A 21st century Sun Tzu might reverse that and say that economic strategy can be war by other means. Reuters recently reported that officers in the Chinese People's Liberation Army are urging economic retaliation against the United States for offering the sale of $6.4 billion in armaments to Taiwan.
"Our retaliation should not be restricted to merely military matters, and we should adopt a strategic package of counter-punches covering politics, military affairs, diplomacy and economics to treat both the symptoms and root cause of this disease," said Luo Yuan, a researcher at the Academy of Military Sciences.
"Just like two people rowing a boat, if the United States first throws the strokes into chaos, then so must we."
Luo said Beijing could "attack by oblique means and stealthy feints" to make its point in Washington.
In addition to the arms sales, Chinese-American relations have been strained over trade and currency quarrels, Internet controls, and hacking.
"For example, we could sanction them using economic means, such as dumping some U.S. government bonds," Luo said.
The Chinese military has no authority over economic policy, and no economic sanctions are being proposed at this time.
"The rich rule over the poor, and the borrower is servant to the lender." -- Proverbs 22:7.China has the world's biggest pile of foreign currency reserves, much of it held in U.S. treasury debt. China held $798.9 billion in U.S. Treasuries at end-October. But any attempt to use that stake against Washington would probably maul the value of China's own dollar-denominated assets.
This is another reason why Ohio needs to begin circulating gold and silver coin (which is already legal tender) as an alternative to the play money we call Federal Reserve Notes. A plan for this is under development. For more information, see the Ohio Honest Money Project website. The plan once executed, will work to reverse the effects of Gresham's Law (bad money drives out the good).
Virtual buckeye to When Giants Fall.
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