ALSO FROM BOOM FINANCE

BLINKEN, YELLEN AND NOW KISSINGER GO BEGGING

Over the last month or so, China has welcomed visits from the US Secretary of State, Anthony Blinken, the US Treasury Secretary, Janet Yellen and last week, the old warhorse of US foreign relations, Henry Kissinger, who is 100 years old. Apparently, over the last 50 years, Kissinger has made 100 trips to China so he is well known there.

Xi Jinping, the Chinese President said “The Chinese people never forget their old friends, and Sino-US relations will always be linked with the name of Henry Kissinger.” He was clearly referring to the past. Kissinger replied by saying that he was a “friend of China.”

Apparently, Kissinger was travelling as a private person according to the US State Department. If you believe that, BOOM has a bridge to sell you.

This appears to be an even more desperate attempt to patch up relations with China as the US has suddenly realised that they are fully dependent on China for many essential goods. They are also (clearly) seeking to turn China against Russia. If you think they have any chance of that, BOOM has another bridge to sell you.

Anthony Blinken chimed in nicely on a trip to Tonga last week by saying in a Press conference that China’s activities in the Pacific were “predatory” and “problematic.”

There are reports that he warned against Chinese investments, claiming Beijing was behind “some predatory economic activities, and also investments that are done in a way that can undermine good governance and promote corruption.”

This is called the pot calling the kettle black. The US is expanding its own presence via the Indo-Pacific Strategy released in February 2022 which calls for the US to expand its diplomatic and military presence in the Pacific Islands and Southeast Asia. The old saying about the goose and gander springs to mind. However, BOOM suspects that China would have thought “with friends like that who needs enemies?”

The US is desperately talking but China and Russia have stopped listening, along with many other nations who are now rapidly shifting their attention towards the economic cooperation being offered by the BRICS and the Shanghai Cooperation Organisation. The use of economic sanctions by America, the capture of offshore Russian assets, the weaponization of the US Dollar, their conduct in the Ukraine war since 2014 plus the attack on the Nordstream pipeline and recent attack on the Kerch Bridge in Crimea are taking a serious toll on the credibility of the United States in diplomatic circles.

Geopolitical reality is changing forever and America seems clueless to understand what is happening. Soon, even the people of Western Europe will wake up and force their nations away from kow towing to US influence. BOOM thinks that will happen during the next 5 years as Europe suffers persistent economic stagnation and growing social unrest. Most of the Middle East, Africa and much of South America has already done so.

Anthony Blinken and Joe Biden will go down in history as the men who lost an Empire.