Trouble is that most U.S. steel is imported from Asia nowadays...
China’s hawks demand cold war on the US
MORE than half of Chinese people questioned in a poll believe China and America are heading for a new “cold war”.
The finding came after battles over Taiwan, Tibet, trade, climate change, internet freedom and human rights which have poisoned relations in the three months since President Barack Obama made a fruitless visit to Beijing.
How the Fed Started an Economic World War: Let the Currency Wars Begin
Under the benign name of "quantitative easing," we may be witnessing the first stages of what will be called World War III. However, in this war, there will be no bullets or armies; instead, currency speculators will swoop into economies and inflate asset bubbles only later to pull out and leave these economies destitute. The first move will probably be a massive buying spree of Chinese and Brazilian currencies, which will be followed by some type of monetary retaliation. Meanwhile, Europe will sit on the sidelines because their central banks cannot conjure money out of thin air.
Pentagon Readies New Ship-Killers for Pacific Showdown
Pentagon planners were wary of China’s double-digit military-budget growth rates even before the global economic crisis put the squeeze on America’s own defense investment. Now the Chinese army’s growth continues while America’s flat-lines. That’s got the U.S. military, especially the Navy, scrambling for new ideas.