From Gatestone Institute <[email protected]>
Subject China Threatens Total Economic War by Dumping Treasuries: Be My Guest
Date September 10, 2020 9:16 AM
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In this mailing:
* Gordon G. Chang: China Threatens Total Economic War by Dumping Treasuries: Be My Guest
* Judith Bergman: The 'Woke' Indifference to Jew Hatred


** China Threatens Total Economic War by Dumping Treasuries: Be My Guest ([link removed])
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by Gordon G. Chang • September 10, 2020 at 5:00 am
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* China's Communist Party publicly talking about an American default is... essentially a declaration of intent to destroy the American economy. Washington should fight back.
* No amount of persuading, cajoling or badgering has worked to convince China to accept agreements and norms.
* Trump can hasten the departure of businesses from Chinese soil with tariffs and administrative measures restricting international commerce. The loss of access to the U.S. market would shake China. Last year, China's merchandise trade surplus against America amounted to 81.8% of its overall merchandise trade surplus, showing extreme dependence on the American market.... Trump can also order American companies to end their technical cooperation agreements with Chinese entities, prohibit portfolio investments in Chinese markets, and end all sales of tech products.
* China may not recover from such actions. Case in point: There is now talk that Huawei Technologies, which six months ago looked as if it would take over the world's 5G networks, may go out of business because it is having difficulty buying chips to install in equipment
* Many Americans have been intimidated, saying Washington cannot oppose China because it owns Treasury debt. That is a hollow threat... The net result of China carrying through on its threat is to leave U.S. Treasury obligations in the hands of countries far more friendly to the United States.

(Image source: iStock)

On September 3, the Global Times, the Communist Party tabloid, reported that Beijing was "likely" to sell some or all of its U.S. Treasury holdings.

More important, the paper suggested the United States might for the first time ever default on its debt obligations.

China is certainly trying to destabilize the United States, and it looks as if it's about to declare total economic war on America.

Beijing has tipped its hand. The question for the Trump administration, therefore, is whether America should strike first.

Yes, it should, and Washington should hit Beijing as hard as it can. A vicious attack merits an overwhelming response.

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** The 'Woke' Indifference to Jew Hatred ([link removed])
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by Judith Bergman • September 10, 2020 at 4:00 am
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* Twitter itself plays a significant role in promoting anti-Semitism.
* Despite thousands of complaints, Twitter left most of the rapper's (Wiley's) tweets up for six days and only decided to ban him for life after a 48-hour boycott of the platform by thousands of British users, including Home Secretary Priti Patel.
* Twitter has even tried to claim that the genocidal variety of Jew hatred, the kind at which Iran's leaders excel, does not violate its rules.
* It appears that the self-righteous outrage of the wokerati is absent when the person at the receiving end of racism is a Jew.

In Britain, the rapper Wiley recently went on a 48-hour anti-Semitic rant on Twitter, spreading conspiracy theories and insults against Jews, and said they should be shot. Despite thousands of complaints, Twitter left most of Wiley's tweets up for six days and only decided to ban him for life after a 48-hour boycott of the platform by thousands of British users, including UK Home Secretary Priti Patel. Pictured: Priti Patel on September 8, 2020 in London. (Photo by Leon Neal/Getty Images)

Jew hatred in the United States has grown more prevalent in recent years.. In 2019, there were 2,107 anti-Semitic incidents, according to a May report by the Anti-Defamation League. It was the highest number in 40 years. The incidents included 61 physical assault cases, 1,127 instances of harassment and 919 acts of vandalism.

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