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POPSChina's Push for a New Global Monetary Order The Chinese authorities find it hard to explain to its domestic public why a relatively poor developing country is lending so much to one of the world’s most affluent economies. Luo Ping, a director general at the China Banking Regulatory Commission, said “We hate you guys. Once you start issuing $1 to $2 trillion … we know the dollar is going to depreciate, so we hate you guys but there is nothing much we can do.”
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POPSThe Road to Economic Demoralization -- Going the Wrong Way
Heavy government controls at home, along with an income-leveling social policy couched in economic-recovery terms, is no way to run a railroad. At the simple stroke of a computer key, world investment flows to its most hospitable destination. That includes a reliable currency. But in President Bush's last year and President Obama's first, the United States has become a less hospitable destination for global capital. That should worry everybody. But let's first look to the China story. We know that China is already our principal banker, to the tune of nearly $1 trillion. As President Obama's record spending and borrowing continues -- he'll be the greatest bond salesman in American history -- our financial reliance on China grows daily. But that's not all. Fortune magazine recently reported that the number of U.S. companies in the world's top 500 fell to the lowest level ever, while more Chinese firms than ever made the list. Thirty-seven Chinese companies now rank in the top 50
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POPSFor its next act, the G8 will part the Red Sea That's why the Senate in 1997 voted 95-0 against any global-warming treaty that exempted developing nations like China. Now China wants none of the G8's goal for it to halve its greenhouse gases -- and the Dems are stuck with a leader who wants to save the planet.
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POPSRussia & China pose more danger than Iran & N Korea Russia and China pose more of a threat in the nuclear showdown than Iran & N Korea. Russia and China could effectively bring both Iran and N Korea's nuclear ambitions to a halt if they felt it was in each country's best interest. Since both undoubtedly consider rouge states with nuclear weapons only poses a threat to the rest of the world, not themselves, then these two nuclear powers should be viewed as outlaw nations by the rest of the world. They (Russia & China) clearly state by their actions and vetos in the UN, that they do not want a peaceful world.
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POPSIf China Stops Lending Us Money, Look Out But in Beijing on Friday, Premier Wen Jiabao told reporters that he was worried about the U.S. becoming something of a, well, deadbeat. "We have made a huge amount of loans to the United States. Of course we are concerned about the safety of our assets. To be honest, I'm a little bit worried," Wen said. "I would like to call on the United States to honor its words, stay a credible nation and ensure the safety of Chinese assets."
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POPSAre we in for a China crisis? "It's like all bubbles that occur in stock markets – you realise it's going on but you never know when the music will stop until it's too late," he said. "The experience of millions of Chinese investors is that markets can only go up. It's impossible to predict when but you can be fairly sure the stock market will have a terrible wobble." Hugh Young, the managing director of Aberdeen Asia, believes it is no longer a case of "if" but "when" a correction in the mainland market will occur, and predicts it may need to halve in value for any semblance of order to be restored.
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