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- On Friday, April 12, 2019
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Averting World Conflict with China, by Ron Unz - The Unz Review
As most readers know, I’m not a casual political blogger and I prefer producing lengthy research articles rather than chasing the headlines of current events.
Although now released on $10 million bail, she still faces extradition to a New York City courtroom, where she could receive up to thirty years in federal prison for allegedly having conspired in 2010 to violate America’s unilateral economic trade sanctions against Iran.
Although our mainstream media outlets have certainly covered this important story, including front page articles in the New York Times and the Wall Street Journal, I doubt most American readers fully recognize the extraordinary gravity of this international incident and its potential for altering the course of world history.
As a result, local American courts have begun enforcing gigantic financial penalties against foreign countries and their leading corporations, and I suspect that the rest of the world is tiring of this misbehavior.
Perhaps such actions can still be taken against the subservient vassal states of Europe, but by most objective measures, the size of China’s real economy surpassed that of the US several years ago and is now substantially larger, while also still having a far higher rate of growth.
Provoking a disastrous worldwide confrontation with mighty China by seizing and imprisoning one of its leading technology executives reminds me of a comment I made several years ago about America’s behavior under the rule of its current political elites: Or to apply a far harsher biological metaphor, consider a poor canine infected with the rabies virus.
These days, General Motors sells more cars in China than in the US, and China is also the manufacturing source of nearly all our iPhones, but Tim Cook, Mary Barra, and their higher-ranking subordinates are unlikely to visit that country in the immediate future, nor would the top executives of Google, Facebook, Goldman Sachs, and the leading Hollywood studios be willing to risk indefinite imprisonment.
World peace and American national security interests are being sacrificed in order to harshly enforce the Israel Lobby’s international sanctions campaign against Iran, and we should hardly be surprised that the National Security Adviser John Bolton, one of America’s most extreme pro-Israel zealots, had personally given the green light to the arrest.
But Bolton’s apparent involvement underscores the central role of his longtime patron, multi-billionaire casino-magnate Sheldon Adelson, whose enormous financial influence within Republican political circles has been overwhelmingly focused on pro-Israel policy and hostility towards Iran, Israel’s regional rival.
Over the years, Adelson’s Chinese Macau casinos have been involved in all sorts of political bribery scandals, and I suspect it would be very easy for the Chinese government to find reasonable grounds for immediately shutting them down, at least on a temporary basis, with such an action having almost no negative repercussions to Chinese society or the bulk of the Chinese population.
don’t have a background in finance and I haven’t bothered trying to guess the precise impact of a temporary shutdown of Adelson’s Chinese casinos, but it wouldn’t surprise me if the resulting drop in the stock price of Las Vegas Sands Corp would reduce Adelson’s personal net worth were by $5-10 billion within 24 hours, surely enough to get his immediate personal attention.
Meanwhile, threats of a permanent shutdown, perhaps extending to Chinese-influenced Singapore, might lead to the near-total destruction of Adelson’s personal fortune, and similar measures could also be applied as well to the casinos of all the other fanatically pro-Israel American billionaires, who dominate the remainder of gambling in Chinese Macau.