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Politics : Foreign Affairs Discussion Group

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To: stockman_scott who wrote (184386)	4/4/2006 12:34:59 AM
From: Jim Willie CB	Read Replies (1) of 281500

overstrech and arrogance make for lethal mixture combine them with pushing China on yuan upgrade, tariffs we are biting the hands that feed us capital like $3 billion per day I cannot comprehend the depth of stupidity in such policy this follows seeking low-cost solutions in Asia US multinational corporations invested huge money in China they got US blessing to produce more cheaply since 2000 did you know that 60% of all Chinese exports are from foreign multinationals? a big block of that is US firms so we are importing from ourselves, by way of China pure labor arbitrage now we want China to take a higher price in higher yuan or else we slap a tariff on them (or is it us?) do these effing morons realize the US has no mfg base ? we cannot pick up slack from a more beneficial currency exchange rate my God! we are utter idiots in WashDC my suspicion is there is a group of higher level bankers above all this they will pull the plug on the current USGovt Administration / jim

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