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How Low Can You Go: Selling Out Taiwan To Settle U.S. Debt With China?
Static Chaos
Post-Lehman and after the Too Big To Fail Wall Street banks were ultimately bailed out by the American taxpayer, Moral Hazard was cited as a major systemic risk to the global financial system. Three years later, a NYT OpEd piece has managed to potentially take Moral Hazard to the next level -- the fiscal and ethical system of the U.S. government.
From NYT written by Paul V. Kane (emphasis mine):
"With a single bold act, President Obama could correct the country’s course, help assure his re-election, and preserve our children’s future.
....He should enter into closed-door negotiations with Chinese leaders to write off the $1.14 trillion of American debt currently held by China in exchange for a deal to end American military assistance and arms sales to Taiwan and terminate the current United States-Taiwan defense arrangement by 2015."
Kane then went on to pat himself on the back that
"This would be a most precious prize to the cautious men in Beijing, one they would give dearly to achieve."
For those unfamiliar with this part of U.S. foreign policy history, here is a quick rundown excerpted mostly from Wikipedia:
The Taiwan Relations Act (the TRA) is an act of the United States Congress passed in 1979 under President Jimmy Carter after breaking the relations with the Republic of China (ROC) - Taiwan to establish diplomatic relations with the People's Republic of China (PRC).
While not recognized as "the Republic of China (ROC)", Taiwan is to be treated under U.S. laws the same as "foreign countries, nations, states, governments, or similar entities" under the TRA. The TRA also requires the United States "to provide Taiwan with arms of a defensive character", and "to maintain the capacity of the United States to resist any resort to force or other forms of coercion that would jeopardize the security, or the social or economic system, of the people on Taiwan."
U.S. administrations have since sold arms to Taiwan in compliance with the Taiwan Relations Act despite protests from Beijing. The TRA does not require the U.S. to intervene militarily if the PRC attacks or invades Taiwan, and the U.S. has maintained a "strategic ambiguity" in that scenario. However, a July 2007 Congressional Research Service Report confirmed that US policy has not recognized the PRC's sovereignty over Taiwan.
From the bio at NYT, Kane is "a former international security fellow at the Harvard Kennedy School, is a Marine who served in Iraq." As leaned as Kane might be, it is a serious stretch even for him to have come up with such a "creative solution" to America's debt problem, by selling out another government, which has very little to do with the debt agreement between China and the U.S. to begin with, breaking enacted U.S. laws all through "closed-door negotiation" with Beijing, without a single regard and consult to Taiwan.
Furthermore, Kane's proposal is essentially the epitome of Imperialism much despised by the West in that using Taiwan as a leverage to settle the U.S. debt owed to China, thus implying Taiwan as a piece of property owned and could be "traded" by the United States in a debt settlement negotiation.
Inter-country courtesy and decency to Taiwan aside, Kane's suggestion is just plain wrong on so many levels. It is ironic how the Arab Spring is overthrowing autocratic governments and leaders left and right, yet Kane has regressed to the opposite as to recommend President Obama basically bowing, symbolically as well as physically, to China, which is still largely autocratic despite recent progress, all for a quick trillion bucks.
Kane has also worked out the math for China:
"A deal for the resolution of Taiwan’s status could save China $500 billion in defense spending by 2020 and allow Beijing to break even by 2030, while reducing America’s debt and serving our broader economic interests."
Where do you think China would put the $500 billion saving in Taiwan defense? Hint: Beefing up the defense (think nuclear) against the U.S. would be a good guess!
Kane's conclusion:
....By tackling the issue of Taiwan, Mr. Obama could address much of what ails him today, sending a message of bold foreign policy thinking and fiscal responsibility that would benefit every citizen and be understood by every voter.
I'm sure the world community would be thrilled to learn that Obama's "bold foreign policy thinking", "fiscal responsibility", and his re-election all hinge on a tiny island with a population of mere 23 million. Jimmy Carter sold Taiwan out some 30 years ago, conceivably it would not be hard for the U.S. to do it again. But seriously, how low can you go?
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Older folks will remember the 1970s, when the US unilaterally abrogated its long-held treaty recognising Taiwan, in direct violation of the US Constitution making treaties sacred ... people went to the US courts about the Constitution, but the US federal courts were of course not interested in that 'piece of paper'. ... Not that the US shouldn't have recognised mainland China ... but the fact is the US never cared about either Taiwan or the law.
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Hey Static Chaos, it is pretty dorky to quote the CIA's Wikipedia site ... Any moron can look up whatever propaganda happens to be on the CIA's Wikipedia, put at the top of search results by the CIA's Google. In case you didn't know, Wikipedia founder Jimmy Wales works for the US government and is one of the 'dearest' friends of his fellow extreme Zionist, the President of Israel, who has thanked Wales personally for letting Mossad plant so much false info there.
Wales was hired to run Wikipedia because of his willingness to spread false info, tell lies and help murder innocent people. In the 1990s 'Jimbo' Wales was a mafia pornographer, likely doing child porn, he is such a criminal ... probably how the US regime blackmailed - pushed him into being the front face for Wicked - Pedia.
Wikipedia is 'anonymously' sourced precisely because it is where US and Israeli agents can plant false information on selected targets, leaving the other 90% sort of 'neutral' sounding, to make the false info more effective
And remember the CIA folks can totally change what anyone reads there in the blink of an eye, by the time you check back to it ... aaaand it's gone.
If you can't take a minute to go and find an actual legitimate source for something, you shouldn't make yourself look ignorant by using the CIA shill-site as your source, like a 12-year-old would do.
Or are you among the deluded folks who thought Wikipedia was 'volunteers'? Ha!
Recognizing that Taiwan will revert to China anyway within the next 50 years why not get some dough for it while it still has value. If we wait the Chinese are just going to anex it for free anyway as our global power ebbs and theirs rises. The main problem with this "idea" is it asks people to accept the end of the American Empire and that is some thing a lot of folks simply won't or can't psychologically do. So in the end we will waste trillions more on the infr-structure to "defend" it and end up losing it anyway.
The Mexicans are also out breeding white Americans. Any suggestions ?
Get a Mexican girlfriend.
"The Mexicans are also out breeding white Americans. Any suggestions ?"
While they are out, you could re-arrange their furniture.
Hmmm, interesting.
Can you back up that with a link? Preferably not wikipedia.
i better go back to the wikipedia addition i did on General Patton where i clarified that he was bumped off just as he was about to go back and tell the US president that we fought the wrong side in WW2.
My family lived in occupied Europe.
The US was not on the wrong side in WWII.
Nazism was a vile evil thing that needed to be defeated.
aaaand it's gone . . .
I just read Wikipedia on Patton, and did not see the reference. I guess I could have missed it as I skimmed over a few parts of the entry?
Mother-fuckers!!! Gone.
Great links Brussels boy - i'll trawl through now.
Here in Brussels I know some of the EU officials who will be issuing fines against Wikipedia and Google for their crimes, and I know the political refugee from the US in Belgium who is currently a target of major deceptive hoaxes on Wikipedia. I use one of the photos taken by this dissident for my avatar, he is also known here for some popular photos of Brussels as well as being under the protection of the House of the King of Belgium.
Years ago, this dissident - who has all his websites illegally blocked from Google -
Live Photo: Google Inc. Caught Censoring EU Search Results (for USA - CIA)
Google Internet Censorship - Censure d'Internet par Google - Internet censuur door Google
http://www.flickr.com/photos/22325431@N05/6100668211/in/photostream
The guy whose writings are being censored in that picture above, years ago he wrote an article about the CIA and Wikipedia, which was later proved entirely true by Wired News and other people tracing Wiki edits back to CIA computers et cetera ... consider that Google blocks this from search results:
Wikipedia is a US Government Fraud - How US Agents Can Embed in Wikipedia, Plant Propaganda, Delete Facts, Deceive and Attack Citizens - Wikipedia and the CIA
http://www.banned-in-america.net/wikipedia-cia-answers-com.html
EU Report with a lot of detail about Wikipedia spreading lies, amid its overall focus on crimes of Google:
Report to the EU Parliament and the Commission of the European Union
Anti-Competition Crimes of EU Internet Monopoly Google Inc. (with CIA) and Wikipedia (with CIA), to Erase EU Journalism, to Slander and Murder EU - Polish Citizen, Writer, Journalist Dr Les (Leszek - Leslie) Sachs
http://www.indymedia.nl/nl/2011/07/77181.shtml
Original in pdf format:
http://eureportsnonzionistjews.hostfile.nl/file/0zndj5ea3v/410/nzjd-eu-r...
'Ex-Agent: CIA Seed Money Helped Launch Google', retired intelligence agent Robert David Steele interviewed by Paul Joseph Watson on Alex Jones' Prison Planet site, and speaking of the CIA's Dr Rick Steinheiser and his connections with Google:
http://www.infowars.com/articles/bb/google_cia_seed_money_launched_googl...
There is a fair amount on the web about what a gang of perverts the Wikipedia 'hive' is, its long-term ruling clique of a few dozen people, but you have to dig for it.
Like Wikipedia lawyer Fred Bauder, a total scum with background as a sex pervert molesting criminal he doesn't deny. This Colorado lawyer Bauder has sent nasty mail to Belgium indicating he personally supports using Wikipedia to spread lies and hoaxes to murder this brave ex-American dissident here.
The criminal background of Bauder seems to be the core profile of the Wikipedia controllers, they are criminal gangsters, period. No one would do that for the money, they have to be seriously psychopathic, or blackmailed, to be the front for all that false information to destroy innocent people, and to ignore the hundreds of thousands of complaints.
The EU now understands this. Europeans are finding that the Wiki-gangsters have no curiosity or interest in any facts or truth, they are just taking orders from US intel, Mossad & et cetera.
A retired NY Times journalist, Rosenbaum, was shot dead on US streets after he started to ask too much about these things. One of many murders sponsored by Wikipedia and the criminal American oligarchy.
@bank guy in Brussels
Thanks for the info and links you provided about the relationship among CIA - Google - Wikipedia! (And other popular social networks not mentioned here: Facebook, MySpace etc)
However, one thing you put here is boggling my mind, that is about ALEX JONES.
"...It becomes more apparent daily that the Truth Movement is being manipulated by the Establishment in order to track opponents, possibly to more easily crack down on dissent as their tyranny grows. There are dis-info agents in place who peddle their half-truths to corral people into fighting an intangible enemy, whilst the architects of ourdownfall continue unaffected. Alex Jones comes to mind as the most prominent of these shills..."
"...He likes to argue that Israel is a puppet of the USA, whilst the reverse is the case. Unity with such as Jones is not possible. He belongs in the enemy fold and cannot be trusted."
"The Truth Movement is connected to the Alternative Research Community by proponents of Establishment propaganda. People who question the tall-tales of the Establishment are labelled as Conspiracy Theorists. The term is used to give the impression that people who do not believe what the media tell them must be mad. Rather than address important issues such as the detrimental effects of Sodium Fluoride, toxins in Vaccine, the Man-made Climate Change tax-raising con, Imperialistic Corporate Wars presented as humanitarian missions, the story of human-killing Gas chambers to justify the genocide of Palestinians and laws against patriotism worldwide for all but Israelis, to mention a few of many serious issues, the Establishment brand dissenters as wacko conspiracy nuts who should be given no platform. Silence the messenger to discredit the message - a tyrants tactic throughout the ages."
Read more here: No Platform! Establishment Division to stop Natural Unity
http://bit.ly/uPwRG1
AND also here:
"Alex Jones has been built up to be a leader in the 'Truth' Movement. He has used this position to mislead his followers. Jones now leads what could best be described as a cult. His lies are doing immense damage to the real resistance and must be exposed."
http://bit.ly/sYj4RI
how low can you go
join the athletic dept at penn state .. 1990-2010
eyes wide shut ..go penn go
The fact seems to conclude that this administration is selling out Israel right now with Iran. Is it a stretch that Obama would side with the Chinese government? Crazy times we live in.
...The fact seems to conclude that this administration is selling out Israel right now with Iran.
Chortle. Did you get lost on your way to the NYT?
How about we tell China to shove our debt up its ass.
China wants to swing its big dick around in europe also.
You know what, all we in the US and Europe have to do is say no more.
No more dumping your shitty crap on us.
No more dollar peg.
No more raw material.
Junk all you want -we are at war with China and they are winning.
Think missle launches in California, spy plane dismantling etc.
Who actually has control?
We do, they hold our used toilet paper and think its money.
We shut Chinas exports to the US and Europe through leveling tariffs and ten minutes later they are toast, and they know it.
We absolutely have to get leadership in place that will restore balance in our trade with China.
How about we call our debt versus Chinas theft of our technology liquidated damages.
Bunch of China lovers here apparently.
Fear not, keiko says china has a small dick. they are collapsing under their own weight. Take their money, and sell arms to Taiwan, via Iceland... they can use the commission. Case closed.
Bullshit. They were saying the same things about Japan 20 years ago. Look at JPN now.
Default on $1+ Tr in debt to a sovereign state? Pfft. The damage to U.S. credibility would dramatically outweigh the value of such a move.
Think, nimrod. Do you really want the Fed as the only source of lending? Pfft. At least we get consumer goods from China. From the Fed, just inflation.
(BTW I like how you decry everyone else as China lovers to preemptively deflect any criticism of your grossly irrational proposition)
I didn't say default on it dumbass.
I said it is not to be used as leverage against us.
The Chinese pulled this stunt on the European delegation yesterday demanding inclusion in the monetary basket, and other concessions. The delegation told them to shove it.
They are the ones swinging around the debt to make US take a position that is morally reprehensible.
http://www.targetmap.com/viewer.aspx?reportId=3073
Apparently in China its a little dick, maybe the smallest dick in the world.
China must have pictures then of their little dicks in our leaders.
careless
on the other thought, the sizes of D I C K and BRAIN do go to the opposite direction :D
See it here :)
World map of National IQ Scores vs Average Penis Size by Country - TargetMap
http://www.targetmap.com/viewer.aspx?reportId=4923
careless
JESUS CHRIST! What's the hell to do with "D I C K" here??? If you have one, you should find its pleasure elsewhere! If you have none then just be silent :D
btw you just reminds me of the another dickhead belongs to halliburton, the warring lord...D I C K C H E N E Y
No doubt about that but I have a hard time believing the maplesuckers are better endowed than their big brother to the south. Wedgie time.
Well, I did see an American write last year "if you ain't lieing, cheating or stealing, then you ain't trying hard enough".
A nice sub set of values to greed I guess! The white hat that the US proclaims to wear looks pretty black to me!
From a single observation of a sample size of one you've calculated the sentiment of a population of 300,000,000. Wow, sir, I am impressed. I nominate you for the Abel prize.
If it was in the NYT then it's a trial balloon. China doesn't need the deal as increased trade will in time result in Taiwan being assimilated, much like Canada and Mexico will ibe assimilated into the US n the next 25 years. The idea of an economic catalyst to accelerate the eventual return of Taiwan has merit and if the US could obtain a meaningful concession they would cut Taiwan loose in the twinkling of an eye. You have to look no further than the Arab Spring/Hell to find evidence of how America operates, which is little different than in the past except a bit more clumsy. But make no mistake, if there were a deal China would win on both ends.
moral relativism writ large. statists go wild. comparisons to chamberlain, etc.
how about a deeper analysis?
thank You for catching this and speaking out.
http://expose2.wordpress.com
Shucks, why not just tell the whole world to fuck off and close all our borders (Metaphorically speaking because the physical closure hasn't been too succesful) with tariffs and protectionism. Let's crap on ALL of our friends and allies of long standing in exchange for a few dollars. And let's tell OPEC to fuck off as well unless they give us a special deal. If the rest of the world doesn't like it, we'll just not import anything. That'll teach em!!
A large part of the problem in the US is that it it has lost its moral compass to a corrupt Government and crony capitalism. Is it any surprise that most of the world looks at the US as a spoilt brat in no position to provide any type of effective leadership?
The world looks at the US as a bunch of business pansies, complete business idiots.
The US goverment making the worst deals imagineable to our greatest collective detriment, not to our US benefit.
Smoot-Hawley was not the cause of our 30's depression, crazy polices by Wilson were.
Regardless the unbalance of trade with China is very harmful to the US and its workers. Its great for the multinational traders and banks though.
We are talking about a trade war with a country that is abusing our good nature.
http://www.census.gov/foreign-trade/balance/c5700.html
Trade wars won't fix your problems, which are much closer to home. You need structural reforms of both your political system and the corruption within it. I agree that US Corporations have been the main beneficiaries of "Globalisation" but, because of the very corruption within the system, they are not going to allow protectionisn to take hold, making your arguement self-defeating. Manufacturing jobs are NEVER coming back to the US. So whilst the political system is being fixed, you might also start to take a look at your education system (By all means compare it to China, Korea etc.) and your social demographics. What are all those folks going to do if not manufacturing? Before law and order starts to break down, The US cannot remain in denial that it has major structural problems and a Trade war would not solve the problems you seek to address, nor would it address the real sytemic problems. It would, of course, provide a further distraction as part of more can-kicking. But it seems that Iran has already been selected for that purpose, which is a much more palitable solution for both the politicials (Who will wrap up in the flag) and the Military-Industrial compex (The former because budgets would get immediately increased again and the latter would benefit directly from the former)
The US is failing as a service economy.
So the only US solution is endless wars, killing our precious troops, and thousands of foreign innocents.
I think I would rather tariff Chinese goods.
You're right there about the endless wars. The US is right now prepping for the next war with Iran. Notice how Iran has become the favoured villian in the MSM ? Iran haven't done anything specific lately, but the negative articles on Iran in the MSDM have suddenly jumped since the US/Nato captured Libya. So, expect a war with Iran just before the elections to enable Obama to win re-election.
It was really succesful last time? The only thing that will change is that everything will cost more. US consumers will love that right now? Chinese labor at $1 per hour, compared to an average $23 per hour in the US is not suddenly going to become uncompetitive, unless, of course you make your tariff @X000%. And if you think for one minute that Congress would do anything useful with the income..........................
If you hadn't realized by now, US Corporations don't give a shit about the US people and have benefited greatly from Globalisation. Most of the value added on goods manufactured in China accrues to US Corporations in the form of now record margins. These profits don't accrue in China either but are transfer priced out to a tax haven via inflated raw material prices, royalty payments, Licensing fees etc, So, in any case,the Corporatocracy isn't going to allow this to happen happen. Which brings us back to the structural problems?