Wednesday, July 29, 2009

Obama opened 2 day economic summit saying US-China ties 'to shape 21st century, I see a successful future!

US kicks off high-level policy talks with China

We must cooperate and collaborate with China! Climate change with China being a developing country has to be the most important and contentious of the issues. Unbelievably to me more important than the trillion dollars of our debt and climbing they own. Yesterday I discussed how important it is that we work hand in hand with Russia to proceed successfully into the future. Today it is China! We need them both.

As Obama tries to clean up the mess Bush made of world relations I am very pleased to see that we just had the first of its kind 2 day strategic and economic summit between the US and China. Knowing our symbiotic relationship and China's growing importance this meeting was overdue and very important for the entire world to proceed successfully into the 21st century! With Bush it was empty talk saying how important it was to work together while instigating division and expressing our superiority and our desire to do what ever we want.

US-China ties 'to shape 21st century'

Russia and China will never be the same but share the same big boat hit by huge waves

Day two of strategic and economic summit between US and China

Cooperation between China Russia and the US is critical! Obama is right to say our ties will shape the future of the 21st century. The US and China are eying each other and moving very cautiously as they try to strike a balance. A few years back I began to view our relationship with China as the most important in the world. Not because we drove each others economy but because if at the time with Bush's instigation to war with Russia China due to the fact of how our 2 economies are so intertwined that if something happened China would side with us not Russia.

I hope that never happens and I feel increasingly confident we can take the road to peace and prosperity into the 21st century with a united world. Many of you know I repeat often that Nostradamus gave us two roads to travel into the future. Bush had us on the first road, the road to war and a disastrous future for man kind. I feel increasingly confident thanks to Obama we are now on the second road, the road to understanding and a successful prosperous future.

China is our Banker as well as North Korea's immediate neighbor. They hold more than a trillion dollars in our Bonds.They have more at stake here and around the world than anyone. Stakes are now enormous! China has to be a key partner in whatever happens here, in North Korea and around the world. We can not do this unilaterally. Along with Russia China and the US must work together to shape the future of the world!

China does not seem to have the leverage they use to or I thought they had. They do have an abstract leverage! They should want to be key players here. They are our banker and we owe them trillions. Being North Korea's immediate neighbor they would be the recipient of hundreds of thousands of refugees if not more. Regardless of the past that is gone. We have to be concerned with the future now. China is key to the worlds future and is very much in the balance.

We can not do this alone! Not just Russia but we need China to help with Iran and North Korea. China holds over a trillion dollars of our debt. They make many of our products so we keep them employed and in that respect we keep each others countries going. They sell the majority of the products they make to Wal-Mart and continue to loan us money.

We are intricately inextricably interwoven in a symbiotic roller coaster relationship. I don't know if I like it or not but it works and must continue. It will get bumpy along the way but I trust like it or not our relationship will continue into the foreseeable future. I am seeing China get stronger and increasingly taking over Japan's role in Asia too. We have many differences but one important thing in common, a desire for a successful future for our two countries!

James Joiner
Gardner, Ma


Holte Ender said...

Patriot - China proves that you don't have to be a western-style democracy to be western-style capitalist society.

I'm sure Wal-Mart, Home Depot, Lowes and other giant retailers will be delighted that they will have continued access to cheap labor.

The American economy has made the Gulf States rich and now is making China rich, while we have become a debtor nation. I wish I could be as optimistic about the whole thing as you Patriot.

an average patriot said...

Hi Holte
I agree! China gets more out of our democracy than we do. They use it to keep their own system going. Maybe I should but I do not see a problem with that. To each his own as long as they do not bother us I say!

Demeur said...

That may work for a while Jim but what happens when they dump the dollar as a reserve and move to euros? If we don't get a consensus on world monetary policy we could be left holding the bag so to speak. If China demanded euros instread of dollars as payment we'd be screwed.
That may be the next premise for a war, not with guns and bombs but with money and a click of a mouse.

Weaseldog said...

China has recently announced that they are selling off foreign notes (ie: US treasuries), then giving that money away to their top corporations to be used for purchasing physical assets around the world.

It's the nightmare scenario that economists tell us will never happen.

BTW Jim, that was me on Twitter. A High School friend, sent me an invite, so I signed up. Even so, I'm not really interested in the concept at the moment. He doesn't even seem to be using it.

I can see how it could be useful for my new band if we get going. Personally though, I'm not interested in making announcements about everything I do. I don't even have a cell phone. And anyway, I've already heard all the possible phone conversations you can have on a train. They sound like whta I imagine twitter to be...

'Oh, we're pulling up to another stop. the train is slowing. Slowing. The train stopped. the doors are opening. Ok, people are getting off. People are getting on. The doors are closing. Ok, we're moving again. Tunnel ahead, I'll call you right back and keep you informed...'

an average patriot said...

Hi Demeur
I agree and we vave heard rumors before that they may do that. I really don't see that happening but of course you never know!

an average patriot said...

Hi Wease
We can only hope that is a threat with China. I really can not see them divesting themselves of the dollar now,.
Anyway I guess I must have signed up for twitter but I don't have time for that. I don't like any of that. Talking to who I want like you blogging is fine for me.
Thinking about it though, twitter would be good for you is you have a cell phone I guess. Hell this is as wired as I get. I won't even touch a ce3ll and my sons think it's funny and I'm stone age. That's good I love it!

Weaseldog said...

Yeah, I think a cell phone is a necessary tool for twitter. I don't have one, so it seems senseless...

It doesn't sound like China is making threats.

"Beijing will use its foreign exchange reserves, the largest in the world, to support and accelerate overseas expansion and acquisitions by Chinese companies, Wen Jiabao, the country’s premier, said in comments published on Tuesday.

“We should hasten the implementation of our ‘going out’ strategy and combine the utilisation of foreign exchange reserves with the ‘going out’ of our enterprises,” he told Chinese diplomats late on Monday."

an average patriot said...

No, I have not heard anything further but I heard nothing but cooperation. China realizes how critical our relationship isw in moving successfully into the 21st century regardless of who is on top and I think it will be them. I'm not going to say it!

Weaseldog said...

It sounds like China forgot to buy treasuries today.

I think cooperation is where China says 'frog', and Ben holds his ankles and hops about.

an average patriot said...

Yeah you might be right. As far as I am concerned especially under Bush our relationship with China because they were paying for everything trade and everything else was one sided. I hope both countries are beginning to see how critical it is that one hand washes the other!

Weaseldog said...

I don't see how China needs the USA over the long haul.

an average patriot said...

I only see it as a military ally and as a place to sell their goods or their entire country is screwed. They have grown because of us. With us gone besides civil war and devolution then what?

Weaseldog said...

Our citizens can't afford to buy their plastic stuff at the levels they need us to.

That's why they are selling US Treasury notes, so they can buy physical assets around the world.

What choice do they have if we can't borrow more money to by cheap plastic crap with? They have to find a way to make it in the world without us.

Perhaps they'll switch to a war economy?

an average patriot said...

I know in the past there was a push to make sure they knew how critical it was that they kept lending us money. I think of them as already being a military economy in their own country who will start spreading out.
I know Venezuela bought 18 military jets from them and rockets have been mysteriously showing up