Chinese Official Raises Specter of ‘Financial War’ with the United States

• Why is Trump so aggressive in executing the Trade War? He knows the dollar is dying. The Illuminati intends on killing the dollar and putting America into receivership under the United Nations. With a trade deficit of US$550-600 Billion per year, it is unsustainable when the world goes to a Gold Standard. With gold reserves of 8100 tonnes (if they still exist), it is worth only about US$350B. The outflow of physical gold from the US will be less than a year because of the trade deficit. The logical move for Trump is to revalue the price of gold upwards at least 10X, to make the outflow of gold 10X lesser ie. the gold will last longer. This is still unsustainable in the longer term. No one is going to finance America’s budget deficit of US$1.1 T annually. Trump is front running the coming collapse of the dollar by attacking the trade deficit via trade war. (Note: implied in the term ‘financial war’ is the nuclear option of dumping US treasuries.)
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• Chinese Official Raises Specter of ‘Financial War’ with the United States
  by ASIA TIMES STAFF, http://www.atimes.com/
  Economist Mei Xinyu says the escalating trade dispute between Washington and Beijing could have consequences “beyond our imagination”.
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  As the trade row between the United States and China heats up, a previously dovish senior Chinese government economist has taken the gloves off, quoting Mao Zedong in an interview with SpiegelOnline: “You lead your war, and I lead mine.”
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  Mei Xinyu, a member of the Commerce Ministry’s Chinese Academy of World Trade and Economic Cooperation, warned that the two economic giants might be on the brink of a “financial war” with a potential outcome that is “beyond our imagination.”
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  He told the German website that the dispute over tariffs with the US, which he provocatively dismissed as a country that is going “downhill” and has “lost its fighting spirit,” had undeniably escalated into a full-blown trade war.
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  “We’ve been in a trade war for about two months. US President Donald Trump has imposed punitive tariffs on Chinese imports worth $50 billion and threatens to expand by $200 billion. If this is not a trade war, what else?”
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  Asked about US Secretary of State Mike Pompeo’s allegations that Beijing is pursuing a “predatory” economic policy, that China’s dealings with intellectual property are “theft of unprecedented proportions” and that its promise to open markets is a “joke,” Mei said, “It shows that the US is no longer on the way up. It goes downhill. An economy that is on the upswing would not have time to comment on others.”
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