Quote:
Originally Posted by RJSquirrel
tantrums.
I dont know if its a tantrum but its upsetting to say the least and should be upsetting to everyone.
Chinese manipulating their money again by 'pegging'. Just a big sigh from me on why they feel they have to do this. Its got some attention again as they buy up US debt using yuan to purchase USD. Printing more chinese currency to pay for it. Its very disturbing to say the least. Tantric I dont know but disturbing yes.
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I'm not saying that the Chinese government is being ethical by me posting this, but you did ask, (granted in a rhetorical manner)… And I am playing devil's advocate here.
Perhaps the Chinese government never forgot nor forgave certain Western nations for trying to weaken their national power by creating a country full of opium addicts, and when the Chinese fought back and lost the Opium Wars, certain Western nations, (the U.S. was one of those nations), took the opportunity to carve up their country and made sections of the nation into their own little properties.
China didn't become a complete sovereign nation again until the British relinquished Hong Kong back to China back in the mid to late 80's.
You know that movie with Jet Li in it called "Fearless"? That movie had some basis on a real life martial artist in China, named Huo Yuanjia, during the time when China was carved up into sections. China experienced racism in their own homeland from foreigners, and that was real.
There's a lot they can be pissed about, just sayin'.
Of course, if the above isn't it, then maybe the Chinese government just saw a good business opportunity they couldn't pass up. Just like how corporate America saw big business opportunities in China, (in particular, oh, McDonald's comes to mind). We all know full well what this kind of eating habit is doing to the US.
Just for the record, fast food chains going into China is going to destroy that nation's health care system and economy in the long run, and nobody's crying wolf over this.
Like I said, just showing the other side of the coin. It is bothersome. But hey, after all that I mentioned, is it any surprise that the US is getting a kick in the groin? Knowing a little bit about history, I'm not terribly surprised.
I'm not expecting this post to be popular with anybody, but like I said, "the other side of the coin" looks pretty dark doesn't it?