Dreadful Solution?

The American economy picked up after 1938 when there was a war, and massive “deficit spending”. But thank you, that’s hardly the cure we want, though with sabre-rattling against Iran and naval posturing in the Far East is what we might easily get.

If the United States want a fruitful discussion with China on the subject of currencies, perhaps they should not be sending aircraft carriers into China’s neighbouring seas; not be conducting aggressive-looking exercises there; not be backing Japanese claims to uninhabited islands claimed by many others – including the Chinese; not be so energetically trying to interfere, politically and militarily, in East Asian affairs generally.

After all, is it not the case that the United States was only able to pay for its current hi-tech military by way of indebtedness to China?

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