Please read it and share it with everyone you love and everyone you hate.

Again I’ll recommend last Wednesday’s “There’s Something Wrong With Me” and paste a copy below.   Please read it and share it with everyone you love and everyone you hate.  

If we want to be happy, etc. — first, we have to want to be happy, etc.  This will be a good second step.  

More later.

Today’s affronts:

“China’s trade in services a new driving force for foreign trade”

[People's Daily link -- July 25, 2014]

  • Over the first five months of this year, the growth rate of service exports [15.9 percent] exceeded imports for the first time.
  • Since joining the WTO, China’s service trade has expanded rapidly; its world ranking has climbed from 13th in 2001 to third at the present.
  • Ministry of Commerce spokesman Yao Jian said that in the future, competition in world trade will be reflected more in trade in services, which has become a new driving force for economic growth and a focus of great power competition.

“Why is China increasing its US debt holdings?”

[People's Daily Overseas Edition link -- July 25, 2014]

  • U.S. debt should be the largest component in our country’s foreign exchange reserves, and this is unlikely to change in the foreseeable future.  It is decided by the U.S. position in the global financial markets.
  • Mei [Yuxin, a researcher at the Chinese Academy of International Trade and Economic Cooperation under the Ministry of Commerce] also said the increased holdings of US debt also show investors are optimistic about the U.S. economic recovery.
  • According to Xu Hongcai, an economist with the [Chinese Communist Party's] China Center for International Economic Exchanges, since the second half of last year, the U.S. economy has experienced a relatively strong recovery, and as a whole, the situation of the U.S. fiscal balance has improved.  In addition, structural reforms have achieved some positive results.  An increase in holdings of U.S. debt at this time shows investors’ confidence in the U.S. economic recovery.
  • Whether we should increase or decrease US debt holdings in the future will depend on the rate of return, according to Mei.
  • On the premise of protecting safety and liquidity, foreign exchange reserves management should strive to improve the return on investment.  More foreign exchange reserves should be directed to support the development of China’s economic entities, local governments, and enterprises “going global”, and actively participate in foreign direct investment.
  • Experts said that under the current context of weak global economic recovery, to protect its foreign exchange reserves against the risk of depreciation China needs to carry out reform of its industrial structure, trade policy and exchange rate policy.  In particular, China should adjust its unbalanced industrial structure in order to achieve balanced foreign trade and financial items as soon as possible.

“1 pct of Chinese own one-third of national wealth: report”

[Xinhua link -- July 26, 2014]

  • Chinese households on average had a net worth of 439,000 yuan (about 71,000 U.S. dollars) in 2012, up 17 percent from the 2010 level.
  • Income inequality rose rapidly during the period, the [Peking University] report said, as the top one percent of Chinese households held more than one-third of the nation’s wealth, while 25 percent of households at the bottom owned only 1 percent of the country’s property value.
  • The report showed about 74.7 percent of Chinese household wealth came from owning real estate.

“Military exercises cause major flight delays in China as PLA carries out live fire drills”

[SCMP link -- July 27, 2014]

  • Military experts said the drills were intended to signal China’s tough stance towards Japan and its ally, the United States, and were timed to coincide with the 120th anniversary of the first Sino-Japanese war.
  • Air travellers can expect little relief from the delays, with the live-fire drills — which started last Sunday — due to continue in waters off the east coast until August 15.

“RIMPAC 2014: Participating Forces”

www.cpf.navy.mil/rimpac/2014/participants

  • Twenty-two nations, 49 surface ships, 6 submarines, more than 200 aircraft and 25,000 personnel will participate.  Units from . . . Japan . . . the People’s Republic of China . . . and the United States will participate.  RIMPAC is a unique training opportunity that helps participants foster and sustain cooperative relationships that are critical to ensuring the safety of sea lanes and security on the world’s oceans.

“Obama’s Russia Sanctions: Corporate America Has Much More To Lose Than Washington Realizes”

www.forbes.com/sites/eamonnfingleton/2014/07/27/obamas-russia-sanctions-heres-a-hidden-reason-why-they-will-slit-corporate-americas-throat

  • Largely overlooked by the American press, Japanese officials could hardly be less sympathetic to the Obama administration’s Russia policy.  This is in part because the current crisis catches Japan at a particularly inopportune moment.  The fact is that by far Japan’s single most important territorial dispute — vastly more important than its dispute with China over the Senkaku Islands — is a dispute with Russia over the Kuril Islands.   Two of these, with an estimated combined population of about 15,000, were previously part of Japan but were captured by the Soviet Union in 1945.  All the evidence is that Japanese officials have been quietly negotiating with Moscow for nearly a generation and, before the Ukraine crisis intruded, had come close to a deal for the islands’ return to Japanese sovereignty.

This new blurb:

“Bob Hall is an American patriot with a broad vision that sees what the experts overlook.  He challenges the conventional wisdom and exposes its false assumptions with deep insight and wisdom.” — Clyde Prestowitz, writer on global affairs and president of the Economic Strategy Institute 

Will appear on page 2 of my compendium, which is always free for the asking, so please don’t hesitate to ask.

If you don’t believe a book can be worth more than its cover price — well, let’s just say you’ve come to the right place.

www.facebook.com/BobHall2016

E-mail: DollarToTheGiant@Gmail.com for Fear-Fallen Children: “Dollar to the Giant” Chronicles & Comments June 2008 [#1] to Date [#1100] notably resisting America’s Shift from Wealth Creation to Wealth Transfer and Surrender

“There’s Something Wrong With Me” – FFC #1098 of July 23, 2014

This essay isn’t about Nazis, but I can’t think of a better way to begin.

If something defies logic, then maybe there’s a reason.  Nobody can solve an emotional puzzle with logic, intellect.

(Haven’t you ever loved a person you swore must be crazy?)

I’ve known lots of people who, when they were young children, and learning about themselves from old children, learned and memorized this:

“There’s something wrong with me.”

There you have it.  They were wrong, of course, but there you have it anyway.

The shrinks might call it “low self-esteem” but it’s our country’s biggest problem.  Every compulsion and addiction — from overeating to serial murder — is rooted in this fundamental self-hatred.

Every exploitation and vulnerability, too.  How often do we make a purchase decision — or otherwise socially conform — to avoid the feeling, deeply subconscious, that “there’s something wrong with me”?

A hundred years ago, the typical German household was not what we Americans would think of as kid-friendly.  Humiliated German children grew into adult Nazis who saw themselves — their defective and vulnerable childhood selves — in their Jewish victims.  They symbolically exterminated their childhood selves, and thus completed the work of their childhood authority figures.

I know too many self-hating Americans — mostly good people of low self-esteem — who see themselves in their own children and grandchildren.

They are wrong, of course, but there you have it — and the reason their behavior defies logic.

Beijing has decided to gradually shake dependence on overseas made electronics.

Scroll down — way down.*

“US chipmaker to be deemed monopoly”


[China Daily link -- July 25, 2014]

  • The anti-monopoly law allows industry regulators to impose fines up to 10 percent of a company’s revenues in the previous year.  Qualcomm earned $12.3 billion in China in its last fiscal year, which ended in September.  The sum represents nearly half of the company’s global revenue.
  • On the same day the NDRC [National Development and Reform Commission] official said Qualcomm would be deemed a monopoly, the company announced a $150 million investment project aimed at Chinese startups.
  • Beijing has decided to gradually shake dependence on overseas made electronics.  The State Council introduced a fund last month in a bid to boost local chip innovation and manufacturing.

“How the Hammer Falls as China Nails Corruption”

[Caixin link -- July 24, 2014]

  • No one knows for sure who might fall next, which makes the website — [Central Discipline Inspection Commission] — a must for anyone following the anti-corruption crackdown.
  • The party’s Central Committee has entrusted the CDIC, whose inspection team unit dates to 2003, to follow an anti-graft strategy spelled out in a December 2013 document.  Inspectors dig up evidence of wrongdoing and report to superiors at the CDIC.  Suspicious activity involving high-level officials may be reported to the party’s central leaders or even to Xi [Jinping], the party’s general secretary.
  • At the state-run oil company China National Petroleum Corp. (CNPC) . . . sources said that high-level managers are so worried about these investigations that they have drawn up a contingency plan for filling any position left vacant after a CDIC inspection.  As part of the plan, all mid- to upper-level company managers must contact department heads daily.  Anyone who does not report is considered gone, and replaced the next day by a pre-approved successor.
  • Ren Jianming, a public management professor at Beijing University of Aeronautics and Astronautics, said the campaign “has been an important safeguard and has provided support for efforts to reform the political and economic systems.”  He called it “a breakthrough for reforming the political and economic systems.”  Over the past year, Ren said, the crackdown has proven to be a useful deterrent against corruption.
  • “If this continues,” he said, “we can expect corruption will be under control.”

“BBC World Service Poll

http://downloads.bbc.co.uk/mediacentre/country-rating-poll.pdf

  • Views of Russia have strongly deteriorated since last year, as shown in the latest 24-country poll . . . conducted mostly before the events in Crimea.
  • The deterioration of views towards the USA is mostly led by sharp increases in negative views among allies where extensive US surveillance activity has been discovered and widely criticized.
  • The most unfavorable views towards the USA in the survey are held in Pakistan (61%) and China (59%).
  • Germany has kept its position as the most positively viewed country, with 60 percent worldwide giving it positive ratings.
  • The UK is the country whose perceived influence in the world has most improved from 2005 to the present.
  • Conversely, China’s perceived influence has worsened the most over the same decade.
  • Germans have become increasingly negative towards China with 76 percent perceiving it negatively.
  • The most favourable views of China are found in Africa where no surveyed country has less than 65 percent of positive views.
  • Negative views of Japan are at their highest since 2006, and have hit a record high of 90 percent among Chinese (up from 74%).
  • Iran remains the most unfavourably viewed country, with negative ratings of its perceived influence averaging 60 percent, followed by Pakistan and North Korea (both 58%).
  • Israel continues to be the fourth most negatively viewed nation, despite an uptick of three points in its positive ratings (24%) and a decline in its negative ratings to 50 percent (down 2 points) that differentiates it from the other worst-rated nations.
  • Ghanians are the most favourable towards Israel in the survey (54%, up 10 points and at its highest level), just ahead of the USA (52%).

“China’s Increasing African Presence”

www.counterpunch.org/2014/07/25/chinas-increasing-african-presence

  • It appears as if there is no official Chinese goal for taking over the continent, but their combined presence is clearly intentional government “leverage” against the West.
  • Sadly, too many of them are condescending, outright racists.  They typically arrive with more education than the Africans around them and a determination to work very hard.  By contrast, they consider the locals more interested in having a good time than working and building up a business or a farm.  They consider the Africans stupid and have no compunction of taking advantage of them.  Here’s the observation of a man in Mozambique, which pretty much sums up the entire perspective:
  • “I didn’t think they [the Africans] were so clever, not so intelligent, and I was looking for an opportunity based on my own capabilities.  Can you imagine if I had gone to American or to Germany first?  The people in those [expletive deleted] places are too smart.  I wouldn’t have gotten anywhere.  I don’t think I would have beaten them.  So we had to find backward countries, poor countries that we can lead, places where we can do business, where we can manage things successfully.  If it was the United States, with [expletive deleted] intelligent Americans, how could we compete?”
  • Variations of that quotation appear throughout the book.  A Chinese man in Senegal says of his hosts, “They just don’t learn.”  Worse, he states that African politicians are mostly clueless.

“China Turns To Africa For Resources, Jobs And Future Customers”

www.npr.org/templates/transcript/transcript.php?storyId=316299135

  • More than a million Chinese citizens have permanently moved to Africa, buying land, starting businesses and settling among local populations.
  • When crews broke ground on a major airport expansion in Mali funded by American foreign aid, the $71 million contract went to a Chinese construction firm.  That’s one small measure of China’s economic engagement in Africa, where Chinese leaders see arable land and natural resources vital to China’s industrial expansion and markets for growing Chinese companies.  Our guest, journalist Howard French, says . . .
  • The things they complain about in China run from just the sheer crowding of cities in China, to the environment — rampant pollution in many places — to corruption.  Corruption is something that many, many of the people I interviewed complained about.  They would often say to me, unprompted, that African countries, which we often think of as being, you know, terribly corrupt, were less corrupt in terms of the way they lived their daily lives than China itself.
  • And then finally something they sometimes were fleeing was a feature of Chinese capitalism that’s not widely understood in this country, which is the copycat nature of economic competition in China.  If I invent a gewgaw and begin to sort of manufacture it and sell it on a street corner and somebody notices that it’s doing good business, then, you know, in China, very often, it seems like a week later, 10 people have copied that idea and are trying to sell the same gewgaw.  Very often, Chinese people would say to me that they were looking for places where there weren’t so many Chinese people, which I thought to be amusing.

Think of all the reading I’ve just saved you.

Keep scrolling.

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E-mail: DollarToTheGiant@Gmail.com for Fear-Fallen Children: “Dollar to the Giant” Chronicles & Comments June 2008 [#1] to Date [#1099] notably resisting America’s Shift from Wealth Creation to Wealth Transfer and Surrender

“There’s Something Wrong With Me” – FFC #1098 of July 23, 2014

This essay isn’t about Nazis, but I can’t think of a better way to begin.

If something defies logic, then maybe there’s a reason.  Nobody can solve an emotional puzzle with logic, intellect.

(Haven’t you ever loved a person you swore must be crazy?)

I’ve known lots of people who, when they were young children, and learning about themselves from old children, learned and memorized this:

“There’s something wrong with me.”

There you have it.  They were wrong, of course, but there you have it anyway.

The shrinks might call it “low self-esteem” but it’s our country’s biggest problem.  Every compulsion and addiction — from overeating to serial murder — is rooted in this fundamental self-hatred.

Every exploitation and vulnerability, too.  How often do we make a purchase decision — or otherwise socially conform — to avoid the feeling, deeply subconscious, that “there’s something wrong with me”?

A hundred years ago, the typical German household was not what we Americans would think of as kid-friendly.  Humiliated German children grew into adult Nazis who saw themselves — their defective and vulnerable childhood selves — in their Jewish victims.  They symbolically exterminated their childhood selves, and thus completed the work of their childhood authority figures.

I know too many self-hating Americans — mostly good people of low self-esteem — who see themselves in their own children and grandchildren.

They are wrong, of course, but there you have it — and the reason their behavior defies logic.

With reasonable luck, pressure from an outraged American public will reach such a point that universities will be shamed into shutting down these institutes.

Eamonn Fingleton has just posted a good one on his — ugh! – Forbes blog:  

“Taking Back America: Here, Finally, Is A Chinese Mega-Blooper — And A Chance For The U.S. To Turn The Tables”

www.forbes.com/sites/eamonnfingleton/2014/07/18/taking-back-america-here-finally-is-a-chinese-mega-blooper-and-a-chance-for-the-u-s-to-turn-the-tables

  • The issue at stake is nothing less than American intellectual freedom, and no opponent comes larger: the People’s Republic of China (PRC).
  • Now largely thanks to [University of Chicago's Marshall] Sahlins’ leadership, academic staff at many universities have begun agitating to rid campuses of the phenomenon.
  • Why is this fight so important?  Because this time Beijing has dangerously overreached.  With reasonable luck, pressure from an outraged American public will reach such a point that universities will be shamed into shutting down these institutes.
  • Such a roll-back would provide a much needed victory for an increasingly dejected American public that has long since come to consider constant PRC expansionism an inevitability.

I’d say China Daily is pretty lame:

“Closer US, China ties in universities”

[China Daily link -- July 18, 2014]

  • “The Chinese are more responsive to our culture than we are to theirs,” said [a student from Chicago].

But the propagandists make a good point.  The Chinese have been more responsive to us than we’ve been to them.

Hey, as long as we’re turning tables. . . .

www.facebook.com/BobHall2016

E-mail: DollarToTheGiant@Gmail.com for Fear-Fallen Children: “Dollar to the Giant” Chronicles & Comments June 2008 [#1] to Date [#1093] notably resisting America’s Shift from Wealth Creation to Wealth Transfer and Surrender

 

If you don’t think you’d enjoy “living” under Chinese rule, now is the time to do everything humanly possible to avoid it.

If you don’t think you’d enjoy “living” under Chinese rule, now is the time to do everything humanly possible to avoid it. 

Today’s additional incentive: 

“China shuts down 31 websites temporarily as crackdown on ‘rumour mongers’ continues”

[South China Morning Post -- July 18, 2014]

  • Also shut down was the Beijing-based website for zhiqing or “sent-down youth” generations — the Cultural Revolution campaign that saw millions of young city dwellers sent to the hinterlands to be “re-educated by the peasants”.
  • The nation has the world’s most sophisticated online censorship system.
  • It blocks many social media websites, such as Twitter, Facebook, YouTube and others, along with many sites hosted in Taiwan and those of rights groups and some foreign media agencies.
  • Only yesterday, President Xi Jinping, gave a keynote speech to the Brazilian congress, during his week-long visit to Latin America, in which he called for stricter management of the internet, Xinhua reported.

Every penny we spend on Chinese goods and services supports the People’s Republic of China, the Chinese Communist Party, and the People’s Liberation Army.

All treason is economic.  This is why it used to be taken seriously.

www.facebook.com/BobHall2016

E-mail: DollarToTheGiant@Gmail.com for Fear-Fallen Children: “Dollar to the Giant” Chronicles & Comments June 2008 [#1] to Date [#1094] notably resisting America’s Shift from Wealth Creation to Wealth Transfer and Surrender

If you don’t want to live in China, why would you buy things made in China?

Why neglect the American economy if you want to live in the United States?  Why nurture the Chinese economy if you don’t want to live in China?

If you don’t want to live in China, why would you buy things made in China?

You do not want to live in China.

It can be profitable, after reading an article like this — including, of course, its reader comments — to ask and answer whether your feelings have been changed. 

Never underestimate the subtlety of power.

“Inside a Beijing Interrogation Room”

www.nytimes.com/2014/07/18/opinion/murong-xuecun-inside-a-beijing-interrogation-room.html

  • Chinese writers like me often face difficult choices.  What should we do when friends are arrested for no good reason?  Keep our mouths closed?  Should we speak out in protest and risk being dragged away to prison?  Is it fair to our families and friends to risk rotting away in jail because we refuse to shut up?
  • Two plain-clothed guobao officers showed up and took me into a small room.  Shoe prints covered the walls, and cigarette butts were scattered on the floor.
  • The officers wanted to go to my home to get the essay I had written for the Tiananmen commemoration.
  • They finally agreed to let me go home alone to get the essay for them.  But once at home I couldn’t find it: I had written it in an email message and my account was inaccessible because of the Great Firewall.
  • I returned to the police station empty handed.  The officers let me go after making a statement about the inaccessible email, signing each page and affixing a fingerprint.
  • This was the first time I was questioned by the police.  In the course of my seven-hour interrogation the guobao officers were never ferocious.  In fact, they were polite.  In this respect, the Chinese government has evolved to appear friendly, but in its heart of hearts it is still a dictatorial regime that will never accommodate someone like me who disagrees with it.
  • But I was encouraged by all the support I received.  While I was being questioned by the police, and after my release, many people — friends and strangers — voiced their support for me.  Some even vowed to surrender to the police, too.

Never underestimate the subtle power — or not — of a 3,000-year-old opponent.


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E-mail: DollarToTheGiant@Gmail.com for Fear-Fallen Children: “Dollar to the Giant” Chronicles & Comments June 2008 [#1] to Date [#1095] notably resisting America’s Shift from Wealth Creation to Wealth Transfer and Surrender

Ending Tax Inversion in a few minutes

We need to realize that the very same companies that are doing this are also the very same companies that are sending our jobs offshore, or importing visa holders to take our jobs here at home.

My preferred method would be to charge them with economic treason for destroying the sovereign state of our nation, but most probably will not want to go that far.

All we need to do is make it so that they cannot sell their products in America.

This will work because our little country of 315 million people buys more products than those countries that have four times as many people, and these corporations know that, and they are betting on your ignorance of the subject will keep you silent.