Dalio: The US technology export restrictions to China are very similar to the oil embargo against Japan before the Pearl Harbor incident
大和797
发表于 2023-11-5 17:34:45
1279
0
0
Hedge fund billionaire Ray Dalio stated that the Western attempt to prevent China from acquiring microchips is "very, very similar" to the policy adopted by the United States towards Japan in the 1940s, which is widely believed to be the culprit leading to the escalation of World War II.
Dalio told the Money Maze podcast that efforts to prevent China from importing the high-tech machines needed to produce semiconductors are similar to the oil export embargo imposed by the United States on Japan in the 1940s. Export controls targeting China have already affected companies such as Nvidia (NVDA) and ASML Holding (ASML). In 1975, Dalio founded the billions of dollars investment fund Bridgewater in his Manhattan apartment.
It is widely believed that the first oil embargo imposed by the United States on Japan on August 1, 1941, exacerbated the tension between the two countries, laying the groundwork for the Japanese Empire's surprise attack on Pearl Harbor in December of that year.
Hedge fund billionaire Ray Dalio stated that the Western attempt to prevent China from acquiring microchips is "very, very similar" to the policy adopted by the United States towards Japan in the 1940s, which is widely believed to be the culprit leading to the escalation of World War II.
Dalio told the Money Maze podcast that efforts to prevent China from importing the high-tech machines needed to produce semiconductors are similar to the oil export embargo imposed by the United States on Japan in the 1940s. Export controls targeting China have already affected companies such as Nvidia (NVDA) and ASML Holding (ASML). In 1975, Dalio founded the billions of dollars investment fund Bridgewater in his Manhattan apartment.
It is widely believed that the first oil embargo imposed by the United States on Japan on August 1, 1941, exacerbated the tension between the two countries, laying the groundwork for the Japanese Empire's surprise attack on Pearl Harbor in December of that year.
Dalio believes that due to the increasing threat posed by this rising power to the world's dominant order, the United States and Western powers are now attempting to curb China's growth in a similar way to the way the United States curbed Japan back then. Dalio believes that the reason why Western countries are trying to restrict China's access to semiconductor technology is to compete for global hegemony on a larger scale. He said, "The winner of a technology war will be the winner of this global world order war
The hedge fund billionaire believes that both sides are now preparing for war, mentioning internal disputes in China and similar internal political conflicts in the United States. When expressing his views, Dalio also mentioned that after dismissing Foreign Minister Qin Gang in July, China decided to dismiss Defense Minister Li Shangfu in October.
Dalio hinted that the internal political struggles between China and the United States are all aimed at ensuring that government personnel are in step to prepare for the outbreak of war.
Dalio said, "During times of war, the risk of internal conflict is high. Therefore, everyone must remain consistent, which is almost dictatorship. Even in the United States during World War II, anti war is not allowed
However, the investor stated that due to the close interweaving of the economies of China and the United States, both countries are currently concerned about the outbreak of war. Pull one hair and move the whole body, "said Dalio. 22% of American manufactured goods are imported from China
Dalio pointed out that his first visit to China was in 1984, when Deng Xiaoping was promoting comprehensive economic reform in China, and China was moving from Maoism to a "more capitalist" era.
He explained that Deng Xiaoping believed that "regardless of black or white cats, those who can catch mice are good cats.
According to the New York Times, Dalio has established connections with senior Chinese politicians, including close ties with former Chinese Vice President Wang Qishan.
In the interview, Dalio repeatedly described the Chinese leadership as "very capable". His remarks have labeled him as a 'Chinese supporter'. The report states that although Qiaoshui itself used offshore financial instruments to short Chinese assets in a way that the Chinese government cannot track.
Logomoney.com is an information publishing platform that only provides information storage space services.
Disclaimer: The views expressed in this article are those of the author only, this article does not represent the position of CandyLake.com, and does not constitute advice, please treat with caution.
Disclaimer: The views expressed in this article are those of the author only, this article does not represent the position of CandyLake.com, and does not constitute advice, please treat with caution.
You may like
- Wall Street begins to retreat from emerging market currencies: US stagflation will have a negative impact
- US investment bank KBW has raised Berkshire Hathaway's target price from $645000 to $660000
- Pfizer ADC drug TIVDAK has been fully approved by the US FDA for the treatment of recurrent or metastatic cervical cancer
- Tesla under investigation by the US Department of Justice again?
- The geomagnetic storm is flashing on the global screen and the United States has issued the highest level warning! Musk, speak up!
- Apple's New Jersey store employees vote against forming a union
- Big news! Tesla Shanghai, got the license! The first one outside of the United States
- Is Microsoft's Chinese AI team packaged for the United States? Microsoft's response does not affect operations in China
- Tesla US Model 3 High Performance Edition Price Raised to $54990
- Tesla US Model 3 Performance increases price by $1000
-
Industry insiders claim that Intel has increased orders for advanced packaging equipment and materials. According to industry sources, Intel has increased orders with multiple equipment and material ...
- 蓝色的咖啡杯
- 3 Dayago
- Up
- Down
- Reply
- Favorite
-
E-commerce platforms resumed growth in the first quarter, and after Alibaba, JD.com delivered a surprising financial report. On May 16th, JD.com released its financial report for the first quarter of ...
- yanyiqing
- 3 Dayago
- Up
- Down
- Reply
- Favorite
-
The EU is taking action against Microsoft on a request for generative artificial intelligence.
- chunxiaoyufei
- 3 Dayago
- Up
- Down
- Reply
- Favorite
-
Apple's 27% App Store fee plan was questioned by a US judge. The company attempted to prove that charging developers a 27% non App Store purchase fee was reasonable, but the result was counterproduct ...
- jearry
- day before yesterday 12:30
- Up
- Down
- Reply
- Favorite