A recent article in the Washington Times was entitled “Chinese see U.S. debt as weapon.” The article notes that China has approximately $800,000,000,000 in U.S. Treasury debt (notice how big that debt looks when you write out all the zeros), and that top-ranking generals have advocated that China use that debt as a weapon against the USA. A top Chinese general advocated that China “adopt a strategic package of counterpunches covering politics, military affairs, diplomacy and economics” to wound the USA.
Hurting the USA via economic warfare was one of the points advocated by two Chinese General staff officers in a 1999 book entitled Unrestricted Warfare, a book that I have cited in periodic blogs over the last couple of years. That book is also cited in the Washington Times article, and it calls for the waging of war against the USA via unconventional tactics such as “financial and trade” means. Having $800 billion of U.S. Treasury debt in their hands gives China a golden opportunity to use that debt to leverage and manipulate U.S. policy decisions. A State Department spokesman is quoted as opining that China would not use U.S. debt as a weapon as that would be “biting the nose to spite the face.” It is my opinion that the U.S. State Department official’s comment is strikingly clueless. China’s strategic goal is world domination, not avoiding pains for its nation and people. A previous blog at my website cited a Chinese general’s statement that China would accept the loss of hundreds of millions of its own people in order to defeat the USA. If China is willing to accept that great a loss to defeat the USA, there is no question it would accept the vastly-less level of pain to itself that would be caused by dumping U.S. Treasury debt on the world markets at a time of its choosing.
The article reports that one of the firebrand Chinese generals who made the warlike comments was “demoted,” however, that demotion was “called into question” by the fact that the same firebrand Chinese General was later featured in an article by the “tightly-controlled state-run media in China.” China’s Communist government would not have featured this general’s bellicose views in written publications unless it reflected the viewpoints of the Chinese government.
Ezekiel 38-39 prophesy that an alliance including Russia, China and Iran will militarily attack the USA, the NATO nations and their allies in a global World War III at the end of this age. Given that this event will eventually come to pass as no one can stop God’s will from being implemented (see Isaiah 41:21-26), it is entirely logical that China will eventually use the very exposed U.S. debt position to also bring down our nation. Proverbs 22:7 states that debtors are servants to lenders. The USA’s corporate and governmental leaders have foolishly made themselves “servants” to China by going far into debt to China and by locating production facilities in a hostile Communist nation (where those factories all serve as “collateral” for U.S. Treasury debts). I expect that China will “teach the USA a lesson” on the consequences of excessive debt in the foreseeable future. If China can take-down the U.S. economy and grievously wound the USA while absorbing a lesser blow to itself, China will likely see that outcome as a worthwhile risk and take that action at a time of its own choosing. When that day comes, you can be sure the U.S. State Department will not be consulted and it will not receive any prior warning.
[Note: For more information on this topic, new readers at this website are encouraged to read my article “What Ezekiel 38-39 Reveal about a Future World War III,” available at the articles link of this website.]