China vs. U.S.: economic power vs. military might; which will prevail?

Two world powers, with two distinctly different political philosophies, proceed in world affairs on strikingly different courses. China has chosen to flex its economic muscle while America’s strategy is based on using military might in pursuing its agenda.

On the surface the relationship between the U.S. and China, its designated manufacturer, seems to be going quite well but beneath the surface there is a fierce rivalry that is growing in intensity. The Chinese government is quite clever and also very patient. For the time being it is quite content to just continue to be our prime supplier of products and our favored source for borrowed funds. It knows very well that America is its cash cow, at least for the time being. But we better think again if we believe that it does not have an alternate long-term strategy to fall back on when and if their cash cow defaults on its debts.

The U.S. and China, with their huge economies, are totally dependent upon a steady, guaranteed supply of petroleum into the future. While supplies of oil have been very plentiful for many decades, that situation is beginning to rapidly change. Our very painful experience with $147 per barrel of oil in 2008 may have dissipated for now but experts predict that, in the not too distant future, the world will experience huge escalations in prices as supply will not be able to keep up with demand.

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