Beijing, China – In a provocative and shocking move, the Chinese Communist Party threatened the United States with a currency attack as ‘retaliation’ for the U.S.’ weapons sales to Taiwan, further stoking tensions in the region and revealing hostile rhetoric not seen in years.
The threat was released in the form of an interview with PLA officials, published in a Communist magazine. Speaking with Outlook Weekly, a government-owned publication, Communist Luo Yuan explicitly laid out a possible plan of attack by the CCP against America.
“We should adopt a strategic package of counter-punches,” Yuan, an official at the Academy of Military Sciences said, going on to suggest an ‘economic’ attack, in the form of selling off U.S. government Treasuries.
The CCP has the world’s biggest pile of foreign currency reserves, much of it held in U.S. treasury debt. China held $798.9 billion in U.S. Treasuries at end-October.
By selling off government bonds, the U.S. dollar would be greatly devalued and be worth less, in effect constituting an economic attack on the currency. China has gained this advantage through the trade imbalance with the American nation, which has consistently run a trade deficit due to China’s cheap goods and depressed currency.
U.S. government officials were shocked at the blatant and undiplomatic nature of the threat of war, with some calling for a trade embargo with China. Others supported this move, pointing to the Communist leadership’s frequent and chilling brutality against Falun Gong members and Chinese Christians.
Tens of thousands of Chinese citizens have been tortured and killed by the Communist government for proclaiming their faith in values such as tolerance, compassion, and truthfulness.
“The U.S. can’t stand idly by and take this any longer,” one military official said. “We need to cut off all relations with China. They are murdering their own citizens, and now they are threatening an attack on America because it has fulfilled its obligations with its allies.”
The official was speaking about the recent arms sale to Taiwan, which was ostensibly the reason behind China’s threat. When the Chinese Communist sparked a revolution and rose to power, the nationalists fled to Taiwan and have lived there ever since. The CCP has claimed it as part of China, however, and has bullied other nations into shunning Taiwan.
One analysts shared his disgust with U.S. foreign policy regarding totalitarian nations. “Why did we ever get involved with China in the first place? They’re a brutal dictatorship that murders and maims their own citizens for speaking out. And we’re rewarding them by trading with them?”
The economic threat carried in the government publication also exploited the arms sale as justification for increasing China’s already sizable military budget. Military analysts have noted that China’s budget has increased ever year by double digits, in a way that is disproportionate with a planned attack on Taiwan. Some have wondered if the buildup is aimed at a larger enemy.
“They’re building a cyber army, satellite killers, they’ve got a million man army, and their Defense Minister recently said they were planning on destroying America,” one national security official warned. “At some point, the U.S. government has to wake up and start taking these thugs seriously.”