Economic warfare

The Blue Collar Muse covers a twist in the debt/credit/financial rattling of sabres:

http://bluecollarmuse.com/2011/08/17/a-us-tactical-advantage-in-an-economic-war-with-china/

Aside from the very interesting twist in debt holdings that BCM provides (you’ve gotta follow the link) there is also this reminder from a while back.

18 months ago The New York Post reported that two and a half years ago,

… the Pentagon held its first-ever economic-warfare war game, with China as the putative opponent and with economists and bankers (including from UBS) helping out.

Details of what unfolded are still classified. However, sources told Fox Business News that the scenario played out as planned. That was the good news.

The bad news is that China won.

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