Ben Shapiro
👤 SpeakerAppearances Over Time
Podcast Appearances
That is not the case now.
Venezuela was a geopolitical ally of the Chinese.
Now Venezuela is under the American thumb.
The same thing, as we'll discuss in a little bit, is happening in Iran.
Much of what is directed against Iran is actually directed against China.
China receives 10 to 15 percent of their entire oil importation from Iran.
And now it turns out that Iran is actually harming China by shutting off the Strait of Hormuz.
When it comes to the Strait of Hormuz, yes, it's not having an amazing impact on the American economy, but it is hurting China much worse than it is hurting us.
China receives 54% of their entire oil imports from the Middle Eastern region.
And Iran right now isn't just cutting off its own oil to China because of the embargo that we have on their oil exports.
It is also literally attacking Chinese shipping in the Strait of Hormuz.
It is preventing those ships from moving from Qatar, from Iraq, from UAE, from Saudi.
So us isolating Iran is, in fact, cutting off a source of power and revenue for China.
Us helping Ukraine to defeat Russia in Ukraine is a way of cutting off a support base for China, because, of course, Russia is basically a giant gas station for China at this point.
What else can we do?
Well, we can obviously strengthen our own economy.
One of the big problems that we have is massive dependency here in the United States on China buying our debt.
China owns trillions of dollars in American debt at this point.
They buy American bonds.
And then the tacit threat in doing so is that at a certain strategic point, they could flood the market with those American bonds.