There are quite a few ongoing conflicts, but we always seem to be looking for yet another disastrous war.
As every war is an economic business and China happens to be the biggest creditor of the USA, waging war against China might seem like a good opportunity to get rid of trillons of dollars of American debt. China is using quite a few US dollars to expand its influence across several continents. This is not just about Made in China. This is also about Made for China by China in Africa, Latin America and elsewhere.
During Trump Presidency, the emphasis was on NATO countries investing more in Defence by beefing up their contributions to NATO. Now, Biden seems to be saying 'forget about NATO, let's do something new'. AUKUS (Australia, UK, US) seems to be a more appropriate of spending US dollars and in the process boot US manufacturing (at least manufacturing of nuclear submarines in the USA. Apparently, all US military submarines are already nuclear so making a few more for Australia would not be so difficult.
The call made by Ursula von der Leyen as President of the European Commission for the EU to take a more robust approach when it comes to its own defenses seems to be part of the new realities. NATO is on the way out - ready to join the Warsaw Pakt), AUKUS is in, and the focus goes from Europe to Asia, where Japan is beginning for a stronger Western response to militarization of the Sea of China.
Ukraine will have to look for a very comfortable armchair to wait for the delivery of Western aid. Forget Middle East, forget Asia Minor, forget Europe. Some strategists in some dark hidden room might be already looking for an excuse to attack China - just in case China does not try to recover Taiwan because Taiwan is China.
The question is: why would China want to fight a war at sea when it has all the advantages of a conflict on the continent and a massive army?
As the big boys focus their attention elsewhere - oh surprise - Argentina has gone for more fighter jets having invested more than 400 million dollars to renew its airforce. Why would Argentina needs a stronger airforce?
As the British are scaling down their military and as the attention goes elsewhere, are they planning to go for a vacation on the South Atlatic islands? During days that the Argentinian President and his vice-President that used to be the Argentinian President (Cristina Fernández de Kirchner) don't seem to be seeing eye to eye, I am sure that refloating the old plans about the Falkland Islands would be a good idea for politics sake.
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