Most of us know the old saying by the writer of the James Bond franchise that goes, “Once is happenstance. Twice is coincidence. Three times is enemy action”, and in what we are seeing occur in China over the past month, there is little doubt that the West has escalated the financial war against the world’s second largest economy into a covert war of aggression.
On Sep. 7, the PBOC announced publicly that they had sold off (dumped) $94 billion in U.S. treasuries as a means to fortify their declining equity markets. However, on this same day a fourth chemical facility has suddenly and mysteriously gone up in flames, which in correlation makes this no longer simple coincidence or negligence, but a direct operation against the sovereignty of China by an intelligence, or terrorist organization.
An explosion shook a chemical plant in the Chinese province of Zhejiang, state media said on Monday, though there were no immediate reports of casualties in a country on edge after blasts killed more than 160 people last month.
The blast caused a fire and thick smoke to bellow from the plant in Lishui city shortly before midnight, state radio said on its official Weibo microblog. – Reuters
In addition to the explosions occurring in direct relation to China’s dumping of dollar reserves, Washington recently announced they intended to administer retribution towards the Far Eastern country for alleged cyber attacks that have breached critical systems within the Federal government, and corporate structures.
One has to ask if the U.S. is biting off more than they can chew with their ongoing sanctions against Russia, their funding and arming of terrorist organizations to try and topple Bashir Assad in Syria, and now their covert attacks against their primary economic competitor China. But either way, the war against the dollar and U.S. hegemony will not slow down because of these repeating events, and may trigger an escalating war directed at bringing down America through its power to control the world’s purse.
Kenneth Schortgen Jr is a writer for Secretsofthefed.com, Examiner.com, Roguemoney.net, and To the Death Media, and hosts the popular web blog, The Daily Economist. Ken can also be heard Wednesday afternoons giving an weekly economic report on the Angel Clark radio show.