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

[Chinese-Dragon]

And the next administration can say the opposite. Please...China is not fooling anyone. Economists -- not depending on the government for their politically appointed cushy jobs -- worldwide recognize the signs of underhanded currency and trade policies when they see them.

Did George Bush label us a currency manipulator? No he did not.

In fact, it was under the George Bush administration that America became so economically intertwined with China.

Democrats, Republicans, big business, etc, etc. They all follow the money.

 

[CardSharp]

Don't be so pleased. Devaluation of dollar is only going to help US in long run. And recent data suggest that US actually has become cheap enough for manufacturing jobs to come back. I don't have power to affect anything accept what I buy but things seem to be taking care of themselves.

When did the devaluation of the dollar come in? I'm more interested in your statement about the US and US politicians letting China devaluate it's currency, The yuan which incidently has undergone the fastest and most steady appreciation of any currency in recent years.

 

[gambit]

Did George Bush label us a currency manipulator? No he did not.

In fact, it was under the George Bush administration that America became so economically intertwined with China.

Democrats, Republicans, big businesses, etc. They all follow the money.

Bush is not here. Whatever Bush did can be undone. That is what China is afraid of. The next administration that will put China under the trade and currency microscope will have overwhelming support of the American people.

 

[CardSharp]

And the next administration can say the opposite. Please...China is not fooling anyone. Economists -- not depending on the government for their politically appointed cushy jobs -- worldwide recognize the signs of underhanded currency and trade policies when they see them.

Does that include the economists with those fancy Nobel prizes in Economics?

Mundell Says U.S. Action on Yuan Rate Would Be a `Disaster' - Bloomberg

U.S. to benefit little from yuan rise -Stiglitz

 

[Chinese-Dragon]

Bush is not here. Whatever Bush did can be undone. That is what China is afraid of. The next administration that will put China under the trade and currency microscope will have overwhelming support of the American people.

LOL, and which US Presidential candidate (who has at least some chance of winning) has openly declared in their manifesto, that they will take a public stand against trade with China?

Democrats? Republicans?

Both George Bush and Obama, increased America's trade deficit to China, as well as the debt.

(Hopefully the Republicans will win the next round though, since they are the economic right-wingers.)

 

[jdme]

When did the devaluation of the dollar come in? I'm more interested in your statement about the US and US politicians letting China devaluate it's currency, The yuan which incidently has undergone the fastest and most steady appreciation of any currency in recent years.

You have an habit of making stuff up. I never mentioned anything about devaluation of Yuan. China pegs it's currency to dollar by buying/selling Yuan constantly.

 

[gambit]

Well I don't shop at Wal-Mart but I doubt you can find anything made in US nowadays.

China's being the low cost manufacturer for the world is a double edged sword for everyone, including China. But in the end, it is easier and faster for US to find alternatives than for the Chinese to become consumer quick enough to save China from a depression from retaliatory trade policy.

 

[CardSharp]

Stop talking like an idiot. You have an habit of making stuff up. I never mentioned anything about devaluation of Yuan. China pegs it's currency to dollar by buying/selling Yuan constantly.

Your bluff would work better if it wasn't so easy to quote what you just wrote

Ofcourse they are to be blamed. They artificially keep the prices of their products down. But we let them! Our politicians let them.

But then again I am crediting you with understanding the basic relationship between the cost of production and currency valuation. You may just be clueless.

 

[jdme]

Does that include the economists with those fancy Nobel prizes in Economics?

Mundell Says U.S. Action on Yuan Rate Would Be a `Disaster' - Bloomberg

U.S. to benefit little from yuan rise -Stiglitz

Mayor Bloomberg is a Nobel laureate? Did you mean Paul Krugman?

 

[gambit]

Does that include the economists with those fancy Nobel prizes in Economics?

Mundell Says U.S. Action on Yuan Rate Would Be a `Disaster' - Bloomberg

U.S. to benefit little from yuan rise -Stiglitz

Where in those articles does it say Mundell and Stiglitz DOES NOT recognize such clues? Both men simply acknowledged the consequences of a 'rising' yuan. Not that such underhanded manipulations does not exist.

 

[jdme]

But then again I am crediting you with understanding the basic relationship between the cost of production and currency valuation. You may just be clueless.

Yuan is heavily under-valued due to pegging. And that is why China cannot float the currency because anything made in China will see sharp rise in price.

 

[bandit]

After that, be sure to ask the good ol' US government the same question.

US Treasury says China is not manipulating currency - Financial Times

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.

You claimed that US govt had 'declared' China as a non-manipulator, in fact both your links have nothing of that sort.
All it says is this :

The Obama administration on Friday declined to cite China for manipulating its currency to gain trade advantages against the United States.

Further:

But like his predecessors, Treasury Secretary Timothy F. Geithner has tried to resolve the issue through diplomatic channels - criticizing Chinese policy and urging them to make changes without formally invoking U.S. law.

That means that refusal to cite is just letting China of the hook by not acting legally against them.

Also note:

In refusing to cite China, Treasury said Chinese President Hu Jintao had assured President Barack Obama during a visit to Washington last month that China would intensify its efforts to "further enhance exchange rate stability."

Thats clearly an admittance by Chinese govt to address currency manipulation using the euphemism "further enhance exchange rate stability".

How you are bandying about a report that contains nothing of the sort you are claiming, otoh is an acceptance of manipulation by China, is beyond me.

People like Bernard Madoff are the real manipulators.

Ol' Bernie was a Currency manipulator? Maybe in your fit of wall street bashing you have exchanged facts for fantasies.

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

 

[CardSharp]

Mayor Bloomberg is a Nobel laureate? Did you mean Paul Krugman?

Bloomberg is the name of the paper.... sigh... Robert Mundell is the Nobel economist, aka the father of the Euro.

Mundell Says U.S. Action on Yuan Rate Would Be a `Disaster' - Bloomberg (magazine)

 

[Chinese-Dragon]

Double Post.

 

[Yeti]

China's being the low cost manufacturer for the world is a double edged sword for everyone, including China. But in the end, it is easier and faster for US to find alternatives than for the Chinese to become consumer quick enough to save China from a depression from retaliatory trade policy.

Better to buy food produce from India as we don't have glowing meat in the dark or exploding watermelons unless people would pay extra for such items