China = USA 20% to 40% Gain in Yuan

[gottatrade]

A stronger yuan would result in
1- higher gas prices for USA consumer
2- higher food prices for USA consumer
3- higher prices for chinese imports for USA consumer
4- no increase in USA jobs, cause we can't compete if they pay a chinaman $1 or $1.40 a day (or whatever piddly sum it is), it won't matter.

To the extent that it would slow the Chinese economy, the above would be tempered.

I must be missing something.

 

[zdreg]

Quote from Eight:

so he's admitting that China isn't shit without a continuous massive transfer of wealth from the US... same as Cuba and Russia... same socialist shit different decade..

you are a completely clueless american and typical.

http://www.nytimes.com/2010/09/26/opinion/26friedman.html?src=ISMR_AP_LO_MST_FB

 

[newguy05]

Quote from Signate67:

"They" never grounded it....the emperor of the day not only grounded it but had the ships dismantled and destroyed as he feared the chinese admirals of the day would gain too much popularity amongst the people and he would pale in comparison....it was basically just politics

That's only part of it, mostly it's arrogance - the feeling that there is no need to explore and make contact with the primitive nations over the sea when china was #1. So the largest(in history) and most advanced navy at the time was grounded and quickly dismantled. And i think china had a policy for hundred of years if anyone caught sailing will be put to death immediately - complete and total isolationism.

If instead, china used its 3000 ship navy to continue its exploration, it could established an empire far greater than the brits - hundreds years before europeans first set sail. We would probably be speaking chinese right now...

Of course karma never stops, soon enough when the european and american fleets showed up, china had nothing to defend against and was crushed essentially became their colonies until japan took over and killed everyone. Then themselves got nuked by the us, set the stage for communist rule. Deng xiaoping then drew a circle on the map in the middle of nowhere - what is now guangzhou(canton) and said "lets open china starting here and begin the economic revolution" almost 30 years ago - modern china was born.

The rest as they say is history...

 

[kashirin]

Quote from gottatrade:

A stronger yuan would result in
1- higher gas prices for USA consumer
2- higher food prices for USA consumer
3- higher prices for chinese imports for USA consumer
4- no increase in USA jobs, cause we can't compete if they pay a chinaman $1 or $1.40 a day (or whatever piddly sum it is), it won't matter.

To the extent that it would slow the Chinese economy, the above would be tempered.

I must be missing something.

that's exactly what we need

if we get higher prices Fed will stop printing money

They can't get inflation here because currency manipulators like brazil and china importing inflation from USA

I'm ready to pray day and night all those high prices to happen

 

[boris68]

Wen was right!china has a lot of social problems. If most of workers were loseed their job for export productions,Social unrest woullbe inevitable.
by the way ,our workers have little salary that cost less than 2dollars per hour,such wage can not give an attrction to the Amerian unemploried.

 

[joe4422]

Quote from gottatrade:

A stronger yuan would result in
1- higher gas prices for USA consumer
2- higher food prices for USA consumer
3- higher prices for chinese imports for USA consumer
4- no increase in USA jobs, cause we can't compete if they pay a chinaman $1 or $1.40 a day (or whatever piddly sum it is), it won't matter.

To the extent that it would slow the Chinese economy, the above would be tempered.

I must be missing something.

You're wrong. A stronger Chinese currency would destroy the profits of American corporations, but would bring jobs back to the USA, jobs were very much need.

We don't have free trade at the moment, it's only free for China. US goods are stolen and copied, and what can't be stolen is taxed to high heaven. Then on top of that, they cheat on their currency. That makes a bigger difference than you may think.

It means you have to add 40% to anything we export to them, and make their crap 40% cheaper, which makes a cheat spread of 80%.

If we add 80% tax to all Chinese imports, like they take their imports from us, then we would not have a budget deficit, plus it would become cheaper for many industries, like book publishers, to produce back in America.

The other problem is government regulation in America. We need to get rid of Obama, and get some one like Bush back in the office, who can get rid of all this bull shit regulation that is driving businesses away.

 

[newguy05]

most of you clueless mommy basement rednecks should becareful what you wish for.

This is getting a bit serious, china just made a solid move, the ball is now with the US, if those idiots at washington escalate the currency issue further, the situation can deteriorate pretty quickly, then we all fucked.

http://www.cnbc.com/id/39374427

 

[Random.Capital]

Quote from newguy05:

This is getting a bit serious, china just made a solid move...

That has nothing to do with the currency debate. China has been threatening to ban *all* chicken imports from the US for some time now - not for "currency" reasons - but because the USDA is actually looking at the health and safety of the resultant poultry products being exported back to the US.

 

[MohdSalleh]

Quote from joe4422:

You're wrong. A stronger Chinese currency would destroy the profits of American corporations, but would bring jobs back to the USA, jobs were very much need.

We don't have free trade at the moment, it's only free for China. US goods are stolen and copied, and what can't be stolen is taxed to high heaven. Then on top of that, they cheat on their currency. That makes a bigger difference than you may think.

It means you have to add 40% to anything we export to them, and make their crap 40% cheaper, which makes a cheat spread of 80%.

If we add 80% tax to all Chinese imports, like they take their imports from us, then we would not have a budget deficit, plus it would become cheaper for many industries, like book publishers, to produce back in America.

The other problem is government regulation in America. We need to get rid of Obama, and get some one like Bush back in the office, who can get rid of all this bull shit regulation that is driving businesses away.

those jobs would not come back to the USA as companies would just move manufacturing jobs to Vietnam and Indonesia which have already begun to take factory jobs away from China. The world is not solely comprised of China and the USA, there are many options available and unless the United States impose economic tariffs on the entire world and risks retaliation in return, turning us into an autarkic economy à la North korea, this would never work.