So how much did the U.S. taxpayers spend to send Obama over to Asia? It was a trip that was suppose to strengthen trade agreements and be a friendly one.China does not see it as accomplishing any strength in trade agreements and it was anything but friendly from China's eyes.
The People's Daily Chinese news site is the voice of the government there. They have an article out about how Obama's trip was a failure and possibly damaged China's and the U.S relationship.
Obama strengthened military agreements with countries that have land disputes with China, Japan, South Korea and the Philippines. China sees that has being confrontational towards them.
Obama signed a military agreement with the Philippines which China sees as especially threatening.
" ithe Obama administration 's ongoing plans to militarize issues that are rumbling n the Asia-Pacific region ",and this is "actually playing with fire ".
" We have seen Obama press the need for defense cooperation with US allies in almost every stop of his Asian trip ,which illustrates Washington 's unchanged double approach in its dealings with China —dialogue plus coercion ,"Jia said .
"China also wrote about Obama's visit in Japan and used the words that Obama and Japan are playing with Fire.The US has said on different occasions that Washington has no intention of coercive moves against China ,and it is necessary to examine the follow-up remarks and actions ,"Foreign Ministry spokesman Qin Gang said at a news conference in Beijing on Monday .
The defense deal was signed and announced "when tensions between China and its neighbors have been rising "and it is "the biggest policy achievement "of Obama 's trip to Asia ,the Washington Post commented .
Obama added that US engagement with China "does not and will not be at the expense of Japan or any other ally ".He also requested Japan 's Self-Defense Forces "do more within the framework of our alliance ".Undoubtedly ,the US is easing limits on Japan so that it can play a bigger role in constraining China ,especially military roles .America 's pursuit of its own private interests at the expense of post war peace is encouraging Japan 's excesses .Is America not concerned about bringing troubles on itself ?Of course not .Since the end of World War II ,the US has maintained a military occupation of Japan ,guaranteeing US control over the country .The incitement of Japanese actions against China is intended to constrain China and at the same time keep Japan in check ,thus increasing its reliance on the US .
The US and Japan are playing with fire in Asia .But the story is much more complicated ,given China 's situation .
Today Drudge has the headline that China will surpass the U.S. has the largest economy in the world this year. That wasn't suppose to happen until 2019.
Look at how the world views the U.S. now. They hate us. The U.S. spies on all leaders of other countries, including those who are suppose to be our closest allies. The U.S. causes internal problems for their own goals in countries: Egypt, Libya, Ukraine, Iraq, Syria... the list goes on and on.
I really believe the U.S. is trying to slit their own throat now. The stand against Russia is uncalled for, especially since the U.S. is the one behind the Ukraine revolution. I believe the U.S. knows it is completely insolvent and everything is being held by threads. The Fed. has printed who knows how many trillions of dollars. The U.S. is causing the escalation in Ukraine against Russia so they can blame Russia for the dollar demise? Is it so people will believe Russia caused the failure of the U.S. and not the U.S. government itself? What the U.S. is doing against Russia does not make sense as a whole. Russia can drop the dollar for energy trade and will have many other countries who have already wanted to do so, follow their footsteps. Countries have been afraid of dropping the petro dollar, as they have seen what happened in Iraq, Libya and any other country that dares attempts to trade energy outside of the dollar.
From all the financial experts I have spoken with when the crash comes it will be overnight. It won't be long and drawn out. The dollar will crash overnight with commodities exploding.
Speaking of commodities, China has an interesting article out about that and metals. China and Russia will be taking over the control of commodities (gold and silver) on the international stage. As the big Western banks get out of the commodity (metals) manipulation markets, China and Russia are taking over. The question is, Will they continue the smash down manipulation of the metals?
Barclays Bank ,one of the world ’s largest commodities trader ,plans to pull out of trading in base metals ,energy and agricultural products ,and fold its precious-metals business into its currency-trading unit ,as part of an effort to shrink its investment bank and improve returns .
Morgan Stanley ,Deutsche Bank ,UBS and Royal Bank of Scotland have already reduced or halted their commodities business .The above five dealers once controlled about 70percent of global commodities trading volume .Now ,emerging economies such as China and Russia are occupying the space in commodities trading ,and striving for a greater say in the action .The London Metal Exchange approved BOCI Global Commodities (UK )Ltd ,the international arm of Bank of China Ltd as its first Chinese member on April 2012.BOCI was approved for associate broker clearing membership ,whereby members do not have access to ring trading ,but can access the market by phone or electronically .In addition Guangzhou-based GF Securities ,one of the mainland 's ten largest securities firms ,acquired the London-based commodities trading unit of French bank Nataxis for 36million US dollars on August , 2013.Gu said that the participation of the emerging economies is not only conducive to keeping commodity prices within a reasonable range ,which is determined by supply and demand ,but also to regulating the market and keeping it in good order .
As China and other emerging markets take part in rule-making and gain more say in commodities trading ,at the same time they meet a growing demand for commodities .
Edit to Add: A mineweb article is out about the London Fixing of Gold and Silver Prices.
So, the ball is now in China's court with Gold and Silver with Russia having a say in it too. What will they do with the control? Will we see the explosion of prices or will we have the same manipulation of prices? Only time will tell.
**note** The copying of the articles from the Chinese site will never format properly. I have tried to get them correct but it does not work. So sorry about the formatting problem for the quotes from People's Daily.
