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
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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.
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声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
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