THE LEAD

                                                                                                                                                                                                                                                                                        

The U.S.-China Relationship

August 26, 2019
President Donald J. Trump joins Xi Jinping, President of the People’s Republic of China, at the start of their bilateral meeting Saturday, June 29, 2019, at the G20 Japan Summit in Osaka, Japan. (Official White House Photo by Shealah Craighead)
President Donald J. Trump joins Xi Jinping, President of the People’s Republic of China, at the start of their bilateral meeting Saturday, June 29, 2019, at the G20 Japan Summit in Osaka, Japan. (Official White House Photo by Shealah Craighead)

In the latest round of escalation of trade warfare between the U.S. and China, President Donald Trump issued a series of tweets on Aug. 23, including one that stated: “We don’t need China and, frankly, would be far better off without them.”

The following day, that view received a prompt and explicit response from China, in an editorial of Xinhua, the official news agency of the People’s Republic of China: “The U.S. economy will not be stronger without China. Any discussion of severing ties between U.S. and Chinese companies is ridiculous at best.... Constructive engagement is still the right way forward.”

Helga Zepp-LaRouche went even further, stating that it is simply objectively wrong to think that the U.S. or the world can solve its economic problems without China, and its Belt and Road Initiative; just as it is objectively wrong to think it is possible to solve the planet’s strategic problems without Russia. The British Empire and those in Europe and inside the U.S. who share their policies, have orchestrated a dramatic worsening of the strategic situation over the last few weeks on all fronts, Zepp-LaRouche added. Official Washington is moving from characterizing China as a competitor, then a rival, and now there is explicit talk of China being an enemy.

The same is happening with the sharp escalation of ballistic missile testing which is targeting both Russia and China.

Whatever the points of pressure or manipulation around President Trump on these matters, Zepp-LaRouche stated, they must be broken to shake him and the U.S. government loose from the current trajectory, which is extremely dangerous and will be devastating for the U.S. generally and for Trump’s reelection specifically. It is a trajectory which is the exact opposite of what Lyndon LaRouche called for, with his Four Powers proposal, for the U.S., China, Russia and India to cooperate on stopping the British Empire’s wars and looting, and instead establish a new world order based on science and classical culture.

The driving force behind the strategic phase-change that the British have orchestrated over the last few weeks on multiple fronts, is the utter, imminent bankruptcy of their entire financial system. They are openly scheming about “a regime change in monetary policy” that will make the $17 trillion in total quantitative easing to date pale in comparison. They are intending to implement a “Synthetic Hegemonic Currency” to make all semblance of national sovereignty over monetary and credit policy disappear, and force all credit flows into keeping their $1.5 quadrillion speculative bubble afloat, including with “green” boondoggles whose only purpose is to wipe out what little remains of productive industrial economies.

And yet, as Lyndon LaRouche proved conclusively, there is no conceivable way they can salvage their system, regardless of the hyperinflationary firestorms they unleash. Only the bankruptcy reorganization of the entire system, with Glass-Steagall and related measures, can work, and get the planet off its current suicidal trajectory.

President Trump’s next tweet really ought to say: “We don’t need the City of London and Wall Street and, frankly, would be far better off without them.” That would be true; it would be in keeping with Trump’s own campaign promises; and most importantly, it would be the beginning of the kind of immediate policy shift the country requires.

                                                                                                                                                                                                                                                                                        

                                                                                                                                                                                                                                                                                        

Related