Food Safety in China, and the Risk to the U.S.

[gambit]

Oh Oh Oh not that crap again.

Why do you guys resort to lying just to prove a point. You'd probabaly make a better case using facts and a bit of your head than peddling lies and expect peole to swallow it.

I post again the previous rebuttal to this 'link' that you keep posting as the gospel truth.



http://www.defence.pk/forums/world-...ina-manipulates-its-currency.html#post1624496

Crap is correct. The US merely said we will not declare China to be a manipulator, not that China is not a manipulator.

China: Return Of The Dollar Peg? - Forbes.com

China may be intent on taking the U.S. dollar down a peg, but it has once again essentially hitched the value of its currency to the dollar,...

http://www.bloggingstocks.com/2008/01/07/china-learned-that-yuan-dollar-peg-is-a-two-edged-sword/

China, which has kept its currency, the yuan, artificially low in order to keep the cost of its exports low and promote a domestic economic boom as its nation develops, is finding that the strategy has a negative effect: domestic inflation.

 

[CardSharp]

Oh Oh Oh not that crap again.

Why do you guys resort to lying just to prove a point. You'd probabaly make a better case using facts and a bit of your head than peddling lies and expect peole to swallow it.

I post again the previous rebuttal to this 'link' that you keep posting as the gospel truth.



http://www.defence.pk/forums/world-...ina-manipulates-its-currency.html#post1624496

Phew.... Thankfully, the WTO Appellate Body doesn't accept infographics as evidence...

 

[jdme]

The Financial Times gives a direct quote from the US Treasury itself.

US Treasury says China is not manipulating currency - Financial Times

So for those who believe that China is deliberately manipulating its currency, why is the US Government lying to protect China, rather than its own people?

US government is run by lobbyists, that is why. Half of the US corporations who rely on Chinese imports/manufacturing will see their profits plummet if yuan rises significantly. Timmy is a little piece of sh...

 

[Chinese-Dragon]

Oh Oh Oh not that crap again.

The Financial Times gives a direct quote from the US Treasury itself.

US Treasury says China is not manipulating currency - Financial Times

So for those who believe that China is deliberately manipulating its currency, why is the US Government lying to protect China, rather than its own people?

EDIT: Double posted.

 

[CardSharp]

US government is run by lobbyists, that is why. Half of the US corporations who rely on Chinese imports/manufacturing will see their profits if yuan rise significantly. Timmy is a little piece of sh...

I'm promoting you up the totem pole of idiots. You actually recognize it's American lobbyists protecting their bottom line and not Chinese lobbyists (which would be illegal)

 

[gambit]

The Financial Times gives a direct quote from the US Treasury itself.

US Treasury says China is not manipulating currency - Financial Times

So for those who believe that China is deliberately manipulating its currency, why is the US Government lying to protect China, rather than its own people?

EDIT: Double posted.

If you have any smarts, you would not put too much stock on political maneuverings as 'proof'...

What A Trade War With China Would Look Like - Forbes.com

U.S. Treasury Secretary Tim Geithner signaled the likelihood of a tougher trade stance on China when he told the Senate during his confirmation that President Obama "believes that China is manipulating its currency."

We can change our mind at any time.

 

[Chinese-Dragon]

US government is run by lobbyists, that is why. Half of the US corporations who rely on Chinese imports/manufacturing will see their profits if yuan rise significantly. Timmy is a little piece of sh...

LOL well then, a big thank you to the US government once again.

And since the only two viable alternatives for the US government are the Democrats and the Republicans (both of whom refuse to take a stand against Chinese trade issues)... I guess I'll be thanking them for a long time to come.

 

[gambit]

I'm promoting you up the totem pole of idiots. You actually recognize it's American lobbyists protecting their bottom line and not Chinese lobbyists (which would be illegal)

No...Lobbyists works for whoever pay their fees. Lobbyists do not produce anything...

Chinese Companies Step Up Washington Lobbying - Political Hotsheet - CBS News

The Sunlight Foundation stated in a recent report that spending on Washington lobbying firms by Chinese companies nearly doubled between 2005 and 2010, putting China's businesses "into the highest levels of spending by foreign companies registering" under the Lobbying Disclosure Act (LDA).

Four Chinese companies alone spent $425,000 to contract with registered lobbyists in 2010, the Sunlight Foundation reports. In comparison, Chinese companies in 2005 spent about $290,000 overall on lobbying.

While the 2010 figure dwarfs in comparison to the estimated $2.6 billion spent overall on lobbying in 2010, it is an indication that Chinese companies are starting to see how American companies gain advantages in the marketplace.

 

[bandit]

Phew.... Thankfully, the WTO Appellate Body doesn't accept infographics as evidence...

The post is in reply to the other posters claim of Treasury secretary declaring China as a non-manipulator. Did you intentionally miss that to have a go at a smart *** one liner?

The Financial Times gives a direct quote from the US Treasury itself.

US Treasury says China is not manipulating currency - Financial Times

So for those who believe that China is deliberately manipulating its currency, why is the US Government lying to protect China, rather than its own people?

EDIT: Double posted.

Read the article, I even posted the relevant sections for you, I am sure you can understand two line sentences since you apparently misinterpreted the article as a whole.

It says US did not Cite China for manipulation and agreed to use diplomatic methods instead.

How tough is that to understand unless you are deliberately trying to mislead you audience?

 

[jdme]

I remember posting this before:
http://www.nytimes.com/2011/08/09/b...-beijings-moves-on-foreign-reserves.html?_r=3

Still, the renminbi has risen only 2.5 percent against the dollar this year. Economists in Beijing and the West are skeptical that Chinese leaders are ready to accept a sharp rise in the renminbi’s value. Producing enough renminbi to buy so many dollars has put the central bank on a collision course with consumers and businesses intent on developing the domestic economy.

One policy has been the rapid expansion of China’s money supply. The broad money measure known as M2 has soared in China by 64.3 percent since the start of 2009 — far outpacing the 10.4 percent of M2 in the United States in that period.

The expanding money supply has produced rapid inflation in housing prices, and is starting to affect consumer goods and services. Prices in July were up 6.5 percent from a year earlier, the National Bureau of Statistics announced on Tuesday morning in Beijing.

The other People’s Bank policy crimping the domestic economy is the requirement that state-controlled commercial banks lend ever more of their deposits to the central bank instead of to businesses. Chinese commercial banks must now deposit more than a fifth of their assets at the central bank, earning virtually no interest.

That has given the central bank a source of inexpensive financing for its hoard of foreign reserves, but it has left many small and medium-size private businesses unable to obtain loans. Commercial banks are allocating their limited supply of credit disproportionately to state-owned enterprises.

 

[Chinese-Dragon]

We can change our mind at any time.

LOL, then do it. I have no idea why your government would prefer to help China, rather than protecting their own economy.

But year after year, after year... the same news comes out. The US Treasury does not consider China to be a currency manipulator.

All the while, hundreds of billions of dollars are flowing out of the USA and into China. It is the world's largest trade deficit, and it is feeding the world's largest national debt.

 

[gambit]

LOL well then, a big thank you to the US government once again.

And since the only two viable alternatives for the US government are the Democrats and the Republicans (both of whom refuse to take a stand against Chinese trade issues)... I guess I'll be thanking them for a long time to come.

At least you acknowledging that without US tolerating your underhandedness, you would not prosper as China have these years.

 

[jdme]

LOL well then, a big thank you to the US government once again.

And since the only two viable alternatives for the US government are the Democrats and the Republicans (both of whom refuse to take a stand against Chinese trade issues)... I guess I'll be thanking them for a long time to come.

Ron Paul is coming... Even after Republican's best effort, man is getting more and more popular.

 

[CardSharp]

The post is in reply to the other posters claim of Treasury secretary declaring China as a non-manipulator. Did you intentionally miss that to have a go at a smart *** one liner?



Read the article, I even posted the relevant sections for you, I am sure you can understand two line sentences since you apparently misinterpreted the article as a whole.

It says US did not Cite China for manipulation and agreed to use diplomatic methods instead.

How tough is that to understand unless you are deliberately trying to mislead you audience?

Yeah I remember you, you're that guy who insisted T-bills weren't liquid and that nobody wanted them.

 

[gambit]

LOL, then do it. I have no idea why your government would prefer to help China, rather than protecting their own economy.

But year after year, after year... the same news comes out. The US Treasury does not consider China to be a currency manipulator.

All the while, hundreds of billions of dollars are flowing out of the USA and into China. It is the world's largest trade deficit.

Help? You are delusional. We cannot punish China without incurring some pain of our own. We tolerate China's underhandedness out of that fear. But the time has come for Americans to take the bitter economic pill in the short term for long term recovery. But it will not be so good for China in the same long term.