Irwin Stelzer- This Week in Economics, and Next

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Irwin Stelzer- This Week in Economics, and Next
CHINA HAS THE BIGGER NAVY, AMERICA THE MORE SUCCESSFUL ECONOMY TO POINT TO IN THE BATTLE FOR ALLIES
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CHINA HAS THE BIGGER NAVY, AMERICA THE MORE SUCCESSFUL ECONOMY TO POINT TO IN THE BATTLE FOR ALLIES

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Irwin Stelzer
Sep 12, 2023
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Irwin Stelzer- This Week in Economics, and Next
CHINA HAS THE BIGGER NAVY, AMERICA THE MORE SUCCESSFUL ECONOMY TO POINT TO IN THE BATTLE FOR ALLIES
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Countries deciding which side to choose in the new cold war cannot but see a super-confident Xi Jinping, owner of the world’s largest navy, successfully enlisting other despots in his New World Order which aims to knock the crown off the head of King Dollar. He has enhanced China’s ability to project power, hard and soft, and to acquire infrastructure by foreclosing on loans that he knew never could be repaid.

Meanwhile, America’s President complains that because of our support of Ukraine we are running out of ammunition, and does so publicly, reducing the burden on the Chinese spies the Pentagon fears are among the 4,366 Chinese nationals who slipped across America’s open border in a recent five-month period (up from 421 a year earlier). Republican politicians, including some vying for the party’s presidential nomination, want to cut aid to Ukraine; Biden presided over a botched retreat from Afghanistan; and the Democratic administration has not delivered the promised arms Ukraine needed for its counter-offensive. In the renewed battle for the hearts and minds, not to mention stomachs of wavering countries, American support is seen as less than reliable.

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