One of the global events unfolding is the implosion of China’s private real estate market and an associated debt crisis. The Chinese government may be stepping in with a rescue and bailout package similar to the U.S. in 2008. What governments typically do to maintain power when their economy is teetering is to create a diversion. Combine this fuel with the Biden Administration’s surrender to the Taliban, and you have the worst of all worlds.
China (through the CCP’s Global Times) announced yesterday that they will now be exercising sovereignty over Taiwan’s airspace, a first. As you will read from the editorial, the CCP threatens an all-out war if Taiwan shoots down China’s fighter jets.
The West is heavily dependent on Taiwan for all kinds of computer chips. As there is already a chip shortage now, we can only imagine what a conflict over Taiwan would portend. And that is not the worst of it. Suppose the U.S. and Japan do not take a firm stand. Surrendering to China could shift the balance of world power. I have little confidence in our own leaders. Make no mistake; China owns many a US politician through bribery or blackmail, or both.
Weakness invites war, as it has many times in the past. Our exit from Afghanistan weakened our position in the world considerably. Wars typically accompany Fourth Turnings. So I am monitoring events carefully.
This news will not make the mainstream news right away, as most of our illustrious media don’t read the Global Times every day.
I will expand on this news later, as I am sending this bulletin from my phone.
Stay tuned,
A.F. Thornton