The escalation of military tensions between Washington and Beijing in the East China Sea is superficially over China’s unilateral declaration of an air defense zone. But the real reason for Washington’s ire is the recent Chinese announcement that it is planning to reduce its holdings of the US dollar. That move to offload some of its 3.5 trillion in US dollar reserves combined with China’s increasing global trade in oil based on national currencies presents a mortal threat to the American petrodollar and the entire American economy. This threat to US viability - already teetering on bankruptcy, record debt and social meltdown - would explain why Washington has responded with such belligerence to China setting up an Air Defense Identification Zone (ADIZ) last week extending some 400 miles from its coast into the East China Sea. Beijing said the zone was aimed at halting intrusive military maneuvers by US spy planes over its territory. The US has been conducting military flights over Chinese territory for decades without giving Beijing the slightest notification. Back in April 2001, a Chinese fighter pilot was killed when his aircraft collided with a US spy plane. The American crew survived, but the incident sparked a diplomatic furor, with Beijing saying that it illustrated Washington’s unlawful and systematic violation of Chinese sovereignty. Within days of China’s announcement of its new ADIZ last week, the US sent two B52 bombers into the air space without giving the notification of flight paths required by Beijing. American allies Japan and South Korea also sent military aircraft in defiance of China. Washington dismissed the Chinese declared zone and asserted that the area was international air space.[...] It is hard to justify Washington and Tokyo’s stance on the issue. The islands are much nearer to China’s mainland (250 miles) compared with Japan’s (600 miles). China claims that the islands were part of its territory for centuries until Japan annexed them in 1895 during its imperialist expansion, which eventually led to an all-out invasion and war of aggression on China. Also, as Beijing points out, the US and its postwar Japanese ally both have declared their own air defense zones. It is indeed inconceivable that Chinese spy planes and bombers could encroach unannounced on the US West Coast without the Pentagon ordering fierce retaliation. Furthermore, maps show that the American-backed air defense zone extending from Japan’s southern territory is way beyond any reasonable halfway limit between China and Japan. This American-backed arbitrary imposition on Chinese territorial sovereignty is thus seen as an arrogant convention, set up and maintained by Washington for decades. The US and its controlled news media are absurdly presenting Beijing’s newly declared air defense zone as China “flexing its muscles and stoking tensions.” And Washington is claiming that it is nobly defending its Japanese and South Korea allies from Chinese expansionism. However, it is the background move by China to ditch the US dollar that is most likely the real cause for Washington’s militarism towards Beijing. The apparent row over the air and sea territory, which China has sound rights to, is but the pretext for the US to mobilize its military and in effect threaten China with aggression. In recent years, China has been incrementally moving away from US financial hegemony. This hegemony is predicated on the US dollar being the world reserve currency and, by convention, the standard means of payment for international trade and in particular trade in oil. That arrangement is obsolete given the bankrupt state of the US economy. But it allows the US to continue bingeing on credit. China - the second biggest economy in the world and a top importer of oil - has or is seeking oil trading arrangements with its major suppliers, including Russia, Saudi Arabia, Iran and Venezuela, which will involve the exchange of national currencies. That development presents a grave threat to the petrodollar and its global reserve status. presstv.ir/detail/2013/12/01/337581/real-reason-behind-uschina-tensions/
Posted on: Sun, 01 Dec 2013 23:27:25 +0000
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