With China’s economy failing, the Chinese KMT-Nationalist party living in exile at Taiwan may have made a mistake in trying to merge the fates of the New Taiwan Dollar with the Chinese Yuan. Election time in Taiwan could mean a political “pay day”. China is in financial crisis.
Weapon sales from the US to Taiwan have stalled during the tenure of Obama and Ma, Taiwan’s president. Both elections are in 2016 and analysts are wondering why the US won’t deliver on its sales to Taiwan. The obvious answer seems to evade experts and pundits. Even with America’s failed negotiations with China, the Pentagon doesn’t seem stupid enough to sell weapons to a nation run by leaders who don’t know how to explain their own foreign policy. The Pentagon delivery service will deliver once Taiwan clearly announces which country should appear on the shipping label.
In the meanwhile, China’s bad economy seems more scary than Greece’s. · · · →