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This post was edited by abramicus at 2013-11-4 04:08|
These developments show that American leaders are beginning to understand what Japan is really up to, and playing with stakes far in excess of its ability to pay, akin to a Mortgage Dirivative Bet that nearly destroyed the US banking system, after suffering a major stock market collapse and reorganization of several major banks whose names now have vanished from the media.
First, Japan tried to convince China that it has the capital to take over Diaoyudao, on the basis of its Joint Defense Treaty with the USA. To China, that collateral is insufficient, as it can outbid any would be takeover artist with its entire national resources, its entire military strength, and its extended forever commitment to the undertaking - and time is money. Not to speak of that fact that China has the legal title to Diaoyudao to begin with. Then Japan used its media to spread the rumor that the US has drawn up a joint military defense of Diaoyudao, almost like a letter of credit to a very expensive import that Japan wants to get, only to be rebuffed when Chinese journalists asked Washington directly about it.
Now, Japan wants to leverage its non-existent ownership and control over the US missile defense network in convincing Russia it can "buy" Diaoyudao with this asset. It could not deliver when asked by the Russians about it.
Like the sinking economy of Japan, Abenomics in military and diplomacy is all air, but the danger of it is that US security and economic stabiity is being leveraged to acheive purely Japanese nationalist semi-Fascist goals, and America does not want to be another AIG, rubberstampng all the bond insurance policies that Japan is issuing like there is no tomorrow. Well, maybe, the Japanese are right that they have no tomorrow, but that does not apply to Americans at all. This distinction should be made, Amigo!