► Show Top 10 Hot Links

Posts Tagged ‘China’

China warns Feds over printing money

by Phantom Ace ( 9 Comments › )
Filed under China, Economy, North Korea at May 27th, 2009 - 9:03 am

China now is dictating to us economic policy. They actually are correct in this, printing more money is not a good. The only reason the Chinese are concerned is because of their dollar invested in the United States.

China warns Federal Reserve over ‘printing money’

Richard Fisher, president of the Dallas Federal Reserve Bank, said: “Senior officials of the Chinese government grilled me about whether or not we are going to monetise the actions of our legislature.”

“I must have been asked about that a hundred times in China. I was asked at every single meeting about our purchases of Treasuries. That seemed to be the principal preoccupation of those that were invested with their surpluses mostly in the United States,” he told the Wall Street Journal.

Could the North Korea crisis be China’s way to put pressure on us?

Taiwan falling into China’s lap

by Phantom Ace ( 10 Comments › )
Filed under China at May 23rd, 2009 - 10:52 am

This is very interesting development going on. The current President of Taiwan, Ma Ying-jeou is forging closer ties with China. Although it is good that tensions in the Taiwan straights maPresident May have died down, this development has strategic consequences.

Will Taiwan Defect to China?

On Wednesday, Ma Ying-jeou marked his first anniversary as president of Taiwan by calling his initial year “fruitful.” And he had just cause for doing so. His most notable accomplishment so far has been a marked improvement in relations between the island republic and China. “In one year, we have transformed the strait from a dangerous flashpoint to a conduit of peace and prosperity,” he told reporters in Taipei.

Last month, Taipei and Beijing, which both claim to govern “China,” entered into historic agreements covering financial cooperation, regularly scheduled flights and judicial and law enforcement ties. That’s on top of deals signed in June 2008. All told, there have been nine pacts inked with Beijing during Ma’s first year.

This could alter the balance of power in Asia. At this rate China can buy Taiwan, thanks to all the money they made off us. We need to keep an eye on the Dragon.

China’s growing Empire

by Phantom Ace ( 16 Comments › )
Filed under China at May 22nd, 2009 - 9:52 am

China’s reach and influence continues to grow. The recent events in Sri Lanka showed how China backs its allies. The Sri Lankan government crushed  the Tamil rebels and the world didn’t say much. This was because China backed them and the media was kept out. China also will make sure that no Sri Lankan officials will be prosecuted for war crimes.

China’s accidental empire is a growing danger

A Victorian historian said that Britain “conquered… half the world in a fit of absence of mind”.

Chinese Communist Party leaders are not normally associated with absentmindedness, but rather with cool, calculated, long-term strategic thinking. Yet China might well now be building a mixture of influence and obligation – the modern version of an empire- in quite a British way, and one that promises to cause increasing tension with its giant neighbour and regional rival, India.

Events in Sri Lanka, as that nation finally brings an end to a quarter-century-long civil war, are the latest example of China’s growing overseas reach. The victory of the Sri Lankan Government was assisted by the supply of arms from China, especially fighter jets, as The Times revealed on May 2, while the Chinese are also building a spanking new port on the southern coast of the country, which the Chinese Navy will be able to use for refuelling and repairs.

As much as many here don’t like China, I must say I respect the. They defend their interests and allies. They don’t care about world opinion and allow their allies to do what they want. I wish America had China’s foreign policies. We back stab our allies to placate our enemies. Its really sad that a Fascist regime like China is a more reliable friend than America.

GM to import Chinese Cars

by Phantom Ace ( 22 Comments › )
Filed under Barack Obama, China, Economy at May 14th, 2009 - 6:42 am

This really is not right. We are spending billions and are now part owners of GM (aka Government Motors). This was done in order to save American jobs. As a reward for us bailing them out, GM is planning to import cars made in China!

Chinese imports could bring GM political troubles

DETROIT (AP) – As thousands of General Motors workers await word on more U.S. plant closures, reports that the company plans to import Chinese-made vehicles to the U.S. have created a political problem for the automaker and the White House.

The reports, which GM will neither confirm nor deny, could mean trouble because GM is supported by $15.4 billion in U.S. government loans, largely due to the Obama administration’s desire to preserve the company’s 90,000 U.S. jobs.

The United Auto Workers charged last week that the Detroit automaker intends to almost double over the next five years the number of vehicles it imports to the U.S. from Mexico, South Korea, China and Japan.

Government sponsored outsourcing is wrong. The point of the bailouts was to preserve American jobs, not build up China’s economy. The Corporatists have helped turn China from a backward 3rd world nation, to a Regional Superpower with a modern Military. This has been done at the expense of American jobs. This is a national security issue for me and I feel the Corporations that are outsourcing jobs to a military rival like China are traitors. This is wrong and I hope Congress kills this idea.

If we bail out an American company, the jobs must be kept in America.