KW: The U.S. and China have been in a currency war since 2010 and a trade war since 2017 after Trump decided he was going to attempt a stiffarm on the Chinese government.. Then came the Wuhan virus pandemic. Now, U.S.-China relations are getting worse not just in the economic sphere, but also in the geopolitical sphere. The story’s rather complicated.
Venezuela is desperate to generate oil revenue. Iran has the technology to help Venezuela, but it wants payment in gold because the U.S. has shut Iran out of the global payments system. Iran also wants weapons technology from China. Meanwhile, China wants all the gold it can get. So a three-party deal was worked out whereby all parties get what they want. This is just one more point of escalation of tensions between the U.S. and China. It also means it’s easier to stumble into a shooting war and Trump is realsing (or mayne NOT realising) that pushing China around is not so easy, a whole lot harder than picking on little countries like North Korea or Somalia. It would alos have unimaginable consequences for Americans not realising that they are now destructible targets should the rhetoric stop.
In any event stiff-arm or not even the mighty U.S. can’t stop things happening that goes against their ‘authority’ even with all the bombs. Interesting times!
The State Department accused China on Tuesday of helping an Iranian airline smuggle gold out of Venezuela and ship U.N.-restricted missile and nuclear items into Iran, saying a Shanghai-based company