In a
recent column in The New York Times, Paul Krugman opines (rather than
asserts) that “China” (by which he refers to “the Chinese Dictatorship”) is “teaching
[President] Trump a lesson in economics”. Even assuming that Trump was remotely
interested in or capable of being taught a lesson in any discipline (this is
the first faux pas on the part of Krugman), the reality is that the Chinese
Dictatorship is not able to teach economics to anyone: it may well signal
to financial markets its “readiness and willingness” to manipulate economic
policy in a manner intended to deter finance capital from
speculating against the yuan and thus bringing forward what is the inevitable
crash of the Chinese “Seinfeld economy” (an economy “about nothing”) – but the
last thing the Rats in Beijing can do is to enable themselves to carry
out these threats – simply because their economic and financial predicaments
are growing and deteriorating by the minute, and soon will result in a
catastrophic implosion of the Chinese economy and explosion of
the Rat Han Chinese society – already ominously presaged by the unprecedented
unrest in Hong Kong and growing international insufference (to coin a word) and open defiance
against the ingerence and downright hateful, arrogant, detestable interference
of the said Dictatorship in the internal affairs of all its neighbours, in
areas as far as Antarctica and, of course, the Moon – and Mars to come next!
The atrabilious
barking at the moon of the Chinese Rodents has so little effect – indeed, only
the opposite of the intended effect – on the rest of the world that even its
own Rat Han Chinese subjects are starting to rise against its contemptible
and laughable pranksterism – because it is simply damaging and indeed
demolishing their already extremely poor and decadent economy and society!
This is
not the first time that, in our own saying, Krugman is “not on the money”. Nor
will it be the last, judging by his penchant for confusing very distinct
matters. Like many other commentators, Krugman confuses the idealistic economic
theory of the Western bourgeois academic economists with the Realpolitik of
what truly lies behind and beneath all economics – Political Power and Military
Might! And in these two realms not only is the Chinese Dictatorship simply
unable to compete with the US of A, but also as Trump is making evident,
when it comes to the short irons Uncle Sam is capable and, with Trump, ready
and willing to blast out the brains of the Chinese Rodents! It takes a thug to
deal with thugs! Krugman is not a thug – he is an economist. But
unfortunately for him the conflict between the West and the Chinese Murderous
Rodents is no longer about strict economic niceties! This is a War! And one
that We, the West, are ready, willing, and able to win!
Krugman again
opines (rather than argues – an argument has some semblance of plausibility)
that the Chinese Rats have plenty of ammunition to counter US tariffs. But if
that were true, why then are they so frightened stiff and vocally incandescent
about the Trade War instigated by Trump? Why do they risk – and truly they are –
the collapse of their currency by devaluing their currency? Remember Lenin –
cited by Keynes – “the best way to destroy a country is to undermine its
currency”! Remember – devaluations are never resorted to by national
monetary authorities from a position of strength! Currency devaluations
(however “competitive”) are always and everywhere a clear signal of economic and
financial weakness! Go Trump!
For reference, here is a piece that we wrote 8 years ago! - Showing how risible are the "threats" from the Chinese Murderous Rodents that Western journalists take so seriously. Indeed, the Rat Economy is very important to the West - but only because all economic exchange is "important". What is vital in political economy, however, is the Real Power (political, industrial, military) that nation-states have. And in that dimension we are capable - and must be ready and willing - to destroy the Murderous Chinese Dictatorship!
Sunday, 7 August 2011
Empty Chinese Threats
You may have noticed some suggestions in the WSJ that the Chinese dictatorship "may slow down the internationalisation of the yuan" if the Fed goes ahead with QE3. Now, that is the sort of "threat" that would tickle you pink (!) because, for one, the dastardly dictators are doing nothing at all to liberalise their exchange rate and capital flows and, for another, the US would, if push came to shove, instantly destroy whatever will remain of China's economy after QE3 with a simple 10% tariff on all those useless cheap imports from the Beijing executioners!
The G7 meeting called for late Sunday, early Monday before Asian market open is intended exclusively to save the behinds of European leaders whose economies and finances now hang on a thread! (Nothing to do with China or their pathetic "threats".) What the Bernanke Fed must not do is get swayed or distracted: it must act with "Rooseveltian resolve" and tell these capitalist bastards in China, Germany, Japan and South East Asia that either they return to a regime of "relative", not "absolute", exploitation (see our recent explanation below for the definitions) or else all bets are off and they can hang from the nearest trees!!! Happy week-end, friends.
The G7 meeting called for late Sunday, early Monday before Asian market open is intended exclusively to save the behinds of European leaders whose economies and finances now hang on a thread! (Nothing to do with China or their pathetic "threats".) What the Bernanke Fed must not do is get swayed or distracted: it must act with "Rooseveltian resolve" and tell these capitalist bastards in China, Germany, Japan and South East Asia that either they return to a regime of "relative", not "absolute", exploitation (see our recent explanation below for the definitions) or else all bets are off and they can hang from the nearest trees!!! Happy week-end, friends.
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