America should coordinate with allies to seize China’s holdings of U.S. Treasury and other state treasuries’ obligations as compensation for the one-party state’s negligence regarding the coronavirus outbreak, said Gordon Chang, Daily Beast columnist and author of The Great U.S.-China Tech War.
“I think the United States should seize China’s holdings of U.S. treasuries,” said Chang on Wednesday’s edition of SiriusXM’s Breitbart News Daily in an interview with host Alex Marlow.
We should do this in conjunction with the issuers of the other major occurrences,” added Chang, specifying Canada, the U.K., Switzerland, and Japan. “If we act alone, China is going to say that we repudiated our debt. We’re going to take a reputational hit, which is going to be a big one. Also, they’re going to say that we are an irresponsible member of the global financial system, and that the [U.S.] dollar shouldn’t be the reserve currency of the world.”
Pence reveals words exchanged with President-elect Trump at Carter funeral
LAPD Clears Arson Suspect but Fireman Cites Video of Men Dumping, Lighting Gasoline Before Palisades Fire Exploded
Dem senator warns ‘LA fires are preview of coming atrocities,’ claims Trump bought off by ‘Big Oil’
Trans Workers at Facebook Face Nasty Surprise Visiting the Bathroom Under Zuckerberg’s New Policy: Report
Special counsel Jack Smith resigns after 2-year stint at Department of Justice
Trump announces new Cabinet deputies as inauguration date draws near
Trump Could Reclaim Iconic Piece of D.C. Real Estate, Reinstall Name Over Nation’s Capital City: Report
North Carolina governor pushes FEMA to extend temporary shelter assistance as winter storm rolls in
Fans Angry When $250k per Episode Actress Begs People to Give Her In-Laws $60k After LA Fires
Fact Check: Are Black Women ‘The Most Educated Demographic,’ as Rep. Jasmine Crockett Claimed?
Winter weather limits North Carolina governor’s inauguration to TV speech
Ingraham Left Literally Speechless at Mel Gibson’s Final 5-Word Message to Newsom
Internal Docs Show 2 of LA Fire Dept’s Top 3 Goals Were DEI, While Disaster Recovery Ranked Dead Last
James Woods Breaks Down After Being Told He Lost It All in LA Fire, Then Everything Changed: ‘A Miracle Has Happened’
Pence reveals what he said to Trump at Carter funeral
LISTEN:
Chang continued, “If we act with our allies and friends — the issuers of these other currencies — we can take away that argument from China. We can never take enough money from China to compensate us. We’ve lost so many people. We will lose so many people. Even just if you looked at the the financial damages, China doesn’t have enough assets in the world to compensate the United States, much less other countries. Nonetheless, we’ve got to deter bad actors including China from doing what they did in spreading this disease.”
Chang added, “All we have to do is [have] the Treasury Department and the President of the United States say, ‘We’re not paying you back. We’re confiscating your holdings of treasuries.’”
Washington’s seizure of China’s U.S. Treasury holdings would be coordinated with parallel measures from in Ottawa, London, Brussels, Bern, and Tokyo, according to Chang’s proposal.
Pence reveals words exchanged with President-elect Trump at Carter funeral
LAPD Clears Arson Suspect but Fireman Cites Video of Men Dumping, Lighting Gasoline Before Palisades Fire Exploded
Dem senator warns ‘LA fires are preview of coming atrocities,’ claims Trump bought off by ‘Big Oil’
Trans Workers at Facebook Face Nasty Surprise Visiting the Bathroom Under Zuckerberg’s New Policy: Report
Special counsel Jack Smith resigns after 2-year stint at Department of Justice
Trump announces new Cabinet deputies as inauguration date draws near
Trump Could Reclaim Iconic Piece of D.C. Real Estate, Reinstall Name Over Nation’s Capital City: Report
North Carolina governor pushes FEMA to extend temporary shelter assistance as winter storm rolls in
Fans Angry When $250k per Episode Actress Begs People to Give Her In-Laws $60k After LA Fires
Fact Check: Are Black Women ‘The Most Educated Demographic,’ as Rep. Jasmine Crockett Claimed?
Winter weather limits North Carolina governor’s inauguration to TV speech
Ingraham Left Literally Speechless at Mel Gibson’s Final 5-Word Message to Newsom
Internal Docs Show 2 of LA Fire Dept’s Top 3 Goals Were DEI, While Disaster Recovery Ranked Dead Last
James Woods Breaks Down After Being Told He Lost It All in LA Fire, Then Everything Changed: ‘A Miracle Has Happened’
Pence reveals what he said to Trump at Carter funeral
Marlow concurred, “We need to have some sort of level of of punishment or retribution. … The word that comes to mind for me is reparations.”
China’s initial denials of the coronavirus’ human-to-human transmissibility caused delayed global reaction to the viral outbreak, Chang remarked.
“What the media has done in the United States is adopt China’s narratives without fully explaining them,” stated Chang. “That is a dereliction of their duty.”
Chang maintained his call for decoupling the U.S. economy from China.
“I think we can cut our relations [with China] not in decades, but in months, especially if President Trump is reelected,” Chang said. “Of all the people who are running, [Donald Trump] is the one who is the most skeptical of China. He’s the one who’s actually changed America’s China policy and broken the engagement approach of the last four decades.”
Story cited here.
