https://strategic-culture.org/news/2022/12/27/high-cost-of-blowing-up-world-ukraine-and-2023-ndaa/
There is a wrinkle in understanding US budget passage through the system. First there is an authorisation bill and then an appropriation bill. I think, I think, the authorisation bill was passed months ago, the appropriation bill just now. But when people refer to the NDAA and it’s appropriation or authorisation, in my depth of acronym management, I just say, it’s done, it will sadly, be done, and the money will be borrowed or printed. And fundamental social needs neglected.
I mention in that context that China continues to sell US treasury paper, down 10% in the past year, approximately, from a trillion to nine hundred billion. They need the money at home but are also mindful of pressures on the dollar and of Russia’s experience of the fate of its funds in the US. And Afghanistan’s. Confiscated.
China is also now involved in a bigger game. Sean Foo in Singapore is worth listening to:
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