Outline of a plan? Some of it sounds delusional. Some of it sounds pretty clever. China is doubtless trying to crash our economy right about now; by dumping Treasuries they can expect to drive up our interest rates. We are doubtless pulling some stunts on their economy, at the same time. Historic times, I expect. Kinetic war is so paleolithic. Covid19, Psyops, Color revolution, Economic warfare. Now that is where the sophisticated action is.
My comments: Covid19 was not a "mistake", I've said before. Neither was Briben's embarrassing pullout of Afghanistan and brain-dead launch of the Ukraine fiasco. In both of these actions, along with the border invasion of useless impoverished and lots of fentanyl, THE EMBEDS IN THE US GOVERNMENT AND US *MILITARY* WERE ACTING ON BEHEST OF THEIR CCP MASTERS. And, of course, at the beginning, plenty of 1D "thinkers" in the US supported one or all of these CCP 3D military operations. A lot were just naive. But plenty of others did it for the money, or to keep their 'jobs'. -Fiz
Now here's something to think about:
http://www.whitehouse.gov/briefings-statements/2025/04/cea-chairman-steve-miran-hudson-institute-event-remarks/
Excerpt:
"I’m an economist and not a military strategist, so I’ll dwell more on trade than on defense, but the two are deeply connected. To see how it works, imagine two foreign nations, say China and Brazil, trading with each other. Neither country has a currency that is trusted, liquid, and convertible, which makes trading with each other challenging. However, because they can transact in U.S. dollars backed by U.S. Treasuries, they are able to trade freely with each other and prosper. Such trade can only occur because of U.S. military might ensuring our financial stability and the credibility of our borrowing. Our military and financial dominance cannot be taken for granted; and the Trump Administration is determined to preserve them.
But our financial dominance comes at a cost. While it is true that demand for dollars has kept our borrowing rates low, it has also kept currency markets distorted. This process has placed undue burdens on our firms and workers, making their products and labor uncompetitive on the global stage, and forcing a decline of our manufacturing workforce by over a third since its peak1 and a reduction in our share of world manufacturing production of 40%.
We need to be able to make things in this country, as we saw during Covid, when many of our supply chains could not survive without being reliant on our biggest adversary, China. We clearly should not rely on our biggest adversary for equipment essential to keeping our population safe and secure. Nor should our biggest adversary be allowed to benefit so much from an international security and financial architecture we finance.
There are other unfortunate side effects of providing reserve assets. Others may buy our assets to manipulate their own currency to keep their exports cheap. In doing so, they end up pumping so much money into the U.S. economy that it fuels economic vulnerabilities and crises. For example, in the years running up to the 2008 crash, China along with many foreign financial institutions, increased their holdings of U.S. mortgage debt, which helped fuel the housing bubble, forcing hundreds of billions of dollars of credit into the housing sector without regard as to whether the investments made sense. China played a meaningful role creating the Global Financial Crisis. It took almost a decade to recover, until President Trump got us back on track in his first term.
...
What forms can that burden sharing take? There are many options, here are a few ideas:
First, other countries can accept tariffs on their exports to the United States without retaliation, providing revenue to the U.S. Treasury to finance public goods provision. Critically, retaliation will exacerbate rather than improve the distribution of burdens and make it even more difficult for us to finance global public goods.
Second, they can stop unfair and harmful trading practices by opening their markets and buying more from America;
Third, they can boost defense spending and procurement from the U.S., buying more U.S.-made goods, and taking strain off our servicemembers and creating jobs here;
Fourth, they can invest in and install factories in America. They won’t face tariffs if they make their stuff in this country;
Fifth, they could simply write checks to Treasury that help us finance global public goods.
"
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