Allen Greenspan and a Yellow Submarine walk into this bar …..

A yellow submarine was found at the 2000 foot level on top of the Ben Lomond section of the San Andreas Fault in the Santa Cruz Mountains just west of me. No one knew what the submarine was seeking at that altitude:-T

Six thousand miles due east is another submarine (or two or three) of great interest to those of us who live on the faultline. While the Bushies have been concentrating on North Korea’s fledgling nuclear industry, the Peoples Republic of China has been building up it’s missile sub capability. Not yet in numbers to call a fleet, the 092 mounts 12 tubes and the one newer 094 (2 by 2010) mount 16 tubes. All can send a 250 kiloton or a MIRVed bus of 4 90 kiloton warheads 5000 miles. That gets my attention.

So why aren’t we in a lather about the PRC whacking us from undetectable boomers?. One reason is that MAD is a game we have played with the best of them and won. Another is that we are busily making it a piss poor investment for the PRC to nuke us until we glow: All those loans they have made to finance the Bush Edition of voodoo economics go up in smoke as soon as they twist the keys. A third reason surfaced yesterday.

A correction in the stocks traded on the Chinese markets due to what their government complained of as rampant speculation sent the Shanghai Composite on a ride that looked like the Atlantic side of Sleeve League. This triggered sell off on NASDAQ and NYSE. that wiped out this year’s rally. Granted, they had some help in Allen Geenspan, that fount (at least when working for us) of Delphic obscurity unable to utter a phrase in plain English, and who now, having to fend for himself, has managed to baldly put “Recession” and “this year” in the same sentence. (This he tells to a business conference in Hong Kong on the 26th, no less. Naughty, naughty boy.)

Plainly put, Sluggiepoos, through the miracles wrought by globalization, the Reds can nuke us with our own economy. Now that is weirder than anything you will see in the Bay to Breakers or in the Castro at Halloween.

  • pleasemancanwebanulster

    took me a while to figure out the title but i got there in the end. nice one 🙂

  • Surely that’s a kind of economic MAD? There is a self-sustenance in economic terms as well as ideological. Right? Hope so. So why are they building first strike weapons then? Possibly something to do with Taiwan?

    Let me know if you see any coming down the Foyle estuary.

  • Surely that’s a kind of economic MAD?

    Advice from the generation brought up on We Will Bury You:
    Never play cards with a man called Doc.
    Never sleep with a woman who has more problems than you
    And never second guess an ideologue.

    Possibly something to do with Taiwan?

    It’s part of it.

    Taiwan seems to be their only present focus. They need this missile shield to operate under.

    They have ample land-based capability to reduce the island to rubble, hence their odd asymmetry of force-projection hardware in contrast to the Indians.

  • Sean

    They do not wish to reduce the island to rubble. they want to add it to their economic engine and thanks to economic brinksmanship due to bush’s mishandling of the american economy they will quietly slide it across the table on a silver platter

  • Comrade Stalin

    Advice from the generation brought up on We Will Bury You:

    Heh, if Khrushchev had tried that one out on me I’d have sent him off for coffee and a whipping session with Beria.

    Nice to see you aboard, Smilin’ Jim. I always enjoy your contributions, and of course your delightful little casino on the Las Vegas strip.

  • wild turkey

    Yo smilin J

    nice one.

    I think it was Gore Vidal who years ago predicted that Europe will be Chinas boutique and america will be its,uh, cattle farm.

    a great step forward for one big global community

  • DK

    If Greenspan is talking up a recession (or is he just enjoying making Bernanke sweat) then the EU had better be on alert. The EU is predicted to underperform the US economy for the next 3 years – nothing new there, but if America slips into recession, Europe’s fragile recovery will be shattered. Ireland will probably be OK and UK as well, but then poor Germans are going to get another kicking – unlike the VAT hike, this time not self-inflicted.

    As for Chine – this is not the first time they had a great leap forward. Remember the drive to increase industry – that led to mass-deforestation and everything metal being melted down. It was essentially driven on the backs of the peasants and collapsed in farce. This time it’s so much different, but only because we in the West are funding it – not that the peasants in the sweatshops are any better off, or that the whole thing might not collapse again – or are we already seeing that.

    Those subs might yet be needed.

  • Subs aren’t first-strike weapons: they are pretty much the definition of second-strike. Even if you have good enough missiles on them to use them in a counterforce first-strike, would you risk the deterrent that you *know* will still be available, no matter what the other side do or how well your attempted disarming strike does?

    And Chinese SLBMs are almost certainly not good enough for counterforce.

    Ah, nuclear strategy, my first love, as Dr Benway might have put it.

  • Well, my sole source for nuclear sub strategy being repeated viewings of The Hunt for Red October, I stand corrected.

    🙂