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Enough Already - Carefully Placed Economic Propaganda Needs to Stop

April 17, 2012 | Comments: 0 | Views: 160

It seems the economic political rhetoric is already heating up as the 2012 G8 Summit meeting in Chicago approaches. Yes, there are lots to talk about; the EU crisis, Nationalizing of company oil assets in Argentina, the War on Drugs, Iranian oil, REEs, and charges of Chinese currency manipulation. Okay so, let's talk shall we?

The Wall Street Journal had an interesting article on April 16, 2012 titled; "China Loosens Grip on Yuan - Central Bank Widens Currency's Trading Range; Move Could Ease Trade Tensions," by Lingling Wei. Wei suggests in the article the following;

"China made one of its strongest moves yet to show that it believes the Yuan is ready to become a global currency by loosening daily trading limits."

Interestingly enough, if China keeps using economic stimulus strategies to prop up its GDP growth to hit its goals, then eventually their inflation will take their currency and economy through an E-Ticket roller coaster ride. So, why is China making this announcement right now? Unfortunately, all this positive so-called news and propaganda is over-shadowed by the fact that it is curiously close to the G8 Chicago Meeting in May 15-22.

Hint: The Chinese have played this card before.

By taking debating points off the negotiation table, they shield themselves from critique, thus, dodging unwanted global media criticism, while they ask for concessions from the other nations for their exports. Nevertheless, such preemptive policy changes by the Communist Chinese are always short lived and revert right back to whatever they were before the big global meeting.

Folks, this isn't working - it is not balancing trade, it's not helping the EU balance their books or get employment back up there, nor is it really making a dent here at home. The reality is that if the Yuan were to be fully in play, things would be a lot different and we could all get on with a Win-Win global economic reality. If the Chinese are willing to take this temporary hit, everyone wins, but if they do it will slow their already unsustainable GDP percentages.

It's time for the Chinese to stop worrying about percentages and start talking about the actual value of the increases in their GDP growth. China has been so busy painting itself into an economic corner, that unless they take a temporary hit not to re-adjust their monetary reality none of this is going to end well for them, or their largest trading partners - yes, that would be us included here in the states. Please consider all this and think on it.

Lance Winslow has launched a new provocative series of eBooks on Global Economics. Lance Winslow is a retired Founder of a Nationwide Franchise Chain, and now runs the Online Think Tank;

Source: EzineArticles
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Economic Propaganda


Placed Economic Propaganda


Chinese Us Relations




Trade Flow


Trade Deficit

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