by James Rickards
The Elites have
States and Russia,
in order to
The biggest story out of China right now is
But while it's important, the bigger story is the geopolitical
dynamic between the U.S., China and Russia.
Today I'm going to address that dynamic and show you how Washington
has squandered a major opportunity to turn it in America's favor.
When future historians look back on the 2010s, they will be baffled
by the lost opportunity for the U.S. to,
It will seem a great loss
for the world.
Here's the reality:
...are the only true
superpowers and the only three countries that ultimately matter
in geopolitics. That's not a slight against any other power.
But all others are secondary powers,
This means that the
ideal posture for the U.S. is to ally with Russia (to
marginalize China) or ally with China (to marginalize Russia),
depending on overall geopolitical conditions.
The U.S. conducted this kind of triangulation successfully from
the 1970s until the early 2000s.
One of the keys to U.S. foreign policy in the last 50 or 60
years has been to make sure that Russia and China never form an
separated was key...
In 1972, Nixon
pivoted to China to put pressure on Russia.
In 1991, the U.S.
pivoted to Russia to put pressure on China after the
Tiananmen Square massacre.
U.S. has lost sight of this basic rule of international
It is now Russia and
China that have formed a strong alliance, to the disadvantage of
the United States.
China and Russia have
forged stronger ties through the Shanghai Cooperation
for example - a military and economic treaty - and
the BRICS institutions.
Part of it is an
One leg of the
China-Russia relationship is their joint desire to see the
U.S. dollar lose its status as the world's dominant reserve
They chafe against
the ways in which the U.S. uses the dollar as a financial
But ultimately, this
two-against-one strategic alignment of China and Russia against the
U.S. is a strategic blunder by the U.S.
Russia is the nation
that the U.S. should have tried to court and should still be
That's because China
is the greatest geopolitical threat to the U.S. because of its
economic and technological advances and its ambition to push the
U.S. out of the Western Pacific sphere of influence.
Russia may be a threat to some of its neighbors, but it is far
less of a threat to U.S. strategic interests.
Therefore, a logical
balance of power in the world would be for the U.S. and Russia to
find common ground in the containment of China and to jointly
pursue the reduction of Chinese power.
Of course, that hasn't happened... and we could be paying the price
for years to come...