Like a traveler sailing the Archipelago who sees the luminous mists lift toward evening, and little by little makes out the shore, I begin to discern the profile of my death.

– Marguerite Yourcenar, Memoirs of Hadrian

It may seem far too early to make any calls about how the escalating power struggle between the US and China will resolve itself. But in reality, the end point is certain. The open question is how long and bloody the path there will be.

As we’ll argue, the Chinese threat display of wargames that were technically not a blockade of Taiwan but more than sufficient to show it could be done, and also pointedly breached a polite former acceptance of Taiwan’s claims to air and water ways, were directed most of all to the population of Taiwan. It was already not happy about this level of US provocation:

According

Keep reading this article on Naked Capitalism (Yves Smith) - Blog.

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