AMERICA Is World's Biggest Currency Manipulator, NOT China!

Elaine Meinel Supkis

The disasterous visit by Hu has ended. Nothing has changed. One thing that really steams me is how virtually every American has been told or says, China manipulates their currency. AMERICA IS THE WORLD'S CURRENCY MANIPULATOR! We take advantage of the fact that we are the top currency to buy oil and we madly print money and then use it to buy things. This is why we have a trade deficit!

WP:

By Dana Milbank
Friday, April 21, 2006; Page A02
But he wasn't okay, not really. The protocol-obsessed Chinese leader suffered a day full of indignities -- some intentional, others just careless. The visit began with a slight when the official announcer said the band would play the "national anthem of the Republic of China" -- the official name of Taiwan. It continued when Vice President Cheney donned sunglasses for the ceremony, and again when Hu, attempting to leave the stage via the wrong staircase, was yanked back by his jacket. Hu looked down at his sleeve to see the president of the United States tugging at it as if redirecting an errant child.

Then there were the intentional slights. China wanted a formal state visit such as Jiang got, but the administration refused, calling it instead an "official" visit. Bush acquiesced to the 21-gun salute but insisted on a luncheon instead of a formal dinner, in the East Room instead of the State Dining Room. Even the visiting country's flags were missing from the lampposts near the White House.

But as protocol breaches go, it's hard to top the heckling of a foreign leader at the White House. Explaining the incident -- the first disruption at the executive mansion in recent memory -- White House and Secret Service officials said she was "a legitimate journalist" and that there was nothing suspicious in her background. In other words: Who knew?

Hu did. The Chinese had warned the White House to be careful about who was admitted to the ceremony. To no avail: They granted a one-day pass to Wang Wenyi of the Falun Gong publication Epoch Times. A quick Nexis search shows that in 2001, she slipped through a security cordon in Malta protecting Jiang (she had been denied media credentials) and got into an argument with him. The 47-year-old pathologist is expected to be charged today with attempting to harass a foreign official.

OK, Bush, the man utterly obsessed with preventing Americans from saying squat diddley around him, even removing a Republican Congressional wife from the State of the Disunion speech because she wore a t-shirt that talked about troops in Iraq....let a notorious woman that everyone knows is a heckler, in "accidentally"? Hahaha. I bet the Chinese are laughing hard about this little number. Obviously, she was let in with full deliberation. The President's office knew who she was and what she would do and gave her a green card to do it and let her rage before escorting her out.

Great. Then Bush yanked at the coat of the Prime Minister of China? HUH? Good arfing grief. Why didn't he just throw up on his guest like daddy? The Bushes imagine themselves as tremendous diplomats because they literally kiss corrupt Saudi Princes? Cheney puts on dark glasses, eh? I will note that Cheney has a knack for looking undignified and ugly at public events. Like in Poland at a commemoration of the Holocaust, he looked like he came in from ice fishing or shooting lawyers.

Refusing to fly China's flag and calling the People's Republic of China the name of Taiwan's government is totally, completely, utterly irresponsible and undignified. These slights were not mistakes but deliberate provocations. This was basically a declaration of war. Yes, WWIII has begun, thank you, Bush. This is why the neocons running America shoved Russia and China together, why they are tagging Iran, why they are being so insulting. They know that America will rally to the flag if they start WWIII and if you poke a dragon in the eyeball a dozen times, the dragon might blast you with fire, right?

Then we can pretend it was their fault for reacting. What really steams me is how irresponsible America, the land running deep in the red on every level, budgetary, trade, everything, is trying to blame China, the country that has simply responded to our mad money printing to absorb the effects of inflation, blaming China for our economic woes! Every sane businessman in this sinking country MUST move ALL operations to China to avoid going bankrupt thanks to the mad money machine run first by Greenspan and now by Mr. Mad Printer Bernanke! Bernanke even rashly announced that thanks to the Chinese, we have no inflation so he can print more money and lend it to ourselves at a super-low rate thanks to our industrial and white collar base moving offshore! Whoop f----king whee!

Bush apologized to the angry Chinese leader in the Oval Office. "Frankly, we moved on," National Security Council official Dennis Wilder told reporters later. It was, he said, a "momentary blip."

Maybe, but Hu was in no mood to make concessions. In negotiations, he gave the U.S. side nothing tangible on delicate matters such as the nuclear problems in North Korea and Iran, the Chinese currency's value and the trade deficit with China.

Wilder pleaded for understanding. "Some people today want to see a quick fix to the trade imbalance," he explained. "But in the new global economy there is no quick fix."

There is no fix, period. This is because the USA has collectively decided to be utterly irresponsible. We love the present crooked system! Until someone stops us, we will continue on this destructive path. Why does the world's biggest empire play dumb? Because we can. Is playing dumb smart?

No. It is not. Vast wars have been launched by really stupid people. WWI is a prime example. The economic/diplomatic stresses that made that war so explosive could have been resolved if intelligent, sane people were running Russia, Germany, Austria and England. But they all had, as heads of state, very inbred, nearly identical in appearance, royals who were intermarried so madly, they were each other's uncles, cousins, mothers and fathers simultaneously. And they were all dumber than a box of rocks. So they blundered into WWI and blundered through WWI and set the stage for WWII.

England refused to acknowledge their empire was finis at the end of WWI and they kept the pound as the world's benchmark currency all the way through the Great Depression (um, how many historians recognize that the POUND was responsible for the world's collapse of currencies???)---even after WWII, the pound was kept as a benchmark until finally the dollar became it via simple fact of life, everyone wanted dollars to do business!

Here is an example of a stupid man acting like an infant terrible.

The meeting in the Oval Office brought more of the same. In front of the cameras, Bush thanked Hu for his "frankness" -- diplomatic code for disagreement -- and Hu stood expressionless. The two unexpectedly agreed to take questions from reporters, but Bush grew impatient as Hu gave a long answer about trade, made all the longer by the translation. Bush at one point tapped his foot on the ground. "It was a very comprehensive answer," he observed when Hu finished.

Hu's IQ dwarf's Bush's IQ. Well, a dead parrot's IQ would overwhelm Bush's intellectual talents, but still. This is the whole point! The "unexpected questions" were expected by Hu. He was not only fully prepared for it, he is quite capable of holding his own without mysterious boxes attached to his back, unlike Bush who should be impeached for cheating during the debates when he used a listening device to have answers fed to him. Bush can't even wait with a blank, dignified air like the brainless monster, Reagan! No, our little Napoleon has to angrily tap his foot and then he has to insult a world leader for giving an extended answer. One can imagine meetings to talk about strategy with this little twit. "Don't talk so much, shuddup!" He yells as he stomps around the Oval Office.

The reign of insults is going to end with a coalition of the insulted working to pull us down. And they can and they will because we stupidly decided to try to cheat everyone by giving them useless pieces of paper in exchange for physical objects. In the not-too-distant future, China will throw all our worthless paper into the world's moneystream and destroy our relative value. See? We want the yuan to be strong? This is how they will do it. Everyone will want yuan and no one will accept the One Eyed Pyramid.

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Comments

[neal]

Great commentary as usual. Keep it up!

[shrinkwrap]

I second that.
- Andrew

[Robin]

I think you are absolutely correct. WWIII, or as I like to call it World War W (Dubya), has formally begun.

I doubt that Hu will go back home and argue that China should give the US a little more currency rope. The noose is going to tighten now; and the idiots that run the country and the morons who follow them won't be able to imagine any response except war.

Starting in Iran and spreading all over the Middle East and parts of Asia, and if we are unlucky (and we are), ending here in the good old USA.

[Elaine Meinel Supkis]

The Chinese will give us more debts. They, like everyone, plan to bankrupt us and they have contingency plans for our bankruptcy. Anyone who yaps that they can't afford to bankrupt us because it will hurt THEM is not a good judge of history.

The pain this will cause them might be uncomfortable. The pain it will cause us is the end of the American empire and perhaps raging civil war.

[Alexei McDonald]

It's rarely wise to attribute the behaviour of historical personages to pure stupidity. It's also lousy history. I'd look more to the internal contradictions of the German and Austro-Hungarian Empires than I would to the supposed consequences of inbreeding among the crowned heads of Europe, for a start.

[Elaine Meinel Supkis]

Bad leaders=bad situations. Everyone knew the kings and emperors were stupid. This is why everyone was so frustrated by the inability to stop the wheels of war from turning. Always, historical forces move towards conflict and this is why having SMART leaders matters!

Rushing heedlessly in to the dark tunnel of war because one is stupid is a ridiculous tragedy. Alas, it happens a lot because stupid people inherit governments just like Bush, for example.