Jeff Snyder

Because let's face it, Venezuela is not going to pay them back.

And China knew that when they extended the loans.

That's what China does.

It extends loans to these countries that they know that they can't pay back, intending to either take the oil as the collateral or some other form of collateral, usually it's facilities like a railroad or a dam or some kind of mine.

So what Trump said is, OK, I see your Belt and Road Initiative, and I'm going to take the initiative and take the collateral right off the board, which makes that loan and your entire effort in Venezuela worthless.

Again, it's a piece on the chessboard that it's a pretty damn big one.

I think he realizes that this is Cold War II.

Let's be honest about this.

China is not a strategic rival or whatever they call it.

No, this is Cold War II, and it has been.

Why did they leak that story from, what was it, New York a couple of months back where they had all of those SIM cards in a room that could just basically fry the communication grid in New York?

Why did they leak that?

To say that, look, we are kind of at war.

Why have the Chinese been buying farmland next to air bases?

Yeah.

To do what the Ukrainians did in a first strike to launch a drone attack to take out the U.S.

air power.

So what I'm saying is that the Trump administration at least realizes, even though they don't want to say it explicitly...

This is Cold War II, and so we need to think Cold War II.

Where is the Dunrogh Doctrine coming from?