Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24
At These Levels, Buying Silver Is Like Getting It At $5 In 2003 - 28th Oct 24
Nvidia Numero Uno Selling Shovels in the AI Gold Rush - 28th Oct 24
The Future of Online Casinos - 28th Oct 24
Panic in the Air As Stock Market Correction Delivers Deep Opps in AI Tech Stocks - 27th Oct 24
Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump! - 27th Oct 24
UK Budget 2024 - What to do Before 30th Oct - Pensions and ISA's - 27th Oct 24
7 Days of Crypto Opportunities Starts NOW - 27th Oct 24
The Power Law in Venture Capital: How Visionary Investors Like Yuri Milner Have Shaped the Future - 27th Oct 24
This Points To Significantly Higher Silver Prices - 27th Oct 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

US Secretary of State Just Showed China Matters More Than NATO

Politics / NATO Mar 28, 2017 - 12:14 PM GMT

By: John_Mauldin

Politics

BY GEORGE FRIEDMAN : US Secretary of State Rex Tillerson will attend a meeting between Chinese President Xi Jinping and US President Donald Trump April 6–7. Tillerson will skip an April 5–6 meeting of NATO foreign ministers.

This is the first time a US secretary of state will miss such a meeting since 2002.


It shows that Tillerson views the Trump-Xi meeting as more important than the NATO summit.

The Trump-Xi meeting comes amid serious tension between the two countries. This is compounded by issues we’ve written about before such as Trump’s position on China-US trade, security concerns in the South and East China seas, and Trump’s decision to speak directly with the president of Taiwan.

The China Meeting Is Major League

Figuring out when and where Trump and Xi would meet likely involved difficult negotiations. These meetings usually do, especially when they are tense and stakes are high.

The fact that Xi will go to the US—and especially that he reportedly will go to Trump’s Mar-a-Lago estate in Florida—is one of those minor symbolic victories for Trump. It also indicates that, having agreed to this visit, Xi will be much tougher on substance.

To put it in American terms, this is a major league meeting.

The NATO meeting, by comparison, is minor league. NATO constantly has meetings. There are few substantive outcomes.

NATO Has Been of Little Value to the US

NATO meetings used to be of vital importance during the Cold War. Now, those discussions rarely intersect the main issue.

The United States, wisely or not, has been fighting a war for 16 years in the Middle East. That war is now entering another phase in Syria with US forces being deployed there. As we’ve said before, NATO as an institution has been of little material support to the US.

Many nations provided some support in Afghanistan, but much was symbolic. It was insufficient to have any material effect on the war’s outcome.

It is understandable that some NATO members would choose to abstain from this 16-year war in the Middle East. NATO’s charter does not require “out of area” deployments.

But NATO is a military alliance. And the organization has been of little value to the US. See the defense expenditures of NATO members in relation to the US’.

NATO members should not be surprised that the US secretary of state finds a meeting with the Chinese president more significant than a meeting with NATO foreign ministers.

It Is Best for the US

Geopolitically, the rotation of interest away from NATO makes perfect sense. Russia is a pale shadow of the Soviet Union, reduced to hacking emails or spreading misleading tweets. There is little to fear in terms of war.

Perhaps NATO should be abolished. But for some reason, the Europeans want neither to abolish nor to keep their commitments to the alliance.

It is good that Tillerson will not be at this meeting. The American presence would likely make conversation uncomfortable. The Europeans will be there by themselves (with the Canadians, of course). Maybe in private, they can figure out what they think they are doing.

Watch George Friedman's Ground-breaking Documentary, Crisis & Chaos: Are We Moving Toward World War III?

Russian adventurism. An ailing EU. Devastation in the Middle East. These are just three symptoms of a systemic instability engulfing a region that’s home to 5 billion of the planet’s 7 billion people.

In this provocative documentary from Mauldin Economics and Geopolitical Futures, George Friedman uncovers the crises convulsing Europe, the Middle East, and Asia… and reveals the geopolitical chess moves that could trigger global conflict. Register to watch the documentary now.

John Mauldin Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in