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What that they say about beggars can't be chooses to the military guys that does not mean we can.
Show some guts now and then and -- China expert who says when we do -- -- still can't help but.
Be -- its proper place now and then.
-- -- retired lieutenant colonel Ralph Peters -- Hello Richmond and noted so right now what -- Gordon Chang the coming collapse of China author as well -- -- terrorists what do you make of all of this loyal.
The same day.
Well the overall picture is very straightforward.
Americans want to be logged -- that's nice.
But to be an effective super power you have to be -- You don't happen to kill everybody but -- they've got to know when you say something you made it.
And frankly no world leaders have any respect left we're certainly fear a President Obama.
He -- heat policy he never blows a house found -- cooking the argument put.
Who has a deep sadistic streak is -- that time of his life he's just enjoying it and -- the Dickens out of this.
And the best way to put it in perspective for your viewers -- hears it.
Think improving as it did just that nasty schoolyard bully.
And Obama as -- skinny little flip Smart kid with a big glass in the -- for books.
And prudent just enjoys thumping that they aren't settlement -- on issue after issue.
And Obama's keeps crying insane but we're still friends are still friends I think it's preposterous -- Obama has.
The image of the United States has its power to be taken seriously.
But go you know Gordon I have to wonder that you wrote a good -- about this multi decade long phenomena going on where.
We have always sort of begged cajoled trying to as it rose to the economic ranks -- -- -- more -- debt.
So we got a position of being kind of -- hold that a Chinese but always on defense zero point never on offense to your earlier point as well about.
Trying to -- us more than we need that but now that it did the deed is done the bed is made.
And and they are laughing what do we do.
I think there's a number of things -- you know they've got and liquidity crisis that started in May and which really became evident this month.
This month we've seen a number of incidents each one worse than the proceeding one.
And so the Chinese now are quite vulnerable and I think that all it would take really is for a bomb it and make it very clear to the Chinese that we could do a number of things.
One of them is we could stop wall technology transfers to China.
One -- them -- stop all acquisitions of US companies by Chinese companies start maybe denying visas to Chinese.
-- Gordon art theory is that they respond okay see that debt we know you're gonna start.
Untangle him or the very least we're not gonna buy anymore of it.
-- -- -- -- Well -- they haven't been buying Chinese -- for seven calendar quarters since July of 2011.
China's holdings of US treasuries has stayed constant at one point three trillion dollar and Japan has eclipsed them as the largest owner of that that bit and Egypt and Japan has and also you know the debt that we issue is in our own currency and also it has fixed maturity so the Chinese can't say I wanna be paid.
The what they have to do is to go into the global markets and sell this stuff.
And if they sell it it's going to have all sorts of consequences which basically end up our debt being held by our friends like France Germany Japan.
And the Chinese being out of the picture altogether which is the reason why they never never exercise what they called the nuclear option which is selling -- -- But you know the -- where we are afraid of them and whether they're there is that feeling that that you know something that's an error like that could harm China a lot more than a good -- Basra the very least harm China and us.
The world is on defense -- were all we.
Skittish what do we do.
Well first -- -- -- -- food amazes me -- is it domestically.
The Obama in Chicago gang.
Play hardball on every issue actually is mob style politics not with the China is not but no relaxing but that's domestically.
But when it goes through problems beyond are sure they turn into -- super win I mean they have no guts no consistency.
No vision no courage.
And oh by the way Obama.
We are very limited what we can do with Russia because Obama has already sold the nuclear crown jewels he wants to give more of them away.
And we need -- his policies surge in Afghanistan which was disastrous from the start.
Means we have -- for more equipment there -- we would have had otherwise the equipment largely have to come out through Central Asia and Russia.
We we make -- angry they closed down that that -- supply routes for our troops and the egress routes for our equipment so.
Obama has never never had an integrated coherent strategy and now -- to the point where as you -- Ecuador's thumbing his nose out.
At -- but it wants it one last thing please.
You know I do hope some of the people that initially.
Edwards noted that there at the NSA trader as a patriot and -- hero.
Are having some buyer's remorse if using guy this.
He's gone to China he's gone to Russia he's on his way to Ecuador possibly through Cuba and Venezuela.
No countries it.
-- by had any free speech also -- her own citizens some which killed journalists they don't like to -- -- some hero.
Aren't gentlemen thank you both very much.
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