China manipulating their currency, new report

[Robert Oak]

A new report by the U.S.-China Economic and Security Commission is damning and clearly shows China doing all sorts of things, beyond currency manipulation, which are really damaging to the U.S. economy. An overview of the report is on The Economic Populist. Here's something that's really scary.

Did you know China literally changed their state secrets laws and made them retroactive? That they can jail foreign persons and companies? Nice, there is no treaty recognizing U.S. judgments and now that we have Americans and U.S. companies in China, magically we can have some report, piece of intellectual property, whatever from the vagueness of China, declared a state secret, a criminal offense!

The report also goes into why China buys so much of U.S. debt.

Wonder why China is the largest holder of U.S. debt? Two words: currency manipulation.

Raw link:
http://www.economicpopulist.org/content/report-read-china

[tabatha]

1. They are also doing bad things in Zambia.

The US was stupid to hand over its check book to them.

Thanks, Bushes.

[Robert Oak]

2. Thank Clinton too

It was Clinton who pushed through the China trade agreement. If you read the thing it's almost treasonous. So, letting China eat the U.S. economy was a bi-partisan effort.

[Art_from_Ark]

7. Don't forget Nixon

He's the one who started it all.

[madrchsod]

3. this has been common knowledge for years but...

it`s always good to have a reminder. if it was`t for the west china would still be a backward nation.

[westerebus]

5. About 3/5Th's still is.

The great communist lament: How do we keep them down on the farm after they've seen Shang-Hi?

[jtuck004]

4. You mean owners and managers who have worked to take jobs from this country

to people in China, undermining our economy in the process, might be jailed in China, for whatever reason, with no recourse
because we have no treaty?

darn that.

[upi402]

6. china will be a cruel master

our capitalists are punks in their shadow. arrogance blinds, and we let them get fat too easily.