Gateway Pundit by Joe Hoft February 26, 2020
Steve Bannon Was Right – Trump’s Tariffs and China Strategy to “Reorient the Entire Supply Chain†Is Working – Coronavirus Simply Speeds Up Process
President Trump knew that China needs the US now more than ever but the US didn’t need China.We posted a presentation from former Trump Chief Strategist Steve Bannon regarding China. He discussed how China is in an economic war with the US. He said America was losing until President Trump. Then he added this:
Well here’s the game and right now we are converging on a point and they understand this. We could take the whole thing down. We can take, the whole thing’s built on a house of sand…
If they [China] devalue their currency they are just going to flood more out. They got $3 trillion of reserves and trust me, in a New York second that thing would flood out in a second. That’s what their own people think about their economy. We’ve allowed these guys to push us around. We’ve allowed these guys to take the South China Sea…
This trade war is going to end in victory and what you’re going to see is a reorientation of the entire supply chain out of China…
Bannon is right. We reported in May that just like the US in 2008, a perfect storm is building in China. The excessive and extravagant construction projects, cash-flow challenges and lack of demand in China all could combine for a major financial disaster.
More:
https://www.thegatewaypundit.com/2020/02/steve-bannon-was-right-trumps-tariffs-and-strategy-to-reorient-the-entire-supply-chain-is-working-coronavirus-simply-speeds-up-process/
