Thank you very much, (((((Justice))))). :)
Peace and best wishes. Xi On 9 nov, 17:09, Justice <[EMAIL PROTECTED]> wrote: > 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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