Think twice before blaming Beijing

[dArKeR]

Many Americans have begun to get used to the idea that China is a source for some of America¡¦s biggest economic problems, particularly in manufacturing. But economists identify China¡¦s rapid growth as a leading reason to believe the global economy is finally on a path for a sustainable, lasting expansion.

IT WAS LESS than two months ago that Treasury Secretary John Snow persuaded his counterparts in the Group of Seven industrialized democracies to approve a statement calling for ¡§more flexibility in exchange rates¡¨ in unidentified ¡§major countries or economic areas.¡¨ The surprise statement, which roiled global currency markets, was widely seen as an attempt to pressure China to boost the value of its currency, which has been fixed for years to the U.S. dollar.
U.S. manufacturing executives, labor leaders and prominent politicians all have attacked China¡¦s currency policy and other practices they say offer the Asian giant an unfair advantage over foreign competition.

http://msnbc.com/news/993774.asp?0cv=CB20

1. I had a friend explain to me the US currency is actually it some ways the same as the US currency because the US has artificial rates because it's the only 'international transaction currency'. It's the 'bend over' this is the only currency you can buy something with.
(And he was telling me that Putin is considering using the Euro as the new exchange currency with Europe. Which some how in this crazy world seems to make sense.) (And Malaysia and Indonesia are condsidering changing to the Gold Standard of international payments.)
It's all a little over my head. But I assume some scum sucker makes a commission every time one converts from one currency to another. At least the scum suckers do it to the po people like me.

rambling... in conclusion: since the US is the only accepted international currency it has an artificially grace too.

2. Something more makes a country than its currency and/or land area and/or government.
a. Taiwan is about the smallest place on Earth and now is 14-15 largest enocomy in the world.
b. Why arent places like the Philippines who have the guiding force of the Blessed Virgin Carlyle doing much better for the last 30 years since the American Puppet Dictator Marcos was thrown out? (We won't bring up the massive child prostitution/pornography centers of the world for the last 40 years now. Wouldn't want any Media Whores or White House staff or FBI/CIA to get embarassed about Bush's 'Philippines the model of Asia' speech 2 weeks ago.)
c. Why isn't Brazil, Argentina, Columbia... all the countries guided by the Blessed Virgin Kissinger and the Blessed Virgin CIA doing better than Taiwan and/or a hundred other countries who weren't graced by GOP GOD?
d. It has something also to do with the people. Chinese people work hard, long hours, can grasp complex technical thoughts, want to be rich...

If the world ever had a sleeping giant it's China. That's I think the will destroy it in some way so the American Power Elite Capitalists can get a larger ROI.

3. "The manufacturing sector has shed jobs for 39 straight months and now accounts for about 11 percent of U.S. non-farm jobs, down from 15 percent in the mid-1990s."
We've got serious serious serious problems which the politicians and Power Elite are not addressing.

I'm guilty as anyone. I do read a little but I had never realized we only had 11% manufacturing left in our country. I can see no hope for our country unless something drastic happens.

[HEyHEY]

1. But I ALWAYS blame them first

dang it

[Old and In the Way]

2. China keeps buying our debt......

if they stop, we'd be in a world of hurt. But I guess that's safer than holding huge surpluses of greenbacks. Really, the world is pretty interdependent, economicly.

[dArKeR]

3. US currency is actually it some ways the same as the Chinese currency

corrected error.

[dArKeR]

4. Would you guess weapons manufacturing is 4-5% of the 11%?

[mrdelurk]

5. China's emergence

My favorite writer, Robert Anton Wilson, ins his 6-cassette interview set discusses (between others) an interesting historical pattern: the "Jumping Jesus". He uses the word "Jesus" not to describe a deity, but as a measurement of all human knowledge. All the knowledge we had at 1AD equals 1 Jesus.

There is a consequent pattern that every time the Jesus number jumps to its double (the total amount of human knowledge doubles), the center of knowledge moves Westward. Wilson doesn't elaborate why, but I think the move happens when new, changing knowledge comes into conflict with a set & solidified governmental structure (which came to power based on the old knowledge.)

So, starting from the Bronze Age in Thailand, knowledge moved on Westward every time, with doublings more and more to the West - in Asia, than Venice, then London, then the US East Coast, then the US West Coast... always with little skirmishes between the old and new center. Today as the US Government seems to harden into an encroraching inflexible mass (like an artery clog), taking half of people's earnings in all kinds of revenues, pushing the welfare of encroached big corporations that once built but now plunder our economy, the encorached copyright system that starts to hinder new research... science and economy seems to be moving Westward again, now to China. And, of course, now that (fueled by the economic boom) everybody and his brother is building new family houses in China while the average American worker starts to loose hope for a house (or even for a job), there is the "they steal our prosperity!" outcry, as expected. Now what is the US government to say? "They are not! Science and economy are moving to China as a predictable cycle, as our government becomes more and more hardened and old to change" -? Of course not. It's easier to let the shouters blame the Chinese.