Comments on: Euro woes increase risk of trade wars

By: polle

polle — Fri, 21 May 2010 16:00:53 +0000

it is a monopoly game played by all the major stakeholders who push global trade to new heights. It’s all about profits – certainly not to ‘save 3rd world countries’ give me a $%@$%$#% break.

Certainly agree with ‘jbemory’. Buy local. That also means boycot mcdonalds, burger king, dennys’, target, walmart, homedepot.
scary isn’t it!Are there any mom-pops left at all?

By: linqingshan

linqingshan — Fri, 21 May 2010 12:40:51 +0000

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By: Donbasilio

Donbasilio — Fri, 21 May 2010 09:25:37 +0000

Can’t read the whole article…Right from the beginning
it says that German bans have …weakened the Euro more.
On the contrary, the Euro has stabilized and it is actually appreciating against the dollar,the pound and the Swiss frank!

Furthermore, it is surplus “transatlantic” capital that has fueled Chinese exports and it is about time for those guys to stop speculating with their profits and put them in productive investments back home again!

By: Wicki

Wicki — Fri, 21 May 2010 07:49:06 +0000

Start a trade war it will end in real war !

By: Neander

Neander — Fri, 21 May 2010 00:53:40 +0000

Adjustments are painful, however globalisation has had a growth that ressembles that of bad weeds, uncontrolled and unregulated. China took advantage of the system which Westerners have laid out in front of them, they grabbed the opportunities which were offred to them, simply because they could do so. This points to a fundamental conclusion, which that the responsibility in establishing proper trade systems, the responsibility in acheiving balance, is ours ENTIRELY. At that the West has failed in the last 2 decades, and its own greed was part of this pernicious equation.

The Chinese are collective beings, and as a collective entity they are far more coordinated than the West is where debate takes place before collective action can be taken. The Chinese are to be feared for the simple reason that they are “moral aliens”, they do not respond to our sensitivities and will not care that the Western way of life is battered to death. They focus on their own benefits, make up appearances for the sake of fooling outsiders, while their true heart is blind to the faith of the civilized world outside China’s borders.

Taking a bit of distance from such a people is nothing but good governance.

By: EdMartin

EdMartin — Thu, 20 May 2010 21:34:16 +0000

Another stimulating article, for which thanks.
I guess Euro and £ devaluation are concomitants of government dictated high wage costs. At some point another valuation has to give, whatever the direct reason (the PIGS’ excessive state consumption).
The economic limitations include the revaluation of non-domestic debt. The political limits are very obvious – the Greek holders of state ‘non-jobs’ are adamant they they are owed a living; the British illusionists equate economic wellbeing with excessive house prices (a.k.a. inflation) and the government and central bank have the explicit policy of inflating away the value of savings.
Eventually the costs are felt.
Ed Martin

By: murfster

murfster — Thu, 20 May 2010 20:58:28 +0000

Lol you are extremely stupid. China is already gearing up to compete with Boeing, Airbus and Bombardier. Their aircraft are direct ripoffs of Western models and GUESS WHAT? THEIR CURRENCY MANIPULATION WILL MAKE THEM UNCOMPETITIVELY CHEAP.

I think this whole system works because people in the west are mind numbingly stupid and fail to understand. People like you “tonydd”

By: tonydd

tonydd — Thu, 20 May 2010 19:13:17 +0000

What China is doing in world trade comes straigt from the text book……….written by the US. The US would be the biggest loser (in simple trade) of world tarrif war because I think china will be forced to divirsify into say aircraft manfacture.

Hasten slowly and keep in mind that this is all about debt. BIGGER DEBT bigger problem.

By: murfster

murfster — Thu, 20 May 2010 19:08:20 +0000

I mean our own exports*

By: murfster

murfster — Thu, 20 May 2010 19:06:47 +0000

Frankly, I think we deserve some “protectionist” measures against China’s economic warfare. What’s wrong with protecting ourselves?

All you moron aristocrats who like to kid yourselves that the current global system of *free trade* is free need to wake up. The USA allows anyone and everyone to export to them, whilst our imports pale in comparison. Many countries do not allow American imports.

Once you have walked through the gutted industrial facilities of the rust belt and other former manufacturing centers you will see the true devastation. America is rotting from the inside out our corrupt politicians, as well as the Chinese, are to blame.