Posted on 09/15/2010 6:44:42 PM PDT by blam
Yen Intervention Fans Flames Of Anti-Japanese Rage Across China
Gus Lubin
Sep. 15, 2010, 9:10 PM
Anti-Japanese rage reached the highest level in years last night in China, says The Standard.
In Guangzhou, protestors hurled beer bottles at the Japanese consulate. In Tianjin, they damaged Japanese buildings and fired ball bearings at a foreign school. In Hong Kong, activists stormed the Japanese consulate.
Even Beijing has endorsed massive protests this weekend.
Anti-Japanese sentiment has to do with a captured fishing boat and territorial protests -- but it also coincides with a yen intervention that will challenge China's export advantage.
American politicians are already siding with Japan. Rep. Sander Levin today said Chinese currency policies caused the Yen intervention, which in turn hurts American exports.
What we really don't want to see, however is an escalating currency war, which could force a dollar intervention and all sorts of chaos.
[snip]
(Excerpt) Read more at businessinsider.com ...
Interesting.
least anyone forget this is a global economic crisis.
The Nikkei is presently up 0.45% as I post. See Here.
It’s about time they go again these two. China, however, does have a lot of problems with India, Taiwan, Vietnam, and virtually all the countries in that area over territorial claims. The problem is that China cannot afford to lose
chicom bump for later.........
Their just jostling over who can devalue their currency more to gain an upper hand in exporting to the US, lucky us. /sarc
Demonstrations in Red China are not open and spontaneous, these are arranged by the PRC Communist Party and are indications of state policy. Any non authorized demonstrators are quickly arrested and disappear into the prison system or worse.
Red China is becoming a threat to its neighbors and will challenge America for world dominance very soon. Like Iran, it should be on our short list of dangerous countries that will seek to wound America and bring us down. Is Red China worth our fixation on cheap textiles, cheap gym shoes and IPods? Maybe we should reexamine our free trade policies.
We’ve already lost this round all we can do at this point is to pick who wins.
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