Hence, given the Chinese market’s importance for US companies, an attack on Taiwan may generate much less pushback, if any. Moreover, the dollar’s weaponization is accelerating investors’ fight from the Treasury and the greenback — a ‘global monetary reset’. Consequentially, both neutral countries like India and hostile powers like Iran are becoming increasingly less vulnerable to currency-based sanctions. More importantly, as China’s Yuan starts to behave as a ‘safe-heaven asset’, Taipei’s door is shut wide open.
The costs abdicating pacifsm
Summarising, the cost of not attempting to bring about a pacifist solution to the war in Ukraine is enormous. Today, the US and NATO risk World War III to deliver weapons that may not save the Ukrainian government. Tomorrow, reliance on private companies’ sanctions and the dollar’s premature weaponization may lead the US in a war with China.
But is Ukraine’s government worth the risk? (Fabio A. Telarico)
Fabio A. Telarico was born in Naples, Southern Italy. Since 2018 he has been publishing on websites and magazines about the culture, society and politics of South Eastern Europe and the former USSR in Italian, English, Bulgarian and French.