Posted on 12/20/2010 7:14:55 AM PST by george76
The Chinese are playing grandmaster chess against an amateur America that can’t see beyond the second move...
China is doing a very different thing. The Communist regime sees trade policy as merely one weapon in a war aimed at overtaking the United States as the world’s preeminent economic and, by extension, military power. The undervaluation of the renminbi is a necessary means of keeping China’s export machine running at full tilt so as to create jobs for the millions who are moving from the country to the nation’s cities. Lacking democratic legitimacy, the regime’s principal claim to the loyalty, or at least the submission of its people, is its ability to provide jobs and a rising standard of living, doubly important in this period of transition to a new generation of leaders in 2012. Americans chortle: that mercantilist program of subsidizing exports cannot be sustained forever, as the inflow of dollars will sooner or later trigger inflation. Right: indeed, that is already happening, and forcing the regime to adopt a variety of measures to curb credit and inflation.
(Excerpt) Read more at weeklystandard.com ...
Renminbi: official currency of the Peoples Republic of China. Unit: yuan. (Had to look it up. Source is Wikipedia.)
Just the thing Duncan Hunter has been warning about for the last 20 years. Will the GOP learn?
The answer: War.
I do believe that China is at war with us. It’s a different kind of war, and perhaps we need a different word for it. But they want us to decline, and they want themselves to be preeminent. And they are willing to use any tactic at all to achieve that goal. If they can do it without bloodshed, I’m sure they will be very happy.
“Never interrupt your enemy when he is making a mistake.” - Napoleon Bonaparte. With Obama at the helm, the Chinese could pretty much just sit back and watch, and be as fully at war with us as Napoleon ever was with his enemies.
Ping
How does that translate into American? Dollar - dollar, or dollar - one, or what?
I have seen it done in real life in the ghetto.
It’s called harassment threatening buying.
In order to appease China we will sell America out and let them invade for free.
It was done to pay off debts in the Bible to enter a slave contract with debtors... and this is what we are faced with.
Sycophant married women who want to move on up explain that they have to sleep with the husband’s boss because, “what else can I say?”, when we all know she had the means to file for harassment suit. So, obviously, it was a liberal game from the get go.
"Thus one who excels at employing the military subjugates other people's armies without engaging in battle, captures other people's fortified cities without attacking them, and destroys other people's states without prolonged fighting." Sun Tzu
The chess analogy was often used with the Soviets, and we were playing mediocre against grandmasters. Obama’s playing checkers. Reagan was the last one who was playing at Grandmaster level.
The Chinese aren’t playing some subtle game beyond our understanding.
They have industries which aren’t taxed and regulated into the ground, and they have natural resources which they exploit. Lastly: their spending is well within bounds.
That’s it. That’s the Chinese ‘secret’.
No wonder the left are in awe of it. The Chinese strategy is indeed beyond their understanding. But it is not beyond the rest of us.
http://coinmill.com/CNY_USD.html#CNY=1
According to this source, one yuan is equivalent to $0.15 US today.
I meant, how do the words translate. What is “official currency” and what is the “unit?” Seems to me like it’s “dollar” and “dollar”. Are there any other examples where the “official currency” isn’t the same as the “unit”? Pound-pound, yen - yen, euro-euro, etc, but renminbi - yuan?
The Russians were also supposed to be the big chess players.
Look how that “master strategy” turned out.
One-child policy + Chinese preference for sons = far more sons than daughters = preliminaries for war.
They’ve got their person in the Whte Hous.
Ping. Need serious brain power backup.
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