India feels the pain: The US begs Beijing for*money
China currently owns about $700 billion worth of our Treasury bonds — by far the most in the world. According to reports, State Department officials had originally proposed that India be included in the itinerary of Clinton’s current first official tour abroad, but she struck it out. Gold is hovering around a $1 ,000 an ounce, which is within striking distance of a record. The US cannot ignore the Chinese. The battle between the dragon and the elephant has come to a head. There is a tectonic shift in international relations. China has woken up and for the first time in a couple of centuries can dictate terms. Kruschev is probably sitting up in his grave to take notice. He once said “We will bury you”. Karl Marx predicted that “capitalism would be sent to the dustbin of history”. Mao Ze Dung called the US “a paper tiger”. The British once said referred to China with the prodigious warning “ Don’t wake the the sleeping giant sleep “. Well according to the signal—the Red Dragon in Beijing has woken. Those who thought that Communism was dead and Capitalism is kicking butt take a look at four cities–Beijing, Moscow, New York and London. There is celebration in two and malaise in two. The world take note.
This has dramatic and long term implications on Asia and the world. Parag Khanna in his seminal book said it best “India has missed the boat”. The reality hasn’t hit home for most Indians— Superpower status was beyond reach!
The West careening from a debilitating financial crisis needed Chinese money and Pakistani soldiers. Without Chinese credit the US would be kneeling in front of the world. Without Islamabad’s active support, Washington would not have an exit strategy from the graveyard of Empires.
India
China currently owns about $700 billion worth of our Treasury bonds — by far the most in the world. According to reports, State Department officials had originally proposed that India be included in the itinerary of Clinton’s current first official tour abroad, but she struck it out. Gold is hovering around a $1 ,000 an ounce, which is within striking distance of a record. The US cannot ignore the Chinese. The battle between the dragon and the elephant has come to a head. There is a tectonic shift in international relations. China has woken up and for the first time in a couple of centuries can dictate terms. Kruschev is probably sitting up in his grave to take notice. He once said “We will bury you”. Karl Marx predicted that “capitalism would be sent to the dustbin of history”. Mao Ze Dung called the US “a paper tiger”. The British once said referred to China with the prodigious warning “ Don’t wake the the sleeping giant sleep “. Well according to the signal—the Red Dragon in Beijing has woken. Those who thought that Communism was dead and Capitalism is kicking butt take a look at four cities–Beijing, Moscow, New York and London. There is celebration in two and malaise in two. The world take note.
This has dramatic and long term implications on Asia and the world. Parag Khanna in his seminal book said it best “India has missed the boat”. The reality hasn’t hit home for most Indians— Superpower status was beyond reach!
The West careening from a debilitating financial crisis needed Chinese money and Pakistani soldiers. Without Chinese credit the US would be kneeling in front of the world. Without Islamabad’s active support, Washington would not have an exit strategy from the graveyard of Empires.
India
