Every day I see about 3 to 7 stories like this about china cutting a new deal some where in the world this one is a 16 billion dollar deal with Ghana who are about to tap massive oil and gas fields, and think to myself who ever was in charge of US policy of allowing it’s own multinational corporations to ship its capital and factories out of the country and then send the goods back into the US without heavy tariffs was very foolish and not very street smart.
***
China is trying to spend it’s dollar reserves that it gained from stupid US trade policies on tangible things as fast as possible as the US devalues it’s currency.
***
China wouldn't have all this currency to gain global leverage if the US didn't have the lousy trade policies that allowed China to run trade surpluses that it allowed China to amass all these dollars she is spending around the globe .Now factions of the US elite are scared and trying to pass restrictive trade policies but it maybe too late to reverse course we will see.
***
China has plans for massive railway expansion into Central Asia and then the mother lode of wealth Western Europe.
***
When I read a ridiculous article about Brazil over taking the US in the Western Hemisphere one has to think the only way that this gets credence is because Brazil is really making a fortune selling to China , who got it’s burst of energy from trading with the US and extracting wealth from the US consumer.
Tuesday, September 28, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment