Bannon And Bass: "China Is Most Significant Existential Threat The US Has Ever Faced" | WHAT REALLY HAPPENED

Bannon And Bass: "China Is Most Significant Existential Threat The US Has Ever Faced"

Perhaps out of concern that his former boss might be pushing Robert Lighthizer and Steve Mnuchin to cave on enforcement, technology transfers and market access for the sake of securing a deal with Beijing, former White House Chief strategist Steve Bannon appeared alongside hedge fund manager Kyle Bass, Wall Street's most visible China bear, to try and explain why Washington needs to stick to its guns and make sure Beijing is held to account for its decades of trade abuses.

Bass, who just the other day distributed his first investor letter in three years warning about a coming blowup in Hong Kong's balance of payments, argued that the immense pressure for Trump to strike a deal isn't coming from voters, but from Wall Street and corporate America, who have abetted Beijing in its efforts to maintain the status quo on trade - selling out their country in the process.

Drawing attention to something that few political analysts have been willing to discuss since the US-China trade spat erupted early last year, Bass broke down China's lobbying strategy, which we highlighted here.

Webmaster's Commentary: 

I am hoping (and praying) that this can be fixed diplomatically, rather than through any kind of engagement of war; because looking at the American trade position here, I am grimly reminded about Karl Marx's observation, when he warned his future readers, that all wars are economic in their origin.

And right now, the US military does not have the weaponry; the money; the manufacturing; or the troop strength to win a conventional war against China.

And President Trump; IF your advisors are telling you the truth, this is what they will be saying to you, regarding a potential war with China; just don't go there, at least, Mr. President, not right now.

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