Posted on 03/22/2008 9:41:31 PM PDT by manilaman
Cry Havoc and let Slip the Dogs of Economic War!!!!!!!!! F U CHINA
We’re waging economic war against China? How? Buy buying everything in Wal-Mart? I suspect if we keep it up, we might be able to buy every scrap of plastic over there, and soon enough, we’ll own the world’s supply of cheap plastic stuff! Yes! Take that, Mao!
I think liberal journalist read our random post here at the FR and steal our ideas.
Yes, we are waging an economic war against China. No, liberal journalist, no matter how well they write, have any insight to matters local or international.
Only Conservatives can see the future. And I predict, Obama is a Gramschi communistic rat racist.
The Philippines Should Become The 51st State
http://www.useless-knowledge.com/1234/jan/article528.html
by short changing their economic infrastructure. They have to look else where... but there is nowhere else to look besides s.e. Asia.
Bookmark for morning read. Night All!
This article is nonsense.
The article is right on in many respects. I can point to posts of mine from a year ago stating that the drive to weaken the dollar was focused on China and its reluctance to revalue the Yuan up.
The article contradicts itself with these two statements however:
“China is hurt because now Chinese products are very expensive in the United States”
“China has refused to revalue its currency to a realistic level”
As the chart above shows, the dollar has lost about 15% of it’s value. Not nearly as dramatic as the difference with the Euro and Pound. By and large, Chinese products are not much more expensive in the USA and we are using that to our advantage. We get nice big screen TVs, they get a few more pieces of paper.
These two statement sum it up completely:
“In effect, the United States is using China’s strength against China.”
“That objective is now achieved by a weaker dollar.”
The price of oil, which is denominated in dollars, is hurting China as much if not more than the US.
I for one believe this policy is correct for the long run and look forward to adding more US manufacturing jobs on the payroll in the years to come.
Just a question ....if US imposes tariffs etc on China do they not just pass on that cost to the homers that shop at the Great Wall of Mart’s , Targets, SAM’s, Price Clubs, Costco’s, Bed Bath’s and Boobs etc etc in Podunk USA as they maintain their profit margin ?
Just asking.......:o)
Stay safe !
Bump for later read
Interesting premise. Not sure if I buy it. It seems to me that the Red Chinese are going to own us lock, stock and barrel. If we are trying to hurt their economic power, I’m all for it. Seems like everything I buy these days is Made in China. Hard to find anything manufactured in America anymore.
BTW, Welcome to FreeRepublic manilaman.
Tell us about yourself. Are you the author?
Some said the exact same thing about the Japanese about 20 years ago.
my favorite freeper (and all around good guy) has been saying for years that the declining dollar has a method to its apparent madness, the primary one being the encouragement of a yuan that floats like the currencies of all the other major industrialized nations.
AIT? What’s your take on this?
The only reason why I can’t buy this completely is because many other nations, not just China, have huge dollar reserves and are hurting because of the dollar devaluation.
It’s causing a frenzy here in Japan. And, if the United States could strengthen the dollar, I am sure Prime Minister Fukuda would be on the phone screaming about it.
Japan has not totally recovered from the burst economic bubble of 1988 and a lot of people are extremely nervous as indicators haven’t really stabilized in a positive way.
Why inflict our dysfunction on a country full of good people?
For later read
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