Dollars Slay the Dragon VI — DEI: A Mirror of Justice

Continued from the last post:

Dr. Z continued his comments on DEI:

“Beginning at the Nixon Shock, the Western DEI strategy has been going through a long fast development. More firmly believing in free market than others, Western ruling elites never tried to completely control their economy. What they tried to do with their DEI strategy was to utilize and manipulate the natural behavior of the economy.”

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Dollars Slay the Dragon V — The Magic of US Debts

Continued from the last post:

Dr. Z continued to explain the key role of the US monetary system in its DEI strategy:

“In the Western DEI strategy, Federal Reserve’s monetary policies played a key role. They worked as a handle of the ‘Business Cycle Whip’, with which US Fed and government could manipulate the periods and amplitudes of the economic fluctuations in business cycles. This is just what the Nixon Shock was for. Nixon Shock gave US Federal Reserve the full freedom to manipulate the US monetary system. After Nixon Shock, US Federal Reserve could print dollars at their free will without any restriction legally. However, such freely-printing-money behaviors were against the long tradition of free market economic philosophy in US society.”

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Dollars Slay the Dragon IV — DEI: A New Type Of Cold War

Continued from the last post:

After Dr. Z asked me to think about whose crisis this financial crisis really is, I responded:

“After listening to your analysis about this financial crisis, I feel as if you are implying this crisis was deliberately created by US or the whole Western world to strike the anti-west forces globally, or even to cause regime changes in some hostile regions. Are you saying this financial crisis is a financial war against the rising adversaries of US, such as China or Russia? Or is it a new strategy to fight the global terrorists? Does it sound a little like a conspiracy theory?”

Dr. Z answered:

“You cannot simply call it a war. Maybe the better name of it could be a ‘Diplomatic and Economic Interaction’. Interaction is not necessarily a war. It could be cooperation or a fair competition. War always means mutual destruction or one conquering the other. Cooperation and competition are the best ways to help each other. When the Western developed nations went to contact the developing, often hostile and communist, nations and regions with their ‘Diplomatic and Economic Interaction’ policy, it doesn’t mean the Western nations were ready to war against these developing nations and regions. Their DEI policy included a great deal of genuineness and generosity. But the genuineness and generosity in their DEI policy were not free. If things really went bad, DEI could become DEW, the ‘Diplomatic and Economic War’, which was often much more advantageous to the Western developed nations than their adversaries. If a war has to be fought, the Western developed nations certainly would like to fight a DEW rather than a traditional war. Therefore, when the Western developed nations reached out with their DEI policy, they were also ready for DEW.”

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Dollars Slay the Dragon III — Whose Crisis Is This?

In the Christmas of 2008, an old friend, Dr. Z, called me as usual. We got to know each other in China in the late 1990s when he was still a mathematician in training. Later on, he moved to US and shifted his career and interests to Political Economy and International Relations. In 2008, he had become a professional scholar in a US university to study International Political Economy and Security, also Chinese Politics, Economics, and History. This time when Dr. Z called me, Financial Crisis and President Obama were the two topics everyone in US was talking about. Therefore, I couldn’t help asking him a lot of questions about these two topics.

However, I still felt not enough and inconvenient to talk on phones. Several days later, I paid a visit to his home to continue our conversation. We had a very long and interesting discussion for hours about 2008 Financial Crisis, President Obama, US society and history, and China’s international relations. He presented to me some very impressive and interesting opinions, judgments, and analysis. It was a very educative conversation although I was not totally convinced.

Two and a half years later, I visited him again three weeks ago, to consult him about my blog. We picked up some old topics in our conversations in 2008 and had another very interesting and educative conversation. Partially due to his encouragement, I resumed my blogging. Here I would like to share some of the most important points we had touched on in our two conversations. To facilitate my narration here, I would put our conversations in the form of original records, even though I didn’t make any record and just reconstruct them by my memory now.

In 2008 when I visited Dr. Z, I first asked him about the ongoing financial crisis and President Obama. I asked:

“Do you think the financial crisis can finally drag US economy into a total collapse? Can Obama quickly turn around the US economy and fundamentally reform US society? Will the world economy fall together with US? Will the current globalization crash into a stop? Will foreign owners of US debts run into a panic sell-off? Will global scale trade wars and tariff wars break out? Will this world ultimately fall into another World War?”

Dr. Z. answered:

“If you worry about the collapse of US economy, you’d better worry about the collapse of world economy first. Since the collapse of Eastern European communist camp, US economy has undoubtedly been the single leader and the strongest engine of the world economy. Europe depends on US financial machines and investments too much. Emerging markets depends on US purchasing power too much. Although it looks as if China is rising fast and could replace US as the single leading engine of the world economy, the fact is that China is the one nation that depends on US economic power most in this world. If US economy falls, Europe will lose the financial support for its bubble prosperity and therefore lose its purchasing power too. Then the emerging markets will lose their foreign consumers and investors who are the pillars of their booming economies. That’s why even though every nation is not happy with US making such a big mess for the whole world no one really wants US economy to collapse. On one hand, they are worried about if US would print a lot of money to devaluate its debts; but on the other hand, they all wish US to use whatever means to save its financial system and economy so as to save the world. Thus, you see US dollars and national debts are strong during the financial crisis. This world is not ready for a fallen US economy. Even some adversaries of US, like China and Russia, are not ready for a fallen US economy.”

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Dollars Slay the Dragon II — the Broken Dream on Olympus

Related Old Post

I still remember one special afternoon in 1992. At that time, I was a high school student living on campus. Since most students in our high school didn’t live on campus and it was a weekend afternoon, the campus was pretty empty and quiet. Usually, that would be some good time I could enjoy in my high school life. That afternoon was special for me because I thought I had encountered one of the most bizarre events in my life.

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Dollars Slay the Dragon I — the Beginning of the End

First of all, I have to make an apology to all the readers who are willing to follow my blog here, for I have failed to publish any new post in more than three months. I had hoped to do better but failed for two reasons:

1, I have other large projects to take care of in my current tough life.

2, Developing this blog is a much harder and bigger task than my original expectation.     The emotional and financial burdens are much heavier than I originally estimated.

In the recent months, the world is changing apace, Arabic Spring fired up, Bin Laden killed, Mr. Ai Weiwei jailed and released, Red Songs movement sweeping over China, European debts crisis torturing the global financial markets endlessly, US unemployment rate stubbornly refusing to fall just like the inflation in China, Chinese foreign exchange reserve running higher every month, and the outlook of globalization becoming more blurred and uncertain than ever. If you focus on China, from the outside, you will see China’s economy is burning hot as the brightest spot of a gloomy and uncertain global economy, with the growth rate of GDP steadily floating above 9%. But inside China, you will see the toughest restrictions on free speeches since 1989, the relentless suppressions on the growing democracy, a CCP government growing more and more paranoid, hypocritical, arrogant, and disoriented, and a Chinese society boiling in a low-temperature civil war as more Chinese people are shouting out their anger and desperation with bloody knifes, smoking guns, burning fires, and home-made bombs every day. If you look at US, you will see the strongest leader and advocate in this round of globalization is totally lost on its way, failing almost every major effort to turn around its economy effectively from the great recession, with the ghost of Double-Dip recession wandering around the corner refusing to disappear.

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Do Iraqis Really Hate Americans?

A Chinese article about Iraq War

Before I could humbly express any of my own opinions on international order and relations, I have to translate and present another old Chinese article here. It was written some time in 2006. I found two web links to this article.

One is here on, which should be more official and authoritative, because is the website of Hong Kong Phoenix Satellite TV. HK Phoenix TV is widely viewed by most Chinese as CCP’s official TV station in Hong Kong. This article appeared on on April 6th, 2008, probably transferred from another resource. According to the article itself, it should have been published on Southern City Newspaper some time in 2006.

The other link is here where I found this article. It appeared this article was posted here on April 5th, 2011. The following is my translation:

Do Iraqis Really Hate Americans?

Do Iraqis all hate Americans? With this question in his mind, the special reporter for China’s “Southern City Newspaper”, Chen Si (陈思), went to Iraq to have his field trip investigation, only getting to know that the true thoughts of Iraqis are entirely opposite to what was depicted on most Chinese public media.

Why do Iraqis blast Americans in front of cameras or on TV?

An Iraqi’s answer to this question is that:

When Saddam was in charge, we were not allowed to have cell phones and internet, not mentioning watching foreign TV channels. Now we have everything. However, in front of cameras, we still had to say we hate Americans, because our names and images are all on the screen and terrorists could retaliate upon and kill us at any time. We all know in our mind that our blasting Americans would not be taken seriously by Americans.

In Iraq, the hottest product sold on the market is Satellite Receiver. Among the rampantly pirated DVDs, the most popular ones are American Hollywood movies. Chen Si found out that many Iraqi businessmen are busy in opening new factories or shops all over the nation. Even foreign business people including Chinese Fujian businessmen are actively entering Iraqi market. Chen Si couldn’t understand why these people are rushing to start up new business in the chaotic war. The Iraqi business people almost unanimously answered that most Iraqis are ready to welcome a new life. Most of those militiamen, making chaos here, were extreme fundamentalists from Afghanistan, Syria, Jordan, Egypt and some other nations, who were not supported by the majority of Iraqis and could not stay in Iraq for too long.

In this war, many Iraqis were killed. How did Iraqis view this fact?

A young graduate from Bagdad University, named Ali, said that:

Although there have been a lot of civilian casualties in Iraq since the war began, there were also a lot of Iraqis killed under Saddam’s orders every day when he was still in power. If the coalition forces mistakenly caused civilian casualties when fighting militiamen, there would be news reports on TV. But when Saddam was in power, did anyone know how many people died unaccountably?

Militiamen kept kidnapping foreigners and often beheaded them. How did this situation affect Iraqis?

An Iraqi named Haida, who married a Taiwan woman, told Chen Si that:

All these evil things were done by those foreign radical Muslims whose primary goal was to fight Americans. All other things were secondary to them. Their leader, Zarqawi, was a long time follower of ben Laden in Afghanistan. They did whatever they wanted to do in Iraq, actually hurting Iraqi people a lot. Iraqi people are kind, tolerate, and eager for peace. The day before yesterday, I took my Taiwan wife to a party, where several Iraqis came to her to present their apologies and ask for forgiveness, because they had thought she was a Korean. Now you can see it. Who are hurt most by these evil beheading violence? Besides the victims and their families, it was us, Iraqis, who suffered most from them!

Chen Si suddenly understood one of his own experiences: When he walked on streets alone, almost all Iraqis seeing him would ask him to go home quickly, telling him to avoid being captured by those “Ali Babas”, for they might think he was a Korean.

Haida continued:

If people believe those radical anti-American militiamen in Fallujah are just Iraqis, it will be very unfair to most Iraqis.

Haida demonstrated his own understanding of “American Strategy” to Chen Si:

Many anti-American extremists are scattered all over the world. Thus, Americans created two battle fields in Afghanistan and Iraq, opening their borders and allowing all people to come in freely. Therefore, anti-American forces and terrorists around the world were all attracted to Iraq so that Americans could eliminate them once for all. This strategy made American homeland safe and peaceful, but us poor Iraqis suffer a lot!

At last, Chen Si asked: Before, I thought all Iraqis hated Americans. But after having stayed here for one week, I found the majority of Iraqis approved of what Americans have done here. Why is it?

Haida said:

This is very natural. When Saddam was in power, all Iraqis were living under tough restraints. Although some Iraqis might not like Saddam, most of us were blinded by the propaganda of Saddam, not aware of the freedoms and rights we deserve. Later, the American troops came in to topple the Saddam regime. Through the liberated newspapers, computer networks, and satellite TVs, we now see the old cover upon our world destroyed. All the sudden, we realize how deeply we were fooled before! Especially our young people, they will be the first generation growing up in the free air. Their future is unlimited.

(the end)

In case that the resource links become invalid again, I post the original Chinese article here:


作者:忘了 2011-4-5 06:56:50 发表于:博客中国


为什么伊拉克人在电视镜头前大骂美国人?针对这一问题,一位伊拉克人回答说:萨达姆当政时,不准我们用手机,不准我们接触互联网,更不准我们收看外国频 道。现在我们甚么都有了。然而,面对采访镜头,还是不得不说,我们讨厌美国人,因为我们的名字和形象都在镜头上,恐怖份子随时可能报复和杀害我们。我们心 里清楚,骂美国人,美国人是不会计较的。

在伊拉克,市场上卖得最火的商品,就是卫星接收器(碟形天线外加解码器)。盗版猖獗,最受欢迎的, 是美国好莱坞大片。陈思发现,许多伊拉克商人,都在伊拉克各地忙于开厂开店,连包括中国福建人在内的外国商人,也都积极进入伊拉克市场。陈思不解:为什么 在战乱中还急于开张做生意?商人们的回答几乎一致:绝大多数伊拉克人都已经准备好迎接新生活了。那些制造混乱的武装分子大多数都是从阿富汗、叙利亚、约 旦、埃及等国家跑来的原教旨主义激进份子,他们得不到伊拉克人的支持,不可能坚持太久。

战争中,很多伊拉克人被打死,伊拉克人如何看待?一 位毕业于巴格达大学、名叫阿里的青年道:虽说开战以来,伊拉克平民被联军打死打伤的也不少,但是,萨达姆当政时,每天都有很多伊拉克人被萨达姆直接下令杀 死;联军围剿武装分子时,如果误伤平民,都在电视新闻中予以报导;然而,萨达姆当政时,多少人不明不白地就死了,又有谁知道呢?

武装分子不 断劫持外国人质,并动辄将他们斩首,对伊拉克人有何影响?一位娶了台湾妻子、名叫海达的伊拉克人对陈思说:这些坏事,都是那些外国激进穆斯林分子干的,他 们的首要目标就是反美,其他都是次要。为首的叫扎卡维,他长期在阿富汗活动,是本.拉登的追随者。他们在伊拉克为所欲为,实际危害了伊拉克人民。伊拉克人 民是善良、宽厚、渴望和平的。前天,我带着我的台湾妻子去出席一个宴会,马上有几个伊拉克人上前向她道歉,请求她的宽恕,因为他们以为她是韩国人。你看, 砍头暴行对谁的伤害最重?除了受害者和受害者的家人,就是我们伊拉克人了!陈思恍然道:我独自走在街上时,几乎所有见到我的伊拉克人,都叫我赶紧回去,说 别让那些「阿里巴巴」抓了去。他们可能都以为我是韩国人。

海达又说:如果以为激进反美的费卢杰人就是伊拉克人,那对大多数伊拉克人而言,是极不公平的。海达还向陈思分析了他个人理解的「美国战略」:许多反美激 进份子分散在世界各地,于是,美国人就开辟了阿富汗和伊拉克战场,并放开所有边境关卡,让所有的人自由出入,结果,全世界的反美武装、恐怖份子都被吸引到 伊拉克来了,美国人就可以将他们一举歼灭。这样,美国本土固然平安无事,只是可怜了我们伊拉克人!

陈思最后问:以前,我以为伊拉克人都憎恨 美国人,但我来了一个星期,发现多数伊拉克人都认同美国,这是为甚么?海达说:这是很自然的事。萨达姆当政时,伊拉克人都受到严格限制,虽然也有不喜欢萨 达姆的,然而,大多数人被萨达姆的宣传蒙蔽了,没有意识到自己应有的自由和权利。后来,美军来了,萨达姆政权被打垮了,借助开放的报纸、电脑网路和卫星电 视等,人们意识到过去所受的蒙蔽,恍然大悟,才知道自己过去被骗得那么苦!特别是年轻人,他们将是成长于自由空气中的第一代,他们前程无量。

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