Yellen Threatens China


26-04-23 08:59:00,

Janet Yellen, the American Treasury Secretary, or Finance Minister, took the US hostility and threat against China to a new level in a speech on April 20 at Johns Hopkins University.  In a speech laced with colonialist attitudes and arrogance she talked as if the USA was emperor of the world and China was a rebellious vassal, a speech, despite her rhetoric of seeking ‘constructive” economic ties, that can only destroy any chance of that succeeding.

To read her speech is to understand the mafia mind set of the American leadership for she spoke as if she were the lieutenant of a mafia don threatening to break someone’s legs for not obeying his criminal demands.

She began her long-winded speech by welcoming China’s adoption of some “market reforms” in prior years and claimed the US was responsible for China’s rise as an economic power claiming that “The US Congress and successive presidential administrations supported China’s integration into global markets.” The Chinese have a different view of the matter since China was never disconnected from world markets and relied on its own efforts and the success of the policies of the Communist Party to develop and expand its economy and its trade with the world.

After that introduction, she quickly switched gears by decrying China’s “decision to pivot away from market reforms toward a more state-driven approach that has undercut its neighbours and countries across the world,” and that, “this has come as China is striking a more confrontational posture toward the USA and our allies…”

In effect she admits the communist government of China has succeeded in developing China’s economy and the living standards of its people while the successive US governments have adopted policies destroying the US economy and standards of living.

 » Lees verder bij de bron: New Eastern Outlook