Politics.

[Phoenix]

Hey.

I've just been reflecting on something that I think is a major political event. The pressure being put on China to raise it's currency.

Background (for those who don't know, probably not too many.)

For many years, business's have been using China as wage- slave labour. A lot of stuff is 'made in China.' The Chinese governments and various other establishments have a great interest in this arrangement. To keep the business interest in China the Chinese have been artificially squashing down their currency conversion. The thrust of the reason why the pressure is being put on China by the IMF seems to be that China's currency is upsetting almost all others including the US and all of Europe.

Some of the trends that are most likely to follow from this are:

1: The money the Chinese civilians and upper classes are making will suddenly lead to more imports to China, possibly increasing the value of life for more Chinese.
2: Chinese entrepeneurs will suddenly start buying up western companies with this new money.
3: This might not be good for the US debt to China.

These trends could (could) lead to a significant change in the balance of power and for new interests (Chinese business) to start affecting those on the world stage. There could be shifts in culture if Chinese start buying up media industries, and those currently in power in the Western world (in the business sense) are obviously under threat.

In discussing ('if') can we keep away from things that single individuals have said about the future that essentially can't be proven (I.e. alien disclosure), thanks.

[norral]

m not sure about the currency thing but i have noticed that china seems
to be flexing their muscles on the world stage. they recently had a
dispute with japan i believe over an island which japan had to concede
to them. the real treasure is taiwan imho if they tried to heat up their
claims against taiwan that would affect the entire world as the
u.s. would obviously be involved. well see hard to say.


norral

[Phoenix]

Hey Norral.

This post of mine would have been more in place in a politics message board probably.

Yeah, China used a very manipulative way of dealing with Japan, they stopped the flow of, or maybe increased the price of rare earth metals. Also in China is Liu Xia, the nobel prize winner, and a massive effort by the Chinese government to supress any mention of him. (It seems the most this guy did was philosophy).

I suppose when we look back on China in about two years it will be a tale indeed.

[CircleofOne]

The currency issue looks to me to just be another brick in the wall of fostering an overall hatred of China by painting them as 'the enemy'. They're the Nazis of today in the minds of many Westerner's. Overall, besides the possibility of the US going to war at some point with China, I think the goal is simply to create disharmony and further illusions of separation. It's certainly fine to be aware of the issues at hand, but don't let it poison your mind with fear as they intend!