Comments by "" (@craigkdillon) on "Bloomberg Originals"
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The Quad is fine, as far as it goes.
IMO, more is needed.
Post WW2, Western Europe was devastated. The Berlin crisis was Russia's attempt to push into a destabilized Europe, and push the US out.
NATO was the response. NATO established a bulwark, against which Russia could not assail.
The region was stabilized, and the countries were able to grow into the thriving powerful countries they are today.
An Indo-Pacific Alliance needs to be created to stand as a bulwark against China,
to give security to the region, and enable the countries there to develop their economies and societies.
Such an alliance, I expect, would be anchored by the Quad of India, US, Japan, and Australia.
Added to it would be Philippines, Vietnam, Cambodia, Thailand, Malaysia, and some others.
The members would cooperate militarily, of coarse.
It would be only natural that they cooperate economically.
I think and hope this will happen.
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If there is a debt-trap in Africa, it is China that is being trapped.
A country cannot be forced to pay a national debt except by the threat of armed forces.
When UK, France, and the others had colonies, they controlled those countries with their armies.
Those countries were trapped.
Well, NO WAY China can threaten African countries with military force.
If they send armies to Kenya, or Sudan, or anyplace, they will be opposed by US, EU, and others.
So, if an infrastructure project does not work out, and the country does NOT get richer,
and cannot pay off the loan --- it will be China that will be out the money.
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United States does not threaten everyone with war, like China does.
So, our ships are welcome in places like Japan, Canada, Philippines, Australia, Singapore, Italy, UK, Poland, Norway, France, Germany, Spain, Cyprus, Greece, Turkey, Saudi Arabia, Kuwait, Dubai, Brazil, Panama, Mexico, etc etc.
Where are China's ships welcome?? It is a short list.
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The biggest problem with analyzing China's economy is the language used.
Our language of "booms", "busts", "slowdown", "downturn", "decline", etc.
are all based on western style markets and their economic cycles.
This is NOT what is happening in China. The language of market cycles do not apply.
Because China used real estate investment as a means of financing its government,
the real estate "crash" is causing a crisis in government.
Imagine what would happen here if government workers, transit workers, teachers, and health workers
were not getting paid?
Or had their pay reduced by 50%??
This is what is happening in China.
Their system is collapsing.
There is no coming back.
Anyone who invests in China now,
is a fool..
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@robgrune3284 China has a major base in Djibouti, and in Gwardar, Pakistan. They had tried to get a base in Sri Lanka, but India shut that down.
The fact China has few bases is indicative that China has few friends.
For instance, Philippines asked the US to come back to Subic Bay.
Japan likes us in Yokohama.
Italy likes us in Naples.
US has joint naval exercises with many countries, who are our friends -- Philippines, Japan, India, Australia, ROK, Italy, France, UK, Canada, and many others.
China is well hated, now that it is using wolf warrior tactics.
You need to read a bit more. I know you hate America. But, keep an open mind.
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