Pak-Iran gas pipeline to violate sanctions: US

[Safriz]

The shuttle was touted as a cheaper alternate to rockets, which was not true as we all saw.

And today the world is happily using the Russian 1960s Soyuz capsules

 

[Obambam]

Not for the long term, whatever that 'long term' really mean. The euro is more on the verge of collapse than the dollar, if anything, Britain is glad that she stayed out of that mess.

The pound have always been stronger than Euro and the general public have always voted against joining. Nothing surprising to be glad about

China's currency manipulations and status as still a rising economy needing close guidance puts the yawn at a disadvantage, leaving the dollar as the best refuge.

That's rich coming from you, a person who clearly knows ZILCH about economics.

"China is a currency manipulator!" shouts the U.S. followed by 19 face palms at the G-20 summit. "Have you forgotten about QE2?" China asked, and the whole room burst into laughter

So how long is this 'long term'? Do YOU know?

How intelligent of you to ask.

Anyone with the tiniest bit of clue on economics would have been able to tell why countries such as Japan, South Korea, Russia and more are buying Yuan and is more than happy to accept it as forms of payment for trade. Little wonder why no one takes a janitor like you seriously when it comes down to matters relating to the society or the global economy. Keep dreaming that when China finally dumps the dollar, everyone in Europe and Japan would jump in snapping up something that is comparable in value to that of the Congolese franc!

Given how much you Chinese boys love to flaunt your imaginary degrees here, I have yet to see any credible arguments as to when China's economy off the dollar.

Anyone with even an "imaginary degree" would do better than you here, as economics is clearly not your forte

 

[gambit]

The pound have always been stronger than Euro and the general public have always voted against joining. Nothing surprising to be glad about

That was for those who once touted that the euro was the way to 'collapse' the dollar. Today it is the yawn.

That's rich coming from you, a person who clearly knows ZILCH about economics.

"China is a currency manipulator!" shouts the U.S. followed by 19 face palms at the G-20 summit. "Have you forgotten about QE2?" China asked, and the whole room burst into laughter



How intelligent of you to ask.

Anyone with the tiniest bit of clue on economics would have been able to tell why countries such as Japan, South Korea, Russia and more are buying Yuan and is more than happy to accept it as forms of payment for trade. Little wonder why no one takes a janitor like you seriously when it comes down to matters relating to the society or the global economy. Keep dreaming that when China finally dumps the dollar, everyone in Europe and Japan would jump in snapping up something that is comparable in value to that of the Congolese franc!

You mean like this...

Timothy Geithner calls on G20 nations to move to avert global currency war | Business | guardian.co.uk

China, which has built up large trade surpluses, is under mounting pressure to revalue the yuan. It has been criticised by the US and Europe for pegging its currency at a low level, which means its exports are cheaper worldwide. The World Bank has warned that a full-scale currency war risked a return to the protectionism of the 1930s, amid fears that growing tension between Washington and Beijing will hold back the global economy's recovery from the worst slump in decades. Other countries, including Brazil, Japan, South Korea, Switzerland and Taiwan have also moved to weaken their currencies.

So speaketh the Chinese who lives in the UK to shield himself against the day when the yawn has to rise and therefore make his fellow Chinese in China poorer than he is.

Anyone with even an "imaginary degree" would do better than you here, as economics is clearly not your forte

And anyone with basic English can see that the lot of you strained mightily on trying to lift the charge of currency manipulation off China's shoulders. Even the G20 knows it.

Note the second paragraph where China had to admit that the yawn needed to appreciate against the dollar. That is -- NEED. Why would China conceded that the yawn must appreciate against the dollar if China was not deliberately manipulating its value in the first place? Towards the end, China effectively put forth the argument that currency manipulation against the dollar IS the only way in which China can lift herself out of the decades long communist induced economic coma and China must do it at America's expense.

 

[Obambam]

That was for those who once touted that the euro was the way to 'collapse' the dollar. Today it is the yawn.

In the past, the Euro was indeed one of many possibility for replacing the dollars, but it was never a certainty.
Regardless of how strong or weak the Euro is, it is still stronger than the ever weakening dollar. Explains why countries are rapidly buying and trading with the "Yawn" doesn't it? Perhaps they know that when China finally decides to let out that giant "Yawn" the dollar's value would become that of the Congolese Franc

You mean like this...

Timothy Geithner calls on G20 nations to move to avert global currency war | Business | guardian.co.uk

or this..

G-20 refuses to back U.S. push on China's currency - USATODAY.com

SEOUL (AP) — Leaders of 20 major economies on Friday refused to back a U.S. push to make China boost its currency's value, keeping alive a dispute that raises fears of a global trade war amid criticism that cheap Chinese exports are costing American jobs.

The G-20's failure to adopt the U.S. stand has underlined Washington's reduced influence on the international stage, especially on economic matters. In another setback, Obama also failed to conclude a free trade agreement this week with South Korea.

And anyone with basic English can see that the lot of you strained mightily on trying to lift the charge of currency manipulation off China's shoulders. Even the G20 knows it.

Yep, they sure does, which explained why Obama left the meeting with cold sweat and bright rosy cheeks..

Obama defends QE2 ahead of G20 | Business | guardian.co.uk

Barack Obama has launched a strong defence of America's latest bout of quantitative easing, ahead of the G20 summit in Korea.

With many commentators predicting heated discussions between world leaders when they meet in Seoul later this week, Obama hit back at claims that the Federal Reserve risked destabilising the world economy through the $600bn (£370bn) "QE2" programme announced last week. During a visit to India, Obama argued that stimulating the US economy was in everyone's interests.

Both are considered "currency manipulators" but only one left with the backing of others, and that one certainly was not America.

I guess "stimulating" the Chinese economy was more to everyone's interests

 

[gambit]

And today the world is happily using the Russian 1960s Soyuz capsules

And how many decades the world enjoyed the intellectual and material benefits from the Space Shuttle program? A Pakistani is criticizing the Space Shuttle. You have any idea how fertile is that ground?

 

[gambit]

In the past, the Euro was indeed one of many possibility for replacing the dollars, but it was never a certainty.
Regardless of how strong or weak the Euro is, it is still stronger than the ever weakening dollar. Explains why countries are rapidly buying and trading with the "Yawn" doesn't it? Perhaps they know that when China finally decides to let out that giant "Yawn" the dollar's value would become that of the Congolese Franc

Did you read that Forbe's article on how much more US Treasury bond China bought?

or this..

G-20 refuses to back U.S. push on China's currency - USATODAY.com





Yep, they sure does, which explained why Obama left the meeting with cold sweat and bright rosy cheeks..

Obama defends QE2 ahead of G20 | Business | guardian.co.uk



Both are considered "currency manipulators" but only one left with the backing of others, and that one was not America. I guess "stimulating" the Chinese economy was more to everyone's interests

Refusal to cite does not mean they do not recognize the evidences. That refusal was for political reasons and you know it.

You want some more evidences...???

http://www.globaltimes.cn/NEWS/tabid/99/ID/682478/Gradual-exchange-reform-for-the-best-balance.aspx

It has been reported that a draft communique from Cannes has committed the G20 to pushing forward currency rate flexibility, a measure aimed at China's yuan. Pressing for the yuan's rise, rather than focusing on structural problems in the global economy, will bring about neither smaller trade deficits nor more job opportunities.

http://www.ctv.ca/CTVNews/Canada/20101019/flaherty-dollar-currency-manipulation-101019/

Many advanced economies, including Canada, have accused China of keeping its currency, the yuan, at an artificial low level in order to boost exports.

So how does it feel? To know that the country of convenience while you avoid China -- Canada -- accused China of currency manipulation?

 

[Obambam]

Note the second paragraph where China had to admit that the yawn needed to appreciate against the dollar. That is -- NEED. Why would China conceded that the yawn must appreciate against the dollar if China was not deliberately manipulating its value in the first place? Towards the end, China effectively put forth the argument that currency manipulation against the dollar IS the only way in which China can lift herself out of the decades long communist induced economic coma and China must do it at America's expense.

Enough said..

 

[gambit]

Enough said..

I agree. That is the ONLY thing you can bring to the table, that the US refused to CITE, not that the US, the G20, and the Asian leaders, failed to recognize the signs. The fact you failed to explain why does China NEED a gradualization of the yawn's rise is further evidence that you failed to provide any credible explanation as to why China is NOT guilty of currency manipulation.

http://business.financialpost.com/2...ina-in-call-for-greater-currency-flexibility/

Beijing has long faced pressure from western nations to allow its yuan currency to float more freely but has refused to bow to those demands and resisted attempts by the G20 to spell out concerns about its policies.

The statement did not criticize China, but did make a clear link between the country and a G20 drive to make currencies more flexible.

 

[Obambam]

G20 will deal with currency manipulation: Flaherty | CTV News

So how does it feel? To know that the country of convenience while you avoid China -- Canada -- accused China of currency manipulation?

That one was obvious and much expected (note: comment on Canada). Do I need to care about what America's 52nd state have got to say?

I agree. That is the ONLY thing you can bring to the table, that the US refused to CITE, not that the US, the G20, and the Asian leaders, failed to recognize the signs. The fact you failed to explain why does China NEED a gradualization of the yawn's rise is further evidence that you failed to provide any credible explanation as to why China is NOT guilty of currency manipulation.

G20 names China in call for greater currency flexibility | Investing | Financial Post

Do we really need to be serious when the accuser himself is equally guilty of his own charge? I have one phrase for you "Quantitative Easing"

The world must be thankful of America for exporting inflation. China had to raise the Yuan to counter the effects of inflation, now that is being stabilized, just don't get mad and jumpy when China makes efforts to limit the yuan's appreciation again.

China, as the second largest economy needs to be responsible and therefore cannot act irresponsibly (we are not America), a rapid rise of the yuan will not only harm our own economy, but also of the ones dependent on Chinese exports. It also makes sense that China protects its own interests first, just like how America have done and always have.

It doesn't matter how you spin it, you won't get away from the fact that America is and will always be labeled as a currency manipulator. Print currency en-mass, devaluating the dollar and exporting inflation, asif 2008 wasn't bad enough for the global economy.

Mean time don't be surprised to see your dollar continue to drop in value as demand for it lowers and China's continues to rise and more countries accepting it as form of trading currency, by passing the need to use the dollar.

Now we have both the second and third largest economy willfully trading in their own currencies. The world can clearly see how America is upset to see its currency is being undermined this way

U.S. Criticizes Japan, China on Currencies - WSJ.com

The Obama administration again declined to label China a currency manipulator, while it criticized Japan's efforts to limit the yen's appreciation.

The Treasury Department, in its overdue semiannual currency report, offered its most direct criticism to date of Japan's two latest currency interventions, which the U.S. didn't support.

 

[gambit]

That one was obvious and much expected (note: comment on Canada). Do I need to care about what America's 52nd state have got to say?

Is that it? Must hurt, ain't it? That your Canada joined in the list of accusers that China is a currency manipulator.

Do we really need to be serious when the accuser himself is equally guilty of his own charge? I have one phrase for you "Quantitative Easing"

No, we do not need to be serious about you and your arguments. The differences between Quantitative Easing and currency manipulation are glaring...

- Internal vs External. The American 'quantitative easing' monetary policy was very much internally targeted against domestic problems. China's currency manipulation was mainly externally focused, as in how does the yawn fares against the <whatever currency>. Domestic consumption drove America's growth when ordinary Chinese were grubbing for food thanks to communist economic fook-ups. Today, it is American consumption (external) that ordinary Chinese need for them to leave those days of grubbing for food. China MUST have a low valuation for the yawn to sustain that growth at the expense of America's internal issues.

- Duration. The American 'quantitative easing' monetary policy is obviously short term in intention. On the other hand, China's currency manipulation predate the American's 'quantitative easing' monetary policy and require constant monitoring and actions in order to maintain the yawn's valuation against other currency. And again, it require an intense focus on external factors such as the constant REAL exchange rate instead of nominal exchange rate. Real (inflation adjusted) rates are more important than nominal exchange rates between currencies. Once this economic crisis is over, and there are recovery signs that it is, then domestic consumption will be enough to drive American growth again, as it has in the past, then there will be no more 'quantitative easing', while China must maintain the yawn's low valuation to maintain domestic growth.

- Response. The American 'quantitative easing' monetary policy was reactive to domestic affairs. On the other hand, China's currency has been proactive, predate the American 'quantitative easing' monetary policy, and must be long term, in order to keep the yawn's low valuation against other currencies.

Are there similarities in consequences? Of course, such as possibly less costly US goods in export from said 'quantitative easing' and China's currency manipulation. But to say that the American 'quantitative easing' equals to China's currency manipulation is like saying the killing of a person in a cops-and-robbers situation, a woman vs a rapist in the middle of the night in her home, one soldier vs another soldier in combat, and an automobile accident, that all perpetrators of deaths in those situations must be treated the same. No contexts are sought, given consideration, and factored in prior to judgement in all of those situations.

You brought on the G20. I played your game and it turned out the G20 is not as gullible as you are. Every news source looked at the same G20 and everyone of them saw the same thing: That the G20 refused to call China a 'currency manipulator' out of political considerations, not technical ones. Even your Canada said so.

Looks like it is YOU who needs to take that basic economics class.

The world must be thankful of America for exporting inflation. China had to raise the Yuan to counter the effects of inflation, now that is being stabilized, just don't get mad and jumpy when China makes efforts to limit the yuan's appreciation again.

China, as the second largest economy needs to be responsible and therefore cannot act irresponsibly (we are not America), a rapid rise of the yuan will not only harm our own economy, but also of the ones dependent on Chinese exports. It also makes sense that China protects its own interests first, just like how America have done and always have.

Our? Please...!!! Spare us all that 'our'. You do not contribute to China's economic growth, defense, tax coffer, or even institutional memory. Heck, for all your support for China's dictators, you are too much of a coward to live under that which you defend on the Internet. In living in Canada, you are more American than Chinese.

 

[SHAMK9]

yea, like we ever care wt usa says, pfftt, finish the pipeline as fast as possible, people need gas

 

[Abu Zolfiqar]

on Pak-Iran pipeline ---well we are kind of between a rock and a hard place


but we should remain on course......as long as the hypocritical west provides civilian nuclear assistance and supplies to non-signatories of the NPN --we dont need to bow down to dictum and threats.


my own views. . .

 

[Obambam]

Is that it? Must hurt, ain't it? That your Canada joined in the list of accusers that China is a currency manipulator.

My Canada? Your geography taking its toll?

No, we do not need to be serious about you and your arguments. The differences between Quantitative Easing and currency manipulation are glaring...

Says someone who knows ZILCH about economic and thinks Japan and the EU will snap up your debt should China decides to throw them out. I guess this "military alliance" thing has lodged into that mind of yours a bit too deeply.

- Internal vs External. The American 'quantitative easing' monetary policy was very much internally targeted against domestic problems.

You have to becareful with your choice of words here. Quantitative Easing was irresponsibly used as a tool by America to drive down long term interest rates by mass printing the dollars and flooding the market with it. This resulted in a deliberate devaluation of the dollars (currency manipulation). It was America's desperate attempt to undermine the competitiveness of China as well as its other trading partners. "was very much internally targeted against domestic problems." you say?

China's currency manipulation was mainly externally focused, as in how does the yawn fares against the <whatever currency>.

Funny how the world cared less about China's so called "Currency Manipulation" than America...erm I mean Gambit.

America have (Yet again, what a surprise) refused to label us as a currency manipulator. Regardless of how much you spin it, that day never came. Instead, America went on and accused Japan of manipulating its currency. I guess with them being the third largest economy and accepting bilateral trade to be conducted in their own currencies have greatly upset your country.
America must have been frustrated beyond belief!

I'd like to see them accuse the Koreans too of their Won, of course, the Americans love their Samsungs and LG's too much to do so.

Fact of the matter that China is your biggest creditor and supplier of common goods makes it so much harder for you to stomach. Manufacturing jobs will not return to the states regardless and it will not be able to compete with China in the things that we produce and export. When China no longer rely so heavily on the secondary sector (already happening), it will simply move on to countries such as India or Indonesia (Have fun labeling them too in the future)

Domestic consumption drove America's growth when ordinary Chinese were grubbing for food thanks to communist economic fook-ups. Today, it is American consumption (external) that ordinary Chinese need for them to leave those days of grubbing for food. China MUST have a low valuation for the yawn to sustain that growth at the expense of America's internal issues.

You can blame American capitalist "fook-ups" for that. America destroyed its own manufacturing industry and racked up a mountain of debt, is exporting inflation and is trying very hard to be funny by lecturing the world on stage that China is the cause of America's downfall.
Thanks to your country's poor economic planning that your country is now going down the pan. Keep arguing and blaming Bush, Obama, China, Rest of the world and what not. Those are the typical symptoms of a failed democracy

- Duration. The American 'quantitative easing' monetary policy is obviously short term in intention. On the other hand, China's currency manipulation predate the American's 'quantitative easing' monetary policy and require constant monitoring and actions in order to maintain the yawn's valuation against other currency. And again, it require an intense focus on external factors such as the constant REAL exchange rate instead of nominal exchange rate. Real (inflation adjusted) rates are more important than nominal exchange rates between currencies. Once this economic crisis is over, and there are recovery signs that it is, then domestic consumption will be enough to drive American growth again, as it has in the past, then there will be no more 'quantitative easing', while China must maintain the yawn's low valuation to maintain domestic growth.

For America perhaps (just you wait for them to unleash a new round of QE). The effects the last wave of QE has on the global economy is not so short term to say the least. Just look at the Euro zone, America's currency manipulation clearly did not help the likes of Greece, Italy, Iceland, Spain or Portugal. Nobody knows for sure when this economic crisis will be over, in fact more are anticipating a double dip recession, and not so optimistic of their road to recovery. Of course America would love to blame China out of convenience and shy away from developed symptoms of its poorly structured economy. Heck why not do something about Japan and South Korea too? I'd love to see how everyday Americans afford to pay for their goods as the value of the dollar declines and when faced by effects of hyperinflation.

- Response. The American 'quantitative easing' monetary policy was reactive to domestic affairs. On the other hand, China's currency has been proactive, predate the American 'quantitative easing' monetary policy, and must be long term, in order to keep the yawn's low valuation against other currencies.

Try replace the word China with America and Yuan with the dollar. You will quickly see that it works equally well both ways.
America hired you to play its role as the spin doctor now?

Are there similarities in consequences? Of course, such as possibly less costly US goods in export from said 'quantitative easing' and China's currency manipulation. But to say that the American 'quantitative easing' equals to China's currency manipulation is like saying the killing of a person in a cops-and-robbers situation, a woman vs a rapist in the middle of the night in her home, one soldier vs another soldier in combat, and an automobile accident, that all perpetrators of deaths in those situations must be treated the same. No contexts are sought, given consideration, and factored in prior to judgement in all of those situations.

A low Yuan benefits ones who imports from China, providing America stops manipulating its currency by devaluating it and increasing inflating the prices of everyday commodities. It is clear that America has done the world economy a lot of harm and is too coward to admit it.

You brought on the G20. I played your game and it turned out the G20 is not as gullible as you are. Every news source looked at the same G20 and everyone of them saw the same thing: That the G20 refused to call China a 'currency manipulator' out of political considerations, not technical ones.

The fact that America was the only one who came to the summit wagging its fingers at China about the so called "currency manipulation" issue. America was also the only one sitting there defending and tried in vain to justify its role in currency manipulation from all 19 members says otherwise.
It turned out that the G20 is not as gullible as you are and took America's word with a truck load of salt, of course they too refused to label America as a currency manipulator "out of political considerations".

Even your Canada said so.

My Canada? Oh.. you mean your "52nd state"

Looks like it is YOU who needs to take that basic economics class.

Wrong, more like a text book fail from YOU.
It's hard trying to play economist when you have no clue how the society and economy works doesn't it?

Our? Please...!!! Spare us all that 'our'. You do not contribute to China's economic growth, defense, tax coffer, or even institutional memory. Heck, for all your support for China's dictators, you are too much of a coward to live under that which you defend on the Internet. In living in Canada, you are more American than Chinese.

I have no issues defending where I come from and the fact that I have a house there which I go back to annually is enough to put your cowardice to shame. You have a reason to leave Vietnam and a reason to serve the ones who brutalized the place you came from and are now too afraid to live under. And who told you that I live in Canada? It appears that YOU have not only failed in Economics, but in Geography too!

Seeing your lack in ability to demonstrate how the market and global economy works and your failure to differentiate between the British and Canadian flag. Of course we do not need to be serious about you and your arguments.

Please spare readers of your ignorance. It is now clear to the readers that Economics is without a shadow of doubt, not your thing

 

[Pak47]

 

[Thorough Pro]

WASHINGTON: The United States said on Tuesday that a gas pipeline project Pakistan was negotiating with Iran could violate US restrictions on major financial deals with Tehran and Washington was already discussing this issue with Islamabad

We don't give a F&*# about US sanctions, to us, our interest comes first.