Mike Whitney refers to this blog when talking about the goofy trade talks between the US deadbeats and the Chinese banking dragon. The ruling elites have betrayed us and in turn, the Chinese granted the Wall Street overlords access to the golden, hot Chinese stock markets so long as we don't stop this destructive trade relationship.
By MIKE WHITNEY
Treasury Secretary Henry Paulson wrapped up 2 days of high level talks with the Chinese delegation on Wednesday without any progress on the two issues of central importance to the American people"the massive $230 billion trade deficit and the ongoing manipulation of the Chinese currency, the yuan. As expected, China agreed to allow "more passenger flights between the two countries" and they also approved a plan "to remove a ban on the entry of new foreign brokerages and to allow financial services firms to expand their operations in China". (Marketwatch)
Mike is a marvelous writer who interviewed me last week. I always look forward to his stories and this latest is a good read. He points out a fact that NO major media points out but which I have reported in the past, Paulson works for Wall Street, NOT AMERICA. He is a traitor who makes deals for the super-rich at our expense.
Mike details how and why and I strongly suggest reading his latest article just for that .
But also, he talks about this news service. Heh. Kisses to Mike! Hugs, too.
I am probably the only person outside of the Chinese communist leadership who knows their long, long range plans. This is because my parents were stationed there off and on from 1976 to 1996. The Chinese didn't realize exactly how much a spy I am, I grew up spying on my spy parents, after all. And I got them to tell me what was really on their minds when some of them lived with me or visited me. They all thought they were pumping me for information when all I was doing was teaching them about banking and commerce.
A true story: some of them told me they would become real rich by gambling in Atlantic City. They all knew I got $20 a week and a free ride to the beach as the casinos tried to lure me into gambling only I never ever gamble. Having used up all my chances by being the only person on earth to survive multiple lightning strikes indoors, I literally won't 'push my luck'.
Back to the leaders of China: these people are running the trade with the US today. Back then, 20 years ago, they went happily and very haughtily to Atlantic City. Two days later, the guy who ran Shanghai's export markets since 1990, came to me, very embarrassed. He had lost every penny. None of them had any more money.
They couldn't go to the Consulate in Manhattan for help. Bang. Like, dead career! So I lent him money but he had to sign a little contract. He shovelled snow and moved trash and baby sat my son as well as cooking me lots of great dumplings. Heh.
He then had me teach him how the 'House' always wins. We played 21 which shows that game well. He then said, 'I'll be bank!' when the light turned on. I thought, 'Boy, are we in trouble now!'
Well, they are our bankers. This sucks for the US but then, we chose to go into debt. They didn't force us.
The name the Chinese gave me back then, the one their spy services used to refer to me was 'The White Bone Demon.'
The monk Xuanzhang , escorted by his disciples Monkey, Pigsy, and Sandy, start out for the Western Paradise in search of Buddhist scriptures. The pilgrims press forward on their long, hard journey. One day they arrive at the White Tiger Mountain. The ever-watchful Monkey senses danger and volunteers to go ahead as a scout. He draws a magic circle around the others and tells them to stay inside it. “Don’t accost anyone while I am away,” he says, “and don’t touch any food.”
Now in this mountain there lives the White-bone Demon, a terror even among demons. Hearing that Xuanzhang has arrived with his disciples, she decides to go down the mountain and capture him. She is delighted to find Xuanzhang in meditation and is about to spring on him when golden rays shoot out from the circle and bar the way.
Unable to enter the magic circle, the demon changes into a coy young maiden and approaches the three with a basket of steamed buns in her hand. Greedy Pigsy smells the fragrant buns and races out of the circle to greet the girl. “I’m going over to the temple to offer sacrifices,” she says invitingly. Pigsy pulls Xuanzhang along to follow her.
I overheard a secret police officer visiting my 'student's' call me that name. I shocked all of them by laughing an evil chortle and showing them my comic book from China that was about this demon. In return, they showed me a Chinese TV show about the monkey king and this demon.
The fact is, I scared them. And the other fact is, I still scare them. They are approaching us as a cute chick, batting eyelashes. But I can see through them because I am a demon, too.
And if the USA wants to be the top dog in 50 years, they better listen to me. Acting like Pigsy is STUPID. Paulson is Pigsty. And Bush is trying to be the Monkey King only he is working for the demons. He belongs to a cult that prays to the Devil that is Death. He loves demons.
U.S. Treasury Secretary Henry Paulson came to Washington with a Wall Street reputation for overcoming all obstacles in the way of a deal. He may have found the one hurdle he can't surmount: George W. Bush's damaged presidency.
On issues ranging from defusing trade tensions with China to overhauling Social Security, the former Goldman Sachs Group Inc. chief executive officer is playing down the notion of breakthroughs. Instead, he's talking about laying foundations for his successors.
None of the challenges ``avail themselves to a quick fix, but all of them we can make progress on,'' Paulson, 61, said in an interview in Washington yesterday after talks with Chinese officials that he conceded resulted in only ``incremental'' gains.
If Bush was more popular than Santa Claus and the Tooth Fairy, the results would be the same. These deals have nothing to do with popularity. And the cure: that will be very unpopular. We must raise the tax on the very rich to 90% of their gross incomes! Then we cut the military budget by 70% and bring home all the troops. Then we put up barriers and impose tariffs. And on top of this, we tax fossil fuels heavily with an energy fund for everyone in the bottom 50% of the nation, pro-rated, so they don't freeze to death or die from lack of energy and can commute.
Then require ALL houses to have solar units installed. And of course, rebuilding our rail roads and our shipping.
But none of this will happen. Americans love the role of Strassbourg Goose. We think we will get fatter and fatter and never face having our livers ripped out and eaten.