As I have said on many occasions, the BRI is doomed to failure. They try to make places and routes economically viable where the long span of history has not already made itself. No amount of money can overturn millennia of culture and eons of geography.
Once again, one of the important links in the BRI has been bankrupted by the Chinese central planners.
Taiwan/China situation
(Source)
I have been discussing the Nancy Pelosi situation and the Chinese response for several days on my Telegram live streams.
In this episode of the podcast, I read some excerpts from a well-known Chinese minister and a Chinese think tank expert. You can read Wang Yi’s full comments here. Suffice it to say for this article, he repeated “One China” many times and said that the US is the side trying to change the status quo. He also had very harsh words for Tsai Ing-wen, the sitting president of Taiwan. He said she “betrayed the ancestors.” In another translation, I heard that Yi’s original comments also said that she betrayed her ancestors [and her race].
The next comments I read were from Wang Wen, executive dean of the Chongyang Institute for Financial Studies at Renmin University of China (RDCY) and executive director of the China-US People-to-People Exchange Research Center. He tries to explain why China’s response was so weak and that China should not provoke an armed conflict with the United States until it can “surpass the United States in terms of economic power, achieve economic and military strength comparable to that of the United States, and develop an overwhelming capacity to to counter international sanctions.”
Sounds far away to me. I would simply advise the reader not to get caught up in fear-mongering rhetoric about Taiwan and China. They are disciples of Sun Tzu, who said “act strong when you are weak.” Wen also quoted Sun Tzu.
“A major military clash with the United States is not the goal of China’s foreign policy, nor is it the path to a better life for ordinary people. Remember what Sun Tzu wrote in The Art of War: ‘Do not act unless there is something to gain 非利不动; do not use military force without certainty of victory 非得不用; don’t go to war unless the situation is critical 非危不战.’”
We ended the podcast talking about the upcoming release of consumer price index data and other things relevant to bitcoin. All in all, a must listen episode!
That does it for this week. Thanks to the viewers and listeners. If you like this content, please subscribe, review and share! Don’t forget to check out Fed Watch Clips on YouTube. Liking and sharing videos is the best way for us to reach new people.
This is a guest post by Ansel Lindner. Opinions expressed are entirely their own and do not necessarily reflect the opinions of BTC Inc. or Bitcoin Magazine.
