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China's President Lays Groundwork for Obama Talks

Chinese President Hu will sign several deals while in America. He will sign a deal with GE to acquire jet engines for civilian aircraft. These engines will be reverse engineered because China is not able to develop a high quality jet engine of its own. These engines will be crucial to developing an indigenous Chinese aircraft industry. This is bad news for Boeing.


On Friday, GE plans a formal signing to confirm the joint venture with Avic of China to supply avionics for the new Chinese C919 airliner, a contract worth up to $2bn. FT.com / Companies / Basic Resources - GE to sign slew of China deals
 
Chinese President Hu will sign several deals while in America. He will sign a deal with GE to acquire jet engines for civilian aircraft. These engines will be reverse engineered because China is not able to develop a high quality jet engine of its own. These engines will be crucial to developing an indigenous Chinese aircraft industry. This is bad news for Boeing.

Say what? China is not able to create high quality jet engines of it's own? If that's true, and I highly doubt it, it won't be more than a year or two before China exactly duplicates GE's engines and puts them in everything - then sells them to anyone and everyone in the world for $19.95, using the Sham Wow guy on TV to hawk them around the world. This is bad news for everyone except the Chinese.
 
People need to review their history. China as the global economic power is not a new idea. After the fall of the Roman Empire, in what we refer to as the Dark Ages in Europe, China was the global economic leader. And as Europe slowly recovered, China was the center all went to do trade in spices, precious metals, and more. Once the New World was discovered, Europeans flooded the Chinese economy with an abundance of silver (Chinese currency during the period) and gold, thus devaluing the currency and killing the economy. Thus, Europe eventually led to the demise of Chinese domination. Now, China is doing the same as us, flooding our market with goods and driving down our wages, which will ultimately lead to the US fall from economic domination and the ressurection of China.
 
Chinese President Hu Jintao says the U.S. and China must respect each other's sovereignty, territorial integrity and development interests.

Hu's opening comments at a joint news conference with President Barack Obama at the White House focused on areas of cooperation between the two world powers, their common interests and mutual economic and security benefits to be gained.

But Hu's emphasis on China's sovereignty was an indication that there are areas where China will be unwilling to bend to U.S. interests.

Hu: US, China must respect sovereignty - Yahoo! News

and what will our rodney dangerfield's reaction be this time?

utter impotence
 
What would you suggest, going to war with China?

America's problem isn't China. The problem is that the character of the American people has changed. Because of these changes there is no really effective action the US can take. But if the American people were up to it this is what I would do.

Play China's game. Know your enemy. Know their fears. China's leadership has much to fear. Use their fear as leverage.
 
America's problem isn't China. The problem is that the character of the American people has changed. Because of these changes there is no really effective action the US can take. But if the American people were up to it this is what I would do.

Play China's game. Know your enemy. Know their fears. China's leadership has much to fear. Use their fear as leverage.
In general I'd agree - but America is not up to the task of playing China's game and winning. If we play their game with the people we have today - we'll leave the table the big loser with no clothes and married to North Korea. But then again, to play a game, you need at least 2 - and China is a part of it. America is best served by taking our game, and going home.
 
In general I'd agree - but America is not up to the task of playing China's game and winning. If we play their game with the people we have today - we'll leave the table the big loser with no clothes and married to North Korea. But then again, to play a game, you need at least 2 - and China is a part of it. America is best served by taking our game, and going home.

There was a time when I would have resisted the thought of taking our game and going home. But look at the American people...the country has no choice but to come home. Americans of this era aren't up to the task. They are a weaker and duller breed.
 
Obama's throwing a lavish dinner tonight for his Chinese guests.

They must thinking, "Is this what they do with the money we give them?"

Of course, dinner's on Hu tonight because our credit card is maxed.
 
Obama's throwing a lavish dinner tonight for his Chinese guests.

They must thinking, "Is this what they do with the money we give them?"

Of course, dinner's on Hu tonight because our credit card is maxed.

Hu's Your Daddy is serving Obama a heaping helping of humble pie.

Edit: Has anyone seen Obama's dog Bo? I wonder if Bo is on the menu?
 
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I don't see it as 'China' devaluing the dollar... this is more likely a RESULT of dollar devaluation caused by the injection of at least 28 TRILLION in promises because of TARP. Now, the Federal reserve has been buying it's own bonds, it calls this 'quantitative easing' and version 2... with rumors of QE3...

The Chinese are NOT stupid, they see what the Americans are trying to do to get out of their bind...





I think you are underestimating the position China is ALREADY in... and in terms of war power... the US army can hardly handle the Iraqi and Afghan resistance, nevermind if the Chinese became aggressive.



Meanwhile... at least in relative terms, the US is dying.


Did he seriously just use the not-a-missile as evidence of China's power?
 
The Chinese papers are emphasizing this as a meeting of equals. The Party is using this staged nonsense to confer legitimacy on the Chinese political system. Even America recognizes the power of China under the guidance of the Chinese Communist Party. What have Hu and Obama accomplished? What great treaties have they signed? Big effen deal. Screw both the Party and our Fearless Leader.
 
The Chinese papers are emphasizing this as a meeting of equals. The Party is using this staged nonsense to confer legitimacy on the Chinese political system. Even America recognizes the power of China under the guidance of the Chinese Communist Party. What have Hu and Obama accomplished? What great treaties have they signed? Big effen deal. Screw both the Party and our Fearless Leader.

Welcome to the Nixon years...
 
Did he seriously just use the not-a-missile as evidence of China's power?

Of course it's 'not a missile'... there's only about 10-15 MSM articles saying that 'a mystery missile launched off the coast'... yes, of course afterwards comes the justification "oh, it's probably just a planes contrail that shot out of the ocean... or maybe a helicopter".

That said, there's two prevailing thoughts :
a) It was China flexing it's muscle, or
b) it was the US trying to intimidate China...

That said, if you have any evidence to show where I'm mistaken I'd be happy to hear.

But, back to the topic at hand :

First, a commercial that was refused airtime by ALL major networks :


And finally, a sign of things to come ??
redflag.jpg


(At least the flags are at the same height, for those that know anything of flag codes)
 
Here is what I think you guys are missing. China's whole economy is so manipulated and their currency suppressed that most manufacturers there, at least those state-owned, are only making a 7% profit. Now, the reason that Hu is only going to allow the yuan to increase in value slowly, is because to do otherwise would quickly wipe-out these profits and cause massive lay-offs in the country. The yuan is estimated to be undervalued at 20%, thus only by moving slowly can China allow their manufacturers to raise the cost of their products as the yuan rises. If they raised it all at once, then the mass job loss would undermine the governments legitimacy which is a very big deal in China. The government must prove that it is legitimate by providing jobs and a stable economy. Now, US manufcturers there will certainly be upset that the yuan will be on the rise and will also start moving out as wages and the cost of business in the country rises. That is why Hu is resisting, their feeble system, while appearing very strong and on the rise from the outside, would take very little to completely collapse.
 
This is just another reason why all of us should refuse to buy crap that is made in China and tell our retailers that we want them to stock American made products.


It starts with us.

Buy American because it puts people back to work and brings manufacturing jobs back to the USA.

Unfortunately manufacturing jobs probably aren't going to come back to the US since the US seems to have become a service economy with a lot of it in finance.
 
Unfortunately manufacturing jobs probably aren't going to come back to the US since the US seems to have become a service economy with a lot of it in finance.

Do you think not? I forsee a time in the future when every nation that can maintain a consumer base will have one, and that each nation will manufacture the majority of the products it consumes itself. This will be due to the eventual increase in the cost of transporting goods that will occur as we begin to run short on oil. Thus, at some point the cost of exporting/importing will be too great and cause each nation to become self-sustaining in the realm of manufacturing.
 
Here is what I think you guys are missing. China's whole economy is so manipulated and their currency suppressed that most manufacturers there, at least those state-owned, are only making a 7% profit. Now, the reason that Hu is only going to allow the yuan to increase in value slowly, is because to do otherwise would quickly wipe-out these profits and cause massive lay-offs in the country. The yuan is estimated to be undervalued at 20%, thus only by moving slowly can China allow their manufacturers to raise the cost of their products as the yuan rises. If they raised it all at once, then the mass job loss would undermine the governments legitimacy which is a very big deal in China. The government must prove that it is legitimate by providing jobs and a stable economy. Now, US manufcturers there will certainly be upset that the yuan will be on the rise and will also start moving out as wages and the cost of business in the country rises. That is why Hu is resisting, their feeble system, while appearing very strong and on the rise from the outside, would take very little to completely collapse.

I do actually agree with this.

I just can't believe everyone is just sitting back and watching Obama give away the US's future to China... not that McCain would have done any different, but this is literally the last peg stopping the US from becoming of third world status.

I do think that when the US economy does take it's final plunge that unless China is very careful they will destabilize simultaneously... I would expect that such a shift will have an impact the world over.
 
I don't know which is worse, the Democratic Party or the Chinese Communist Party! Neither one of them gives a **** about me.
 
Do you think not? I forsee a time in the future when every nation that can maintain a consumer base will have one, and that each nation will manufacture the majority of the products it consumes itself. This will be due to the eventual increase in the cost of transporting goods that will occur as we begin to run short on oil. Thus, at some point the cost of exporting/importing will be too great and cause each nation to become self-sustaining in the realm of manufacturing.

Don't discount inflation... yes, oil does fluctuate based on supply and demand, but some of the pundits are talking about 100-150$ oil soon being a reality. That kind of jump would only be expected through the dollar being worth less.

"Quantitative easing" as the bernanke calls it, is actually an economic school of thought that was inspired by one president Mugabe. Yes, that's right, it's a page from the Zimbabwean school of economics... it's not always been like that, but ya...so far it's QE2 and they are printing, if memory serves was 60 billion a month to cover debts.
 
I don't know about you, but having China as 'Sheriff' isn't gonna be a good thing for the majority of people that it affects.

What's in your koolaid? China has the worst valuation in the modern world! And now they are going into deep inflation from their arrogant idiocy of building skyscrapers and other childish bull****. They're doing the same thing the Japanese did with their NEW money. Nobody but idiots (Russians) want their currency. The dollar is going no where, and the US is still Matt Dillon regardless of the trillions.
 
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I do actually agree with this.

I just can't believe everyone is just sitting back and watching Obama give away the US's future to China... not that McCain would have done any different, but this is literally the last peg stopping the US from becoming of third world status.

I do think that when the US economy does take it's final plunge that unless China is very careful they will destabilize simultaneously... I would expect that such a shift will have an impact the world over.

What would you have Obama do? And please do not blame him for this. It began with Nixon and has been cultivated by every President (from both parties) thus far.
 
What's in your koolaid? China has the worst valuation in the modern world! And now they are going into deep inflation from their arrogant idiocy of building skyscrapers and other childish bull****. They're doing the same thing the Japanese did with their NEW monry. Nobody but idiots (Russians) want their currency. The dollar is going no where, and the US is still Matt Dillon regardless of the trillions.

The only thing making the dollar look good is the euro. Imo as long as the Chinese can continue to grow at a brisk pace they will accept inflation because they are afraid to find out what happens if growth slows in that country. They are afraid of the reaction of the people if things slow down.
 
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