GEITHNER ON A MISSION SUCKING UP TO THE CHINESE

With China claiming they are so worried about the value of its roughly $1.4 trillion of treasury bonds, and the mood of the Federal Reserve to print money to solve our economic ills, if I were Timothy Geithner, I would have asked Ben Bernanke to have cranked up the printing presses and dispatched a shipload of $100 bills, about trillion bucks worth and swapped the bond certificates (at a discount of course) for the cash and transferred that debt over to the Fed. My belief is the quicker we get China out of the equation the better. Why?  As I have continually stated they almost match the former Soviet Union in terms of a huge enemy with evil intentions. Example:   they have aided and abetted North Korea in its quest to become a nuclear power.

So what did our tax dodging mate do? He is simply sucking up to Premier Win Jiabao like a little lap dog. He is on a mission to seek China’s aid to co-ordinate their exit strategies together from the financial crisis. He has even gone so far as to tell the world that China as the number three global economy now is of more importance than the other G 8 countries. The world’s future rests upon America and China getting together to lead the world out of recession. On the one hand, Geithner wants to partner China in easing trade and currency tensions while laying out mutually consistent frameworks for recovery. On the other, China is demanding from the States fiscal discipline (thereby preserving the value of its bonds) and lifting President Obama’s veiled threat of protectionism.

Why in the hell are we wasting our time on China? If they are such great “partner” and everything accomplished within China was above board, G.M.’s Chinese profits from being the most popular auto domestic manufacturer should have saved them from bankruptcy, Motorola would be still a top electronics company and Microsoft wouldn’t be able to keep up with the demand for its software inside China. It is simply a fact of life, apart from the Wal-Marts and other large importers from China, no-one has ever successfully made a dime (or ever will) by selling its wares inside that country. Yes, that includes you Caterpillar, one of the most traitorous of American corporations.

Our future lies within Europe and our neighbors, particularly Central (excluding Mexico) and South America. Geithner fears if there is any discord the talks with China might rattle the bond and currency markets. After what has happened since September, that is indeed a joke. He is also reassuring China it is silly for them to show concern about the safety of their assets in America. What he should be telling them is until they show some support of America’s role as the global leader, then America will pursue taking actions that will be solely for the benefit of America. A low dollar is great for us, as it dampens demand for Imports and makes American products more competitive. When China stops pegging its currency to the $Yankee and like Japan and everyone else allows it to float, a whole new world might open up, not so much for China but every other emerging nation. I would love to see this day arrive, because instead of Obama et al apologetically and constantly kissing up to every known enemy, China and its buddies might have to learn how to kiss up to us.

In the interim we should enter a period of protectionism to stabilize our domestic economy, allow the dollar to depreciate to its lowest levels in history in order to balance the trade deficit and from this day forward choose partners who really are our friends. Isolating ourselves and shutting ourselves out from our foes will do more to bring the world back into balance than continuing to crawl up to the enemy. It has only achieved continuing to make us the laughing stock of the world. Pakistan, the Middle East and its problems should be of more concern to China than it is to us. They are almost neighbors. Let China come out of the closet and become the supporting voice and ally of Islam radicalism within Asia and the Middle East. It definitely takes a lot of gray out there and puts it into black and white. I think reality is the Taliban, Islamist radicals, Al Queda and China deserve one another as all share so much in common (and totally opposite of our values and beliefs); a hatred for democracy, individual rights and freedom. Let’s face it, how could China ever become our true friend?

Tags: Al Queda, Asia, bankruptcy, Caterpillar, China, dollar, Europe, Federal Reserve, G8, Geithner, Japan, Mexico, Microsoft, Middle East, Motorola, North Korea, Pakistan, South America, Taliban, Wal-Mart, Win Jiabao