Pennsylvania-based political analyst and writer.
To achieve their goal, the U.S. is using its “military might to intimidate” other nations in Europe, Africa and Asia, he said in an interview with the Press TV’s U.S. Desk on Tuesday. But, he added, China is trying to advance its economic agenda through “diplomacy.”
U.S. Defense Secretary Leon Panetta last week announced Washington’s plan to deploy military warships and troops into Asian waters reportedly to counter a rising China. The decision faced Chinese opposition.
Dinh said the U.S. has made the decision to use its military force “to prevent China from moving more aggressively” into the European market.