Infantile US Tells China To “Behave Like A Grown-Up”

We see Ireland, Iceland, Greece and now Italy hit the economic fan and get torn apart by the IMF and global bankers who were all bailed out just two years ago by a rag-tag collection of governments.  Now, the UK and US are teetering on the edge of destruction so both go around lecturing the Chinese and Germans about how to run an economy!  Today, we get insane news from the APEC summit in Hawaii.  That is, the US lectures China about wars and how to run an economy successfully.

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This is from the doorman at the White House who works for Netanyahu:  Obama to China: Behave like ‘grown up’ economy

 

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Using some of his toughest language yet against China, Obama, a day after face-to-face talks with President Hu Jintao, demanded that China stop “gaming” the international system and create a level playing field for U.S. and other foreign businesses.

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“We’re going to continue to be firm that China operate by the same rules as everyone else,” Obama told reporters after hosting the 21-nation APEC summit in his native Honolulu. “We don’t want them taking advantage of the United States.”

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China shot back that it refused to abide by international economic rules that it had no part in writing.  “First we have to know whose rules we are talking about,” Pang Sen, a deputy director-general at China’s Foreign Ministry said.”If the rules are made collectively through agreement and China is a part of it, then China will abide by them. If rules are decided by one or even several countries, China does not have the obligation to abide by that.”

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I bet all the other Asian leaders had a very good laugh about this speech!  I find it pretty funny.  Of course, Obama cannot say what this ‘gaming’ happens to be!  The reason for this is simple to see: China is copying Japan and South Korea!  End of story.  There is nothing China is doing that isn’t being done by the other giant exporters who have very lopsided trade with the US.  This is also why China is correct when they maintain, they are not breaking any ‘rules’ since holding money in one’s FOREX accounts is not illegal!  Not even slightly.  Indeed, it is necessary.

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The ability to let one’s central bank print money at will so the currency is devalued is something not just Japan or South Korea does, the US does this, in spades.  So does the UK.  And everyone who can do this, does this.  This is the entire floating fiat currency/free trade game.  A strong currency leads to financial collapse thanks to a sudden flood of imports pouring into any country caught in this trap.  So everyone devalues as much as possible.

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The EU is in trouble because the euro became the world’s strongest currency several years ago when the US printed money like mad to deal with the trade and budget deficits and wars.  So imports poured into Europe and exports floundered.  Now, all of Europe is floundering.  The US used to be the #1 destination for exports but this is now floundering, too.  The US is desperate to export its way out of its deficits and this means making the dollar as worthless as possible.

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But no matter how many trillions we create out of thin air, the dollar remains strong against the yuan because China sucks down dollars and causes them to cease circulating.  The Japanese are insanely furious about the strong yen and have created billions and billions of funny money yen in a desperate attempt to weaken their own currency and this has failed due to China, again, soaking them up and holding them.

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This game is totally legal.  The printing of money like mad is wrong.  But holding it as savings is utterly legal.  Completely and totally, in deed, it is necessary.  So all they yapping about making the yuan stronger is silly, all the US and Japan have to do is, hold yuan.  But the US holds nearly no reserves of any sort.  Our ‘reserves’ are money digits in the US dollar, not trade currencies.

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Here is our Secretary of State Valkyrie yodeling about how we need to start wars in Asia now that we are sort of done but not done at all, fighting in the Middle East:  US can focus on Asia-Pacific after Iraq and Afghan wars, says Hillary Clinton 

 

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At a summit in Hawaii, Clinton spoke at length about China and the need for the two nations to work together to ensure “strong, sustained and balanced future global growth”.

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She also declared her “alarm” over the recent self-immolation of 11 Tibetan monks and nuns in protest of Chinese policy. It is the strongest US wording so far on these incidents.,,She said the winding down of the wars in Iraq and Afghanistan allowed the US to refocus on the Asia-Pacific. “After a decade in which we invested immense resources in these two theatres we have reached a pivot point,” she said. “We now can redirect some of those investments to opportunities and obligations elsewhere. And Asia stands out as a region where opportunities abound.

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The US has no interest in ‘working together’ and Obama’s speech writers in the State Department, all employees of Israel, insulted China openly, calling China’s economic policies, ‘childish’.  So what ‘work’ are we doing ‘together’ here?  It seems to me that the US is expanding its military bases in Asia.  America has sided, unilaterally, with Japan and South Korea in all disputes near China’s borders.

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The US has armed China’s neighbors and encouraged them to use our military nuclear power in our navy (almost all our nukes are now on submarines or hidden missile bases in supposedly neutral territory).  So, emboldened by the free gift of massive military power, the neighbors of China have done a lot of saber rattling.

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Both the US and Saudi Arabia have gone around the Muslim world, backed by and egged on by Israel, attacking everyone and anyone.  Assassinations and terror are produced by terrorists backed by, paid by and run by Mossad, the CIA and the Saudi Secret Police.  The US assassinates people, often peasants, who oppose the Saudi Royals and the Israelis.  The US orchestrates wars under the fig leaf of ‘protecting civilians’ (sic) and ‘disarmament’.  But it is a conquest machine at work.

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Syria was recently punished for killing its own citizens but killing and torturing citizens of our ‘allies’ in the Middle East is OK with the US government.  China can’t persecute Tibetan monks but Saudi Arabia can openly butcher Shi’ites peacefully demonstrating for civil rights and of course, Israel can do as it pleases with Muslims and Christian natives of Palestine.

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We cannot stop China from doing things.  But we can stop ISRAEL from doing these things!  But we refuse to stop Israel.  Therefore, we have no right to yap about other nations acting like Israeli Zionists.

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The Dragon is not pleased with this one sided criticism from the world’s biggest debtor nation:  China threatens US with new debt downgrade

 

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Dagong, which has maintained a pessimistic outlook on US fiscal policy, has been leading the charge to downgrade US debt over the last 12 months, lowering the US rating from AA to A+ a year ago.

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In August it downgraded US debt again, to A. Days later, Standard & Poor’s followed in its wake, becoming the first western agency to downgrade US debt…Founded in 1994 by the Chinese government and the People’s Bank of China, Dagong is the only credit ratings agency in China that grades foreign sovereign debt and bonds.

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History tells us, when a desperate empire hyper-expands its wars in order to cope with too much debt, they go bankrupt.  There are no exceptions to this iron rule.  Forever and ever, this has been true.  Even if there is no rival empire to invade such as Rome had 2,000 years ago, the rot of bankruptcy spreads until handfuls of Vandals can literally pour, unopposed, into the capital itself and destroy everything.

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So, China is correct in degrading our debt.  For the world’s biggest holder of US debt outside of the Federal Reserve and our Social Security Trust Fund, is China.  So, if our major banker says, our debt is dubious, they are correct by definition.  That is, the debtor isn’t allowed to choose what rating to give itself, the holder of these debts gets to decide what their value is.

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The rate of return being demanded by buyers of EU government debts is shooting upwards quite suddenly.  It is very high for Italy, for example.  Italy can’t afford to continue to run in the red if the debt payments reach 10%.  Germany, the strongest of the EU economies, is seeing debt buyers asking for higher rates, too.  The US sells itself its own debt at a ridiculously low rate right now but this is due to cheating.  We sell it to our central bank and our Social Security system at an artificial rate below the rate of inflation.

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The days of being able to do this are vanishing. The Super Committee Courts Compromise, which is supposed to balance our budget but is all about cutting social services, has announced that they are putting off raising taxes on the rich until after the elections next year.  The Chinese know this is the death knell for the US.  Preparations to destroy the US dollar and force us into bankruptcy are being readied in China and the US knows this and hopes to have plenty of nuclear bombs waiting to attack China in some Japanese/Nazi-style sneak attack.

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Amazingly, the Super Duper Dumb Committee is not going to cut the Pentagon nor, of course, the flood of money moving towards our ruling elites in Jerusalem.  In the recent GOP foreign policy debates, all, except for Ron Paul, wanted more wars, more belligerence and of course, more money for their boss, Netanyahu.  And no taxes on the rich to pay for these luxuries.  It was just jaw dropping, seeing all of this delusional talk right on top of debates about which Americans to throw overboard due to having no money!

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Indeed, one GOP candidate said, cut out all foreign aid and then reinstate it…for Israel!  One of the world’s wealthiest countries!  This sort of insanity isn’t a minor matter, it is how our entire Congress (except for a tiny handful of brave people of several different parties) thinks.  The desire to get more money via working for Israel is irresistible.  And many in Congress make their fortunes off of owning interest in military corporations that feed off of Congress. So the spending in this sector makes the 1% richer, makes Congress richer and makes the rest of us, poorer.

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We can’t get off this merry-go-round to the Apocalypse because too many people are getting rich off of our military adventures and they want this to expand so they will get richer and richer.  And the last thing on earth these warmongering monsters want to do is pay a 90% tax on their profits from warmongering.  They want us to suck up more debts due to China in order to run rampant all over the earth, killing anyone in our path while screaming at the Chinese for doing business with everyone including ourselves.

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This is the definition of demented. sunset borger

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28 Comments

Filed under .diplomacy, .money matters, Free Trade

28 responses to “Infantile US Tells China To “Behave Like A Grown-Up”

  1. Paul S

    I watched a part of the Republican “presidential” debates last Friday, you know, the one where all but Ron Paul and Jon Huntsman said waterboarding was OK.? Anyways, besides defending torture, these guys ripped China as a currency manipulator–and they promised to DO something about it. Just what, they didn’t say. Let’s see…the world’s biggest currency manipulator, the US, complaining about currency manipulation. I guess Republicans are still basing their politics on the old political cliche that says: “Elect and elect, tax and tax and spend and spend. And the people are too stupid to know the difference”.

  2. mile

    so.? waiting for higher interest rates in the hope to break even on the spendings forced by lower interest rates is a miscalculation.?…as it may require 20 percent 10 year bonds to do it and those rates are indicative of a country bankrupt toward default, even tho, rates of that sort were seen in 1980..? no place else left to cut expenses in az………….

  3. Claire Voyant

    We have had 4 decades of insane military stimulus spending, resulting in countless billions lost, blown up or stolen by corrupt dictators in far off lands.

    Time to end this madness before it ends us.

    As for the Chinese, railing at them for legally gaming the ‘free trade’ system is about as effective as railing at corrupt politicians who game the system with impunity here.

    We’re getting sick of them, too. As OWS shows.

    Let’s clean house, top to bottom.

  4. Claire Voyant

    Terrific commentary comparing Chinese gaming the floating currency system — and politicians’ perpetrating the Free Trade fraud — to Bernie Madoff’s Ponzi scheme.

    Wall Street turned a blind eye to both.

    The author’s post touches on many themes discussed in Culture of Life News over the years. I particularly like this citation: “In Chapter 19 of his 1817 classic, On the Principles of Political Economy and Taxation , David Ricardo, the father of political economics, warned that war, the removal of capital, and a new tax are destroyers of the comparative advantage which a country before possessed in manufacturing.” He goes on to liken [Forex-driven] currency manipulation to taxes on our exports by our trading partners, saying that they “would suffice to destroy the comparative advantage which the United States previously possessed in manufacturing.”

    Elaine has already discussed how war and offshoring of capital, Ricardo’s first two drivers of competitive destruction, have hollowed out this nation’s wealth.

    Here’s a link to the entire post, well worth reading:

    http://www.opednews.com/articles/China-and-Madoff-Fraud-Par-by-Hugh-Campbell-111011-5.html

  5. floridasandy

    an interesting view from china on europe:
    Jin, who has served as China’s deputy minister of finance and vice president of the Asian Development Bank, manages $400bn worth of the nation’s money through the sovereign wealth fund. He says that unless Europe changes its labour laws and adjusts its welfare system, he does not consider it to be a profitable investment.

    “If you look at the troubles which happened in European countries, this is purely because of the accumulated troubles of the worn out welfare society. I think the labour laws are outdated. The labour laws induce sloth, indolence, rather than hardworking. The incentive system, is totally out of whack.

    “Why should, for instance, within [the] eurozone some member’s people have to work to 65, even longer, whereas in some other countries they are happily retiring at 55, languishing on the beach? This is unfair. The welfare system is good for any society to reduce the gap, to help those who happen to have disadvantages, to enjoy a good life, but a welfare society should not induce people not to work hard.”

    almost sounds like a fiscal conservative. :)

  6. emsnews

    The Chinese believe in hard work.

    And yes, they are the creditor nation from hell and they hold the reins in this matter, the Bilderberg gang and Trilateral trollops are all fools, not understanding they no longer control things at all.

  7. Well the B & T control the Whip, they can crack it all they want, but all it does it is pisses people off more and more.

    The glee with which the rich do this is disturbing to behold (Hillary).

    But the days when the rich can keep themselves super rich by turning the labour of the people into their private property through debt is coming to an focal point. You can’t get blood from a stone. They do control a huge military machine, and they will use it. At the end of the day they will have nothing else (and at the end of that day they won’t even have that).

  8. Clueless

    @ Elaine and her buddy Yam:

    This month the Wall Street Journal reported:

    Socialite Patricia Kluge had debts of $47.5 million when she filed for bankruptcy, and so she had to sell off her 45-room house, her Virginia winery and lots of jewelry. As if that weren’t enough, Kluge may now have to sell two marble cupid statues. Bankruptcy Beat reported that a bankruptcy trustee wants to sell the statues at an auction in January in Philadelphia. The cupids, which “possibly” date back to the 1800s, are worth $4,000 to $6,000.

    That’s what happens when your debts exceed your assets. And that, according to Larry Lang, chair professor of Finance at the Chinese University of Hong Kong, is the state of China’s government finances.

    In a private speech in late October that was not supposed to be recorded, the professor divulged

    He asserts that:

    The regime’s debt sits at about 36 trillion yuan (US$5.68 trillion). The total is arrived at by adding up Chinese local government debt of US$2.5 trillion and US$3 trillion and debt owed by state-owned enterprises, another US$2.5 trillion and US$3 trillion.

    The real inflation rate is 16 percent, not 6.3% as the regime claims.

    There is serious excess capacity in the economy. Private consumption is only 30 percent of economic activity. Starting this July, the Purchasing Managers Index, a measure of the manufacturing industry, plunged to a new low of 50.7.

    China’s economy is in recession. GDP has decreased 10 percent

    Taxes are ridiculously high. Taxes on Chinese businesses (including direct and indirect taxes) are at 70 percent of earnings and the individual tax rate sits at 81.6 percent.

    Prof. Lang is no crank. He got both his Master and Ph.D. degrees in Finance from the Wharton School, University of Pennsylvania in 1986. He has been lecturer at the Wharton School of Business, University of Pennsylvania and professor of Finance at Graduate School of Business, Michigan State University, the College of Business, Ohio State University, the Stern School of Business, New York University and Visiting Professor of Finance at Graduate School of Business, the University of Chicago. Now he is Chair Professor of Finance, the Faculty of Business Administration, the Chinese University of Hong Kong.

    From 1994 to 1996 he was Partner of GITIC-Lehman Infrastructure Fund, Lehman Brothers. From 1998 to 2000 he worked as Consultant on Corporate Governance Projects to World Bank, Washington, D.C. After that he was Consultant on WTO/Banking Issues to Organization of Economic Cooperation and Development (OECD).

    Now Prof. Lang is Consultant on Corporate Governance to China Shenzhen Stock Exchange Hong Kong Government.

    In addition to stating that China’s regime is bankrupt, Lang also talked about the censorship that is placed on intellectuals and public figures. According to The Epoch Times, he said:

    “What I’m about to say is all true. But under this system, we are not allowed to speak the truth,” he said.

    He said: “Don’t think that we are living in a peaceful time now. Actually the media cannot report anything at all. Those of us who do TV shows are so miserable and frustrated, because we cannot do any programs. As long as something is related to the government, we cannot report about it.”

    He said that the regime doesn’t listen to experts, and that Party officials are insufferably arrogant. “If you don’t agree with him, he thinks you are against him,” he said.

    After that outburst of truthfulness, we hope Prof. Lang is making arrangements to leave Hong Kong for safer ground. (http://tinyurl.com/cny2qlb)

    Time to take the red pill on China, Elaine. Deflation is coming and its going to be a bumpy ride.

  9. emsnews

    HAHAHAHA…typical. OK: so what are China’s ASSETS??????

    A heck of a lot more. They sit on trillions in assets, mainly, US and foreign currencies, debts, etc. Geeze, how hard is it to figure out what wealth is?

  10. emsnews

    You see, the US is in the red in trade, debt, everything. The only thing we have is this money printing machine. Our inflation has been around 100% over the last decade. Except in house prices which shot up 100% and then is now crashing by a similar amount, about 10-20% a year.

    And it isn’t done, not at all.

    This is the problem: assets in China are going upwards and so is inflation. In the US, the value of assets is DROPPING BUT the cost of living (food, fuel and medicine, etc) is shooting through the roof.

    So we have stagflation: rising costs, falling values. A hideous trap caused by not having any capital. China has capital up the yin yang, the biggest on earth.

  11. Clueless

    China’s assets are dropping in value like a rock. I hope you don’t mean those empty cities and millions of empty apartment units?!! Not to mention the value of their dollar investments, both real estate and Treasuries. How about Rare earth mineral prices? Copper? Are their local lending costs dropping? Do you actually believe the gold they have bought will maintain its current market value? Hahaha

    Like all Ponzi schemes it is about manipulating supply and demand, but in all asset classes. Figure it out.

  12. payAttention

    This is a somewhat collosal misunderstanding of assets. The ability to build a deep water port in Sri Lanka in two years? Asset. Rebuilding Angola’s rail networks in a similar time frame? Asset. Printing fake money to buy fake paper assets? Not an asset. If you use that scale to measure real assets versus fake assets, you will get a clearer picture of what capital means. The funny munny is coming to the end of its very tired run. China will get hit by the implosion of funny money, except they will still have real assets on the other side. Funny munny, not so much.

  13. Clueless

    You are assume much, most of all that they will survive as a single sovereign state to benefit from their existing foreign investment excursions. The problem is very much at home, and while many like you read into and look for the lies behind US & European governmental statistics, you lap up the drivel coming out of Chinese government sources like bees to honey.

    http://tinyurl.com/7he7eu7
    http://tinyurl.com/7mhbsgr
    http://tinyurl.com/6lnvjp3
    http://tinyurl.com/3pqg3fn
    http://tinyurl.com/6shazgy
    http://tinyurl.com/75gme5r

    In the meantime, their government is sopping up liquidity, while the loan sharks who lend at at upwards of 7% per month are killing developers who cannot sell their inventory. the opposite of what happened in the US. China is what the US sees when it looks in the mirror.

  14. emsnews

    Meanwhile, China is using its ‘funny money’ to buy real assets, real commodities and real countries. The US does the same via printing press, only, unlike China, is very deep in debt to…CHINA! This is very real, this debt. To dump it, we have to commit economic hari kari. That is, kill ourselves.

    Then, we have no debt but our empire would cease suddenly to exist. Bang. Shot in the head by its own guns.

  15. Clueless

    Wrong. The biggest lender to the US government is… the Federal Reserve. By over $500 billion! (http://tinyurl.com/c2bszg9)

    So by your reckoning the Federal Reserve must be owned by China? ;-)

    Further, as I keep reminding everyone, as much as there are Ponzi schemes all over the place, we have as many Ponzi “stats”. The difference? The schemes are run by banksters, and the stats are run by their bitches — the politicians and government bureaucrats, who whitewash and justify their whitewash to dovetail the bankster bullshit, which they feed to the willfully ignorant believers.

    The latest example would be: World Exports $338Bn More Than It Imports
    (http://tinyurl.com/bwna42e)

    Very cute, ET’s buying Louis Vuitton. Ooops, could it be those wicked Escapist Tsingtao’s splurging their tax-free corruption money before deflation kills them at home? Only Hu knows…

  16. emsnews

    Um, that DOESN’T COUNT. The bonds sold OUTSIDE of the government/its own central bank is what counts.

  17. Clueless

    “The bonds sold OUTSIDE of the government/its own central bank is what counts.”

    Absolutely hilarious! I had a good laugh Elaine, thank you.

    So I understand what you are saying — the debt of the US government to its own “people” does not count, only the debt to China.

    To think Hu doesn’t even pay you… ;-)

  18. Alex Yam

    @Clueless

    Mr. Lang is just your typical Taiwanese bashing mainland China while sucking up to the US trying to make a living.

    Lang made his fame by continuously making outrageous claims to the public that are clearly full of factual errors to those in the know. He has the habit of exaggerating shits he doesn’t understand. For example his analyst of the Hong Kong situation was clearly dead wrong for anyone who actually lives there. His analyst on China’s electricity situation is also laughable to those who actually work in the industry.

    Lang is considered a clown in mainland China but he has fans in Taiwan because some people there want to see China fail. Every time this moron writes something negative about China these clowns jump up and scream in joy while Lang continue to shove bullshit down their gaping maws.

    Clueless, it’s funny when you said ‘China’s assets are dropping in value like a rock.’, it is as if you actually think those Europeans/Americans numbers — created by some rigged “international but actually just Europeans” system ultimately backed by a bunch of other European/American scams — actually mean anything. You actually think China gives a shit about what they say our asset is worth. I don’t know if you were referring to China’s domestic assets or foreign assets, but either way it doesn’t matter.

    For domestic assets, when China enjoy an economy growth, you and your fellow anti-China clowns jump up in joy because “China’s inflation will soon run out of control”, and when China’s government forces its economy to cool down you clowns will jump in joy because “China’s economy is collapsing”.

    For foreign assets, at this moment in time the world is tangled in one big mess no one can fall without dragging anyone else down. It doesn’t matter what happens to China’s foreign assets because if China go down, the rest of the world will follow. That’s why while we are chuckling at the Europeans for having to taste their own medicine, we aren’t really happy about the speed they’re falling, they’re taking everyone else down with them too quickly.

    Elaine said “only bonds sold OUTSIDE counts” because we’re talking about the geopolitical world here, where everything is based on trust, expectations and military strength. As a country you don’t bankrupt yourself by lending to your own people, unless you’re a small country pulling crazy shits like Zimbabwe. But if you don’t pay your debt at the international level, your trust value drops amongst your peers and it’ll cost a lot more for you to trade in the future.

    When Chinese walk into Africa and say they want to do business, Africans expect a win-win relationship, people expect the Chinese to actually PRODUCE SOMETHING in the end, and that expectation is what ultimately matters, a little good will goes a long way and that is where the real value/asset is in the long run.

    I can see why you laugh at your own joke, Mr. Clueless, like many other Europeans from Austria/Luxembourg, you think Chinese are just like your local factory workers who work hard and doesn’t understand a thing. That’s ok because that’s exactly what we want you to believe.

    As for the empty cities, let’s just say when all hell break loose, we’ll have enough houses to shelter all the refugees.

  19. Clueless

    On cue, Mr. Yam. The Katz & Jammer show is back on the road.

    Really Yam? according to you “Lang is considered a clown in mainland China but he has fans in Taiwan because some people there want to see China fail.”

    So why have over 1,000 Chinese gotten their MBA’s where he teaches? http://www.baf.cuhk.edu.hk/mba/aboutmba_of1.html

    And whose Advisory Board reads like a who’s who of HK business society?
    http://www.baf.cuhk.edu.hk/mba/aboutmba_ab.html

    A University that has academic linkages to over 60 Chinese schools and institutions? http://www.cuhk.edu.hk/oalc/en/al/partners.htm

    As for the empty cities, them assets you can’t eat them when the food runs out.

  20. Clueless

    China’s assets are in exit mode. “Get rich – then get out” is the life message being grasped by China’s wealthiest citizens two decades after former leader Deng Xiaoping supposedly declared that “to get rich is glorious”.

    Under Beijing’s capital rules, anyone leaving China can carry with them a maximum of 20,000 yuan (US$3,100) or the equivalent of US$5,000 in foreign currency. However, it is commonly known that wealthy Chinese are free to leave the country with briefcases full of cash.

    “The lack of security sense about the safety of their assets among Chinese wealthy is like a huge black cloud hanging over their heads,” Ye was quoted as saying in the Hurun survey report.

    China has 960,000 “yuan millionaires” with personal wealth of 10 million yuan (US$1.5 million) or more, according to the GroupM Knowledge – Hurun Wealth Report 2011. The figure is up 9.7% from a year earlier. China has 60,000 “super rich’ with 100 million yuan or more, up 9% on a year earlier.
    (http://tinyurl.com/877s2rh)

    One thing about money, regardless of culture, nationality or race, it jumps ship like rats when a ship starts sinking. Money always seeks safer havens. As the saying, money talks and bulls**t walks.

  21. Alex Yam

    @Clueless:

    LOL what? What do you mean? If someone is listed on some university web page then everything he says is automatically true? Do you know how many “professors” in Hong Kong are saying the exact opposite? Next you’ll tell me anyone who teaches has absolutely no agenda and never lies, at all.

    It doesn’t matter what some university “Advisory Board” looks like, Hong Kong’s business world is currently controlled by 4 families, if you don’t know who they are then you have no business talking about the “HK business society”. Universities in Europe/America have big influence in their own country but that’s not the case with countries run by Chinese.

    You sound like the typical clueless chicken that has no idea what’s going on so you look for the next guy with the “expert” badge who say things you want to hear. I suppose every China basher sounds like a god to you when all you breathe is western media. What do you expect a guy who was born in Taiwan, studied in the US, has nothing to lose but everything to gain while bashing China is going to say?

    Learn some Chinese and start reading actual Chinese media/websites/message boards and you’ll understand why it’s a disgrace just by quoting Lang.

    And, wow, just wow, so rich Chinese people are buying things all over the world despite what the rule says? What a big fucking surprise. “Millionaires” doesn’t mean shit these days, 10 million Yuan can’t even buy you a decent home in Hong Kong. So what’s your point? If you are rich then you won’t put all your eggs in one basket no matter what the rules say. You need a report to tell you that?

    Who doesn’t have “a huge black cloud hanging over their heads” these days? The Americans? The Europeans? The numbers you pulled from that “report” is nothing compared to the so called “international corporations” that loot billions from the Americans/Europeans.

    You are really clueless, aren’t you.

  22. Clueless

    这是你能做的最好? 没有一个熟人礼规则,这是不可能成立的字符。

    Suggest you leave Hongkong and go live in China, there will be a lot of space for you as you can replace the millionaires leaving in droves. it’s called walking the talk. :-)

  23. Clueless

    Weekend read:

    Starting at the end of next year, the Communist party is going to change the officers of their Politburo Standing Committee, the apex of political power in China. We are going to have a new General Party Secretary. And then in the early part of 2013, the government officers change. And sometime after that, the all-important Central Military Commission has a revamp of membership. And so at this time of political transition, the important economic decisions are not being made. But it is even worse than that, because corruption indeed is engulfing the political system. It is causing so much friction in society. The Communist Party is not able to mediate conflict and its only answer is to increase coercion.

    And that is why you have survey after survey of the rich and the super-rich, they talk about leaving China. It is not the poor who are going, which we have seen in many waves throughout the last couple hundred years, now the rich are thinking of getting out. They are getting passports, they are putting their families offshore, and this is of concern because this is a leading indicator.

    If you go about 25 miles south of where I live, and go to Princeton, New Jersey, you will see a lot of beautiful homes. I mean, they are all paid for, they have got a wife there, they have kids, and they have one or two Mercedes in the driveway. It is the perfect American family, except one thing is missing, and that is Dad. Dad is a senior official in Beijing and he is stealing as much money as he can. And at maybe not the first sign of trouble, but perhaps the second sign of trouble, he is on the United flight to New York, because he is not going to stay to defend a regime that is shaking. And that is one of the reasons why I think we have to be concerned about the way the Chinese economy is going, because the Chinese rich are starting to see the signs and are beginning to bail out.

    We are talking about the people who have benefited the most from this system. And they can see the problems at the top of society. We have now a weak General Party Secretary, Hu Jintao, and he is going to be followed by probably by someone who is just as weak, especially in his beginning years, Xi Jinping. This is a political system that will not be able to make the decisions and to implement them that everyone knows have to be made. And that is why, for instance, we have not seen much in the way of reform over the last five years. In fact, we have seen a reversal of reform. And most of the conditions that have given rise to China’s extraordinary growth either no longer exist or are disappearing fast. And so this is an economy in trouble. (http://tinyurl.com/brwf5hl)

  24. Alex Yam

    The Chinese translator you used returned gibberish.

    Your BS is still BS no matter where people live.

  25. Clueless

    In times of change the learners will inherit the earth, while the knowers will find themselves beautifully equipped for a world that no longer exists. Good luck Yam. :-)

  26. emsnews

    The Chinese who are coming here are coming here to take over systems, not flee China. They know that if China falls, they will fall here. Why on earth would the Chinese rich come here for safety???

    The US is falling into chaos and the only way out is to tax the super rich! DUH. It is inevitable. You can’t fleece the poor, they are, by definition, without much loot. But you can fleece the rich. And a rich minority (religious or ethnic) are super-easy to fleece!

    History is crystal clear about this!

  27. Clueless

    Get real Elaine! For someone who professes to know and understand China you really don’t get it. Better to be rich in poor USA than to be rich in unstable China. Unrest in the US will be a walk in the park compared to civil unrest in China.

    I don’t see you moving to China for safety either. Walk the talk. Better yet, do it with Yam.

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