NOYB wrote:
China June trade surplus swells five-fold
Monday July 11, 8:43 AM EDT


BEIJING (Reuters) - China's trade surplus for June swelled five-fold from a
year earlier as exports grew much faster than imports, offering more
ammunition for foreign critics who argue that Beijing should let the yuan
rise in value.

The June surplus grew to $9.68 billion, exceeding forecasts of $8.0 billion
and towering above the $1.8 billion surplus recorded for June 2004.

"The very large trade surplus will give the U.S. and Europe more excuse to
put pressure on China to revalue the yuan," said Toshikatsu Kimura, greater
China economist with Daiwa Securities in Shanghai.

"China needs to import more goods and services to avoid a trade war, but it
will be very difficult to import more if it doesn't want to change its
macroeconomic policy," he said.

--------------------------------------------------------

When the trade war begins (and it will), will China attack Taiwan as a
message/warning to the US that it can't be pushed around? Or will they cave
on the yuan, and finally let it float?


I'm shocked that you are even concerned, NOYB.
That mega-billions per month trade surplus pililng up for the Chinese
is the only thing that is keeping your party's administration in power
in Washington DC. As fast as they can hand money out to Haliburton and
other special interests, (blowing past any previous record for
government spending by miles, and miles, and miles and piling up a debt
that our great grandkids will still be paying off), that's just how
fast the Chinese are buying the "paper" that
makes it possible. Pray they keep stepping up to the plate, and don't
decide to cash in all those US GOVT T bills all at once 'cause if they
do we'll all be speaking Mandarin. That's why its so important for
conservatives to shop at WalMart- that's China's main retail outlet in
the US, and corporate profits are plowed directly back into
conservative political campaigns and causes by the Walton Foundation.

Would you be willing to see the Bush regime/Republican congress topple
to "win" the trade war with China? You won't have one without the
other. You of all people should be rooting *for* China, not against it.

wrote in message
oups.com...


NOYB wrote:
China June trade surplus swells five-fold
Monday July 11, 8:43 AM EDT


BEIJING (Reuters) - China's trade surplus for June swelled five-fold from
a
year earlier as exports grew much faster than imports, offering more
ammunition for foreign critics who argue that Beijing should let the yuan
rise in value.

The June surplus grew to $9.68 billion, exceeding forecasts of $8.0
billion
and towering above the $1.8 billion surplus recorded for June 2004.

"The very large trade surplus will give the U.S. and Europe more excuse
to
put pressure on China to revalue the yuan," said Toshikatsu Kimura,
greater
China economist with Daiwa Securities in Shanghai.

"China needs to import more goods and services to avoid a trade war, but
it
will be very difficult to import more if it doesn't want to change its
macroeconomic policy," he said.

--------------------------------------------------------

When the trade war begins (and it will), will China attack Taiwan as a
message/warning to the US that it can't be pushed around? Or will they
cave
on the yuan, and finally let it float?


I'm shocked that you are even concerned, NOYB.
That mega-billions per month trade surplus pililng up for the Chinese
is the only thing that is keeping your party's administration in power
in Washington DC. As fast as they can hand money out to Haliburton and
other special interests, (blowing past any previous record for
government spending by miles, and miles, and miles and piling up a debt
that our great grandkids will still be paying off), that's just how
fast the Chinese are buying the "paper" that
makes it possible. Pray they keep stepping up to the plate, and don't
decide to cash in all those US GOVT T bills all at once 'cause if they
do we'll all be speaking Mandarin.

What will they cash them in for? US dollars? The yuan is already grossly
undervalued compared to the dollar. If China dumped T-bills, the dollar
would plummet even further relative to the yuan. China would the world's
largest holder of worthless (at least to the Chinese) money. At that point,
a US dollar wouldn't buy a piece of fake plastic dog **** from China. What
do you suppose that would do to China's economy?

On Mon, 11 Jul 2005 19:55:14 +0000, NOYB wrote:


What will they cash them in for? US dollars? The yuan is already grossly
undervalued compared to the dollar. If China dumped T-bills, the dollar
would plummet even further relative to the yuan. China would the world's
largest holder of worthless (at least to the Chinese) money. At that
point, a US dollar wouldn't buy a piece of fake plastic dog **** from
China. What do you suppose that would do to China's economy?

And just what do you suppose would happen to our economy? Our massive
trade deficit is being financed by the Chinese to the tune of $1 billion
per day. Add to that the massive Republican budget deficits, and our
side doesn't look healthy enough for any trade war. The fact is, our
economy is now too intertwined with China's for any talk of a trade war.
A trade war would hurt both sides far too much to be a viable option.

"thunder" wrote in message
...
On Mon, 11 Jul 2005 19:55:14 +0000, NOYB wrote:


What will they cash them in for? US dollars? The yuan is already
grossly
undervalued compared to the dollar. If China dumped T-bills, the dollar
would plummet even further relative to the yuan. China would the world's
largest holder of worthless (at least to the Chinese) money. At that
point, a US dollar wouldn't buy a piece of fake plastic dog **** from
China. What do you suppose that would do to China's economy?

And just what do you suppose would happen to our economy? Our massive
trade deficit is being financed by the Chinese to the tune of $1 billion
per day. Add to that the massive Republican budget deficits, and our
side doesn't look healthy enough for any trade war. The fact is, our
economy is now too intertwined with China's for any talk of a trade war.
A trade war would hurt both sides far too much to be a viable option.

Mutually Assured Destruction with economics instead of nukes? Sounds like
we're in the second Cold War already.

On Mon, 11 Jul 2005 19:23:47 -0400, NOYB wrote:


Mutually Assured Destruction with economics instead of nukes? Sounds like
we're in the second Cold War already.


LOL Pretty close to it. Although the whole theory of a "Global Market"
is that trading partners would have less antagonisms, not more. Still, it
seems to be working. Who knows what our relations would be like with
China these past thirty years? Since Nixon went to Bejing they have
seemed relatively peaceful.

"thunder" wrote in message
...
On Mon, 11 Jul 2005 19:23:47 -0400, NOYB wrote:


Mutually Assured Destruction with economics instead of nukes? Sounds
like
we're in the second Cold War already.


LOL Pretty close to it. Although the whole theory of a "Global Market"
is that trading partners would have less antagonisms, not more. Still, it
seems to be working. Who knows what our relations would be like with
China these past thirty years? Since Nixon went to Bejing they have
seemed relatively peaceful.

I see China benefitting from our trade relationship, but I don't see the
U.S. benefitting...particularly in the long run. Sure, in the short term we
have cheap toasters and microwaves available at Wal-Mart...but we've lost
tens of thousand of manufacturing jobs in the process. The advocates of
free trade with China claim that it will open up a huge market (1.6 billion
Chinese) for U.S. products...but does anybody really believe that the
Chinese will completely open their markets to foreign
products...particularly once they start building commercial airplanes, etc.?
I don't.

The Chinese have waged economic warfare on the U.S. for the past decade, and
we haven't even started to fight back.

On Mon, 11 Jul 2005 20:09:54 -0400, NOYB wrote:


I see China benefitting from our trade relationship, but I don't see the
U.S. benefitting...particularly in the long run. Sure, in the short term
we have cheap toasters and microwaves available at Wal-Mart...but we've
lost tens of thousand of manufacturing jobs in the process. The advocates
of free trade with China claim that it will open up a huge market (1.6
billion Chinese) for U.S. products...but does anybody really believe that
the Chinese will completely open their markets to foreign
products...particularly once they start building commercial airplanes,
etc.? I don't.

Hey, I didn't say I agreed with the Global Market theories. It seems to
me we are giving it away, but closing the door now is a little late and it
isn't just China. This has been going on for several decades. Look, I'm
an American and I believe in the Red, White and Blue. Multinationals with
free flowing capital only fly the $green$ flag.

The Chinese have waged economic warfare on the U.S. for the past decade,
and we haven't even started to fight back.

Fight back? Hell, we are the reason China is an economic powerhouse.
Before Nixon's visit, China was a Third World country. We opened the
door. We encouraged capital to go to China. Perhaps, we were a little
too successful.

"thunder" wrote in message
...
On Mon, 11 Jul 2005 19:23:47 -0400, NOYB wrote:


Mutually Assured Destruction with economics instead of nukes? Sounds
like
we're in the second Cold War already.


LOL Pretty close to it. Although the whole theory of a "Global Market"
is that trading partners would have less antagonisms, not more. Still, it
seems to be working. Who knows what our relations would be like with
China these past thirty years? Since Nixon went to Bejing they have
seemed relatively peaceful.

Trading partners? China is trying to take over the world and they have
chosen to do it economically. China's businesses are not independent from
government oversight and control.

We are in a hot economic war with China.

Bert Robbins wrote:
"thunder" wrote in message
...

On Mon, 11 Jul 2005 19:23:47 -0400, NOYB wrote:



Mutually Assured Destruction with economics instead of nukes? Sounds
like
we're in the second Cold War already.


LOL Pretty close to it. Although the whole theory of a "Global Market"
is that trading partners would have less antagonisms, not more. Still, it
seems to be working. Who knows what our relations would be like with
China these past thirty years? Since Nixon went to Bejing they have
seemed relatively peaceful.


Trading partners? China is trying to take over the world and they have
chosen to do it economically. China's businesses are not independent from
government oversight and control.

We are in a hot economic war with China.


If that's the case, you're getting your ass whupped daily.

We have had a deficit for a lot of past Presidents that our grandkids will
not be able to pay off. And the Iraq war, is not the biggest contributor.
Is a contributor, but our elected representatives, on all sides of the aisle
have not met a spending bill they did not like. Hell, the first Iraq
spending bill, had something like 20% pork for districts in the USA. We
have to reign in spending and the inflation in this country. 3% inflation
doubles prices in about 24 years.

wrote in message
oups.com...


NOYB wrote:
China June trade surplus swells five-fold
Monday July 11, 8:43 AM EDT


BEIJING (Reuters) - China's trade surplus for June swelled five-fold from
a
year earlier as exports grew much faster than imports, offering more
ammunition for foreign critics who argue that Beijing should let the yuan
rise in value.

The June surplus grew to $9.68 billion, exceeding forecasts of $8.0
billion
and towering above the $1.8 billion surplus recorded for June 2004.

"The very large trade surplus will give the U.S. and Europe more excuse
to
put pressure on China to revalue the yuan," said Toshikatsu Kimura,
greater
China economist with Daiwa Securities in Shanghai.

"China needs to import more goods and services to avoid a trade war, but
it
will be very difficult to import more if it doesn't want to change its
macroeconomic policy," he said.

--------------------------------------------------------

When the trade war begins (and it will), will China attack Taiwan as a
message/warning to the US that it can't be pushed around? Or will they
cave
on the yuan, and finally let it float?


I'm shocked that you are even concerned, NOYB.
That mega-billions per month trade surplus pililng up for the Chinese
is the only thing that is keeping your party's administration in power
in Washington DC. As fast as they can hand money out to Haliburton and
other special interests, (blowing past any previous record for
government spending by miles, and miles, and miles and piling up a debt
that our great grandkids will still be paying off), that's just how
fast the Chinese are buying the "paper" that
makes it possible. Pray they keep stepping up to the plate, and don't
decide to cash in all those US GOVT T bills all at once 'cause if they
do we'll all be speaking Mandarin. That's why its so important for
conservatives to shop at WalMart- that's China's main retail outlet in
the US, and corporate profits are plowed directly back into
conservative political campaigns and causes by the Walton Foundation.

Would you be willing to see the Bush regime/Republican congress topple
to "win" the trade war with China? You won't have one without the
other. You of all people should be rooting *for* China, not against it.