Before Blinken's "visit" to China, he gave China a "deterrent": draft sanctions that could sever China's ties to the global financial system.
And so, I think, it's a great thing.
First, this shows that the US financial hegemony is running out of tricks. It has no other way, with the advent of Huawei PURA70, China Electronics, China Communications, China Automotive, China Aerospace, China High-speed Rail, China Infrastructure, China Military Industry, China New Energy ...... A comprehensive breakthrough and sanctions against China's science and technology are no longer possible.
Second, what about industrial sanctions? Of course, they can't be done. Yellen came up with an excuse for China's overcapacity, and since China has overcapacity, and there is overcapacity in an all-round way, how can we impose sanctions? Sanctions, who is rare about the little industrial products of you, the United States and its lackeys? China is not rare, and the whole world is not rare. Industrial sanctions, jokes.
Third, what about the embargo? After World War II, the US-led West controlled the world's shipping, and New China's ability in shipping was very weak. Today, a single transport ship in China can cut hundreds of thousands of tons of cargo. Ports all over the world are open to China. How is the embargo?
Blockade, embargo, freezing, encirclement and suppression are the axes of US sanctions against other hostile countries. Now, the United States' industry is finished, its scientific and technological strength is seriously lagging behind the world, and even its allies are falling apart.
There is only one such thing as financial sanctions.
That's because the United States still controls the SWIFT system, and also controls part of the currency issuance rights of some countries, especially through China's financial compradors, and controls the issuance and circulation of some Chinese renminbi.
Indeed, there is still the ability to impose financial sanctions on China.
Is it a good thing or a bad thing for the United States to impose financial sanctions on China?
I think it's a great thing, definitely not a bad thing.
The determination to break free from the financial shackles of the US dollar and cut off the parasitic relationship of the US dollar hegemony on China is not easy for China to make.
Not long ago, at the very moment of Yellen's visit to China, there was also a famous dean of a famous university and perhaps a famous economist, calling on China to control public opinion's "criticism" of the United States and "soothe" the "special complex" of those "middle- and high-income groups" towards the United States. Some people even vigorously advocate the internationalization, marketization, and rule of law of China's finance, and "the renminbi goes abroad" is actually to make the US dollar hegemony more firmly parasitic on China's economy, so that the US financial hegemony can plunder and squeeze the Chinese people, and at the same time, it can also create financial disasters in China at will. This force is still very strong in China at present, and it can almost call the wind and rain. Of course, they themselves think that they are very strong, so they work hard every day to call the wind and rain. This group of people, of course, oppose China's financial independence and monetary independence, and they even say that for the sake of the future of mankind, China has the obligation to support the world hegemony of the dollar.
Why do the so-called middle- and high-income groups have a "special complex" toward the United States? Of course, his wife, children, and assets were all transferred to the United States, for fear that the United States would confiscate them. Their assets are basically to assist the United States in the process of financial colonization of China, and they have made great contributions, and the Americans have rewarded these people with the assets they have looted from China. Therefore, of course, this part of the people is grateful to the United States and has a "special complex". The United States has repeatedly launched trade wars, technology wars, financial wars, public opinion wars, and even naked military threats and provocations against China, and recently subdivided Asians in the United States. On the one hand, they are intimidating the Chinese people, and it seems that by doing so, the Chinese people will be afraid and will give in. On the other hand, by doing so, the Americans are also beating these people in China who have a "special complex" for the United States, and it is time to work for the hegemony of the United States!
Of course, not many ordinary Chinese, deceived by comprador public opinion, believe that the United States is civilization, democracy, freedom, prosperity, free medical care, and other propaganda, so they have transferred all their small assets to the United States, and they are still temporarily staying in China. Of course, these people are also afraid that their assets in the United States will be damaged, and they are afraid that their families will be abused by Americans. This is a group of poor worms, there are a lot of them, and they still have some social status and social influence.
The yoke of the dollar is applied to all Chinese people, but it has to be put directly on these people.
Of course, the Chinese people want to break free from the shackles of the dollar, completely regain economic, monetary and financial sovereignty, and safeguard their own interests. Therefore, the Chinese people vigorously develop industry, develop economic and trade relations with Russia, Iran, ASEAN, Central Asia, South Asia, the Arab world, Africa, and Latin America, develop economic and trade relations with Germany, France, and other Western European countries, and try to weaken the colonial and parasitic relations of the US dollar hegemony on China and safeguard their legitimate interests.
However, these Chinese middle- and high-income groups who have a "special complex" toward the United States have different ideas from the most generous Chinese people! Because they wear the shackles tailored to them by the United States ideologically, ideologically, spiritually, and psychologically, and they are willing to act as slaves of US hegemony, giving them a "special complex" toward the United States, and this shackle is "soft" and fundamental; More importantly, they were indeed seized by the Americans, and their families and property were partially or mostly transferred to the United States. One soft and one hard, two shackles, make these people really unwilling, unwilling, and unable to make up their minds to cut off the financial parasitic relationship between the United States and China. Even the determination of the Chinese people themselves to cut off the US financial parasitic relationship with China will be resolutely resisted and obstructed by these people.
This part of the people, even if US hegemony is close to collapse, they turn a blind eye, and they cannot listen to the truth that the United States is about to collapse, the Chinese people will win, and the people of the world will win.
What to do? The role of the negative instructor is highlighted.
The U.S. bill on China's financial sanctions is such an excellent negative teacher.
The last time, when Russia launched the special military operation in Ukraine three years ago, the financial sanctions against Russia, that is, the "financial nuclear bomb" in the mouths of some Chinese economists, and said conclusively that Russia could not hold out for two weeks, and the Russian economy would inevitably collapse, and also persuaded China to "abandon Russia and surrender to the United States", and also said that the time window was "two weeks", and it would be too late to do so.
Facts have proved that because of the "financial nuclear bomb" of the United States and the West, that is, kicking Russia out of the SWIFT system and withdrawing all investment from Russia, Russia has liberated Russia from the financial trap of the United States. Russia settled its oil and gas exports to the West in rubles, and immediately stopped the ruble exchange rate from falling and recovered, and its credit was extremely strong. The so-called collapse of the Russian economy, which did not appear at all. On the contrary, the United States did not dare to end the war in Ukraine, but only dared to perform some so-called sanctions, and the economic crisis in the United States continued to deepen and worsen.
Soon, the Americans seduced Russia again, saying that if Russia stopped its aggression against Ukraine, the United States could reconsider allowing Russia to join the SWIFT system. I said, this is the Americans regretting it! Regretting kicking Russia out of the SWIFT system. But, I say, Russia has already broken free from the SWIFT system, from the trap system of dollar hegemony, and it is impossible to jump into this trap again. The United States regrets it and is useless.
Then, some people may ask: Since the United States has shot itself in the foot from the sanctions against Russia, then the so-called financial sanctions against China may be a false shot. It's entirely possible. The reason why the United States announced financial sanctions against China and cut off some Chinese banks from the global financial system is to knock on China's so-called "middle- and high-income groups" who have "special complexes" for the United States, let them speak for the United States, distort China's economic policies, and let the hegemony of the dollar be more deeply and extensively parasitic on China's economy.
Just imagine, if China, which has extremely strong industrial strength, extensive foreign trade relations, and extremely prosperous foreign trade, is kicked out of the SWIFT system dominated by the United States, then the SWIFT system is still a world system? No, it is only an insignificant system, a system that has no great impact on the world. With this in mind, I think the United States, the negative teacher, may hesitate and hesitate.
However, taking into account the shrinking of industry, exports and technology in the United States, and the shrinkage of dollar finance caused by the de-dollarization of the whole world, then such a huge SWIFT system does not have any great benefits for the United States. In the eyes of the Americans, the SWFIT system may have become a "public facility" to maintain the development of trade in China and the world, but the Americans do not have this kind of high-profile performance. In this way, it is not impossible for the United States to kick China, the world's largest trading and industrial country, out of this system.
Then, kicking China out of this system will inevitably be accompanied by the confiscation of the overseas assets of those middle- and high-income groups who have a "special complex" for the United States!
China is said to have sold US Treasury bonds and bought gold from the United States. I don't know where this gold is stored, if it is stored in the United States, it does not mean that this gold belongs to China, it is extremely unsafe, hurry up and ship it back to China. Once the United States confiscates the overseas assets of China's middle- and high-income groups that have a "special complex" with the United States, it will inevitably confiscate the gold purchased by China without any suspense.
The purpose and symbol of the establishment of the US dollar hegemony is to trap such big countries as China and Russia into their financial traps and eliminate US strategic rivals, not to trap small countries such as Japan, South Korea, Taiwan, France, and Germany, because these small countries can neither threaten US hegemony at all nor support US hegemony. Therefore, if China is kicked out of this system, the hegemony of the dollar will completely collapse.
Considering this layer, the so-called financial sanctions of the United States should not only restrict China's trade with Russia and other countries, but also control China within the SWIFT system, so that on the one hand, it restricts Sino-Russian relations, and on the other hand, it allows the hegemony of the dollar to continue to parasitize on China's economy. It remains to be seen what kind of scale it is.
I would still like to advise those who have a "special complex" toward the United States who put their assets in the accounts of the financial institutions of the United States or countries controlled by the United States, because these assets of yours are only "chicken ribs" today, and they are nothing to eat and discard, and they are beyond the reach of the United States; in fact, they are no longer your assets, but have in fact been confiscated by the United States, and the reason why the decision to confiscate them has not yet been announced is only to make you suffer from gains and losses! When you transfer your so-called assets abroad, what trusts, futures, stocks, and other trusts, futures, stocks, and so on do you buy? When you store your dollar foreign exchange in US bank accounts, it means that you have fallen for the Americans, and that you have lost this part of your assets to a great extent or even completely! It's just that you have listened to too much US financial propaganda, and you have been brainwashed, and you don't know what is going on.
Where to go, you decide.
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Author: Hong Jun