Historically, Socialism has been great until the State runs out of other people’s money. In the case of China, it will continue to be great until China’s banks run out of their own loans. China’s debt-driven “miracle” is a bubble expected to pop somewhere just over the horizon.
China doesn’t mean to burst Trump’s bubble, but when bubbles are bursting, the more the merrier. While the international spokesmen (AKA pundits and news writers) tell readers what they want the readers to know they should believe, China understands two things: 1. Trump’s ideas are unconventional, 2. US election rhetoric is usually “trumped” up. Economics will likely shift across the Pacific due to a plurality of causes. China says everything will remain more or less the same. So, everything remains more or less the same.
North Korea gears up for a fifth nuke test. The South sees it as more of a power move in lieu of Northern isolation. Russia and the US clashed sheathed sabres; China piped-in as was opportune. The Japanese had some of their own problems, though none them nuclear, which is more than can be said for Korea. Japan’s earthquake was the largest since 2011 and seemed to coincide with Ecuador’s broken record of 1900. This was definitely a week of shake-ups.
TPP passed. That’s another Obama deal likely be reviewed by his soon-to-be successor. And that time is coming soon and certain. Not only are the United States proving their plurality of powers, so is the Pacific. Taiwan’s earthquake was a scary demonstration.
The 4:00am Kaohsiung 6.4 was indeed scary to locals at the many wreckage sites. But it was scarier for older structures, including political and economic. A strange selection of buildings fell while most were unharmed. Dishonesty is under investigation by no less than four prosecutors. And Taiwan’s spirit is stronger than it ever has been, something Beijing has never stared more clearly in the eye.
Controversial as TPP is, and as likely as it will be altered, it nails a big “No China Allowed” sign on the tree fort. With Taiwan proving its own, investigating bad dealings likely to implicate Mainland cronyism, further weakening the lame duck Nationalists even further… Even Obama’s “never let a good crisis go to waste” policy must be reviewed. Strength in the Pacific is forcing strength on the rim. The conflict is turning the tide.