David Goldman, aka “Spengler” on Obama’s foreign policy
From conversations with friends and acquaintances in Hong Kong, the damage the Obama administration has done to American interests in the Far East may be far worse than meets the eye. The Bush administration, whatever its other failings, achieved something that no previous US administration had done, namely to reassure China that the United States was committed to preserving its territorial integrity, among other things by defusing the Taiwan issue.
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Relations with Islam occupy the top spot on Obama’s international agenda, and Obama announced this policy in Turkey, the supposed showcase for moderate Islam– except that this “moderate Islam†wants to destabilize China, which is not a smart thing to do. The Chinese are trying to understand why America is going out of its way to placate a bunch of losers and sacrificing key relationships in order to do so.
Add to this the very well publicized lack of confidence in an economic policy which keep shoving American debt down the throat of the world market, and I would say China is very worried indeed.
[From Obama worries China]
And in his recent post on Gold and American Power
But the Obama administration is so destructive of American influence that the world has to own gold as a hedge against the collapse of America’s international position. I own a bit myself, not as an investment but as an insurance policy.
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