Category Archives: China

2010 Election, China, Economy, Politics

China Putting Mineral Embargo On The West

Have you heard? Probably not. Sad thing is, the President and the State Department probably haven’t heard either. Either that, or they don’t have the time to spend on national security and ‘our image around the world’ when the President is on the campaign trail. And where is our Secretary of State on this?

China, which has been blocking shipments of crucial minerals to Japan for the last month, has now quietly halted some shipments of those materials to the United States and Europe, three industry officials said this week.

That President Obama is so focused on political expediency to the detriment of his constitutional duties, qualifies as a dereliction of duty. Then again, he prioritizes as a community organizer would, not as a president should.

Are you feeling more secure now?

Link: China Said to Expand Rare Earths Embargo to West – NYTimes.com.

China, Economy, Europe, Organized Labor, Politics

U.S. Debt Poised to Overtake GDP

Hellooooo! Eh, no problem. According to VP Joe Biden, the stimulus bill was an absolute success.  Maybe so for labor unions, and government workers. The latter being the only job sector that has grown.

When government grows government jobs, it is adding overhead to an already broke company, or rather, country. Who pays their salaries? You do. Government employees and government jobs don’t make money, they consume it.

What happens next? Picture a snowball at the top of a hill. For the last couple years, economists were warning about out-of-control spending, deficit spending. So is China, a major benefactor of the dreamers in Washington.

The government is gambling with the future of the country, or more accurately, the future of your children and grand children. They claimed that all this spending was needed to jump-start the economy. Realists were warning that the debt is heading to an unsustainable point. They warned that when interest rates begin to rise from their all-time low, that we wouldn’t be able to make the interest payments on the debt, let alone the debt itself.

The problem is not where to get more tax revenue. The problem is where to find the guts to cut spending. Realists were telling Washington to look at Greece and Europe to see what we can expect to happen here IF we don’t roll back spending.

Well, it is starting. Interest rates on our debt is poised to rise. The time to get real has come. The time has come to put all our dreams of a socialist utopia behind us and realize the truth of the matter that, just like you and your household can’t live beyond your means, the country can’t either.

Link: U.S.’s $13 Trillion Debt Poised to Overtake GDP: Chart of Day – Bloomberg.com.

China, Iran, Politics, Russia, United Nations

Barack Hits A Hard Place, The United Nations

There comes a time when rhetoric just runs out of steam. Seems that is the case now over getting tough on Iran for its secret nuclear ambitions.

Permanent Security Council member China has joined Russia in opposing Washington’s plans to impose tough, wide-ranging sanctions on the Islamic Republic over its refusal to suspend sensitive uranium enrichment activity and open up fully to U.N. nuclear inspections.

If there ever was a legitimate reason to walk away from the United Nations club and form a ‘new world order,’ this is it.

Seems that limiting alternatives, like the Russia and China are doing, is their game. When the alternatives are limited, if tougher sanctions are off the table, the choice then becomes to let Iran develop a nuclear arsenal or go the military route, including a blockade. Whatever other sanctions could be imposed would be ameliorated by Russia and China.

It is diplomatic propaganda for Russia to characterize sanctions by the United States and the European Union and ‘other western nations’ as being unilateral if it does not include the United Nations. Clearly, they hang their hat on their puppet called the United Nations.

It’s crunch time for President Obama and Secretary of State Hillary Clinton. Their choices couldn’t be more clear. Does the United States stand with the EU and like-minded allies or will we find a face-saving way to leave the EU and the Middle East at risk and back down? I guess we will soon see exactly what Barack and Hillary mean when they speak of improving our image around the world.

Watch for yet another apology tour, while China and Russia are ROTFL.

Link: Russia warns U.S. against unilateral Iran sanctions – Yahoo! News.