Europe certainly does not currently fit this description. But Russian military aggression is pressuring the Europeans in this direction. Bible prophecy shows whom it will be. S ince I wrote about the rising stakes in the trade war last week , things have heated up further. So it is looking for other ways to strike back. China is certainly talking tough. But what kind of resolute fighting is China talking about?
What could it do to hurt the U. Quite a lot. The Chinese government could simply sell off its holdings of U. This would make it much more expensive for America to borrow money.
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If the overall rate of interest it pays on its debt rises only a few percentage points, America will be spending more on interest payments each year than on defense. Historically, this is the point when nations tip over to complete financial and national destruction. From what we understand, the Chinese government has halted its purchases of U. Despite the direct encouragement, according to Chinese sources, by U. Losing its main customer for U. But China has other nuclear-caliber methods of striking the U. One would be to print more yuan. This would devalue the Chinese currency, causing some negative repercussions at home, but it would also make everything priced in yuan cheaper to buy.
This would create a hidden subsidy for Chinese goods and a hidden tax on American ones. Rare earth metals are essential for commerce, industry and the military.
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China has other potential weapons—such as stopping all imports of U. But at this point the most important question is, Would China really go nuclear in any of these ways? Nuclear war is a big step—and a big risk. Economists even debate who would suffer more if China dumps its U. Cutting off the American market from rare earth metals would hurt Americans, but it would cost the Chinese one of their biggest customers—and it would provoke the U. China purchased and shut down many American mines, but in time the U. If China could get Europe to join the attack, they could plunge America into economic Armageddon.
If China were to sell off U. Treasuries, it would damage the U. But if China, Europe and Japan the second-largest foreign holder of U. Treasuries, they could absolutely destroy the U. Coordinating a strike with the Europeans to cut off America from rare earth metals and damage other American sectors at the same time would prove devastating.
China is already calling for Europe to join it. While the EU has some of the same problems with China that U.
President Donald Trump articulates, it also has reason to side with China. Ferdinando Giugliano wrote for Bloomberg , April At the moment, this concern is most shared by Beijing, not Washington. Trump has also rightly singled out Germany for unfair trade practices.
Germany could decide to stand with China, rather than risk America winning the struggle against China and then targeting Berlin as its next score to settle. The Asia Times described today how China sees this trade spat as an opportunity. China, it argued, feared the U. But now it thinks it can get Europe on its side. So it makes sense that China would hold off using its economic weapons of mass destruction until it has a clear ally in Europe and until the two can coordinate their economic strikes to inflict the most damage on America and the least damage to themselves.
Massive debt dumping, yuan depreciation, a rare earths embargo: these are single-use weapons. This coordinated strike is exactly what the Bible warns of. It describes a trade alliance that includes Tyre, an ancient economic power, and a type of the economic power rising in Europe. It also includes China, using its ancient name Chittim.
Japan is also part of this group. The Bible prophesies that Europe and China will work together on trade. Other prophecies describe a group of nations that will wage devastating economic warfare against the nations descended from ancient Israel, the most prominent of which is the United States.
Trumpet writer Robert Morley outlined in an all-too-plausible example of how a combined Chinese and European economic attack could play out. Learn More - opens in a new window or tab Any international shipping is paid in part to Pitney Bowes Inc. Learn More - opens in a new window or tab. Sponsored items from this seller Feedback on our suggestions - Sponsored items from this seller.
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Select a valid country. And Trump skips merrily along. The Iran deal holds. This feels a lot more like dodgeball than leadership.
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