Bundle Up, Mr Xi!

Whilst China is doing all it can to divert from them the wrath of the Western powers, I doubt the strategy will work.

Claims for compensation will soon start to go around. But I doubt this will be decided in international courts of law in any meaningful way.

Rather, the economic pressures that all Western Countries will experience will create a correspondent pressure to make China pay for the mess they have caused. Whether this takes the form of tariffs, trade sanctions, expulsion from the WTO, refusal to honor debt (the US can inflict great damage on China with, so to speak, a couple of signatures, simply by nullifying the US debt they hold as damage compensation), repatriation of industries or a mixture of all this, there is no doubt that China will hurt; then everyone understands by now that a lying communist dictatorship is no trade partner worth having. 

Actually, it would be a bold, but wise move if Trump were to declare, very publicly, that China is going to pay the cost of the measures taken by the US Congress out of the US debt they hold first. In one bold strike, he would reassure many worried US household about the real economic impact of the crisis; decrease or, in the extreme case,  even nullify the flux of interest payments wandering to China every year, and show the world who is boss; which latter will not do much to promote the evil Chinese “Belt and Road” plans.

The Chinese can try to influence as many Western journalists as they wish. But as the economic pain becomes clear in the next months, they will find it very difficult to escape punishment, nor will they have a corrupt Mr Biden as their counterpart in Washington.

The next years are going to be difficult for China; and the very likely sudden halt of the economic progress they have been achieving, largely out of the West, will make it more difficult for them to hold on to power, as the rage for the countless, if never admitted, virus deaths adds to the rage for the economic woes that are pretty sure to come.

Bundle up, Mr Xi.

It is going to get very cold.

Posted on April 5, 2020, in Catholicism, Conservative Catholicism, Traditional Catholicism. Bookmark the permalink. 3 Comments.

  1. Hello Mundy,

    I think the Lyndon LaRouche crowd would disapprove of your China assessment.

    A few days ago this happened:

    Coronavirus update: A $20 trillion lawsuit has been filed against Chinese authorities in the US over coronavirus outbreak. American lawyer Larry Klayman and his advocacy group Freedom Watch along with Texas company Buzz Photos have filed the lawsuit against the Chinese government, Chinese army, the Wuhan Institute of Virology, Director of Wuhan Institute of Virology Shi Zhengli and Chinese army’s Major General Chen Wei.

    Pray that Larry prevails.

    Perhaps the Silk Road will start fraying and the expression “smooth as silk” will take on a new meaning?

    Happy Palm Sunday…I have my palms thanks to an SSPX chapel where 4 Masses will be celebrated today. I hope you obtained yours.

    God bless!

  2. Please excuse me for sharing this information first. It is actually Fr. George Rutler who made this comment today in his weekly email, I’m just passing it along. Apparently palms have been distributed by some means, I know they were in the US, my niece brought some, and there is a concern they could have the virus on them. I’m sorry, depressing I know, and probably too late, but maybe we should kick any palms we have just gotten outside….sigh….God help us.

    China was just given a very important seat on some UN Human Rights Committee or board. This AFTER their delay in informing the world about the virus that some suspect came out of their Wuhan Lab which studies coronavirus, not the “wet market”, which Xi is still allowing to operate, which is inexplicable if they were thinking the virus actually came from there.
    So the UN or WHO or both are owned by China, because who would put China on a Human Rights Board of any kind at this point. The world does pretend that the people who suffer and die there, don’t, but hasn’t it become ridiculous?

  3. Pegon Zellschmidt

    As the inimitable (in this case, not Mundabor👍) Ann Coulter points out, “China makes more than 90% of our antibiotics, vitamin C, ibuprofen and hydrocortisone, 70% of acetaminophen, and 40% to 45% of heparin, according to The New York Times. The last American penicillin plant closed more than 15 years ago.

    In early March, the Chinese government ominously warned that if China stopped exporting drugs, “the United States would sink into the hell of a novel coronavirus epidemic.”” snip

    First things first.

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