Writes Paul Craig Roberts: “I agree with Bill Lind that war with China would be an act of insanity. Such a war would go badly for the US for yet other reasons: China is our second most important banker. If China were to dump its dollar holdings, the US dollar would lose most of its value immediately. If Japan and other Asian countries were to follow suit, the dollar would become worthless overnight. The US is now heavily dependent on China for advanced technology products. China has passed Japan as the principal supplier of advanced technology products to the US. … Continue reading War With China?
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