China's top banks may get $70b bail-out

I think your answer #2 is the reason - corruption.

Yes, it was 4/1/2001. Now please read 07/25/2002 "Under Secretary Taylor testifies on the U.S. Contribution to World Bank Development Funding" to see where our money is going re the World bank.

OK, you came up with $1,437,000,000, distributed to a bunch of different nations, not $40,000,000,000 going to China.

That's a far cry from what you posted.

Now, what, exactly, was the relevance of Post #7?

After attacking our aircraft I don't believe we should be trading with China. We give many billions to the World Bank every year and I don't agree with the idea that any of the grants should end up in our enimies hands.

The coming collapse (or realignment) of China's banking system has been well documented. To put it bluntly, the Chinese finance community and bureaucracies are going to have to experience a U.S. 1893-style Depression before they have the know-how and necessity to begin banking reform and regulation on par with the USA's response to the 1893 Depression. With 1.3 billion people, a Depression in China is unpredictable on world events, to put it lightly.

When is the yuen going to be reevaluated? If it is, will China use exports to claw its way out of the problem? Are there enough people on the planet for China to sell to?

you know, we americans should not be penalized for the dysfunctionalisms in china. I'm glad the US took special action to get china on its' feet because 20-25 years ago there was some starvation in China because things were so bad. They don't have that problem any more. We've given them a huge life-rope and I'm glad. But we should've stopped this charity 10 years ago.

When a nation fixes its currency at artificially low rates and then you agree to trade with that nation, then that is charity. When you do it on a massive scale as we are doing now with such a nation, then that is foolish. When you take glee in your own nation's industry's failing as a result, then that is sick. The republicans are sick.

It's too bad that China's system is such that the ordinary people have their wages stolen from them by the factory managers. It's too bad that the bureaucrats and managers at various organizations in China steal so much money as to make their economy sick even though they're given every advantage in the marketplace. It's too bad that wages in china just don't go up even when there's double digit growth in the economy for ten years straight. But we americans should not be penalized for this. Likewise, we americans shouldn't be penalized for the fact that Mexicxo is dysfunctional. They have so much corruption and dysfunctionalism in their economy that people find they can't build anything worthwhile in Mexico or else it will be taken from them. That is why Mexico has super-high unemployment and under-employment even at a time when 25% of their nation since 1970 has left the building and NAFTA has thrown tremendous opportunities their way. We americans are asked to bear the burdens of the rest of the world and we're not allowed to enjoy the fruits of the order we've created inside of our own nation. Instead, those fruits are exported at the behest of rich people like Bush.

It's fundamentally unfair to the americans to proceed this way. It requires a state of tyranny to keep this up.

The Republican cheerleaders shout 'free trade', 'free trade' over and over and over again. But it is not free trade if the chinese currency does not float. Also, much American food is cheaper than much chinese produced food. But the Chinese systematically refuse to buy american food. This is not free trade either.

We as a people do not benefit from a one way trading system. Maybe the bankers and the corporations benefit, but not the americans. The american government should serve the interests of the americans and should not worry about the bankers, the corporations or the chinese or the mexicans. To have any other mindset is to promote tyranny.

If the Chinese insist on a one-way trading system, then that is fine. We shouldn't waste our time and efforts 'negotiating'. We should merely impose large tariffs on the chinese imports and tell the chinese that when there is a rough equivalence between our imports from them and our exports to them, then we'll remove the tariff. It is in our interest to do this. Yet our leaders have ideologies and even private associations which stop them from this.

We need to throw these bums out of office. The Bush/Clinton/Bush axis of bad trade policy has done enough damage. Let's make changes.

I hope everybody read the memo posted here on FR that was written by George Bush where he was instructing american trade negotiators about how it is fundamentally good when the current trading system causes american industries to fail.

Why 1893? Why not 1819, 1837, 1857, 1873, or 1907?