US takes toughest stance toward China I have seen in my lifetime

House passes bill to take on currency manipulators ..aka China..

The U.S. House of Representatives passed the Ryan-Murphy currency devaluation bill on

Wednesday evening, which allows the government to impose tariffs and duties on exports from countries — China the likely target — that have held down their currency for artificial trade gains, but market reaction so far has been subdued.

The bipartisan bill, introduced by two Republicans, passed by a wide 348-79 margin.

“For so many years, we have watched the China-U.S. trade deficit grow and grow and grow,” Nancy Pelosi, current Speaker for the House, said in a speech ahead of the vote. “Today, we are finally doing something about it by recognizing that China’s manipulation of the currency represents a subsidy for Chinese exports coming to the United States and elsewhere.”


Paradigm shift accelerating

Every day I see about 3 to 7 stories like this about china cutting a new deal some where in the world this one is a 16 billion dollar deal with Ghana who are about to tap massive oil and gas fields, and think to myself who ever was in charge of US policy of allowing it’s own multinational corporations to ship its capital and factories out of the country and then send the goods back into the US without heavy tariffs was very foolish and not very street smart.
***
China is trying to spend it’s dollar reserves that it gained from stupid US trade policies on tangible things as fast as possible as the US devalues it’s currency.
***
China wouldn’t have all this currency to gain global leverage if the US didn’t have the lousy trade policies that allowed China to run trade surpluses that it allowed China to amass all these dollars she is spending around the globe .Now factions of the US elite are scared and trying to pass restrictive trade policies but it maybe too late to reverse course we will see.
***
China has plans for massive railway expansion into Central Asia and then the mother lode of wealth Western Europe.
***
When I read a ridiculous article about Brazil over taking the US in the Western Hemisphere one has to think the only way that this gets credence is because Brazil is really making a fortune selling to China , who got it’s burst of energy from trading with the US and extracting wealth from the US consumer.

Some Meanderings..

My writing has slowed down due some illness in my family , and increased attention to school work.
***
I am writing from a very tired state right now so if there are spelling errors etc my apologies.
***
Things that are on my mind are the nation state vs the corporation how they are interrelated and separate in regards to the United States of America.
***
The value of things from social organizations to rivers to armies to name a few.
***
How value is stored in the Dollar, Yuan, EURO , Gold and OIL.
Are we really on an oil standard as we were once on a gold standard.
***
Oil is definitely a very useful and valuable commodity.
I have read books on peak oil and it is definitely food for thought.
***
I also really enjoy geo politics and history.
***
I am currently reading a book called The Great Transformation the political and economic origins of our time by Karl Polanyi , in all honesty though I haven’t done any reading in the book in about 6 days.(ouch)
***
I am learning SQL right now. If anyone knows Oracle 11g to be exact and if anyone knows anything about joining 3 tables with and ON clause

Only rich societies embrace sloppy dress.

Such as jeans with holes in them as chic, Mohawk hair doos , pants hanging excessively low, tattoos on necks etc.
***
Poorer societies embrace the sports coat and tie, as the individuals in those socities want to maintain their dignity.
***
Unless the US changes it’s trade, tax, and financial architecture I expect to see a lot of neat dressers in the USA starting about 8 years out from now if current trends continue.
***
So for the sake of me an avowed sloppy dresser I hope the US ruling elite gets it’s act together so I a not I am not forced to wear a suit tie in the coming decades.

Brief discussions with financial wizards in my cab the last 2 weeks

Wizard 1- CFO of some type of big financial company , said we are about three years a way from recovery. He said US over built primarily in housing and commercial property sectors and was half way through working through inventory so in about 3 years we will be through inventory and will limp along at about 2% GDP until that point.

****

I say a very plausible point of view

****

Wizard 2- US not even a capitalist economy anymore really more about who you know.

****

Wizard 3- currency trader for some fancy bank or hedge fund . When I asked him was the US dollar going to be replaced by an SDR soon he said that is long ways away but thought that that the Euro would be the thing to replace the dollar.

****

I have my own opinons on all this but will mull them for awhile.

****

Look out soon for commentaries on John Coltrane vs Miles Davis, Halford Mackinder and Zbigniew Brzezinski.

Detroit Michigan NAFTA ground zero

If there is anymore damning indictment of the failures of NAFTA and most favored nation trading status given to China than the city of Detroit then I don’t know what is.
***
These trade policies helped rip the industrial heart out of the United States of America and are part of the reason we are in the precarious position we are in today.

Teddy Roosevelt and the Rough Riders

Before he became president and started busting up trusts Teddy Roosevelt and the Rough Riders duked it out in Cuba with the Spanish at the battle of San Juan Hill during the Spanish American War..
U.S took heavy casualties taking the hill because the Spanish used a type of rifle that had greater range than the Rifle used by the Americans.
One of the famous regiments involved in this battle was 10th calvary “Buffalo Soldiers” a famous regiment of African American soldiers.
Who are made famous in the Bob Marley song Buffalo Soldier.

Edward Bernays

The reason I mention Bernays here is make you aware of the type of forces working on us. Bernays’ is just an early prototype of the study and manipulation of the masses which has now come a lot farther with the the sciences of psychology, anthropology, and sociology.
***
Bernays considered himself the Godfather of modern public relations, was Sigmond Freuds nephew, born in Vienna , and graduated Cornell University USA.
***
Early in his career got his start promoting World War I , womens smoking, the over throw of Gutemala.
***
Bernays called this scientific technique of opinion-molding the ‘engineering of consent’.
***
Bernays was one of the first to attempt to manipulate public opinion using the subconscious.
***
Bernays said “If we understand the mechanism and motives of the group mind, is it not possible to control and regiment the masses according to our will without their knowing about it? The recent practice of propaganda has proved that it is possible, at least up to a certain point and within certain limits.
***
Bernays wrote a book in 1923 aptly named Propaganda that lays out his ideas. I have this book myself but haven’t had time to read it yet.
***
So be aware think critically develop the spiritual side of yourself as a defense to keep your autonomy and freedom of thought and choice.