Chinese Premier: Yuan Rise Would Mean Bankruptcies

[touchring]

Re: Chinese Premier: Yuan Rise Would Mean Bankruptcies

You're kidding right?
China's final goal....is to control the solar system and they are evil?

This is not about who is more evil. If the US weakens, definitely another power will rise in place to be in charge.

A China new world order, we've already had a taste of it when the yellow shirts triumph over the red shirts. Is this evil? Some may say this is how governments should work, the common people are foolish, so they should be ruled by the elites and more educated people.

Actually I think there wouldn't be much changes in Asia in the short term, but the Middle East may see significant changes as US influence declines.

[touchring]

Re: Chinese Premier: Yuan Rise Would Mean Bankruptcies

What about Russia? As I recall, much of Russian Siberia used to be Chinese.....

The enemy of my enemy is a friend. Besides, China needs Russian resources while the Russians need Chinese consumers.

[jpatter666]

Re: Chinese Premier: Yuan Rise Would Mean Bankruptcies

The enemy of my enemy is a friend. Besides, China needs Russian resources while the Russians need Chinese consumers.

good point. Also, China is doing a stealthy slow population assimilation of Siberia anyways.....

[Munger]

Re: Chinese Premier: Yuan Rise Would Mean Bankruptcies

I understand the US Federal Reserve Bank is also a rather large ner purchaser of US Treasuries. Using your criteria, does that not also make them a currency manipulator too?

It's just a little different, since the U.S. cannot have a trade surplus/deficit with itself.

[GRG55]

Re: Chinese Premier: Yuan Rise Would Mean Bankruptcies

It's just a little different, since the U.S. cannot have a trade surplus/deficit with itself.

Neither can China...

[Starving Steve]

Re: Chinese Premier: Yuan Rise Would Mean Bankruptcies

This is not about who is more evil. If the US weakens, definitely another power will rise in place to be in charge.

A China new world order, we've already had a taste of it when the yellow shirts triumph over the red shirts. Is this evil? Some may say this is how governments should work, the common people are foolish, so they should be ruled by the elites and more educated people.

Actually I think there wouldn't be much changes in Asia in the short term, but the Middle East may see significant changes as US influence declines.

"Every dog gets its day," and this is China's day. The sun is rising upon China, and it is setting upon America. In the 19th C, Britain ruled the world. The 20th C. was the American century. Now it's China's century.

We should be damn thankful that China is peaceful, democratic, transparent, wealthy, and wise. We should be embracing China and trading with China and welcoming China into the world community of developed nations.

Sad to say, there are some in America who would rather return to the past, but the past is dead. The world moves forward, not backward. And China is now the leader.

Even if America could move backward into the 20th C, could it really afford to do so? Where would the money for new Cold Wars and arms races come from? Last time I checked, America was bankrupt, and its future was encumbered with debt.

[Munger]

Re: Chinese Premier: Yuan Rise Would Mean Bankruptcies

With the U.S. or China?

It seems like China does have a large trade surplus with the U.S., in no small part due to the relative cheapness of the Yuan, a result of the purchase of treasuries ...

[Minion]

Re: Chinese Premier: Yuan Rise Would Mean Bankruptcies

I understand the US Federal Reserve Bank is also a rather large ner purchaser of US Treasuries. Using your criteria, does that not also make them a currency manipulator too?

Of course it does. At least China is running a trade surplus and exchanging products for the bonds. When the world pays for oil with dollars, the FED has the unusual privilege of issuing the currency that is universally in demand. Who wouldn't run the press, cheating trade partners and constituents alike, stealing the wealth that others produce?

"Give me the power to issue the currency and I care not who makes the laws" - some central banker of old who knew all about universal counterfeiting, it seems.

[Minion]

Re: Chinese Premier: Yuan Rise Would Mean Bankruptcies

"Every dog gets its day," and this is China's day. The sun is rising upon China, and it is setting upon America. In the 19th C, Britain ruled the world. The 20th C. was the American century. Now it's China's century.

We should be damn thankful that China is peaceful, democratic, transparent, wealthy, and wise. We should be embracing China and trading with China and welcoming China into the world community of developed nations.

Sad to say, there are some in America who would rather return to the past, but the past is dead. The world moves forward, not backward. And China is now the leader.

Even if America could move backward into the 20th C, could it really afford to do so? Where would the money for new Cold Wars and arms races come from? Last time I checked, America was bankrupt, and its future was encumbered with debt.

I'm not sure what it is about you but I always get the impression, when reading your posts, that your whole purpose in life is to put a stick between the spokes of any fool riding a bike through your neighborhood.

[touchring]

Re: Chinese Premier: Yuan Rise Would Mean Bankruptcies

"Every dog gets its day," and this is China's day. The sun is rising upon China, and it is setting upon America. In the 19th C, Britain ruled the world. The 20th C. was the American century. Now it's China's century.

We should be damn thankful that China is peaceful, democratic, transparent, wealthy, and wise. We should be embracing China and trading with China and welcoming China into the world community of developed nations.

Other than losing military dominance, economy wise, America wouldn't fare too badly from the rise of China since China is a trading partner regardless of the trade deficit.

But states that depend on American protection, particularly those in the Middle East, would be in peril in time to come. China wouldn't care about democracy or religion, China is only interested in business, importing oil, selling goods, making money.

[Jay]

Re: Chinese Premier: Yuan Rise Would Mean Bankruptcies

Other than losing military dominance, economy wise, America wouldn't fare too badly from the rise of China since China is a trading partner regardless of the trade deficit.

But states that depend on American protection, particularly those in the Middle East, would be in peril in time to come. China wouldn't care about democracy or religion, China is only interested in business, importing oil, selling goods, making money.

America could be China's new Great Britain; as long as the cultural divide is broached and political stability in China is assured, which are not small measures. With the demographic pressures China faces it might implode first. There are a TON of peasants coming from the poor countryside looking for jobs and that onslaught isn't abating. That is a VERY good reason to bet on continued growth/inflationary policies from the leadership in China. No job growth means millions of poor hungry peasants outside the cities. Some may have a pitchfork or two.

[touchring]

Re: Chinese Premier: Yuan Rise Would Mean Bankruptcies

America could be China's new Great Britain; as long as the cultural divide is broached and political stability in China is assured, which are not small measures. With the demographic pressures China faces it might implode first. There are a TON of peasants coming from the poor countryside looking for jobs and that onslaught isn't abating. That is a VERY good reason to bet on continued growth/inflationary policies from the leadership in China. No job growth means millions of poor hungry peasants outside the cities. Some may have a pitchfork or two.

This is what Americans and Europeans think. I took a neutral stance on that until the Uighur rebellion last year, after that, I realized that it is impossible for peasants to rise against the CCP. Firearms are mostly forbidden in China. Pitchforks cannot fight machine guns. Even during the severe famines of 1960s where tens of millions died of starvation due to failed policies, there was no rebellion. Present day, we can look at North Korea, which shares a similar political system with China in certain ways. People in North Korea are living in the middle ages, no public transport, not even bicycles (which cost a couple years wages to buy one) - everyone walks, no healthcare - people die of diseases that already had cures a century ago, no right to property - not even cash, which was practically abolished last year, anyone can be dispatched at the whims of leader Kim, but still no rebellion.

A French styled revolution will not happen in China at least for the next 50 years. The Chinese are indoctrinated to believe that the CCP is the greatest and disobedience is anti-social. Note that this belief surpasses even religious beliefs. During the cultural revolution, everyone from parents to gods are condemned in praise of Mao and the party.

You must also differentiate CCP from Chinese people. Three quarters of the Chinese people may suffer from inflation, low wages and what nots, but CCP (China Inc.) might still be the most powerful global entity.

At first look, China maybe like 19th century Great Britain, that's true on the mercantilism aspect, but the political system is totally different. Britain is greatly influenced by religion, yes, the Brits are not religious crusade fanatics like the Spanish and the Portuguese were previously, but religion still plays a part, and the fundamental principle of Christianity is all men are equal before god.

Note, I'm not talking about evil versus good, otherwise the Americans will be the evil one for attacking Iraq. What I'm more concerned is what the new world order will bring. I don't think it is all going to be a bed of roses.

[jpatter666]

Re: Chinese Premier: Yuan Rise Would Mean Bankruptcies

This is what Americans and Europeans think. I took a neutral stance on that until the Uighur rebellion last year, after that, I realized that it is impossible for peasants to rise against the CCP. Firearms are mostly forbidden in China. Pitchforks cannot fight machine guns. Even during the severe famines of 1960s where tens of millions died of starvation due to failed policies, there was no rebellion. Present day, we can look at North Korea, which shares a similar political system with China in certain ways. People in North Korea are living in the middle ages, no public transport, not even bicycles (which cost a couple years wages to buy one) - everyone walks, no healthcare - people die of diseases that already had cures a century ago, no right to property - not even cash, which was practically abolished last year, anyone can be dispatched at the whims of leader Kim, but still no rebellion.

A French styled revolution will not happen in China at least for the next 50 years. The Chinese are indoctrinated to believe that the CCP is the greatest and disobedience is anti-social. Note that this belief surpasses even religious beliefs. During the cultural revolution, everyone from parents to gods are condemned in praise of Mao and the party.

You must also differentiate CCP from Chinese people. Three quarters of the Chinese people may suffer from inflation, low wages and what nots, but CCP (China Inc.) might still be the most powerful global entity.

At first look, China maybe like 19th century Great Britain, that's true on the mercantilism aspect, but the political system is totally different. Britain is greatly influenced by religion, yes, the Brits are not religious crusade fanatics like the Spanish and the Portuguese were previously, but religion still plays a part, and the fundamental principle of Christianity is all men are equal before god.

Note, I'm not talking about evil versus good, otherwise the Americans will be the evil one for attacking Iraq. What I'm more concerned is what the new world order will bring. I don't think it is all going to be a bed of roses.

I view China in the context of the US circa 1870-1914. An aggressive merchant power, with enough military to make it a player on the world stage, with a declining world power (Britain) maintaining a Pax Britannica which allowed it to grow except for the occasional minor military flareup (US-Spain).

Look at the US in those years. Expansionist, every thing bought with money, not exactly interested in spreading democracy, the height of the robber barons. This is China now.

[Starving Steve]

Re: Chinese Premier: Yuan Rise Would Mean Bankruptcies

Other than losing military dominance, economy wise, America wouldn't fare too badly from the rise of China since China is a trading partner regardless of the trade deficit.

But states that depend on American protection, particularly those in the Middle East, would be in peril in time to come. China wouldn't care about democracy or religion, China is only interested in business, importing oil, selling goods, making money.

I admire China precisely because, and to use your own words: "China is only interested in business, importing oil, selling goods, making money."

I admire pragmatism. China wants to prosper and raise the standard of living of its people. And that is precisely what China should be interested in.

This goes right back to why I admire Joseph Stalin, Bomber Harris, General Patton, Gen. Douglas MacArthur, even Mao Tse Tung. They did their job well--- and beyond expectation. They did the impossible and made it happen brilliantly.

And the bonus with China is that China is copying the democracy and transparency of the West, especially to raise the standard of living of its people. Excellent!

As for nations like Israel who depend upon American military might, their best course would be to jail their religious zealots and then to proceed to make a peace with their enemies. This can be done, and THIS WILL BE DONE. The peace that now exists between Israel and Jordan, also the peace that now exists between Israel and Egypt proves that this can be done.

Labour camps or mental hospitals would be the best place for religious zealots, but that would be a subject for another discussion.

[touchring]

Re: Chinese Premier: Yuan Rise Would Mean Bankruptcies

As for nations like Israel who depend upon American military might, their best course would be to jail their religious zealots and then to proceed to make a peace with their enemies. This can be done, and THIS WILL BE DONE. The peace that now exists between Israel and Jordan, also the peace that now exists between Israel and Egypt proves that this can be done.

China's rise has varied impact on different countries.

Africa is the major beneficiary of China's growth. China boosts commodity prices, build roads and infrastructure (supply both capital and labor) and sells affordable goods (cellphones, motorbikes, cellular networks, etc) that even the poor in Africa can afford, transforming their lives in ways that Western aid can never attain.




At the other end of the spectrum, we have got countries like North Korea, where millions die of starvation whenever a famine strikes every couple of years, and this is only possible by courtesy of the support Kim gets from China.