this article discusses economic warfare and how the Chinese are using it on the world stage. When one considers the essential role of oil, and US antipathy to both Iran and Venezuela, the picture starts to get a little sharper. It looks like war is actually ongoing; we just don't recognise it as such.
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China has made several deals with OPEC countries whose ideology is very much anti-American. Headlining the list is Iran who President Bush recently singled out as "the world's primary state sponsor of terror pursuing nuclear weapons while depriving its people of the freedom they seek and deserve."
Also alliances have been made with Venezuela who are threatening to cut off oil exports to the U.S. entirely while giving China as much as it wants. These new deals China is making with these and other hostile OPEC countries also involve trading oil in euros not U.S. dollars. The dumping of U.S. dollars for euros would be devastating to an already weakening dollar.
China’s plan is both brilliant and deviously well planned. New alliances with radical groups, arms for oil deals with Iran, a new military build up, major acquisitions of large western resource companies such as Noranda are just a few of the multifaceted maneuvers now taking place.
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http://www.321energy.com/editorials/winston/winston020905.html