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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 382.87-0.8%Nov 13 4:00 PM EST

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marcher
To: Cogito Ergo Sum who wrote (185834)4/6/2022 4:46:52 PM
From: TobagoJack1 Recommendation  Read Replies (2) of 217754
 
Very exciting, that the current war with Russia is actually a dress-rehearsal and likely a full-dress-rehearsal for war with China

Just as the aircraft carrier is made ineffective i am going to guess that before the Chinese civil war is definitely settled by whatever means push-pull economics / kinetics all the current and near-imaginable financial weapons of mass destruction would be tagged with effective counters.

Recommendation: as the Chinese civil war shall be settled, for sure, one or another way, best to GetMoreGold

bloomberg.com

Yellen Says U.S. Would Use Sanctions If China Invaded Taiwan

Treasury secretary comments during congressional hearing ‘You should not doubt’ U.S. resolve to use its tools

Christopher Condon
April 6, 2022, 11:02 PM GMT+8



Janet Yellen testifies to the House Financial Services Committee on April 6.

Photographer: Al Drago/BloombergTreasury Secretary Janet Yellen said the Biden administration would be prepared to use all its sanctions tools against China if Beijing moved aggressively toward Taiwan.

“I believe we’ve shown we can” impose significant pain on aggressive countries, as evidenced by sanctions against Russia, Yellen told lawmakers Wednesday as she testified before the House Financial Services Committee. “I think you should not doubt our ability and resolve to do the same in other situations.”

Yellen was responding to questions from Republican Representative Patrick McHenry of North Carolina over whether the Treasury would be as willing to use sanctions against China as it has against Russia following Moscow’s invasion of Ukraine.

Read more: Yellen to Warn War Threatens ‘Enormous Economic Repercussions’

Russia’s attack on Ukraine has undermined confidence that world powers would be able to prevent a crisis from similarly erupting over Taiwan, a democratically governed island of more than 23 million people and key global source of semiconductors. China has long claimed Taiwan as a renegade province and threatened to invade to prevent its independence.

Last month, China warned the U.S. against trying to build what it called a Pacific version of NATO, while declaring that security disputes over Taiwan and Ukraine were “not comparable at all.”

(Adds background starting in fourth paragraph.)

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