Chinese President Criticizes Fed Reserve, Questions U.S. Dollar
- Posted on January 17, 2011 at 9:45am by
Jonathon M. Seidl
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Ahead of a visit to Washington this week, Chinese President Hu Jintao criticized the Federal Reserve for dollar devaluation and called the current international currency system — which features the U.S. dollar — a “product of the past.”
The Wall Street Journal and Washington Post submitted questions to Jintao and received responses to seven of those questions. The responses included critical comments about U.S. economic policy.
From the WSJ:
Mr. Hu also offered a veiled criticism of efforts by the U.S. Federal Reserve to stimulate growth through huge bond purchases to keep down long-term interest rates, a strategy that China has loudly complained about in the past as fueling inflation in emerging economies, including its own. He said that U.S. monetary policy “has a major impact on global liquidity and capital flows and therefore, the liquidity of the U.S. dollar should be kept at a reasonable and stable level.” [...]
Mr. Hu’s veiled criticism of the Fed reflects widespread feelings among developing nations that U.S. interest-rate policy is devaluing the dollar, prompting flows of capital overseas and creating inflation elsewhere. China and other developing countries would like the Fed to factor in those consequences when it makes decisions. Fed officials counter that their mandate is to bolster the U.S. economy and that a stronger U.S. economy is in the interests of China and other countries, which depend heavily on trade and investment from the U.S.
As the dollar loses value internationally, Jintao also took the opportunity to attack the currency’s supremacy in foreign exchange. “The current international currency system is the product of the past,” he told the WSJ.
China’s recent actions solidify that sentiment. At the end of 2010, the country struck a deal with Russia that dismissed the U.S. dollar as the medium of exchange between the two countries.
China’s concerns over the U.S. dollar are understandable. According to the WSJ, China’s holdings of dollar reserves reached $2.85 trillion at the end of 2010.
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Comments (131)
Lone Star1
Posted on January 17, 2011 at 10:50amWe have forgiven the debt of so many countries over the years, maybe it’s time for them to do the same for us. Don’t hold your breath….
Report Post »DevotedDad
Posted on January 17, 2011 at 10:38amSorry, here is the link –
http://www.youtube.com/watch?v=nI-BIVWlc7A&feature=related
Report Post »Werkovart
Posted on January 17, 2011 at 10:37amGive China for our debt, Puerto Rico, U.S. Virgin Islands, and Guam and call it quits.
Report Post »RN MOM
Posted on January 17, 2011 at 10:46amYou forgot California!
Report Post »Patriots Fan
Posted on January 17, 2011 at 11:22amGive them a swath of the Mexican border and watch just how quickly they stop illegal border crossings!
Report Post »chuck_wagon
Posted on January 17, 2011 at 11:38amI say throw in Illinois, New York and barak obammy and you have a deal.
Report Post »conservativeheeler
Posted on January 17, 2011 at 11:41amAlmost like playing Monopoly on a global scale, haha. I kinda like the idea except for one reason: We can’t afford any communist country having military installations so close to our borders. We might be the most superior military force in the world but perhaps our strongest assets is having our enemies so far away. Giving China these countries would be like anchoring communist aircraft carriers just outside our border. I think our military might buy us some time (if it hasn’t already) to deter China from making demands or ultimatums for the 2.85 trill we owe them.
Report Post »Non-sequitur
Posted on January 17, 2011 at 1:20pm“I think our military might buy us some time (if it hasn’t already) to deter China from making demands or ultimatums for the 2.85 trill we owe them.”
China will not attack its greatest trading partner. It has literally nothing to win by doing so. IF they wanted America to crash they could do it without firing a single shot. They’d just need to make it known that China will stop lending to America. But as I said, we’re way too profitable to them. You can milk a cow for years or eat its meat for a few days.
Report Post »conservativeheeler
Posted on January 17, 2011 at 3:11pm@NON-SEQUITUR What happens when we aren’t profitable to them anymore? When our dollar is useless and their economy suffers because of it, do you think they will be so understanding? That’s when they no longer have a reason to be friends with us. They will say pay, we will say we can‘t because we are too far in the whole and don’t have the gold to back it up. Our relationship is based on the flow of goods, merchandise, and money. When the milk from the US cash cow dries up, the Chinese are going to take us behind the barn and “take action”.
Report Post »DevotedDad
Posted on January 17, 2011 at 10:37amOur way of life is going to change overnight when the rest of the world stops using the US Dollar.
Although the video is very long concerning how this will happen, it is right on the money. Glenn has been predicting this all along and this video also shows how our whole way of life will be turned upside down with no advanced warning.
If you are tight on time, go to the 6 minute mark.
If you can tell me that this is not currently happening, you are as delusional.
I am scared for the future of my children. I think you should be too.
Report Post »mamawalker
Posted on January 17, 2011 at 10:48amso true and those who don’t prepare will be in much more trouble than they ever imagined. My family is preparing for the worst and praying for the best.
Report Post »hang ten
Posted on January 17, 2011 at 10:36amAudit the Fed, go Ron Paul.
Report Post »TheBMT
Posted on January 17, 2011 at 12:30pmOdd isn’t it. Ron Paul was the ONLY one talking about the Federal Reserve in the 2008 election. Maybe that “crazy, old, kook” knew exactly what was going on and was being honest to the American people.
Report Post »MontanaRob
Posted on January 17, 2011 at 10:35amHey, I‘ve been criticising the Fed and questioning the Dollar’s value nearly all of my life. Welcome to the club!
Report Post »Silat
Posted on January 17, 2011 at 10:35amThe Yuan?
Report Post »What a joke! You can’t exchange the Yuan for a HG Dollar in a Hong Kong. It is useless outside of China.
Hoosier Daddy
Posted on January 17, 2011 at 10:27amAlthough it’s been pretty much a failure, the institution of the Euro was the first step in designing a common global currency. Why? If all nations use the same currency, what need do we have for individual nations and that quaint political concept will whither and die. I do believe the ultimate goal of the UN is one-world government. Even without the dire biblical implications, that would be death for the American way of life, American exceptionalism and the American dream. I am reminded of a line from The Incredibles: When everyone is super, no one is.
Report Post »BTnonstop
Posted on January 17, 2011 at 10:27amDisband the Fed Reserve Bank. Work back to a precious metal backed monetary system. We are no longer the super power on this planet.
Report Post »TheBMT
Posted on January 17, 2011 at 12:29pmNot that we can’t be the super power again. But we shouldn’t feel entitled to be it just because we are America. Its time to wake up and get back to being hard workers and smart citizens. Letting this Federal Reserve system destroy our dollar just so we can have STUFF, is just lunacy.
Report Post »santramir
Posted on January 17, 2011 at 10:26amthe real core issue of the money issue? : central banks on private hands.
Report Post »WatchingThePuppetShow
Posted on January 17, 2011 at 10:22amFolks I am not trying to sound condescending – but please try to wrap your heads around this…the people that are calling the shots, and that’s not the people in Washington, are intentionally crashing the dollar. They have a greater plan and that is of course a one world currency for their One World Government (NWO). We as American’s have a difficult time understanding the relationship of the IMF, Federal Reserve along with all the other subordinates underneath these powerful people. The only thing that will change their course is the divine intervention of God. So in the mean time pray and prepare – Gold, Silver, Dry Food, Ammo and Wood burning stove if you live in a cold climate.
Here is an excellent, very readable explanation of how the Federal Reserve affects our lives on a daily basis: http://globalperspectives.info/our-perspective-blog/economics-blog/2259-guest-post-if-the-federal-reserve-had-not-been-created-zh
Report Post »rdk
Posted on January 17, 2011 at 10:20amThe Chinese President Hu Jintao has the interest of China in mind and that is all. It is only the USA that wants to save the world.
Report Post »inexiletill2012
Posted on January 17, 2011 at 10:18amTrade our IOU’s for Taiwan
Report Post »missmarie
Posted on January 17, 2011 at 10:14amThis is inevitable, discussion around the world has been moving this way for some time now. While our elected elite are playing “R vs D”, while the media strings us along and creates a climate of division by religion or race or social-economic status, while the politically minded citizens blame each others ideologies, while the progressives are putting a non-recoverable infrastructure in place, the economy slips further into the abyss.
Report Post »Lucy Larue
Posted on January 17, 2011 at 1:20pmHey Miss Marie,
Good post, good points!
I just do not agree that this is inevitable. Not as long as the citizens of this Republic stay AWAKE and keep educating themselves on the dangers this Republic faces.
I understand that this nation is being assailed on so many fronts that it‘s hard not to run around like a chicken with it’s head cut off but , tiny baby steps, tiny baby steps, that everyone can do. Start with REPEALING Obamacare!
Here’s a little something to file away under “good to know”. A million seconds is about 111/2 days. A billion seconds is 32 years. A trillion seconds is 32,000 years,( from the children’s book,”How Much is a Million?”) by Dave Schwartz.
Our debt is over 14 trillion dollars!
REPEALING OBAMACARE IS THE BIGGIE.
It must be done or we’ll never pay down our debt.
There are 21 Senate Dems up for reelection in 2012, AND two independents. I don’t know who they all are but I DO know that McCaskill of Missouri,Cardin of Maryland, Webb of Virginia, Tester of Montana, and the Independent Lieberman of Connecticut are part of the 21. Hold their feet to the fire. Start calling and E Mailing now and do not let up. Capitol Switchboard (202)224-3121. It’s open till 7P.M..
If a BLAZER out there has a list of the 21 please post it.
We cannot sit around waiting for Superman. He “ain’t” coming! We are the Supermen. And we can change what is happening with our voices and our vote!
China still has MILLIONS of people making less than a dollar a day. They have Millions of people living without electricity, or running water. They’re not going to overtake us anytime soon.
President Hu Jintao should not be given a dinner at the White House. That‘s the ridiculous folly of the progressive’s in charge. We WILL vote them out in 2012…, but we’ll STILL have the debt!
Report Post »Reasonabiliy
Posted on January 17, 2011 at 10:13amWe ALL must sacrifice, every state, every county, every city and yes even every village Mrs. Hillary Clinton!!!
Report Post »RN MOM
Posted on January 17, 2011 at 10:45amToo bad we can’t buy Yuan! This entire house of cards that our financial institutions have created are about to fall, they have allowed unfair currency pricing schemes and unfair trade agreements continue. Most of us are not a bit surprised that we are now entering into a the decline of America. We have been asking our politicians to protect us from this and they haven’t. We are seeing evidence that this is not the true natural course of our nation, but a result of politically engineered failure. It makes sense that the congress wants us to focus on the madman in Arizona, it keeps the pressure off the madmen in DC.
Report Post »Non-sequitur
Posted on January 17, 2011 at 1:16pmI don‘t think there’s enough Hillary Clinton around to sacrifice her in every town.
Report Post »LibertyOrDeath
Posted on January 17, 2011 at 10:09amI rather eat Mandarin Oranges. Instead, we’ll have new commercials airing shortly in the US:
“Hooked on Mandarin Phonics works for me!!!”
Report Post »SecretPolice
Posted on January 17, 2011 at 10:09amShocking, no really lol
Brush up on your manderin.
Report Post »ARIZONA VETERAN
Posted on January 17, 2011 at 10:05amget the SECIU, CFL-CIO, UAW, IAM, and teachers unions in there and china would be bankrupt and wrecked in 2 years…
Report Post »ARIZONA VETERAN
Posted on January 17, 2011 at 10:07amcorrection-“SEIU”
Report Post »cnsrvtvj
Posted on January 17, 2011 at 10:10amLol. Good one.
Report Post »Ironmaan
Posted on January 17, 2011 at 10:04amBecause of Bernankes printing the Chinese have started to diversify out of the dollar and into gold and other currencies.In the past 6 mos they have for the first time allowed their population to begin buying physical gold and silver and more recently made avialable ETF type of gold. If you think its bad now, just wait. http://guerillatics.com
Report Post »TheHonestAmerican
Posted on January 17, 2011 at 10:04amThe Communists are closing in to help their dupe, Obama.
Report Post »Ironmaan
Posted on January 17, 2011 at 10:01amOnce these guys start selling our bonds, the value of the dollar’s going to tank. Gold will be the only place to protect your purchasing power. Check out the Peter Schiff video’s on http://guerillatics.com he explains it in great detail.
Report Post »ARIZONA VETERAN
Posted on January 17, 2011 at 10:06ambrass, lead and blued steel is a good investment to..
Report Post »TexasCommonSense
Posted on January 17, 2011 at 10:19amARIZONA VETERAN, good one! I have significant holdings in said investments.
Report Post »Marcobob69
Posted on January 17, 2011 at 10:00amDo you blame them? How much does the US owe them? I’d be scratching my head also looking at the way this country is being run! Let’s work TOGETHER to get this country back to prosperity and retake our place as the No.1 country on the planet!!! The rest of the world should be owing US $$$$, not the other way around!!!
Report Post »oldoldtimer
Posted on January 17, 2011 at 10:31amHow much do we owe????? $167 TRILLION. Debt and unfunded debts. More than the GDP of the entire world. We are sunk. Theye is no way to pay for future entitlements. None of the entitlement porograms take into account the massive inflation this country g=has experienced since the creation of the Fed. 2500% inflation in 97 years. A 1913 dollar is now worth 3 cents in merchandise. An ounce of gold still buys the same it did then. Two good quality suits. The same amount of flour, beans, and other foods. I can remember when a can of green beans was 5cents and I am not that old. I bought a 30-30 Winchester in 1967 for $57. Same gun is over $300 today. We call this progress? We only had 12% inflation total for the first 135 years of this country until the Fed took control of our money.
Report Post »demint.disciple
Posted on January 17, 2011 at 10:37am@ MARCOBOB69 It’s not in the cards, Obama has a different plan.. He doesn’t think we SHOULD be the number one country.. He thinks we should be just another country… He and the left don‘t want American exceptionalism that’s where all the redistribute the wealth comes from he’s not just doing it here, he”s redistributing all over the world… It is sad , we definitely have to get ahold on the situation, and turn things around..
Report Post »Creestof
Posted on January 17, 2011 at 12:20pmI said many years ago “The USA will fall without a single shot being fired…China will simply repo us.” It is sort of the same way Russia fell…they bankrupted themselves playing “keeping up with the Jones” with our nuclear arsenal.
Report Post »grandmaof5
Posted on January 17, 2011 at 9:59amTell him to call in on the “red phone” and he and Glenn can have a chat. Afterall, Glenn has been preaching to the choir for quite awhile and Washington remains clueless. Geitner is an idiot.
Report Post »TRUTHSEEKINGAL
Posted on January 17, 2011 at 11:13pmGlenn pulled the plug on the RED phone on air last weak.
He new that although “O” and crowd was watching they would never heed or make the call. One cannot deny TRUTH ,especially through their own words perpetuated on video and audio.
Report Post »snowleopard3200 {cat folk art}
Posted on January 17, 2011 at 9:58amDoes anyone else have the strong feeling that the dollar is about to take a major to mega slide down into the ground shortly? I have to wonder if China is getting warmed up for the great no more buying of US debt most of us have seen coming for a long time.
The debt ceiling is to be shortly hit, and hit hard unless things are done to bring it and the spending of the administration to heel with swiftness.
America, the dance has ended, and now the piper is calling for his dues to be paid.
We still have some time, yet not much.
Report Post »Xcori8r
Posted on January 17, 2011 at 10:03amThey will get as far away from the dollar as they can but not hurt their own economy.
That’s not good for us, but it makes complete sense.
We don’t call the shots anymore. Thank you Great Society.
Beware.
Report Post »EgoBrain
Posted on January 17, 2011 at 10:10am$579.00 is a bargain, for RosettaStones, Mandarin Chinese.
Report Post »Get yours now, before there’s a run on it.
912828Buckeye
Posted on January 17, 2011 at 10:12amThis could be the solution to our spending problem.
Report Post »If the Chi-Coms won’t lend us any more money then we will have to cut spending, yes?
7.62AirMailComeGetIt
Posted on January 17, 2011 at 10:24amHERE’S A FACT
George Soros: QUOTE
The United States Must Stop Resisting The Orderly Decline Of The Dollar, The Coming Global Currency And The New World Order. click the link……
theeconomiccollapseblog.com/archives/george-soros-the-united-states-must-stop-resisting-the-orderly-decline-of-the-dollar-the-coming-global-currency-and-the-new-world-order/comment-page-2
Oh and VIDEO EVIDENCE from his OWN MOUTH
George Soros openly discusses New World Order, SDR’s, Dollar Decline, World Currency
youtube.com/watch?v=qu18lMrFvoc
Copy & Paste Email, Re-post
KNOWLEDGE IS POWER
1 more FACT
We are a REPUBLIC Not A DEMOCRACY
wsopne [Moderator] 7 minutes ago
Report Post »Sheeplle_wakeup that youtube video on Soros interview was good, people need to watch that………That man is bad news, He put and financed Obama for one reason, to break the dollar……..
oldoldtimer
Posted on January 17, 2011 at 10:35am7.62 I think we technically ceased being a true Republic when the 17th amendment was passed. The states no longer have their voice in gov’t. That was the reason for the progressives passing the 17th. They knew the states would never go along with entitlements or unfunded mandates. Until the 17th is repealed this country will continue on its path of internal destruction. There is no longer a balance of power. The gov’t is giving its self powers never authorized by or intended by the Constitution.
Report Post »snowleopard3200 {cat folk art}
Posted on January 17, 2011 at 10:47am@7.62Airmail
Appreciate the mention of Soros, and have kept up with this same info as well in the past. Soros and his two sons are among the scariest of people in the world, they have a evil dream and are making it happen.
I have been warning people about this guy for years, and now people are paying attention around me, just as Beck has found out so much and warned us.
Report Post »1TrueOne55
Posted on January 17, 2011 at 11:19amI wonder if Soros is positioned to PROFIT!!!
Report Post »snowleopard3200 {cat folk art}
Posted on January 17, 2011 at 1:02pm@1True
Simple answer: Yes.
Report Post »Non-sequitur
Posted on January 17, 2011 at 1:13pm“If the Chi-Coms won’t lend us any more money then we will have to cut spending, yes?”
In a way.. we’d have to cut it by 100%.
I always liked the Mad Max movies. Maybe in this lifetime *swoons*
Report Post »NE Cowboy
Posted on January 17, 2011 at 1:19pmAlmost fell off the chair this morning after seeing this. people, DO YOU KNOW WHAT THIS MEANS!!???? It will NOT bode well for us. And yet, THE BIGGEST story of the day is at the bottom of THE BLAZE website????????????????????????????????
Report Post »watchtheotherhand
Posted on January 17, 2011 at 8:18pmThomas Jefferson
“To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude.”
— Thomas Jefferson
“The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations.”
— Thomas Jefferson
“The Democracy will cease to exist when you take away from those who are willing to work and give to those who would not.”
— Thomas Jefferson
“Experience has shown, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.”
— Thomas Jefferson
“The spirit of resistance to government is so valuable on certain occasions, that I wish it to be always kept alive.”
Report Post »— Thomas Jefferson
bbdarthchris077
Posted on January 17, 2011 at 9:57amSince the turn of the 20th century.
Hey we are out of money and in debt, solution barrow more money!
Report Post »Hey we are out of money and in debt, solution barrow more money!
Hey we are out of money and in debt, solution barrow more money!
Hey we are out of money and in debt, solution barrow more money!
Hey we are out of money and in debt, solution barrow more money!
Hey we are out of money and in debt, solution barrow more money!
Hey we are out of money and in debt, solution barrow more money!
Hey we are out of money and in debt, solution barrow more money!
TruthTalker
Posted on January 17, 2011 at 10:02amThings are going to get way worse before they get better. Prepare yourselves people.
Report Post »ARIZONA VETERAN
Posted on January 17, 2011 at 10:05am“borrow”
Ironmaan
Posted on January 17, 2011 at 10:07amOnce the Chinese stop lending to us, Bernanke will rev up the printing presses even more which will suck the value of the dollars you have saved. The monitization he is currenlty undertaking is an immoral, invisible, tax on the American people.
Report Post »http://guerillatics.com
cnsrvtvj
Posted on January 17, 2011 at 10:07amIt will be interesting to see how the administration will deal will the leader of China. It’s sad that we are in this position due to our financial condition. Being that we owe so much money to China, it makes it very difficult to get tough with them. We need to get our house in order.
http://www.donsmithshow.com – Conservative news and political humor.
Report Post »NickDeringer
Posted on January 17, 2011 at 10:11am@ARIZONA VETERAN
Report Post »I think bbdarthchris077 meant in the sense that we need wheel barrows of money to pay off our debt. ;)
mhgadfly
Posted on January 17, 2011 at 10:12amThe only way we have to control the banksters who are making record profits off the backs of us and our lineage is to keep from raising the debt ceiling. Here is a really good article that give you some idea of what the banksters have done and are doing:
http://www.businessinsider.com/zombie-money-tunisia-2011-1
SEPARATION OF CORPORATIONS AND STATE
Report Post »stop freddie, fannie and the fha
SOCIALIZM IS MASS SLAVERY
don’t raise the debt ceiling
bbdarthchris077
Posted on January 17, 2011 at 10:15am@ARIZONA VETERAN thank you “barrow”
Report Post »FED-UP-AND-READY-TO-TAKE-ACTION
Posted on January 17, 2011 at 10:20amWhere this all falls apart is the dollar no longer used to trade oil. When this happens and we have to “buy” the currency that will be the new standard our oil prices will go through the roof just like the rest of the world is now to say $5-$7 per gal. What will happen then, can you say no food…………it will cost so much to get what food there is to the stores no one can afford it. Also all other industry that is dependent on oil will be up the creek as well. This will lead our government to not be able to provide the assistance it has for so many for so long.
What then…………………..one can imagine the rioting in the streets………….THIS STORY IS SO MUCH BIGGER THAT ANYTHING POSTED HERE AT THE BLAZE IN AWHILE……………….
Report Post »demint.disciple
Posted on January 17, 2011 at 10:28amI seem to remember this as something else Glenn said was coming.. Course you know the trolls on here that say it’s fear mongering though… I’m sure they will still deny the truth.. See , Glenn warns us NOT to instill fear, but to warn us so we can get prepared.. They just don’t get it, I guess..
Report Post »I think we’re in for a world of trouble ,here..
I‘m not so sure what I’m going to do about my money, but it WILL be something I will be addressing with my family soon..
Cobra Blue
Posted on January 17, 2011 at 10:35amDah! I wonder why…could it be they are worried about the devaluation of their investment in the USA. He who has the gold makes the rules…China has the gold i.e. most capital assets…we are bought and paid for by them. So they makes the rules. No worries…when push comes to shove….when the Chinese say jump…the USA will jump. The rich RULES over the poor, and the borrower is SERVANT to the lender…..
Report Post »What-A-Joke
Posted on January 17, 2011 at 10:46amGrow a set and DO NOT raise the debt ceiling. That will force us to take the coarse needed to correct the problems we have. It would not be as catastrophic as they want you to believe. That is more spin.
Anything less, is more of the same in my opinion.
http://timnbettyp.blogspot.com/
Report Post »KICKILLEGALSOUT
Posted on January 17, 2011 at 10:54amThe Chinese are playing us along like puppets.
We are now importing so many Chinese students to our schools and especially colleges across the country that even some of our salutatorians can’t even get into college.
Report Post »Our colleges are selling us out for foreign national students. Furthermore because of the increase in foreign nationals they complain about not be able to understand clearly some of their professors so then they hire more foreign professors but then the American students then have trouble understanding the accents of the foreign teachers, what makes it worse is then the foreign students and their foreign professor then form special bonds which allow them to receive extra help and leniency and they will then talk together in their native tongue so they benefit and Americans get cast aside. Foreign students in colleges are breeding grounds for spies and espionage activities against US technology.
Chinese are probably the #2 group of ilegal immigrants in the US. Their numbers have been increasing greatly coming across the Mexican border not to mention the Northern border too because of the huge support communities of Chinese in Canada. US guns are being blamed for fueling the violence in Mexico when in fact only a small percentage are from the US, actually a great number of guns are smuggled over from China and other Asian countries in exchange for money and helping to smuggle Asian illegals across the Southern border. They also still rely upon the complex network of smuggling through shipping ports to illegally immigrate. Chinese are the #1 abusers of welfare in the country, many of the young who immigrate soon petition for their elder parents so they can immediately get them on welfare and Social Security. Chinese restaurants hold and employ the majority of Chinese illegals. Many wait until they can find a marriage scam with a Chinese American to obtain citizenship. Furthermore many of these restaurants have frequent health violations and when not being inspected they use cancerous dirty oil to cook your food with, sometimes hazardous low grade imported food and vegetables and many types of toxic chemicals in the food. It has even been said by an owner of a Chinese restaurant one time “We don’t make them come here, If they are too stupid to eat this garbage then it’s their fault, we just want to make money.”
Chinese espionage is rampant in the US! The Chinese use the grains of sand approach to espionage where if they get enough people in the right places they only need to steal small bits of information which can then be put together and used by China. They are in our top colleges, top corporations, military, military contractors, and government. You wonder how they have progressed so fast? It is because of years of successful espionage campaigns against the US and Europe. Foreign nationals should always be suspect but even Chinese Americans can’t be trusted because the Chinese foreign nationals actively target Chinese Americans in sensitive positions which if they have family back in China then they can threaten to harm them or throw them in prison unless they cooperate for the good of the motherland.
Why are our policies so lenient to China? Rarely is anyone granted a green card in China, maybe if you have been working there for 20 years and have benefited the country in some great way. Everyone else must remain on some type of short term visa most of which require you to exit the country many times a year. Compare that with Chinese students, they only need to apply one time for a visa for as long as they study. So if they want to study 8 years, they can stay 8 years, we don’t say “You must go to Canada 4 times a year” furthermore many students overstay their visa’s and nothing happens nothing is enforced here. In China you would go to jail and pay big fines for the same.
China enacts policies that require many foreign companies to set up businesses with local Chinese companies in order to steal or share technology, management and business techniques. China also has indigenous innovation policies place domestic companies first and always shut out foreign business.
China is using Americans in every way to get what they need your knowledge, your language, your technology and then will drop you like a bag of sand.
China is making billions from counterfeits that flood internet shopping sites and many small flea markets and shops. Contact ICE if you see any.
Now we want to start importing Chinese factories and Chinese teachers to our schools. Once Chinese teachers come to your community and you teach them what they need to know then they can invite their friends, family, and others who will soon start a Chinatown in your community. Another disturbing trend is how the majority of government officials local, state, and federal are taking multiple trips a year to China to try to bring Chinese business to your community. They go over and offer big taxpayer funded breaks, sell your land owned by taxpayer for almost nothing, and sometimes even give taxpayer money to help with costs. Look at many places like the big Haier plant in South Carolina. Their is major corruption in our government, just look at the Southern Governors Association (SGA) and all the deals they are trying to work with the Chinese to sell you out. You have heard the lie before “Manufacturing is too expensive to do in the US anymore we must move to China” but why is it that Chinese companies can come here and set up factories and make money? How come US companies in their own country can’t profit anymore but Chinese foreign companies can? Furthermore they want to weaken the dollar even more and make the Chinese Yuan stronger. This just helps more Chinese to come here, set up cheap land deals and buy up all our land and resources and then buy American businesses or set up their own. The crooks in government are selling America to the Chinese so they can enjoy a little power and make a little money for themselves but sell away your future and the future of America. This is all in China’s strategy, China doesn’t want to go to war with America but they will if they have to, some Chinese army officials have already been quoted that it is inevitable that China will go to war with the US in 10 years time. But if the Chinese can buy America and mass populate America they can take it for their own. Then their population problems will be solved, their pollution problems will be solved, and their resource problems will be solved when they can grab America.
You must be aware and stop the Foreign Invasion of America!
FED-UP-AND-READY-TO-TAKE-ACTION
Posted on January 17, 2011 at 11:15amKICK,
Wel said. AMAN
Report Post »1TrueOne55
Posted on January 17, 2011 at 11:18amNow it begins.
Report Post »TexasCommonSense
Posted on January 17, 2011 at 11:30amImagine how our lives would change if the US dollar were no longer the world’s reserve currency, and the Chinese Yuan took over instead. For starters, oil would no longer be priced in dollars; we would have to convert our money to Yuan to buy it. As the dollar continued to lose its value compared to the Yuan, prices for oil would increase, and increase rapidly. If that happens, we may think $4 bux per gallon is a bargain.
Report Post »oldguy48
Posted on January 17, 2011 at 11:34amironmann: get with it, that is what he has been doing for over a year. Although they “technically” aren’t printing, it is all electronic.
Report Post »UPSETVET
Posted on January 17, 2011 at 11:41amTo BBDARTHCHRISO77 I don’t know if your spelling of BORROW was incorrect or you really meant to say BARROW ? I supposed that both are appropriate, since for the USA to BORROW more money it will be necessary to WHEELBARROW it since our debt to China is already approaching $3,000,000,000,000 ( 3 trillion ). Economists have been telling us for years that China is holding too much of the American debt. China has ample reason to be concerned about a dollar collapse world wide that would have a big negative affect on it’s own economy.
Report Post »SgtHenick
Posted on January 17, 2011 at 11:43amWhen the market nose dives latter this yea GET OUT OF THE DOLLAR!!!!! I would suggest silver, gold, copper, or farm land
Report Post »GEW
Posted on January 17, 2011 at 12:28pm@FED-UP-AND-READY-TO-TAKE-ACTION
You are absolutely right. This is the biggest story actually for the world.
If the dollar is refuse for oil or as the world currency as China, Russia, an many other countries including our best new friend “France” want it to be changed, then the dollar will become totally unstable and not only oil will sky rocket but so will all other goods, because we will have to buy other currencies with a weak dollar. This is a way the world can destroy the “Imperial Americans”. And not only will send us into a tail spin but the rest of the world for sometime. Best start learning Mandarin. (forgive me if I have mis-spelled mandarin).
Report Post »docvet
Posted on January 17, 2011 at 3:20pmInteresting. Just before I went to the Blaze, I wrote to my Senators and Representative about hyperinflation possibilities. Like I told them in my letters, I couldn’t learn to read Japanese while stationed in Yokosuka, I’m not going to do any better with Chinese. All this while the House is playing patty-cake about Obamacare and ignoring future $70 pound of coffee.
Report Post »TRUTHSEEKINGAL
Posted on January 17, 2011 at 11:03pmIs that borrow?? Or maybe wheelbarow like they did in the Wiemer Republic ,wheelbarrow of cash for a loaf of bread ?
Report Post »heyjim55
Posted on January 18, 2011 at 4:04amLets hope Obama doesn’t offer China the entire 5th Fleet as payment on the debt, or a couple of aircraft carriers after all it‘s not fair that we have them and China doesn’t. My guess is Obama will beg for more loans and offer anything he can get away with after all their both Communists.
Report Post »TheLascone
Posted on January 18, 2011 at 11:30amYou know whats going on here ……
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