{"id":3845,"date":"2007-02-13T00:22:10","date_gmt":"2007-02-13T00:22:10","guid":{"rendered":"http:\/\/www.patheos.com\/blogs\/drishtikone\/2007\/02\/eight-china-wars-world-should-know-about-special-guest-article-peter-navarro\/"},"modified":"2007-02-13T00:22:10","modified_gmt":"2007-02-13T00:22:10","slug":"eight-china-wars-world-should-know-about-special-guest-article-peter-navarro","status":"publish","type":"post","link":"https:\/\/www.patheos.com\/blogs\/drishtikone\/2007\/02\/eight-china-wars-world-should-know-about-special-guest-article-peter-navarro\/","title":{"rendered":"The Eight China Wars the World Should Know About (Special Guest Article by Peter Navarro)"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><head><meta http-equiv=\"content-type\" content=\"text\/html; charset=utf-8\"><meta http-equiv=\"content-type\" content=\"text\/html; charset=utf-8\"><\/head><body><p class=\"Quotation\"><em>This article for Drishtikone by Peter Navarro, the author of \"The Coming China Wars\" gives a flavor of the detailed analysis of the effect of China on the world at large in the coming decades in his book.  I strongly recommend the book to read about each \"War\" in detail!<\/em><\/p>\n<p class=\"Quotation\">Global stock exchanges were devastated this week by the worst collapse in history as a wave of panic selling followed the sun from Asia through Europe and back to Wall Street. <a href=\"http:\/\/www.amazon.com\/exec\/obidos\/ASIN\/0132281287\/syncbrain-20\" class=\" decorated-link\" target=\"_blank\" rel=\"nofollow\"><img loading=\"lazy\" decoding=\"async\" height=\"160\" width=\"107\" alt=\"\" src=\"https:\/\/images.amazon.com\/images\/P\/0132281287.01._AA_SCMZZZZZZZ_V48180677_.jpg\" align=\"right\"><\/a><\/p>\n<p style=\"float: left;width: 120px;font-size: 1.3em;color: red\">The story is far larger than any one of us or any single country.<\/p>\n<p>The pandemonium was triggered by a Chinese government announcement that it would no longer finance the mounting budget and trade deficits of a \u201cprofligate United States\u201d that \u201crefuses to live within its means\u201d and that \u201cinsists on scapegoating China for its own internal economic problems.\u201d Nor would China continue to try to prop up \u201can increasingly worthless dollar.\u201d<\/p>\n<p class=\"Quotation\">As the Chinese began dumping U.S. assets on Wall Street, both stock and bond prices plummeted. The panic soon spread to other exchanges around the world as gold soared to more than $1,000 an ounce and fear of a global depression deepened.<\/p>\n<p class=\"Quotation\">China\u2019s actions have been widely interpreted as harsh retaliation for U.S. congressional passage of stiff protectionist tariffs on a wide range of manufactured goods. With the presidential election less than a month away, both houses of Congress up for electoral grabs, and the U.S. economy stuck in reverse, Republicans and Democrats alike are pushing additional legislation addressing everything from the growing trade in Chinese counterfeit goods, illegal drugs, and ballistic missiles to the international spillover from China\u2019s mounting environmental pollution.<br>\n<!--break-->\n<\/p>\n<p class=\"Quotation\">It\u2019s been a tough year for Sino-U.S. relations. In January, the U.S. ambassador to the United Nations stormed out in protest over \u201cthe repeated crass commercial use\u201d by China of its U.N. veto to \u201cshield terrorist regimes such as Iran from diplomatic sanctions in exchange for oil.\u201d In March, China\u2019s president abruptly cancelled a state visit after the U.S. Treasury Department branded China a \u201ccurrency manipulator.\u201d During an unusually hot August that raised collateral fears of global warming, the U.S. Pacific Fleet engaged in a tense, week-long standoff over Taiwan with China\u2019s recently acquired, and nuclear missile-equipped, blue water navy.<\/p>\n<p class=\"Quotation\">Meanwhile, domestic unrest in China continues to escalate as an increasingly restive population seeks greater income equality, more worker rights, improved health care, a cleaner environment, a halt to widespread government corruption, and an end to massive public works projects such as the Three Gorges Dam that have displaced millions of people without adequately compensating them. A recent report released by the U.S. Central Intelligence Agency has warned that should such domestic unrest reach a boiling point in China, the result may be \u201csharper military conflicts with the United States, Taiwan, and possibly even Japan as Chinese leaders seek to unify the now increasingly fractured nation against a \u2018common enemy.\u2019\u201d<\/p>\n<p class=\"FT\">The best of economic times for China are fast becoming the worst of times for the rest of us. China\u2019s \u201ccowboy capitalism\u201d and amoral foreign policies are triggering a whole range of economic, financial, environmental, political, and military tsunamis that threaten to engulf us[md]as well as the Chinese people. The ever-growing dangers lay in a model of rapid, unsustainable economic growth, coupled with a wanton disregard for both human life and intellectual property. The myriad dangers from the Coming China Wars are real[md]and increasingly personal. Consider these scenarios<span class=\"msoIns\"><ins cite=\"mailto:%20\" datetime=\"2006-06-20T17:51\">,<\/ins><\/span> based on actual events:<\/p>\n<ol>\n<li>\n<p class=\"BL\">Your father almost dies from a massive heart attack because the \u201cLipitor\u201d prescription he filled on the Internet was laced with Chinese fakes. Your mother breaks her hip because the phony \u201cEvista\u201d medication she took for osteoporosis was nothing more than molded Chinese chalk. Your house gets robbed by a drug addict high on methamphetamines made from ephedra grass grown on Chinese state-run farms and transported to New York via Panama by Triad gangs.<\/p>\n<\/li>\n<li>\n<p class=\"BL1\">You walk out of a Wal-Mart with a big smile and a large basket laden with cheap Chinese goods ranging from a fancy new laser printer and plasma TV to shirts, socks, and running shoes. Your smile quickly turns to a frown as your eyes begin to sting and lungs burn from the Asian \u201cbrown cloud\u201d now visible on the horizon. It is 90-proof \u201cChinese chog\u201d[md]a particularly toxic atmospheric smog that has hitchhiked on the jet stream all the way from China\u2019s industrial heartland where everything in your basket was first manufactured.<\/p>\n<\/li>\n<li>\n<p class=\"BX\">Your bank balance drops precipitously as rising interest rates drive your adjustable rate monthly mortgage payment off the charts and as you shell out more than you ever dreamed to fill your gas tank. Your mortgage payments are being held hostage to China\u2019s currency-manipulation policies. You pay dearly at the pump because of the price-shocking effects of China\u2019s rapidly rising thirst for oil.<\/p>\n<\/li>\n<\/ol>\n<p class=\"IT\"><em>The Coming China Wars<\/em> is not just a story about how China\u2019s emergence as the world\u2019s \u201cfactory floor\u201d is affecting you and your pocketbook. The story is far larger than any one of us or any single country. This book takes a tough, hard look at the eight major China Wars already well underway:<\/p>\n<p class=\"IndentedWars\">1.<span> <\/span> <strong>The Not-So-Swashbuckling Piracy Wars<\/strong><\/p>\n<p class=\"IndentedWars\">Following a centuries-old tradition of skullduggery in the South China Seas, China has become the world\u2019s largest pirate nation. China\u2019s modern buccaneers, with the strong support of their government, are not just stealing software and Hollywood movies on DVDs. They are blatantly counterfeiting virtually the entire alphabet of goods[md]from air conditioners, automobiles, and brake pads to razors, refrigerators, and the world\u2019s most recognizable pharmaceuticals such as Lipitor, Norvasc, and Viagra.<span> <\/span><\/p>\n<p class=\"IndentedWars\">In the process, these pirates are posing grave health risks to hundreds of millions of people. They are also destroying all semblance of global intellectual property law protections vitally needed to spur innovation.<\/p>\n<p class=\"IndentedWars\">2.<span> <\/span> <strong>The Twenty-First-Century Opium Wars<\/strong><\/p>\n<p class=\"NLB\">With an unholy triangle of Triad gangsters, international smugglers, and corrupt Communist Party officials as cartel kingpins, China has emerged as one of the world\u2019s biggest dope dealers. Most despicably, China is not just the world\u2019s \u201cfactory floor\u201d for legitimate goods but also for the so-called precursor chemicals used to produce all four of the world\u2019s major hard drugs: cocaine, heroin, methamphetamine, and Ecstasy.<\/p>\n<p class=\"IndentedWars\">China has also retained its historical role as a major transit area for opium from the Golden Triangle, and it is rapidly emerging as a highly efficient production center for Ecstasy and speed. Not coincidentally, Chinese criminal syndicates are awash in illicit cash, and China\u2019s banking system is becoming an important hub for global money laundering.<\/p>\n<p class=\"IndentedWars\">3.<span> <\/span> <strong>The Air Pollution and Global Warming Wars<\/strong><\/p>\n<p class=\"IndentedWars\">With claim to 16 of the world\u2019s 20 dirtiest cities in the World Bank\u2019s environmental Hall of Shame, China has been dubiously crowned as the most polluted nation on Earth. As a result of its rapid industrialization and lax environmental controls, China\u2019s prodigious toxic emissions are now spewing well beyond its environmentally porous borders.<\/p>\n<p class=\"IndentedWars\">Storms regularly rise up from China\u2019s Inner Mongolian desert steppes and blanket Korea and Japan with tons upon tons of toxics-laden dust. Chinese chog regularly hitchhikes along the jet stream, only to descend thousands of miles away in big cities such as Los Angeles and Vancouver and to despoil visibility in pristine towns such as Aspen. With its belching coal plants and rapidly multiplying automobile fleet, China will soon eclipse the United States as the single largest contributor to global warming.<\/p>\n<p class=\"IndentedWars\">4.<span> <\/span> <strong>The \u201cBlood for Oil\u201d Wars<\/strong> <span> <\/span><\/p>\n<p class=\"NLB\">With its economy rocketing, China has emerged as the world\u2019s second largest petroleum consumer behind only the United States. Astonishingly, China now accounts for almost <em>half<\/em> the growth in global oil demand and is the primary catalyst for an oil market hurtling toward $100 a barrel.<\/p>\n<p class=\"NLB\">To lock down its petroleum supplies and lock the rest of the world out[md]China has adopted a reprehensible foreign policy based on President Hu Jintao\u2019s amoral mantra of \u201cjust business, no political conditions.\u201d It has shipped ballistic missiles and transferred nuclear weapons technologies to the radical Iranian regime, used its diplomatic veto in the United Nations to sanction genocide in the Sudan, and facilitated the looting of public treasuries by dictators in oil- and mineral-rich African countries from Angola to Zimbabwe.<\/p>\n<p class=\"IndentedWars\">This unconscionable blood for oil diplomacy has resulted in the slaughter of millions, the impoverishment of millions more, and a rapid spike in nuclear proliferation in both the Middle East and Asia.<\/p>\n<p class=\"MsoBodyText\">5.<span> <\/span> <strong>The New Imperialist Wars<\/strong><\/p>\n<p class=\"NLB\">In a supreme historical irony, one of imperialism\u2019s worst former victims has become the twenty-first century\u2019s most relentlessly imperialistic nation. From Brazil, Cuba, and Venezuela to Equatorial Guinea and the Ivory Coast, China dangles lavish, low-interest loans and sophisticated weapons system<span class=\"msoIns\"><ins cite=\"mailto:%20\" datetime=\"2006-06-20T17:54\">s<\/ins><\/span> as bait. It then uses its \u201cweapons of mass construction\u201d a huge army of engineers and laborers to build everything from roads and dams to parliament buildings and palaces.<\/p>\n<p class=\"NLB\">After these unwitting countries are driven ever deeper into China\u2019s debt, China\u2019s imperialistic quid pro quo is the rapid extraction of the country\u2019s raw materials Bolivian tin, Chilean copper, Cuban nickel, Congolese cobalt, gold from Sierra Leone, Rwandan tungsten, and the vast mineral wealth of South Africa.<\/p>\n<p class=\"NLB\">As the despotic puppets running China\u2019s \u201cnew colonies\u201d transfer billions in bribes to their Swiss bank accounts, the peasants these despots rule over slide ever deeper into poverty.<\/p>\n<p class=\"IndentedWars\">6.<span> <\/span> <strong>The Damnable Dam and Water Wars<\/strong><\/p>\n<p class=\"NLB\">China is the dam-happiest place on Earth. With far too little water, far too much of that water horribly polluted, and the once-mighty Yellow River running dry for more than 200 days a year, China is facing a severe water crisis that already pits angry farmers against encroaching industrialists, millions of displaced \u201cpeasants with pitchforks\u201d against corrupt government officials, and downstream versus upstream provinces.<\/p>\n<p class=\"NLB\">This is also a fierce diplomatic battle being waged between upstream and downstream <em>countries.<\/em> Upstream, China is constructing a phalanx of mega-dams on the Mekong River despite the strong protests of the downstream countries of Cambodia, Laos, Thailand, and Vietnam. These dams[md]including one that will be more than 100 stories tall and the tallest in the world[md]now threaten the food supply, transit routes, and livelihoods of more than 50 million people living in the Lower Mekong River Basin. Already, the Mekong has recorded its lowest levels ever and has flowed close to rock bottom <span lang=\"EN\">near the end of its journey in Vietnam.<\/span><\/p>\n<p class=\"NLB\">Precisely because of these many and varied economically driven conflicts, we and our children are destined to fight a complex and highly interrelated series of wars with China on many, many fronts. As you will see in the chapters that follow, a reckless and ruthless Chinese government is directly to blame for many of these <em>Coming China Wars<\/em>. However, it is also disturbingly true that China\u2019s hyper-growth is causing the world\u2019s most populous nation to spin out of the control of its leaders.<\/p>\n<p class=\"NLB\">As China\u2019s economy continues to grow at unprecedented rates, the \u201cstrange bedfellow\u201d combination of a totally unrestrained free market capitalism operating under a harshly repressive totalitarian umbrella is becoming more and more like a political and social Molotov cocktail rather than an exemplary economic model for the rest of the world. That is precisely why the greatest danger to the world community may be China\u2019s coming \u201cwars from within.\u201d These wars from within may be triggered by any number of internal ticking economic and demographic time bombs that threaten to bring on that which the Chinese people fear most \u201cchaos\u201d or <em>luan.<\/em><\/p>\n<p class=\"IndentedWars\">7.<span> <\/span> <strong>China<\/strong><strong>\u2019s Wars from Within<span> <\/span><\/strong><\/p>\n<p class=\"NLB\">Over the past decade, the number of protests and riots in China has risen to nearly 100,000 annually. This is hardly surprising to any astute China watcher. People are being pushed beyond tolerance as the Chinese countryside becomes a slave labor camp and dumping ground for every imaginable pollutant.<\/p>\n<p class=\"IndentedWars\">The rural peasantry is being sucked dry by wastrel government tax collectors. Corrupt local government officials seize land on behalf of developers, pocket the monies that are supposed to compensate villagers, and then enlist local gangsters to quell protests.<\/p>\n<p class=\"IndentedWars\">In the big cities, unpaid construction workers leap to their deaths in protest of wages that go callously unpaid. Meanwhile, on China\u2019s Western prairies, ethnic separatist tensions continue to smolder over the ongoing \u201cHanification\u201d of the mostly Muslim population on the Western frontier.<\/p>\n<p class=\"IndentedWars\">8.<span> <\/span> <strong>China<\/strong><strong>\u2019s Ticking Time Bombs<\/strong><\/p>\n<p class=\"IndentedWars\">China is rapidly graying[md]getting old faster than it is getting rich. China is now facing a pension crisis that will make solving the unfunded social security liabilities of equally graying countries such as the United States, Japan, and Germany look like strolls through the park.<\/p>\n<p class=\"NLB\">China is also a nation getting increasingly sick. Environmental pollution serves as a deadly catalyst for an explosion of myriad cancers and an epidemic of respiratory and heart diseases. This rapid rise in ill health is coming precisely when China\u2019s once-vaunted public health-care system has totally unraveled.<\/p>\n<p class=\"NLB\">Adding to these extreme pressures is an HIV\/AIDS epidemic that may soon become the worst in the world. This epidemic began with <em>the<\/em> most scurrilous HIV\/AIDS blood donor scandal on the planet. It is being rapidly fueled by rampant intravenous drug use, a late-blooming 1960s-style sexual revolution, and the explosive reemergence of China\u2019s once-infamous flesh trade.<\/p>\n<p class=\"MsoBodyText\">The radical remedies and reforms that will be required to avoid the chaos, casualties, and hardships of the <em>Coming China Wars<\/em> both within China and beyond its borders will never occur unless we gain a much better understanding of the basic economic forces driving these political, financial, social, energy, and environmental conflicts. My abiding hope, particularly for the children, is that a better understanding of the complexities of the economic origins of the Coming China Wars will help lead to their peaceful resolution. Cultivating such an understanding and calling China and the rest of the world to actio are the ultimate goals of this book. The fictional News Release from the year 2012 leading off this article is just one glimpse of a future that we all should urgently seek to avoid.<\/p>\n<p style=\"color:#008;text-align:right\"><em>Powered by<\/em> <a href=\"http:\/\/www.qumana.com\/\" class=\" decorated-link\" target=\"_blank\" rel=\"nofollow\">Qumana<\/a><\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"<p class=\"Quotation\"><em>This article for Drishtikone by Peter Navarro, the author of &quot;The Coming China Wars&quot; gives a flavor of the detailed analysis of the effect of China on the world at large in the coming decades in his book.  I strongly recommend the book to read about each &quot;War&quot; in detail!<\/em><\/p>\n<p class=\"Quotation\">Global stock exchanges were devastated this week by the worst collapse in history as a wave of panic selling followed the sun from Asia through Europe and back to Wall Street. <a href=\"http:\/\/www.amazon.com\/exec\/obidos\/ASIN\/0132281287\/syncbrain-20\"><img loading=\"lazy\" decoding=\"async\" height=\"160\" width=\"107\" alt=\"\" src=\"http:\/\/images.amazon.com\/images\/P\/0132281287.01._AA_SCMZZZZZZZ_V48180677_.jpg\" align=\"right\" \/><\/a><\/p>\n<p style=\"float: left;width: 120px;font-size: 1.3em;color: red\">The story is far larger than any one of us or any single country.<\/p>\n<p>The pandemonium was triggered by a Chinese government announcement that it would no longer finance the mounting budget and trade deficits of a \u201cprofligate United States\u201d that \u201crefuses to live within its means\u201d and that \u201cinsists on scapegoating China for its own internal economic problems.\u201d Nor would China continue to try to prop up \u201can increasingly worthless dollar.\u201d<\/p>\n<p class=\"Quotation\">As the Chinese began dumping U.S. assets on Wall Street, both stock and bond prices plummeted. The panic soon spread to other exchanges around the world as gold soared to more than $1,000 an ounce and fear of a global depression deepened.<\/p>\n<p class=\"Quotation\">China\u2019s actions have been widely interpreted as harsh retaliation for U.S. congressional passage of stiff protectionist tariffs on a wide range of manufactured goods. With the presidential election less than a month away, both houses of Congress up for electoral grabs, and the U.S. economy stuck in reverse, Republicans and Democrats alike are pushing additional legislation addressing everything from the growing trade in Chinese counterfeit goods, illegal drugs, and ballistic missiles to the international spillover from China\u2019s mounting environmental pollution.<\/p>\n","protected":false},"author":1523,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,98,65,68],"tags":[],"class_list":["post-3845","post","type-post","status-publish","format-standard","hentry","category-business","category-china","category-showcase","category-special_stories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Eight China Wars the World Should Know About (Special Guest Article by Peter Navarro)<\/title>\n<meta name=\"description\" content=\"This article for Drishtikone by Peter Navarro, the author of &quot;The Coming China Wars&quot; gives a flavor of the detailed analysis of the effect of China on the world at large in the coming decades in his book. I strongly recommend the book to read about each &quot;War&quot; in detail! Global stock exchanges were devastated this week by the worst collapse in history as a wave of panic selling followed the sun from Asia through Europe and back to Wall Street. The story is far larger than any one of us or any single country. The pandemonium was triggered by a Chinese government announcement that it would no longer finance the mounting budget and trade deficits of a \u201cprofligate United States\u201d that \u201crefuses to live within its means\u201d and that \u201cinsists on scapegoating China for its own internal economic problems.\u201d Nor would China continue to try to prop up \u201can increasingly worthless dollar.\u201d As the Chinese began dumping U.S. assets on Wall Street, both stock and bond prices plummeted. The panic soon spread to other exchanges around the world as gold soared to more than $1,000 an ounce and fear of a global depression deepened. China\u2019s actions have been widely interpreted as harsh retaliation for U.S. congressional passage of stiff protectionist tariffs on a wide range of manufactured goods. With the presidential election less than a month away, both houses of Congress up for electoral grabs, and the U.S. economy stuck in reverse, Republicans and Democrats alike are pushing additional legislation addressing everything from the growing trade in Chinese counterfeit goods, illegal drugs, and ballistic missiles to the international spillover from China\u2019s mounting environmental pollution.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.patheos.com\/blogs\/drishtikone\/2007\/02\/eight-china-wars-world-should-know-about-special-guest-article-peter-navarro\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Eight China Wars the World Should Know About (Special Guest Article by Peter Navarro)\" \/>\n<meta property=\"og:description\" content=\"This article for Drishtikone by Peter Navarro, the author of &quot;The Coming China Wars&quot; gives a flavor of the detailed analysis of the effect of China on the world at large in the coming decades in his book. I strongly recommend the book to read about each &quot;War&quot; in detail! Global stock exchanges were devastated this week by the worst collapse in history as a wave of panic selling followed the sun from Asia through Europe and back to Wall Street. The story is far larger than any one of us or any single country. The pandemonium was triggered by a Chinese government announcement that it would no longer finance the mounting budget and trade deficits of a \u201cprofligate United States\u201d that \u201crefuses to live within its means\u201d and that \u201cinsists on scapegoating China for its own internal economic problems.\u201d Nor would China continue to try to prop up \u201can increasingly worthless dollar.\u201d As the Chinese began dumping U.S. assets on Wall Street, both stock and bond prices plummeted. The panic soon spread to other exchanges around the world as gold soared to more than $1,000 an ounce and fear of a global depression deepened. China\u2019s actions have been widely interpreted as harsh retaliation for U.S. congressional passage of stiff protectionist tariffs on a wide range of manufactured goods. With the presidential election less than a month away, both houses of Congress up for electoral grabs, and the U.S. economy stuck in reverse, Republicans and Democrats alike are pushing additional legislation addressing everything from the growing trade in Chinese counterfeit goods, illegal drugs, and ballistic missiles to the international spillover from China\u2019s mounting environmental pollution.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.patheos.com\/blogs\/drishtikone\/2007\/02\/eight-china-wars-world-should-know-about-special-guest-article-peter-navarro\/\" \/>\n<meta property=\"og:site_name\" content=\"Drishtikone\" \/>\n<meta property=\"article:published_time\" content=\"2007-02-13T00:22:10+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/images.amazon.com\/images\/P\/0132281287.01._AA_SCMZZZZZZZ_V48180677_.jpg\" \/>\n<meta name=\"author\" content=\"jessicafick\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"jessicafick\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"12 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.patheos.com\/blogs\/drishtikone\/2007\/02\/eight-china-wars-world-should-know-about-special-guest-article-peter-navarro\/\",\"url\":\"https:\/\/www.patheos.com\/blogs\/drishtikone\/2007\/02\/eight-china-wars-world-should-know-about-special-guest-article-peter-navarro\/\",\"name\":\"The Eight China Wars the World Should Know About (Special Guest Article by Peter Navarro)\",\"isPartOf\":{\"@id\":\"https:\/\/www.patheos.com\/blogs\/drishtikone\/#website\"},\"datePublished\":\"2007-02-13T00:22:10+00:00\",\"dateModified\":\"2007-02-13T00:22:10+00:00\",\"author\":{\"@id\":\"https:\/\/www.patheos.com\/blogs\/drishtikone\/#\/schema\/person\/00d5e2302e2ff697ddd0569b615b7826\"},\"description\":\"This article for Drishtikone by Peter Navarro, the author of &quot;The Coming China Wars&quot; gives a flavor of the detailed analysis of the effect of China on the world at large in the coming decades in his book. I strongly recommend the book to read about each &quot;War&quot; in detail! Global stock exchanges were devastated this week by the worst collapse in history as a wave of panic selling followed the sun from Asia through Europe and back to Wall Street. The story is far larger than any one of us or any single country. The pandemonium was triggered by a Chinese government announcement that it would no longer finance the mounting budget and trade deficits of a \u201cprofligate United States\u201d that \u201crefuses to live within its means\u201d and that \u201cinsists on scapegoating China for its own internal economic problems.\u201d Nor would China continue to try to prop up \u201can increasingly worthless dollar.\u201d As the Chinese began dumping U.S. assets on Wall Street, both stock and bond prices plummeted. The panic soon spread to other exchanges around the world as gold soared to more than $1,000 an ounce and fear of a global depression deepened. China\u2019s actions have been widely interpreted as harsh retaliation for U.S. congressional passage of stiff protectionist tariffs on a wide range of manufactured goods. 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I strongly recommend the book to read about each &quot;War&quot; in detail! Global stock exchanges were devastated this week by the worst collapse in history as a wave of panic selling followed the sun from Asia through Europe and back to Wall Street. The story is far larger than any one of us or any single country. The pandemonium was triggered by a Chinese government announcement that it would no longer finance the mounting budget and trade deficits of a \u201cprofligate United States\u201d that \u201crefuses to live within its means\u201d and that \u201cinsists on scapegoating China for its own internal economic problems.\u201d Nor would China continue to try to prop up \u201can increasingly worthless dollar.\u201d As the Chinese began dumping U.S. assets on Wall Street, both stock and bond prices plummeted. The panic soon spread to other exchanges around the world as gold soared to more than $1,000 an ounce and fear of a global depression deepened. 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