WASHINGTON — China Monday urged Washington to lift export and investment controls directed against Beijing, saying such a move could go a long way towards conquering the steep trade imbalance between the two powers.
But in their annual bilateral dialogue, US officials continued to press Beijing over its allegedly undervalued yuan as a way to redress China's $273 billion trade surplus with the United States.
"The way to resolve this imbalance is to ease the export control regime of the United States towards China and to encourage US exports to China rather than restricting Chinese exports to the United States," Chen Deming, the Chinese trade minister, told reporters.
Chen said Washington's forex argument over the trade issue between the world's two largest economies "is not founded."
---------------------------------------------------------
It will help if the US exhibits a "pair" of guts! Negotiations with China need to be a little hardcore vs. what they have been for say 2 years (but prob. more like 20 years over certain administrations) . You really have to spine up if you are going into a room with the "new" world leaders that have been eating your lunch for for so long, and their currency manipulation allows them live a quality life while growing a country of epic proportions.
www.1mjl.com
https://twitter.com/#!/1mjl
Michael Lebb
Showing posts with label currency. Show all posts
Showing posts with label currency. Show all posts
Monday, May 9, 2011
Saturday, April 30, 2011
Today The US Dollar Is At A 3 Year Low
The dollar hit its lowest level since July 2008 Thursday, putting more pressure on savers, people living on a fixed-income and all consumers facing soaring commodity prices, most notably in energy.
Somewhere, Ben Bernanke is probably smiling.
Yes, Bernanke — and Treasury Secretary Tim Geithner — talked tough about the dollar this week but “currency depreciation is always a central bankers dirty little secret,” says Vincent Reinhart, a former director of the Fed’s Division of Monetary Affairs. “They don’t mind some depreciation at time…The trick is to generate some depreciation but not a lot.”
This is a great video explaining the games that the Federal Reserve plays with inflation and US Dollar depreciation. It is truly amazing that any institution would want to do anything like this simply by looking at the past 50 years. The Federal Reserve calls this action “quantative easing”.
Vincent Reinhart is the individual being interviewed in the video, is someone that knows what is going on in this area, and his words should be taken to heart.
Twitter @1mjl
-- Michael Lebb
www.1mjl.com
Watch This AWESOME Video!
Somewhere, Ben Bernanke is probably smiling.
Yes, Bernanke — and Treasury Secretary Tim Geithner — talked tough about the dollar this week but “currency depreciation is always a central bankers dirty little secret,” says Vincent Reinhart, a former director of the Fed’s Division of Monetary Affairs. “They don’t mind some depreciation at time…The trick is to generate some depreciation but not a lot.”
This is a great video explaining the games that the Federal Reserve plays with inflation and US Dollar depreciation. It is truly amazing that any institution would want to do anything like this simply by looking at the past 50 years. The Federal Reserve calls this action “quantative easing”.
Vincent Reinhart is the individual being interviewed in the video, is someone that knows what is going on in this area, and his words should be taken to heart.
Twitter @1mjl
-- Michael Lebb
www.1mjl.com
Watch This AWESOME Video!
Subscribe to:
Posts (Atom)