The birth of the 'de-Americanized' world

[gurey25]

China doesn't want to de-Americanize the world, they want to Sinicize it. Say hello to the new boss, same as the old boss.

agin this is not how they think, and it is not within their capabilities.
China is surrounded by powerfull countries that can be troublesome even if it reached US hyperpower status.
The Chinese view themselves as the middle country, the center of the world Ching Kuo,
center means balancing along with other powers into a harmony.

The US on the other hand is surrounded by what? Mexicans useless disorganzied and unable to organze being too close to the US,
Canada a benign sibling to the north, and 2 big ponds to the left and right.
They have and had no threats to occupy them and they were free to roam the world looking for trouble, markets, influence police the world.

The chinese simply to be the center of the world by balancing against everyone else, they do not need to go around the world looking for trouble,
they will manouver everyone else so that markets, and influence and power comes to them.


Well historically thats been their way.

[James Dahl]

What are you talking about, not only do they want that it's already happened. The only reason China hasn't made the Yuan the world reserve currency is that would mean they would have less control over their currency, they could do it tomorrow.

China has more US dollars than the US does.

[gurey25]

What are you talking about, not only do they want that it's already happened. The only reason China hasn't made the Yuan the world reserve currency is that would mean they would have less control over their currency, they could do it tomorrow.

China has more US dollars than the US does.

China wants the Yaun to be one of the worlds reserve currencies not the only one.
It wants a stable system like the bretton woods system from 45 to 71.
being the sole reserve currency is not only impossible but undesirable because of the responsibility.
advantages are less the the disadvantages.

[James Dahl]

I don't know if they do, to be a reserve currency you have to 'float' it on the world currency market, otherwise it can't be used as a reserve currency if people can't buy it. This means the Yuan would be worth the actual value rather than what China says it's worth.

China's Yuan should be worth about 50 US cents, currently it is 'worth' about 20 US cents, because China has total control over their currency and keep it at less than half its value in order to control the growth of wages and the rate of inflation. If they float their currency then the value of the Yuan would skyrocket since people wouldn't convert everything to US dollars before they buy Chinese goods, they would buy Yuan instead, so the demand for Yuan would soar. I wouldn't be surprized if the Yuan ended up worth more than the US dollar, especially if most of China's importers switched.

China already has huge inflation problems and rising wages threaten the basis of their growth, that is, cheap labor. China wants to start exploiting other countries for cheap labor and switch to being a 'rich' country, but not quite yet, they want to keep exploiting their own workforce for a little bit longer.

[zulaika]

Hi Gurey,

Is it true US gov. recently amended the "Trading with The Emeny Act"? If so, do you feel a repeat of the 1933 Executive Order is likey? The law was initially for the purpose of confiscation of gold, but will it aslo affect Americans eying the new China system; should they wish to open accounts and invest there.

[Jam Street]

"Trading with The Emeny Act"?

What is emeny? Do you mean enemy?

[FAH1223]

Hi Gurey,

Is it true US gov. recently amended the "Trading with The Emeny Act"? If so, do you feel a repeat of the 1933 Executive Order is likey? The law was initially for the purpose of confiscation of gold, but will it aslo affect Americans eying the new China system; should they wish to open accounts and invest there.

Right now, its only Cuba that is affected with this act. North Korea was recently lifted

[zulaika]

"Trading with The Emeny Act"?

What is emeny? Do you mean enemy?

Yes, enemy.. thanks for the correction.

[FAH1223]

China's growth has also slowed recently but the last quarter it jumped back near 8%

http://www.aljazeera.com/news/asia-paci ... 53134.html

10 million jobs

The International Monetary Fund is forecasting Chinese growth this year of 7.6 percent, which would be the weakest performance since the early 1990s, and some private sector analysts have cut their growth forecasts for next year to below 7 percent.

In a positive sign for the ruling party, Sheng said the economy created 10 million jobs in the first three quarters of the year.

[FAH1223]

I don't know if they do, to be a reserve currency you have to 'float' it on the world currency market, otherwise it can't be used as a reserve currency if people can't buy it. This means the Yuan would be worth the actual value rather than what China says it's worth.

China's Yuan should be worth about 50 US cents, currently it is 'worth' about 20 US cents, because China has total control over their currency and keep it at less than half its value in order to control the growth of wages and the rate of inflation. If they float their currency then the value of the Yuan would skyrocket since people wouldn't convert everything to US dollars before they buy Chinese goods, they would buy Yuan instead, so the demand for Yuan would soar. I wouldn't be surprized if the Yuan ended up worth more than the US dollar, especially if most of China's importers switched.

China already has huge inflation problems and rising wages threaten the basis of their growth, that is, cheap labor. China wants to start exploiting other countries for cheap labor and switch to being a 'rich' country, but not quite yet, they want to keep exploiting their own workforce for a little bit longer.

Are you of the opinion that China is dependent on the U.S. and its parasitical financiers and corporations? Or that their growth is limited due to lack of freedoms for the average citizen?

[James Dahl]

I don't know if they do, to be a reserve currency you have to 'float' it on the world currency market, otherwise it can't be used as a reserve currency if people can't buy it. This means the Yuan would be worth the actual value rather than what China says it's worth.

China's Yuan should be worth about 50 US cents, currently it is 'worth' about 20 US cents, because China has total control over their currency and keep it at less than half its value in order to control the growth of wages and the rate of inflation. If they float their currency then the value of the Yuan would skyrocket since people wouldn't convert everything to US dollars before they buy Chinese goods, they would buy Yuan instead, so the demand for Yuan would soar. I wouldn't be surprized if the Yuan ended up worth more than the US dollar, especially if most of China's importers switched.

China already has huge inflation problems and rising wages threaten the basis of their growth, that is, cheap labor. China wants to start exploiting other countries for cheap labor and switch to being a 'rich' country, but not quite yet, they want to keep exploiting their own workforce for a little bit longer.

Are you of the opinion that China is dependent on the U.S. and its parasitical financiers and corporations? Or that their growth is limited due to lack of freedoms for the average citizen?

The parasitic financial entities are multinationals who don't give a shit about the USA, or any nation for that matter. China's growth at the moment cannot be sustained without a strong western dollar importing goods and a cheap Yuan to convert to US dollars for low prices. As soon as they don't need the west anymore then they'll float the Yuan.

[Grant]

http://insights.wm.ml.com/articles/the- ... ntage.html

This Merril Lynch study says US innovation continues to lead the world by significant margins. Chinese patent applications exceed the US, but fewer are granted. Also, the US energy picture is improving as fracked natural gas enters both domestic and international markets. The US will be fine, especially if China begins to pay for the US patents it uses, which their increased use of the system implies they may.

Pepe writes some entertaining stuff, but he goes above and beyond for the headline.

[Basra-]

http://insights.wm.ml.com/articles/the- ... ntage.html

This Merril Lynch study says US innovation continues to lead the world by significant margins. Chinese patent applications exceed the US, but fewer are granted. Also, the US energy picture is improving as fracked natural gas enters both domestic and international markets. The US will be fine, especially if China begins to pay for the US patents it uses, which their increased use of the system implies they may.

Pepe writes some entertaining stuff, but he goes above and beyond for the headline.

You go Grant! You are hereby given an American Patriot Badge!

[FAH1223]

http://insights.wm.ml.com/articles/the- ... ntage.html

This Merril Lynch study says US innovation continues to lead the world by significant margins. Chinese patent applications exceed the US, but fewer are granted. Also, the US energy picture is improving as fracked natural gas enters both domestic and international markets. The US will be fine, especially if China begins to pay for the US patents it uses, which their increased use of the system implies they may.

Pepe writes some entertaining stuff, but he goes above and beyond for the headline.

The oil and natural gas boom is one of the best things that has happened here since the financial crisis.

Gas is still $3 a gallon though

[abdikarim86]

http://insights.wm.ml.com/articles/the- ... ntage.html

This Merril Lynch study says US innovation continues to lead the world by significant margins. Chinese patent applications exceed the US, but fewer are granted. Also, the US energy picture is improving as fracked natural gas enters both domestic and international markets. The US will be fine, especially if China begins to pay for the US patents it uses, which their increased use of the system implies they may.

Pepe writes some entertaining stuff, but he goes above and beyond for the headline.

The oil and natural gas boom is one of the best things that has happened here since the financial crisis.

Gas is still $3 a gallon though

$3 a gallon
Try £6 per gallon here, which is $9.50

You should be grateful