Good day all. There is little doubt any longer that most of the Biden Maladministration is wholly owned by the People’s Republic of China. Biden was bought by them when he was Vice President, and now we have what amounts to confirmation that Janet Yellen, the Secretary of the Treasury is just fine handing the United States over to the PRC.
Yellen has always been a Globalist, believing in a “Managed global economy” with the “Educated Elites” handling everything. She’s also incompetent. Now she’s announced that she’s just fine with China basically looting the United States. Here are the details from the Washington Free Beacon:
Treasury Secretary Janet Yellen on Thursday told Chinese vice premier He Lifeng she wants to have an “open and substantive” discussion on the U.S.-China economic relationship and affirmed that the United States “has no desire to decouple” from the Asian country.
Yellen said she has worked in recent months to establish an economic dialogue with her Chinese counterparts.
“I hope to build on this strong foundation with an open and substantive discussion over the next two days,” Yellen said. “The United States has no desire to decouple from China: A full separation of our economies would be economically disastrous for both our countries, and for the world.”
Instead, Yellen said the United States seeks a healthy economic relationship with China that benefits both countries over the long term and will raise concerns about Chinese policies that prohibit fair competition.
One of the things that the greatest President of the 21st Century, Donald Trump did was call out the PRC for their theft of intellectual property and their refusal to open their markets fully to the United States. There were other issues as well such as the use of slave labor. President Trump put import duties on Chinese goods, among other things and companies started pulling the manufacturing out of China. It’s a lot more complicated than that of course.
The Biden administration is hoping to use the meetings in San Francisco to limit the economic fallout from U.S.-Sino tensions and keep the lines of communication open on key issues. U.S. Treasury officials, however, have sought to downplay expectations for any breakthroughs.
The only breakthrough will be Biden handing over the United States economy to President Xi. The underlying issues that led to the imposition of tariffs has not been resolved. What has happened is finding out who was in bed with the Chinese Communist government.
We had a former member of Congress, Justin Amash, quit the Republican party of President Trump’s pushing back on China’s unfair trade practices. It turns out that he and his family are heavily involved with China and the tariffs really hurt them. Amash left office when it became apparent that his constituents weren’t happy with his positions. (On his knees, mouth open, face in the PRC’s lap) There are others such as Freeze Brain McConnell who are also “Soft on China.” (An aside. I have no problems with the Chinese people. SWMBO is Chinese although she has been in the States for almost 20 years now)
In her prepared remarks, Yellen said she looks forward to discussing collaboration on global challenges, from climate change to debt distress in low-income countries, adding that the U.S. and China “have an obligation to lead” on these issues.
I can see how the Chinese are going to “Negotiate” these issues.
She also said she intends to discuss U.S. plans for continued national security restrictions on certain technology exports and on U.S. investment in China.
“The United States will continue to take targeted actions to protect our and our allies’ national security. But we are also committed to communicating clearly about these actions to prevent any misunderstandings or miscalculations. And we welcome more clarity on China’s thinking and actions,” Yellen said.
Translation:
Whatever China wants, China gets. What Yellen either doesn’t know, which I don’t believe for a second, or just doesn’t care, is that any investments by United States companies into China are not safe. The Chinese Communist government can simply some in and say “All your factories are now belong to us.” If this happens, and it can happen, it will be devastating to a number of corporations such as Disney and probably Apple.
This is the problem with Yellen and way to many CEO’s. All they see is the potential of a billion+ customers and they aren’t looking at the downsides. What are those? Besides the aforementioned potential to have everything confiscated by the State, you are also seeing all of America’s manufacturing being shipped out of the United States. If bad things were to happen, how would we be able to manufacture all the systems needed to make them “Unhappen” so to speak? The answer? We wont’ be able to.
The problem with the Morons in Washington, on both sides of the aisle along with far to many “Business leaders” is that they aren’t thinking far into the future. For the politicians, it’s the next election. For businesses, it’s never more then the next quarter or two. They simply can’t think about what might go wrong. Hopefully, the next President, (Trump!), will come in and start shutting this nonsense down again.
Thatisall
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