By Jim Campbell
June 23, 2018
The title of this article is not really new, it’s been going on for years.
A clear indication that President has gotten China’s presidents attention.
More communist sabre rattling ?
How would China benefit from entering into a trade war with the U.S.
China’s fragile economy couldn’t take it. (Source)
Both the Chinese President and the U.S. President know this to be a fact.
China knows of North Korean counterfeiting on U.S. One Hundred Dollar bills and does nothing about it.
President Xi Jinpin says China must lead way in reform of global governance.
This would be a delight if the New Word Order progressives like the Clinton’s and any in congress from the hard left could have their way.
Yep, make the U.S. Constitution subservient and let the U.N. rule the world.
Don’t hold your breath for that happening anytime soon.
It will only haven after a Third Word War with subsequent bloodshed and deaths among the oligarchs who believe they already control our lives.
At $17.419 trillion, the United States boasts the largest economy in the world and is China’s largest trading partner.
The top three exports from the U.S. to China and their total values for 2014 were oil seed, fruit, grain, seed, etc. ($14.9 billion); unspecified commodities ($14.9 billion); and vehicles other than railway and tramway ($13.3 billion). (Source)
North Korea immediately is capable of making millions/billions of U.S. One hundred-dollar bills that defeat the above system.
The U.S. Secret Service is best known for guarding the President of the United States. Most of us have seen the agents in dark glasses shadowing the President, scanning the surroundings for any possible threats.
But few people may know that the U.S. Secret Service was created to combat counterfeiting. And it may come as a surprise that half of the Secret Service staff today is dedicated to investigating counterfeit currency.(Source)
Trump isn’t all wrong about China’s currency manipulation.
The Trump administration has come out firing against two major U.S. allies recently, accusing them of currency manipulation.
Every other country lives on devaluation, including the United States, that’s the ugly side of inflation. that typically is in play under administrations run by Democrats.
Look at what China’s doing, you look at what Japan has done over the years.
They…play the money market, they play the devaluation market and we sit there like a bunch of dummies.
Meanwhile, Trump economic adviser Peter Navarro told the Financial Times that Germany’s trade surplus is a sign that the euro is “grossly undervalued.”
Are Trump and his advisers right?
In some ways, yes; in some ways, no.
Higher probability of a major yes on this one.
There’s no doubt that China manipulates its currency.
The country ties the value of its currency, the renminbi (also called the yuan), to the value of a weighted average of other currencies; it can only trade within a narrow band set by the government.
If market forces try to push the yuan out of that range, the government trades in the foreign-exchange markets until the currency is back within its bounds.
During the 2000s, when the yuan was firmly pegged to the U.S. dollar, almost everyone agreed that China’s currency was substantially undervalued.
This helped China to maintain a large trade deficit with the U.S. — China shipped goods to the U.S., and the U.S. wrote China IOUs in return.
That trade deficit contributed to the massive economic dislocation that we now call the China Shock.
U.S. workers were hurt, even as the U.S. repeatedly refused to label China a currency manipulator.
Trump is probably right that we were dummies. (Source)
In addition, North Korea has developed the technology to immediately begin counterfeit U.S. one-hundred dollar bills as the moment the new plates are developed bu the U.S. Treasury Department, so perfectly
BEIJING (Reuters) – China must lead the way in reforming global governance, the foreign ministry on Saturday cited President Xi Jinping as saying, as Beijing looks to increase its world influence.
China has sought a greater say in global organizations such as the World Bank, the International Monetary Fund and United Nations, in line with its growing economic and diplomatic clout.
Since taking office in late 2012, Xi has taken a more muscular approach, setting up China’s own global bodies like the Asian Infrastructure Investment Bank .
He launched his landmark Belt and Road project to build a new Silk Roa Beijing has cast itself a responsible member of the international community, especially as President Donald Trump withdraws the United States from agreements on climate change and Iran, and as Europe wrestles with Brexit and other issues.
Music to my ears !
China must “uphold the protection of the country’s sovereignty, security and development interests, proactively take part in and show the way in reform of the global governance system, creating an even better web of global partnership relationships”, Xi said in comments reported at the end of a two-day high-level Communist Party meeting.
This would help create conditions for building a modern, strong socialist country, the ministry cited him as saying at the meeting attended by officials from the foreign and commerce ministries, the military, the propaganda department and the Chinese embassy in the United States.
While Xi did not provide details, the statement cited him as mentioning the importance of the Belt and Road, and other key diplomatic platforms like his “community of common destiny”, a lofty concept meant to guide China’s relations with the world.
This proposes a “new style” of international relations is proposed that is “win-win” and of “mutual benefit” for all, but many Western nations remain critical of China’s behavior over issues such as the contested waters of the South China Sea.
Xi added that China must strengthen its relations with developing nations, who he described as natural allies, but also learn from all other nations.
He made no direct mention of issues like the trade dispute between China and the United States, North Korea, or self-ruled Taiwan, claimed by Beijing as its own and considered China’s most sensitive territorial and diplomatic issue.