China's Commodity Hoard (Iraq, health care, suspect, Obama)

[limapie]

I saw a similar article to the one below on Reuters a couple of days ago.
Pair this with China's push for getting the world off the US dollar and onto
an international monetary system where China's renminbi has a huge weight going into the average, and you have the collapse of the dollar.

China knows it will take a hit on the "investment" in our debt, but they
are trying to mitigate the damages and come out on top. I saw another
article that quoted them saying that they will push for 60% control or higher in all metal commodities.

And we have Obama wanting to spend a trillion on health care with no clear source for where that trillion will be coming from. Print it???

Hey you thought 08 was bad...you just wait! The recovery won't be a flat-lined "L" shape as the extremely negative, right-wing economists are predicting. It will be an upside down "V" if the US doesn't start taking note to the financial attack from China!

"China's New Commodity Hoard" by Jennifer Barry, FSU Editorial 06/12/2009

China's New Commodity Hoard
by Jennifer Barry, GlobalAssetStrategist.com | June 12, 2009

[wanneroo]

While we are fumbling around with our pants around our ankles playing with ourselves with asinine cap and tax bills, the Chinese are going to press home the advantage to isolate us economically and make us subservient to China. Once they wring us dry financially and obama opens his arms and kills our offensive military capability, they'll squeeze us militarily. Not necessarily with flying bullets at first, but they'll have us hiding in our corner while they dominate or overtake Taiwan, the Spratly's, Korea and Japan.

[thatguy1]

Originally Posted by wanneroo

While we are fumbling around with our pants around our ankles playing with ourselves with asinine cap and tax bills, the Chinese are going to press home the advantage to isolate us economically and make us subservient to China. Once they wring us dry financially and obama opens his arms and kills our offensive military capability, they'll squeeze us militarily. Not necessarily with flying bullets at first, but they'll have us hiding in our corner while they dominate or overtake Taiwan, the Spratly's, Korea and Japan.

Very true. We have been in a cyber war with China for well over a decade. We have been in an economic war with China for well over a decade. The only thing left is a military war. I suspect that would follow China's "pullout" of US investment.

Things should be interesting in the next 20 years, to say the least...

[texdav]

The chinese are lookign for toher places to invest their moeny. Besides that the stimulus plan they have is entirely in infrastructure unlike ours.they are investing in teh future and tying up all teh oil and other contracts they can.They are inveting in more and more countries that produce oil and other commodies.

[wanneroo]

The only problem with China's big ideas is rebellion is being stoked by the youth again, not to mention all the rural people out there on the edge. And they've got Tibet and the western provinces stoking fires. And they have some huge environmental problems.

So they've got a lot of internal issues but I think they are going to press home the attack on the USA.

[Mike from back east]

Originally Posted by texdav

The chinese are lookign for toher places to invest their moeny. Besides that the stimulus plan they have is entirely in infrastructure unlike ours.they are investing in teh future and tying up all teh oil and other contracts they can.They are inveting in more and more countries that produce oil and other commodies.

Recently read that China has purchased a firm called Addax, gaining access to Iraqi oil for about $16/bbl.

Meanwhile, Bush's fiasco in Iraq has cost us thousands of lives, plus a good $1T of borrowed money, and not a drop of oil.

Looks like China is cleaning our clocks....