Friday, September 23, 2005

George Mindling Column 9-23-2005 - Paper tiger (Unpublished) My Last Column

George Mindling Column 9-23-2005 - Paper Tiger -  For Immediate Release

(The Charlotte Sun-Herald elected NOT to print this column.  This is its first publication) 
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“The Capitalists will sell us the rope we use to hang them.” While Lenin’s exact words were far more verbose, they apparently did not fall on deaf Chinese ears.

According to a recent published report, the Communist Chinese government holds 790 billion dollars of U.S. currency and bonds! Chinese General Zhu Chenghu told the world the very same week of the report they WILL attack the United States with nuclear weapons if we try to defend Taiwan, the Republic of China, from Communist takeover. We are paying for the two largest military buildups in recent years: Ours and the very forces we may have to go to war with, the Communist Chinese.

Why do American companies, especially those that purport to be Christian based, do business with the godless dictatorship that is Communist China? Which is the real answer: money or morals? Are we so busy trying to create a democratic utopia that selling our energy and technology assets to a security threat to our country in the name of “Growing Democracy,” is naively ignored? What will we sacrifice chasing the 490 billion dollar market China appears to offer to American retailers in 2006? Chinese leaders have had the inscrutable patience to let the Americans “dig their own graves” with their unbridled greed.

Last February, Secretary of Defense Rumsfeld testified at a Congressional hearing on the Chinese buildup and the Chinese policy paper challenging the U.S. military presence in the Pacific. U.S. intelligence had believed China to have a fleet of only “60 to 70 operational submarines, most of which are ageing, and only a handful of which are nuclear powered.”

However, the June 9th Washington Times reported a U.S. security document found that American intelligence has missed the Chinese naval buildup for TEN years! Among the items missed were China's development of a new long-range cruise missile, deployment of a new attack submarine known as the Yuan class that was missed by U.S. intelligence until photos of the submarine appeared on the Internet, (http://www.jeffhead.com/redseadragon/planbuildup.htm) and development of surface-to-surface missiles for targeting U.S. aircraft carrier battle groups. According to CNN, The Chinese Navy will soon be the largest in the world. This from a country from which we borrow 2 billions dollars daily! If we default, how will they foreclose?

Secretary of State Condoleeza Rice warned on August 18th that China must make significant structural changes in its economic policies, lest it remain "a problem for the international economy."

"The overwhelming sense I got was that they do not want a conflict with the United States," said Robert B. Zoellick, the deputy secretary of state. But he said that he, too, "tried to get them to see how their actions are perceived by the other side," particularly "if they were not transparent, they would create uncertainties, and uncertainties lead people to hedge."

The patient Chinese are not stupid. They measure time by generations, not fiscal years. By then, we will be the Paper Tiger.

George Mindling © 2005

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