Buchanan’s Take on China

Is China our business? Pat Buchanan puts forth some hard-hitting questions here:

First, why is this our quarrel? We have no claim to any of the Spratly or Paracel Islands in the South China Sea. Yet, each of the claimants — Beijing, Taipei, Manila, Hanoi — seems to have maps going back decades and even centuries to support those claims.

Besides freedom of the seas, what is our vital interest here?

If these islands are Chinese territory, Beijing has the same right to build air and naval bases on them as we do in the Aleutians, Hawaii, Wake and Guam. What do we hope to accomplish by sailing U.S. warships into what China claims to be her territorial waters?

While the ships of the U.S. Seventh Fleet are superior to those of the Chinese navy, China has more submarines, destroyers, frigates and missile boats, plus a vast inventory of ground-based missiles that can target warships at great distances.

In an increasingly nationalist China, Xi Jinping could not survive a climbdown of China’s claims, or dismantlement of what Beijing has built in the South China Sea. President Xi no more appears to be a man to back down than does President Putin.

Continued U.S. overflights or naval intrusion into the territorial waters of Chinese-claimed islands are certain to result in a violent clash, as happened near Hainan Island in 2001.

Where would we go from there?

China today is in trouble. She is feared and distrusted by her neighbors; her economy has lost its dynamism; and the Communist Party is riven by purges and rampant corruption.

If we believe this will be the Second American Century, that time is on our side, that Chinese communism is a dead faith, we ought to avoid a clash and show our opposition to Beijing’s excesses, if need be, by imposing tariffs on all goods made in China.

China’s oligarchs will understand that message.

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E.J. Smith - Your Survival Guy

Preparing your investments and family for when disaster strikes.

E.J. Smith is the Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention. E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com. Sign up here to receive all the best content from Richardcyoung.com each week.

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