LCACM

China Nixes Obama's Balanced Trade Rhetoric

The Chinese government is doing what is best for the Chinese billionaires as they don't need to get elected. In the US, as our politicians need large amounts of money to get elected they try to serve only the Billionaires who make election campaign contributions. These billionaires profit immensely from one sided trade using slave labor from Communist China.

U.S. Public Assault on Renminbi Peg Likely to Backfire

Since US is a trade deficit country, it cannot lose anything if Protectionism takes hold. On the contrary it will bring back jobs to the US. Not sure why Protecting jobs is bad when every nation is spending billions on Defense. In today's world, if a nation does not protect it's jobs and manufacturing base it will lack the wherewithal to Defend itself. So Protectionism is a strong component of national Defense.

Opportunity in the Brazilian Real and Chinese Renminbi

The implication of the article is that China and Brazil seem to have very succesful economic models, and that Western Europe and US have economies that are slowly disintegrating. Is it time then to revisit our assumptions as to the types of political and economic structures that produce the most prosperity?

G20 Urges 'Balanced Global Demand'; China Says 'No'

The US voters need to wake up to perils that lie ahead caused by the huge trade deficits. A number of candidates in the Presidential primaries brought up these trade imbalance issues but did not get anywhere in the primaries. The voters preferred to vote for the media annointed Obama with help from super rich campaign donors. Now Obama has to worry about getting reelected and campaign funds. At this juncture it is safer for him to listen to the oligarchs and ignore Chinese trade malpractices, as he will be relying on the oligarchs to provide him with the necessary re-election funds. In return he will have to take orders from the oligarchs who profiteer by importing Chinese goods to take advantage of the US market.