Thursday, December 29, 2011

Religous Violence Erupts Tughout the World As the New Year Begins

Religous Violence (INSTEAD OF PEACE)  Erupts Tughout the World As the New Year Begins: Shia v. Sunni; Jew v. Jew; Christian v. Muslim; Christian v. Christian; and Government v. the Governed  的暴力行为,而不是和平,整个世界新年伊始爆发:逊尼派什叶派诉;犹诉犹太人,基督教诉穆斯林,基督教诉基督教;和政府诉治理  لعنف بدلا من السلام ، ويثور في جميع أنحاء العالم مع بداية العام الجديد يبدأ : الشيعة ضد السنة؛ يهودي ضد يهودي، مسيحي ضد مسلم، مسيحي ضد المسيحيين، ويحكم ضد الحكومةאלימות, במקום שלום, פורצת בעולם כולו את השנה החדשה מתחיל: שיעים נגד סונים, יהודי נגד יהודי, נוצרי נגד המוסלמים; כריסטיאן נ 'נוצרי; ו נ' ממשלת הפלשתיני
Enough is Enough, and it is time for the violence to end!

"Can't we all just get along?" Rodney King (after the riots in LA)

Translations in Hebrew, Arabic, and Chinese are Below the English Text.
The Videos and Links to Other Web Sites Such as CNN and the BBC are in the English Text.

תרגומים בשפות עברית, ערבית, סינית להלן הנוסח האנגלי.
סרטי וידאו ו - קישורים לאתרי אינטרנט אחרים, כגון CNN ו-BBC נמצאים טקסט באנגלית.
ترجمة بالعبرية والعربية والصينية وفيما يلي النص الانكليزي.
وأفلام وروابط لمواقع أخرى مثل سي ان ان والبي بي سي موجودة في النص الانكليزي.

在希伯来文,阿拉伯文和中国翻译下面的英文文本.
视频和链接到其他网站,如CNN和英国广播公司(BBC)在英文文本中。


As the year ends and another begins, as the western world celebrates the joyous holidays of Christmas and Hanukkah, and as the Arab world celebrates the liberating movement of the Arab Spring, the news of the last two days is filled with amazing examples of violence which seems to evidence our inability to “Get Along.” It must stop!

We are all used to some conflicts, such as between the “Superpowers” and between Arab and Israeli, but as these old conflicts disappear, they seem to spread like a virus to every aspect of society. In fact, some of the conflicts, violence, aggression and oppression is, to be frank, mind boggling. It is saddening as it seems we can never ever move this world towards one in which people can coexist freely and peaceful, with mutual respect.

Sunday, December 25, 2011

The Time Has Come For Armed Intervention In Syria to Bashar al-Assad Committing War Crimes

The Time Has Come For Armed Intervention In Syria to Stop the Government of Syrian Dictator Bashar al-Assad from Slaughtering, Torturing, and Massacring Innocent Non-Violent Protestors لقد حان الوقت للتدخل المسلح في سورية Stop the Slaughter and The Massacre وقف المذبحة والمجزرة

Update February 7, 2012

I called for armed intervention in Syria to protect the Syrians from the tyrannical, criminal, murderous, and oppressive rule of Bashar al-Assad way back on December 25, 2011. I have always prided my Blog posts on being prescient, ahead of even the media, much less world opinion. It is now February 6, 2012. The government has resorted to shelling innocent civilians, including with indiscriminate mortar attacks. It is both emboldened by the failure of the United Nations to Act, and desperate to quash the growing rebellion, including in the armed forces.

Friday, December 16, 2011

The Forgotten Child Sex Abuse Scandal at the University of Pennsylvania's Wharton School

The Forgotten Child Sex Abuse Scandal at the Wharton School of the University of Pennsylvania [Part 1]

With all the publicity about the child sex abuse scandal at Penn State involving the school's prestigious football program, forgotten is an almost identical story involving a powerful professor and department head at the Wharton School of the University of Pennsylvania in the early 1990's. I was the lawyer for the main victim, although there were other victims (but the statute of limitations had run out). The only difference is that officials did not look the other way to the same extent as at Penn State, although the professor and his misuse of the prestige and name of the University of Pennsylvania name was ignored and enabled the professor to molest young boys and the professor was let off the hook. A grave miscarriage of justice and the rape of children was allowed to go unpunished in nearby Montgomery County, Pennsylvania (a county courthouse where I have learned not to expect justice) until the professor got caught again more than a decade later.

Letter to My Readers about my Blog, Why I Write It, My Attempt to Reach the World by Translating My Posts, and My Special Interest and Love of China

To The Readers Of My Blog:

Chinese and Arabic Translations at the Bottom
底部中文和阿拉伯文的翻译
الترجمة الصينية والعربية في القاع

Thank you for reading my Blog. Now that my Blog has been up and running for about six months, let me take some time to thank you and tell you how we have been doing and where we are going and why. In a country where our politicians are impotent to make a difference even in the face of social and economic problems, we (I and my readers) are going to make a difference worldwide and are well on our way.

Recent Protest(s) In China are not Comparable to the Arab Spring Protests

Recent Protest(s) in China is(are) not the Same as Arab Spring Protests and Should Be Left to the Central Chinese Government to Handle. The Chinese Government does represent the People of China and is its legitimate government and has not just the legal and military authority to rule, but the historical and moral authority as well.

As much as the West has been taught to think of Communist governments as a form of dictatorship which does not represent the people of the country and whose governance of the people is not pursuant to the will of the people, this is not true as a rule and is not true in China today or when after the Communists defeated the Nationalists (just as Fidel Castro came to power with the will of the people). We need to stop interfering with China and her internal affairs, which is something that the rest of the world (Japan, Russia, Germany, America, England and others) has done since the birth of international travel hundreds of years ago.

Thursday, December 8, 2011

Plan B Morning After Pill Age Restrictions are Reasonable

I am a pro-choice progressive liberal Democrat. But I support the age limitations imposed by the Obama administration. It is not that I want to take away or restrict any woman's reproductive and/or sexual rights. To the contrary, every woman should have the unfettered right to make choices as to her sexual activity and right to reproduce and/or terminate a pregnancy. This issue, however, implicated the rights and abilities of parents to be good parents to their children.

The World Must Support The Arab Spring, Especially in Syria (Arabic Translation at End) and the Continuing Struggle for Freedom in Egypt and Libya (and eventually in Iran).


America has some choices confronting it, but fortunately, those choices lend themselves to great opportunity. Historically, America's choices have led to the opportunity to advance her strategic, economic, and/or moral agendas. To often, we have had to choose between those strategic, economic and moral agenda. Also, to often, we have made the wrong choice. Whether through direct military intervention in such countries as Vietnam and Iraq or by backing dictators such as the Shah of Iran, Pinochet in Argentina, or even Batista in Cuba (the list is endless), we have had to make hard choices between our economic, political and strategic interests. Often, such as in backing the Shah or Iran or the Mujahideen in Afghanistan, we have in fact advanced none of our interests and done damage to them all.

Wednesday, December 7, 2011

Newt Gingrich and Rick Santorum Are Not Viable Candidates and are Not Qualified to Be President - What is happening to Democracy? Also, why the US needs "Big Government"

This post was updated on January 2, 2012 right before the Iowa caucus after the surge in Iowa polls of Rick Santorum

In the recent debate, Newt Gingrich made some of the most absurd statements I have heard. Statements which will hurt him if he gets the nomination. He proved himself to be not a viable candidate for the Presidency, although pathetically, he may be the best the Republicans have to offer. Rick Santorum, despite holding the title of Senator (of Pennsylvania - my home state), held that title only briefly. Before and after his brief tenure as Senator, he acquired no experience, did nothing of distinction, and currently, has no complete vision for the entire scope of issues which a President of the United States of America must deal with. Instead, he has extremist views on only a small sub-set of issues which deal with social value and religious issues, and America needs real leaders, not extremist religious fanatics who seek election on a religious and social conservative platform alone.

Monday, December 5, 2011

Egyptial Blogger Aliaa Magda Elmahdy is a Hero of the Arab Spring who, Fired the "Second Shot Heard Round The World"

Aliaa Magda Elmahdy, an Egyptian Blogger and a Hero, Fires the [Second] Shot Heard Round The World in the Revolution for Freedom by posting a Nude Picture (Photograph) of Herself on the Internet

علياء ماجدة Elmahdy، وهو مدون مصري وبطلا، وحرائق النار في [ثانيا] هيرد حول العالم في الثورة من أجل الحرية عن طريق نشر صورة عارية (تصوير) لنفسها على شبكة الإنترنت
الترجمة باللغة العربية لمتابعة

If I may rephrase some famous expressions, the oppression anyone's freedom is the oppression of all of our freedom. An injustice anywhere is an injustice everywhere. If you don't understand why this is true, please understand that when oppression of freedom and injustice (legal or social) is allowed at any time, in any place,  to any person or group, there is not only the danger that this will spread to us all, and not only does it offend our empathy to our fellow human beings, but in directly infringes our right and freedon to become a member of the oppressed group and/or engage in the activities which are restricted.

In this fight for freedom, Aliaa Magda Elmahdy is a hero and we need to know who she is, what she stands for, how she is protesting. Most importantly, we need to back her and the rest of the secular Arab Spring protesters. She is getting a massive following in the Arab world, and it is time that the world learns who she is and what she did and throws massive support to her and those for whom she protests. She is a young Egyptian adult and posed nude in a blog which also protests the jailing by the Egyptian military of protesters and also opposes Military trials for civilians. She also stands for artistic freedom and a whole host of freedom related issues which the Arab Spring revolution confronts in Egypt (in the same way that the tax on tea as only one issue encompassed in the American Revolution). Here is her website Ckick Here to Go To Aliaa Magda Elmahdy's Website

Thursday, December 1, 2011

Jews and Jewish Supporters of Israel Should Support President Obama and Democrats

Why Jews and Jewish Supporters of Israel Should Support USA President Barak Obama and the Democratic Party    למה יהודים התומכים בישראל צריכים לתמוך נשיא ארה"ב ברק אובמה

As a liberal progressive who emphatically supports President Barak Obama, I often receive criticism from Jewish friends and associates, especially American, who feel that our President is not a friend of Israel or concerned with her security while the Republican party candidates are. This belief is factually inaccurate and the result of misinformation and a media campaign by people who aspire to be President, and are thus free to say what they believe will win them the most votes and campaign contributions. Unfortunately, a sitting President, like Obama, must be restrained in his comments and actions, because there is a different set of responsibilities and goals between a candidate for President and being the President.

Wednesday, November 23, 2011

Notes and Observations from the 2nd half of the Republican Presidential Candidates Debate on National Security


I just could not bring myself to watch and write a blog on the first half of the debate as this took so long and it was already late at night.

In general, this was a really bad debate because, as is usually the case, instead of answering the specific question they were asked, almost without exception, the candidates talked about something that either had occurred when they were in office or for legislation which they had supported at some time long ago. They habitually criticized the President for, if relevant, the issue about which they were questioned, and if not relevant, for anything and everything else, whether relevant or not to the issue before them. It never mattered if the President was deserving of criticism, and he even was criticized for the inaction of Congress.

Friday, November 18, 2011

Occupy America!!! An analysis of the Occupy Wall Street, Occupy Philadelphia, and Other Movements and why We Should Support Them

In Philadelphia, as in Wall Street, and throughout the USA and world, people are occupying cities and institutions. I call it, "Occupy America." I may not be the only one to use that overall name, as the name is natural, but I did think it up on my own. These movements are America's Tienanmen square protests, a loose coalition of disenfranchised citizens exercising their right to freedom of speech and protest to complain about the social and financial inequality facing America during this period of America's demise.They are also complaining about excessive greed and corruption, political paralysis, and the financial demise of America.

Sunday, October 16, 2011

Senate Bill (Republican) to Punish China for her Currency is Nothing More than More Dangerous Politically Selfishly Motivated Shenanigans. Republicans again!

Once again, Republicans are at it again. They propose to punish China for her currency which they feel is undervalued and costs American jobs. They will focus our attention anywhere but on what really is necessary to cure our problems: tax increases on the rich and on wealthy corporations like the oil industry (which includes the repeal of “temporary” breaks) and cuts on our defense spending.

Monday, October 3, 2011

Amanda Knox is Set Free!


Free at Last! Amanda Knox is Free at Last! Thank God Almighty Amanda Knox is Free at Last! After four extensive years in prison, Amanda Knox has finally been released and all of her charges except defamation have been overuled.

Monday, August 8, 2011

Stop the Trafficking in Endangered and Protected Fish and Animals

Although a “step below” in evil (below the trafficking in humans), the needless slaughter to extinction, and the illegal trafficking in endangered and protected animals, for virtually no reason of some of the rarest animals and species of animals in the world is also incredibly damaging and evil. Often, like human trafficking, it involves the international and intra-country trafficking of illegal animal products, especially for human consumption. Like Human Trafficking, it is world wide and comes in many different contexts. Again like Human Trafficking,, it exists because of the active involvement of a few, along with the tacit indifference and./or acquiescence of governments and people worldwide. Like Human Trafficking, it is illegal, and also, reflects very poorly on the status of our humanity. A famous quote by a famous author (I forget who it was and what he/she said) was something like “The measure of a society's morality and humanity is measured by its treatment of children and animals.”

Thursday, August 4, 2011

Prosecuting Egyptian President Hosni Mubarak is a Mistake.

I was overjoyed by the Arab Spring, especially with the overall lack of violence and speed of the transition to democracy in Egypt. Compare what happened in Egypt with what is still going on in Libya, Syria, and throughout the rest of the Arab world. But prosecuting Hosni Mubarak is a mistake for Egypt and sets a bad precedent. Most of all, he does not deserve the prosecution.

Tuesday, August 2, 2011

Don't be fooled by the Tea Party! Tea Party candidates and Republicans (especially the Tea party and Special Interest Groups) Falsely Blame Democrats and President Obama for Economic Problems which are the Fault of Republicans and Tea Party candidates and try to do this by unfairly scaring Americans about things like China which have no relevancy. What's behind all the Tea Parties claims?

Republican special interest groups, PAC's and especially Tea party nuts continue to attack President Obama by falsely airing advertisements suggesting that the President's mismanagement of the economy will allow China to somehow “take over” America, or at lease become more powerful than America. This advertisements contain, like an onion, layers and layers of smelly lies and are false misleading scare tactics seeking to place the blame on Democrats and and unfairly criticize China for problems which are the fault of American Republicans, the tea party, and it's special interest groups.

Fact: Our budget deficit problem began a long time before China became economically powerful. Ronald Reagan, in 1980 ran on a platform of cutting the budget deficit in half. Instead, after eight years of his rule, the deficit had instead doubled.

Monday, August 1, 2011

Update to Amanda Knox Case 2011

In my original post almost three months ago, I stated that, "The DNA evidence is at worst, meaningless, and at best, exonerates her. That is because I was paying attention to the evidence submitted at the original trial. Unfortunately, the Italian Jury, Judges and Italian Prosecutor Mignini (who wanted to convict Amanda Knox for his own selfish corrupt reasons regardless of the truth of her innocence) were not paying attention to the evidence.

Last week, after this poor girl has been languishing in an Italian prison for years, her case is finally having an appeal. Fortunately, unlike the USA system (and probably because Italian trials are so bad), an appeal in Italy is like a new trial. In the USA, one has to show error which really couldn't have been attacked at the original trial. Despite public perceptions, it is much harder to win on appeal in America. In fact, it is rare to overturn a jury verdict in a criminal prosecution.

Confirmation Bias, the Secret Psychological Reason for Wrongful Prosecutions and Convictions - Cognitive Psychology and the Legal System and Process

I have been discussing the Amanda Knox and Casey Anthony cases in my blog. Both cases attracted worldwide attention because of perceived injustices. In the Amanda Knox case, there was an injustice at the hands of the Italian legal system which is not nearly as good as ours. In the Casey Anthony case, the legal system worked, despite the public perception of guilt. Both cases can be explained by a problem known as "confirmation bias" which has as its roots cognitive therapy.

Thursday, July 28, 2011

Republicans Solely and Clearly Responsible for Budget Crisis - It is their Fault

The Republicans are solely to blame for the current fiscal crisis. It is their fault. Republicans are betraying America with their shenanigans about the budget deficit. The debate has, pathetically, abandoned any hope or attempt about even balancing the budget. Instead, they are debating merely when the new limit to the deficit should expire, because the Republicans want the crisis to reemerge before the Presidential election. In other words, there is a limit as to how high the amount the USA owes can reach. Each year, because our budget it not balances, we owe more and more money, as the yearly deficits add up. There have been caps on how high that debt could go. There were many caps which keep getting raised, because congress can never ever balance the budget. The cap was raised six of seven times during the Bush administration, without any big deal being made, because, as disgusting as this is, it needed to be done in the interests of the country, and even democrats recognized this. But once again, we have a Democrat elected as President, and it is not bad enough for the Republicans that they can't, like dictators, impose their will on the rest of us. It is not enough that the Democrats are willing to compromise with and give them most of what they want. They are going to (I don't say willing because as I write this, time is literally running out) "tank the country" to destroy a President. The harm which will befall America will far exceed, literally, the harm to America which would be caused if Al-Queda invaded Washington DC and destroyed all government buildings and killed all members of the legislative branch of government.

Friday, July 8, 2011

Don't Use Automated Check-Out Machines at Supermarkets

     OK, I'll admit that this was not one of my major areas of concern. But with the exception of my comments about the Casey Anthony case, it seems nothing I have said or written about so far was as explosive as a comment I made on a Supermarket website for employees and executives which was that people should not use "self-checkout machines" as they were anti-labor, and in this economy, unpatriotic.

Tuesday, June 14, 2011

Casey Anthony Case and Flawed TV Analysis of this Case. What is the real story on Casey Anthony?

Many TV shows are covering the Casey Anthony case, and while I can follow the case, I can't follow the TV analysis of this case. Even the most learned legal and psychological experts are clueless. The analysis of the Casey Anthony case has been confused, disjointed, and flawed. Some get a few of the relevant points and issues, but all have failed to put it all together. The only way to analyze this case is to apply an intellectual legal analysis to the evidence. All of the experts on TV have approached the case from other than a non-legal perspective. Cognitive therapy teaches us there are different ways of interpreting the same facts, occurrences, and observations. That is what many have mistakenly done in this case to Casey Anthony as they both judge her prior actions and her behavior in Court.

Wednesday, June 1, 2011

Civil Rights for Public School Students


Before I begin with the thrust of this blog post, which is to demand that student's rights to free speech and free press be protected, and before I expose and go against those who seek to deny those rights seek to punish those who do exercise those rights, please let me state my fundamental and moral principles to avoid confusion and eliminate a lot of potential hate e-mail.

Tuesday, May 31, 2011

World Health Institute fails miserably to decide whether cell phone usage causes brain cancer


Today, just minutes ago, the United Nations World Health Organization, the preeminent most respected medical organization in the world purported to settle a critical debate and announced, in breaking news, "Cell phone use can increase possible cancer risk." What a disappointment from the WHO. Their conclusion begs the question. We already wondered whether cell phone usage caused brain cancer. This question has been around for at least a decade. We expected them to extensively analyze the multiple studies and empirical data which exists from a medical and scientific point of view and reach a scientific supportable conclusion such as "Yes it does," or "No it doesn't." Their response, "Maybe it does." The entire world knew that already, even years ago. We needed an answer, and got instead only the original question which started the debate. How is this news? How is this science? How is this medicine?

Friday, May 20, 2011

Eat Organic Products and Humanely Produced Products - Be Healthy for Yourself, Your Family, and Be Moral

Times are tough, financially! I get it. They are for me as well. Also, while I ethically believe that eating animals is wrong, I was raised eating meat, eggs, dairy products, and so on. I just can't eliminate these.

But I don't need anti-biotics, pesticides, hormones, and mad-cow disease. I won't contribute to the further degradation of the environment though the use of pesticides and the other by-products of big business industrial farming operations. And I can not reconcile my need to eat with the cruelty inflicted on animals from birth through death, including the placing of animals in cages no bigger than their bodies with no ability to move around, kept in unhealthy and cruel conditions and kept alive and productive through the use of dangerous drugs and chemicals.

Friday, May 13, 2011

Stop Human Trafficking Now. Make a Difference.


    Human Trafficking is more prevalent then one could possibly imagine, yet is a terrible evil in this world. It  exists in every country. It is hard to fathom moral intelligent individuals turning a blind eye to this problem. One can hardly claim to be religious or moral and engage in practices which support, condone, or even turn a blind eye to this evil. Inaction and indifference are as bad as actively contributing to the problem. Stopping it now is a moral imperative for everyone everywhere!!!

Monday, May 9, 2011

Google, Bing and Yahoo, Time for Anti-Trust or Unfair Trade Practices Regulation

The great thing about the Internet is that anyone can create their own website, and many sites make it easy to create a "site withing a site" for those without extensive knowledge of computers or the Internet. Also, a wealth of information and easy access to commerce and shopping is also readily available, along with sites which serve the vital interests of expressing free speech about a range of topics from public events, politics, issues which confront us, and on and on.

The problem with all this information, Internet commerce, and multitude of websites (offering goods and/or services) is finding them. Hence, the advent of that successful Internet business, the "web crawler" also known as a Web Search Engine. Google was not the first, but gained prominence as one of the most independent and best. Unfortunately, all three of the biggest, including Google, and also Yahoo and Bing (the first and the last, respectively) is that they pervert the very essence of their purpose in a manner which constitutes, possibly, anti-trust concerns as well as unfair and deceptive trade practices.

Help Win the Freedom of Amanda Knox

Who is Amanda Knox? She is a young American college student wrongfully convicted in Perugia Italy of murder. While there is not a shred of evidence to sustain her conviction, nor was there at trial, she was prosecuted by an incompetent prosecutor with a political agenda and history of similar misconduct. Italy is not known for an effective police or judicial system, and it clearly failed this young innocent college student.

Why should you care? First, she is a young American girl, and she could be your daughter or sister, and next time, perhaps it will be. Second, she is an innocent American facing injustice and looking at spending the rest of her life in prison for a crime she didn’t commit. Lastly, she is innocent, and an injustice anywhere, as it was said, is an injustice everywhere.

Monday, May 2, 2011

Bin Laden Dead, And A Democratic Administration Proves it is strong on National Security


Osama Bin Laden is dead, and there is no way of interpreting this as other than great and wonderful news. Although Al Qaeda is not destroyed, and some will hold him as a martyr, Bin Laden was personally guilty of thousands of acts of murder, an enemy or the USA and all law abiding peace loving countries on this planet, and the leader of one of the most illegitimate murderous terrorist organizations in the world. His personal existence was an encouragement to his followers, and his death is a devastating blow to them (notwithstanding the spin they will surely espouse and any possible reprisals). America's actions send a strong warning to others who seek to commit similar heinous acts of terror and murder against the United States of America. This event also sends a clear message that justice will be brought to those responsible for such legal crimes and immorality, no matter where they hide, how careful their security, how rich their organization, or how complicit the country in which they were hiding. It also proves that President Obama, and his democratic administration, are stronger than Bush and his republican administration in the area of National Security.

Saturday, April 30, 2011

Watch for My New Book, A White Tear in Red China


Watch out for my upcoming book, A White Tear in Red China by David Michael Ginsberg, © 2011 David Michael Ginsberg, which I had written over the last few years in hand during my many trips to and adventures in China. I am finally typing it up and editing it. It is my first book, and is non-fiction. I can only hope I am a good enough author to tell the stories which are definitely well worth reading.

We are the people who have the courage to stand up to the wrong of our country and make it right!

"A White Tear in Red China" is also a trademark of David M. Ginsberg. All rights reserved.



http://usa-china-international.blogspot.com/ http://usa-china-international.blogspot.com/http://usa-china-international.blogspot.com/ http://usa-china-international.blogspot.com/ http://usa-china-international.blogspot.com/ http://usa-china-international.blogspot.com/

Friday, April 29, 2011

Repeal Tax Breaks for Oil Companies


Oil companies currently receive a 4 billion dollar tax break. Exxon just, on April 29, 2011, reported a 10 billion dollar profit this year alone! This is on top of year after year of multi-billion dollar profits. Exxon is joined by the other oil companies who also have huge multi-billion dollar profits, year after year. At the same time, our country is in a crisis because of the budget deficit nearing its legal limit. Does it take a rocket scientist to get the point that we should repeal the tax breaks for these companies!!!

Thursday, April 28, 2011

Summary Of Compelling Reasons for Switching to “Green” Alternative Energy Due to the Hidden Costs of Not Switching, Especially in the Long Term


  1. INTRODUCTION
    While many consumers and governmental officials are concerned about the environment, and desire to go "green" no matter what the cost or inconvenience, many people and decision makers care primarily about the monetary cost of energy. This is seen when energy companies seek rate hikes, for example, or when consumers complaint about increased costs of gasoline at the pump. People want cheap utility bills, cheap gasoline, and cheap cars. (Chua, 2008)

China’s Monetary Policy Is Fine, No Need for Her Currency to Float


Contrary to the conventions and misguided wisdom, China is wrongly criticized for not allowing her currency to float. This is absolutely misguided and is based on the simple, yet incorrect, assumption that the more Chinese goods cost, the less quantity of them we will buy, and the cheaper our goods are, the more quantity of USA products we can sell. The theory goes that if currencies float freely, trade deficits will decrease, and more Americans will get jobs. Historically, this hasn't worked. Closer examination of the underlying theory explains why. If the Chinese currency floats freely, we will just spend more money for the same amount of goods, further aggravating our balance of trade deficit.

Monday, April 25, 2011

Why do we Continue to Unfairly Fear and Criticize China for her economic Growth?

In the news are more and more stories about how strong the Chinese economy is, and the question of whether we should be concerned. Recently, a racist anti-China commercial has been used by Republican affiliated PAC'S and Special Interest Groups to attack Democrats. It portrays the Chinese as laughing about the demise of the American Leadership due to budget deficits and other economic mismanagement.

First, the Chinese are not our competition. They are a poor country with a much much larger population. Can we, should we, blame the Chinese because they are a hard working society which promotes production of "real goods" while we continue to refuse to refuse to work, and when we work, we tend to "shuffle" existing assets instead of creating new ones. Let me explain. Only in the airplane construction industry are we are a major net exporter and world leader, yet we allowed Europe to subsidize Airbus and, in the name of Capitalism, we care more about deregulating financial markets instead. Financial markets, those in the finance industry, like lawyers, accountants, PR consultants, and on and on, at which so many of us work, add nothing to our real GNP. They do not add anything to our ability to pay for imported goods.

President Obama Doing Well in Domestic and Foreign Policy

Our President has received unfair criticism about his foreign and domestic policy. He is doing an excellent job, given the cards he was dealt.

Regarding Concerns About Increased Involvement in Libya and the USA shouldering an unfair share of the burden:

President Obama clearly warned us of all of the things which are occurring [no exit strategy, unfair burden to the USA] and clearly enunciated those concerns as his justification for hesitating to rush to involve the US in Libya. The President bowed to the will of the American public, both Republicans and Democrats, and our compassion for innocent civilians being slaughtered and our identifying with those that protest and defy a brutal dictatorship and its oppression. By the way, I believe history will prove our support of these protesters to be both morally correct and also in our enlightened self-interest.