Comments on: Obama visits Asia http://yolearnchinese.com/archives/obama-visits-asia This is my blog about my journey to Asia and all the steps I take on my way. Wed, 08 Sep 2010 11:25:09 +0200 http://wordpress.org/?v=2.8.4 hourly 1 By: Junjie http://yolearnchinese.com/archives/obama-visits-asia/comment-page-1#comment-16407 Junjie Mon, 16 Nov 2009 12:38:11 +0000 http://yolearnchinese.com/?p=994#comment-16407 A deappreciating dollar (new word learned) is only useful, as longs as the USA can sell their products for US-Dollars. If trade is done in a different currency the USA can close their doors. Sadam Hussein wanted to sell his Oil in Euros, therefore the USA bombed his country. Just a few days ago I read in the news, that the Chinese per capita GDP in 2008 was $US 6000. That's quite a lot for a country where most people are farmers. Quiet but poor? Yes and no. There are so many topics to write about.. maybe in another post. Chinese leaders making their people work for free? Yes and No. Yes, they work for really low salaries at the moment. But no, that is not their long term strategy. They want to rise into the world's top tier nations. The bottom line for me is, the USA has a bigger problem at the moment than China and if the USA doesn't make an effort, they might be left behind. Nice to have you back here Aremonus and thanks for the flowers :) I've recently decided, that I want to have a mix of thoughtful posts on the one hand and lightweight stuff on the other hand. So there is something for everyone :D A deappreciating dollar (new word learned) is only useful, as longs as the USA can sell their products for US-Dollars. If trade is done in a different currency the USA can close their doors.

Sadam Hussein wanted to sell his Oil in Euros, therefore the USA bombed his country.

Just a few days ago I read in the news, that the Chinese per capita GDP in 2008 was $US 6000. That’s quite a lot for a country where most people are farmers. Quiet but poor? Yes and no. There are so many topics to write about.. maybe in another post.

Chinese leaders making their people work for free? Yes and No. Yes, they work for really low salaries at the moment. But no, that is not their long term strategy. They want to rise into the world’s top tier nations.

The bottom line for me is, the USA has a bigger problem at the moment than China and if the USA doesn’t make an effort, they might be left behind.

Nice to have you back here Aremonus and thanks for the flowers :) I’ve recently decided, that I want to have a mix of thoughtful posts on the one hand and lightweight stuff on the other hand. So there is something for everyone :D

]]> By: Aremonus http://yolearnchinese.com/archives/obama-visits-asia/comment-page-1#comment-16394 Aremonus Mon, 16 Nov 2009 00:04:13 +0000 http://yolearnchinese.com/?p=994#comment-16394 I don't really trust Obama yet, but the man will earn my respect if he really manages to address to the most important economical problems in the usa within the next few years. The only problem about the current situation is, that neither the USA nor China really have the need to change it. If the US-Dollar deappreciates further, Americans are going to buy more products at home and more American products can be sold abroad, so it's good for the rich and powerful in the States. China is facing the same situation: with a deappreciating Dollar, the Yuan also gets cheaper (as it's bound to the Dollar) and Chinese economy grows, keeping people quiet (but unfortunately also poor). Anyway, I hope that Chinese leaders don't always want to let their country work for the USA literally for free and are going to solve this problem by giving more freedom to the yuan. The stimulus package was a step in the right direction. What a pitty, that one third of the 400 Billion Euro landed in the pockets of the 40 richest Chinese :D BTW, Junjie, this is one of your best posts so far ;) I don’t really trust Obama yet, but the man will earn my respect if he really manages to address to the most important economical problems in the usa within the next few years.

The only problem about the current situation is, that neither the USA nor China really have the need to change it. If the US-Dollar deappreciates further, Americans are going to buy more products at home and more American products can be sold abroad, so it’s good for the rich and powerful in the States. China is facing the same situation: with a deappreciating Dollar, the Yuan also gets cheaper (as it’s bound to the Dollar) and Chinese economy grows, keeping people quiet (but unfortunately also poor).

Anyway, I hope that Chinese leaders don’t always want to let their country work for the USA literally for free and are going to solve this problem by giving more freedom to the yuan. The stimulus package was a step in the right direction. What a pitty, that one third of the 400 Billion Euro landed in the pockets of the 40 richest Chinese :D

BTW, Junjie, this is one of your best posts so far ;)

]]> By: Junjie http://yolearnchinese.com/archives/obama-visits-asia/comment-page-1#comment-16384 Junjie Sat, 14 Nov 2009 18:03:31 +0000 http://yolearnchinese.com/?p=994#comment-16384 Hello Nino, When I thought about who is following Obama closely as well, you were one of the first persons who came to my mind :) tough times for a president. Obama can really show what he is able to do now. Hello Nino,

When I thought about who is following Obama closely as well, you were one of the first persons who came to my mind :)

tough times for a president. Obama can really show what he is able to do now.

]]> By: MKL http://yolearnchinese.com/archives/obama-visits-asia/comment-page-1#comment-16382 MKL Sat, 14 Nov 2009 17:48:35 +0000 http://yolearnchinese.com/?p=994#comment-16382 I'm following his Asia tour, too. Finally an American president, who's more respected outside USA than at home. That's rare. But he was elected in the worst times possible. Then again, there was no better alternative. I’m following his Asia tour, too. Finally an American president, who’s more respected outside USA than at home. That’s rare. But he was elected in the worst times possible. Then again, there was no better alternative.

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