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Politics : Stockman Scott's Political Debate Porch

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To: Wharf Rat who wrote (65975)	11/4/2004 10:21:20 AM
From: Wharf Rat	of 89467

SUB-ROSA TRADE WAR by Jim Willie CB The winds of war are blowing. What is brewing is dangerous and ominous. Put aside the military warfare waged in Iraq and elsewhere. Adversaries have begun to align in opposition on a financial battlefield. Imagine an old manner of battle to the death from the Old West. A native plains bare-chested warrior and an anglo blue-coat soldier, or a nomadic warrior and an anglo settler/hunter, would be tied arm to arm with a rawhide strip. They would engage in a fierce hand-to-hand battle to the death with knives, unable to gain distance. That is the image in my mind as the upcoming trade war with China forms a foundation with clear directional pulls. The two nations, the USA and China, are inextricably linked through commerce. On the surface, the link appears to be mutually beneficial. Each is put at extreme risk, but for different reasons. Despite the inter-dependence, a titanic battle is soon to begin. The hint of war is unmistakable and unambiguous. It will in its early stages emerge as a “sub-rosa” protectionist exercise (hostility under the table), sure to morph into outright trade war. financialsense.com

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