Just to respond briefly on the political side -- there is but one president of the United States of America. That president is George W. Bush. (I wouldn't expect any representative that he sends anywhere to stray from his blind reliance on unfettered capital markets. They are still in the business of making money for their wealthy friends.)
He holds to his ideology the way a child holds onto a security blanket. The FACT that it's wet, dirty and germy matters not to the child. Only the mother sees something that might harm. As Americans we hold our collective breath, wait for January 20th when the man in charge will have both the POWER AND the responsibility. Any intervention -- even if it were possible, which it is not -- would be costly to Mr. Obama politically. People are waiting at his door and window for just one mistake in order to repudiate him AND government. We have listened to the anti-government spiel for over 8 years now. Many are afraid -- mostly of incompetence, but some of government itself. Critical even crucial moves may be delayed -- it may even make things worse, but hasty actions in the face of danger, are foolish in the extreme. Only a fool or a child steps on the tail of the tiger. Mr. Obama is neither. Be patient. Whatever is happening now is George W. Bush's responsibility. It's no secret he has no skills in governance, and zero ability to work with others. China knows that -- she will be polite, expect nothing, and wait to see how Mr. Obama deals with the situation. On Nov 8, 4:41 pm, "[EMAIL PROTECTED]" <[EMAIL PROTECTED]> wrote: > Obviously, I have no clue of which position will be what the next US > administration will take regarding China. For mutual benefit, and for > the benefit of the global economy, let us hope that they choose > cooperation rather than trade wars. If USA starts a trading war, USA > will place the battlefield where less hurts China. Our former > vicepremier Mrs. Wu Yi, explained that scenario very well eact time > Mr.Paulson threaned with it. > > This guy reflects exactly the position of what I called "the right > wing" in the thread "Bretton Woods 2. How much can we > expect?"http://groups.google.com/group/world-thread/browse_thread/thread/238a... > > As usual, he uses a US dollar centric speech. He forgets that the Yuan > (or the RMB) moves up and down related to a basket of currencies that > reflects the China´s foreign trade, the US dollar just is a share of > it (probably not even the bigger share of it). Along the past few > years, the Yuan has always gone up against such basket. It did not > fall 10% against the US dollar recently, the US dollar rose against > most currencies recetly between 20% to 30%, the volatility comes from > the US dollar side, not from the Yuan side. > > Also, China agrees to balance the USA-China trade balance, but based > on rise of US exports toward China, not on reduction of China exports > toward USA. > > US economy is unable to accomplish it, basically because the problem > of US foreign deficit is not China, the problem of the US economy is > that its economic structure is based on consumption on top of cheap > oil, not in a balance between production and consumption. Until this > structure is fixed, neither the China-USA deficit, nor the USA foreign > deficit with the rest of the world, nor the US debt with the rest of > the world, nor the financial problem will be fixed. It is just > mathematics. "Shopping and tax cuts" as macroeconomic policy only > generates deficits and illiquidity crashes. > > To bash China these days and step aside from the real problems is just > a strategy of the right wing to achieve nothing during the summit. But > on Friday Nov 7th., this position has zero posibilities. The world > wants results from that summit. > > Peace and best wishes. > > Xi > > On 8 nov, 20:03, antidefm <[EMAIL PROTECTED]> wrote: > > > > >http://www.youtube.com/watch?v=3ED9PCZjENM > > > This Robert Blohm - "American economist and investment banker in > > Beijing"?! Exactly what he is doing in Beijing now?! He is pretty > > much hostile toward China's monetary policy. > > > Here is what I have found in the Wikipedia: > > > Robert Blohm (born on May 27, 1948 in Trenton, New Jersey) is an > > American and Canadian investment banker, economist and statistician. > > He helped expand the Japanese capital market in the 1980s to Canadian > > governments, corporations, utilities and banks. In the early 1990s he > > argued widely in the US and Canadian press against the economic > > feasibility of Quebec's separation from Canada, particularly in a > > series of opinion articles in The Wall Street Journal. He coined the > > term "the internet economy" in a Wall Street Journal opinion article > > by that title in 1996. In the later 1990s he published articles in the > > general and trade press against restructuring the wholesale electric > > industry into a centralized spot market. Blohm has since helped the > > North American Electric Reliability Council develop risk-based > > standards for reliably operating and planning the electric system in a > > competitive market. > > > Following is the embadding of the video if it works: > > <object width="425" height="344"><param name="movie" > > value="http://www.youtube.com/v/3ED9PCZjENM&hl=en&fs=1";></param><param > > name="allowFullScreen" value="true"></param><param > > name="allowscriptaccess" value="always"></param><embed > > src="http://www.youtube.com/v/3ED9PCZjENM&hl=en&fs=1"; type="application/x- > > shockwave-flash" allowscriptaccess="always" allowfullscreen="true" > > width="425" height="344"></embed></object>- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "World-thread" group. 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