Trump’s Letter to Obama: China Thinks You’re Weak

Daily Caller ^ | December 19, 2011 | Vince Coglianese

[sushiman]

Trump said on The Savage Nation today that he thinks “ the right “ ( meaning himself of course ) independent candidate could win the presidency because so many people are fed up with the D and Rs . He also feels that if he were to run that he would pull more votes from Obama than the R nominee .

[Democrat_media]

Would you vote for Trump?

[ponder life]

The US is not in decline. But rather, she is living in a world that is changing. And that change isn't bad change. What we are seeing is a rising living standard that is NOT at the expense of the existing world powers.

You brought up Trump's comment about $350 billion that is going to China. Well, many hundreds of billion are also going into the Middle East as well. Do you know why the US can continue to have trade deficits and continue to hum along? And I'm talking about prior to 2008. Between 1990 and 2008, the US economy had many years of 3-4% growth while experiencing trade deficits. Its because the dollar is the world's currency. That's why the Euro was created. It was Europe's attempt to counter the dollar.

To truely balance the global economy is to press the Chinese to do the same, make their currency global currency as well. That doesn't sound appealing to alot of Americans, but that is one of the answers. A long road for the Chinese of course.

But trade doesn't damage America's ability to produce. What it does do, though, if its too unbridled, is that it does cause class warfare within the US. Those who the Steve Jobs, Bill Gates, becoming wealthier than without free trade. This is where government (US government that is), need to step in and regulate how trade effects the internal US economy.

Rising living standards in the developing world does not necessarily have to equal lowering standard of living in the US or the developed world. It only becomes lower, when trade causes internal competition within the country to become a hardship. And as far as America goes, that has more to do with the US government than with China.

A good example would be all those dollars that go out into the world. They go out into the world, and many people out there re-invest it back into the US. The reality is, America is flush with cash. That's why interest rates are so low even now in the middle of a recesssion.

When foreigners invested those dollars back into the US, it was the financial institutions, lack of government oversight, etc. that cause the financial problems we have today.

And many people like Trump, are wealthier now than ever. I'm not spouting some liberal anti capitalistic idea. I'm not a liberal, nor am I anti-capitalistic. But that is the reality about how the flow of money works, when there is alot, and government is watching or doesn't know how to properly regulate it, when the music stop, a small group of individuals are wealther than ever before.

Japan is a good example. They have had trade surpluses for years, decades, actually. And their economy is worse the US. Have been for over 20 years and will remain that way, for at least another 20 years. And their government owes more as a percentage of GDP than the US government.

I suspect, that within Japanese society, are individuals that are filthy rich, and covertly so.

The answer to America's woes in regards to China, is not less trade with China, but MORE trade with China. But it must be REGULATED by the US government.

For example, the price of coal is going up because of China. The US has the world's largest coal reserves (three times more than Australia). Yet Australia exports three times as much coal. And the US has a larger workforce.

Natural gas shipments is another thing we could export to China.

And lets not forget the abundance of Universities in America that the Chinese see more valueable than their own. The American education system is a great export product.

And there is a host of high tech products that the Chinese are still limited from buying or accessing. Even the service of such individuals or firms, the Chinese are denied access.

And much of America's agricultural heartland is more than enough to feed Americans. I'm sure if the US leased some of the land to Chinese food companies, they could manage and higher locals (Americans) in such away that would be more nurmerous than if US companies managed them. That's not going to happen of course, as it would be politically incorrect to allow that to happen.

America is a good place to visit too. The tourism industry and the government need to work together more to promote Chinese tourism in America. There are places like Disney World, Niagra Falls, The Grand Canyon, etc. that would draw many Chinese tourists.

And lets not forget the large army of financial advisors that already advise the Chinese government, both at the national level and the local level.

And of course, US and European architectural firms have flocked to China. The US government needs to improve conditions so that the Chinese can have an easier time to tap into this American talent pool.

And as China makes the reminbi a global currency and makes their Shanghai stock exchange akin to the New York stock exchange, America will need a large labor pool of American and European trade finaciers, economists, bankers, etc.

In the end, America needs MORE trade and not less with China.

If it makes you feel any better, I dislike Chinese Nationalism just as much as American Nationalism. In the end, we all have to find a way to interact on this planet. And once again, I'm not spouting some sort of radical Kum-bai-ah thinking. I know that friction will occur between nations. But those frictions don't have to lead to war nor result in one side winning and one side losing.