The US faces economic challenges. We’re about to be done with pandemic inflation—that is inflation wrought to tamp down economic fallout from the pandemic, but arguably a pandemic of inflation in itself. We can’t keep interest rates this low and we can’t keep printing money. Britain has also about had it. The West is due for a change of pace. Enter Taiwan.
China’s incursion of Taiwan’s airspace made Matt Drudge’s top three headlines this weekend. With 93 Chinese military jet incursions in three days, Taiwan says its preparing for war because it must. And, Taiwan rallies allies like Australia with the fact that Taiwan houses one of the largest IC conductor suppliers in the world.
But, consider more than just the Chinese aggression. Consider the Western economic situation.
Chinese aggression and the freedom of Taiwanese sells well to the general public. But, compassion alone does not shape global politics. China is chasing a dream of respect—which isn’t as motivating as Western economies needing a turbocharger. China isn’t just making a miscalculation on its military capacity by winning respect as the world’s bully. China is making the grave error of provoking when the allies of its sworn enemy are hungry. All eyes in the West are about to shift toward a war with China every bit as swift and embarrassing as the Opium Wars.
While China takes center stage, the Supreme Court gears up to review Roe v. Wade and gun owner rights.
Law
Abortion, guns, religion top a big Supreme Court term // AP
Peace & War
Taiwan headline of Drudge Report! // Instagram
Prices, Rates, Oil & Food
‘A perfect storm’: supply chain crisis could blow world economy off course // Guardian
NATO Focus
‘I’ll be darned’: Biden reacts to pivotal German election result // CNBC