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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

    Quote Originally Posted by Wiseone View Post
    Welcome to the Nixon years...
    But in the Nixon years China and America weren't equals.

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    Re: China's President Lays Groundwork for Obama Talks

    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.

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    Re: China's President Lays Groundwork for Obama Talks

    Quote Originally Posted by GPS_Flex View Post
    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.
    "And in the end, we were all just humans, drunk on the idea that love, only love, could heal our brokenness."

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    Re: China's President Lays Groundwork for Obama Talks

    Quote Originally Posted by Mr. Invisible View Post
    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.

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    Re: China's President Lays Groundwork for Obama Talks

    Quote Originally Posted by tlmorg02 View Post
    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.

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    Re: China's President Lays Groundwork for Obama Talks

    I don't know which is worse, the Democratic Party or the Chinese Communist Party! Neither one of them gives a **** about me.

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    Re: China's President Lays Groundwork for Obama Talks

    Quote Originally Posted by tlmorg02 View Post
    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.

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    Re: China's President Lays Groundwork for Obama Talks

    Quote Originally Posted by BmanMcfly View Post
    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.
    Last edited by American; 01-20-11 at 11:40 PM.
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    Re: China's President Lays Groundwork for Obama Talks

    Quote Originally Posted by BmanMcfly View Post
    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.

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    Re: China's President Lays Groundwork for Obama Talks

    Quote Originally Posted by American View Post
    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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