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Thread: China's President Lays Groundwork for Obama Talks

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    Re: China's President Lays Groundwork for Obama Talks

    The movement towards the yuan as the global currency, at this point is nothing more than grandstanding on the part of China. As Wiseone mentioned in this thread earlier, the Chinese are so loaded up with US debt that any moves to devalue the US currency would result in their own economc ruin. What Hu was attempting to do is threaten the US over constant criticism towards China's manipulation of the yuan, which by keeping its value low, aides the Chinese in maintaining the large trading deficits.

    China pushes back on currency calls as Hu heads to Washington - Yahoo! News

    As you can see, how would one expect Hu Jintao to respond to such threats of "currency legislation." All in all, the tough talk between the two will continue until the major issues of Taiwan, North Korea, and human rights are resolved. Though both sides wish to use economics as a weapon, both are too heavily dependent upon the other at this point to take any meaniful steps in this area towards the other.

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    Re: China's President Lays Groundwork for Obama Talks




    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: China's President Lays Groundwork for Obama Talks

    hu always humiliates our half-witted head honcho

    in november of 09 obtuse obama went to asia, treated like a puppet by the chairman choreographer

    obtuse obama allowed himself to be used as a prop at a chinese "townhall," directed by the people's party, in shanghai

    he was completely repulsed on currency, climate, korea, taiwan, human rights, tibet...

    der spiegel reported, "obama's nice guy acts gets him nowhere on the world stage"

    US Foreign Policy: Obama's Nice Guy Act Gets Him Nowhere on the World Stage - SPIEGEL ONLINE - News - International

    the acclaimed council on foreign relations (leslie gelb): "amateur hour at the white house"

    Amateur Hour at the White House - Council on Foreign Relations

    a week after tsunami tuesday, obama attended the g20 in seoul

    he demanded (in the way an irate shirley temple might) currency negotiation, like he always does

    unfortunately, only days before, bernanke had announced his most recent 600B of quantitative easing

    the consensus international reaction to obama's chubby little fists was---who are you to talk to us, or anyone, about currency?

    the national journal called it---"obama's rodney dangerfield moment"

    NationalJournal.com - America?s Rodney Dangerfield Moment - Friday, November 12, 2010

    the nyt: "obama's economic views rejected on world stage"

    Obama's economic view is rejected on world stage - San Jose Mercury News

    exactly what does obsequious obama hope to accomplish from this latest tete a tete?

    a photo op?

    why should the chairman acquiesce to anything?

    obama doesn't know what he's doing, he's a rank amateur, a rodney dangerfield

    remember THIS photo?

    Dalai Lama Trots Past White House Trash - FoxNews.com

    how humiliating

    read the links, i dare you

    then try to spin

    michael hirsh and leslie gelb will be waiting
    Last edited by The Prof; 01-18-11 at 10:20 PM.

  4. #24
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    Re: China's President Lays Groundwork for Obama Talks

    Well, it's not like we didn't know this day would be coming right? It's not like we woke up this morning and said, Oh **** - where did the Chinese come from since yesterday... they've been on the rise since the 1980's and we've given them like - ton's of technology, information and the ability for them to steal the rest. Now they're basically bankrupting the U.S. the way Reagan did to the Soviets during the Cold War.

    Here's the deal - we need to cut bait with China - remove the trade imbalance, cut our expenditures over the next 10-15 years and keep our good ideas to ourselves for a decade or two. If not, we'll be wiping China's ass for them for a long time.
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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    Re: China's President Lays Groundwork for Obama Talks

    In case anyone is curious about the protocol of the meeting between Obama and Hu's Your Daddy, I would like to describe the appropriate procedure for El Jefe Obama:

    Walk towards Hu's Your Daddy.

    Five feet away from Hu's Your Daddy, drop to your hands and knees.

    Avert your eyes.

    Slowly bring your head to the ground.

    Press your forehead against the ground.

    Retain that position until admonished to stand.

    If El Jefe Obama can follow these instructions without error, Hu's Your Daddy will grant an audience to El Jefe.

    Edit: This procedure is called kowtowing. Obama needs to kowtow to Hu's Your Daddy.
    Last edited by Albert Di Salvo; 01-18-11 at 10:29 PM.

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    Re: 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

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    Re: China's President Lays Groundwork for Obama Talks

    Quote Originally Posted by Albert Di Salvo View Post
    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.
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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    Re: China's President Lays Groundwork for Obama Talks

    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.

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    Re: China's President Lays Groundwork for Obama Talks

    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

  10. #30
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    Re: China's President Lays Groundwork for Obama Talks

    Quote Originally Posted by The Prof View Post
    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?

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