Constitutional Emergency

Why and How the U.S. Should Stop Financing China’s Bad Actors

Why and How the U.S. Should Stop Financing China’s Bad Actors

October 2019 • Volume 48, Number 10

Roger W. Robinson, Jr.
Chairman, Prague Security Studies Institute

Roger W. Robinson, Jr. is president and CEO of RWR Advisory Group and co-founder and chairman of the Prague Security Studies Institute. He earned a B.A. from Duke University and an M.A. from George Washington University. He served as senior director of international economic affairs on President Reagan’s National Security Council, where he was the principal architect of the secret economic and financial strategy that proved decisive to the defeat of the Soviet Union. He later served as chairman of the Congressional U.S.-China Economic and Security Review Commission. Prior to his government service, he was a vice president in the international department of the Chase Manhattan Bank.

The following is adapted from a speech delivered at Hillsdale College on September 9, 2019, during a conference on the topic, “Understanding China.”

In the early 1980s, I served on President Reagan’s National Security Council. Prior to my time at the White House, I was a vice president at Chase Manhattan Bank, in charge of its USSR and Eastern Europe division. It was my job to assess the creditworthiness of the countries in that part of the world, and I had come to realize that the Soviet Union had relatively modest hard currency income—and that what little it had came largely from the West.

In 1982, the Soviets had an empire stretching from Havana to Hanoi, but their hard currency revenue totaled only about $32 billion a year—roughly one-third the annual revenue of General Motors at the time. They were spending about $16 billion more annually than they were making, with the funding gap—the USSR’s life support—being financed by Western governments and banks.

https://imprimis.hillsdale.edu/roger-w-robinson-stop-financing-chin...

Views: 146

Reply to This

Replies to This Discussion

This one is great.
One the extension of this article is the current trade wars with China.
If anyone believes that China will simply sit back and do nothing while Trump tries to negotiate trade deals that will cost them Billions of dollars without the Chinese retaliating in one form or another, then they are a damn fool.
China is behind much of this "open-border" and US immigration run.
Plus they are heavily invested in Washington politics and are very much involved in funding and supporting the American Communist party.

The American people can just simply roll over and pull the blankets over their heads for just so long, but sooner or later this is all going to catch up to us.

You can all be well assured that China will do anything to try to get rid of President Donald Trump and to make sure Congress does NOT vote to enact any of his trade policies.

China may be behind much of this but the msm and the Dems have fought Trump since he came down  the escalator in Trump Tower.

They have not stopped.

One other huge problem we as Americans must solve and soon is our schools.   WE HAVE TO TEACH OUR KIDS B/C THEY ARE NOT.    THIS HAS TO STOP OR WE ARE IN DANGER OF LOOSING AMERICA B/C OF THE LEFT SCHOOL INDOCTRINATION CENTERS.  THEY START AT KINDERGARTEN .    WE AS PARENTS HAVE AN OBLIGATION AND IT HAS TO START W/US.

YES CHINA IS A THREAT TO US AND THE WORLD.   THEY HATE THE PRES.   NOT THAT CONGRESS HAS DONE MUCH FOR THE COUNTRY OR THEIR CONSTITUENTS.

THE BORDER WALL IS STEP ONE BUT CONGRESS HAS DONE LITTLE ELSE.  TIME THEY ARE GONE IN 2020

MY LAST ITEM IS THAT B/C OF THE INFLUX OF ILLEGALS 2020 MAY BE THE LAST HOPE ANY CONSERVATIVE HAS IF THE ILLEGAL IMMIGRATION DOES NOT END.   

RSS

About

Old Rooster created this Ning Network.

This effort is focused on sacrifice to protect and defend the Constitution of the United States against all enemies foreign and domestic.

Fox News

Tech Notes

Thousands of Deadly Islamic Terror Attacks Since 9/11



HOW TO JOIN YOUR STATE GROUP

1. Click on State Groups tab at the top of the page.
2. Find your State Flag
3. Click on Flag.
4. Look for link to join Your State Group near the top of the State Groups page.
5. Click on it.

Follow the Prompts


How to post "live" URL in posts at PFA............. Adding URLs in blog posts that are not "live" is a waste of everyone's time.....
Here's how....if anyone has better guidance send to me.....
First........type your text entry into the post block to include typing or paste the URL you want us to view........when finished with the text, highlight and copy the URL in the text.......then click the "add hyperlink" tool in the B, I, U box just above the text entry, after clicking, a window will open asking for the URL...paste the URL in the box and click "OK". You have now made the URL "live"...........it shows some code before the post is published, it goes away when you "publish post".......

Events

© 2020   Created by Old Rooster.   Powered by

Badges  |  Report an Issue  |  Terms of Service