{"id":2334,"date":"2010-11-18T21:33:23","date_gmt":"2010-11-19T04:33:23","guid":{"rendered":"http:\/\/www.jasonapollovoss.local\/?p=2334"},"modified":"2018-08-17T09:01:21","modified_gmt":"2018-08-17T13:01:21","slug":"more-official-assault-on-china","status":"publish","type":"post","link":"https:\/\/jasonapollovoss.com\/web\/2010\/11\/18\/more-official-assault-on-china\/","title":{"rendered":"More official assault on China"},"content":{"rendered":"

Tomorrow Ben Bernanke, Chairman of the U.S. Federal Reserve, is going to be delivering remarks in Frankfurt about China.\u00a0 Specifically, the Chairman is going to emphasize that by keeping its currency artificially low China is causing its economy to grow too fast (read: growing through inflation, rather than real<\/em> economic growth).\u00a0 He also complains that by manipulating the value of the yuan that the Chinese are preventing trade imbalances from adjusting to actual supply and demand conditions.\u00a0 Bernanke also claims that the Chinese are slowing the global economic recovery.\u00a0 While the Federal Reserve Chairman also mentions other emerging markets such as Taiwan, Singapore and Thailand, these countries only appear in a chart prepared for the presentation.\u00a0 The actual remarks mention China alone.<\/span><\/p>\n

Isn’t it interesting that the presentation was made available to the press prior to its actual delivery in Bernanke’s speech tomorrow?\u00a0 Clearly this has been done to ensure that there is maximum press coverage of his remarks.\u00a0 The Federal Reserve is clearly trying to catch the attention of the Chinese government.<\/span><\/p>\n

And so the beat that I have been sounding for the last two weeks goes on.\u00a0 As I keep saying, expect there to be more and more bashing of the Chinese in the lead up to the 2012 U.S. elections.\u00a0 Disconcertingly, the Federal Reserve is supposed to be an independent body, free from political influence.\u00a0 However, in the past two weeks it appears that the Fed is in cahoots with the White House.\u00a0 I will continue to track the trajectory of this story as I am certain that the flames are going to be rising.<\/span><\/p>\n

Jason<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Tomorrow Ben Bernanke, Chairman of the U.S. Federal Reserve, is going to be delivering remarks in Frankfurt about China.\u00a0 Specifically, the Chairman is going to emphasize that by keeping its currency artificially low China is causing its economy to grow too fast (read: growing through inflation, rather than real economic growth).\u00a0 He also complains that […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-2334","post","type-post","status-publish","format-standard","hentry","category-the-blog"],"_links":{"self":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/2334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/comments?post=2334"}],"version-history":[{"count":0,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/2334\/revisions"}],"wp:attachment":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/media?parent=2334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/categories?post=2334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/tags?post=2334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}