It seems every time we turn around in the United States, as we try to work our diplomatic efforts we see that China is involved. Yes, China is now the number two economy in the world, and that’s good for them, however we must also realize that we are the ones feeding that bubble, and it has now expanded globally. China appears to be on a giant scavenger hunt around the world for resources, materials, and oil.
Every time the United States puts their foot down or inadvertently makes an enemy due to human rights issues, corruption, or other disagreement we watch as China runs over and makes a new friend. In doing so they put forth various deals to see what they can get. A case in point might be how the President of Venezuela, Hugo Chavez, just made a deal to borrow money from China, which he will use to obviously continue his ironfisted socialist rule, including giveaways to the poor who he hopes will keep him in power throughout the next election China’s silk road economic belt.
There was an interesting article in the Wall Street Journal on November 11, 2011 by Jose de Cordoba titled; “China Oil Deal Will Give Hugo Chavez of Venezuela a leg up,” and the article cites that “on April 15, 2011 China dispersed at least $20.8 billion of money.” Why is this significant you ask? Well because China also has put in major oil facilities in Libya, made deals with Egypt, and is highly involved in many parts of Africa in getting oil; whereas, the United States has taken the high road in many places.
What is Hugo Chavez going to spend the money on, you ask. Well, he’s coming up for reelection, and his economic policies have put Venezuela’s economy in shambles. The people are very upset, and ready to protest in the street since the currency has been crushed, there are huge shortages, crime is out of control, and there are now more poor people than ever before. Of course anyone who understands free-market economics, also understands exactly what has happened in Venezuela.
This is significant to the US because crude oil imports from Venezuela have dropped significantly, and now that oil is being sold directly to China. Further, Iran and Venezuela together now have more proven reserves than Saudi Arabia. Therefore, they have a bigger say in OPEC, and that too will be a future problem for the United States. Like I said, every time we turn around, China is there manipulating the game, continually denying it and always stating it’s merely for their own self interests, when it appears to be obvious that they are purposely sticking it to the United States without remorse.
China is developing client nations around the globe and garnering support from the nation-states whose leaders have practically called themselves enemies of the US. Someone needs to have a talk with China, because it is supporting and rewarding bad behavior from rogue nations and rogue dictators around the planet. This will undermine the stability of world peace not only in the present period, but far off into the future. Indeed I hope you will please consider all this and think on.