Take Heed. they are now in control

[billyboy]

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/07/bcnchina107a.xml

[nostatic]

ni hao ma?

Don't worry about it...no big deal. Just head off to WalMart and buy some more stuff. It'll all be fine...

[billyboy]

Originally Posted by nostatic

ni hao ma?

Don't worry about it...no big deal. Just head off to WalMart and buy some more stuff. It'll all be fine...

Hey we agree on something...sweet!

[Porsche-O-Phile]

And we keep handing more and more of our country to them every day in exchange for cheap appliances, televisions, clothing and rubber dog poo. How smart we are.

[tabs]

Sat, 16 Jun 2007 00:56:52 -0700 (PDT)
From: Mullah Tabdulla" Add to Address Book Add Mobile Alert
Subject: RE The Big Three of FP and the Course Ahead.
To: charlierose@pbs.org


With respect to China, one must remember Chinese History and the fact that they turned inward 700 or 800 years ago and rejected the outside world as if it didn't exist. The latest manifestation of that tendency was the Cultural Revoulution in 1967. Since then they have cautiously set about economic expansion which has slowly drawn them into dealing with the outside world and its problems. The Chinese are very subtle as they invented Bureaucarcy and will exert their power indirectly through their economic/ financial clout. They are intertwining themselves with dominate military power and economic power the US, hopefully for the mutaul benfit of bothe parties. However the day will come when they will be able to pull politcal strings in the US to do Chinas bidding.

[onewhippedpuppy]

Sat, 16 Jun 2007 00:56:52 -0700 (PDT)
From: Mullah Tabdulla" Add to Address Book Add Mobile Alert
Subject: RE The Big Three of FP and the Course Ahead.
To: charlierose@pbs.org


What the hell is this?

[Joeaksa]

Its Tabs the flying carpet salesman of course!

[onewhippedpuppy]

Anyone else think "bluff" when they hear this? The NUCLEAR OPTION, scary!!! I have no doubt that a massive sell-off of US Bonds would devalue the dollar, but is China prepared to face the retaliation? Considering that we are their largest consumer of cheap junk, we have a significant stake in their economic future. A trade embargo against China could do some damage to their economy as well. Of course, they really don't care if their people starve. And God forbid Wal Mart run out of cheap tosters and televisions.

[lendaddy]

Being that human nature is basically inflexible, you can forget the "stop buying Chinese stuff" solution. It's not going to work, people will always save a buck when they can.

The real question is what can we do to help US manufacturers compete. The problem is that question doesn't mesh with the hatred of corporations. It shouldn't be a matter of class warfare or sympathy, it's a matter of survival. Yet we continue to over tax and over regulate the very entities we need dearly. It's a classic case of cutting off your nose to spite your face.

I know this is more about the debt they own, but that is a direct result of our no longer being an economic superforce.

[onewhippedpuppy]

The upside to a trade collapse with China, we'd have to start looking inwards again for our goods. I wasn't suggesting that the American people would boycott, we're too self centered and short sighted for that. But, if China did intentionally attack our economy by attempting to devalue our dollar, a probable government retaliation would be tariffs or trade embargos.

[Mule]

Tabs, I see you've gotten a promotion. How many rungs on the ladder from Mullah to say Grand Mufti?

[legion]

Originally Posted by onewhippedpuppy

Anyone else think "bluff" when they hear this?

I do. And our sissies-in-Congress will flinch.

[lendaddy]

If you owe another country a several billion dollars, you've got big problems.

If you owe another country over a trillion dollars, they've got big problems.

[kach22i]

If it's not the Chinese owning us it's the Arabs..................what a world.

[cashflyer]

If some foreign country started demanding that we revalue our currency to meet their thoughts of what is fair, wouldn't we tell them to piss off? Same thing here, except it's America telling China to revalue, and China telling us to piss off. And our government has allowed China to be in a position to retaliate if necessary.

China is a sovereign country, so good for them.

[kach22i]

Originally Posted by cashflyer

demanding that we revalue our currency

Are the words "demand" or "demanding" being used by the USA?

Found this doing a search for such evidence:
http://news.tradingcharts.com/futures/7/8/96054387.html

DUBAI, United Arab Emirates, Jul 24, 2007, 2007 (IPS/GIN via COMTEX) -- Central banks in the Middle East are facing increasing pressure to revalue their currencies as the dollar continues its decline in relation to the sterling, the euro and a host of Asian currencies.

EDIT:

White House Opposes Pressuring China On Currency
By Martin Crutsinger, AP Economics Writer
Manufacturing.Net - August 01, 2007
http://www.manufacturing.net/article.aspx?id=145618

WASHINGTON (AP) - The Bush administration said Tuesday it opposes two bills aimed at pressuring China to overhaul its currency system, saying the legislation could spark protectionist retaliation around the world.

Treasury Secretary Henry Paulson, Commerce Secretary Carlos Gutierrez and U.S. Trade Representative Susan Schwab argued in a letter to congressional leaders that two Senate bills could undermine the administration's efforts to get China to address issues that have contributed to a soaring trade deficit.

The United States could also be exposed to a ''global cycle of protectionist legislation,'' the Bush officials said.

One senator said it was incorrect to raise the threat of retaliation by China as a reason to oppose the legislation.

''If we manipulated our currency, then China should go after us. But we don't,'' said Democratic Sen. Charles Schumer.

Democratic Sen. Max Baucus disputed the administration's contention that the current system for policing misaligned currencies was working. He said his proposal would provide the administration with ''a new approach, new tools and new incentives'' to crack down on nations that were undervaluing their currencies.

[Shaun @ Tru6]

Vindication tastes terrible.

Even though priced higher, we'll keep production in India.

[tabs]

Originally Posted by onewhippedpuppy

Sat, 16 Jun 2007 00:56:52 -0700 (PDT)
From: Mullah Tabdulla" Add to Address Book Add Mobile Alert
Subject: RE The Big Three of FP and the Course Ahead.
To: charlierose@pbs.org


What the hell is this?

This is a copy of the E-mail I sent the Charlie Rose show on JUNE 16, 2007. So you might say not only was I ahead of the curve in what the Chinese were going to do, but also on how they were going to do it. I just changed the heading at the top for this audience to keep my e-mail number private.

This saber rattling by the Chinese is designed to get the attention of Congress and give them a warning that they are not exactly in control of their own destiny anymore. The Chinese want to move at their own pace with regards to revaluation and don't like to be threatened by an upstart Congress. The Bush administration was probably told ahead of time that this was going to occur, as the Bush admin understands the dynamics of the Chinese economy and political situation.

It is highly ironic that Hillary has recently proposed that the US government set up a fund to bail out homeowners who are in difficulty with their subprime mortgages. The direct fall out from a Chinese dumping of US Bonds would be a sharp rise in interest rates which would effect home loan interest rates. Ahhh-sooo do U think there might be some linkage there.

[Shaun @ Tru6]

Look on the bright side: We've getting some serious ROI on the $ borrowed to fund the Iraq War. USA USA USA USA USA...

[tabs]

I have told youse before that when ferners buy US Bond and our currency is devalued, they are left holding a devalued asset. Youse might say that is one way of funding a war on Terror huh?